With the success of Ethereum ICO is increasingly being used to fund the development of crypto projects by releasing tokens that are somehow integrated into the project. With this shift, ICO has become a tool that can revolutionize not just the currency but the entire financial system. ICO tokens can be securities and stocks tomorrow.
What is BitcoinCrown?
Bitcoin Crown is introducing BTCC a new cryptocurrency (ERC-20 Token) and smart contract platform that gives game developers, content creators and gaming communities the required crypto-backed value and tools for implementing and managing virtual goods. The Bitcoin Crown platform will have full support for these tokens in the next 6 months.Bitcoin Crown will develop a powerful framework of open-source software development kits (SDKs), wallets, game plugins, virtual item management apps and a payment gateway platform.
THE FUTURE OF GAMING CRYPTOCURRENCY
Online gaming is one of the most flourishing and stable segments in the technology sphere, supported by a loyal audience of gamers and the spreading of mobile technologies, along with the worldwide expansion of high-speed Internet connection. The two last factors also work towards the developing of digital economy, and especially, of virtual currency market. Virtual currencies have already taken 0,1% of the world’s global money transactions and this really means a lot.
BTCC IS THE NEW ERA OF ONLINE GAMING
Bitcoin Crown is the digital trading token that will give game developers, content creators and gaming communities the required crypto-backed value and tools for implementing and managing virtual goods.You can acquire BTCC through our pre-ICO and ICO stages of release or, once the ICO is finished, by exchanging fiat currency and other cryptocurrencies via select exchanges.
THE PROBLEM
The gaming industry is bedevilled by a lot of challenges whose solution are urgent to bring back sanity and hope to this huge revenue hub. Notable among the problems are payment fraud which results in loss of funds and reputation, high fees as a result of use of third-party platforms for payments, centralization of platform which restricts players and often result in loss of assets when banned, lack of open standard in the gaming industry which leaves user with no knowledge of what to expect, lack of value for users as evident in the fact that gamers do not get real value for playing games and this makes many people think that gamming is more or less a waste of time.
The gaming industry is bedevilled by a lot of challenges whose solution are urgent to bring back sanity and hope to this huge revenue hub. Notable among the problems are payment fraud which results in loss of funds and reputation, high fees as a result of use of third-party platforms for payments, centralization of platform which restricts players and often result in loss of assets when banned, lack of open standard in the gaming industry which leaves user with no knowledge of what to expect, lack of value for users as evident in the fact that gamers do not get real value for playing games and this makes many people think that gamming is more or less a waste of time.
BITCOINCROWN SOLUTION
Having considered the problems facing the gaming industry, Bitcoincrown propose to build a system that will render solution to the problems as a way of revolutionizing the gaming industry and place it where it is supposed to be. A lot of features will be integrated into this platform to make it beneficial to both developers and players. The target is to build a system that will enable game publishers, game servers, and communities to manage virtual goods and in-game items across multiple platforms. We are not forgetting the importance of security as we will apply the best security measures in this platform. Decentralization through the integration of blockchain technology solves the problem of centralised control of the gaming industry by the traditional operators. Through this innovation, power will be returned to the people. One unique thing about Bitcoincrown is the mutual benefit this holds for both developers and players. Monetization using BTCC Coin will be a key focus with robust features and toolsets provided.
Having considered the problems facing the gaming industry, Bitcoincrown propose to build a system that will render solution to the problems as a way of revolutionizing the gaming industry and place it where it is supposed to be. A lot of features will be integrated into this platform to make it beneficial to both developers and players. The target is to build a system that will enable game publishers, game servers, and communities to manage virtual goods and in-game items across multiple platforms. We are not forgetting the importance of security as we will apply the best security measures in this platform. Decentralization through the integration of blockchain technology solves the problem of centralised control of the gaming industry by the traditional operators. Through this innovation, power will be returned to the people. One unique thing about Bitcoincrown is the mutual benefit this holds for both developers and players. Monetization using BTCC Coin will be a key focus with robust features and toolsets provided.
BENEFITS
- Benefits to the Community
- Benefits to the Community include: Gamify your website and mobile community with special BTCC Coins, Improve user participation and contributions in forums and walls, Auto-awards and prepare state-based triggers, Recap your community with in-game items on the server or game.
