The video game industry has been experiencing a revolution over the past few years, from a “pay-to-play” to “free-to-play” model. And now with the introduction of blockchain technology, it is likely to transform to an upgraded version known as “earn-to-play”.
Yumerium is the pioneer company in this revolution as they are planning to bring the advantages of crypto-currency to the gaming world by enabling players to earn tokens by reviewing, sharing, and playing games. In this article, we will give you an overview of this potential project and latest news about the upcoming ICO.
What is Yumerium?
In general, Yumerium is a gaming platform based on blockchain technology, which will directly connect game developers and gamers. With the help of smart contracts, the company aims at creating a new epoch of earn-to-play model. The players who are the major marketing tools for promoting games and who have not received any benefits from them will now have incentivized bonuses. In other words, the player would play for free and even earn by playing their favorite games. All transactions in Yumerium platform will be performed directly without any intermediary to minimize the fees.
How does Yumerium platform work?
Basically, Yumerium platform will have 4 main uses:
- User engagement and acquisition: Game developers and publishers who register their games on Yumerium platform will receive a specific amount of YUM tokens, which serve as the initial capital for these companies to attract new gamers. In addition, they can use YUM to organize marketing campaigns such as bounty programs or bonuses for the referrals. Compared to standard marketing channels, this is a more cost-effective option for those companies with tight budgets.
To get more YUM tokens, developers must ensure that they attract enough gamers and more importantly, those players must be engaged enough to spend their YUM on in-game currency and items.
- Rewards-based community
In Yumerium platform, gamers can also share their opinions and experiences with other players earn some rewards for it. Thus, they are fairly incentivized fortheir contribution, thereby leading to a more efficient system for viral marketing. This means that game developers and publishers will benefit a lot.
- Crowdfunding platform
The Yumerium platform can also work as a crowdfunding service for game studios and developers. By attracting investors, funds in those campaigns will be collected in YUM and then used for sales or marketing campaigns.
- Decentralized payment gateway
Yumerium platform utilizes the smart contracts and blockchain technology to create a decentralized payment system that can be used to both developers and gamers. Transactions are performed instantly while fees are negligible, which allows everyone to earn more from sales and trades.
YUM tokens and ICO
The major of Yumerium platform are YUM tokens. All of the transactions in this platform will be processed in YUM, along with ETH and BTC later on. Below are some basic facts about the upcoming ICO of YUM tokens:
- Ticker name: YUM
- Token sale: 50 percent
- Advisors and founding team: 20 percent
- Network seeding: 20 percent
- Reserve: 10 percent
- Price: $0.1 per YUM
- Hard cap: 316,906,850 YUM
- Payment method: USD, BTC, ??
- Pre-sale: 22nd, April to 12th, May
- Public sale: 13rd, May to 19th, May
Website: https://www.yumerium.com/tokensales
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