First we want to know what is ICO right ?
ICO is the abbreviation of Initial Coin Offering. It means that someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum. Since 2013 ICOs are often used to fund the development of new cryptocurrencies. The pre-created token can be easily sold and traded on all cryptocurrency exchanges if there is demand for them.
With the success of Ethereum ICO are more and more used to fund the development of a crypto project by releasing token which is somehow integrated into the project. With this turn, ICO has become a tool that could revolutionize not just currency but the whole financial system. ICO token could become the securities and shares of tomorrow.
And also what is ERC20 ?
the ERC-20 defines a common list of rules for all Ethereum tokens to follow, meaning that this particular token empowers developers of all types to accurately predict how new tokens will function within the larger Ethereum system. The impact that ERC-20 therefore has on developers is massive, as projects do not need to be redone each time a new token is released. Rather, they are designed to be compatible with new tokens, provided those tokens adhere to the rules. Developers of new tokens have by-and-large observed the ERC-20 rules, meaning that most of the tokens released through Ethereum initial coin offerings are ERC-20 compliant.
Virtual goods on a block chain
. Decentralized platform for the management, distribution and trade of virtual goods. Providing players and content creators with a new virtual ownership model.
The first easy-to-use Gaming Cryptocurrency
BTCC Coin - the first crypto currency with an authentic goal for online gamers. Earn and sell virtual goods on the most popular platform for creating an online gaming community.
SDK for the gaming industry.
The BTCC Coin platform is designed for the gaming industry. SDK for several languages, wallets and payment platforms will be available and fully open.
A new gaming experience with real power and value
Online gamers can bring or trade their assets from game to game, community to community, increasing their digital wallet with real value when they play.
A solution for fraud and high fees.
For every legitimate purchase of virtual items, 75% of items are lost for fraud. BTCC Tokens of Tokens will create trust and security with minimal commissions for transactions.
Testing
The BTCC has faced some problems, such as problems with payment fraud, high commissions and slow transactions, lack of true ownership and rarity, lack of open standards, expensive and time-consuming, lack of value, etc.
Expensive and time-consumption: the development of a platform for managing virtual goods requires a lot of time and costs. The complexity of managing a virtual economy on a patented infrastructure delays time to market. Security problems create a number of difficulties.
Lack of true ownership and rarity: virtual items are, in fact, licensed to a gamer and are often only available for use on their own platforms. From time to time they can be manipulated, lost or taken away with little regress for the user. There is no transparency.
Lack of value Gamification: functions based on characteristics are not enough in content management systems and forum software. Users do not receive rewards in the real world for participation or contribution.
Fraud with payments. It is estimated that for every legitimate virtual purchase there are 75% of virtual items lost for fraud, so assets stored and managed online can be opened for manipulation or refunds. Merchants have to deal with an additional burden, and scammers inflict damage on the reputation of the game.
Blocked and centralized: digital elements and currencies are usually blocked in one game, and they can not be transferred. Trading items outside the game environment are cumbersome and complex. If a player receives a ban, he can lose all his items and currency.
High rates and slow transactions. Publishers and game communities usually rely on third-party platforms to process virtual goods transactions. Gamers are faced with slowness, an opaque flow of funds and high commissions for the transaction.
There are no open standards: currently there are no generally accepted standards for decentralized currency and assets in games. User experience is often an afterthought, so users do not even know what to expect.
Solutions
BTCC will develop tools that enable game publishers, game servers and communities to manage virtual goods and game elements on multiple platforms. Monetization using BTCC Coin will be a key point with reliable functions and tools. Great advantages will be achieved through the use of a decentralized platform and supporting platforms.
Platform Features
Technical considerations
Today's gamers and users of web sites require fast and fast user interfaces.
The Ethereum network is currently limited by bandwidth, since it has an average lockout time of 17 seconds (possibly up to 30 seconds).
Future Ethereum updates are aimed at improving the number of blocks to 3 seconds18 (Casper) and allowing transfers in milliseconds19 (Raiden).
Both of these updates are planned for the end of 2017 to early 2018. Since the standard lock time may impose some delays, we will get a modern, responsive experience using notifications about an un-targeted chain.
