Bitguild - Future of Gaming

Greatest game ever played.

As a gamer myself, I always dream of earning money while I am playing, I want challenge, I want to be the strongest player of the server and ofc I also dreamed of playing the game forever. As change is inevitable, the game you used to play would innovate and the developers would change a lot on it's gameplay, skins, even the heroes/enemies which makes the gamer feel uncomfortable and end up quitting. What if I will tell you that there is a bunch of games on a platform that would let you EARN (not only ingame items but also fiat), Never ending quests, fair and square competition, and a game that would never be gone (like forever). Here I will tell you more of Bitguild, on how would this work and what problems it would try to resolve using the power of blockhain technology and on how this is what a gamer is looking for.

What is Bitguild?

BitGuild is a decentralized gaming platform built on the Ethereum blockchain. The project aims to revolutionize the current centralized gaming industry by creating a decentralized, global and unified gaming environment, where players own their in-game assets, and all in-game digital assets are tokenized and tradeable. BitGuild further aspires to redefine the relationship between developers and players, by creating an international platform that fosters both player-to-player and player-to-developer interactions. The driver of this platform will be the Platinum (PLAT). An ERC20 token will be used for trading all in-games digital assets on the BitGuild platform.

Do we own our Character?
The problem

We always play just for fun but we are not aware that our kind of fun could vanish if the server is down and we can't do anything about that because we are not the one who owns our character and this happens everytime, whether the maintainance is no longer sufficient or the developers run out of gas to continue the game.

The Solution

Here, Bitguild created a decentralized gaming platform to allow for virtual assets to be stored in players’ digital wallets, where these assets cannot be moved without the player’s permission. The game server interacts with each player by “reading” his linked wallet and loading a visual depiction of his character and items.
( See cryptokitties )

Can we EARN while playing games?
The Problem
In recent years, more and more games restrict players’ ability to sell or trade in-game characters and items. Neither for real money nor for other in-game items. This trend is prevalent mainly among free-to-play games. Free-to-play games are games which require no initial purchase, but instead, virtual items within the game can be purchased with real money but sometimes results on BAN which is the worst thing a player could go through.

The Solution
By using smart contracts, players will be able to trade directly with each other within the game, where a third-party is not necessary (Meaning, there is a designated marketplace for a player to trade his ingame items through the smart contract which is much faster, reliable and most secure mode of payment)

Game Platform

the game platform designs to be home for both game which has been developed by BitGuild, and games which developed by a third-party. In order for a game to be listed on the platform, it must utilize blockchain and smart-contracts, accept PLAT as the only payment option and feature tokenized in-game items that are player-owned and tradeable.

Incentives for developers: To incentivize developers to launch their games on the BitGuild platform, BitGuild provide the following:

Localize:
BitGuild’s team has a wealth of experience in game localizations. The team is willing to assist developers to localize their games and will translate those games into 15+ languages.

Marketing:
Developers will be able to use more effective marketing strategies. Instead of spending millions of dollars on Google ads, developers will be able to pay that money for the players as an incentive to play their games. Industry resources will become more effectively used.

Funding problem:
BitGuild allows gaming companies to raise funds through the use of smart contracts directly from the players, and thus, solves the traditional revenue-based funding issues (will be discussed in the Design House section).

Crowdsourcing:
BitGuild fosters a decentralized working environment for blockchain games services. Using crowdsourcing, developers may reduce their operational costs.

How Great is Bitguild?

Team
The core team, as well as the advisory board are remarkable. It seems that no better team could be set up for this project. The core team has a wealth of experience in development, publish and operate video games in some of the biggest gaming companies in the US and Asia. The team further brings an essential experience in the areas of game localization and gamified virtual items. Along with the experience in the gaming industry, the project has a top crypto advisory board (Brock Pierce and Justin Sun) and very interesting contributors (Andy Tian, Brock Pierce, Patrick Dai and Justin Sun). these collaborations, increase the project credibility and potential to establish more significant partnerships in the crypto realm in the future.

Complete hub for blockchain game development and promotion
BitGuild aims to build their own blockchain games, but also to attract third party gaming companies to build their games and launch them via the BitGuild gaming platform. BitGuild is helping those projects with legal aspects, community attraction, development of the game and more. BitGuild created a win-win situation, were gaming developers flourish from launching their games on their platform, while BitGuild will enjoy their user base and revenue growth if the game succeeds.

Project feasibility
BitGuild’s objectives are indeed ambitious. However, considering the team and advisors experiences, they seem reasonable. The team brings tangible experience in game localization and virtual items business along with familiarity with both the US and Asian industries. R2Games (which led by Jared), licensed, localized, and published games in over a dozen languages, and had over 80 million registered players from over 150+ countries. given their unique experience, we believe that creating a global unified gaming atmosphere is a feasible goal.

Fair ICO terms
BitGuild seeks to raise a total of 44 K ETH, while 30K ETH already committed. The private rounds can be considered as a major drawback, as the majority of the fund raised through these rounds are given with relatively high bonuses. However, BitGuild uses a lockup mechanism for BitGuild foundation’s, advisors’ and early contributor’s tokens for a period of two years (Vested evenly over time). In addition, Given the project vision and potential, their hard cap is reasonable. All in all, the ICO terms seems fair.