GameCredits - an eSports related cryptocurrency

4 min reading

GameCredits is one of Blockchain technology projects. It was created in February 2014, and its main goal is to implement block technology in games and e-sport. Simply put, the project originators noticed the possibility of introducing Blockchain into games to facilitate and largely legalize the possibility of earning through playing.

gamecredits cryptocurrency logo

What is GameCredits?

As you can read in White Paper, the inspiration for the project was the situation that took place during the great increase in the popularity of World of Warcraft. There was a problem then of the frequent sale of items or "gold" used in the game on auction sites for real money. The trouble was that users sold "gold" as if they were the owner, and according to the law they only had licenses to use. This was translated in such a way that the player could not be the owner, because all the data on the amount of "gold" he had was on the game provider's servers. So in the event of a failure, data is lost. Therefore, the game owner only gave users licenses for the time of game distribution.

GameCredis developers have rightly noticed that Blockchain technology solves this problem. Any player can buy sell an item saved in this technology for digital asset. To sum up, the project is directed at players and game developers and enables the exchange of digital goods by players or on the line player developer. In addition, it is guaranteed to have a unique item saved in Blockchain technology. Everything sounds very good, so what about the GameCredtis tokens?

GAME tokens

Project tokens are currently listed on few exchanges. The most known platforms for purchasing GAME are Bittrex and Polish BitBay. The current token price is around $ 0.04. His ATH took place on January 9, 2018 and the price was $ 6.67. The current daily turnover is around $ 19,000, which places the project at a distant 591 place in terms of capitalization. Tokens in addition to exchange on the stock exchange can be obtained by playing partner games or using bonuses on cooperating platforms. A list of pages can be found on the project website.

Situation and forecasts for the future of GameCredits

Looking at the design, you get the impression that it is a bull's-eye, so the GAME token should climb up and bring profit. Meanwhile, after a brief increase around the so-called "cryptocurrency bubble", the GAME value has dropped by almost 99% and is currently hovering around $ 0.04. So what happened? In the early years, the project was met with enthusiastic approval from Blockchain technology fans. Later, however, GameCredits died down. There was no information about development plans. The page lacked even such a basic document as Whitepaper. The only information you could read was the presumption that the founders abandoned the project and sold the domain. However, in 2020 the situation is optimistic.

The project connects with NovaToken and radically changes the approach. Currently on their site you can find Whitepaper, there is also information about the band. In addition, the news tab publishes a monthly update of the plan for the near future and the implementation of the current one. You can find out, among other things, that the GAME token is upgrading to ERC-20 and it will take place on July 1, 2020.

Currently, the marketing department is working hard on various types of promotions on partner platforms. In addition, Game Credits is conducting talks with large cryptocurrency exchanges to enable the sale of tokens, as well as intends to cooperate with MCO in the field of debit cards.

After freezing for two years, it looks like the project is starting to work ambitiously and realize its goals. The complete plan and scope of cooperation can be found on the Game Credits website. It looks impressive, so maybe you might want to get interested in the GAME token now? Although, as the authors write themselves, they advise against buying tokens for speculative purposes, and recommend using it only in games.

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