Guess the coin!
Can you guess what the coin is? Read about its information then take a guess. Can you guess what it is? And what do you think about the coin?
I will reveal the coin next week.
Netflix for games
PROBLEM:
Gamers need to spend thousands of dollars on new consoles. Game producers can’t reach players that do not upgrade their hardware.
SOLUTION:
Cloud gaming. It is similar to Netflix - you sign up, pay a fixed fee, and choose games to play on your device. Players can stream and play games even if their computers are not fast enough for the game by renting GPU via blockchain for a small fee. Gamers don’t need to buy expensive hardware consoles to play the latest games and game producers can reach more audience. Miners (GPU owners) will get paid via a token, thus making this a utility token and not a security. This could benefit PC cafe owners as they can earn money for idling computers.
TOKEN:
-Supply: 100,000,000 tokens
-Price: 1 ETH = 250 tokens
-Discount: Up to 35% for early large investors and 15% for early investors
-Distribution: 60% sale, 20% team, 12.% Foundation, 6% advisers, 1.5% bounty
-Availability: 10% after 1 year, 30% after 2 years, 60% after 3 years
-Burn: Yes, unsold tokens will be destroyed
At current price of $324 per Eth, each token is worth $1.3. Halfway into ICO(11/16), approximately 8 million token has been sold. Assuming that number doubles and the remaining tokens get burned, 16 million circulating supply currently gives us $20 million market cap for this token. It's also worth noting that it will take 3 years to get coins for founders instead of 1.
TEAM
The 3 co-founders have been developing the product since 2012 and began monetizing in 2015. There are several well-known figures in the gaming industry as advisors and most of their Linkedin and social media presence reflect involvement with the team.
PARTNERS/SPONSORS
LG will offer the company’s service via Smart TV
Partners: Intel, Amazon, Capcom, Sega, Ubisoft, Nvidia, Mellanox, G-core Labs, SuperMicro
THE GOOD, THE BAD
The Good
Gamers can save money and game producers can reach more audience. The coin has already made deals with Cryptopia and Coinlink for listing and the team is in talks with Bittrex. The company is already generating revnue with over 100,000 paying users (~$10 million). The company owns and leases Nvidia Grid powered servers in Frankfrut, London, Netherlands, and Moscow.
The Bad
Players are required to have fast internet connection. The company needs enough miners in strategic locations to scale globally. Internet speed and connection will be the biggest challenge, so the company will need to strategically target regions with fast internet such as asia, where e-sports is popular.
So?
The coin distribution and ICO have been done fairly that the public could have participated at all stages. Cloud gaming industry market size is over $660 million and expected to be over a billion in 3 years. The company is not new in the industry and has been growing. Blockchain will be used to help the company scale faster through enhancing efficiency. Internet and telecommunication companies can be the bottleneck. But it has partnerships with many large firms that could help it scale.
