For many, mining Cryptocurrencies may seem like an overwhelming and all round too-technical concept. Naturally this puts many who feel technically disadvantaged in a difficult position; they want in on the cryptocurrency trend but feel alienated from the trend. That’s why Electroneum have outlined an easier option for everyone, through gaming. Electroneum plans to change the way gamers and game companies work together during the constant migration of gamers based on trends and what’s new. Think back to apps like Pokemon-Go or flappy bird, it’s been proven that retention rate of online games remains at just 20% after the first initial 30 days. With gamers seeking so many new and exciting gaming possibilities, these games rely on virtual currencies which can be seen as “in-play” store of value-What Electroneum hopes futuristically to achieve, is to potentially allow gamers to transfer their hard work from one game to another by enabling them to monetise their “in-play” virtual currencies.
Achieving this involves game companies backing- in terms of supporting the currency on its platform which becomes a business incentive in various ways!
-It offers a new entry and exit revenue stream
-Access to new players who are searching for a market in which to spend their coins
-Publicity as the first adopters stand to gain huge publicity for taking steps to bring virtual currencies into the real world.
Over the last twenty odd years gaming as an industry has grown exponentially in both Capital and popularity amongst the masses. At the end of 2016 Block-chain industry (cryptocurrency) had reached around $90 billion, just $9 billion behind the gaming industry! With gaming taking place online more each day, Block-chain technology has the potential to impact the market significantly whether through the use of digital coins or tokens as a way to purchase features and upgrades “In-Game”-or using Block-chain-based applications to create gaming stores or even play games directly. The potential is infinite, and the investment? Unmissable potential!
But if you need more proof then look no further than the online successes of DigiByte and GameCredits; In the past year, these two cryptocurrencies have experienced large growth extending to both its capital and price-Both coins are available for “in-game” trade on exchanges like Poloniex and Bittrex; creating influential paths into the gaming community- DigiByte saw a 4,000% surge in price growth simply down to a rumour! Whereas GameCredits has seen a 300% rise in price with its gaming store seen to be rivalling Google play in terms of purchases and downloads. It’s simple to see how crypto currencies and block-chain technology have the potential to dominate the game industry. That’s why Electroneum has focused its research and attention on this huge potential market for the use of Electroneum. The speed of its market penetration into each of these will depend largely on the funds raised in the Crowdsale ICO which is why it represents such a great investment! For more information, how you can get involved, visit the Electroneum website here; http://electroneum.com/
