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Author Topic: [ANN] Spells of Genesis - Innovating the Game Economy with BitCrystals (BCY)  (Read 504909 times)
hnin
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June 23, 2017, 10:33:55 AM
 #4281



If you have missed Nova Crystalis yesterday, you can watch it now!



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«««« SpellsOfGenesis.com  Collect Monsters and Cards on Blockchain  »Collect« »Trade« »Evolve« »Subscribe to beta now«»»»»
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June 23, 2017, 11:13:55 AM
 #4282

At current market cap there is still lot's of potential. Yesterdays presentation again proved that. Just some reasons why I invested in BCY:

- The team behind SoG is super solid
- Many serious partnerships are constantly announced
- Active community with exponential growth potential
- Everdreamsoft already been very succesful in the market before
- There is frequent communication from the team to it's community
- There is a clear roadmap with constantly new goals being added and timely realized
- There is a revenue model that has already been working from the start
- There is an actual real and good looking platform that is constantly updated

Compare this to other coins that are currently valued at 20x BCY... They are often just idea's with vague revenue models that yet have to be proven.

^^  Completely agree with this fundamental analysis!  ^^
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June 23, 2017, 11:20:44 AM
 #4283

I can not understand how people can call this a shitcoin. It actually delivers a very addictive and professional looking game....

The coin does not deliver a game.  Actually you can play the game without the existence of BCY.  You can even acquire all the game assets without BCY as you can buy them with Bitcoin or XCP.  In other words, BCY is presently quite useless as it does not provide anything more than what Bitcoin can provide.  The only use for BCY was the ICO, but it should have been burned 100% after redemption of bonus.  Also BCY is not a representation of the game's popularity as it is not an equity either.

On the other hand, XCP is not a shitcoin because XCP is needed to make Counterparty work.  XCP is also not a scamcoin as the issuance for every XCP was done through the burning of Bitcoin (unlike Omni which is a scamcoin)
You are right, you can play SoG without BCY, but you can't say they are useless and completely unrelated.
1. If the game works well there will be more interest in SoG cards.
2. If there is more interest in buying SoG cards there is interest for BCY.
3. You can't buy SoG cards with any other cryptocurrency except BCY, so we could say Bitcoin is useless Smiley (of course not)
4. I'm still new in world of cryptocurrencies, but as I see the things for now there are plenty of coins which truly are useless (only for trading), in BCY's case I think there is very good base for real need of the coin.
5. They are working with other games so you can use same card from Book of orbs in other games, which is very good for advertisment too.


"1. If the game works well there will be more interest in SoG cards."
Agree that a percentage of players will be interested in the cards.  I would guess that it would be aournd 10% of active players assuming they learned about the game outside of the crypto community.

"2. If there is more interest in buying SoG cards there is interest for BCY."
How so?  Are BCYs collectibles?  I would argue on the contrary, that SoG cards will take interest away from holding BCYs.  The sole purpose of holding BCY is to buy SOG cards, and only SOG cards at present.

"3. You can't buy SoG cards with any other cryptocurrency except BCY, so we could say Bitcoin is useless Smiley (of course not)"
Go to http://tokenrank.tokenly.com/ and input any coin on the top right side and you will see all the SoG cards that can be sold for let say bitcoins.  For a seller it makes so much more sense to require Bitcoins rather than BCY as he doesn't need to go through the exchange to get Bitcoins.  Unless of course he wants to keep BCY for future purchases of SOG cards.

"4. I'm still new in world of cryptocurrencies, but as I see the things for now there are plenty of coins which truly are useless (only for trading), in BCY's case I think there is very good base for real need of the coin."
Unfortunately, the present "need" of BCY is based on human made barriers such as creating an app that dictates to users what coins to use for what cards to buy.  However, in the case of swapbot, it is a real free market and you will notice that peer to peer independent traders prefer bitcoins to BCY or even XCP.  EDS needs to come up with a genius idea to make BCY truly valuable regardless of market speculation.  If BCY was integrated within the game, which App stores wouldn't allow, then BCY would be truly valuable.

"5. They are working with other games so you can use same card from Book of orbs in other games, which is very good for advertisment too."
Agree, and this is why i'd rather collect cards than hold BCY.

1. I once read that most of the money games like this earns comes from ''whales'' (players which spends a lot). Example: Let's say we have a group of 100 people, 95 people won't spend nothing, 4 will spend 10 BCY and that one ''whale'' will spend 1000 BCY. So total 1040 BCY and a big majority comes from one player. More players there are, bigger the chance of ''whale''.

2. We are still with that ''whale''. He downloads the game, find games interesting and want to buy cards. If he isn't really interested in cryptocurrenicies he will take the shortest and easiest way to get to cards: buy BTC, buy BCY with BTC and he will be ready to buy any card in Book of orbs. So he wanted cards in the first place, but he needed BCY to get them, so there is interest for BCY.

3. OK, you can buy with other currenices. I haven't seen this site you posted till today. But still if player of SoG isn't very interested in all this stuff he will just want to buy cards in BoO with minimum work.
 
4. I imagine things like this: There is a shop (BoO) which has only one currency as a payment method (BCY). They are selling products (cards) which you can use for having fun (SoG + some other games). This I think it is a good base for currency and there is some actual need for it. Although you are ''limited'' with what shop offer (is this what you thought?) it is still good thing in my opinion.
You can buy same products on street or elsewhere (http://tokenrank.tokenly.com/ and swapbot(?) and others) for other currencies. But still many people will prefer to go to official shop.

So are the APP stores the only reason why there are two seperated apps (BoO and SoG)? I thought it made it easier to integrate cards for other games if there is a different app for cards and games. (a person may want to buy only card for some other game then SoG).

5. Nothing to ask/add. Smiley

I may be missing some crucial information which would make my statements stupid, so please correct me.

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