The future of gaming
cryptocurrency
Online gaming is one of the most flourishing and stable segments in the technology sphere, supported by a loyal audience of gamers and the spreading of mobile technologies, along with the worldwide expansion of high-speed Internet connection. The two last factors also work towards the developing of digital economy, and especially, of virtual currency market. Virtual currencies have already taken 0,1% of the world’s global money transactions and this really means a lot.
Bitcoin Crown will be the largest gaming community creation platform online:
● 250,000 gaming communities across thousands of games worldwide
● 20 million registered gamers
● Launched in 2017, based in UK
● 70M global views per month
● Gaming focused Content Management System and Forum creator
● Millions of USD per month in virtual goods sales across BTCC community stores
Bitcoin Crown is introducing BTCC a new cryptocurrency (ERC-20 Token) and smart contract platform that gives game developers, content creators and gaming communities the required cryptobacked value and tools for implementing and managing virtual goods. The Bitcoin Crown platform will have full support for these tokens in the next 6 months.
Bitcoin Crown will develop a powerful framework of open-source software development kits (SDKs), wallets, game plugins, virtual item management apps and a payment gateway platform.
Join us in launching the most usable cryptocurrency for gaming!
Purpose
● Virtual Goods on the Blockchain
A decentralized platform to manage, distribute, and trade virtual goods. Giving Gamers and content creators a new model of virtual ownership.
● The first easy to use Gaming Cryptocurrency
BTCC Coin is the first cryptocurrency with an authentic purpose for online gamers. Earn and trade virtual goods in the most popular gaming community creation platform online.
● SDKs for the Game Industry
BTCC Coin platform is made for the game industry. SDKs for multiple languages, wallets and payment platforms will be available and completely open-source.
● A new gaming experience with real ownership & value
Online gamers can bring or trade their assets from game to game, community to community, growing their digital wallet with real value as they play.
● A solution to Fraud & High Fees
For every legitimate virtual item purchase 75% items are lost to fraud. BTCC Coin minted Tokens will create trust and security with minimal transaction fees.
Backed by Communities & Creators
● Millions of engaged gamers
BTCC’s millions of highly engaged users socialize and work together to create unique communities, game content, and virtual economies. By providing the tools they need, BTCC empowers these creators to monetize their content.
● Game value & content creation
Sandbox games, such as Minecraft, are the most popular games online. Using BTCC Coin we will promote a culture of passion, collaboration, and pride by giving players more control over their
game content. Players that feel valued will keep coming back, and increase revenue and engagement for publishers and content makers.
● BitCoin Crown adopts BTCC Coin
BTCC is uniquely positioned in the virtual goods market to promote and establish a Cryptocurrency. We give gamers, communities and game creators high quality tools for monetizing their gaming world.
Challenges
● Payment Fraud
It is estimated that for every legitimate virtual purchase made, there are 75% virtual items lost to fraud, Assets stored and managed online can be open to manipulation or chargebacks. Merchants have to deal with extra burdens, and scammers damage the game's reputation.
● High Fees and Slow Transactions
Game publishers and communities rely on third-party platforms to process virtual goods transactions. Gamers encounter slowness, opaque fund flow, and high transaction fees.
● Lack of True Ownership & Rarity
Virtual items are, in-essence, licensed to the gamer and are often only available for use on their proprietary platforms. At times they can be manipulated, lost, or taken back with little recourse for the user. Genuine transparency is missing.
● Locked in and Centralized
Digital items and currencies are usually locked to a single game and not transferable. Trading items outside of the game environment is cumbersome and difficult. If a player gets banned, they can lose all of their items and currency.
● No open standards
There are currently no widely-accepted standards for decentralized currencies and assets in games. The user experience is often an afterthought, so users don't know what to expect.
● Expensive & time-consuming
Developing a platform for managing virtual goods is time-consuming and costly. The complexity of managing a virtual economy on proprietary infrastructure delays time to market. Security concerns introduce a further set of difficulties.
● Lack of value gamification
Value based gamification features are lacking in content management systems and forum software. Users do not get rewarded in real world value for participation or contribution.
