Game Loot Network - Gaming Reimagined
Website: https://gamelootnetwork.com/
Game Loot Network works as an app store, but the use of Blockchain Technology allows the platform to be an entertaining superstore - with resources for gaming, purchase, and design.
Game Loot Network will mainstrem for developers and gamers by creating a virtual platform that rewards players with real-value and facilitates ‘any-budget’ game design.
Platform give artists the resources to create the games they envision and reward the players who populate their virtual worlds.
Game Loot Network enabling developers to create and prosper regardless of gatekeepers or budget constraints. Give gamers a voice at the earliest stages of design so the games built are the ones people want to play.
This breeds creativity and innovation, but budgetary limitations, overbearing publishers, and marketing resources pigeonhole creatives. Transform the industry into a meritocracy where visionaries thrive even if they, at first, lack extensive budgets.
Game Loot Network enabling developers to create and prosper regardless of gatekeepers or budget constraints. Give gamers a voice at the earliest stages of design so the games built are the ones people want to play.
This breeds creativity and innovation, but budgetary limitations, overbearing publishers, and marketing resources pigeonhole creatives. Transform the industry into a meritocracy where visionaries thrive even if they, at first, lack extensive budgets.
The Platform
Build
Through this portal developers and users access a crowdfunding catalog. Indie designers submit their game ideas to a list within this screen. Their proposal page might include screenshots, demos, or gameplay footage. Users offer LOOT tokens to sponsor auspicious projects. In exchange for their cryptocoins, backers receive a revenue generating percentage of the upcoming game. Developers reduce costs and gain an incentivized ground floor following. A decentralized collective thereby produces games through democratic demand. If an idea merits engagement it will be realized; creatives will thrive unburdened by budget constraints.
Play
This doorway will host a decentralized app store and embedded games. Users can play within the platform or download
curated titles. In a self-sustaining loop, ideas produced in the Build portal generate income for gamers and designers in the Play gateway.
curated titles. In a self-sustaining loop, ideas produced in the Build portal generate income for gamers and designers in the Play gateway.
Earn
The Earn gate offers an array of revenue generating tools. Through this door, players can enter three subset doorways:
Competitive Tournaments — Tourney champions receive sleek electronics or LOOT token prize pools. Now any user can experience the thrill of high-stakes E-Sports.
Referral System — An extensive progression system allows members to create high-yield residual commissions for sharing the platform.
Battle Bidding — Online auctions pit players against the clock in competition for discounted gear.
LOOT Store — Purchase premium membership, credits, bids, and
Utility-Token: LOOT
In order to reward user engagement, Game Loot Network™ created their own utility-token, ‘LOOT’. The currency allows specific interactions on the Network to trigger cryptocoin allotments. The blockchain’s network tracks these engagements and rewards LOOT to users who complete meritorious actions such as winning a gaming tournament or inviting a friend.
LOOT functionality:
GLN’s Other Digital Units
In addition to LOOT, there are four other units available on the platform, and can be exchanged only on than Game Loot Network.
- Credits
Groundbreakers receive a monthly endowment of ‘Credits’. These can be used to purchase in-game boosts and enter tourna-ments. Credits can also be swapped for Bids. - Tickets
Tickets are vouchers obtained from winning tournaments. These units can be exchanged for real-world prizes. - Bids
Bids can be obtained with LOOT and with Credits. With these units, players can Battle Bid for heavily discounted electronics. - Premium Bids
Premium bids are used to enter auctions for bundlesof discounted LOOT.
- February 2018
The utility token, ‘LOOT’, becomes the gaming cryptocurrency of LOOT Land. - March 1st, 2018
Game Loot Network™ launches the PRIVATE SALE for their global ICO to accredited investors. - May 29th, 2018
Game Loot Network™ launches the PUBLIC SALE for their global ICO. - August 1st, 2018
GLN’s 1.0, a virtual world built on the blockchain, is released. Players can travel to locations within the fantasy environment and interact with revolutionary game features. Games are available within the platform for download. Cryptocurrency combined with smart contracts allow for real-life rewards. - September 1st, 2018
The platform’s arcade region, Arcade Town, hosts embedded games and competitive tournaments. Tourney victors receive real-world prizes. - October 1st, 2018
GLN’s Battle Bidding Arena open, hosts embedded games and competitive tournaments. Tourney victors receive real-world prizes. - November 1st, 2018
The Game Forge opens and will feature a list of game projects submitted by developers. Users can select from any of these projects and submit their LOOT tokens to provide developers with a design and marketing budget. When
monetized, those games will generate recurring revenue for the developers and any user who submitted tokens. - February 1st, 2019
GLN’s Battle Bidding Arena undergoes beta testing with Crowd Machine to transition to a decentralized battle bidding platform. Expected launch in the second quarter of 2019. - 2019
Throughout 2019, a huge emphasis will be placed on growing the developer community and the user community. This emphasis will include global outreach to the independent game developer community and large scale promotions for the user community to grow their social networks inside the LOOT Land ecosystem. - 2020 Q1
Arcade Town’s decentralized Game Store undergoes beta testing with Crowd Machine. - 2020 Q3
GLN’s virtual blockchain world becomes a decentralized mecca for game developers and players. Blockbuster titles are built in The Game Forge and released through Arcade Town. Users purchase and download games with LOOT tokens and the revenue splits between the original sponsors and game - 2020
GLN’s virtual blockchain world expands to incorporate new towns with fresh features. Developers circumvent publishing gatekeepers and release fully-funded games to Arcade Town’s incentivized audience. VR and AR additions are implemented so users can truly live, win, earn, and play. - 2021
An array of smash hit games are produced in The Game Forge and purchased through Arcade Town. Titles offer competitive play with LOOT token prize pools, achievements reward LOOT, and the LOOT Land cryptocurrency underpins a vast network of third-party economies.
Token
The LOOT token acts as the utile cryptocurrency of a vibrant ecosystem. Its use-cases undergird every aspect of the GLN economy. Gamers will purchase in-game upgrades, developers will fund passion projects, and crypto enthusiasts can hold a token with actual utility.
Links:
Website: https://gamelootnetwork.com/
Whitepaper: https://0ed5f89f718b.dev.daviann.com/assets/documents/gameloot-whitepaper.pdf
Telegram: https://t.me/gamelootnetwork_ico
Facebook: https://www.facebook.com/gamelootnetwork/
Twitter: https://twitter.com/gamelootnetwork
Whitepaper: https://0ed5f89f718b.dev.daviann.com/assets/documents/gameloot-whitepaper.pdf
Telegram: https://t.me/gamelootnetwork_ico
Facebook: https://www.facebook.com/gamelootnetwork/
Twitter: https://twitter.com/gamelootnetwork
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