BitCoin Crown (BTCC) – Smart cryptocurrency for gaming World
Bitcoin Crown will be the largest gaming community creation platform online:
● 250,000 gaming communities across thousands of games worldwide
● 20 million registered gamers
● Launched in 2017, based in UK
● 70M global views per month
● Gaming focused Content Management System and Forum creator
● Millions of USD per month in virtual goods sales across BTCC community stores
Bitcoin Crown is introducing BTCC a new cryptocurrency (ERC-20 Token) and smart contract platform that gives game developers, content creators and gaming communities the required cryptobacked value and tools for implementing and managing virtual goods. The Bitcoin Crown platform will have full support for these tokens in the next 6 months.
Bitcoin Crown will develop a powerful framework of open-source software development kits (SDKs), wallets, game plugins, virtual item management apps and a payment gateway platform.
Virtual Goods on the Blockchain
A decentralized platform to manage, distribute, and trade virtual goods. Giving Gamers and content creators a new model of virtual ownership.
The first easy to use Gaming Cryptocurrency
BTCC Coin is the first cryptocurrency with an authentic purpose for online gamers. Earn and trade virtual goods in the most popular gaming community creation platform online.
SDKs for the Game Industry
BTCC Coin platform is made for the game industry. SDKs for multiple languages, wallets and payment platforms will be available and completely open-source.
A new gaming experience with real ownership & value
Online gamers can bring or trade their assets from game to game, community to community, growing their digital wallet with real value as they play.
A solution to Fraud & High Fees
For every legitimate virtual item purchase 75% items are lost to fraud. BTCC Coin minted Tokens will create trust and security with minimal transaction fees.
Backed by Communities & Creators
Millions of engaged gamers
BTCC’s millions of highly engaged users socialize and work together to create unique communities, game content, and virtual economies. By providing the tools they need, BTCC empowers these creators to monetize their content.
Game value & content creation
Sandbox games, such as Minecraft, are the most popular games online. Using BTCC Coin we will promote a culture of passion, collaboration, and pride by giving players more control over their game content. Players that feel valued will keep coming back, and increase revenue and engagement for publishers and content makers.
BitCoin Crown adopts BTCC Coin
BTCC is uniquely positioned in the virtual goods market to promote and establish a Cryptocurrency. We give gamers, communities and game creators high quality tools for monetizing their gaming world.
It is estimated that for every legitimate virtual purchase made, there are 75% virtual items lost to fraud, Assets stored and managed online can be open to manipulation or chargebacks. Merchants have to deal with extra burdens, and scammers damage the game’s reputation.
High Fees and Slow Transactions
Game publishers and communities rely on third-party platforms to process virtual goods transactions. Gamers encounter slowness, opaque fund flow, and high transaction fees.
Lack of True Ownership & Rarity
Virtual items are, in-essence, licensed to the gamer and are often only available for use on their
proprietary platforms. At times they can be manipulated, lost, or taken back with little recourse for
the user. Genuine transparency is missing.
Locked in and Centralized
Digital items and currencies are usually locked to a single game and not transferable. Trading items outside of the game environment is cumbersome and difficult. If a player gets banned, they can lose all of their items and currency.
No open standards
There are currently no widely-accepted standards for decentralized currencies and assets in games. The user experience is often an afterthought, so users don’t know what to expect.
Expensive & time-consuming
Developing a platform for managing virtual goods is time-consuming and costly. The complexity of managing a virtual economy on proprietary infrastructure delays time to market. Security concerns introduce a further set of difficulties.
Lack of value gamification
Value based gamification features are lacking in content management systems and forum software. Users do not get rewarded in real world value for participation or contribution.
BTCC will develop tools that enable game publishers, game servers, and communities to manage virtual goods and in-game items across multiple platforms. Monetization using BTCC Coin will be a key focus with robust features and toolsets provided. Great benefits will be gained by utilizing a decentralized platform and the supporting frameworks.
Benefits for Communities
● Gamify your website and mobile community with custom BTCC Coins
● Increase user participation and contribution on forums and walls.
● Automate rewards and setup a variety of condition based triggers.
● Tie-in your community rewards with in-game goods on servers or games.
Benefits for Game Publishers / Content Creators
● Create new tokens to represent virtual currencies, game items, or privileges.
