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War of Crypto Unveils an In-Game Cryptocurrency That Contains $600 USD Worth of Another Cryptocurrency

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War of Crypto (WoC) a blockchain-based PvP multiplayer game for PC, Android, and iOS has just announced via Twitter that their most valuable in-game ERC-1155 token will be a character named Daagon that comes with a “Golden Potato Skin”. There will only be 10 copies of this hero, they will all contain 10,000 in Enjin Coin (ENJ) each, and they will be one of 11 rare Heroes available during WoC’s pre-sale. These heroes will be the first ERC-1155 tokens to ever go on sale, and some of the first cryptocurrencies to be backed by another cryptocurrency, Enjin Coin. War of Crypto’s pre-sale of characters will begin on the 28thof July and will offer a range of heroes and skins that will only be attainable through peer-to-peer markets, once the pre-sale has completed.

“To certify the value of our pre-sale items, we’ve decided to back them with 300,000 Enjin Coin, valued at $30,000 at time of creation. This is the first time anyone has ever used cryptocurrency in this way,” said Lucille Games CEO Daniel Matias.

“Only 1,500 pre-sale heroes with special skins will be created, and they will not be reproduced after they’ve sold out. Considering that an ecosystem of potentially more than 100,000 users post-Beta will generally hold millions of heroes, these pre-sale items will be insanely rare and valuable to our player base.”

As a cryptocurrency, Enjin Coin is comparable to a digital gold standard for blockchain items. Any business that uses Enjin’s development kits places an amount of ENJ inside each item, primarily to certify that the item was created using Enjin’s development toolkit and therefore plugs into the Enjin Coin ecosystem. This ensures that items are supported by the necessary ERC-1155 compatible smart contracts, wallet apps, blockchain explorers, APIs, and scaling solutions. As a secondary utility, ENJ enables projects to offer investors a guaranteed cryptocurrency value stored within their items.

During the pre-sale, the War of Crypto team will be accepting ENJ, Ethereum (ETH), and Fiat for purchases. During War of Crypto’s pre-sale, investors can purchase crystals that will go up in price as the pre-sale continues. Once obtained these crystals will transform into random unique heroes with exclusive skins. War of Crypto is using ENJ to certify the value of these items, however, they could be sold for a lot more on the open market. These skins are extremely rare, once the pre-sale completes they will never be created again and will only be available in peer-to-peer markets. That means pre-sale investors will completely control the market for these items.

Although the game is in the early development stage, its gameplay can be described as a mix between Clash of Clans, Hearthstone, and Pokémon. War of Crypto heroes will be stored on the blockchain, giving players full sovereignty over their in-game assets. This means WoC’s characters will be more decentralized, transparent, immutable, and secure than characters in other games. A detailed history of each hero will remain permanently on the blockchain, allowing game characters to maintain interesting user-defined backstories. This is expected to become a gameplay feature in and of itself.

War of Crypto will utilize the Enjin Coin ecosystem to integrate their items into the blockchain. Enjin Coin, inventors of the ground-breaking ERC-1155 token standard which enables game developers to create tokens more feature-rich than Bitcoin, Ethereum, or even Enjin Coin itself, is now releasing their next-generation smart contracts to Mainnet. This will enable innovations such as cryptocurrency-backed items, detailed metadata, commissionable trading markets, and compounding items, all of which will be managed and authenticated by the Ethereum blockchain.

For more information visit http://www.warofcrypto.com.au

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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The Pros and Cons of an Ethereum Casino

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Keeping an eye on the price isn’t the only way to see your Ethereum wealth grow. With Ethereum betting, those who enjoy the online casino can experience even more cryptocurrency excitement. Here are the pros and cons of doing exactly that.

Pro: Faster Than Bitcoin

What’s better than winning a bet? Getting the money instantly. And while BTC transactions are still far and away faster than centralized currencies, ETH puts it to shame. As in twelve seconds per transaction versus ten minutes per Bitcoin transaction. That’s not even close!

Pro: Unrivalled Privacy

Ethereum’s privacy level is downright exceptional. For players who don’t like their online gaming on display for unwanted eyes, cryptocurrency, in general, solves that issue, and Ethereum more so than the rest. While most legitimate online casinos require basic information for their security and the safety of their players, the amounts you win from Ethereum gambling can’t be scrutinized.

Con: Inconsistent Transaction Fees

One of the biggest benefits of cryptocurrency gambling is the lack of extra costs. And with currency exchanges and banking fees, centralized currency can take a big chunk of your winnings. That’s why Bitcoin is such a popular choice for online casino players – with a fixed fee, you won’t be hit with something substantial because you received a huge payout. But such is not the case with Ethereum betting, where the more you’re…

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Buttrfly Pioneers Influencer Marketing on the EOS Blockchain at Art Basel 2018

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Buttrfly achieved a major milestone at Art Basel Miami 2018 by inaugurating a live test of its decentralized application (DApp). It is believed that this is the first ever influencer marketing campaign to utilize the EOS Blockchain. Buttrfly’s proprietary platform utilizes smart contracts to automate the contracting, verification, and payment settlement processes for influencer marketing.

The Fly App created an Instagram campaign that was broadcasted by Michael Terpin, a blockchain industry thought leader, and influencer Naeem Al-Obiadi, CEO of Traders Profit Club. Buttrfly enabled the creation, verification, and automatic settlement of the campaign, and concluded with payment in EOS tokens to both Mr. Terpin and Mr. Al-Obiadi.  The campaign was designed to promote the Fly App party at the world famous Nikki Beach Club in Miami on Saturday, December 8, 2018. Buttrfly used the EOS Testnet for the campaign, details of which can be seen here.

Jim Sellers, Co-Founder/CEO of Buttrfly stated, “I am excited to introduce Buttrfly’s proprietary platform on the world stage, and believe that Art Basel was the perfect venue to unveil the future of Influencer Marketing as it is at the nexus of Influence, Art, and Technology.”

Nathan Chandra, Co-Founder/CSO went on to add “To successfully pay an influencer in real time in EOS to post on their Instagram profile is a huge accomplishment for both Buttrfly and the Influencer Marketing Industry.”

“The…

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FOTON Bank Is Launching An All-in-One Crypto Banking Service to Process up to 500 Transactions per Second

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The decentralized FOTON project is launching its next-generation crypto-bank ecosystem to stimulate and facilitate the use of cryptocurrency payments worldwide, as stated in the official press release published by the company.

The statement issued by the FOTON project on December 3, referred to the launch of a decentralized crypto-bank designed for multi-currency transactions featuring a built-in fiat and cryptocurrency exchange system and instant contactless payments for goods and services worldwide. The system is intended to become a stable and flexible ecosystem that will enhance scalability for services related to financial assets, exchange solutions, cards, accounting, and business/customer services.

The technology being employed in the design of the ecosystem was specifically created to tackle some of the most critical issues facing the modern banking system, as well as the widespread adoption and application of cryptocurrencies in routine business transactions. The issues the FOTON project’s ecosystem seeks to solve include overregulation, bureaucracy, centralization, system faults, volatility, legal constraints and complications related to practical use.

We are creating the ecosystem that will prove to be the impetus and basis the crypto market needs to make the effective transition to becoming the next global banking system,” as stated by Andrey Pashkevich, CEO and Co-founder of FOTON.

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