Independent blockchain gaming company CRYCASH will be launching a public crowd sale event on December 12th, 2017. The event will raise the funding required to develop a platform for its unique CRYCASH cryptocurrency token that will power an ecosystem of products and services tailored specifically for online gamers and game developers.
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The decentralized solution intends to revolutionize the way online gamers interact with each other, while introducing the value and benefits of cryptocurrency to millions of developers and players all over the world.
As a preparatory measure to ensure the success of the token sale, CRYCASH has also teamed up with German video game and software developer Crytek, leveraging the keen success of Crytek’s famous suite of games published, including the original FarCry title and the immersive world of the Crysis franchise.
Crytek will integrate CRYCASH into its CRYENGINE Marketplace, instantly enabling current gamers to use the new cryptocurrency as a payment method, while also using the CRYCASH platform as an advertising service to attract new players. Crytek will also integrate CRYCASH into its online titles, beginning with the Warface Turkey game.
CRYCASH CEO Wachtang Budagaschwili spoke with pride on the new partnership, particularly because of its recognized achievements with such popular titles and the opportunity to expose millions of active gamers to the CRYCASH tokens. Budagaschwili hoped that CRYCASH would tackle existing industry problems by introducing revolutionary new solutions designed specifically for gaming participants:
“The gaming industry lacks effective tools for players to monetize their game time, collaborate and communicate. On the other side, game developers are also challenged by high customer acquisition costs and comparatively long time to market.”
Crytek, on the other hand, remarked on the impressive innovative ideas introduced by CRYCASH, and hoped that the partnership would bring value to both parties, especially with the potential for CRYCASH to bring in new blood. With multiple award-winning titles under its belt, Crytek has already revolutionized video gaming industry with the likes of FarCry, Warface, Crysis Franchise, and Ryse: Son of Rome – which together is played by over 50 million players all over the globe:
“Being a trendsetter in gaming, our strategy is to introduce the benefits of new technologies before they become mainstream. We’ve been looking into blockchain for a while now and, having reviewed various cooperation proposals, we finally chose CRYCASH as a technological partner.”
The CRYCASH Token Sale
The CRYCASH public crowd sale event will make available CRYCASH tokens (CRC) for sale beginning on December 12th, 2017 at 19:00 UTC and ending on January 15th, 2018 at 18:59 UTC. Once a cap value of 70% is achieved, the total token issuance will be revealed.
CRC tokens are ERC-20 tokens issued on the Ethereum blockchain, and are sold at a base price of 1 ETH = 1,000 CRC. They are expected to be available for trading on the open market with listings on exchanges to begin in February 2018.
To reward early contributors, a bonus scheme of 15% will apply on top of all token purchases for the first five days of the token sale, decreasing by 1% every 24 hours thereafter until December 31st, 2017 at 18:59 UTC. Additionally, big backers will be rewarded for contributing 200 ETH or more, by gaining a 20% bonus in addition to early participation bonuses.
The CRYCASH solution is represented by a decentralized ecosystem of products targeting gamers. Among its features are Plink, a dedicated mobile application for players to communicate and collaborate, a wallet supporting CRYCASH tokens rewarded to players for completing game tasks, a marketplace for trading virtual items, a Cyber Sports eSports betting platform, and an advertising platform catering to game developers.
To learn more about CRYCASH, visit the website or read the whitepaper.