● Create and manage virtual goods programmatically or via an app.
● Create time limited or subscription based virtual goods.
● Mint non-fungible items or special edition items.
● Setup a virtual goods store.
● Run a decentralized payment gateway with no middle-man.
● Transparent transactions. Setup reports and commission systems.
● No fraud, chargebacks, or cancellations.
● Minimal fees for blockchain transactions and no commission fees.
● Open-source suite of APIs and SDKs for every popular platform and engine.
● Smart wallets that facilitate easy automatic payments from users.
● Easily setup a site and mobile community with full virtual goods integration.
Benefits for Gamers
● Buy & sell items with no risk of fraud.
● Trade between gaming items from different games using Bancor for liquidity
● Take your currency with you across any community or game and retain value.
● Own valuable currency and rare items that can never be taken away.
● Use BTCC’s marketplace and social network to find and trade game items.
● Earn BTCC coins playing games.
● Convert custom virtual goods directly back to BTCC Coins and retain value.
● Earn coins by participating in communities and posting on forums.
● Buy in-game items on thousands of game servers and games that support BTCC.
● Prove ownership of items by showing them off in website widgets.
2. Market Industry Growth
Global Gaming Market
The global gaming market is experiencing explosive growth, reaching US$108.9BN in 2017 and a projected US$128.5BN by 2020.
Bitcoin Crown is headquartered in UK, providing the perfect springboard to further target the Chinese, Japanese and Korean markets. 58% of the growth in 2016 came from Asia-Pacific countries.
Initial Target Audience
Minecraft is one of the most popular video games in the world, with over 55 million monthly players. BTCC is in a unique position because of our large existing Minecraft user-base. The Unity game has a combined 770 million users across all games, and 34% of top 1000 free mobile games are made with Unity. This along with Unity’s strong presence in Indie games is why BTCC Coin will be developing a Unity SDK early.
Virtual Goods market
It’s estimated that, the overall value of the Global Social Gaming market by 2019, is to reach US$17.4BN. Virtual goods, advertisements, and lead generation offers are the main revenue generation sources of the global social gaming market. Among these, the virtual goods segment is likely to expand the fastest at a compound annual growth rate of 15.20% over the forecast period.
Where Virtual Goods are purchased
Revenue from the different content types of virtual goods
Median Spent on Digital Goods by Content Type
Mobile Game Market
With the recent release of the BTCC Mobile App, featuring communities, forums, wall feeds, messaging, notification, rich content creation, and friends management, BTCC is growing rapidly in the mobile app sector.
2.2 billion gamers across the globe are expected to generate US$108.9 billion in game revenues in 2017. Mobile is the most lucrative segment, claiming 42% of the market. In 2020, mobile gaming will represent just more than half of the total games market.
3. Bitcoin Crown Coin Adoption
Coins to Community Owners
6 months following the BTCC Coin Crowdsale and the deployment of the wallet and core BTCC features, coins will slowly be released to approximately 30,000 verified gaming communities on BTCC.
The amount of coins each community receives will be calculated based on their previous store volume sales, member count, audience visits and various website activity metrics.
Adoption Bounty Program
An Early Adoption Bounty program will be put in place for any game, server, or community that begins utilization of the BTCC coin with a verified history of monetizing game content.
We anticipate huge demand in BTCC Coins as we roll our BTCC CMS integration features out to communities.
BTCC will be partnering with game developers and popular game servers of 20,000 players or higher to distribute BTCC Coins as part of bundles, in-game tournament prizes or subscription bonuses.
4. BTCC Team
BTCC’s team has proven capabilities and experience in software engineering, marketing, blockchain technologies, and business operations. We have a solid reputation in the industry, and a long work history together.
5. Platform Features
Today’s gamers and website users demand fast and snappy user interfaces.
The Ethereum network is currently limited in throughput because it has an average block time of 17 seconds (potentially up to 30 seconds).
Future updates to Ethereum aim to improve block times to 3 seconds18 (Casper) and allow transfers within milliseconds19 (Raiden).
Both of these updates are planned for late 2017 to early 2018. As the standard block times may impose some delays, we will achieve a modern responsive experience by using off-chain notifications.
