With the advancement in technology and the knowledge of blockchain technology, the benefits and advantages of crowd-funding have become quite obvious. Egretia being one of the digital coin providers, they encourage participation in crowd-funding using Egreten tokens. Egretia is a cross-platform solution to most of the digital issues in gaming and blockchain community. The vision is to bring two hundred thousand developers and over 1 Billion HTML5 devices to the world powered by blockchain. The HTML5 technology is now known for Videos, Mobile games, Internet, and advertising. Egretia ecosystem using Egreten tokens can be used in all the powered contents.
Uses of Egreten
Despite the fact that the Egreten will circulate in every area of the HTML5 content, advertising platform, communities and the virtual goods platform, they will also be used to fund crowd-projects. The Game users can as well use Egreten tokens to purchase game items or any other products.
They can be used as a part of discounts, lotteries and also for some other promotions on Egretia. Egreten also allows someone to get a reward for participation in games crowdfunding on Egretia. Also, they can be used for advertisements by Developers and content publishers through the Egretia advertising platform.
Egretia is also focused on providing Egreten digital wallet to its users based on the user’s unique token passport. This will guarantee the safe storage of user's virtual assets, rewards, goods, platform, and crowd-funding.
The developers are also using well-built tools+SDK to quickly develop products that can utilize the use of Egreten as a mode of payment. What this means is that users can use their tokens to buy items in the game and compensate for the content.
Why you should participate in game crowd-funding using Egreten
A recent research shows that mobile gaming is gradually being the largest market segment. It accounts for over 42 percent of the total global market. Experts forecast that the mobile gaming will be above 50 percent of the global market by 2020.
Crowd funding in games is a situation where the players raise money to back the development efforts of a game. This method has become a popular means of finding alternatives for their investment pools. People are starting to understand the process of crowd funding, and therefore the process is becoming simple from time to time. It is seen to offer potentially higher returns than traditional finance.
Those investors who are risk averse see this process as a good way of spreading the risk of losses. This is especially a concern for the small investors with a small portfolio. It is also seen as a way to provide entrepreneurs with an environment where they can test both their concepts and ideas.
The video game crowd-funding offers investment opportunities with cash returns. It also promises to provide crowd-funders with an inside look at how game development really drives. The game studios will, however, raise money for the development of games but retaining the creative control and at the same time offering players with a fun way of getting involved.
How to participate in video game crowd-funding using Egreten
The process of crowd-funding is the same as buying stock in a company. The only difference is that you are buying stocks whose returns will accumulate from the sale of games. Since you already have enough Egreten in your wallet, you evaluate your investment to be aware of all the involved risks and returns; you decide on the game to fund and buy a few shares from the developer in case there are no intermediaries. Since there is a pool of other investors, when they agree with you, the money raised goes directly to fund the game.
Once you are involved in crowd funding through Egreten tokens, the gaming studio should feature a ‘’development stage’’ display that will be transparent in the game making process. There is also a section for updates from the developer and also a comment section where the crowd-funders will be championing their claims.
Once the game is developed, and players start to download the game, revenue starts to flow. The revenue mobilized will be divided among all the participants including you who bought the shares using Egreten tokens.
The plan by Egretia HTML5 Blockchain is to allow everybody even the non-credited people to invest in games on the platform and make profits. Just pick your favorite model and let the game begin.
Egretia website :- https://egretia.io
Egretia Whitepaper :- https://egretia.io/static/Egretia_White_Paper_V1.0.pdf
Author :- https://bitcointalk.org/index.php?action=profile;u=1337545