GameCredits GAME Mining How It Works
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GameCredits Coin It was incepted in 2015 under the name GamersCoin (GMC), but it was later rebranded to GameCredits (GAME). Until June 2015 their cryptocurrency price was only $0.00044 per GAME, but since June 2015, GAME had a real growth in value starting the 2017 year with a value of $0.2184. This means a 500% increase from its value since June 2015. GameCredits have a value of $0.3606 per GAME today.
This cryptocurrency is projected to grow even more in the future, as they mobile gaming store launched a crowdsale on April 25th. MobileGo is their own gaming store.
It has a proprietary payment gateway that will enable GAME to reach millions of new users and therefore, GameCredits will grow in value and reward their investors. They also provide an easy solution for the restrictions imposed upon gamers to how much can they deposit into a game.
The deposit will have higher limits with GAME. But why would people use GAME if they don’t have cryptocurrency? Because their purchase with GAME will be more rewarding than one with a credit card. GameCredits is one of the fastest growing cryptocurrencies in 2017, and it is just a few steps from mass cryptocurrency adoption by the audience. GameCredits launched the game store and they hope that they can help the gaming industry by offering developers a new way to publish their games while also saving them about 20% in fees.
The developers would get their payments faster, and also they can get their games listed on the game store in less than 10 minutes. GameCredits Statistics What is GameCredits Inc.? GameCredits Inc. Is headquartered in Sisak, Croatia.
This company began operations in 2016 and includes people of diverse backgrounds who are experts from both the blockchain and gaming industries. The team consists of several original founders of the GameCredits (GAME) cryptocurrency, and each one is involved in the decision making process. The co-founders include Nebojsa Maksimovic (nicknamed Nele) and Aleksandar Mihajlovic (Alex), and they have recently partnered with Datcroft Games LTD – a giant gaming development and marketing company having over 12 million registered gamers. Together with GameCredits Inc., they are committed to designing a blockchain-based in-game monetization platform and a frictionless payment gateway for the gaming industry. Here is some of the team members nowadays. GameCredits Team Members How GameCredits Crypto Prevents Cheating When designing GameCredits, developers considered the fact that estimates put between 50 and 99 percent of virtual goods purchases as fraudulent. Because GameCredits are blockchain-based, all transactions are permanent and there is absolutely no chance of fraud.
This is good news for game developers who won’t lose out on the crypto money they should earn. At the same time, it helps gamers, as they don’t have to play against cheaters who fraudulently bought power-ups and other in-game enhancements that give them an unfair advantage.
With transactions done via GameCredits, users can choose to be invisible and conduct these transactions anonymously. There are no privacy issues at all, yet the blockchain still provides security. The payment system from GameCredits Inc.
Also dramatically increases the speed of transactions. While a credit card transaction can take as long as 60 days to finish processing, money via GameCredits can exchange hands in just 60 hours. GameCredits (GAME) CRYPTO Benefits. GameCredit Developers’ Benefits By using the GameCredits cryptocurrency (GAME) and the GameCredits platform, two key actors of the gaming industry will get what they want, which the traditional currency and gaming platforms cannot provide. • Developers Blockchain Currency Benefits Although there is some overlap in the benefits for developers and gamers, it makes more sense to look at them separately. Developers will receive their payments more quickly, providing financial security. There are also limitless deposits, so there is no restriction on your revenue potential.
The commission charged by GameCredits Inc. Is also extremely low. Although both Apple and Google Play take 30 percent of your profit, GameCredits Inc. Only takes a third as much, leaving you with 90 percent.
Of course, there is also the lack of worry about fraudulent transactions. Everything is recorded on the blockchain, ensuring security and preventing those fraudulent purchases.
There is also no concern about chargebacks due to the ledger of the blockchain; every transaction is recorded and immutable. Ubiq UBQ Farming Rig. The Big Data tech proprietary to GameCredits Inc. Allows for scalability. The technology can handle tens of millions of users at the same time; it does not limit your growth.
Games that use GameCredits Inc.’s gateway can also take advantage of cross-promotion with other games. • Gamers Blockchain Currency Benefits. GameCredit Gamer’s Benefits The higher deposit limits help developers increase their revenue stream, but they also let gamers spend as much as they want. Many feel frustrated by limits set by other platforms, but you can put as much money as you want into your GameCredits crypto wallet without concern.
Best of all, when you earn credits while playing one game, they are stored in your GameCredits wallet and you can then use them in any other game. All your transactions are anonymous with blockchain security, so there is no concern about privacy. You will also find all purchases to be frictionless, with no need to pause your game to grab your wallet and re-enter credit card information. If you start using GameCredits sooner, you will make a smart investment and get more purchasing power later. This is because there is a limited supply of GameCredits. So, as more developers and gamers adopt it, the demand increases and so does the value.
Total Supply of GameCredits (GAME) GameCredits (GAME) is a clone of LTC and is a mineable cryptocurrency which uses the Scrypt algorithm. Every 1.5 minutes, a GameCredits block is mined, and 25 coins are generated per block reward. The total number of GameCredits to ever be produced is 84 million units. At present, there are 64,355,352 million units in circulation.