Trusted Platforms will send an instant notification to the user’s Smart Wallet for each Transaction Request. When the transaction is accepted by the user and created on the blockchain, the wallet will call the Trusted Platform API with the transaction to watch. The game or website can then be updated immediately with a placeholder item or non-tradeable version of the asset until enough confirmations are reached to allow full ownership of the item. In the case of in-game currencies, the user’s balance would immediately update in the game but any unconfirmed portions would be locked from spending until the appropriate numbers of confirmations are reached on the blockchain.
The BTCC Coin SDK will display confirmed and unconfirmed balances when listing BTCC and custom assets, to make implementation easy and clear. After Raiden and Casper updates are deployed on the Ethereum Network, these safeguard measures will eventually become imperceptible.
BTCC will be testing the Raiden Network for lightning-fast asset confirmation speeds as soon as the Developer and minimum viable product (MVP) releases are completed, later this year.
Tokens & Smart Contracts
We will deploy BTCC Coin and virtual assets as ERC20 tokens on the Ethereum network.
Ethereum is the most popular and widely supported smart contract blockchain, with a huge development community and robust language support. We believe it has a strong future in game development and in creating the new decentralized internet. A collection of smart contracts will provide core functionality on the blockchain: The Mint, Payment Gateway Contract, Smart Wallet Contract, subscription Contract, Custom Coin Registry and Top List Contracts.
BTCC will host a public Platform API using the JSON-RPC protocol with methods for checking account balances and accessing each of the above smart contracts. This will allow websites to display data to internet users without requiring a web wallet extension installed in the web browser.
Create & Manage Virtual Goods
Games and communities can mint unique ingame items, currencies, and privilege tokens using BTCC Coins as the parent currency. These assets can be converted back into BTCC Coins by anyone holding them, at the original exchange rate which they were
Minting Custom Coins
Web, Mobile App and API-based user interfaces to the Mint smart contract will be developed to make asset creation and management a simple process.
The following parameters define a new custom asset:
● Maximum Supply
● Decimal Places
● Exchange Rate
● Access List
Once created, a Mint smart contract will be cloned and registered in the singleton Registry smart contract, which will allow custom assets to be recognized by all Smart Wallets. The custom asset may now be minted by anyone in the Access List by sending BTCC Coins to the new Mint smart contract. The Name, Icon and Access List properties may be updated at any time by the Mint contract owner.
The Mint contract stores all BTCC coins used to mint each unit of a Custom Coin. BTCC wallets provide an interface to exchange Custom Coins back to BTCC Coins that are contained in the Mint contract. This provides liquidity and the option of backing custom assets with a known BTCC value.
Economically, any custom assets created with BTCC will decrease the number of BTC in circulation, preserving and increasing the value of the BTCC ecosystem over the long term. Custom Coins that gain their own intrinsic value inside the gaming ecosystem will be held and traded further by the community, while others could be traded back to regain their original BTCC Coin value – giving all users easy liquidity.
Custom Coins as game items
The same mechanism for minting Custom Coins may be used to represent unique game items. In this scenario, BTCC coins would be used to mint one or more Custom Coins representing a game item that has value tied to it.
Non-fungible items may be issued at the time of minting by including unique data such as the original player who owns the item, the date it was minted, the boss monster it was looted from, or other irreproducible data infused into that specific unit.
Item Trading Economies
Using decentralized assets allows gamers to trade with each other outside of the game environment, and even trade and establishes value across multiple different games. Custom Coins will be compatible with any external exchange that supports Ethereum Tokens. Additionally, BTCC will be developing a marketplace, wish-lists, and auction features, directly inside of the BTCC social network and Activity Feed system to facilitate P2P trading.
The power of Custom Coins as privilege tokens
Custom Coins will be added to the existing access controls used across the BTCC CMS and can be used as a powerful method of delegating power. For example, a website owner may sell a limited number of “Ad” tokens that allow uploading an ad to the news page or message board. In a game, a custom “Chest Key” token could be required to open chests containing rare items.
BTCC Coin features will be integrated across the entire BTCC CMS platform and natively supported by over 250,000 existing gaming websites. Going past the BTCC CMS, BTCC will develop phpBB, vBulletin, Xenforo and other forum and CMS integrations as part of the opensource Platform API that will allow even more internet communities to easily adopt BTCC Coins into their websites and games. Open-source PHP and NodeJS SDKs will give web developers easy access to all BTCC Coin features and functionality for custom website and API integrations.
