Creditbit Discuss Proof of Trust’s Distribution Concepts

May 15, 2017

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Creditbit has updated its official website with information on CreditGAME. The new CreditGAME subpage is active now and can be accessed to gain more information on the topic.

The Distribution Concepts of Proof of Trust

The website describes the Proof of Trust distribution concepts as ‘new and fun way of distributing newly created tokens to the community’. Proof of Trust is the ongoing Token issuance which rewards existing owners of CRB Tokens, that voluntarily lock their Tokens for a finite time period.

There are two mechanisms of distributing newly issued Tokens with Proof of Trust – CreditBOND and CreditGAME.

The rewards depend on the length of locking period under CreditBOND, CreditGAME mechanism is much more dynamic and fun.

CreditGAME

CreditGAME will let players participate in Peer to Peer (P2P) games for the CreditBOND reward. Both players will be able to lock an equal amount of Tokens for a certain time period and enter the game.

The winner will get both the rewards for this locking period. Even then, the ownership of the locked coins will not change.

This mechanism is actually reallocating the CreditBOND rewards for locked tokens.

Initially, there will be three games introduced on the CreditGAME platform –

Minesweeper

Minesweeper retains the standard form of the game that everyone is familiar with. In the game, the player is initially presented with a grid of undifferentiated squares. Some randomly selected squares, unknown to the player, are designated to contain mines.

Lotto

One of the most famous games in the lottery business, lotto is a game of luck where you select numbers and win a prize if the same numbers are picked by machine.

Leader Environment

There will also be the option of implementing any existing game with a leader board option into CreditGame platform with the help of leader environment. The community will be able to choose the games to be implemented into platform by vote.

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