A video game is refered to an electronic game which involves basically an interaction with a user interface to help generate a visual feedback on a video device which include: a Tv screen as well as a computer. Video game is taken to be a mainstream hobby which was once enjoyed by teenagers but now, it is now enjoyed by all genders as well as age inclusive. Video games can be played on different platforms like: mobile phones, computers as well as consoles. A person who enjoys playing video games is called a gamer and a gamer play games in various settings in their everyday lives. The video game platform is said to be vibrant and despite that game developers are faced with series of challenges such as fierce competition in the market and this has led to the reduction of the life span of games coupled with drastic increase in marketing expenditure as well as platform commission fee and these challenges has led game developers into monetising the game instead of focusing on maximising fun. And also fixing this challenges is what the GXC Platform focuses on solving and they aim to acheive this through the use and application of blockchain technology system.
THE GXC GAMING PLATFORM
GXC is a blockchain based platform which is specifically built for games. The major goal of the platform is to create an ecosystem where players as well as game developers can freely participate, exchange essential values as well as co-exist. In the GXC platform, the players and also the game developers will transfer essential as well as important values amongst themselves by using the GXC coin and token and this will in turn grow the platform. The application of blockchain in the GXC system will give the platform three unique features or characteristics which are:
I. Prevents the manipulation of data and thus preserve them through the blockchain distribution ledger.
II. Improves trust between gamers and game developers and thereby building a mutual as well as beneficial ecosystem.
III. It will reduce expenses for both the players as well as game developers by removing the intermediaries as well as payment gateways.
CHALLENGES OF THE CURRENT GAMING INDUSTRY
The current gaming industry is faced with huge challenges which serves as setbacks to the full scalability of the gaming industry. And these challenges includes:
I. Decrease In The Life Span of Games:
Although the overall game playing time per individual has increased tremendously over the years, the average life span of a game is however said to be decreased due to the fact that more games are being released unlike before.
The shortened game life span therefore results in reduction of the revenue for the game.
II. Increased Cost Of Developing And Marketing A Game.
Coupled with the fact that the competition in the game market is on the rise, the gamers are also as well expecting the game developers to release games with high qualities. With all these, the game developers are then forced to release a game in greater scale and quality which will then result in a higher production costs. Also the fierce competition will also trigger the cost of the marketing of the game to increase. Also in the past times, developers were all able to acheive success through the word of mouth generated organically but coupled with the fact that many games are in huge competition for players, launching a new game now requires a huge marketing budget.
III. High Commission Fees:
In the past, platforms like Google playstore etc serve as powerful promotion channels for the game developers but in recent times, due to the increased number of games fighting for players attention, the Google playstore now see it as an avenue to make profits and as such, they now charge game developers commission fee up to about 30% of the developers fee to help promote their game.
GXC PLATFORM'S APPROACH TO THE MODEL OF THE CURRENT GAMING INDUSTRY:
For Players;
I. A player to player form.of transaction via a decentralised exchange: coin as well as token and also items which are recorded on the blockchain technology system can be stored, transferred and freely transacted by the players who owns the assets. With the decentralised exchange of the GXC platform, players can easily liquidate their in-game assets into the GXC platform's medium of exchange which is the coin.
For Game Developers:
I. Acquisition Of New Players:
One of the major mission of the GXC platform is to retain the marketing which is spend within the ecosystem inorder to benefit both players and also game developers. With the GXC platform, the game developers can give new players GXC coin or GXC token inorder to incentivize them to play the game. Coins or tokens will be utilised within the game to make purchases therefore the value goes back to the game developer.
II. Distribution platform: The GXC platform will take the place of game distribution platforms like steam. As more games and also players are induced into the GXC alliance, the platform will then naturally serve as a distribution as well as discovery platform.
III. Low commission fees:
Unlike the hughe commission fee charged by certain game platforms which in some cases is about 30% of the developers profit will be changed by the GXC platform by imposing developers to increase their marketing budget inorder to maximise their revenue or to design game mechanics which extracts as much in-game purchases from the game players.
GXC ECOSYSTEM
This includes all the models of the GXC platform and the are:
i. Stakeholders
ii. Coin holders
iii. Block producers etc.
PLATFORM TOKEN.
The utility token to be used by the GXC platform will bear the acronym GXC TOKEN and it will be an ERC20 compatible token which will have a total supply of 1,000,000,000.
TO KNOW MORE ABOUT THE GXC PLATFORM
Join the Telegram Group: https://t.me/GXC_EN
Follow on Twitter: https://twitter.com/GXC_Official
Follow on Facebook: https://www.facebook.com/gxc.world
Follow on Medium: https: https://medium.com/game-x-coin
ANN Thread: https://bitcointalk.org/index.php?topic=5055969.0
Website: https://www.gamexcoin.io/
Whitepaper: https://drive.google.com/file/d/1bPi-aXCMBQs0by1wLw2jRgFQ9gHxN9JO/view
Writer’s Bitcointalk Username: Musekay
Writer’s Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2070957
Eth address:
0xdcfC15f46A448c115943329bD7c2c461cB377986