EmpireCoin is an ambitious project which aims to revolutionize the crypto community by creating a new genre of blockchain gaming. The EmpireCoin platform functions as an altcoin simulator; each EmpireCoin game simulates an altcoin with linear or exponential inflation. In EmpireCoin games, players compete against each other to win free coins which are created by the currency's inflation. One empire such as China, the USA or India wins each voting round and everyone who voted for the winner receives a share of the free coins from that round. EmpireCoin is based on a hybrid of POS & POW: some coins are created by proof of work (SHA256 hashing) while others are created by gamified proof of stake. EmpireCoin votes accumulate based on the coins that each player holds. For example, in a game where each voting round takes one hour, a player holding 1000 empirecoins would accumulate approximately 24,000 votes per day. Players can choose to vote small amounts in each round or save up and cast all votes at once in order to receive a large payout.
EmpireCoin is a game of skill; the outcome for each round depends entirely on the votes of the players. Players can gain a competitive advantage by forming a group and voting together. This leads to complex political gameplay as different factions may form and attempt to gain control of the network. Groups which get too large have incentive to splinter or reorganize.
Rather than trying to understand this text, you can just visit
EmpireCoin.org and start playing.
EmpireCoin Web & EmpireCoin Core
This is the first public post about EmpireCoin, however this project has been in development for the past year. EmpireCoin is made up of two main software components:
1. EmpireCoin Web - Web platform to facilitate EmpireCoin private games (Already implemented)
Games are facilitated by the house. The house is a trusted party with the exclusive right to mine blocks, who is also responsible for guaranteeing the integrity of the game and for securely storing and releasing escrowed funds. Private games may be backed by dollars, bitcoins or any other currency. For example, players must pay some number of dollars to the house in order to join the game, then they may buy additional coins from the house if permitted by the game's rules. All funds paid to the house are stored in escrow and once the game ends, these funds are returned to the players in proportion to their final balances. The house may charge a fee to the players by keeping some or all of the mined coins; any fees paid to the house must be disclosed up front for the sake of transparency.
2. EmpireCoin Core - Decentralized currency & protocol (Partially implemented)
In this stage, the EmpireCoin gaming platform will be completely decentralized through the creation of a single EmpireCoin currency which can facilitate arbitrary EmpireCoin games. Players must purchase and then burn empirecoins to set up a game. Once the game ends, the EmpireCoin protocol will re-create the burned coins and pay them out to the players.
EmpireCoin API
(Already implemented)
EmpireCoin players may benefit by using automated methods to cast their votes. Several automated strategies are already built into EmpireCoin's web platform. Players can plan out their votes in advance or they can select and configure a strategy to automatically & strategically cast their votes. Players can also code up a custom voting strategy by hosting an API endpoint on their own server. This API is currently pull based: players enter their API endpoint URL into their web wallet and then the EmpireCoin server will hit this URL at regular intervals and apply it's voting logic.
Team-based Games
(Not yet implemented)
In EmpireCoin team games, every player is assigned to a team. At the end of the game, the team with the greatest net worth wins all the escrowed funds and players from the other teams walk away with nothing.
Virtual prediction markets
(Not yet implemented)
By default, EmpireCoin games are set up with 16 empires as voting options (16 of the biggest nations in the world). However, EmpireCoin can support any type and number of voting options. By setting up an EmpireCoin game with voting options such as presidential candidates, football players, NBA teams, stocks or currencies, EmpireCoin can function as a form of virtual prediction market. Unlike traditional prediction markets, the outcome of events in EmpireCoin may be influenced by real world events, but outcomes are not exclusively determined by them. Real world events may boost the probability of a certain outcome winning but ultimately outcomes are determined by the votes of the players. Unlike traditional prediction markets, players do not lose in-game currency if they vote incorrectly. Instead, the high inflation of EmpireCoin's in-game currencies discourages inaction, encouraging players to bet and rewarding those who cast winning votes.
Our Team
Joey Rich is EmpireCoin's concept creator and lead developer of the EmpireCoin web platform. He has previously engaged the crypto community with projects like BuyBitcoins.com, SellBitcoins.com and BitcoinGiftCard.org. Joey has several years of corporate software development experience with companies like Gameday Housing and FanPay.org. He also operates OpenOffCampus.com, a real estate advertising service and is one of Bitcoin's earliest adopters.
Madisco X has chosen to remain anonymous; he is the lead developer of EmpireCoin Core, the decentralized currency & protocol which will facilitate fully decentralized EmpireCoin games. Madisco is an altcoin enthusiast who has contributed to several high profile open source crypto projects.
Project Milestones
- EmpireCoin web platform opens for limited testing; several invite-only games will be conducted to try out EmpireCoin strategy.
- EmpireCoin web platform is fully opened to the public, allowing anyone to test the platform and play games.
- EmpireCoin Initial Coin offering (ICO) is held. Funds raised from the ICO will be used to develop both EmpireCoin Web and EmpireCoin Core. In exchange for their funds, ICO investor will receive shares of the EmpireCoin currency. Since EmpireCoin Core will be incomplete at the time of the ICO, shares will be given out via an EmpireCoin private game.
- EmpireCoin Core is released. When this happens, the private game mentioned above will be migrated to the fully decentralized EmpireCoin currency; real empirecoins will be given out based on the balances of the private game.
Try it Out
Today I would like to kick off EmpireCoin with a handful of EmpireCoin private games. The first game will start once 20 players have joined and paid 0.05 BTC each. This game will last for 20, twenty minute rounds or approximately 6.5 hours in total. For users who are hesitant to risk real money, a free 20 player game has also been set up. Players should be sure to enter their planned votes ahead of time to avoid missing out on votes. Once this paid game is complete, the 1 BTC which in escrow will be divided up and given out to all of the players based on their final balances. For more information, please visit our home page,
EmpireCoin.orgCurrently all games are invite only. To request an invitation, please post on this thread or send me a personal message. Additional games can be created upon request.
Questions and suggestions are welcome in this thread. Thanks in advance for trying EmpireCoin.
-Joey Rich
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