MMOCoin is the newest addition to the growing synergy between cryptocurrency and online gamers. The Coin is an update to the already existing community of Gamers formed by the MMOPro project. The main aim of the synergy is to ensure innovation in the gaming sector. With the borderless technology of blockchain and pre-existing platform of MMOPro, online gamers can finally get a fast and user-friendly way to share their resources.
To shed some light, the MMOPro project is as old as Bitcoin itself. It is a forum with over 10 years of experience and 290,000+ users. MMOPro was originally built as a platform for connecting gamers all over the world. One the years, Gamers have come to associate MMO with a sense of oneness and community.
Today, with the latest innovation in MMOCoin, there has suddenly been a lot of confusion. What puzzles a lot of users is why does it have a “coin” now? What is the use of the MMOCoin and why are the Gamers being targeted into using crypto?
To answer those questions, let us look at MMOPro and the target market of the coin.
MMOPro – The Gamer’s Community
MMOPro is an established and trusted entity in the gaming domain. MMOPro has managed to grow leaps and bounds since 2008. In the years that followed, the team behind MMOPro has pulled in a huge gaming community, crossing 290k recently. They formed a platform that connects gamers, manages discussions and also facilitate the trade of games, recourse, collectible and other types of gaming related items throughout their marketplace. It has steadily come up to be a reliable name in the gaming sphere.
In 2018, the MMO team formulated an ambitious plan to push the community even further.
It was quite evident that even in 2018, the gaming community faced a lot of friction. Gaming was still seen as a hobby rather than a full-grown profession. Even though the profits of the Gaming Industry are more than all other entertainment industries combined, there still wasn’t much innovation going on. Realizing the huge market gap that existed, MMO decided to jump in.
The Need for MMO Coin
The MMOCoin was launched in 2018 to connect the needs of the Gamer with the security and trust of the blockchain. MMOCoin is unlike any other cryptocurrency coin. The coin uses a blockchain, which is borderless and trust-less, to connect gamers all around the world into a single platform. It allows them to use the coin to exchange resources related to gaming from anyone around the world, at any time without any restrictions.
The MMOCoin was written in the Scrypt Algorithm and created on a Proof-of-Work (Pow) and Proof-of-Stake (PoS) hybrid blockchain. It uses a new incentive model called Tiered Staking to distribute rewards. Along with the other features, the MMO platform can also be used to exchange services through the MMO Decentralized Marketplace. With the MMOCoins they earn, gamers can finally convert their gaming efforts into actual monetary value.
MMOCoin finally allows gamers will be able to buy, sell, and trade almost anything they need for their gaming experience. With a single currency dedicated to gamers, users will be able to quickly and securely acquire exactly what they need for their next mission or quest. MMOCoin holders can connect, exchange, make money and monetize in their gaming activities. There has never been any platform before MMOCoin that put the needs of the Gamers at the center.
Gamers can use the MMO platform for the following features and incentives:
MMOCoin embeds a unique feature called Tiered Staking. In Tiered PoS the levels of Stake are divided with the percentage of the coins in the stagers’ wallet. Other than gaming, users can earn extra income through the simple staking mechanism. All one needs to do is connect their wallet to the staking platform. Staking is a smart feature for MMO, as it increases security as well as encourages users to hold the MMOCoin. The procedure for dividing the reward is listed as follows:
- Holding 1-999 MMO = 1% stake reward
- Holding 1000-9999 MMO = 2% stake reward
- Holding 10000-49999 MMO = 5% stake reward
- Holding 50000-99999 MMO = 7% stake reward
- Holding 100000+ MMO = 10% stake reward
Decentralized Gaming Marketplace
A Decentralized marketplace is where two people can exchange their goods or services without an intermediary to hold their goods or chip profit. The MMO Decentralized marketplace does just that. As Gamers around the world connect through a single platform, the possibilities for innovation in gaming becomes endless. One can look for any quest or weapon or virtual coins needed in their game and can even sell the extra resources they have.
The MMO Wallet
To store the MMOCoin that the Gamers earn, MMO introduced the MMO Wallet. The Wallet is a highly secure offline-storage place. By using the wallet and connecting it to the decentralized market, users can seamlessly and securely make transactions for buying or selling and even receiving funds they earn. The wallet has a simple and easy navigate infrastructure that helps all types of Gamers.
Staking pools provide more predictable and frequent staking rewards. Other than that, they allow stakeholders to make a passive income without having to worry about the technical implementation and maintenance of setting up and running a validating node. MMOCoin is fully supported and listed by 3 popular staking pools.
According to the estimates made by HackerNoon, Gaming will be the key-driver of adoption for the cryptocurrency and blockchain sector. With the synergy of crypto and gaming, Gamers are exposed to a whole new world of possibilities. Gamers could be earning virtual currencies that are actually tradeable crypto-assets, with an immediate real-world value. They can finally connect their virtual achievements with real money.
With MMOCoin, all the hype becomes a reality. A coin that represents virtual achievements and that can later be converted into real money, the MMOCoin is set to revolutionize the Gaming Industry. Already thousands of hardcore gamers have jumped ship to experiment with the technology. And so more people follow, the possibilities for Gamers to innovate become endless.