The first cross-game marketplace DMarket gives each gamer the opportunity to evaluate their time, skills, and luck. Gamers will be able to buy and sell their in-game items in one click, as well as to exchange and evaluate all their possible gaming assets, items, skins, designs, or mods. This has a potential to become a new cluster of the world economy for hundreds of billions of dollars, and will allow gamers to earn real money.
How the platform works
Dmarket provides game developers its API that allows to connect any game to the marketplace. DMarket API will be supported by any popular gaming engine (Unreal Engine, Cryengine, Unity 3D, etc.). It will be available for any games despite the game’s release date (even for the 1990s games). All information, such as transaction history, owner information, or cost, will be stored on the blockchain. It will enable one-click sale, exchange or evaluation of every virtual item between all games on any platform. Every DMarket user will have a wallet on a permanent basis. The wallet will store all data in a decentralized database and interact with players using smart contracts.
A universal currency for the calculations within the system will be a Dmarket token. It will be the only currency used in the marketplace.
The currencies accepted are ETH and BTC. The minimum target to be attracted to the ICO for the first round is 5 million DMarket tokens, at the token exchange rate of 1 ETH = 1000 DMarket tokens with a bonus of +10%, and the funding cap is 50,000,000 DMarket tokens. The maximum amount planned is 50 million tokens. After the token sale is closed, 10% of the total tokens amount sold are issued and reserved for DMarket’s core activities.
If the minimum amount is not reached during the ICO, the money will be returned back to investors. All unsold tokens will be destroyed. No more sales outside of the two tokensale rounds are planned.
Phase #1 will start on August 17, 2017 and is expected to end on August 20, 2017 or when the funding cap is reached.
Phase #2 is scheduled for November 2017.
The DMarket team plan to release an alpha version of the product in October 2017. The product launch is scheduled for early 2018.
The Team Behind DMarket
DMarket team in general has a rich experience creating working products and successful business. The core of the team are people with many years of experience both in the game industry and in crypto development.
Volodymyr Panchenko, co-founder and CEO of DMarket, has also launched SkinCash, a marketplace for trading items from CS:GO, Dota2 and Team Fortress 2, in 2016. Today it’s the world’s second largest virtual goods trading platform with over 12 million in-game items sold last year.
Alexander “ZeroGravity” Kokhanovskyy, co-founder, is also the founder of Natus Vincere (Na’Vi), one of the most successful eSports teams.In 2016 he became a shareholder of ESforce Holdings, the 3rd biggest eSports entity funded by USM Group (Mail.ru, VK .com, Megafon) which raised over $100M of investments in the latest round.
Andriy Khavryuchenko, the senior developer of DASH cryptocurrency (world top 7, market cap $1.4B). He has 4 years of experience in crypto development and 26 years of experience in software development.
DMarket has also a strong advisory board. Top PROs like Oren Klaff, the founder of Intersection Capital, who raised $2 billion in investments, Brian Kerr, Managing Director at GL Ventures, Founder CEO at Fnatic Gear, Oleg Yavorsky, co-founder of Vostok Games developing company, Evgeniy Grygorovych, Project Leader at GSC Game World (S.T.A.L.K.E.R., Cossacks game series) became a part of DMarket team.
BIG Value
As for gamers, all the virtual items which are earned with such a time and effort, will acquire real value. This is the first and the only tool in the world which can help every gamer to become a part of the real world economy.
As for investors, Dmarket token will measure any virtual thing of billions of gamers around the world. Each purchase, sale, exchange, or any other operation will require a Dmarket token. This is a market that is estimated at 200+ billion dollars.
Disclaimer: Live Bitcoin News does not endorse this publication, not any of its members are associated with it. Readers are recommended to research on their own before making any investments in any company.
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