With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Yumerium, a gaming community where gamers share their experiences with other gamers which is a true form of viral marketing has arrived.
Yumerium is a gaming community where gamers share their experiences with other gamers which is a true form of viral marketing. Gamers will be properly compensated with YUM for such efforts.
Game developers can set up rewards for the gamers with Yumerium as they want, e.g. giving out YUM for watching promotional videos, sharing links to social networks, leaving review for their game, etc. Through this reward system, gamers will be more incentivized to participate in the community proactively. This incentive will be funded from the publisher’s “Marketing Fund” pool.
The first generation of the digital revolution brought us the Internet of information. The second generation—powered by blockchain technology—is bringing us the Internet of value: a new, distributed platform that can help us reshape the world of business and transform the old order of human affairs for the better.
Blockchain is the ingeniously simple, revolutionary protocol that allows transactions to be simultaneously anonymous and secure by maintaining a tamper proof public ledger of value. Though it’s the technology that drives bitcoin and other digital currencies, the underlying framework has the potential to go far beyond these and record virtually everything of value to humankind.
In this sea of innovation and new technologies there are visionary projects that come to life in the form of ICO's and today i am going to present you with one of the most promising ones on the market.
The project is called Yumerium and they have been in the gaming industries for more than 15 years. The team of the project found out that the companies that produces the games make a lot of money, but unfortunately the gamers that are the ones who bring the value, are not included in the revenue stream. Yumerium want to build a platform that can share the value of the ecosystem between the investors, the company and the gamers.
Most of the projects in the market are focusing on the item trading, where you get in game items and then you try to find a place to trade them and they try to use the blockchain as a way to record the items and then whatever is traded they want to trace who has the items while Yumerium is focused in building the ecosystem of players to enjoy the benefit of service. If a game developer has a great game and want to go to a platform, they have to pay a fee of 30%. On Yumerium ecosystem the players can own their credit by playing the game, so the platform fee can be reduced, close to zero.
How Yumerium works?
The vision of this project is to disrupt the gaming industry with blockchain and smart contract technology, Subdream Labs are created with key talents brought in from Subdream Studios and VR Plus who have extensive experiences in gaming industry. $2.3M is raised from marquee investors globally.
The ultimate goal is to help developers in popularizing games and encouraging consumers to make money by spending time in their favorite games.
The main bonus is the absence of intermediaries between these parties, thus minimizing the risk of buying counterfeit goods.
Gamers will immediately purchase game licenses for tokens installed inside the platform.
Game marketing is too expensive.
Game piracy makes limited copy run impossible.
Game revenues are not shared appropriately.
Digital Games cannot be resold.
Players wait for pirated game instead of buying.
Player retention requires continuous game updates and support.
Low participation rates in prize campaigns.
Prize campaigns lack trust.
Influencers get little to no compensation.
Reviews are sometimes unhelpful.
Crowdfunding pledges does not necessarily mean the user will pay.
Crowdfunding website fees are expensive.
Reduce middlemen in the marketing process and give the tools directly to developers.
Blockchain verifies ownership of the limited edition copy.
All parties receive the appropriate compensation simultaneously, automatically, and cheaply.
Blockchain licenses and ownership can be resold on the Yumerium.
Incentivize early consumers with token rewards and limited copies.
Give developers tools to run campaigns intermittently, elongating the update cycle.
Make the process simpler by only asking information of the winner once.
Host prizes on a decentralized network, prize is public but locked until winner claims.
Give out referral codes to buy games at a discount and compensate influencers.
Compensate reviewers that readers deem helpful.
Users pay with Yumerium tokens at time of pledge.
Decentralized the system to allow independent campaigns or cheaper campaigns through Yumerium.
Yumerium (YUM) is a gaming token that can be earned by playing, sharing and reviewing games and can be spent in any game that supports it. YUM integrates marketing tools such as referral bonuses or bounty campaigns to attract and engage users.
Benefit for developers
Payment by crypto-currencies
Instant transactions as well as low commissions
Access to third-party games (using Subdream.world and Yumerium community)
Various incentives for participation of gamers and attract new users
Opportunities for game development through community involvement (voting, financial assistance from Yumerium)
Yumerium is going to start the marketing in the arcade world, and the reason for that is that the VR market as of today is more for going to the arcade to know how the games look like, so when people come in to check the VR games they will also be able to accumulate yumerium and after they are done accumulating they will be able to use it for our partners to play there.
There are several games in development and already finished, here is a list of the games in Yumerium portfolio.
There are 10 legendary stones, try to collect them and become the owner of legends
Hell Dimension VR
Play with your friends a shooter game and kill all the monsters
Tower defense game where you have to protect the kingdom from the Troll King and his army.
Also available to play at select VR Arcades: VRJunkies, CTRLV, IsimuVR, General VR City de México, Urban Safari, MontVR, Springboard, Howies, Rabbit Hole Reality and Hongbin, and VR Plus
Cryptocurrency with tangible value by allowing users to use the currency on any venue that connects to the Yumerium blockchain. These systems can be owned by Subdream Labs, or developed by non-affiliated parties.
Open, trustworthy, and secure smart contracts that verifies the authenticity of developers and gamers. When both parties know that the system cannot be taken advantage in favor of one party, both parties can trust each other and exchange tokens.
Token rewards for game achievements to allow developers run contests and marketing campaigns cheaper, safer, and easier than ever before. Developers can then motivate gamers to play and improve retention metrics, while gamers can receive tokens to spend in any Yumerium game.
Compensate influencers for referring or reviewing games. Spread the word with a tool more powerful than traditional ads; the word of a trustworthy internet celebrity.
Decentralized crowdfunding to safely fund future projects through gamer support. Since no one controls the system, campaigns are far cheaper than those of traditional crowdfunding sites.
True limited edition copies of digital games and in-game collectibles. With the power of the blockchain, ownership of digital assets can be verified. Due to the scarcity of such items, their value continues to grow, rather than stagnate. Owners can then sell these items to the highest bidder.
TOKEN SALE AND ICO DETAILS
The Yum token is a multi-utility token relevant for gamers and game developers alike. It will be used as a mode of payment to buy game money and other items, as rewards, and as marketing and other investments.
The token is built on Ethereum platform. The price of 1 YUM will be USD 0.1. The accepted mode of payment will be USD, BTC and ETH. The hard cap is fixed at 500,000,000 tokens. 50% of the funds will be used for building native yumerium games.
The presale of tokens will take place between April 22nd and May 12, 2018(discounts will vary from 30% to 10%). The public sale will take place from 13th of May to 19th of May at a discount of 5%.
Token Name: Yumerium(YUM)
Price: 1 YUM = $0.1
Hard cap for Token Sale: 500,000,000
Accepted Payment: USD, ETH, BTC
The YUM tokens will be distributed during two stages of the ICO: from April 22 to May 12 pre-sale will take place and from May 13 to May 19 - the main round. The company expects to attract the maximum amount of $ 500 million, sending part of the funds to support developers of virtual reality games.
Token Sale 50%
Network Seeding 20%
Founding Team & Advisors 20%
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
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Bounty Thread: https://bitcointalk.org/index.php?topic=4465888.0
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