Bitcoin Forum

.

Looks interesting  ;)

Was hoping for more POW launches, so many ico's about and most never deliver

Just today these guys started play games for ETH!! They're dropping daily REP codes in their TG channel https://t.me/lootrewards which you can level up and trade for ETH... bloody good to be able to do this with the current crypto market imo

I'll be honest, it sounds too good to be true! How will the company generate revenue to pay all the gamers?

Hi, I am Tobias, the creator behind Loot.  The Loot Protocol leverages the skill of gamers to generate, or mine, new units of the crypto currency called Loot.  You can think of this as similar to Proof of Work.  The new units of Loot that are mined are shared between game publishers, players and the Game Master that are voted in to validate transactions. So just like CPU/GPU mining results in new units of other currencies, with our protocol the "work" is being done by gamers.

I'm confused about this. So with PoW, it's usually to validate transactions, which are paid with fees to the miners from people using the currency to transfer wealth. Who is paying the fees in this case?

let me get this...you say that you can integrate all those games into your platform? league of legends is a huge game. :o

Some games, like Dungeon Defenders 2, will integrate our protocol directly in their game.  We have an official partnership with the company behind DD2 for this.

There is no official partnership with Riot or LoL, but we can leverage their open API so players can win Loot win they play LoL (for example): https://developer.riotgames.com/ (https://developer.riotgames.com/)

Dungeon Defenders 2 is a very popular game. How much could one expect to earn per hour of gameplay?

This depends on a few factors:

1) The game publisher / developer opens the node on the network.  The amount of Loot that can be generated in their games is based on what parameters they have defined when setting up the node.  How big the node is, how much existing Loot they have spent and a number of other factors.

2) Once all of that is defined, its up to your skill as a player.  If you are better than all of the other players engaging in the same activity, you could do quite well.  If your performance is poor, you will still get some Loot, but not near as much as the top performers.

Say I'm very average, and playing DD2. In the 50th percentile for loot. How much per hour? I think this is the most important question as to whether people will use the platform or not. Honestly I'm not expecting much, even $.25/hr would be very worth it considering you'd be playing the game for free otherwise.

Whoa! Super interesting project! What country is your company and ICO registered in?

No idea in dollars.  Loot is its own thing entirely.  Players are going to want it because it gives them the ability to purchase in game items, content and anything else the publisher / developer decides to implement.  Loot works a lot like experience points too, so the more of it you have, the more access you unlock.  Of course if you do not want to "grind" for Loot, you can buy it from other players or publishers - just like standard non-crypto virtual systems in games.

ok. i have to admit this is a interesting twist of an use case in crypto world. this can go to moon

Wow, this gameplay looks amazing. You've put a lot of efford to buil it. Well done!

Thanks! Based in Berkeley CA.  Not sure about ICO.  Raised some equity and we are focused on building the protocol and partnering with game publishers.  We have an active telegram community, you can check it out here to stay updated: https://t.me/lootrewards

That is very kind of you.  We've already spent close to a year on the project and believe its going to do a lot for the game industry :)

Thanks!  Gamers and their time are very valuable.  We are going to algorithmically tokenize that value. :D

Is there any way to get a discount on the tokens? A pre-sale?

Is there any way to try it out now?

So if I participate in the ICO, when can I get my Loot?

Will you accept fiat in the ico?

So i am partner with ubisoft because i have Far Cry?

Right now the plan is to build and release the protocol.  When its finished, gamers can get tokens by playing games.  Currently no plans for a sale.

Right now there is a proof of concept on taprivals.com

Just sign up and play for free!

haha I have to agree

No plans for an ICO right now.  Hope to release early next year - when that happens you can get Loot when you play games!

This seems so foreign to me. Everyone else is trying to find reasons to make tokens to sell them for quick cash.

How will your developers get paid if there's no fees, token sales, etc?

To be clear, we may do a sale at some point, but not right now.  Maybe never, we will see.  Signal Zero has been in business for 4 years.  We have operated as a gamer rewards platform and have generated many millions in revenue and have rewarded gamers with millions as well.  We are building under our own steam, getting feedback from the community and getting some partnerships in place.  This is the approach generally taken by tech companies to help insure there is market demand for the product they are building.

When we have more data and feedback we may do a sale, or if the protocol is done, we may just launch it.  The company makes revenue from tokenwall.com and taprivals.com right now.  We will implement our own protocol to enhance our revenue streams, but also offer it to any 3rd party that wants it, which will ultimately lead to decentralization.

So you think Loot will be decentralized in the future? So that any game developer can implement an established rewards system?

Is there any way to try this out now?

Yep, thats exactly what we are working on now.  Every game developer / publisher that implements the protocol will need to open a node.  One for each game.

Sounds like this is just begging for mass adoption. I'd totally get in on an ICO if you guys were doing one right now.

Hi! Do you need Russian translation for ANN ?

In my opinion, the Loot platform has an interesting idea,well-set tasks, and also a strong, well-organized, cohesive team. Which has all the necessary range of knowledge and skills for the successful implementation of the project, and the whole project as a whole, is aimed at solving very important tasks.

