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Blockchain Game Featuring In-Game Sidechain and Delegated Proof of Stake Adopts ERC-1155

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CryptoFights
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Game studio Thoughts in Motion, Corp. has announced its end-to-end blockchain role-playing fighting game CryptoFights will adopt Enjin Coin’s platform to create in-game items using the next-generation ERC-1155 token standard. CryptoFights has broken new blockchain gaming barriers with the use of Delegated Proof of Stake, a democratic consensus system that yields high-performance gameplay and enables trustless, secure state changes for rounds. CryptoFights’ game client communicates with a decentralized sidechain backend and doesn’t depend on centralized servers for operation.

CryptoFights, an innovative 1vs1 role-playing fighting game by Thoughts in Motion, utilizes blockchain technology to manage in-game assets and gameplay. Featuring serverless gameplay, CryptoFights uses a sidechain to enable high-performance gaming while securing game assets on the Ethereum mainchain. It can be described as a turn-based Street Fighter, with interchangeable weapons and armor providing a real-time strategic advantage to players who outmatch their opponents.

The trustless gaming architecture of CryptoFights utilizes blockchain validation to prevent cheating and provide transparency. End-to-end integration of blockchain technology into its game mechanics and economics makes CryptoFights one of the most ambitious blockchain gaming projects in development.

CryptoFights will utilize the ERC-1155 Crypto Items Standard to mint in-game assets on the Ethereum blockchain. This groundbreaking new token standard has recently made headlines given its potential to replace ERC-20 and ERC-721. Created by cryptocurrency project Enjin Coin (ENJ), ERC-1155 offers the flexibility to create fungible, non-fungible, and semi-fungible tokens. It also enables developers to place the majority of their code into one core contract and use identifiers to prompt an infinite number of tokens to draw from that single set of source code. This monolithic approach to code distribution will not only serve to drastically cut down the vast sums of redundant code copy-pasted into every token; it will also reduce gas costs by up to 90% when deploying the hundreds of tokens used by most games.

CryptoFights will also use Enjin Coin to back the value of their items, meaning in-game items, represented by ERC-1155 tokens, will contain an amount of ENJ that users can later retrieve by “melting” their items. Users can also buy, sell, and trade their ERC-1155 tokens through third-party platforms, while CryptoFights is able to monetize these external peer-to-peer marketplaces with transaction fees automatically obtained and allocated using Enjin Coin’s smart contracts.

Using ERC-1155, CryptoFights can also save on gas fees by bundling transactions. For example, on June 24, Enjin Coin’s developers became the first team to conduct an on-chain transaction with more than one class of token. In a single transaction containing 102 different token types, Enjin Coin developers sent 10,000 ENJ-branded ERC-1155 tokens (to simulate cryptocurrency), 500 “Gold Coins” (to simulate in-game currency), and 100 one-of-a-kind items (to simulate unique in-game items). The total gas cost for this complex transaction was just $2.42.

Join the CryptoFights community: https://discordapp.com/invite/EJrMsHW

Contact:

Adam Kling

Founder

info@cryptofights.io

https://cryptofights.io

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore
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Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic
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CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited…

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Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page

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Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.

Performance

The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone,…

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