Solutions
BTCC will develop tools that enable game publishers, game servers, and communities to manage virtual goods and in-game items across multiple platforms. Monetization using BTCC Coin will be a key focus with robust features and toolsets provided. Great benefits will be gained by utilizing a decentralized platform and the supporting frameworks.
Benefits for Communities
● Gamify your website and mobile community with custom BTCC Coins
● Increase user participation and contribution on forums and walls.
● Automate rewards and setup a variety of condition based triggers.
● Tie-in your community rewards with in-game goods on servers or games.
Benefits for Game Publishers / Content Creators
● Create new tokens to represent virtual currencies, game items, or privileges.
● Create and manage virtual goods programmatically or via an app.
● Create time limited or subscription based virtual goods.
● Mint non-fungible items or special edition items.
● Setup a virtual goods store.
● Run a decentralized payment gateway with no middle-man.
● Transparent transactions. Setup reports and commission systems.
● No fraud, chargebacks, or cancellations.
● Minimal fees for blockchain transactions and no commission fees.
● Open-source suite of APIs and SDKs for every popular platform and engine.
● Smart wallets that facilitate easy automatic payments from users.
● Easily setup a site and mobile community with full virtual goods integration.
Benefits for Gamers
● Buy & sell items with no risk of fraud.
● Trade between gaming items from different games using Bancor for liquidity
● Take your currency with you across any community or game and retain value.
● Own valuable currency and rare items that can never be taken away.
● Use BTCC’s marketplace and social network to find and trade game items.
● Earn BTCC coins playing games.
● Convert custom virtual goods directly back to BTCC Coins and retain value.
● Earn coins by participating in communities and posting on forums.
● Buy in-game items on thousands of game servers and games that support BTCC.
● Prove ownership of items by showing them off in website widgets.
Global Gaming Market
● The global gaming market is experiencing explosive growth, reaching US$108.9BN in 2017 and a projected US$128.5BN by 2020.
Bitcoin Crown is headquartered in UK, providing the perfect springboard to further target the Chinese, Japanese and Korean markets. 58% of the growth in 2016 came from Asia-Pacific countries.
Initial Target Audience
● Minecraft is one of the most popular video games in the world, with over 55 million monthly players. BTCC is in a unique position because of our large existing Minecraft user-base. The Unity game has a combined 770 million users across all games, and 34% of top 1000 free mobile games are made with Unity. This along with Unity's strong presence in Indie games is why BTCC Coin will be developing a Unity SDK early.
Virtual Goods market
● It’s estimated that, the overall value of the Global Social Gaming market by 2019, is to reach US$17.4BN. Virtual goods, advertisements, and lead generation offers are the main revenue generation sources of the global social gaming market. Among these, the virtual goods segment is likely to expand the fastest at a compound annual growth rate of 15.20% over the forecast period.
Bitcoin Crown Coin Adoption
● Coins to Community Owners
6 months following the BTCC Coin Crowdsale and the deployment of the wallet and core BTCC features, coins will slowly be released to approximately 30,000 verified gaming communities on BTCC.
The amount of coins each community receives will be calculated based on their previous store volume sales, member count, audience visits and various website activity metrics.
● Adoption Bounty Program
An Early Adoption Bounty program will be put in place for any game, server, or community that begins utilization of the BTCC coin with a verified history of monetizing game content.
We anticipate huge demand in BTCC Coins as we roll our BTCC CMS integration features out to communities.
BTCC will be partnering with game developers and popular game servers of 20,000 players or higher to distribute BTCC Coins as part of bundles, in-game tournament prizes or subscription bonuses.
Platform Features
● Technical Considerations
Today's gamers and website users demand fast and snappy user interfaces.
The Ethereum network is currently limited in throughput because it has an average block time of 17 seconds (potentially up to 30 seconds).
Future updates to Ethereum aim to improve block times to 3 seconds18 (Casper) and allow transfers within milliseconds19 (Raiden).
