Introduction
In this post I will be talking about how the EON Foundation intends to employ the power of blockchain and smart contracts to solve one of the problems associated with traditional gaming as highlighted in my last post.
As already stated, the gaming industry being one of the fastest developing technology sector in the worlds is expected to cross the $200 bn mark by the year 2022. And like in most cases, an healthy market will mean more entrants and this was the case for the gaming industry; so many people joined to partake in the sharing of the big cake of this fast growing sector.
The Problem of Game Distribution
The coming in of many entrants led to stiffer competition. Game developers began struggling to get across to the end users. The competition was so much that making money from your game goes far beyond just developing a good game. There are other factors that the developer must consider and put in place if he or she wishes to profit from the game.
In trying to beat the competition, both small and big game studios began investing massively in promotion. The battle for the target audience led to steady rise in the amount paid as marketing costs. Huge budgets were spent on ad platforms like Google, Facebook, and multi-channel networks.
These games were published on established platforms like Steam, Google, and Apple so users can access and purchase them. While the services provided by many of these publishing platforms were world class, the same same cannot be said of the amount charged for these services. These distribution platforms take as much as 30 percent of the money made from game sales as promotion and marketing fees.
These costs are calculated and included into the price of the game paid by the end users, leading to price increase. Developers are either discouraged by this high cost or the consumers are scared away by the high price tags of these games. In both cases, the developers lose.
These outrageous costs are part of the banes of the gaming industry and if this growing industry is to reach its full potentials and meet the projected targets, then something has to be done to present game developers with the right medium to publish, promote and sell their games at efficient and reasonable costs.
The resolution of this problem that has lingered for years will have revolutionary effects and the impact it will generate will heavily impact the area of game marketing, distribution, etc.
The Solution from EON Foundation
The Eon Foundation, a game distribution network, therefore created the EON decentralized network to help tackle this problem. This network will allow for greater efficiency and wider distribution so that developers can be exposed to more audiences. Developers on the EON Network will also have the added advantage of enjoying 100 percent of their revenue and pay no distribution cost, as against the 30% being charged by the traditional distribution platforms.
By employing the power of blockchain and smart contract, the EON Foundation will create a new and better game distribution network which will be based on a very efficient economic relation: the producer - consumer type. The approach is for EON Foundation to come in with their distribution platform and perform the role of the influencer by staying in between the game developer and the end users and in so doing putting back the producer and the consumer where they are supposed to be: at the core of the economy, and removing the third parties.
The smart contracts employed in the EON Protocol will make it possible for the creation of whole stores and markets without the need for third parties or middle men like the troublesome traditional game publishing platforms.
Stay tuned!
The EON token will be used on this platform. Below is the information on the token:
Token Type: ERC-20
Total Token Supply: 2,100,000,000 (2.1 Billion Tokens)
Total available for sale: 630,000,000 (630 Million Tokens)
Token sale cap: 15,000,000 USD
Token Sale Price: 1 EON = 0.0280 USD
ICO
Hard cap size: 15,000,000 USD (fiat)
Hard cap: 15,000,000 USD
Raised: $ 5,000,000 USD
Links:
Website: https://www.eontoken.io
Whitepaper: https://docsend.com/view/yuhe5nc
Media Channels
Twitter: https://twitter.com/EonToken
Reddit: https://www.reddit.com/r/eontoken
Telegram: https://t.me/eontoken
author :
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