YUMERIUM — Open Gaming Platform

cratortouch (31)in #blockchain • 6 years ago

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Yumerium (YUM) is a gaming token that can be earned by playing, sharing and reviewing games and can be spent in any game that supports it. YUM integrates marketing tools such as referral bonuses or bounty campaigns to attract and engage users.

HOW IT WORKS

MARKET OPPORTUNITY

The game industry has grown to an astounding $USD 108.9 billion in revenues in 2017, establishing itself as the primary entertainment force in the world. With continued year-over-year growth, this increasing trend is forecasted to strongly continue. However, most of these increases in revenue are received by only the top companies. In fact, the top 10 companies own 54% of the global gaming market, with number one, Ten-cent, owning 10%. Yumerium aims to give tools to developers of all budgets to reduce marketing costs with minimal development resources and raise player acquisition and retention.

Player Acquisition using Scarcity

Most player acquisition occurs in the first month of a game’s release, this is even more so in single player games. To make matters worse, these games can be incredibly hurt by piracy as well. Yumerium fixes this problem by allowing developers to run a timed campaign, giving players an incentive to buy the game early and get a shot at the prize. This helps the piracy issue by encouraging players to buy the game rather than trying to discourage piracy. This leads to the next logical solution for hackers, instead of hacking the DRM, hack the prize distribution system. On the Yumerium, this is extremely difficult, given that the prize is hosted on the blockchain network, not a proprietary database. Even more so, hackers are disincentive; by the time they can crack the security someone has already claimed the prize.

Token Reward Marketing

Big gaming companies spend a large percentage of their budget in marketing, sometimes up to half the total development costs. This makes marketing difficult for smaller companies to compete, especially considering that marketing impacts game sales 3 times more than game reviews.

Yumerium creates a cheap alternative that does not currently exist in the market today. By giving developers the tools to run their own decentralized prize campaign, they can reduce their marketing costs and use these savings towards the development of the game. This creates an environment where better games are created because great games can be more readily recognized among a sea of mediocre games.

Monetizing Player Retention

With such a competitive market, player retention is key to the success of a long term project. Most of the successful games have been those that can cater to their community. This requires intermittent incentivations to keep player interest, but such campaigns can take up a lot of time and resources. Yumerium adds an additional tools for developers to run token rewards. For example, say a game project requires an upgrade every 2 months to keep their player base from dwindling. This can prove difficult, especially for teams with smaller budgets. Instead, developers can use Yumerium to elongate this development process; instead of making an update every 2 months, have it be every 4 months, but run a Token Reward campaign every 4 months as well, offset by two months. This way, new campaigns and/or updates occur every two months and development costs can be reduced.

OVERVIEW OF YUMERIUM

Blockchain technology is arguably the most exciting technological breakthrough since the Internet. Smart contracts are opening up a new era of gaming by giving gamers a chance to play and win cryptocurrency by participating in games and the gaming community. The game token can be used for buying games or in-game items or other, new games altogether. This will make gamers even more engaged and bring more fun to the gaming experience.

The Yumerium Native Token is a new cryptocurrency powered by blockchain technologies with unique features not found in other smart contracts. Some of these features include YUM Tokens, Token Reward, Limited Copies, Influencer Compensation, and Decentralized Crowdfunding.

YUMERIUM TOKEN

Token Details

• Token Name: Yumerium(YUM)

• Price: 1 YUM = $0.1

• Hard cap for Token Sale: 500,000,000

• Accepted Payment: USD, ETH, BTC

• Country: UK

Token Sales

The total supply of Yumerium will be capped at 633,813,700 at the time of release. To increase the ecosystem, foundation will have a budget of additional 184,461,152 tokens that can be used later.

Token Distribution