GameCredits is a useful universal currency and virtual wallet that the 2.6 billion gamers around the world can use. The developers of GameCredits realized that 1 out of every 3 people play video games, which is an industry valued at $100 billion. To make transactions between developers and gamers simpler and quicker, they created GameCredits.
The currency and virtual wallet make it safe, quick, and private to buy or sell games, along with various in-game items. Compared to credit cards and other traditional methods of conducting these transactions, GameCredits makes the process seamless while protecting everyone’s information and money.
Created by Gamers
One of the things that set GameCredits apart from other cryptocurrencies and related systems is that the team at GameCredits Inc. are gamers first. They got into computers because of gaming and then programming. They founded the company in Belgrade, Serbia, in 2016. Now, there are 100 people on the team working in 10 offices in five countries.
How GameCredits Prevents Cheating
When designing GameCredits, developers considered the fact that estimates put between 50 and 99 percent of virtual goods purchases as fraudulent. Because GameCredits are blockchain-based, all transactions are permanent and there is absolutely no chance of fraud. This is good news for game developers who won’t lose out on the money they should earn. At the same time, it helps gamers, as they don’t have to play against cheaters who fraudulently bought power-ups and other in-game enhancements that give them an unfair advantage.
What Other Advantages Does GameCredits Offer?
With transactions done via GameCredits, users can choose to be invisible and conduct these transactions anonymously. There are no privacy issues at all, yet the blockchain still provides security.
The payment system from GameCredits Inc. also dramatically increases the speed of transactions. While a credit card transaction can take as long as 60 days to finish processing, money via GameCredits can exchange hands in just 60 hours.
How GameCredits Helps Developers
Although there is some overlap in the benefits for developers and gamers, it makes more sense to look at them separately. Developers will receive their payments more quickly, providing financial security. There are also limitless deposits, so there is no restriction on your revenue potential. The commission charged by GameCredits Inc. is also extremely low. Although both Apple and Google Play take 30 percent of your profit, GameCredits Inc. only takes a third as much, leaving you with 90 percent.
Of course, there is also the lack of worry about fraudulent transactions. Everything is recorded on the blockchain, ensuring security and preventing those fraudulent purchases. There is also no concern about chargebacks due to the ledger of the blockchain; every transaction is recorded and immutable. The Big Data tech proprietary to GameCredits Inc. allows for scalability. The technology can handle tens of millions of users at the same time; it does not limit your growth. Games that use GameCredits Inc.’s gateway can also take advantage of cross-promotion with other games.
How GameCredits Helps Gamers
The higher deposit limits help developers increase their revenue stream, but they also let gamers spend as much as they want. Many feel frustrated by limits set by other platforms, but you can put as much money as you want into your GameCredits wallet without concern. Best of all, when you earn credits while playing one game, they are stored in your GameCredits wallet and you can then use them in any other game. All your transactions are anonymous with blockchain security, so there is no concern about privacy. You will also find all purchases to be frictionless, with no need to pause your game to grab your wallet and re-enter credit card information.
If you start using GameCredits sooner, you will make a smart investment and get more purchasing power later. This is because there is a limited supply of GameCredits. So, as more developers and gamers adopt it, the demand increases and so does the value. With GameCredits, gamers can also participate in various e-sport competitions while at home, regardless of whether they are elite players.
Who Can Use a GameCredits Wallet?
The GameCredits wallet, or GWallet, is completely free and provides the utmost security for your GameCredits. You can access the GWallet through your web browser; download it for Linux, Windows (32 and 64), or Mac; or access the source. The GWallet is a universal wallet that provides for all gaming needs.
How Do You Get GameCredits?
If users want, they can mine GameCredits ( GAME ) . The BlockTime is 90 seconds, and there is a retarget each block. The maximum number of coins is 84 million, and the block reward is 12.5 coins. There are currently five mining pools.
How to Buy Game Credits
Alternatively, you can purchase GameCredits on one of more than 10 exchanges. The easiest way to purchase GameCredits is to purchase Bitcoin or Ethererum on Coinbase, then use Changelly to change these to GAME and send them back to your wallet.