A game with no Ads is like a dream come true, since many gamers get annoyed by the ads implemented in a game.
It is disturbing, that we can't fully enjoy the game without getting disturbed by the ads.
And here we could monetize our games just by playing it.

How much will developers and publishers have to pay for each node and is there any limit to how many the network will have?

There is some really cool stuff going on in the Loot Crypto Rewards Telegram Room -> https://t.me/lootrewards

I love it how Signal Zero is GIVING AWAY FREE REP Experience points (which will act like LOOT when it is ready) in the Telegram Room every day! For the gaming platform Taprivals.

I traded them in (plus played a few games to earn more) for $30 Cash (Paypal) and $70 (Best Buy Gift Cards) in 1 Day!

Ethereum (ETHER) is on the prize wall now too which is AMAZING!!

I might start buying Tokens and trying to win Gems so I can get Ether that way. How Cool is this!!!

Here is a bonus for some FREE GEMS (referral)when you sign up for Taprivals -> https://www.taprivals.com/register?refCode=Y2C3SHZ4ZB

Influencer Code: Y2C3SHZ4ZB

Such a sweet project. Mad respect for not doing an ICO (well at the moment) and actually Boot Straping it. This is the sign of a true company imo.

This would be considered centralized then since the publishers have to have a single node for each game right?

What products have the team designed before?

What platform is best for getting the most up to date important information in a non-cluttered news feed?

you can try many parallels out now at [Suspicious link removed]/taprivals .... let us know what you like and don't like. Also jump over to join the Loot telegram chat at https://t.me/lootrewards

Hey thanks for the offer. We're not looking for any translations right now

Team are from Signal Zero... with millions of registered users! Check out lootforge.com for a full run down on the team and come and chat to in the Loot telegram https://t.me/lootrewards

Each node is the same network. If there are 100 games from 50 companies, that’s 100 nodes from 50 entities, so it is decentralized....No one can turn off the network... come and chat in the Loot Telegram channel https://t.me/lootrewards

I understand correctly, you do not have specific terms for selling tokens?
why so?
This information is very important for investors.

Yes indeed this kind of information is very important for investors to convince them about the potential of this project to the fore her

Because they don't even know if they're going to have an ICO. That information will come if they decide to have one, I'm sure.

Yes we understand this is important for investors. Right now we're marketing the project to people who want to play games to earn ETH, Cash and giftcards as above. This is to get feedback on what ppl want to see on Loot Protocol.

This isn't correct. Not every project needs to have an ICO. This ANN is about the parallels to what will be the Loot protocol expected launch in 2019. We're not asking ppl to invest, but offering play for ETH, giftcards and cash. Come and chat in the Loot Telegram https://t.me/lootrewards

What's not correct? The fact that they haven't decided to have an ICO?

Great platform . One of a kind project. This gonna be big.

Would this be easy for people not familiar with crypto? I think the biggest hurdle for new people is having to link a bank account and get approved on an exchange. Is this necessary to use Loot?

Thanks!  We are working hard!

Since you guys won't be using tokens, is this related to blockchain at all? If so, how?

More succinctly put: Will I need to use an exchange of any sort of use Loot?

Is there a beta or something I can try out?

I think this is an awesome project. What can I do to help Loot achieve its goals?

Are there any competitors trying to do something similar?

Is there any way to prevent 'bots' from farming Loot and devaluing it?

I've seen this happen a lot with in game currencies. If the currency is worth any real money at all, meaning if people are willing to buy currency rather than work for it, there will be bots. Even the biggest companies in the world can't stop all bots.

Do the game makers decide which tasks reward Loot?

How will you keep track of how much Loot everyone has? A centralized database?

What would you say is the biggest advantage of using blockchain for this?

Wonderful! You are rewarded just for playing your favorite videogames! I'm sure this project will moon. I wish you to success.

Realistically, where do you see this project in 1 year?

Could this ever be used as a method of pay to win in a game?

Has your project been featured on any news sites or shows?

Where can I get the most up to date news on this platform? Twitter?

Is Loot already out for users to try? If so, how do we start? If not, how long until beta?

Can you clarify further how a user's skill might be valuable to others in this app?

What will be Loot's priority for the last two quarters of this year? What do you expect to have done on the project?

What country is Loot registered in?

Still wondering.

Have you had your project reviewed by anyone reputable?

Is there anything for me to try out now?

Do you have an official Twitter page?

Some Youtube reviews would be awesome!

So the volatility of cryptocurrency won't affect this project at all?

Or would this be up to the game developer?

Will people be able to trade their Loot?

It seems to be an interesting project, a good team, and good vision & mission. I hope this project will achieve tremendous success in future.

Can we get someone back in here to answer questions?

i loved the concept. good project. excited to start

How many people are using Loot today?

Do you have any estimations on adoption rate for a platform like this?

This project looks interesting. I'm looking forward on the success of this project.

Will you guys be attending Distributed 2018 in San Francisco July 19?

All those listed title of games definitely interesting especially those that still pending.
I can't wait for all those list to be available to play.

