Why GameCredits will rise sooner than FinTech blockchain startups? Because of the gaming industry!

Martin Rosulek
8 min readJul 31, 2017

The global gaming market is booming and a market capitalization recently exceeded 100 billions dollars. The predictions of growing are very positive for the next 25 years.

The most blockchain techs are in financial sector. No doubt, Bitcoin was the first but many of the nowadays TOP 10 cryptocurrencies are somehow connected with financial industry. There is not enough attention of blockchain innovation that stands beyond fintech. But blockchain is not all about finance, isn't it? As a investor or a speculant you can use this opportunity and make a good profit with GameCredits.

I wrote this article to introduce the most relevant information about GameCredits and GAME as a cryptocurrency. It is written especially for those who are interested in investing into early stage of new cryptocurrencies that have a real opportunity to grow.

What is GameCredits

Gamecredits is a universal in-game token which is developed with secure blockchain technology. Gamecredits gives developers a plug n' play free in-game monetization platform. In other words the company build the whole infrastructure for gaming on top of the blockchain — a wallet, payment and tracking system, API, GameHub, etc.

To speed up gaining the basic knowledge of GameCredits feel free to watch the video that explain what GameCredits is, what vision does the company have and what is the big change (breaking status quo) we are talking about.

GameCredits Inc

GameCredits Inc was established in 2016, although the project started three years ago. The Gamecredits Mobile Store has been in development for more than 2 years and has currently over 300 games signed on for its launch. It revolutionizes the world of in game payments. Gamecredits creates a new payment gateway for the gaming industry.

Gamecredits cryptocurrency (GAME)

GAME is the official name for the cryptocurrency that is developed as a gaming currency. One of the popular claim that you can find on the official website says:

GameCredits is the first free open source gaming currency made by gamers and game developers.

Why GameCredits will succeed?

1) Mobile games becoming multi-billion dollar industry

More people playing video games than ever and we are not talking just about kids. There are games for adults and the market is taking it seriously. Over the next 20 years mobile gaming will boom dramatically especially in markets like China and India. Today is mobile game market in US valued at around $10B, with consoles running the lions share of $27B.

Game development needs to transform and cryptocurrency is the one solution that has unrevealed potential for future gaming. Can you imagine what is going to happen if all the micro payments that players make in games (on PC, smartphones, Playstation, Xbox, etc.) nowadays suddenly start to pay in cryptocurrency not in Dollars neither Euros?

To put money into your wallet is just a 90 seconds issue, not a work day as it is normal with standard bank transfer. Gamecredits has all the blockchain's advantages like fast transactions, secure payments, anonymousity, the currency cannot be inflated, etc.

Moreover we haven't put VR games into any of the statistics or analysis. But the prediction is more than obvious - VR is going to be another accelerator for the future gaming industry.

2) It is not just a plan, it became a reality

The global game developer Datcroft implemented GameCredits’ blockchain payment gateway in its game Fragoria. More than 8 millions players can now choose to pay for items in GAME cryptocurrency. Please note that this happened in December 2016. Fragolia is not the only game that use GAME. Nowadays more than 300 games already signed up for Gamecredits. The company estimates that 1000 games will be available for play till late 2017.

GameCredits API offers to all developers a new payment solution that is based on blockchain. Any developer who choose to accept Gamecredits:

  • reduces revenue fees by up to 20%,
  • eliminates chargebacks,
  • increases gamer deposit limits,
  • receives payments in minutes.

Note, that Gamecredits takes only 10% of game developers revenues. Apple (App store) and Google (Google Play) usually charge up to the 30%.

Still don't understand what the GAME can do for you?

Game developers use GAME to sell in-game items, upgrades, anything. Players can pay with GAME instead of Dollars, Euros or any other currency. The advantages of GAME payment are primary lower costs (lower commission, no third-party), easy implementation (just 3 lines of code, as little as 5 minutes to get started), no deposit/transfer limits, better security and of course fast payments (within seconds or minutes).

Now imagine that you play more games and easily transfer your money from one game into another. Yes, it is possible with GAME currency! You won't waste any deposit (any money) that you have put into another game (that implemented Gamecredits). You gain so much flexibility with GAME.

3) GameCredits brings a mobile store

GameCredits is not just a cryptocurrency, its innovation is about evolving gaming experience by integrates blockchain into digital infrastructure. As Gamecredits aims for mass, the company released 5 major credit card integrations (Mastercard, Visa, American Express, Discover Card, and JCB — Japanese credit card). There will be soon implemented PayPal payment solution as well.

4) Strong team behind development and marketing

GameCredits brings together experts from both the blockchain and gaming industry. This intersection is crucial, to succeed you don't need just knowledge, expertise and vision, you truly need experience in the area that you're going to change. I believe that the team behind GameCredits has a very good prerequisite to make their vision a long-term reality.

