GAMELOOT: INTRODUCING A DECENTRALIZED GAMING PLATFORM FOR AN EFFECT...

THE ADVENT OF THE BLOCKCHAIN TECHNOLOGY

Since the advent of the blockchain technology and cryptocurrency a lot of industries and organizations have keyed into this technology. Several aspects of life and businesses have been introduced into the blockchain technology so as leverage on it’s transparent, immutable and decentralize nature of the blockchain and cryptocurrency. Gaming seems to be one industry that needs this technology the most, for an efficient delivery of their game selection and reward services. Hence the introduction of GAMELOOT using this disruptive technology.

THE GAME INDUSTRY GENERALLY

It might interest you to know that thousands of individuals play games, without Age limits. Young and old, men and women all are into the habit of playing games. Particularly when it comes to making some money while playing the game, it makes it more addictive. The market capitalization of games and gamers increases every year. Considering a prediction by a firm in charge of game market analysis, the international games industry hit a huge market capitalization of $109 billion in 2018/2019, and before 2020, it will get to $128.5 billion , imagine the increase? This goes to show how lucrative the game business is and how much people get involved in gaming.

THE TRADITIONAL ONLINE GAMING

However, since the introduction of online gaming, the use of smart phones, tablets and other devices connected to the internet have made playing of games very easy and fun-filled. Do you know that some people are so addicted to playing games, and some take it as a full time job? According to a game analyst, before the year 2020, those who use their smart phones for playing games will be much more than 50% of all the game markets. This is huge isn’t it? But Game loot has come to add spice to this lucrative industry via the blockchain technology.

You may ask, before the introduction of blockchain technology was there no gaming industries? Were Game producers not developing games? Were people not playing games? The answer is, yes, there were gaming industries and developers, yes, and people were playing Games. But sadly, there are a lot of challenges facing the industry in general ranging from centralize platforms, heavy advertisement fees, inability of game players to get access their choice games per time, opaque and unfair reward system etc. the game markets like Google play store, App stores, apple stores etc are all centralized game stores, meaning there is an authority controlling the uploading of games by developers, selection of games by players and even the reward system.

Basically, in this nature of centralized operations, the developers find it difficult to advertise market and publicize their games due to an expensive cost of doing so. Consequently, they end up dumping an interesting game that would have added value to the game market; this and many more are what GAMELOOT has come to change.

GAME LOOT AS A SOLUTION

Interestingly, with this platform, players can do whatever they want on a $ 7 million entertainment platform built in blockchain. Supported strategically, Game Loot have assembled development partners whose games have more than 100 million total downloads Game Loot has created a Network that hosts an online platform with a lot of gaming resources. Using the blockchain technology Gameloot is set to disrupt the current online gaming industries. GAMELOOT platform will function the same way other game hubs do, but in their case, with the help of the blockchain technology. Users will be able to curate games, and gain access to a wider variety of games, while the developers will have developed games advertise globally via this unique technology. Like an app store, with curated games and features enabled by blockchain technology. The platform is designed to be a global store for all game related activities.

THE OBJECTIVES OF GAMELOOT PLATFORM/GLN

-GAMELOOT is set to revolutionize the publication of games using an integrated crowdfunding

-For game developers, GAMELOOT will help provide fund and resources

Users of the GAMELOOT platform will be able to curate games and gain access to lager different varieties of games.

GAMELOOT will provide a de centralized platform where game developers and gamers will make some money. Users offer Loot tokens to sponsor promising projects.

-The Decentralize and open ledger platform will enable the tracing of the activities of users on the platform.

-GAMELOOT platform is designed in such a way that Independent artists reduce expenses, and players earn income from games they contribute in developing.

-ON the platform, holders will receive some percentage of funds generated from the platform as an interest for holding LOOTS.

-the GAMELOOT platform makes it easy for game developers to advertise and promote and publish their games to the world through the platform at a minimal cost. While game players will be rewarded transparently without cheating as well as play their desired games at low cost or free

USES OF THE GAMELOOT TOKEN (LOOT)

GAMELOOT has created LOOT as the official token of the platform with a maximum supply of 600,000,000.00. Since it’s built on the ethereum blockchain there won’t be mining and no other LOOT will be created. Also, to increase the value of the loot tokens for the benefit of investors, the maximum supply might reduce, as the left over tokens after the public sales will all be burnt.

LOOT token will be used for all the activities on the platform, including but not limited to:

-payment for rewards on the platform.

-Users use it sponsor promising games on the platform

-There will be competitions organized on the platform and winners will receive Loot prize pools

-Payments as incentives on GAMELOOT platform will be done using LOOT

GAMELOOT going global

For clearer and self explanatory information on everything you need to know about GAMELOOT and LOOT token Sales, please take out time to go through GAMELOOT whitepaper (https://0ed5f89f718b.dev.daviann.com/assets/documents/gameloot-whitepaper.pdf). The information on the website will also help you (https://gamelootnetwork.com/). This is one project no one should miss.

As I conclude, permit me to say here that, GAMELOOT is the first gaming project on the blockhchain technology with such great potentials, with their unique technology of the blockchain technology and the smart contract in place, there is no doubt whatsoever, that GAMELOOT is bringing a paradigm shift in the game industry.

GAMELOOT is made of highly reputable and experienced team members who are capable of delivering the objectives of this great project. below are the pictures of some of them: