★★★ GameCredits - The future of in-game monetization ★★★

[Jack Kuveke]

GAME has took quite a hit on Polo today - so decided to buy a stash of them - looks like this coin could do pretty well over the next few months and the current price looks like a good entry point... Lets see =)

On the eve of the opening of the Gamecredits Mobile Store now we have a good opportunity to buy cheap Gamecredits, that will yield good returns in the spring, as well as get additional bonuses for participation in MobileGo ICO. Bitcoin growth gave some great points to enter on the altcoins market, and it is necessary to use this good opportunities to buy.

I don't see the bonuses for participation.  Where did you see this?

Bonuses for investments in GameCredits is written in the whitepaper, however the bonus amount has yet to be determined, but is estimated to lie around 10-15%.

So we get mobilego tokens for investing in gamecredits?

No. If you invest in MobileGo using GameCredits you will get a ~10-15% more MobileGo.

[MentalMigraine111]

So gamecredits will be used to buy games. Where do the gamecredits go that are used to buy games? ARe they burned off or put back on the market?

[Jack Kuveke]

So gamecredits will be used to buy games. Where do the gamecredits go that are used to buy games? ARe they burned off or put back on the market?

They go to the developer where they can use our system to exchange to fiat. However, most developers will want to keep GameCredits because of the increasing value and the ability to offer gamers incentives. We expect developers will choose to perhaps keep 40% of their funds in GameCredits and exchange 60% for fiat.

[MentalMigraine111]

That sounds pretty good actually. But what do you mean by gamer incentives? Can you give an example?

[Jack Kuveke]

That sounds pretty good actually. But what do you mean by gamer incentives? Can you give an example?

Sure. Gamers can actually earn GameCredits by playing their games, purchases made in gamecredits will have discounts, and gamers can join mobile game tournaments and win GameCredits. All of this is possible on our platform, offering gamers ways to make money just by playing.

[MentalMigraine111]

oh i see they will let them win gamecredits for playing their games in tournaments your saying? So it makes them want to play the game. That is clever idea. I am trying to figure out how it benefits the sellers to keep gamecredits. So they would want to keep them as they go up in value to buy games cheaper? Is that what gamcredits buys is video games does it buy anything else? I see why people would want mobile go credits to win gamecredits and then buy video games. But who is the one that funds the tournaments with gamecredits? I am guessing its the developers? I see it makes poeple want to buy gamecredits and hold on to them as they go up in value people can buy video games cheaper and as they go up in value people will want to get more involved in tournaments through mobile go tokens. Thats very interesting how you connected both of them. Now do the mobile go tokens go up in value? Is it a fixed amount or is it inflationary? I am guessing they will pay mor for mobile go tokens as gamecredits value goes higher to win gamecredits.

[Jack Kuveke]

oh i see they will let them win gamecredits for playing their games in tournaments your saying? So it makes them want to play the game. That is clever idea.

Yes. And also, Gamers can transfer their funds from game to game, enjoy higher consumer deposit limits, and earn discounts for in-game purchase using GAME.

Also, GameCredits also buys in-game items. This is where most revenue in the gaming world comes from. GameCredits is meant to be a currency to take over in-game purchases. Now, why would developers want to keep MobileGo? Because of the increasing value, and also the ability to incentivize gamers. Imagine how many more people will play a game they can earn money by playing. If a developer took .5% of the revenue GameCredits saved them (we charge 10% instead of 30% like Apple or google so we save developers 20%), a developer could award gamers with GameCredits. This would drive traffic up and actually help both the gamer and the developer.

Also, GameCredits Inc (the company) will be running the tournaments in partnership with game developers. This is another way to greatly increase traffic to whichever game is running the tournament, and also award gamers with cash for playing.

MobileGo tokens will be set at a fixed amount of 100 million. However, over time we will buy back and burn some of the supply.

[MentalMigraine111]

I edited my last message so i see that makes customers want to be apart of gamecredits store they can bounce game to game and when the game credits go up in value by whatever games they want. And the developers will use some of theme for tournaments for players to win and keep them engaged in the game. So everyones going to want gamecredits to be part of the eco system and use mobile go to win more in tournaments. It says you guys are using paypal as a payment option is that still in the works?

[Jack Kuveke]

I edited my last message so i see that makes customers want to be apart of gamecredits store they can bounce game to game and when the game credits go up in value by whatever games they want. And the developers will use some of theme for tournaments for players to win and keep them engaged in the game. So everyones going to want gamecredits to be part of the eco system and use mobile go to win more in tournaments. It says you guys are using paypal as a payment option is that still in the works?

So I edited my last response because I saw your new message We are in the middle of integrating paypal. We have integrated Visa, Mastercard, JCB, Discovery, and American Express already.

[MentalMigraine111]

so what will the mobilego ico price be? and also how can you buy them with gamecredits? Will the waves platform carry gamecredits so we can get mobilego on discount?

[wheelz1200]

I think the main fact of being able to transfer GameCredits from game to game and not being "stuck" with that single game's currency is a sweetener no one has recognized yet.

[Jack Kuveke]

so what will the mobilego ico price be? and also how can you buy them with gamecredits? Will the waves platform carry gamecredits so we can get mobilego on discount?

The price of MobileGo will be determined by the amount invested. You can invest in MobileGo with GAME and receive ~10-15% discount (rough estimate for now).

[MentalMigraine111]

so what will the mobilego ico price be? and also how can you buy them with gamecredits? Will the waves platform carry gamecredits so we can get mobilego on discount?

The price of MobileGo will be determined by the amount invested. You can invest in MobileGo with GAME and receive ~10-15% discount (rough estimate for now).