I feel especially strong about Sergey Sholom who already proved that he can build a successful business. Not just one, more of them. And in gaming industry! This is a big red shot. Moreover we won't exaggerate much when we say that he knows more about gaming sector and behaviour of gamers than any other man on the planet. Indeed, this know-how is an unfair advantage that will drive GameCredits to TOP cryptocurrencies soon enough.

Don't forget to get know people who develop and market any cryptocurrency or crypto-ecosystem. The success is not just about a vision or good project, is more about performance and how you carry out your vision. I suggest you to google the names from a core of the team and as we talk about GameCredits. You can start with these names:

Sergey Sholom (VP of Business Development)

  • Datcroft Games — worldwide success, with a popular portfolio of MMORPG, Casual and FPS games
  • Appmarka — mobile platform, hosting over 1000 popular mobile games from developers around the world

Jon Comer (CMO) — founder over twelve successful businesses, both offline and online

Ivica Simatovic (CEO) — strategist for business relationships with major brands

Jack Kuveke (Community Manager)

Matt Fortnow (VP of Fantasy Sports Operations)

GameCredits (GAME) price

GAME price from CoinCap.io

The price of GAME is very volatile as most of the cryptocurrencies. You might try some technical analysis but as I focus on GAME since the beginning of 2017 I suggest you to read the papers and buy/sell when some big news hit the ground. You can buy GAME as low as 2 USD or as high as 5 USD per unit.

  • Market Capitalization: 130M
  • Price: 2–5 USD (July 2017)

Have a look on CoinCap.io and check the price as it is right now.

There will be some massive VR launches in the end of this year (VR tools and VR games). I am pretty sure that if not the end of 2017 so the very beginning of 2018 will affect the price of GAME (an upcoming upwards trend).

How to buy GameCredits (GAME)

GameCredits is recognized by many exchanges. Here is a short list, where you can buy and sell GameCredits as a cryptocurrency (GAME).

  • Poloniex
  • Bittrex

Poloniex is probably the most common exchange for those who speculate with cryptocurrencies. Anyway, you can buy Game Credits as well on the exchanges like Allcoin, Yuanbao, Cryptopia, BTSR, bitsquare, boxbase, livecoin, Jubi, OpenLedger, BTCBOX,…

GameCredits Wallet

If you want to store your GAME cryptocurrency, the best way is to set up an official wallet for it. If you are a longterm investor I do not recommend you to leave your GAME on any exchanges. The only reason for leaving GAME on Poloniex or any other exchange is if you want to trade (buy/sell). For the security reason, set up the GameCredits Wallet, send your GAME there and sleep well.

Gamecredits mining

For those who are interested in mining GameCredits, I put together all the information you should know before you start mining. There are some specifics with mining GAME, so make sure you know what you are doing.

Mining profitability calculator

You can easily search for mining calculator on Google and put your numbers (hash rate, power cost, etc.) into it. Don't like searching? Try this Mining Calculator.

Mining algorithm

If you are looking for the hashing algorithm GameCredits, you can find bellow all the information.

  • Algorithm: Scrypt
  • BlockTime: 90 seconds (1,5 minute)
  • Retarget: Every block
  • Block Reward: 25 coins
  • Block Count: 1,065,446
  • Maximum coins (supply): 84 million
  • Launch Date: February 18, 2014

List of mining pools

Why people talk so much about Mobile Go token?

The Mobile Go token has been issued on both the Etherium and Waves Blockchains. It is the first dual-blockchain asset ever issued. For someone who does not know much about the technology behind it, let's just say that Mobile Go brought a new possibilities for players such as:

  • mobile gamer to gamer match play
  • decentralized tournaments run by gamers
  • decentralized virtual marketplace where gamers can trade virtual items and in-game content

The idea behind Mobile Go token is to create a possibility for peer to peer gaming. Using Mobile Go will enable players to enjoy games without a middle man (like Google Play or Apple Store). The new smart contract Mobile Go is revolutionary and the aim is to give gamers full control over their virtual experience.

To stick with the original topic of GameCredits, we can leave MobileGo tokens with the last information that it will be used to gamify the GameCredits Mobile Store. With another words, the goal of Mobile Go here is to help make the GameCredits platform highly interactive and rewarding.

Useful links

Conclusion

We can be 100% strong about the long-term international growth of mobile game industry. GameCredits came with unique solution that solves monetization problem of developers.

Let's go back to the original question, why GameCredits will shine sooner than other fintech cryptocurrency?

The biggest problem with fintech is the regulation. All the laws and rules that are made by the governments make it harder for ambitious start-ups like Monero, Ripple, even Bitcoin. Gaming industry has completely different rules, it has real open space for developing compare to fintech. As we still stand on early stage era of blockchain and the world of cryptocurrencies I feel confident that the most significant results in 2–5 years will happen in the gaming industry rather than fintech.

Disclaimer: I currently hold a long-term position of GameCredits (GAME).

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Martin Rosulek

A digital nomad who finds inspiration in technology and spirituality. Work remotely from anywhere. Excited about ancient wisdom, web3, financial independance.