SCARCECOIN: A DECENTRALIZED PLATFORM THAT TRANSFORMS THE VIDEO GAME INDUSTRY
What is ScarceCoin All About?
The scarcecoin platform was created to transform the video game industry. It is a decentralized peer to peer proof of stake ER20 token backed crypto project. This platform aims to develop a decentralized gaming platform whether mobile or desktop, where gamers not only play video games for leisure, but can also take gaming as a profession and then earn decent income from just playing video games! The scarcecoin tokens will be making use of in-game currency.
The time has gone when wealth can only be created through physical labour but in this current digital age, the wealth can now be created through information and ideas. No longer should a gamer spend hours trying to complete a task or getting a mission accomplished in a viseo game without the possibility of making some economically viable earnings.
Ever since, a lot of game developers make a lot of huge profits from creating addictive and interesting mobile/desktop games which a gamer will need to pay to download so as to enable them play but they do not get anything in return apart from just getting entertained . The scarcecoin platform intends to positively change the game industry. Just like the professional and active sports men and women earn millions from doing what they love to do most, this platform also believes that a game lover should be able to earn money from doing what they love to do.
By implementing this, it is going to transform the gaming industry and it is what millions of gamers around the world have just been waiting for. Finally! the time has come. The platform will consist of all genres of video games from which the gamers can download and play. The gamers can then earn some scarcecoin tokens by completing tasks and competing against other players. The number of coins that can be earned from any particular game depending on the level of difficulty of tasks to be completed within the game and other factors. Please note that scarcecoin will be the game currency of every game within the scarcecoin gaming platform.
Staking is the process of validating transaction and producing more tokens till the maximumm supply is reached just as mining is to bitcoin but with scarcecoin PoS token standard, you do not need expensive mining rigs to mine and get more of scarcecoin.
The scarcecoin platform is based on PoS standard and because of that, it simply means that only the gamers can find use for the token. Gamers can also earn more scarcecoin tokens by staking it for annual return of 100% staking interest. In subsequent years, the reduction in the staking will be seen. The second year will have staking interest at 50% and the third year onward staking interest will be 10%.
What the gamers are expected to do is to get some coins in their wallets, then leave the coins unspent for a certain minimum number of days and it automatically qualifies for skating and this can enable the gamer to receive stake interest. As soon as the minimum number of staking days is reached, the gamer just need to send the token to their wallet address and they will get a percentage of token that they already have. What this simply means is that the gamer will not be able to spend their coin during the period of staking if you want to receive staking reward but with up to 100% token return annually, it is a worthy sacrifice to make.
THE SCARCECOIN VALUE
Whenever the ICO is over, scarcecoin will be listed on different exchanges so that it can be bought and sold. Once scarcecoin enters the exchange, the price of the coin will be determined by the law of demand and supply.
The reserved coins are meant to service the referral program, service bounties that will be announced later on and for promotional purposes.
ICO (Initial Coin Offering)
The ICO will start on the 1st Of February, 2018 and end on the 31st of March, 2018 in 4 price rounds but at a rock bottom price of 0.01 dollar per coin. However, all available ICo will be offered up for sale at onc and could be completely sold out at any of the rounds.
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ANN THREAD: https://bitcointalk.org/index.php?topic=2885433