Based on the benefits that this ICO (initial coin offering) presents, I am introducing you all to a gaming platform that offers great gaming solutions built on ethereum blockchain technology. The name of this great platform is called GLN which stands for "Game Loot Network).
Overview
Game Loot Network (GLN) is an ethereum blockchain based all-in one gaming platform. More like an app store, Game Loot platform solves the challenges faced by game developers who got great and powerful ideas but lacks the financial buoyancy to launch their apps into the gaming markets. Game Loot Network also solves the issues faced by developers in trying to get players for their online games as users within the network are rewarded by inviting players. Unlike other crypto projects that boasts of what they are not, the Game Loot Network boasts of a working product as an extensive beta testing conducted on the platform yielded 5 million USD in just seven (7) months plus.
GLN Strategy
Launching a game into the gaming crypto market is not really the critical aspect of the venture but launching a game that has all the features and functionalities needed by users is what really matters in ensuring gaming satisfaction by users. In the light of this fact, Game Loot Network has a section of catalogues on the platform where developers who has great ideas can submit their ideas and gaming propositions. backers / investors can then go through the list of submitted ideas on the catalogue and pick a promising gaming project idea that is most suitable with respect to the needs of gamers thereby submitting LOOT tokens as a way to support the launch of the game on the platform. In this way, both the backers who submitted LOOT tokens and the developers will have the possibility of earning recurring income from the game when the launch turns out successful. Upon the full implementation of the platform, games will be downloaded using the LOOT tokens and the Loot Tokens will be valued on the basis of usage of the tokens. Users of the platform can be able to play any games they with the use of LOOT tokens.
Also, with the p2p (peer-to-peer) functionality of ethereum blockchain technology, users on the network can participate in competitive game tournaments with real-life rewards. Unlike the traditional virtual rewards earned for scoring high in game play, all games played on the Game Loot Network shall have real life value and not just a virtual reward.
GLN's Internal Economy
All transactions and activities on the Game Loot Platform shall be carried out using the official cryptocurrency utility coin of the platform called LOOT tokens.
The GLN platform gaming crypto currency fuels every reward program on the platform. LOOT tokens will enable users to be able to participate in tournaments, perform upgrades, earn additional income, participate in online auction bids, etc.
Token / ICO Information
Ticker: LOOT
Platform: Ethereum (ERC20 supported)
Type of token: Utility-token
Soft cap: 5,000,000 USD (fiat)
Country: United States
ICO Token Price: 0.35 USD.
ICO Acceptable Currencies: ETH
Funds Distribution
Out of the total funds generated from the token sales during the on-going ICO, 55% will be spent on operational purposes, 20% of the funds shall be kept aside for taxation offset when the need arise. Also, 15%of the total funds generated shall be for commercializing the Game Loot Network by conducting marketing strategies, community building, as well as support. 10% of the total funds generated shall be reserved for advisors, founders, service providers as well as bounty reward.
Team
The commitment, credibility and competence of the team that makes up a project largely contributes to the overall success of the project. In light of this, I am glad to inform you all that GLN project team is made up of highly competent and experienced industry professionals which shows great auspiciousness for the project.
Conclusion
The GLN (Game Loot Network) is currently performing token sales of her LOOT tokens in order to give room for the general public to participate in this great project as well as garnering additional funds for the full implementation of the GLN platform.
In light of the aforementioned, I strongly recommend every game enthusiast, developer, and investor to participate in the on-going LOOT token sales by buying as many LOOT tokens as possible.
To know more about Game Loot Network and/or how you can purchase her LOOT tokens, kindly visit any of the following links:
WEBSITE |WHITEPAPER |BLOG |TWITTER |FACEBOOK |TELEGRAM |ANN
Article Author
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