Both of these updates are planned for late 2017 to early 2018. As the standard block times may impose some delays, we will achieve a modern responsive experience by using off-chain notifications.
Trusted Platforms will send an instant notification to the user's Smart Wallet for each Transaction Request. When the transaction is accepted by the user and created on the blockchain, the wallet will call the Trusted Platform API with the transaction to watch. The game or website can then be updated immediately with a placeholder item or non-tradeable version of the asset until enough
confirmations are reached to allow full ownership of the item. In the case of in-game currencies, the user's balance would immediately update in the game but any unconfirmed portions would be locked from spending until the appropriate numbers of confirmations are reached on the blockchain.
The BTCC Coin SDK will display confirmed and unconfirmed balances when listing BTCC and custom assets, to make implementation easy and clear. After Raiden and Casper updates are deployed on the Ethereum Network, these safeguard measures will eventually become imperceptible.
BTCC will be testing the Raiden Network for lightning-fast asset confirmation speeds as soon as the Developer and minimum viable product (MVP) releases are completed, later this year.
Token
We will deploy BTCC Coin and virtual assets as ERC20 tokens on the Ethereum network.
Ethereum is the most popular and widely supported smart contract blockchain, with a huge development community and robust language support. We believe it has a strong future in game development and in creating the new decentralized internet.
A collection of smart contracts will provide core functionality on the blockchain: The Mint, Payment Gateway Contract, Smart Wallet Contract, subscription Contract, Custom Coin Registry and Top List Contracts.
● Public API
BTCC will host a public Platform API using the JSON-RPC protocol with methods for checking account balances and accessing each of the above smart contracts. This will allow websites to display data to internet users without requiring a web wallet extension installed in the web browser.
● Create & Manage Virtual Goods
Games and communities can mint unique ingame items, currencies, and privilege tokens using BTCC Coins as the parent currency. These assets can be converted back into BTCC Coins by anyone holding them, at the original exchange rate which they were minted.
● Minting Custom Coins
Web, Mobile App and API-based user interfaces to the Mint smart contract will be developed to make asset creation and management a simple process.
The following parameters define a new custom asset: ● Name ● Icon ● Maximum Supply
● Decimal Places ● Exchange Rate ● Access List ● Data
Once created, a Mint smart contract will be cloned and registered in the singleton Registry smart contract, which will allow custom assets to be recognized by all Smart Wallets. The custom asset may now be minted by anyone in the Access List by sending BTCC Coins to the new Mint smart contract. The Name, Icon and Access List properties may be updated at any time by the Mint contract owner.
● Exchanging Coins
The Mint contract stores all BTCC coins used to mint each unit of a Custom Coin. BTCC wallets provide an interface to exchange Custom Coins back to BTCC Coins that are contained in the Mint contract. This provides liquidity and the option of backing custom assets with a known BTCC value.
Economically, any custom assets created with BTCC will decrease the number of BTC in circulation, preserving and increasing the value of the BTCC ecosystem over the long term. Custom Coins that gain their own intrinsic value inside the gaming ecosystem will be held and traded further by the community, while others could be traded back to regain their original BTCC Coin value - giving all users easy liquidity.
● Custom Coins as game items
The same mechanism for minting Custom Coins may be used to represent unique game items. In this scenario, BTCC coins would be used to mint one or more Custom Coins representing a game item that has value tied to it.
Token Crowdsale
Allocation
Only 70 Million BTCC tokens will ever be created. Among them 20 Million will be send as bonus tokens. The BTCC tokens are intended to be allocated as follows:
60% (30,000,000) to be sold by BTCC to Crowdsale purchasers minus any bonuses applied in the Crowdsale Period.
20% (10,000,000) reserved by the Company to incentivize community, beta testers, marketing and strategic partners.
20% (10,000,000) to be distributed by the Company to the BTCC Coin Team and Advisors.
Unsold Tokens & Team Vesting ● Any unsold tokens in Crowdsale will be burned. ● Team tokens are locked for the first 6 months, and will be vested over a period of 24 months total. Team members will be transferred 25% of their tokens after 6 months, and then 12.5% every 3 months afterward. The team list may be updated during the 24 month vesting period. ● Advisor tokens are locked for 2 months and distributed fully.
