In the past decade, the Gaming industry is always a thriving industry, and have become a multi-billion US Dollar industry. This is one of many industries that have the potential to grow in the nearby future when the people’s needs of entertaining are increasing rapidly.
In the recent years, with the development of Blockchain technology, it is increasingly well-known and have been intergrated in diffenrence types of industries. Outstanding in all of that is the use of this technology in Gaming industry.
BitGuild is a project created to co-ordinate the gaming platform with Blockchain. Bitguild is the answer, a potential solution to the problems of the Gaming industry.
WHAT IS THE PROBLEMS OF THE GAMING INDUSRTY? AND HOW CAN BITGUILD HELP ?
First, we have to understand the problems in the Gaming industry. When referring to a game, we have to mention about the game’s character, the trophies we’ve collected and the digital assets we’ve owned. Players don’t have the real ownership of their digital assets in the game. Because all of the players’s assets are stored in the company server, so the company have full control. Another problem is that games nowaday are often distributed by region and by host server, which is mean that it reduces the interaction between players. The purchasing of digital items usually at a small price; so payment made via banks and credit cards becomes quite expensive, and contains some risks. And then there are risks of being hacked, causing imbalance in games.
This is where BitGuild come in. BitGuild brings to us a great solution. BitGuild is a new and innovative gaming platform that offers players an exciting experience through the useful features of Blockchain technology. Thanks to Blockchain technology, Bitguild wants to cut down on payment costs, reduce fraud and hack, and increase players interaction with each other. One of the main advantages of Bitguild is that it gives players “real ownership” of the characters and assets ingame. Bitguild also provides players with a global entertainment experience, collaborate and compete with friends from all around the world.
THE BITGUILD ECOSYSTEM
The BitGuild ecosystem is expected to consist of six major components:
+ Gaming Platform: This is the platform that allows Bitguild and its partners to release games.
+ BitGuild Wallet: Bitguild allows users to store PLAT, ETH and other ERC20 currencies, and these assets will be displayed under PLAT.
+ Marketplace: This is a trading platform that allows players to exchange digital assets and purchase them with PLAT.
+ Transactions: Players can easily buy games, PLAT, and other content without any fees
+ Community: The Bitguild gaming community will be international, not narrow in one the region.
+ Design House: This is where DEVs will be able to crowdsource game funding, game design and game content transparently by utilizing PLAT.
ICO SALE
Token : PLAT
Price : 1 ETH = 80,000 PLAT
Total supply : 10,000,000,000 (10 billion)
Total token for sale : 45% of total supply
Platform : Ethereum
Accepting : ETH
Minimum investment : 0.5 ETH
Maximum Investment : 1,500 ETH
Hard cap: 14,062.5 ETH
Country : Cayman Islands
Whitelist/KYC : KYC & Whitelist
Restricted areas: USA, China
BITGUILD’S DEVELOPMENT TEAM
The project was developed by a team of people with decades of experience in the field of games, programming, Blockchain.
- Jared Psigoda (CEO) — Founder of BitGuild. Before that he was a co-founder and CEO of Reality Squared Games (R2Games), a well-developed gaming company in China; he also founded Livestar, a company that specializes in live streaming and other social media apps. He was recognized as the first foreigner to be in the top “30 under 30” by the Forbes China in 2014.
- Curtis Chiu (COO) — With nearly two decades of experience in the Gaming Industry, Curtis have acquired multiple skillset like development, publishing and operations. He has worked with a lot of top gaming company across the US and Asia as an executive producer and product manager such as Kabam, Outspark, Sega, and Konami. Before coming to BitGuild, Curtis was the COO of Livestar.
- Mikhail Larionov (CTO) — Mikhail is a full-stack product and engineering leader, with his experience from over a decade of working in gaming and cryptocurrencies. Before becoming a member of BitGuild, he led the Messenger Platform engineering team at Facebook. He had also worked at Walt Disney Company as a product lead for their games. In addition, he has programmed and released his own decentralized exchange (DEX).
In addition to the main members of the group, we also see the advice from many well-known advisors in the field of investment, games and cryptocurrencies, including members such as Brock Pierce, founder of IGE and IMI; co-founder of Blockchain Capital, Block.one; a chairman at the Bitcoin foundation. Justin Sun, founder of TRON; previously served as the Chief Representative in Greater China for Ripple Labs; was listed on the Forbes 30 under 30 list three times between 2015 and 2017. Kevin Chou, the chairman and co-founder of KSV eSports; was CEO and co-founder of Kabam.
Through analysis we can see that the project development team is quite strong in all aspects of gaming, business development, cryptocurrencies.
PROJECT EVALUATION
- Strength of the project :
+ The project targets the potential gaming market with a growth rate of over 10% a year.
+ The idea of the project is quite good to address the current problems of the game industry related to fraud and payment costs.
+ The development team and the team are all very experienced in the field of gaming and Blockchain technology. This partly confirms the possibility of the project. Especially the advisory team has great influence in the field of cryptocurrencies.
+ The project has a clear development path, with a modest capital call without too much bonus during the presale period, which avoids post — ICO discharge.
+ The current project has 11853 members in the telegram, and has 10,000 followers on Twitter. It currently have gathered more than 30,000 ETH.
- Weakness of the project :
+ The gaming market with fierce competition from major rivals will become a hindrance to BitGuild.
+ The project is built on ETH platform. So it will be greatly affected by the scalability of ETH.
CONCLUSION
With a strong, experienced, enthusiastic and highly skilled team, plus a strong development path, BitGuild promises to be a bright spot in this multi-billion industry. The combination of unique features, the transparency of Blockchain technology and the vast gaming market all across the world will bring BitGuild to a higher level, surpassing its biggest rivals and become a huge success.
For More Information, Please Visit:
Website: https://www.bitguild.io
Whitepaper: https://www.bitguild.io/assets/bitguild-whitepaper-v0.72-en.pdf
Bitcoin talk: https://bitcointalk.org/index.php?topic=3090005
Twitter: https://twitter.com/BitGuildPLAT
Telegram: https://t.me/joinchat/HtbMeE8YtEEDQExesDQgPg
Author
Bitcointalk Username: Donmase
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1236591