welcome everyone on my blog! Today I will talk about a very exciting project. We will discuss how gamelootnetwork is implementing blockchain technologies in a decentralized industry, and we will also talk in detail about the details of the ICO.
What Is Game Loot Network Platform?
The main difference that this platform has from any others that you can find online is that this one has its own native cryptocurrency called LOOT. By using this utility token you can get rewards that you can use in and outside of the games offered by the company, which makes it a decentralized platform for gaming.
The company also has e-sport tournaments that have prizes in LOOT tokens. The LOOT tokens can be exchanged by real money or used on the games to obtain prizes.
Game Loot Network tries to differentiate itself from the competition by using a real currency instead of scores or empty achievements. You play the games and you are rewarded with something real. The games will be curated by users just like Steam so you will always have access to the best and more suitable options for you while you play on the platform.
Crowdfunding On The Game Loot Network
Developers will be able to use the LOOT tokens to crowdfund the release of their next games by using the Game Loot Network. The LOOT tokens will be given by users who believe in the potential of these games.
After the games have been launched on the platform, the investors will be able to receive a fair share of the revenue generated by the title on the platform, which can create a sustainable model of funding games in the Game Loot Network.
UTILITY-TOKEN: LOOT
Cryptocurrencies area unit digital coins which might be changed for order, or any currency issued by individual governments. Cryptocoins permit entities, like GLN, to pay a worldwide audience instantly while not combatting the fees and time concerned in currency exchange.
In order to reward user engagement, Game Loot Network™ created their own utility-token, ‘LOOT’. The currency permits specific interactions on the Network to trigger crypto coin allotments. The blockchain’s network tracks these engagements and rewards LOOT to users United Nations agency complete worthy actions like winning a play tournament or tempting an acquaintance.
MISSION STATEMENT
Just as Gameloot Network has the interest of the people in mind the same thing is applicable to the token. As a utility-token, LOOT will have multi-functionality specific to the world, its purpose is to satisfy and provide the services that the world need. The diagram below illustrates a little of what am saying.
TOKEN SALE
The project will begin on two type of sales which is the Private and public sales which have a different aim. The first is to hit the soft cap and the other is to hit the hardcap of the sales. If the hardcap is not being covered it will also conduct an additional token sale to cover up the rest. The token sales will officially start from the 29th of May 2018 and it will last for 230days, except the hard cap is being covered on the way.
Name of the token – LOOT
The cost of the token is 0.35 $ USD
Soft CAP – 50,000,000.00 $ USD
Hard CAP – 75,000,000.00 $ USD
Total volume of issued tokens – 600,000,000 LOOT
CONCLUSION
In all ratification, the game loot network purpose is to offers a working item, playable diversions on their stage, and has experienced broad beta-testing. Presently with the presentation of digital currency, LOOT positions to upset and perpetually adjust the gaming business.
Not withstanding; The LOOT token goes about as the utile digital money of a dynamic biological system. Its utilization cases undergird each part of the GLN economy. Gamers will buy in-amusement updates, engineers will subsidize enthusiasm ventures, and crypto aficionados can hold a token with real utility.
For more information, please visit the link below:
Author: anisah fitri
Website : https://gamelootnetwork.com/
Facebook : https://www.facebook.com/gamelootnetwork/
Twitter : https://twitter.com/gamelootnetwork
Telegram: https://t.me/gamelootnetwork_ico
Ann Thread : https://bitcointalk.org/index.php?topic=3180001.0
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1870804
mytherwallet: 0xd683D30EF6322AaCe8BAf6CB7cb5a93853ac0B51