- Benefits for Game Publishers / Creators
- Benefits for Game Publishers / Creators include: Create new tokens to represent virtual currency, game items, or privileges. , Create and manage virtual stuffs programmatically or through apps. , Create limited time or subscription based virtual goods. , Mint items that can not be exchanged or special edition items. , Set up a virtual goods store. Run a decentralized payment gateway without an intermediary. , Transparent transactions. Prepare report and commission system. , No fraud, chargeback or cancellation. , Minimum fee for blockchain transaction and no commission fee.
- Benefits to Gamers
- Benefits for Gamers include: Buy & sell goods without risk of fraud. , Trade between game items from various games using Bancor for liquidity. , Bring your currency with you in any community or game and keep the value. , Having a valuable currency and rare items that can never be taken. , Use the BTTC market and social networking to find and trade game items. , Generate BTCC coins to play the game. , Convert custom virtual items straight back to BTCC Coins and keep the value.
The Challenges
- BTCC has been facing some challenges like the issues of payment fraud, high fees and slow transactions, lack of true ownership & rarity, No open standards, expensive & time- consuming, lack of value gamificaion, etc.
- Expensive & Time-Consuming: Developing a platform for managing virtual goods is time-consuming and costly. The complexity of managing a virtual economy on proprietary infrastructure delays time to market. Security concerns introduce a further set of difficulties.
- Lack of True Ownership & Rarity: Virtual items are, in-essence, licensed to the gamer and are often only available for use on their proprietary platforms. At times they can be manipulated, lost, or taken back with little recourse for the user. Genuine transparency is missing.
- Lack Of Value Gamification: Value based gamification features are lacking in content management systems and forum software. The users do not get rewarded in the real world value for participation or contribution.
- Payment Fraud: It is estimated that for every legitimate virtual purchase made, there are 75% virtual items lost to fraud, therefore assets stored and managed online can be open to manipulation or chargebacks. Merchants have to deal with extra burdens, and scammers damage the game’s reputation.
- Locked in and Centralized: The digital items and currencies are usually locked to a single game and they are not transferable. Trading items outside of the game environment is cumbersome and difficult. If a player gets banned, they can lose all of their items and currency.
- High Fees and Slow Transactions: The Game publishers and communities usually rely on the third-party platforms to process virtual goods transactions. Gamers encounter slowness, opaque fund flow, and high transaction fees.
- No open standards: Currently, there are no widely-accepted standards for decentralized currencies and assets in games. The user experience is often an afterthought, so the users don’t even know what to expect.
Platform Features
Technical Considerations
Today's gamers and website users demand fast and snappy user interfaces.
The Ethereum network is currently limited in throughput because it has an average block time of 17 seconds (potentially up to 30 seconds).
Today's gamers and website users demand fast and snappy user interfaces.
The Ethereum network is currently limited in throughput because it has an average block time of 17 seconds (potentially up to 30 seconds).
Future updates to Ethereum aim to improve block times to 3 seconds18 (Casper) and allow transfers within milliseconds19 (Raiden).
Both of these updates are planned for late 2017 to early 2018. As the standard block times may impose some delays, we will achieve a modern responsive experience by using off-chain notifications.
Both of these updates are planned for late 2017 to early 2018. As the standard block times may impose some delays, we will achieve a modern responsive experience by using off-chain notifications.
Bitcoin Crown Coin Adoption
Coins to Community Owners
6 months following the BTCC Coin Crowdsale and the deployment of the wallet and core BTCC features, coins will slowly be released to approximately 30,000 verified gaming communities on BTCC.
The amount of coins each community receives will be calculated based on their previous store volume sales, member count, audience visits and various website activity metrics.
6 months following the BTCC Coin Crowdsale and the deployment of the wallet and core BTCC features, coins will slowly be released to approximately 30,000 verified gaming communities on BTCC.
The amount of coins each community receives will be calculated based on their previous store volume sales, member count, audience visits and various website activity metrics.
Adoption Bounty Program
An Early Adoption Bounty program will be put in place for any game, server, or community that begins utilization of the BTCC coin with a verified history of monetizing game content.