But how would we invest gamecredits into mobilego is waves going to carry gamecredits? Or will there be a way we can invest through your website using game credits?

[windjc]

so what will the mobilego ico price be? and also how can you buy them with gamecredits? Will the waves platform carry gamecredits so we can get mobilego on discount?

The price of MobileGo will be determined by the amount invested. You can invest in MobileGo with GAME and receive ~10-15% discount (rough estimate for now).

But how would we invest gamecredits into mobilego is waves going to carry gamecredits? Or will there be a way we can invest through your website using game credits?

Correct, participants can use GAME, BTC, ETH, or WAVES to purchase MobileGo.

[MentalMigraine111]

I think the main fact of being able to transfer GameCredits from game to game and not being "stuck" with that single game's currency is a sweetener no one has recognized yet.

how do the developers collect the gamecredits on their games then?

[Jack Kuveke]

I think the main fact of being able to transfer GameCredits from game to game and not being "stuck" with that single game's currency is a sweetener no one has recognized yet.

how do the developers collect the gamecredits on their games then?

When someone purchases in-game items with GAME, the coins are registered in the system and paid out to the developer in a couple of days (developers are typically paid in 60 day intervals so this is a major improvement). Every developer has an account set up with GameCredits so the system is automatic.

[MentalMigraine111]

I think the main fact of being able to transfer GameCredits from game to game and not being "stuck" with that single game's currency is a sweetener no one has recognized yet.

how do the developers collect the gamecredits on their games then?

When someone purchases in-game items with GAME, the coins are registered in the system and paid out to the developer in a couple of days (developers are typically paid in 60 day intervals so this is a major improvement). Every developer has an account set up with GameCredits so the system is automatic.

This has a lot of potential. I see why iconomi now has you guys in their portfolio. I could see players going nuts spending gamecredits just to beat another player. I will probably put 20% of my game into mobilego. Hopefully you guys give 15% more back so its almost double the amount. I will definitely be a gamecredits hoarder now. I don't understand the dip but I think i am entering at a nice discount.

[Jack Kuveke]

I think the main fact of being able to transfer GameCredits from game to game and not being "stuck" with that single game's currency is a sweetener no one has recognized yet.

how do the developers collect the gamecredits on their games then?

When someone purchases in-game items with GAME, the coins are registered in the system and paid out to the developer in a couple of days (developers are typically paid in 60 day intervals so this is a major improvement). Every developer has an account set up with GameCredits so the system is automatic.

This has a lot of potential. I see why iconomi now has you guys in their portfolio. I could see players going nuts spending gamecredits just to beat another player. I will probably put 20% of my game into mobilego. Hopefully you guys give 15% more back so its almost double the amount. I will definitely be a gamecredits hoarder now. I don't understand the dip but I think i am entering at a nice discount.

I think people are very quick to assume we're a pump and dump, and that we aren't successfully doing anything in the gaming space. However, that is simply not true. We're developing everyday.

In the end of the day, our goal isn't to revolutionize the way crypto enthusiasts trade. It's to revolutionize in-game economies and become a huge player in the over 100 billion dollar gaming industry.

[pinkman12345]

I think the main fact of being able to transfer GameCredits from game to game and not being "stuck" with that single game's currency is a sweetener no one has recognized yet.

how do the developers collect the gamecredits on their games then?

When someone purchases in-game items with GAME, the coins are registered in the system and paid out to the developer in a couple of days (developers are typically paid in 60 day intervals so this is a major improvement). Every developer has an account set up with GameCredits so the system is automatic.

This has a lot of potential. I see why iconomi now has you guys in their portfolio. I could see players going nuts spending gamecredits just to beat another player. I will probably put 20% of my game into mobilego. Hopefully you guys give 15% more back so its almost double the amount. I will definitely be a gamecredits hoarder now. I don't understand the dip but I think i am entering at a nice discount.

I think people are very quick to assume we're a pump and dump, and that we aren't successfully doing anything in the gaming space. However, that is simply not true. We're developing everyday.

In the end of the day, our goal isn't to revolutionize the way crypto enthusiasts trade. It's to revolutionize in-game economies and become a huge player in the over 100 billion dollar gaming industry.

I like your words, they make me buy more!! I too don't understand this dip as was said a few comments above.. any explanation? Btc rising, but so are most other coins

[Jack Kuveke]

I like your words, they make me buy more!! I too don't understand this dip as was said a few comments above.. any explanation? Btc rising, but so are most other coins

I've said this time and time again. People have a tendency to overlook niche (but massive) markets. When we hear about blockchain we instantly think of the trillions of dollars transacted every year, and the size a coin could grow to if it caught just 1% of all those transactions. However, this mindset is limiting. If we instead think of the individual sectors that could be vastly improved with blockchain tech, we can see real world applications that can manifest in a much shorter amount of time. I believe this is the future of GameCredits. However, people want quick profits that are caused by strategic marketing campaigns for products that don't even do anything yet. This is nearly all of the top 50 cryptocurrencies out there. Over the last 2 months GameCredits has provided more developments than any period of time in it's three year existence. Our chart over the last three years shows tremendous growth, but our BTC price has not risen in six months (although in dollars we're up 10 cents in that amount of time). But even with this negativity comes a tremendous positive our dedicated community never fails to see. Eventually the coins that will reign on top will be the ones with real world applications. The ones that are closest to being used by the masses. I'm confident that GameCredits is among the closest to this outcome. Just remember, BTC went from ~25 to 2 dollars in 2011 before it became noticed for it's real world applications.