What is it?
Game Loot Network acts as an app stored for video games and gaming-related content with the incorporation of blockchain technology. The project seeks to enter into the ICO stage shortly so as to raise funding for project development.
How it works?
The online distribution platform utilises LOOT as its native cryptocurrency and has the key features of decentralised video game publishing, e-sport style tournaments with cryptocurrency prize pools and the native LOOT utility token to enable real-life rewards. The identify current issues in the industry as overpopulated distribution platforms with barriers to entry prohibiting independent video game development rendering many ideas failures even before launch.
Democratisation of Video Game Development
They believe that their platform remedies these issues as the decentralise game publication functionality is complemented by an integrated crowdfunding platform. This allows for independent video game developers to submit their game ideas to a catalogue within the platform. Users can their offer LOOT tokens as sponsorship for projects they like and in return, backers receive a revenue generating percentage of the upcoming video game. This novel application allows developers to reduce their costs and gain an incentivised grass-roots following.
To incentivise adoption and usage, the platform has a three-rank system: Tourist, Citizen and Ambassador; where each utilises a subscription model to allow the user to gain commission earnings.
The Game Loot Network boasts a competent team with considerable technical, legal, technological and business administration experience. Moreover, the project has already generated a 5.3M USD revenue between just June and December 2016, and has crafted meaningful strategic partnerships with braincloud, bitHeads and getset among others.
The LOOT token sale began on 29th May, however the project is till in the private sale phase, for which you must be whitelisted first. To get whitelisted for private sale participation please open: https://gamelootnetwork.com/private-sale/step/contacts. Each token will be valued at just 0.35 USD in the main sale which ends on 21st July. If you would prefer to participate in their public token sale, without the advantage of bonus coins from earlier participation, this will begin on 1st September 2018.
We believe that the democratisation and increase in accessibility of video game development make the Game Loot Network a worthy blockchain project to invest in. They have a competent team, a market-viable concept, strategic partnerships, a well-developed roadmap and a working model addressing a real-world issue through the incorporation of blockchain technology. Do not miss this opportunity to realise the returns you deserve.
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