We anticipate huge demand in BTCC Coins as we roll our BTCC CMS integration features out to communities.
BTCC will be partnering with game developers and popular game servers of 20,000 players or higher to distribute BTCC Coins as part of bundles, in-game tournament prizes or subscription bonuses.
An Early Adoption Bounty program will be put in place for any game, server, or community that begins utilization of the BTCC coin with a verified history of monetizing game content.
We anticipate huge demand in BTCC Coins as we roll our BTCC CMS integration features out to communities.
BTCC will be partnering with game developers and popular game servers of 20,000 players or higher to distribute BTCC Coins as part of bundles, in-game tournament prizes or subscription bonuses.
TOKEN INFORMATION
- Name: Bitcoin Crown (BTCC)
- Total supply: 70,000,000 Token BTCC
- Total allocation: 50,000,000 BTCC tokens
- Hard Cap: $ 10,000,000 USD
- Soft Cap: $ 2,500,000 USD
- Currency: ETH
SPEND ALLOCATION:
50% Develpoment30% Marketing10% Security & Legal5% Hosting & Infrastucture5% Contingency
The BTCC “Smart" Wallet
A key component in making everything easy to use is the BTCC Wallet. Building on existing light wallet design, the BTCC Wallet streamlines the user experience further by integrating with games and websites that the user trusts. User accounts on each trusted platform will be synced to the user's Ethereum address.
We call this a "smart" wallet because of multiple pieces of functionality that work together to simplify the user experience:
● The Platform API is used to correlate verified gaming and website accounts.
● Transaction Requests are sent from trusted platforms directly to the wallet.
● Subscriptions are confirmed and managed by each local wallet.
● Transaction limits and thresholds enforced by the wallet's smart contract.
● Smart Contracts are used in the background for data & displayed in a clean UI.
● Local rules can be set up for accepting and automating Transaction Requests.
We call this a "smart" wallet because of multiple pieces of functionality that work together to simplify the user experience:
● The Platform API is used to correlate verified gaming and website accounts.
● Transaction Requests are sent from trusted platforms directly to the wallet.
● Subscriptions are confirmed and managed by each local wallet.
● Transaction limits and thresholds enforced by the wallet's smart contract.
● Smart Contracts are used in the background for data & displayed in a clean UI.
● Local rules can be set up for accepting and automating Transaction Requests.
Unsold Tokens & Team Vesting
● Any unsold tokens in Crowdsale will be burned.
● Team tokens are locked for the first 6 months, and will be vested over a period of 24 months total. Team members will be transferred 25% of their tokens after 6 months, and then 12.5% every 3 months afterward. The team list may be updated during the 24 month vesting period. ● Advisor tokens are locked for 2 months and distributed fully.
● Team tokens are locked for the first 6 months, and will be vested over a period of 24 months total. Team members will be transferred 25% of their tokens after 6 months, and then 12.5% every 3 months afterward. The team list may be updated during the 24 month vesting period. ● Advisor tokens are locked for 2 months and distributed fully.
Crowdsale Start and End Date
The crowdsale will begin at 5 a.m. PDT March 25, 2018 (the “Launch Date”) and end at 11:59 p.m.
PDT on April 30, 2018 or when sold out.
Check the official website: www.bitcoincrowncoin.com for further information.
PDT on April 30, 2018 or when sold out.
Check the official website: www.bitcoincrowncoin.com for further information.
How can I participate?
Detailed instructions along with the contribution address will be posted on the official website:
www.bitcoincrowncoin.com
www.bitcoincrowncoin.com
How are funds secured?
All funds collected during the crowdsale will be deposited in a secure multi-sig wallet. Keys will be held by Executive Directors of Bitcoin Crown Ltd. making it so that all outgoing transactions have to be verified by multiple parties. The crowdsale smart contract code on BTCC’s GitHub will be public and available for audit by anyone.
All funds collected during the crowdsale will be deposited in a secure multi-sig wallet. Keys will be held by Executive Directors of Bitcoin Crown Ltd. making it so that all outgoing transactions have to be verified by multiple parties. The crowdsale smart contract code on BTCC’s GitHub will be public and available for audit by anyone.
● ETH exchange rates are subject to change without notice prior to the start of the public crowdsale.
