Virtonomics – multiplayer economic game

Virtonomics hits top positions in Google global search by relevant queries such as “online
business simulation” and “online business game” with huge organic traffic

PROBLEM

1. GLOBAL GROWING MASS DEMAND ON ONLINE JOB OFFERINGS ALONG WITH OTHER OPPORTUNITIES CONCERNING HONEST AND INTELLECTUAL WORK USING INTERNET CONNECTION.

• 5 000 000 000 – this is the approximate monthly number of search queries related to
  ‘job online’ and ‘earn online’
• 500 000 000 – this is the number of people willing to work and earn online at the very
  moment

2. HIGH FINANCIAL, TECHNOLOGICAL AND INTELLECTUAL BARRIERS OF CRYPTOCURRENCY
MINING AS A WAY OF EARNING ON THE MASS MARKET

• Block mining as a way of cryptocurrency earning is still very much the preserve of advanced technology geeks. Today, by far the overwhelming majority of people lacking specialized knowledge in both blockchain technologies and cryptocurrency economy is barred from the mining market. The big volume of fairly specific expertise required for understanding blockchain technologies along with the nature of the cryptocurrency market and the ways of gaining from it sets insuperable intellectual and technological obstacles preventing the cryptocurrency from turning to a truly mass instrument based on activities understood by and familiar to that overwhelming majority of people.

• Earning cryptocurrency by mining involves quite substantial investment in technological infrastructure as well as operating costs of running and maintaining mining “farms” and electricity bills. Inevitably, return rate for the owners of small domestic farms decreases, and this downward trend will continue.

• A miner has almost ZERO influence on the process of gaining cryptocurrency since everything depends on his spendings on equipment, capacity, productivity maintenance, and electricity consumption. The profitability of block mining is decreasing while the cost of transactions is going up, making it almost impossible for single miners to compete with industrial-size mining farms.

SOLUTION

Aiming at providing a massive scale for generation and use of cryptocurrencies, we divide the process of the latter’s creation into two fundamentally different processes: first, mining as the technological process cryptographic blocks generation, too complicated for most people to understand; and second, digging as the activity which is meaningful and comprehensible for the general public, forming foundation for generation of tokens and awarding them to people according to the results of their operations.

The essence of our concept and Virtonomic$ platform can be summed up in a simple formula:
CRYPTOCURRENCY = BLOCK MINING + RESULTS OF PURPOSEFUL HUMAN ACTIVITIES,
UNDERSTOOD BY AND COMMON TO A LARGE NUMBER OF PEOPLE

We leave block mining to professional and industrial miners and use the produced Ethereum cryptographic blocks as the technological foundation for creation of VICoin cryptocurrency while enabling the bulk of users earning cryptocurrency by purposeful and meaningful actions that are by far more familiar to them. In the context of our project, we refer to such activities as “digging”.

What makes us consider the implementation of this principle to be important for the active and largescale development of the cryptocurrency market? For instance, the total number of people with even superfluous knowledge of blockchain technologies, mining, cryptocurrencies and their mode of operation accounts for no more than 0.01% of the global population, while the share of people having at least a general idea of economy, business, management and entrepreneurship stands at 20%. To make blockchain technologies and cryptocurrencies truly large-scale, one needs to give people mechanisms of earning cryptocurrencies by means of a process that is much more familiar and
understandable.

We build an ecosystem that will enable anyone with basic knowledge of economy, management and entrepreneurship to become a digger who applying and capitalizing on own expertise and skills in order to earn cryptocurrency in a multiuser global business simulator that emulates macro- and micro economical processes along with the interaction of economic agents.

• We develop an ecosystem of a virtual economy where one can get a high return from the virtual company assets, generating the “fuel” for the cryptocurrency without burning away megawatts of electricity, buying tons of expensive hardware and video cards, or renting space for mining farms. More than that, it will allow direct capitalization on one’s intellectual capabilities, management skills, labor and time spent on the creation and development of a virtual economy.

• In such ecosystem of a virtual economy, everyone can create and run his own company, contribute all available capital to its development and gain convertible cryptocurrency from the contributions.

• We create an ecosystem of an alternative economy where the owner and head of a largely virtual company generating a sufficient amount of cryptocurrency can hire other people, regardless of their location in order to help to manage and scaling up the enterprise, and pay them in cryptocurrency.

VIRTONOMIC$: CORE IDEA

Virtonomics global multiuser business simulator creates its proprietary cryptocurrency, VICoin (VIC), V and an ecosystem for earning the cryptocurrency in an online economic game emulating the formation and development of an alternative global virtual economy. The cryptocurrency is gained during the game in a realistic business simulation where users build and expand their virtual companies, trade and compete with each other, and develop the business ecosystem in the virtual economic environment. The resources and tools for generation and digging of the “fuel” are special game entities purchased for VIC tokens (such as virtual mines extracting natural resources, virtual mining farms, virtual power plants etc). The volumes of “fuel” production for Virts cryptocurrency depend on the success and competitive position of a player’s virtual business, and on the quality and amount of mining assets owned by the user.

The user can convert each 100 Virts earned in the economic simulator into one VICoin (VIC) and spin it off the game to the outer market. A Virtonomics player can act in two ways depending on his ambitions, experience and contribution capabilities.

1. As an investor, owner, and CEO of a virtual company who can hire other Virtonomics players as managers;

2. As a hired manager running certain units (division director) or a functional manager supervising key business functions and processes (marketing, sales, production director). The employer pays for the employee’s work in cryptocurrency. Labor contracts and associated settlements are realized in the blockchain based on Ethereum smart contracts.

VICoin (VIC) cryptocurrency circulates freely, is listed on exchanges and has naturalization channels. The cryptocurrency can buy not only game entities and assets in the virtual economy but also outside real services and goods.

My Referrer link to the game: https://virtonomics.com/income/799512
To participate in bounty program follow official bounty thread: https://bitcointalk.org/index.php?topic=2523711.0
Start of the pre-sale on 11/21/2017.
To join pre-sale just go to https://virtonomics.io/en/
White-paper: https://virtonomics.io/pub/app/ico/docs/Whitepaper_Virtonomics_PreSale_en.pdf
Official bitcointalk thread: https://bitcointalk.org/index.php?topic=2450650

Website: https://virtonomics.com/income/799512

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