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Video games industry is one of the largest industries on the planet. 2.2 billion people play video games and they generate over 100 billion American dollars of revenue every year, and that number just keeps climbing.
Industry is also developing very fast, with new technologies like VR and AR emerging as new exciting ways of playing video games.
Typically there are two types of video games when it comes to paying for product. First there is the standard pay to play format in which gamers pay up front a specific amount to get the game or they pay monthly fees. Second type of game is free to play game in which a developer ears from micro transactions inside the game itself.
The problem with existing systems is that the payments systems are built by centralized organizations that have full control, and that leads to several negative effects on market. For example this leads to high transaction fees, delayed payments, lack of multi-party payment options and micro transaction support, and it can often lead to fraud.
The other problem is that gamers, who also play a significant role in game popularization usually get nothing in return. Gamers create a lot of content of social media, and give recommendations for games to other people, but in the end there is no reward for them.
Luckily, by using new technologies like blockchain and cryptocurrency, YUMERIUM has developed a new system.
YUMERIUM calls this system “earn to play” and it is based on rewarding the gamers in paying them while playing game or after they have completed the game.
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It sounds like a very interesting idea? Well, it is no longer just the idea. YUMERIUM already has a lot of experience in gaming industry. They have led the change of gaming business model from “pay-to-play" to “free-to-play” with GalaNet which ran the first free-to-play game publisher gPotato in USA.
They way that system will work is Each game that joins YUMERIUM will be allocated with the initial “Seeding Fund” in YUM to attract new gamers to the game. Then, gamers will earn YUM by playing, sharing or reviewing game. Gamers who have YUM will use YUM to pay for game money. Game developers on the other hand can use YUM to attract people to play their game. This completes the circle in which everyone gets a piece of reward for participating in game.
YUMERIUM will also be a gaming community. There you will be able to share your opinion on games, but also get paid in YUM by developers for watching promotional videos and other types of marketing. YUMERIUM will also offer a new of decentralized payment gateway. It will be done by using blockchain, and thus eliminating the need for a third party. This will in return lead to a better price for both developers and gamers.
YUMERIUM will soon launch in Q2 this year, with further development stages expected during this year. You can see a plan below.
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YUMERIUM TOKENS (YUM)
The YUMERIUM token is an ERC-20 standard-based Ethereum token.
Tokens will be offered through the Initial Coin Offering (ICO) for 2 months, starting on May 24th, 2018 and ending on July 24th, 2018. The offering will be open to the global public (crowd sale. Not distributed tokens shall not be generated. Token Price at Issue is going to be 1 YUM = 0, 1 USD. Distribution of YUMERIUM tokens is going to be :
• Token Sale 50%
• Network Seeding 20%
• Founding Team and Advisors 20%
• Reserve 10%
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All about the Initial coin offering and other information regarding purchasing of the YUMERIUM token, you will find on YUMERIUM official web page: http://www.yumerium.com/tokensales
YUMERIUM BOUNTY CAMPAIGN
YUMERIUM has started a bounty campaign in April 2018. The bounty is going to last until the end of the token sale. Bounty campaign consists of: Signature Campaign, Social Media Campaign, Content creation, Translation Campaign and many more. Terms and conditions and other essential information about the campaign, you can find on the YUMERIUM bounty campaign web page: https://bitcointalk.org/index.php?topic=3276979
Your participation in this bounty campaign is going to help to attract other potential investors through marketing and promotional activities.
TEAM
Team behind the project is consisted of highly educated professionals, each an expert in their field of work.
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Lastly, for all necessary information about YUMERIUM or any new updates and news, you should visit their:
• Official Web Page http://www.yumerium.com/tokensales
• ANN Thread https://bitcointalk.org/index.php?topic=3272290.new#new
• White Paper http://www.yumerium.com/whitepaper.pdf
• Facebook https://www.facebook.com/Yumeriumtoken/
• Twitter https://twitter.com/yumeriumtoken
• Telegram https://t.me/joinchat/H5o7EE7ncnHvSXJJYWSLYg
https://bitcointalk.org/index.php?action=profile;u=1696137
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