How SRCGAME is Changing Web3 Gaming with Bitcoin and Blockchain

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI


  1. Core Concepts of SRCGAME
  2. SRCGAME Tokenomics
  3. Partnerships and Migration to the Polygon Network

  4. SRCGAME, a pioneer in the web3 gaming space, offers new perspectives for a constantly developing market. They aim to change the way games are made, played, and monetized using Bitcoin, blockchain technology, and the Src20 standard.

    Core Concepts of SRCGAME

    SRCGAME allows players to own the items they win in the game. Players can also import their old, beloved games into the new system. The 'Challenge & Earn' system enables participation and winning of prizes.

    NFT technology allows gamers to truly own items won in games and transfer them between games. Game developers also benefit by monetizing their games through this system.

    SRCGAME uses Bitcoin and the Src20 standard, ensuring transparency, safety, and fairness. Joint decisions by developers and players help improve the gaming experience for all.

    SRCGAME Tokenomics

    The native token SGM is fundamental to the system, functioning on the Bitcoin network and adhering to the Src20 standard. SGM is used for various platform functions such as:

    * In-game purchases * P2P payments * Participation in e-sports events

    There are 600,000,000 SGM tokens in total, essential for platform operations.

    **SGM Token Use Cases**

    SGM is the main currency in the SRCGAME ecosystem. Both developers and players can use and benefit from it.

    * **In-Game Currency:** SGM is used for P2P payments, buying and selling in-game items, and participating in e-sports competitions. * **Reward for Success:** Players earn SGM through duels and competitions. * **Exclusive Perks:** Owners of SGM get access to exclusive tournaments, early access to games, and discounts.

    **Duels and Tournaments** enable players to earn prizes using SGM tokens. Participants need SGM tokens in a supported wallet to join. * In 1v1 duels, each player pays a fee that goes into the prize pool. * Tournaments with multiple players have similar structures with entry fees and prizes in SGM.

    Partnerships and Migration to the Polygon Network

    SRCGAME collaborates with other companies to expand its network. Two major partners are CDMStamp and Tonka Games.

    **Partnership with Tonka Games**

    Tonka Games and SRCGAME are developing a mini-game platform where users can enjoy games and win prizes. It includes a variety of mini-games, ways to earn, major tournaments, and early competition access.

    **Partnership with CDMStamp**

    To expand in Asia, SRCGAME and CDMStamp have opened a new office in Hong Kong. This strengthens SRCGAME's presence in the global gaming market and connects to more players.

    **Migration to the Polygon Network**

    SGM tokens are transferred to the Polygon network. This improves transaction speed, reduces fees, and makes trading easier on popular exchanges like Uniswap. Users can transition tokens from Src20 to Polygon using the provided utility.

    SRCGAME is making significant strides in blockchain gaming through major alliances, the transition to the Polygon network, and the development of tokenomics. These steps underline the company's commitment to global expansion and enhancing the experience for players and developers.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Experts Warn Against Short-Term Predictions for Bitcoin Prices

chest

Experts warn against over-reliance on single-day ETF flows for predicting Bitcoin prices, emphasizing long-term trends.

user avatarNguyen Van Long

Dormant Bitcoin Wallets Come to Life

chest

Six dormant Bitcoin wallets have moved a total of 55,359 BTC, worth approximately $40.15 million, between August 16 and August 26.

user avatarSatoshi Nakamura

SEC Proposes New Rules for Crypto Custody Regulations

chest

The SEC has proposed new rules to modernize crypto custody regulations for investment advisers and companies.

user avatarJesper Sørensen

US Law Blocks Federal Reserve from Issuing Digital Currency Until 2030

chest

US Congress passed a law blocking the Federal Reserve from issuing a digital currency until 2030.

user avatarRajesh Kumar

ECB Executive Addresses Privacy Concerns of Digital Euro

chest

Piero Cipollone from the European Central Bank addresses privacy concerns regarding the digital euro, emphasizing user privacy and transaction confidentiality.

user avatarLucas Weissmann

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

chest

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.