Video gaming industry has been expanding at a consistent pace with an annual revenue of over $100 billion, but at the same time, there is an ever-growing sense of unsatisfaction between gamers and developers of the games. NITRO intends to change the way the industry works.
Backed by several high-profile investors and a publicly listed company, the platform intends to democratize the whole process with which the gaming industry functions. Their aim is to bring all the existing stakeholders on a single blockchain network.
The current industry has several glaring problems which may be solved by NITRO. The end-user (gamer) isn’t a part of the development process restrained partly by the lack of incentives. Game studios are laden with the herculean task of raising the funds for the development of the project.
Financers have a hard time to tap into the industry growth while publishers are tackling with the cost of connecting with their audiences. iCandy Interactive, the Australian public company that will facilitate the platform’s development, is an industry leader in the mobile gaming environment with access to about 350 million players across the planet.
The platform benefits all individuals associated with the industry apart from the industry itself. Gamers get to participate in the process of game development among other incentives in order to create a community around the platform. It also enables a secure transaction to take place.
Publishers get a cost-effective way to get to their audiences and have access to millions of potential customers at the palm of their hands. It also allows for them to build healthy relationships with developers as well.
For studios, they have a greater channel for funding, get direct feedback from their ardent fans. The platform also provides them with a better transanctional model along with an improved speed of transactions. To learn more, you can also read their whitepaper.
Currently, in its presale period, the platform is holding a crowdsale from 1 December 2017 to 26 December 2017. The exchange rate with crypto-currencies such as Ether (ETH) is: 1 ETH equals 800 NOX. With an equivalent rate with Bitcoin (BTC). Both BTC and ETH are acceptable for the sale.
Incentives are also being distributed depending on when you invest, and how much. For presale ending 23 November 2017, 30% bonus is being offered on the contribution of 5 ETH or more. For crowdsale, however, first 24 hours will fetch you a 25% bonus while contributions made in the following 48 hours will bring the discount down to 15%.
The team is expecting to raise 75,000 ETH in its presale/ crowdsale period, with a possible over subscription of 10,000 ETH more. NOX (Nitro’s digital currency) is currently equivalent to 1 USD, a feature that the team intends to use in its in-game payments and related transactions.
A total of 120,000,000 tokens are available for distribution of which 60,000.000 will be open in the crowdsale period. The video game industry is ripe for a change and NITRO just might be it.