STEEM Nation: Should you invest in GameCredits(GAME)
Welcome to steem Nation! Today let's talk GameCredits !
GameCredits (GAME)
Should you invest ? I'd argue yes, it is worth the hype. Game is launching a mobile app for android in about a month with around 300 games on it. There are expected to be over 1000 games in the mobile store by the end of the year, though they emphasis quality not quantity. GameCredits will be the means of payment within the store as well as for in-game items.
When gamers buy games and items in the store, the GameCredits are sent to the developers, who then decide what to do with them. The buying of the games creates upward pressure on the price because the store is connected to the GAME exchanges and a game purchase in the store creates a buy order on an exchange, forcing up the price.
Developers get the bonus that they earn a larger percentage from the GameCredits store than the Google play store or the Apple store. I think the Gamecredits store takes a 10% cut vs 30% in those two major stores. The games will also be added to the store much more quickly and payouts made more frequently than with Google play and Apple.
The GameCredits store will be competing with Google Play and Apple. In China there are hundreds of third party gaming apps, proving the model works there. The team is working to attack this market and also will promote in countries around the world.
The MobileGo ICO is approaching, starting on April 25th and half of the funds raised will go towards marketing the GameCredits store. I read somewhere that they calculated that the cost of acquisition of a gamer is something around $3. So if they raise say, $15 million, $7.5 million will go to marketing and 2.5 million gamers will be acquired. Each gamer spends on average around $5 (they have the exact numbers in a spread sheet somewhere) so there will soon be millions of dollars being spent on buying gamecredits within the gamecredits store, forcing the price to skyrocket. Mobilego will enhance the Gamecredits store with new features like smart contracts enabling P2P gaming tournaments.
As to your question about not wanting to spend relatively large amounts on items. That is fair enough but its about sheer numbers of gamers rather than expecting them to all spend a lot. All gamers need to do for this to work very well is to spend the average amount, which the team as calculated.
Thanks for reading!
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" sometime later this month or early may they will release a android mobile app. Since mobile gaming has become very popular and the fact they launch with 300 games, I expect it to do very well."
Oh yeah, that's the reason to invest? What the hell? To say the least, I'm not convinced.
Oh crap the rest of my article didn't post hold on I'll grab some info for you I'm going to have to edit this post, this is what I get for posting at work lol
Hah, ok.
All fixed I publish the unfinished draft I had with the images in place . I hope you enjoy
Alright, yeah, that's a lot better. I appreciate the full writeup.
My thoughts are - This sounds too specific and centralized to me. feels more like a business proposal for a gaming platform, rather than a decentralized blockchain solution aimed at helping game developers. I'm more interested in LBRY, which is a broader solution with NO fees at all and much more decentralized.
I've heard of LBRY, haven't read up on it yet. Can you shed some light on LBRY for me ? I'm definitely looking forward to hearing about more altcoins !
LBRY is a blockchain project that basically combines YouTube and BitTorrent - content creators put up their content, charge a fee of their choice (for example 1 cent per view), and it all happens with LBRY tokens on the chain. Users can earn money by hosting content, creating content, or mining blocks.
You can get a better sense of it over at their FAQ - https://lbry.io/faq
I don't think it is perfect for gaming - it's more for books, music, videos, and other static content. But it's an interesting model - and I'd like to see a gaming blockchain platform more in THAT vein, with less centralization.
If you want to give them your email for beta access in the next few weeks, I guess I'll go ahead and leave my referral link here: https://lbry.io/get?r=zfSjN
Thanks I'll definitely go check that out ! Thanks for the referral
Interesting... :) Thank you!
Resteemed ~ ~ Bright Blessings!
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https://steemit.com/ico/@maxtill94/nevedie-ico-full-analysus-why-you-should-buy-neverdie-coin-gaming-cryptocurrency-coin-comparision-with-gamecredit-mobilego-first
Solid blog. Thanks for bringing this to our attention. Buy and hold for the upcoming 2 to 5 years and the market will find it's way. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). Do you know this interesting site? https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. Check for example: https://www.coincheckup.com/coins/MobileGo#analysis To see the: MobileGo Investment and research analysis.