Crowdsale Start and End Date The crowdsale will begin at 5 a.m. PDT March 25, 2018 (the “Launch Date”) and end at 11:59 p.m. PDT on April 30, 2018 or when sold out. Check the official website: www.bitcoincrowncoin.com for further information.
How can I participate? Detailed instructions along with the contribution address will be posted on the official website: www.bitcoincrowncoin.com
How are funds secured? All funds collected during the crowdsale will be deposited in a secure multi-sig wallet. Keys will be held by Executive Directors of Bitcoin Crown Ltd. making it so that all outgoing transactions have to be verified by multiple parties. The crowdsale smart contract code on BTCC’s GitHub will be public and available for audit by anyone.
● ETH exchange rates are subject to change without notice prior to the start of the public crowdsale. Once the public crowdsale starts the exchange rate will be locked.
● The prices for the presale are not subject to change and will remain the same and have no effect on the public crowdsale.
Funding Allocation All funds contributed in the Crowdsale will be used solely for the development, promotion, and growth of BTCC Coin Platform. Below are the preliminary allocation and the distribution and may be subject to change.
50% Development This refers to the development and operational costs of all technology described in this whitepaper, including smart contracts, wallets, SDKs, APIs, game plugins, third party plugins, and any other BTCC Coin-related updates. This will also cover hiring additional full-time developers and consultants to accelerate development so that we meet or exceed the roadmap goals and expansion goals.
30% Marketing & Growth The marketing budget allows for a constant and relentless promotion of BTCC Coin to gamers in multiple target countries and gaming segments. This will be used for video and in-game advertising, promotional events & tournaments, sponsorships, mobile & social media ads, and liasoning with studios.
5% Security We are taking the necessary steps to ensure that optimal security standards are followed in every release. This includes professional code audits and penetration testing on all APIs, smart contracts, Mobile and PC wallets, plugins and SDKs.
5% Legal BTCC will obtain the appropriate legal advice to always ensure that we operate in accordance with the laws and regulations of each jurisdiction that we do business in. Funds will be held in reserve for any future issues or challenges that may arise in any region.
5% Hosting & Infrastructure This will cover a minimum of 5 years of increased costs required for expansion of the web servers, firewalls, load balancers, DDOS protection and network for anticipated increases in Traffic to the web platform and public JSON-RPC API.
5% Contingency This amount will be set aside for unforeseen costs.
Roadmap
April 2018 BTCC Token Crowdsale http://www.bitcoincrowncoin.com
Q2 2018 Core Smart Contracts Platform API Mobile Smart Wallet (Core features) Minecraft Plugin Java SDK
Q3 2018 C# SDK Unity SDK Unturned Plugin Mobile Smart Wallet Updates PC Smart Wallet BTCC Store Modules BTCC Automations BTCC Forum Integration Token Manager
Q4 2018 Unreal Development Kit iOS Swift SDK Android SDK Virtual Item Trading System PHP SDK
Q1 2019 BTCC Mobile App Payment Gateway Contract Payment Gateway Framework
Q2 2019 Subscriptions TopList Contract & UI BTCC Coin Community App
Visit Bitcoin Crown on
• BTCC Website : http://www.bitcoincrowncoin.com
• Twitter : https://twitter.com/BtcCrown
• Telegram : https://t.me/bitcoincrown
• Bitcointalk : https://bitcointalk.org/index.php?topic=3194641
• Reddit : https://redd.it/86zr0r
• Facebook : https://www.facebook.com/BitCoinCrownofficial
• GitHub : https://github.com/Bitcoincrown
• YouTube : https://www.youtube.com/channel/UCRmFW2y8jjp6pXn6kLSGPzQ
author: Gelogelo
Bitcointalk:https://bitcointalk.org/index.php?action=profile;u=1855756
Such a great idea this ICO has. Hope your ICO would also be handled by Crowdcreate (www.crowdcreate.us) They are the one who handled my project before.