Trusted platforms will send an instant notification to the user's smart wallet for each transaction request. When a transaction is accepted by the user and created on a block chain, the purse will call the trusted platform API with the transaction to be viewed. Then the game or website can be immediately updated with a placeholder object or a non-renewable version of the asset until sufficient evidence is obtained to allow full ownership of the item. In the case of currencies in the game, the user's balance will be immediately updated in the game, but any unconfirmed portions will be blocked from costs until the corresponding number of acknowledgments on the block chain is reached.
SDK BTCC Coin will display confirmed and unconfirmed balances when transferring BTCC and user assets to make the implementation easy and understandable. After the renovation of Raiden and Casper in the Ethereum network, these protective measures will eventually become invisible.
BTCC will test the Raiden network to receive lightning-fast asset verification rates as soon as releases of the developer and the minimally viable product (MVP) are completed at the end of this year.
Accepting coins in bitkoyn-crown
Coins for community owners
Six months after BTCC Coin Crowdsale and the deployment of the purse and the main functions of the BTCC, coins will be slowly released in approximately 30,000 verified gaming communities at the BTCC.
The number of coins received by each community will be calculated on the basis of their previous sales volume of the store, the number of participants, visits to the audience and various indicators of the website activity.
Boundy Adoption Program
Bounty will be implemented for any game, server or community that will start using the BTCC coin with a proven history of monetizing game content.
We expect a huge demand for BTCC coins, as we transfer our opportunities for integrating BTCC CMS into communities.
BTCC will work with game developers and popular game servers of 20,000 players or higher to distribute BTCC coins as part of packages, tournament prizes or subscription bonuses.
Tokens and smart contracts
We will analyze BTCC coins and virtual assets as ERC20 markers in the Ethereum network.
Ethereum is the most popular and widely supported block-block smart contract with a huge community of developers and reliable language support. We believe that he has a strong future in developing games and in creating a new decentralized Internet.
The set of intellectual contracts will provide the basic functionality of the block chain: mint, payment gateway contract, smart wallet contract, subscription contract, custom coin register and contracts with the top list.
BTCC Smart Wallet
The key component in creating everything is easy to use is the BTCC Wallet. Based on the existing design of a light purse, the BTCC wallet simplifies the user's work, integrating it with games and websites that the user trusts. The user accounts on each trusted platform will be synchronized with the Ethereum user address.
We call this an "intelligent" purse because of the many features that work together to simplify the user experience:
● The platform API is used to correlate trusted games and website accounts.
● Transaction requests are sent from trusted platforms directly to the wallet.
● Subscriptions are confirmed and managed by each local purse.
● Transaction limits and thresholds provided by the intellectual wallet contract.
● Smart Contracts are used in the background for data and are displayed in a clean user interface.
● Local rules can be configured to accept and automate transaction requests.
Distribution
Only 70 million BTCC tokens will be created. Among them, 20 million will be sent as bonus tokens. The BTCC tokens are intended for distribution as follows:
60% (30,000,000), which will be sold to BTCC by Crowdsale customers after deducting any bonuses applied during the Crowdsale period.
20% (10 000 000), reserved by the Company to stimulate the community, beta testers, marketing and strategic partners.
20% (10,000,000) to be distributed by the Company to the team and mint advisers of the BTCC.
Unsold Tokens & Team Vesting
● Any unsold tokens in Crowdsale will be burned.
● Command marks are blocked for the first 6 months and will be distributed within 24 months. Team members will be transferred 25% of their tokens after 6 months, and then 12.5% every 3 months thereafter. The list of commands can be updated during the 24-month transition period. ● Advisor icons are blocked for 2 months and distributed completely.
Crowdsale Beginning and end of the date
The crowd will begin at 5 am PDT on March 25, 2018 ("Launch Date") and end at 11:59 pm
PDT on April 30, 2018 or when it will be sold out.
For more information, visit the official website: www.bitcoincrowncoin.com.
• 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
• YouTube : https://www.youtube.com/channel/UCRmFW2y8jjp6pXn6kLSGPzQ
By Arsenyo
https://bitcointalk.org/index.php?action=profile;u=893090