Blockchain to revolutionize gaming industry

From this article you will learn how Game Machine project brings the future to gaming industry using blockchain technology
14 December 2017   893

The time humanity spends in games is enormous, but every man needs time to work and to rest. That is when gaming platforms come into attention. Gaming became a separate branch of the economics as it spawned a new breed of coders, game experts, and high-level marketers. Gaming industry market hit $108.9B in 2017 and is constantly growing. The bigger stage is opening for the industry with the popularity of decentralized technologies. One of the first who saw the opportunity are the creators of Game Machine, who created an open ecosystem for players, game developers, hardware manufacturers and advertisers.

What is Game Machine?

Game Machine is the global open ecosystem for a game industry constructed on the basis of the blockchain technology. Game Machine will unite all participants of this market: gamers, developers, advertisers for the sake of development of the industry and improvement of game products quality. The game and advertising platforms are released on the basis of Game Machine which allows to communicate directly with audience of gamers, developers and advertisers. The system will provide developers a potential to focus on the segments of the target audience, raise funds for their products and start an ICO.

Game Machine ICO logoGame Machine ICO logo

With Game Machine players will have a built-in feature to extract internal cryptocurrency and invest it in other products. Developers will able to access the entire gaming community and directly interact with their customers. For investors, it will be easier to find a promising game and maintain it inside unified financial and technological system.
 

Taras Dovgal

CEO, Game Machine

Game Machine Product

Game Machine developed and released a working product, the mining application for gamers which already works and allows to mine cryptocurrencies and buy ingame items.

Main Features:

  • Game Machine Client launched in November and already attracted more than 1,000 users to the mining network
  • Mining in-game items
  • 8 games already integrated
  • Smart mining mode for gamers
  • Mining is based on Proof-of-Authority and Proof-of-Work principles combined and it is available only for gamers
  • Users of Game Machine are mining Gamefuel cryptocurrency and players are investing only computing power, and smart contracts are the guarantee of developers’ integrity
  • The plan is to release a crowdfunding platform, where developers can create their own game tokens, start Token Sale and use Ads Machine for more reach
  • The next step will be making Ads Network platform based on Game Machine and adding Crypto-Exchange product

Game Machine client screenshotGame Machine Client

Game Machine Token Sale Information

  • Sales dates: from Dec 14, 2017 to Jan 31, 2018
  • Total number of tokens: 140M GMIT
  • Token price: 1 ETH = 2500 GMIT
  • Soft cap: 10 000 ETH
  • Hard cap: 40 000 ETH
  • Accepted currencies: ETH, BTC, USD
  • Bonuses: First week - 15%
    Second week - 10%
    Third week - 5%

Game Machine Token DistributionGame Machine Token Distribution

Game Machine Advisors

  • Pavel Naumenko - Studio head in Nival
  • George Basiladze - Co-founder of Cryptopay
  • Andrey Milosh - IT-consulting expert
  • Max Lusta - CPO Game Beats, IGM Partner in eSports and offline activity
  • Pavel Sazykin - Software developer, CTO Sphere Productions
  • Andrey Moskvitch - Patent attorney & consultant for IP due diligence, Co-Founder of 2AICO
  • Eugene Ulyanov - Serial Entrepreneur, COO Mirocana
  • Andrey Starchenko - Co-founder ar AMT GAMES

Documentation

  • Whitepaper
  • One-pager
  • SEC Howey Test
  • Legal Opinion

More Information

  • Website
  • Medium
  • Twitter
  • Facebook
  • Telegram
  • Bitcointalk
  • LinkedIn

Tezos Co-Founder penaltied by Wall Street Regulator

Tezos co-founder Arthur Breitman is punished with a fine and a trading veto for two years by The Financial Industry Regulatory Authority (FINRA)
20 April 2018   93

The Wall Street regulatory institution has come to a adjudgement with Breitman after he was indicted of producing false statements about his side venture (Tezos) while he was actually employed at Morgan Stanley. All registered FINRA securities specialists are demanded to report any for-profit activity outside of their stated employment if there is “reasonable expectation of compensation.”

The regulatory activity started from a Reuters article published in October that discovered Breitman, who is filed with FINRA as a French citizen, never disclosed hise work for Tezos while still employed at Morgan Stanley within the years of 2014-2015.

Together with the other proofs published in Reuters` article is a business plan written in 2015 that lists Brietmen as chief executive and makes projections on the potential for the company to be worth as much as 20 billion dollars over 15 years.  They also cited two papers Breitman penned under the pseudonym L.M. Goodman about Tezos, showing that he purposely hid his connection with the firm.

FINRA enclosed that “Breitman did not notify Morgan Stanley at any time that he was engaging in these outside business activities.” The adjudgement conditions of April 18 are that Breitman shun any broker-deals for 2 years and pay a $20,000 fine. Breitman neither accept nor disclaim the indictments.

The settlement with FINRA is unrelated to and has no impact on the launch of the Tezos network. Arthur cooperated fully with FINRA at all times and Arthur is pleased to put this personal matter behind him.
Sarah Lightdale, lawyer of Arthur Breitman

Last July the Tezos foundation increased for $232 million from their initial coin offering to found the blockchain network for smart contracts but still haven’t delivered any of the cryptocurrency to supporters because of infighting and legal problems in and outside of the boardroom.