Today the international company GameCredits Inc., founded in 2016 in Serbia, includes a team of 100 people in five countries.
GameCredits is based on Bitcoin and is a simplified version of it. The mining of the cryptocurrency happens on the Scrypt algorithm according to the PoW (proof-of-work) principle. A new block in the chain is created every 90 seconds and the reward for it makes out 12.5 coins. The maximum planned emission of GAME makes out 84 million coins.
GameCredits utilizes Komodo’s dPOW to secure the blockchain from 51% attacks.
The GameCredits Inc. Company itself recommends using five pools for mining its coins:
In the company, they empathize that they neither have launched nor officially support any of the pools but “aim to work with reliable operators only”.
The global goal of GameCredits is to become a universal currency or 2.6 billion gamers around the world, providing the game developers with the possibilities for the further growth of the game industry for $100 billion.
The GAME store currently counts over 3000 games. At that, the store itself offers competitive discounts for some titles. Purchases only require an email address – no personal information is required. This makes the platform very competitive and appealing to those who wish to remain mostly anonymous.
Today, GAME is trade on the largest cryptocurrency exchanges. After the peak growth in May 2017, the cost of the coins decreased slightly on the back of the interest to crypto currencies. As of October 19th, 2017 one coin costs $1.83 with the market capitalization of $116.649 million.
As of July 2018, the teams have split – the GameCredits Foundation is responsible for maintaining GameCredits and its ecosystem, while MGO is under the control of the Sholom brothers.
The price of GAME token or GameCredits is always chaining, however, BitcoinWiki gives you a chance to see the prices online on Coin360 widget.