Info Technology Crypto: GLN (Gameloot Network) - Platform Technology Blokchain that became Superstore

Image result for bounty Game Loot Network

The Problem

In the early days of gaming, no one could have predicted the video-game industry’s
multi-billion dollar trajectory. Innovators evolved pixelated sidescrollers into digital odysseys through immersive lands. Design tools and development resources streamlined game-construction, and more games exist today than ever before,Visit https://gamelootnetwork.com/

Game Loot Network works like an app store, but we offer much more than just games. Blockchain technology allows the platform to be an entertainment superstore with resources for play,purchase,and design.

Gaming Gone Professional
Every game on the platform uses our token, LOOT. It’s a gaming currency with actual worth. No more hollow high-scores and empty achievements; your virtual triumphs have real-life value.

Build
Funds and resources for game developers.

Enabling Indie Artists
Like Kickstarter specifically for gaming, developers submit their game ideas to a catalog within the platform. Users then use LOOT to sponsor promising projects, giving designers a development budget. In exchange for their tokens, backers receive a revenue generating percentage of the upcoming title.

Generate Recurring Income
When user-sponsored games are finished they generate revenue for the developers and the backers. Independent artists reduce expenses, and players earn income from games they helped shape. You could own a percentage of the industry’s next global hit.

Play
User curated games and decentralized publishing.

Gaming Tournaments
Our regularly held tournaments award LOOT prize pools and in-demand electronics. The brow sweating competition typically reserved for professionals becomes accessible to all.

Earn
Recurring revenue for designers and players.

A Stabilized Internal Economy
Our gaming currency enables every reward resource on the platform. With LOOT, users can enter tournaments, sponsor indie games, purchase boosts and upgrades, bid on online auctions, earn extra income, and so much more. LOOT will thrive, nourished by extensive in-app utility, far-flung from the volatile crypto space.

Mission Statement

Game Loot Network will champion developers and gamers by creating a virtual platform that rewards players with real-value and facilitates ‘any-budget’ game design.

Our Philosophy

We want to give artists the resources to create the games they envision and reward the players who populate their virtual worlds. Game Loot Network will democratize the gaming experience, enabling developers to create and prosper regardless of gatekeepers or budget constraints. We want to give gamers a voice at the earliest stages of design so the games built are the ones people want to play.
https://gamelootnetwork.com/assets/documents/gameloot-whitepaper.pdf/more information.

Gaming Reimagined

Together with the native LOOT cryptocurrency, the platform solves the systemic issues within the gaming industry. Users enter the application, create a login, and load the Game Loot Network lobby.

The hub features three gateways :

1.Build
Through this portal developers and users access a crowdfunding catalog. Indie designers submit their game ideas to a list within this screen. Their proposal page might include screenshots, demos, or gameplay footage. Users offer LOOT tokens to sponsor auspicious projects.

2.Play
This doorway will host a decentralized app store and embedded games. Users can play within the platform or download curated titles. In a self-sustaining loop, ideas produced in the Build portal generate income for gamers and designers in the Play gateway.

3.Earn
The Earn gate offers an array of revenue generating tools. Through
this door, players can enter three subset doorways:

Competitive Tournaments - Tourney champions receive sleek electronics or LOOT token prize pools. Now any user can experience the thrill of high-stakes E-Sports.
Referral System An extensive - progression system allows members to create high-yield residual commissions for sharing the platform.
Battle Bidding - Online auctions pit players against the clock in competition for discounted gear.

Key Features

Embedded Games within the platform Downloadable Games Real-life rewards with cryptocurrency Incentivized crowdfunding for in-development games.

Rewards

User achievements

Income generating referral system Gaming tournaments with real-life prizes for non-professional players Competitive battle bidding for discounted gaming gear.

Token Sale Structure

The Token Sale will use a soft and hard cap, with an anti-dilution mechanism available to those that contribute under the soft cap. This means that an original Sales Target Cap (STC, or Soft Receipts Cap) will be set for the private and public sale. However, if the STC is met, Game Loot Network will allow an additional sale of tokens up until the Maximum Sales Target Cap (MST or Hard Receipts Cap) is reached. Purchasers that contributed under the STC shall then be provided LOOT bonuses pro rata to the level of their contribution under the STC (anti-dilution bonus). This is done to provide certainty to the early purchasers of LOOT as to their proportion of contribution. The STC is $50,000,020.00 and the MSTC is $75,000,030.00.

Distribution of Proceeds

55%

Most of the revenue from the token sale will be consumed in operational expenses,service support,and development.

20%

Game Loot Network allocates a portion to tax planning for new corporate structures, employment taxes from overseas personnel and the like.

15%

We expect the SAFT contribution monies to be used mostly in marketing,community building,training,development,and sales.

10%

A portion of the monies are kept to pay bonuses to the founders, advisors, service providers, and bounty service providers following the close of the Token Sale.These distributions are either going to be in USD, BTC or ETH. GLN may also offer an option to buy tokens following the LOOT Token Sale.

Conclusion

The LOOT token acts as the utile cryptocurrency of a vibrant ecosystem. Its use-cases undergird every aspect of the GLN economy. Gamers will purchase in-game upgrades, developers will fund passion projects, and crypto enthusiasts can hold a token with actual utility,join to Telegram Group https://t.me/gamelootnetwork_ico.

Roadmap