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GameCredits

GameCredits (GAME) (launched in 2014) is a cryptocurrency created on the Ethereum blockchain. It is recognized as the first gaming cryptocurrency and blockchain based ESports solution that empowers every gamer and player with true ownership, digital security and boundless possibilities for fun.[1][2]

Company

Game Credits was developed by privately held Game Credits Inc in 2014. Their team consists of members having vast experience in the gaming and blockchain space and have been placed across the globe. CEO Jason Cassidy has been working as a Bitcoin Consultant for Canada's 1st Bitcoin consulting company known as 'Crypto Consultant' since 2013. GameCredits has developed a huge community in the last six years.

Overview

Game Credits was the first to offer blockchain-based cryptocurrency in Gaming Industry. It was established in February 2014 and launched few months after. It currently has around 50 employees. Its primary focus was as a digital currency, used to revolutionize in-game purchases and give game developers a monetization based on the fair-play rules that the technology of blockchain affords.

A Metaverse for Gamers

The vision for the Genesis Worlds Project is to develop a decentralized RPG metaverse that will last beyond 100 years. Users can participate in decisions around rules and rewards and earn GAME for their contributions to the community.

Worlds for Everyone

Genesis Mining Claims are the founding NFTs that allow users to participate in individual world governance, while mining GENESIS tokens.

Each Mining Claim NFT features a 3D concept model of the World. Users can collect Mining Claims of all their favorite Worlds to build their unique portfolio.

The longer a user holds Mining Claims, and the more Mining Claims owned, the more GENESIS they can mine.

Features

The GAME Credits platform is a decentralized suite of unique tools that transforms any game into a blockchain game. It easily plugs into any online game via easy to use API suite and robust SDK. The GAME Credits platform offers the following features to every online game in the world.[3]

GameMint

The GAME Credits NFT Protocol API and SDK enables opportunity to develop in-game items (Non-Fungible Tokens - NFT’s) with ease. These can then be distributed to players then after[4].

GameRewards

Gamers can also passively earn NFT’s by staking GAME tokens and become part of other promotional giveaways and other activities through the GAME Rewards system. Game developers can also create giveaways (based on staking), in-game accomplishments, or contests to engage players. These all based on a player’s stake of GAME toward the game. Game credits has rich and easy to use SDKs that allow the anyone to create an open economy within every game with language and engine support for unity, unreal, JavaScript and more.[5]

GameTournament

It is a provably fair Esports tournament organizer to create and run competitive, prize-driven tournaments within any game, enabling a true e-sports experience led by developers or the community.

GameExchange

The GAME Credit Exchange provides an opportunity to create an in-game or external third party marketplace for players to buy and sell in-game items using Marketplace API. Gamers and third parties earn a cut of the fees generated from each transaction made across the exchange ecosystem . Gamers can also sell items on secondary markets or through the GC portal, and subsequently, sell GAME through exchange partners.

Tokenomics

GAME token is an ERC20 Token created on Ethereum by deploying Smart contracts. It has a total supply of 200,000,000 GAME. It registered an all-time high of $6.90 USD on Jan 09, 2018, and an all-time low of $0.000003 USD on (Nov 01, 2014). It is listed on popular exchanges, including Bittrex, Livecoin, BitBay, Hotbit, CREX24 and also Decentralized Exchange (DEX) Uniswap[6].

Development & Partnerships

Game Credits has seen useful development to gamers over the years. They had core/QT wallet, which offered support to run nodes to strengthen the network. In 2018, they developed GShare, an overhauled PC Store/Single Click GPU & CPU Renting Application (not available currently). It had partnerships with Mobile Go and organized and hosted tournament for games including Dota 2 in 2017-18. In 2018, They partnered with Xsolla, which provided game developers and their players with two new payment methods, blockchain cryptocurrencies GAME and MGO for PC and mobile gaming. In April 2020, Geme Credits acquired Nova Blitz, a digital card game.

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