GameCoin (GMC) is an innovative digital currency developed specifically for the gaming community. Set to go on sale at the end of September through a dedicated Initial Coin Offering (ICO), GMC is not just a cryptocurrency, it's a revolutionary concept designed to have a significant impact on the gaming industry's revenues and player engagement.
Transforming the Gaming Industry
With an ambitious objective to triple the gaming industry's earnings to a whopping 300 billion dollars per year, GameCoin is all set to redefine how players engage with their favourite games. The unique proposition is that it enables players to monetize their gaming hobby. The developers of GameCoin are optimistic that within a span of just one year, the capitalization of GameCoin will cross a billion dollars and continue to grow swiftly.
The GameCoin Concept
The motivation behind GameCoin is to facilitate a method of monetizing the largely untapped segment of free gaming. The GameCoin whitepaper indicates that the bulk of gaming revenue is drawn from a mere 10% of users. The challenge for developers lies in monetizing the other 90% of gamers. GameCoin proposes a solution to this issue through the implementation of blockchain technology.
Empowering Developers with Blockchain Power
At its core, GameCoin’s approach is to empower game developers to create their proprietary cryptocurrencies, to be utilized as in-game money. The process of creating this cryptocurrency is designed to be cost-effective and straightforward for developers, as it essentially involves creating a digital token with in-game value. As this currency circulates among players, its value appreciates, given it can be used for in-game purchases.
Making Secure In-Game Currencies a Reality
GameCoin aspires to simplify and secure the process of creating in-game currencies for developers. These developer-specific cryptocurrencies are envisaged to work as forks on the GameCoin blockchain. Each developer will have the leverage to create their fork, enabling gamers to effortlessly apply their GameCoin (GWC) tokens to any game of their choice. The GameCoin wallet is expected to extend support to all forks, further enhancing the gaming experience for users.
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