GAME Credits update — May 2020

Development:

Marketing:

  • GAME Credits swag of all types is coming in the form of hats, stickers, t-shirts and much more. You can get your hands on these initially through promotions we will be running however we have much bigger plans on this front from a branding perspective.
  • New logo — As seen here in the update, we have created a new logo for GAME Credits to officially usher in the new era for the network. You will see swag of various types sporting our logo so keep your eyes out as we endeavor to have our branding show up in many different places.
  • We have applied to become a partner of Crypto.com’s branded white label debit card program. This was just launched recently and we are looking to become one of CMC’s first partners to deliver GAME Credits branded debit cards using the CMC back end. The program was just announced and will take some time to ramp up so we’ll keep you all updated as we move along that process and understand what the requirements are.
  • The company is in daily discussions with numerous top exchanges to help grow GAME. The key for us is forming partnerships with exchanges that have real volume and strong communities of traders. Simply getting listed on 5 new exchanges isn’t going to cut it — we want to find exchanges with strong regional footprints and then cultivate a following in that region with our brand over time. This means we are picky about who we spend our listing fees on and dedicate our time to helping grow those relationships. Our plan is to add several more during the course of 2020.
  • Trading contests will be happening on a more frequent basis post merge. We will be doing this to celebrate the creation of the new ERC-20 GAME token and to help bring more widespread exposure to it along with the markets that support it. Some of these will be done with the exchanges themselves and some will be with other key partners.
  • Social media engagement continues to ramp up as we add new pieces like Twitch , Instagram and Flote. As always, engagement with the public is what matters for us, not posting random content to give the appearance that we are plugged in. Expect to be presented with more contests and opportunities to interact with us here at GAME Credits as we grow our online presence.
  • GAME Credits collector coins created by Finite By Design will be coming this summer. This series was commissioned to commemorate the new era of GAME Credits and the coins will truly be something to behold. We will be offering several ways for people to get their hands on this iconic piece of history.
  • We are proud to be have a very high Metaverse and VR-IQ on the GAME Credits team. This is important because in the new era of social distancing and remote working, VR-based events in crypto are becoming the norm. We are lining up appearances in many future VR-conferences for crypto to have a seat at the table and begin to have an active role in how the blockchain gaming narrative evolves. Once confirmed we shall post the specific events so that you too can hopefully join us.
  • GAME Credits has secured space in both the Sandbox and Decentraland to have a company presence. More and more of crypto and non-crypto business is being conducted virtually and GAME will continue its history of being #1 by being the first crypto gaming platform to have a functional company presence in the Metaverses. We may evolve to the point where a portion of our staff is actually working remotely for us in VR via our company offices in both Sandbox and Decentraland. We are also looking at Crypto Voxels and Somnium Space to ensure we have covered all of our virtual bases.

Platform:

Company:

The merge:

  • Snapshot date is July 1 at 1 PM Eastern time (EST) and will be taken on the GAME Credits current PoW blockchain as well as the Ethereum mainnet via the NovaToken smart contract (Etherscan)
  • ERC-20 GAME token smart contract will be deployed soon after
  • Bittrex and BitBay are giving full support of the snapshot meaning GAME holders can keep their GAME coins on both exchanges during the snapshot. They will be airdropped the new ERC-20 GAME token post snapshot via the exchanges. Each exchange will make their announcements on the above soon
  • For holders of GAME who do not wish to keep their coins on an exchange, we will also be offering a redemption method via the GameCredits core wallet. This will likely entail having the user sign a message to us with their private key from the address that contains the GAME coins they had in their wallet at snapshot time. We will be releasing full details on the manual redemption option in the coming weeks in preparation.
  • From the GAME side, Livecoin is supporting the transition to the new GAME token and will be taking an internal snapshot so coins can be safely left there. For users of Crex24, they will be supporting the snapshot so you will have your new GAME tokens airdropped to you.
  • From the NVT side, we are working with CoinLim to ensure every partner comes over from both sides. Each exchange will make their announcements on the above soon. Altilly will be supporting the swap and airdrop so NVT can be left on there during the snapshot. For users who have NVT on ForkDelta ,they will want to withdraw them to their local Ethereum wallet or move them to Altilly.
  • Holders of NVT can keep their holdings in their Ethereum wallets or the Rewards portal at NovaToken.io. The same ETH address that holds their NVT at snapshot time will be the address that their GAME is sent to
  • Wallet providers Holy Transaction, ABRA and Coinomi will be supporting the new ERC-20 GAME token however they will not be supporting the air drop. You will want to temporarily remove your GAME coins from these wallets and ensure they are in your GameCredits QT core wallet (0.15.4) or at one of the above supported GAME exchanges.
  • Dove wallet / exchange will be fully supporting the snapshot which means you can keep your coins on Dove the entire time and will be given the new GAME token after. You can see the official statement by Dove on the transition:
  • https://medium.com/dovewallet-en/gamecredits-game-swap-to-erc20-token-support-ff49f0eb13f
  • The redemption window will be open until January 1st, 2021. This means holders of GAME can claim and redeem their GAME tokens through the entire year of 2020. Unclaimed coins past this date will be used to help the company and community of GAME Credits.
  • The new currency supply for GAME will be 200M tokens
  • GAME will be swapped at a ratio of 1 : 1 and NVT will be swapped at a ratio of 1000 : 1 (1 GAME coin will equal 1 GAME token and 1000 NVT will equal 1 GAME token)
  • 70M GAME captured in the circulating supply of GameCredits PoW blockchain / 80M captured in the circulating supply of NovaToken
  • 20M created exclusively for the Rewards portal locked in a smart contract. The Rewards portal is an important part of our ecosystem and it helps us grow our reach into areas our competitors are not able to. The GAME in the Rewards portal smart contract are for the community and GAME holders / game developers. We have much planned for the portal so its long term funding is important to us. We also have a Rewards portal halving schedule we will release in the future that shows the amount of GAME to be released each year. The goal is as the portal grows the % of rewards that GAME tokens makes up drops over time as more and more NFT-based rewards enter the portal.
  • 4.4M is allocated to the companies Partner grant fund. This will be used to help future partners out that meet the criteria we establish for receiving some level of financial support from us. This will most often be reserved for promising games that have a deeply vested partnership with us but could be used to help other key partners provided the end result derives a direct benefit to the GAME network.
  • 25.6M is allocated to the company to help with various costs. Expenses such as salaries, marketing, legal, exchange listings, partnerships, contests and just about everything else will be paid for in part via GAME. The company will look to supplement its USD-based costs with GAME tokens where possible. Over time, as the value of GAME rises in USD terms the company becomes better capitalized due to its core holdings of GAME. This is an important factor as we are then able to maintain our economic sovereignty where we may not have the same level of freedoms if we were to bring numerous investors onboard for USD capitalization.
  • Jason Cassidy, Chief Executive Officer

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GAME Credits

GAME Credits

GAME Credits is the first gaming cryptocurrency in history, launched in Feb 2014. We create decentralized tools and services for the Esports and NFT industry.