The existing automation system on the BTCC CMS Platform can reward coins to user Accounts based on powerful combinations of conditions and triggers. Various rewards System can be setup for user participation on the forum and other website activities.
The BTCC CMS includes an incredibly feature-rich forum system, currently powering everything from small teams to giant communities with over a million users participating on their message boards. Forum votes and points will be extended with the ability to display Custom Coins. Tipping will be added to the Forums so that coins can be tipped to users with a few simple clicks (and this action would be displayed on the thread).
Donations & Group Pay
Many websites accept donations instead of using a store – especially smaller eSports clans or guilds made up of friends. BTCC Coins will now be a payment option in the Donation module and Stretch Goals.
Promotion & Advertising on the BTCC Platform
BTCC’s extremely popular wall system will be upgraded with a Post Promotion system which accepts BTCC Coins as the payment method. Promoted Wall Posts can be targeted to specific games and interests within the audience of 18 million engaged gamers.
Decentralized Payment Gateway
The Platform SDK makes creating a complex decentralized payment gateway a breeze. It is designed to allow for unique new payment structures which can reduce accounting work and increase trust between merchants and customers.
Build your own customized Gateway
All backend functionality necessary to build a PayPal-like gateway will be included in the Platform SDK. As a provider, you can implement your own desired features, such as carts, web invoices, email/SMS notifications, refunds and more by building on the open-source code and examples provided in the SDK.
Native Support for Custom Coins
No Built-In Fees
Other than very small Ethereum transaction fees, complete payment gateways can be created and no built-in fees or costs are imposed.
An exciting new feature of the payment gateway platform is multiple payees. Incoming funds can be contractually divided up between more than one account. Payees may pull their allocated funds from the Gateway smart contract. Consider these potential use cases: Profit Sharing, provider Fees, charity or Prize fund.
Easy Automatic Payments
Using a novel Smart Wallet transaction mechanism, we can allow faster, easy to use automatic payments on the Ethereum network, while maintaining the high level of security that the blockchain allows. The user will approve games and websites as being Trusted Platforms that can initiate a transaction request. The user’s wallet (mobile or PC) will prompt for confirmation whenever a transfer of funds or a new subscription is requested.
The BTCC “Smart” Wallet
A key component in making everything easy to use is the BTCC Wallet. Building on existing light wallet design, the BTCC Wallet streamlines the user experience further by integrating with games and websites that the user trusts. User accounts on each trusted platform will be synced to the user’s Ethereum address.
We call this a “smart” wallet because of multiple pieces of functionality that work together to simplify the user experience:
● The Platform API is used to correlate verified gaming and website accounts.
● Transaction Requests are sent from trusted platforms directly to the wallet.
● Subscriptions are confirmed and managed by each local wallet.
● Transaction limits and thresholds enforced by the wallet’s smart contract.
● Smart Contracts are used in the backgroundfor data & displayed in a clean UI.
● Local rules can be set up for accepting and automating Transaction Requests.
The user can define a list of trusted APIs in the wallet settings, ranging from the BTCC API itself, to trusted game publishers, to any third party running the Platform API. The wallet is able to receive push notifications, receive transaction requests and sync user accounts from each trusted platform.
A user can send BTCC coins to another user on a trusted platform by looking up their username and the wallet will find matching contacts and their associated account address.
Instead of forcing users to copy and paste account addresses or receive risky web-injected transaction commands, each trusted platform will send a Transaction Request to the wallet. The user will be prompted with some useful information about the transaction and can Accept or Deny it with a single click. This creates a clean and seamless user experience and prevents the confusion and uncertainty typically associated with blockchain wallets.
Rules & Thresholds
Rules and thresholds can be defined to prevent undesired transactions. If a piece of game logic creates transactions that exceed the thresholds, the wallet will display the pending queue of transaction requests, and prompt the owner for confirmation. Rules can be defined very narrowly, such as “Allow sending a single 20 BTCC Coin reward once daily.” Changing any of these settings will require a 24 hour safety delay and alert the user of a pending setting update.
The BTCC Wallet will also exist as a Mobile (iOS/Android) application and implement the same features mentioned above. Many users will prefer to accept transactions on their phone while playing a game on their PC. The mobile wallet can be set-up quickly by scanning a QR code that contains settings.
