Crypto-token for buying and selling gaming digital goods
- ICO start: 4. Dec 2017
- ICO end: 29. Jan 2018
Technology: Ethereum blockchain
Gameflip ICO Short Review
Decentralized ecosystem where digital goods on all gaming platforms – mobile, PC, console, and VR/AR – can be sold as liquid assets using trustless (i.e., fully secure) smart contracts executing on blockchain technology. The digital goods transactions will take place using a crypto-token called “FLIP”. Globally, gamers purchase over US$100 billion of digital goods each year. Most of these digital goods are locked within individual games, and gamers lose all of their value when they stop playing that game. The current infrastructure does not promote the liquidity, transparency or security required by gamers to buy, sell and trade digital goods. The FLIP token will leverage the Ethereum blockchain and ERC-20 token interface. This infrastructure and the FLIP smart contracts will eliminate questions of trust and protect the transacting gamers from fraud. Game developers and publishers will be given open-sourced plug-ins and software development kits (SDKs) from Gameflip for integration.