Interview with the Worldopoly Team
Today, I have interviewed the Worldopoly team on their ICO and future projects. Worldopoly is developing a mobile game combining AR, AI and Blockchain. To reach their ambitious targets, they have just launched a token private pre-sale and they will start their public ICO on the 2nd of April.
1) What problems are you solving, why is the blockchain technology necessary and what are the main pillars that define your company and differentiate you from your competitors?
What problem are we solving?
The main problem of Blockchain right now is the lack of mainstream appeal. Most people have heard about it but only a few actually know how it works and a lot of people are afraid of getting involved. So, tapping into the mobile game market with its 2.8billion players is a fantastic opportunity to familiarize people with the amazing advantages of Blockchain. Cryptocurrencies especially have a bad reputation as highly speculative and unsafe. With Worldopoly we give people an easy and risk- free entry point into the world of cryptocurrencies and Blockchain. By giving people the possibility to sell object for WPT, players get involved in trading with cryptocurrencies as well as monitoring the exchange rates and all things needed to succeed in the crypto-world while playing the game.
What defines your company and differentiate you from your competitors?
We are an established Swiss-German software development company existing for almost a decade. So, we’re familiar with the whole development cycle of large scale projects for example for the German automotive industry. This means that we have the experience of planning, executing, testing and evaluating projects. As such, we see our pillars in uncompromising focus on quality and timely execution.
That is also our main difference to our competitors, we actually developed a working prototype and a realistic timeline before we launched our ICO. Which also reflects in our ratings on ICObench and other rating sites.
2) What value are you adding to your industry value chain and which are the main obstacles you have presented?
The main value we’re adding is the broadening of the user base of Blockchain, we strongly believe in the future of Blockchain especially in payment solutions and of course, gaming as Blockchain can finally solve a lot of problems like e.g. cheating and the transfer of in-game assets.
The main obstacles we faced are similar to the current limitations of Blockchain platforms, the main problems being the latency issues when facing large numbers of transactions. We solved it with a hybrid system. A second problem was the current AR capabilities of mobile devices that can only display small to medium size objects and have problems in finding fixture points at a certain distance. We solved this problem by the implementation of a dedicated AI that recognizes objects and assists in the accurate placement of life sized objects.
3) Why did you decide to launch an ICO and why do you need a public Token Sale?
An ICO gives us the possibility to solve two problems at once, on the one hand we can inform a large group of people about our product and on the other side we can distribute our tokens to said group, which ensures a healthy in-game economy from the get go. Of course, it also helps us with raising the funds necessary to complete the development of Worldopoly, advertise and launch it.
4) How does your token function within the platform and why is it needed? How did you decide the total supply and distribution among stakeholders?
Our token functions as the economic standard currency for any trade between the players, it is needed to ensure that in-game objects get a real-life value, with the help of the WPT we can transform in-game objects into assets.
For the distribution, our main goal was not to give all away during the closed presale but rather distribute it to as many people as possible during the main sale ICO. The number of tokens was calculated with affordability in mind, no matter how the value of the token develops it should always be affordable for new players. As we calculate with approximately 3 Million players worldwide, an average player will hold about 50 WPT which gives them enough means to participate in the game.
5) Where do you see the value of your token in the medium to long term and the ultimate benefit for the token holders?
As our token is dependent on the in-game supply and demand, its value is not directly linked to the current exchange rates of Cryptocurrencies. We calculated that about 100.000 players will be enough to keep the value of the token stable, the more players Worldopoly attracts the higher the value will be. We estimate an increase in the value to about 1–2 USD per WPT in the medium term.
6) Thinking about the future, what are your plans once the ICO concludes? Are you afraid that the volatility of the cryptocurrency market might affect the economy of your project in any way?
Not really, since the token is an integral part of the game and therefore independent from the larger cryptocurrency market. Our plans after the ICO is to work hard and keep our promise to release the game with all its functions this year.
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Disclaimer: This interview and the information contained herein is not intended to be a source of investment, financial, technical, tax, or legal advice. This interview cannot substitute for professional advice and independent factual verification.
