Yumerium: The blockchain-based, incentivised, open gaming platform.

bitcoinboss (25)in #yumeriumtoken • 6 years ago

Introduction
Games are an important part of life. Some choose to play it for fun while many have turned professionals. Players collect their favorite game items and then sell it to the third party websites for the profits. Due to lack of channels for earning while playing games, is one of the core reasons for the lack of loyalty in the gamers.

The traditional payments solution for the value exchange in the game's world has many problems. Some of the problems of the payment mechanism in the gaming world include high transaction fee, delayed payment, lack of multi-party payment options and lack of data transparency. There is a market opportunity for the startups to create solutions for the gamers.

The benefits of the project
The bridge between all clients of the platform Yumerium will be the YUM token, which opens the following possibilities:

Recruitment and payment of promoters for targeted marketing, advertising of released games
Development of decentralized tools to raise funds for project design
Mining for gamers who want to recoup their time
The idea of mining YUM tokens during the game will become a driver, thanks to which the number of the Yumerium platform users will grow. Growth will be achieved through the influx of people associated with the world of virtual games or mining. The exponential growth of the audience will attract, in turn, developers and advertisers.
Thus, in the project Yumerium, as in most cryptocurrencies, at the launching stage of the network the self-development algorithm of the ecosystem is laid down. This self-development algorithm is stimulated by the possibility of earning on mining and access to fast, anonymous, anonymous transactions without commissions. The YUM token will have its own wallet and will be freely traded on cryptocurrency exchanges, and not only be traded in a narrow environment of gamers.

The Vision behind Yumerium

The team working at Yumerium is looking at their work as a trade-off. They have witnessed how for years gaming companies have earned millions of dollars from gamers who get no other rewards than the simple pleasure of playing a game to completion. However, the gaming community has one of the most dedicated fanbases out there. There are people who make a living by reviewing and promoting video games, while the gamer just has the option to spend money on it. The recent surge of gaming trends such as the numerous “pay to play” and “pay to win” games flooding the market just add more evidence to expose these facts.

Keeping the currency
For Yumerium to achieve its vision of empowering everyone in the gaming world, they will need to provide a solution that seals the ways through which the gaming industry loses money. Bank transfer fees and other transaction fees are examples of the easiest ways through which this industry ends up reducing its profits. This is usually because of a lot of parties involved in the entire gaming process from the game development to the publishers.

Most of these parties are just middlemen who gain from heavily bargaining on the buying side while making huge profits from the other. The Yumerium platform will make things more direct and transparent. Middlemen will be done away with in this platform while the data on sales on currency transfer will be immutably recorded on their blockchain platform.

Yumerium will have sealed two profit leaks through elimination of middlemen and reduction of transfers through banks. The YUM token, the Yumerium token, will be used to make this reduction possible as transfers involving the YUM token in the platform will be far much cheaper.

Another way through which profits ever reach their full potential is because of third party sites that sell gaming items for a cheaper price than they are actually sold in the game. This is as risky as it sounds because it may mean that the items were obtained illegally. Furthermore, these sites may also be running fraudulent services that aim to make quick cash from unsuspecting buyers. Yumerium wants to ensure that the currency keeps on flowing within the gaming industry as it attracts more people to its platform.

YUM Token

Pre-Sales Phase 1 End Date
June 9 at 12:00 AM UTC

Source of funding

Building this platform will need some good money. Yumerium is crowdsourcing the funds through a token sale that will be held from 11th July, 2018. The YUM token, the official Yumerium token, will be sold during this period. The tokens bought will as lobe issued during the token sale period. The funds that will be raised during this time will partly be used for the development of the Yumerium platform and for the development of Yumerium’s first native game, Cryptomine. These funds will also help in the daily operations of Yumerium.