SGame Pro™
It is interesting that cryptocurrency was originally envisioned only as a payment system. With the advent of Ethereum, the scope of blockchain technology and crypto tokens has multiplied. Now, code segments and independent programs can be integrated on the blockchain to form what is known as “smart contracts.”
Smart contracts are being used to construct decentralized systems in diverse industries. According to Cryptocurrency News, smart contracts and the use of Turing programming languages has lent blockchain versatility, which has enabled the gaming industry to grow in adoption, quality and profitability.
Trust and Credibility Issues
Exchange of goods and services forms a vital component of the multiplayer gaming domain. But, along with that comes the high risk of fraud. Player-to-player interaction has increased the instances of fake item circulation, distribution of duplicated items and even espionage. So much so that today, it is becoming increasingly difficult to trust anonymous players.
According to an article on The Crypto Collectors, the advent of smart contracts has made it possible to tackle these issues of trust and ownership, and even fungibility of assets. These contracts can be automated, which ensures complete transparency and verification. Thus, the system also removes the need to have a top-level administrator for a game.
Democratization of the Gaming Ecosystem
Voting activities are common in online gaming communities. The current system allows rankings to be allotted to teams, servers, items and even players. The public nature of the distributed ledger could solve corruption problems here. Decentralized smart contracts, with pre-determined rules and security regulations, will help to achieve transparency in the voting process, according to an article on EnjinCoin.
Using the Technology to Reward Players
There is a need for better regulation of in-game monetization, which would benefit both players and developers. We have already talked about the issues of in-game micro-transactions, such as trading and purchasing items. Apart from these, there are players who do not get rewarded for the time and effort they put into gaming. With the use of tokens, players can be rewarded for completing quests in a game or simply by spending time on their favorite games through a revolutionary “Proof-of-Play” concept.
But now, i want to introduce you all to SGame Pro™, a mobile gaming aggregator that has created a distribution mechanism controlled by smart contracts to reward players with its SGM tokens. These tokens can be earned through Proof-of-Play and then used to purchase items within the eco-system. This is similar to how miners get rewarded with coins in exchange for solving a difficult equation.
Founder and CEO of Sgame Pro™, Gip Cutrino, says, “The ‘Proof-of-Play’ protocol is one of our major technical innovations. It will assist in gaining consensus regarding whether a player has fulfilled the prerequisites for earning our tokens. These tokens will allow them to perform all transactions within our ecosystem, without any costs or waiting time associated. This is exactly like the Proof-of-Work protocol, where the computational efforts of miners get rewarded.”
How It Works
When ICO owners decide to tokenise a business model, the ‘whys’ and ‘hows’ of its implementation in the ecosystem become a vital factor in the success of the ICO. Tokenomics, as this concept is called, doesn’t work on a one-size-fits-all formula. Every project must build its token economy in a way that incentivises its use and, at the same time, solves the critical question of why it was conceived.
For the Sgame Pro™ team, the SGM token is the base on which the entire gaming ecosystem will thrive on. Let’s look at how this token will benefit every element on the platform.
What Does it Aim to Achieve?
For the uninitiated, here’s a small recap on the project. Sgame Pro™, a leading mobile game aggregator platform, is aiming to build a system that will overcome existing challenges in the mobile gaming industry to the benefit of players, publishers, merchants and influencers. At the heart of the project lies the SGM token, an ERC-20 standard utility token that will be the sole medium of exchange on the platform. Players will be rewarded with these tokens for playing their favourite multi-player games online, based on activities they complete. Using these tokens, players will be able to buy digital assets and access other games on the platform, without any wait time. They will also be able to challenge each other, based on a certain amount of SGM as reward.
Publishers will be able to exchange these tokens to buy promotions for their games on the platform, and influencers can reward their followers without compromising their image.
The “Proof-of-Play” Protocol
Around 24% of the total token reserve will be kept aside as the SGM liquidity reserve. This will be used to reward players, based on the ‘Proof-of-Play’ protocol, something like the ‘Proof-of-Work’ protocol, minus the computational complexities. This will be a way by which the platform will arrive at a consensus of whether enough ‘play’ has been completed by a player to be rewarded with a ‘Play-Block’. The sizes of these blocks will vary on the basis of time and effort put in.
These tokens will get deposited into the player’s internal SWallet (Offchain). Deposited tokens can then be used to perform all transactions on the platform or transferred to their external wallets (Onchain). Publishers and merchants will be provided with open-sourced plugins, APIs and SDKs, so that players can make purchases using the tokens.
Inflows and Outflows of Tokens
The whole system has been designed in such a way that SGM flow inside the platform is OffChain. This will keep the system clear of the usual problems of the Ethereum blockchain, such as congestion, confirmation times, etc. The SGM liquidity reserve is expected to grow in the future, as the number of participants on the platform increases.
CEO and Founder of Sgame Pro™, Gip Cutrino, stated that the absence of the need to use fiat currencies to buy digital goods will lead to an increase in player engagement rates. The team will aim to maintain at least 10% of its liquidity reserve during its run, and will buy back SGM from exchanges, whenever needed.
Benefits for Players
There’s no point incorporating blockchain into a gaming model unless the players benefit right? Well, with the all-new Sgame Pro™ platform players will be able to mine SGM tokens by simply playing their favourite games. Pretty cool, huh? Just like crypto miners are rewarded with crypto coins after they fulfill certain conditions of the smart contracts (proof-of-work) those using the Sgame Pro platform will benefit from the proof-of-play concept. Essentially, rewards will be given in the form of ‘play-blocks’ according to the time and energy invested into gaming on the platform.
Tokens mined can be used across the platform to buy digital and physical goods from the Sgame marketplace. Founder and CEO of Sgame Pro™, Gip Cutrino, said, “We are aiming to become a one-stop shop for players to access their favourite online games. Players will no longer have to use their fiat money to buy digital assets, but can instead use SGM tokens to buy them. This will increase engagement rates.”
According to an article on Howtotoken, traditional gaming models make it difficult or impossible to trade assets; assets which are also useless for other games. Third-party marketplaces also take a good portion from all micro-transactions. With the Sgame Pro™ platform, however, players will be able to exchange their tokens and will also be able to transfer them to their external ERC-compatible wallets, to be stored for later use.
Benefits for Publishers
So, players benefit from blockchain, but what’s in it for the publishers? When it comes to the Sgame Pro™ platform, the first advantage will be the sheer amount of player engagement that will arise as a result of the SGM token utilities. This will naturally bring in more revenue.
Another important feature of the platform is its ability to let players indulge in traditional single-player games in multi-player formats. Through a feature called ‘Challenge’, players will be able to compete with other players for a fixed quantity of SGM tokens. Based on the amount of tokens, publishers will also receive a fee in the form of SGM, which they will be able to exchange in return for promotion of their games.
Sgame Pro™’s strategic partnership with Pewdiepie, the #1 YouTuber in the world, will also give publishers access to his 60-million online followers. This will offer free global online promotion opportunities.
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MORE INFORMATION, VISIT THE LINKS BELOW:
Website : https://sgamepro.io/
Facebook : https://www.facebook.com/sgamepro.io/
Telegram : https://t.me/sgamepro
Reddit : https://www.reddit.com/r/sgamepro/
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