The mobile app will receive Push notifications from BTCC and any trusted platforms. If a transaction request is pushed, the mobile wallet will verify funds exist and ask the user to Accept or Deny the coin transaction.
This will allow players in-game to easily send coin transactions by using their phone as the authentication device.
Virtual Goods Store
Create a Store in minutes
Game assets can be represented with Custom Coins, and the process of creating a shop for in-game items or privileges is already straightforward with BTCC: Websites hosted on BTCC Platform can associate a specific wallet containing BTCC and Custom Coins to the website account. This would link any sellable assets to the BTCC Store module admin panel and these could be listed for sale in-game and on the website priced in BTCC Coins, Custom Coins, Bitcoin, Litecoin, Ethereum or Fiat currency.
Donation Craft is a powerful shopping cart and ecommerce system used by tens of thousands of BTCC communities daily and currently processing millions of dollars per month in virtual item purchases and subscriptions. It supports a powerful API, in-game purchases, validates game characters and allows for website automation using triggers and purchase conditions.
The BTCC Wallet opens up an exciting, unprecedented new feature for crypto currencies: the ability to create real subscription services. Server owners and community owners will be able to provide time-based services like power-ups, ranks, or unlock website content for subscribed users.
Subscriptions involve 3 parties:
An account with permissions to withdraw from the Subscription Smart Contract.
The customer with a BTCC Smart Wallet installed and a balance of BTCC Coins.
The API that creates subscription terms between the Merchant and Subscriber, and pushes this as a Subscription Request to the Subscriber’s wallet.
A Subscription Request containing metadata about the subscription is sent to the Smart Wallet to be accepted. This will initiate a smart contract relationship between the Subscriber and Merchant.
The Smart Wallet will automatically send funds to the smart contract at regular intervals, and the Merchant will only be permitted to withdraw funds which have been accounted for, based on elapsed time. The Subscriber may choose to cancel anytime to be refunded for the remainder of the subscription interval.
Escrow for Virtual Items & Trading Platform
An escrow system using smart contracts allows multiple parties to trade any number of game items and currencies safely.
Party A will initiate the contract:
● Token(s) offered
● One or more sets of token types accepted in trade
Party B can now check the contract and send any one of the accepted sets of tokens. The first matching set of tokens will release the offered items to Party B.
This can be used for simple player-to-player trades, aided by the Smart Wallet in-game to identify the correct item types and accept the trade with a tap or click.
It can also be used for an on-chain digital goods marketplace. Party A may accept various types of tokens, for example:
● 100 BTCC Coins
● or.. 1 Sword
● Or.. 1 Helmet + 1 Breastplate + 2 Gloves + 2 Boots
The first buyer sending any of the accepted item sets will complete the escrow transaction.
Game Top Lists
TopLists allow people to rank games, servers, teams, or any other item. This is very popular with game servers that solicit player votes or pay toplist websites to be ranked higher.
The TopList format is being implemented as a decentralized smart contract with rules that enable market bidding or democratic voting. The public nature of the blockchain can reduce unfair corruption or manipulation of TopLists.
The creator of the list receives all coins spent to add items or vote. This incentivizes list creators to promote and market their list to their audiences.
A list can be configured with a cost to add items and a cost per vote. These may be priced in BTCCor a specific Custom Coin type. The settings available to TopLists allow a range of ranking schemes, from simple Democratic votes (one vote per identity), to Plutocratic votes (wealthiest voters ruling), to somewhere in between. Democratic lists may be created using a limited set of custom coins that are automatically sent to each long-term member of a community. This kind of distribution is already possible using Automations in the BTCC CMS, as an example.
Game Integration & SDKs
● iOS Swift
● Android C#
For the web, PHP and NodeJS SDKs will enable the creation of custom APIs and web services used by games and websites.
Unity is a popular cross-platform game engine used by over a million developers. The Unity C# SDK will allow creation of transaction requests, reading account balances, creation of subscriptions, and querying toplists.
The BTCC Minecraft Plugin will include an Ethereum light client and communicate with the BTCC API. New features will be added that allow servers to initiate transaction requests for both the server and for players themselves. Spigot, Sponge, and Forge servers will be supported since these are the most popular plugin platforms for Minecraft on the PC.
