Bitcoin Crown - Smart Cryptocurrency For Gaming World

ICO stands for Initial Coin Offering. This means that someone offers investors some new cryptocurrency units or crypto-tokens in exchange against cryptocurrencies such as Bitcoin or Ethereum. Since 2013 ICO is often used to finance the development of new cryptocurrency. Pre-made tokens can be easily sold and traded on all cryptocurrency exchanges if there is a request for them.

With the success of Ethereum ICO is increasingly being used to fund the development of crypto projects by releasing tokens that are somehow integrated into the project. With this shift, ICO has become a tool that can revolutionize not just the currency but the entire financial system. ICO tokens can be securities and stocks tomorrow.

What Is Bitcoin Crown
Bitcoin Crown is the digital trading token that will give game developers, content creators and gaming communities the required crypto-backed value and tools for implementing and managing virtual goods.

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.

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

The Challenges

BTCC has been facing some challenges like the issues of payment fraud, high fees and slow transactions, lack of true ownership & rarity, No open standards, expensive & time- consuming, lack of value gamificaion, etc.
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 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.
Lack Of Value Gamification: Value based gamification features are lacking in content management systems and forum software. The users do not get rewarded in the real world value for participation or contribution.
Payment Fraud: It is estimated that for every legitimate virtual purchase made, there are 75% virtual items lost to fraud, therefore 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.
Locked in and Centralized: The digital items and currencies are usually locked to a single game and they are 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.
High Fees and Slow Transactions: The Game publishers and communities usually rely on the third-party platforms to process virtual goods transactions. Gamers encounter slowness, opaque fund flow, and high transaction fees.
No open standards: Currently, there are no widely-accepted standards for decentralized currencies and assets in games. The user experience is often an afterthought, so the users don’t even know what to expect.

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.

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.

Mobile Wallet

The BTCC Wallet will also exist as a Mobile (iOS/Android) application and implement the same features mentioned above. Many users will prefer to accept transactions on their phone while playing a game on their PC. The mobile wallet can be set-up quickly by scanning a QR code that contains settings.

The mobile app will receive Push notifications from BTCC and any trusted platforms. If a transaction request is pushed, the mobile wallet will verify funds exist and ask the user to Accept or Deny the coin transaction. This will allow players in-game to easily send coin transactions by using their phone as the authentication device.

Token Information
Name: Bitcoin Crown (BTCC)

What is Bitcoin Crown? Bitcoin Crown is a cryptocurrency designed for online game lovers.

Total Supply: 70,000,000 BTCC Tokens

Total Allocation: 50,000,000 BTCC Tokens

Hard Cap: $10,000,000 USD

Soft Cap: $2,500,000 USD

Currency: ETH

Spend Allocation