Spells of Genesis Beats All Crowdsale Goals

Spells of Genesis was the first serious use of the blockchain by a video game company, whose cryptocurrency crowdsale was intended to replace a traditional investment round. This constituted not only a precedent but an experiment, the results of which could shape the future of the gaming industry. Thankfully, it was a huge success.

The game is being developed by EverdreamSoft, based out of Switzerland. Like Moonga before it, it is based on a collectable set of battle cards and played turn-by-turn. While Moonga is a pure strategy game, however, SoG’s gameplay has been revamped in action-arcade style, and now requires timing and coordination.

Unlike other online card games–which use central servers to track who owns which cards–EverdreamSoft’s cards are issued on the Bitcoin blockchain as Counterparty assets, resulting in true, irrevocable ownership. Also issued are BitCrystals, a cryptocurrency integral to the Spells of Genesis economy which also functions as a fundraising vehicle.

Fundraising began with a crowdsale on August 4th, at 15,000 BitCrystals (BCY) per bitcoin. This was decreased by 1,000 every 5 days to a final price of 10,000 BitCrystals per BTC on August 29th. Bonuses such

Read more ... source: NewsBTC USA