Register at Coinbase
For first time buyers of crypto currency, we recommend that you use Coinbase to make your first purchase – its easy to use, fully regulated by the US government so you know it is one of the safest and most reputable places to purchase cryptocurrency from. Coinbase offers the ability to purchase Bitcoin, Litecoin and Ethereum with a credit or debit card or by sending a bank transfer. The fees are higher for cards but you will receive your currency instantly.
You will have to carry out some identity verification when signing up as they have to adhere to strict financial guidelines. Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100.
To get started, click the “Sign up” button where you will be taken to a registration form where you will need to enter your name, email and choose a password.
Coinbase will then send you a link via email to verify your email account, once you click the link in the email you will be taken to a verification page. You must then add your phone number and upload a photo of your ID – this can be a passport, driving license etc. You also have to add your payment details, so you can add your bank account or a debit or credit card as required – after a short period your account will then be verified and you can then make your first purchase.
Purchase Ethereum or Bitcoin
For this guide, we will be purchasing Ethereum to swap for our target cryptocurrency. The reason for this is that it has far cheaper fees than bitcoin for sending and the transaction also happens a lot faster. So in Coinbase, visit the “Buy / Sell” tab at the top, select “Ethereum”, choose your payment method and enter the amount you wish to purchase – you can either enter a US Dollar amount or a number of Ether.
You will then be asked to confirm your transaction, if paying with a card you might have to complete a verification with your card provider. Once that’s complete, your Ethererum will be added to your account.
Using Changelly
The next stage, is to use the Changelly website to swap your Ether for GAME. Use this link and enter how many Eth you will like to convert and it will show you how many GAME you will receive in return, if you are happy then go ahead and click the green “Exchange” Button.
On the next screen you will be prompted to register an account which you can do so by using a social media account or entering your email address.
Once that’s done, you will be taken to a page showing the transaction details – check it over and make sure the amounts are correct. Once you are happy click the green “Next” button.
On the next screen, you will be prompted for your Game Credits wallet address where you will receive the coins. Paste this into the box and click the green “Next” button.
You will then be shown a final confirmation screen, again, make sure all details are correct before proceeding.
Changelly will then provide you will an address to which you mush send your Ether, so copy the address that they give you and then head back to your coinbase account.
Send Your Ethereum or Bitcoin
In Coinbase, click the “Accounts” and Select your Ethereum Wallet on the left and then click “Send”.
Enter the address that Changelly gave you before.
Click “Continue” and then you may have to confirm the transaction with your email or phone if you have 2 factor authentication enabled.
The transaction will now be sent over the Ethereum network and will take a short while to arrive – you can check in your Changelly account where it will notify you of the following steps :
- Waiting for payment
- Exchanging
- Sending to your wallet
Once it’s complete a confirmation message will appear on the screen saying “Transaction Complete”. You can now check your Game Credits Wallet where you can confirm you now own your GAME.
What Other Products Does GameCredits Offer?
GNation is a community for those who play games and those who develop them. This community allows the two groups to work together to ensure that everyone gets the most out of games that they can.
GNation powers GPlay, which is a gaming store. Developers earn 90 percent of the payout for each sale, which is more than you get from any other game store. From a gamer’s perspective, GPlay allows you to enjoy amazing in-game content and titles.
Game.GG is coming soon and will bring competitive e-sports to anyone who wants to participate. Weekend warriors can put their skills to the test, and gaming elites can show off their talents. There will always be quick match-ups, along with fast payouts.
GExchange will be the official exchange office for GNation’s community. This is where users will trade GameCredits in for cryptocurrencies or Fiat currencies. GShare is also coming soon and will be the GNation charity organization designed to help those in need.
Conclusion
GameCredits is poised to revolutionize the way people pay for games, improving the experiences of both gamers and developers. With a single token for all games, users do not need to purchase multiple cryptocurrencies and receive other benefits. Meanwhile, everyone involved benefits from the added security of the blockchain.