Once the public crowdsale starts the exchange rate will be locked.
● The prices for the presale are not subject to change and will remain the same and have no effect on the public crowdsale.
Once the public crowdsale starts the exchange rate will be locked.
● The prices for the presale are not subject to change and will remain the same and have no effect on the public crowdsale.
Funding Allocation
All funds contributed in the Crowdsale will be used solely for the development, promotion, and growth of BTCC Coin Platform. Below are the preliminary allocation and the distribution and may be subject to change.
50% Development
This refers to the development and operational costs of all technology described in this whitepaper, including smart contracts, wallets, SDKs, APIs, game plugins, third party plugins, and any other BTCC Coin-related updates. This will also cover hiring additional full-time developers and consultants to accelerate development so that we meet or exceed the roadmap goals and expansion goals.
This refers to the development and operational costs of all technology described in this whitepaper, including smart contracts, wallets, SDKs, APIs, game plugins, third party plugins, and any other BTCC Coin-related updates. This will also cover hiring additional full-time developers and consultants to accelerate development so that we meet or exceed the roadmap goals and expansion goals.
30% Marketing & Growth
The marketing budget allows for a constant and relentless promotion of BTCC Coin to gamers in multiple target countries and gaming segments. This will be used for video and in-game advertising, promotional events & tournaments, sponsorships, mobile & social media ads, and liasoning with studios.
The marketing budget allows for a constant and relentless promotion of BTCC Coin to gamers in multiple target countries and gaming segments. This will be used for video and in-game advertising, promotional events & tournaments, sponsorships, mobile & social media ads, and liasoning with studios.
5% Security
We are taking the necessary steps to ensure that optimal security standards are followed in every release. This includes professional code audits and penetration testing on all APIs, smart contracts, Mobile and PC wallets, plugins and SDKs.
We are taking the necessary steps to ensure that optimal security standards are followed in every release. This includes professional code audits and penetration testing on all APIs, smart contracts, Mobile and PC wallets, plugins and SDKs.
5% Legal
BTCC will obtain the appropriate legal advice to always ensure that we operate in accordance with the laws and regulations of each jurisdiction that we do business in. Funds will be held in reserve for any future issues or challenges that may arise in any region.
BTCC will obtain the appropriate legal advice to always ensure that we operate in accordance with the laws and regulations of each jurisdiction that we do business in. Funds will be held in reserve for any future issues or challenges that may arise in any region.
5% Hosting & Infrastructure
This will cover a minimum of 5 years of increased costs required for expansion of the web servers, firewalls, load balancers, DDOS protection and network for anticipated increases in Traffic to the web platform and public JSON-RPC API.
This will cover a minimum of 5 years of increased costs required for expansion of the web servers, firewalls, load balancers, DDOS protection and network for anticipated increases in Traffic to the web platform and public JSON-RPC API.
5% Contingency
This amount will be set aside for unforeseen costs.
This amount will be set aside for unforeseen costs.
ROADMAP
April 2018 BTCC Token Crowdsale http://www.bitcoincrowncoin.comQ2 2018
- Core Smart Contracts
- Platform API
- Mobile Smart Wallet (Core features)
- Minecraft Plugin
- Java SDK
Q3 2018
- C# SDK
- Unity SDK
- Unturned Plugin
- Mobile Smart Wallet Updates
- PC Smart Wallet
- BTCC Store Modules
- BTCC Automations
- BTCC Forum Integration
- Token Manager
Q4 2018
- Unreal Development Kit
- iOS Swift SDK
- Android SDK
- Virtual Item Trading System
- PHP SDK
Q1 2019
- BTCC Mobile App
- Payment Gateway Contract
- Payment Gateway Framework
Q2 2019
- Subscriptions
- TopList Contract & UI
- BTCC Coin Community App
Team
Executive team
Executive team
ICO Advisor
Technology Team
Website: http://www.bitcoincrowncoin.com/
Whitepaper: http://www.bitcoincrowncoin.com/legal/white%20paper.pdf
Facebook: https://www.facebook.com/BitCoinCrownofficial
Twitter: https: // twitter.com/BtcCrown
ETH : 0x37B6953a3D9c40D5e40Dfc7DA2B8A58223b2a583
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