We are developing a plugin to support Unturned, a popular multiplayer survival game with a rich third-party plugin framework. Permissions and items will be linked to BTCC Coin assets, and most features from the BTCC Minecraft Plugin will be ported for Unturned.
Unreal Development Kit 4
UDK4 is a powerful game engine used in many high-budget games as well as indie titles. A C++ library will be developed with similar features to the Unity SDK above.
6. Token Crowdsale
Only 70 Million BTCC tokens will ever be created. Among them 20 Million will be send as bonus tokens. The BTCC tokens are intended to be allocated as follows:
60% (30,000,000) to be sold by BTCC to Crowdsale purchasers minus any bonuses applied in the Crowdsale Period.
20% (10,000,000) reserved by the Company to incentivize community, beta testers, marketing and strategic partners.
20% (10,000,000) to be distributed by the Company to the BTCC Coin Team and Advisors.
Unsold Tokens & Team Vesting
● Any unsold tokens in Crowdsale will be burned.
● Team tokens are locked for the first 6 months, and will be vested over a period of 24 months total.
Team members will be transferred 25% of their tokens after 6 months, and then 12.5% every 3 months afterward. The team list may be updated during the 24 month vesting period.
● Advisor tokens are locked for 2 months and distributed fully.
Crowdsale Start and End Date
The crowdsale will begin at 5 a.m. PDT March 25, 2018 (the “Launch Date”) and end at 11:59 p.m. PDT on April 30, 2018 or when sold out.
Check the official website: www.bitcoincrowncoin.com for further information.
How can I participate?
Detailed instructions along with the contribution address will be posted on the official website:
How are funds secured?
All funds collected during the crowdsale will be deposited in a secure multi-sig wallet. Keys will be held by Executive Directors of Bitcoin Crown Ltd. making it so that all outgoing transactions have to be verified by multiple parties. The crowdsale smart contract code on BTCC’s GitHub will be public and available for audit by anyone.
● ETH exchange rates are subject to change without notice prior to the start of the public crowdsale. Once the public crowdsale starts the exchange rate will be locked.
● The prices for the presale are not subject to change and will remain the same and have no effect on the public crowdsale.
All funds contributed in the Crowdsale will be used solely for the development, promotion, and growth of BTCC Coin Platform. Below are the preliminary allocation and the distribution and may be subject to change.
This refers to the development and operational costs of all technology described in this whitepaper, including smart contracts, wallets, SDKs, APIs, game plugins, third party plugins, and any other BTCC Coin-related updates. This will also cover hiring additional full-time developers and consultants to accelerate development so that we meet or exceed the roadmap goals and expansion goals.
30% Marketing & Growth
The marketing budget allows for a constant and relentless promotion of BTCC Coin to gamers in multiple target countries and gaming segments. This will be used for video and in-game advertising, promotional events & tournaments, sponsorships, mobile & social media ads, and liasoning with studios.
We are taking the necessary steps to ensure that optimal security standards are followed in every release. This includes professional code audits and penetration testing on all APIs, smart contracts, Mobile and PC wallets, plugins and SDKs.
BTCC will obtain the appropriate legal advice to always ensure that we operate in accordance with the laws and regulations of each jurisdiction that we do business in. Funds will be held in reserve for any future issues or challenges that may arise in any region.
5% Hosting & Infrastructure
This will cover a minimum of 5 years of increased costs required for expansion of the web servers, firewalls, load balancers, DDOS protection and network for anticipated increases in Traffic to the web platform and public JSON-RPC API.
This amount will be set aside for unforeseen costs.
7. Development Roadmap
We are absolutely dedicated to meet our development goals ahead of schedule and provide the ultimate framework and feature support for BTCC Coin.
8. Important Links & Support
BTCC Website : http://www.bitcoincrowncoin.com
Twitter : https://twitter.com/BtcCrown
Telegram : https://t.me/bitcoincrown
Bitcointalk : https://bitcointalk.org/index.php?topic=3194641
Reddit : https://redd.it/86zr0r
Facebook : https://www.facebook.com/BitCoinCrownofficial
GitHub : https://github.com/Bitcoincrown
Bitcointalk Usernam : milobubu
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2091970
Eth Address : 0x533330b7Aa38D23FEF62e4894d5f5d8680405696