Oh I heard about that. The projects I saw were going to be there were very big ones. I'd love to meet some of these guys face to face. Including Loot, since the project is so relevant to my interests.

Well, then. And I like such game projects. The main thing is that they like the players in the future and this in turn will bring joy to investors.

Do you have any designers on the Loot team?

Good afternoon. Have the members of your team worked on some projects together or is this their first product that they work on together? 

Can I ask if you guys have consulted any legal firms about any possible regulations there could be?

Are there any other similar projects going? I don't think I've ever seen them.

Is there a Git or something I could take a closer look at how this works?

If you guys were to do an ICO, how much do you think you would want to raise to get everything done that you'd like to do?

Are you guys actively looking for advisors?

I hope the pending API integration on DOTA 2 steam game will be approve. To many users on that game, that might boost your project to the highest point.

Does anyone know of any other similar projects?

This does seem interesting, to earn money quickly by playing - is it possible to check out some type of demo/tutorial for it? How can I find out a bit more?

Do you need to purchase anything at all with real money before using Loot?

I've been telling all my friends about Loot. Each and every one of them agree the dynamic is desperately needed.

Do you keep any designers on staff? Would you consider it?

Heya

Sorry about that, I took a small vacation.  Back at it now :)

There is already a lot of incentive to cheat in games, including financial incentive.  Players farm gold, skins and other items and sell them on 3rd party sites.  Introducing our crypto solution doesn't change that, make it worse, or better.  It is impossible to stop 100% of this type of behavior from players, but solutions like Valve Anti Cheat, Battle Eye an other have done a good job of mitigating the worst of it.  Our own home grown solution is something we've been building for years (we are not a new business) and has also been proven to stop the worst of it.  Here is a video demo: https://vimeo.com/132487908

Yes, Loot works with simple tasks or activities.  So in a super casual mobile game, there may be only one or two actions that Loot can be tied to, but in more complex desktop or console games, there could be dozens or hundreds.

We do keep designers on staff.  What type of design are you referring to though?

Of course not, Loot amounts will be kept track of on the chain. :)

This really sounds amazing :p I hope you will add new games like SMITE :)

Add Cs:go please  ;D

Gud project

A device that runs video games, like an Xbox, PC or Smartphone.  Possibly the game that has Loot integrated as well if that costs money too.

Its transaction based economic system of rewards - any transaction based system benefits from blockchain or public ledgers.  The most important reason though is block chain has proven itself as a "substrate" for value creation.  Bitcoins for example come from "nowhere", but people value them.  This is partly because of the utility they provide, but its also because of the cost function of mining.

Hehe, I'd love to, but they need to add us.  Send them an email! :)

So say Loot becomes valuable. Can you 'print' more at your own discretion to make value out of nothing and thus devaluing current Loot holders?

Signal Zero looks really useful, and obviously relevant. You guys made that also?

I had no idea you guys had been around so long. What other projects have you worked on?

Can you use RNG to create loot-boxes for Loot?

Signal Zero is the name of the company, but the video that shows all of the loss mitigation and data capabilities is typically referred to as "The Signal Zero Platform" and yes, its been an ongoing project for us since 2014.  Thanks a lot by the way.

Great question.  The Loot protocol and how it is generated and awarded to players is based entirely on their skill in relation to other players.  There is no randomness or chance involved at all.  If you get a better score, you win more Loot.

Skill is tracked per activity in each game.  So your performance in game X and activity Y is always compared to other "XY" players.  Players in game A and activity B are tracked separately against one another as "AB" players.

This works in any game, because its a system of measuring players against each other, regardless of game.  We are testing this right now on taprivals.com with virtual points etc.  Players love it, and they tend to play the games they are best at.

We have a sort of "virtual simulation" setup on taprivals.com (http://taprivals.com).  Signup and play for free.  Everything you win right now is virtual, so it lacks many of the obvious benefits of crypto, but it will give you an idea.

Checkout our Telegram https://t.me/lootrewards

This is easy to use. Seems like a lot of attention to ease of use went into it. You'd be surprised how many proof of concept I try to use and it's usually just not intuitive at all.

Are these your two main projects you've done? Any other big ones?

there is mention of enough for this project interested gamers. with the existence of several solutions such as valve anti cheat and other make the game lovers become comfortable in playing. and I will also be more interested when the project is working with big games like dota etc.

why there is no discord chat for gamers cruptocurrency? :D

Monetizing game skills is an important new branch of development in this sphere it needs improvement greatly, but can this project do this?

I think with competitive games this could be good if it incentivises improvement. The first thing I do when I start a new game is find out how to be good at it and work hard and learning getting better.

Will this eventually be available for mobile platforms?

Good question. There's a whole ton of games that are only being played on mobile now.

Do you have to be an adult to use Loot?

I would hope not, that would really cut their user base by 70% I would think.

Do you own your own loot through blockchain?

Still wondering about this.

Are you guys still looking for advisors?

Sorry if this has been answered before, but how will Loot track player skill without triggering an anti-cheat system? Also, how will you prevent any sort of cheating, abuse, manipulation, etc of the tracking system?