ORICHALCOS: The Blockchain Platform with SELF-STABILIZING PROPERTY GOVERNANCE

THE PROBLEM

Game play has become an act and by being such, has posed to be a problem on the gaming ecosystem. The evolution of game development to the online environment has caused game data to be stored in a remote server instead of a local storage device. With this evolution, the game developers has access to the user's data and may decide to extract, sell, exploit or tamper with the user data to their own benefit anytime they like. This evolution of game development has exposed the user and developers to:

1. Loss of user asset as the assets of users are being managed by the internal server of the developer contacted data center.
2. Historical data at risk due to lack of item trading market which makes gamers resort to Third party companies and allowing them access to restricted data.
   Why not propose a platform with solutions to address these issues?
   ORICHALCOS BLOCKCHAIN IS HERE TO FIX THAT.

INTRODUCTION

ORICHALCOS is a private blockchain platform that introduces the ORIC STONE as its form of currency and ORICHALCOS token as its form of cryptocurrency in external exchanges.
The platform relates with the bitcoin and ethereum platform using ORACLE as an intermediary to the web.
ORICHALCOS incentivises users to increase consumption by building user and developer relation and also allowing gamers and beyond gamers have a compensation, history storing and trading system. By incentivising users with a reward system for their gameplay, it ultimately induces the users to involve in new games and provides a deep enjoyment of the game.
The ecosystem of ORICHALCOS platform intends to supply the ORIC STONE through the platform through used in item trading and other forms of in game contents. The platform furthers aims to archive individual game data and provide it to each users to help preserve game history and bridge the past and present of gaming. ORICHALCOS wants to build a circulative structure that allows users, developers and the platform to mutually progress by combining the gaming softwares and the blockchain technology.

BENEFITS

To users

• ORICHALCOS allows users to own the privacy of their game data and history to themselves without fear of data loss, theft, or exploitation from the developers end.
• Rewards in place for users engaging in gameplay and data sharing to interested developers
• Beyond game users enjoy secured transactions between themselves and other traders.

To Developers

• The platform provides increased revenues from incentivied users that have increased gameplay.
• The developer has more access to user game data through users willing to sell their data o the developers.
• There is a bridge between the relationship of the gamer and Third party company. Thus, providing security of the developer files and remote server.

To Developers and Users

• It provides a token economy with low volatility.
• It ensures a mutually benefiting circulative structure for the users, developers, and the platform itself.

USE CASES

For the gamers and beyond gamers, the blockchain and dual token: ORIC STONE and ORIC token will be utilized through the following;

• Developers will reward users with ORIC STONE in exchange for a haring their game data for in advertising and operating strategies to provide precise game services.
• The platform provides target marketing tools and user analysis console.
• The platform provides an authorized private blockchain technology.
• Using oracle to supply data to private networks to take advantage of centralized external data.

TOKEN DISTRIBUTION

The ORICHALCOS platform will be placed at 40,000,000USD fundraising through the initial coin offering (ICO) with the token priced at 0.12USD per token. 1,000,000,000 tokens will be issued out with a Soft Cap of 5,000,000USD.
100% of all allocations will be distributed in the following order:

• 13% to the founders and teams
• 46% to token sales
• 18% to the private and partners
• 3% to the advisors
• 4% to MKT & bounty campaigns
• 7% to acceleration and
• 9% to the foundation.

100% of the procured cost from token distribution will be distributed to marketing, partnership, operations, legal review, development, and rewards in the order 20%, 15%, 12%, 3%, 40%, and 10% respectively.
Undistributed tokens will not be burnt, but will be save in a central treasury with the aid of a smart contract

CONCLUSION

Eli Broad once said that "the best move one can make in negotiations is to think of an incentive the other person hasn't even thought of and then meet it". This can be applicable to gameplay; user and developer interactions. Tokenizing rewards for user data is the best way to combat data security, disgruntled users, and also to get the best out of gameplay from users as the users have it in mind that there is a reward for their game historical data, in game content trading. This will also increase revenue for the developers as they spend less on securities, but also acquire more data from users to generate new ideas. The ORICHALCOS aims to provide a solution with transperency and accountability to this by acting as an intermidiary to incentivize both developers and users with the dual token ORIC STONE and ORIC token as a reward for sharing resources amongst themselves through buying and selling on their own terms.

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Thanks for reading!!!

Bounty0x username: Frankremmy.