Egretia ICO Review - Blockchain Applications on an established HTML5 Platform

goya58 (40)in #blockchain • 7 years ago (edited)

Idea

The Hypertext Markup Language is a computer language the structuring and connecting content in the web. Most people will know the fifth version of it, HTML5. The reason for this is, that most pupil in school will get in contact with this computer language in their very first computer lectures at school. Basic tasks are to code your own first own website in the world wide web. But also in multimedia like video games it is domiciled.

One of the most popular platforms and service providers for HTML5 based mobile applications is Egret Technology, which was has a historical background of four years, but managed to draw attention by releasing products like Egret Engine, DragonBones, Egret Wing and many more. The platform also has a significant amount of over 200.000 developers and with a view on the customer side there are more than billion mobile devices which can run HTML5 based applications and the more important fact here is that a lot applications, especially mobile games actually are HTML5 based games, with a market share of 47%. The Beijing based company is directly connected to the world's biggest mobile gaming market, China.

Egretia meets Egret Technology

With the technology of blockchain and the great potential use of it and all the possibilities and advantages it brings, Egret Technology and the Egretia Team are working together on a solution to combine these technologies in order to provide a platform for developing blockchain applications and eradicate the weaknesses of HTML5.

Although HTML5 is widely adapted, it still is just a computer language, which doesn't have a unified framework for solutions and mechanisms within the language. For example, every HTML5 based game will have their own payment and asset platform and if you charge your ingame currency it is usually just assigned to that particular game or the game network respectively. But something which a lot of gamers dream about is to really connect a value to virtual assets. Since there is no real solution, we can see a lot of virtual items like in-game weapons and armor being traded on traditional auction platforms such as eBay, which requires a lot of trust in your trade partner.

Now we come to the benefits of blockchain. One key aspect is transparency which is usually ensured with publicly distributed ledgers and unified payment models and for our example above also smart contracts play a role.

Egretia Ecosystem

When bringing an already established platform for developers onto blockchain and looking at the advantages of blockchain, then the goal must be to build an ecosystem for the developers and the millions of users and connect them. As a digital token, which will be used for all applications running on that ecosystem, Egretia will create the Egreten token, which will be the own currency to circulate through all HTML5 projects.

The users on the Egretia Network will get a unique ID but nevertheless Egretia will ensure users anonymity to remain a pleasant experience in the virtual world for the user without revealing his identity against his own will.

The Blockchain Platform

The HTML5 platform shall provide opportunities to develop different kind of services on the blockchain.

For games the whitepaper is mentioning a Proof of Game(POG) consensus, which would enable an incentive system for gaming or sharing games and integrating the games in the network to a trading platform for virtual assets.

From the technological view the experience of Egret Technology is beneficial for this project in order to make the platform simple, convenient and efficient. So development suite will integrate mainstream computer languages such as JAVA, C#, C++ and so on through extensions and the smart coding assistant will help the developers to become more rapid due to the intelligent code completion and also give them a feedback about possible errors their codes.

Token Metrics and ICO Details

Hard cap: 23,000,000 USD (39,361 ETH)

Crowd sale: 26 MAY – 30 MAY

Min/Max Personal Cap: 0.1 ETH / 3 ETH

Symbol: EGT, interim ERC-20 Token

Token Split: 8,000,000,000 EGT; 39% distributed in ICO

ICO Token Price: 1 EGT = 0.0083 USD (0.00001429 ETH)

Conclusion

Egret Technology seems to be a very renowned company in their field of activity and it is great for this project to be backed by them. But also the Egretia team seems very experienced with core members who previously spent a lot time on companies like Adobe, Qualcomm and Microsoft. Also the roadmap seems pretty fair with releasing the test chain in the second quarter of 2018 and then slowly testing games on it before releasing the Blockchain SDK by the end of this year. After releasing the wallet in the beginning of 2019, the platforms such as the gaming platform and the virtual goods trading platform shall be released gradually.