Parsec Frontiers is a massively multi-player online (MMO) game build on a complex virtual economy where assets are tradable and secured by decentralization.
Parsec Frontiers provides an open economy which is controlled by players who form part of its ecosystem. It hosts a virtual economy which stores all the transactions of the games hosted on the Parsec Frontiers platform over a decentralized ledger.
By deploying blockchain technology, Parsec Frontiers advances virtual economies to a completely new level by providing 'transparency' and 'complete ownership' in the virtual economy.
PARSEC FRONTIERS' SOLUTIONS
Parsec Frontiers aims to provide solutions for the problems currently faced by the MMO (gaming) setups.
Some of the problems are: -
P1. The financial rules of the games are changed at any time, which is to the disadvantage of the players
P2. Difficulty in analyzing online economies due to no access or slow access to data
P3. Difficulty in withdrawing value or amount from player's account
P4. Loss of sense of ownership (by players) as games moved from physical to digital
P5. Misalignment of interest between gaming companies and players
Parsec Frontier' Solutions: -
S1. The financial rules of the games is stored on blockchain. The open voting system allows creation of new assets while balancing the virtual economy
S2. Blockchain economies are decentralized and provide an open economy. They provide faster analytics by enabling 'Low Time to Finality' feature
S3. In-game cryptocurrency feature helps to easily transfer money in while making it simple to realize gains made from playing
S4. Ownership is trustless when backed by the games' customized solutions built on blockchain technology
S5. The token model aligns interests of all the stakeholders participating in the ecosystem
PARSEC FRONTIERS ECOSYSTEM
The primary elements of the Parsec Frontiers ecosystem are: -
A. Game Credit - The games on the Parsec Frontiers platform will be created in Unity. Unity is a cross platform gaming engine that supports more than 25 platforms, and has become the de-facto platform of choice for the world’s game developers.
B. Game Server - Artplant has many years of experience creating and maintaining MMO servers handling millions of players. The existing, battle tested server technology is written in Erlang and will be adapted for use with Parsec Frontiers and integrated with the virtual economy blockchain for the in-game assets.
PARSEC FRONTIERS BUSINESS MODEL
Some of the prominent revenue streams forming part of Parsec Frontiers project' business model is as follows: -
- Financing through crowd sale
- Incorporating 'Deflationary' mechanism
- Enabling 3rd party development projects
For more details, please refer section # 3 of the project's whitepaper.
PARSEC CREDITS (PRSC)
The PARSEC CREDITS (PRSC) are the utility tokens used on the Parsec Frontiers platform. The Parsec Frontiers ecosystem will be hosted on the Ethereum Blockchain Network and the PRSC tokens will be ERC-20 compatible tokens.
Apart from using on the Parsec Frontiers platform, the PRSC tokens can be traded on external cryptocurrency exchanges.
One ERC-20 compatible PRSC token can be converted into one customized chain PRSC token. The exchange between ERC-20 and the customized chain PRSC tokens is enabled by smart contracts which control the exchange back and forth.
The token prices of PRSC token is fixed at 1 ETH = 1,300,000 PRSC
ROADMAP
CONCLUSION
Thus, the Parsec Frontiers is one of the most promising projects aiming to revolutionize the gaming industry by solving many of the challenges currently faced by the gaming industry. By deploying blockchain technology and following a decentralized approach, the Parsec Frontiers strives to make the gaming industry more fair and transparent and giving a sense of ownership to the players.
The Parsec Frontiers project has received high ratings from reputed ICO tracking websites.
ICO Review Links: -
- https://icobench.com/ico/parsec-frontiers
- https://www.trackico.io/ico/parsec-frontiers [Rating 4.4 / 5]
- https://icomarks.com/ico/parsec-frontiers [Rating 8.8 / 10]
For more information on the Parsec Frontiers project, please refer the following links: -
*Website - https://parsecfrontiers.com/
*Whitepaper - https://wp.parsecfrontiers.com/whitepaper.pdf?_ga=2.212806868.1582191977.1527509197-1999201028.1527509197
*Onepager - https://wp.parsecfrontiers.com/whitepaper.pdf?_ga=2.212806868.1582191977.1527509197-1999201028.1527509197
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*Bitcoin Talk ANN Thread - https://bitcointalk.org/index.php?topic=3139275.0
Published by 'Sameer S'
Telegram ID - @Sameer_R
BTalk Profile URL: - https://bitcointalk.org/index.php?action=profile;u=1978491
Disclaimer: - Kindly conduct your due diligence before making your decision on this project from the investment and legal perspective.