Introduction of MFUN
MFUN is a platform for gamers, which will enable gamers to make money on their favourites games. Now you can play and get paid for it, or rather the tokens of the MFUN platform. Now you are not just a gamer, now you are a money earner who gets money for playing games.
The booming gamer market in Southeast Asia continues its super growth trajectory. According to Statista, PC Online and sport cell revenue in Southeast Asia has reached more than US $ 2.2 billion in 2017 with expectations that it will reach more than US $ 4 billion in 2021. The number of online PCs and cell gamers in the SEA is projected to reach 100 million by the end of 2017, increasing to more than four hundred million by 2021. Mfun offers a new paradigm for game marketing, one in which time spent playing is also spent earning and saving money. Its platform would allow game companies to engage more directly with their players, rewarding their loyalty and interest while phasing out expensive and misguided ad campaigns. Meanwhile the players would receive direct incentives to engage with marketing efforts, turning a nuisance into an opportunity.
Specifications of Mfun
Mfun Mission is to be the largest rewards ecosystem in South East Asia starting with the gaming industry in Indonesia. According to Newzoo, Indonesia is the largest market for gaming in Southeast Asia with 43.7 million gamers spending a total of US$880 million a year. It is also the №1 fastest growing market for games in Southeast Asia. In the first phase, Mfun announced exclusive partnerships with Agate Studio — the top game developer in Indonesia, Duniaku.net — the top gaming publisher in Indonesia and Yogurt — one of the top social apps in Indonesia. The partnerships will give more than 20 million gamers the opportunity to earn rewards in the form of cryptocurrency — Mfun tokens. These tokens can then be used for any in-app purchases on any other games on the Mfun platform. This form of reward will also entice gamers to try out new games from local game developers as they look to reduce ineffective advertising spent
Mfun Blockchain Rewards Platform
Mfun is a blockchain gift platform designed to capture more value in the digital ecosystem and redistribute value to content providers and users. Mfun wants to complete three major inefficiencies in the digital economy those are fallowing
• Users are not appreciated for the time they spend on apps
• Content providers can not monetize their advertising spend
• Lack of transparency or trust
How it works from MFUN programs for users
Play and appreciated
The longer you play, the more your Mfun token will be rewarded. Gamers can now monetize the time spent on gaming. They can even choose whether to perform additional tasks to get rewards.
No personal data
Unlike other reward systems that require you to submit personal information such as identification numbers, credit cards and bank account numbers, Mfun is built on blockchain technology and will only ask for your phone number for verification. This means there is no possibility of misuse of personal data.
No third-party
Game developers and publishers can now cut out intermediaries to more effectively get new players. They can channel their current ad spend into gamers who reward directly with Mfun tokens. In this way, gamers are more motivated to play more or try a new game.
In subsequent development the company creates a cryptocurrency that Mfun Tokens will be created to allow transactions in the Mfun Token Ecosystem. The token token is a compatible token ERC-20 distributed on the Ethereum blockchain based on the intelligent ERC-20 contract. Mfun is intended for use in the Mfun blockchain platform for conduct transactions in the Mfun Ecosystem.
Benefits of Mfun
For Gamers
• Get rewarded for time spent in-game
• Earn extra tokens by opting in to additional tasks
• Safeguard personal privacy
Game Developers & Publishers
• Advertise more effectively
• Save on transactional fees
• Capture more value from the ecosystem
Working style of Mfun platform
By adding their games to the Mfun platform game developers will become part of the Mfun token economy. That means making some amount of proof-of-stake mined Mfun tokens available for use in various smart contract-powered reward schemes for their players. Tokens could be awarded on a regular basis for time spent playing or if the player accepts this option for additional actions, such as watching video ads, taking part in surveys or installing new games. Those tokens could then be spent on in-app purchases elsewhere on the system. It will be possible for users to up vote games, which will determine the size of Mfun rewards their developers get from the platform. Mfun will levy a 5% fee on all transactions to replenish its reward pool.
Mfun SDK Modules
The Mfun SDK includes the following modules:
• Account module. Manages user account information, including phone number, purse address, and public key information.
• The Mfun Mining module uses the POS (Proof of Stake) algorithm, so this module will report on the current POS events and allows the user to receive a reward.
• Security module The user can request information from the old device and erase old device data, which reduces the risk of data transmission in the event of loss or theft of the phone.
Mfun Token
Token Allocation
Seed, Private & Main Sales 43%
Reserved 21%
Bounties & Rewards 10%
Contributors & Advisors 16%
Founders & Mfun Team 10%
Token Details
Name of the token – MFUN
Standard token – ERC20
Total will be issued 800,000,000 tokens
But the sale will be put out 344,000,000
Price 1 token 0.10 USD
Soft cap project 5,000,000 USD
Hard cap project 25,000,000 USD
Private Sale is already on.
The date of its holding July 30, 2018 - September 1, 2018.
The main sales will be held in October.The exact dates have not yet been assigned.
Funds Allocation
Technology & Platform Development 40%
Partnership & Collaboration 20%
Legal & Compliance 4%
Marketing & Community Building 20%
Other Operation Costs 16%
ICO Ratings
Road Map
FIRST PHASE 2018 quarter 1 quarter 3
Creating an electronic wallet. System accounts, a system of wallets (the balance of the tokens is ready), a system for confirming the extraction of shares. Launching the site, whitepaper and games.
SECOND STAGE 2018 Quarter 4 -2019 Quarter 1
Launching the App API, an advertising module, a module for purchasing tokens, a remuneration module, a security module in an electronic wallet. Display CP list (display current content providers). Launch a voting system to support small developers. Also adding new games, using the platform users vote.
THIRD PHASE 2019 Quarter 2 Quarter 4
Running a reward system with the algorithm of machine learning.
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Author
Bitcointalk : bitmattrix88