The gaming world is getting more realistic with the emergence and integration of the Blockchain technology. The Blockchain and Smart contract technology has made it possible to shift the old gaming paradigm from “pay-to-play” “free-to-play” to “earn-to-play” in order to enhance gaming experience in this contemporary world.
The idea of earning real money in gaming is not new to the gaming industry but there has been some bars which limit the full realization of this innovative idea. Almost all the problems hindering the actualization of this idea stem from the archaic existing payment system which is built on a centralized model. Some of the shortcomings are:
- Prolong payment transaction
- Fraud issues
- High cost per transaction
- No transparency in data transaction
- Global transfer fee
- Lack of connection between different games
Third party game item trading sites like the ItemBay in Korea has been one of the avenues for gamers to trade hard earned game items for real money but the question is, “Are the other game item trading sites legit to do transactions with?” Gamers end up being scammed due to the lack of proper security in the market place.
Also, the old payment system is subjected to delays and third party organizations control which can decide to halt or stop a transaction.
Gamers are faced with the fate of not being able to transfer hard earned game items to different games to enhance more fun in their gaming experience.
After a thorough scan of the gaming industry, Yumerium took upon its shoulders to utilize the Blockchain technology and spearhead the movement of the gaming industry to another light of tremendous fun-and-earn model. Yumerium wishes to seize the opportunity of the game industry which is now worth $109B and expected to hit $128B by 2020 with 6%+ CAGR.
Yumerium will achieve this acceleration from the pay-to-play and free-to-play paradigm shift to the earn-to-play by firstly testing the concept with its own games as well as its partnering games.
YUM is the major facilitator in the Yumerium ecosystem. Seeding Fund in the form of YUM will be giving to all games that join or partner with Yumerium in order to increase their gaming scope by attracting more gamers.
Gamers will also get the chance to earn or mine YUM as they play, share, and review the games they play. Any gamer in possession of YUM can then pay for game money.
YUM can be used by game developers to help them realize their goals by using YUM in their promotion through airdrops, bounty programs or referral bonuses.
YUM will create a connection between all games within the Yumerium ecosystem, thereby enabling users to use YUM in all games associated with Yumerium.
The token name is Yumerium with YUM as the symbol. Initial price will be 1 YUM = $0.1. Hard cap for the token is 500,000,000. The accepted payment currencies are USD, BTC and ETH.
Visit these relevant links for more information on Yumerium and Token sale:
- Website: http://www.yumerium.com/
- ANN Thread: https://bitcointalk.org/index.php?topic=3272290.new#new
- Telegram: https://t.me/joinchat/H5o7EE7ncnHvSXJJYWSLYg
AUTHORSHIP
Forum username: Reality18
Profile URL: https://bitcointalk.org/index.php?action=profile;u=1618933
