EON (EOT): DECENTRALIZING THE GAMING INDUSTRY VIA THE BLOCKCHAIN
Introduction
A quick look at the global gaming industry will give a positive impression, a rising profile with millions of dollar generate as revenue yearly. However, this can be quite misleading as the bulk of this revenue usually goes for marketing these games, leaving the developers with little or no profit for their hardwork.
These days, it cost a fortune to get a player for game newly developed, and this has created a sort of monopolistic market where only big gaming companies who can afford the cost of marketing their games to get users are the successfully players in the market. Starter-ups who don’t have enough funds to get player for the game they built might get frustrated eventually and leave the game they have laboured much on.
EON foundation understands this gap and introduces the EON platform to redress this anomaly. On the EON platform, game players can discover new games, play it amongst themselves and share it. Through the use of blockchain technology, the EON platform us more intuitive, reliable and can he used irrespective of the player’s geographical location.
Problems Associated With the Present Games Sharing Mechanism
The current means of sharing games is marred with so many irregularities such as difficulties in making payment. The challenge here is that of finding suitable means of making payment locally by individual players in their home country. Since most game developers target a global audience, billing the different players spread across diverse countries and continents can be herculean.
While there are distribution platforms that can work with multiple currencies, there are certain local game sharing platforms where only local currencies are allowed.
Developers are therefore forced to partner with local operators in such scenarios or manage the local payment by converting to the local currency.
The gross implication of this is increase in the cost of developing and managing the cost and at times, some countries where it is extremely difficult to operate at their local currencies cannot access such games.
Yet another challenge associated with the present game sharing system is the increasing cost of getting new players for the game. Anytime a developer finish the process of building a new game, there is always the burden of finding players for it and games sharing platforms charge high fees for listing a game on their platform.
The cost also equally has temporal dimension as time is wasted in finding these gamers for a newly-built game. More often than not, game developers are forced to build their games to comply with the stipulations of the platform where the game is to be shared. As if this were not enough, these sharing platforms are not very transparent in their operations.
How EON seeks to Solve These Challenges
EON platform is a forum for exchanging games that uses Blockchain technology, precisely, the Ethereum to solve all these issues. The EON foundation seeks to empower gamers to build decentralized games. The platform is out to bring more fun and accessibility to games for people while ensuring openness, efficiency and worldwide accessibility.
To ensure this accessibility, the EON is designed on Ethereum which will make the games on the platform open to everyone across the globe. The payment system is made efficient through the use of cryptocurrency, the EON token which removes the barriers of converting to local currencies before done players can access the games. Similarly, game developers get their payment swiftly after uploading their games as transactions on the Ethereum is rather swift.
Again, gamers can easily find games for developers, such games can be promoted without hassles because Smart Contracts is used to analyse the traffic on the EON platform. The result will reveal which game is most preferred by gamers and the process of searching choice games is easier with the Smart Contracts. Developers get to earn more by the reduction in production cost and gamers too earn more token by supporting choice games.
Conclusion
EON platform is an Ethereum-driven forum that allow game developers to share their games at a fee so that they get players for their and start earning based on the number of people who love to play their game. The official token on the platform is EON and it is used for all transactions on the ecosystem. It is an ERC20 standard type token whose total hard cap supply is 2.1 billion token.
For more information please visit
Website
http://eontoken.io/
Whitepaper
http://eontoken.io/EON-Whitepaper.pdf