Game Loot Network's Online distribution platform works like an app store,but with way more features And Cryptocurrency.Combined with blokchain technology ,Game Loot Network native cryptocoin,the Loot Token,allows the platform to be a revolutionary one stop shop for all of Gaming.
Game Loot Network’s vision
GLN offers a working product, playable games on their platform, and has undergone extensive beta-testing. Now with the introduction of cryptocurrency, LOOT positions to disrupt and forever alter the gaming industry.
Mission
our goal is to create a unique gaming ecosystem,where both developers and players could enjoy numerous benefits and support each other in a way that has not been seen until now.
Mission Statement
As a utility-token, LOOT will have multi-functionality specific to the world.
Gaming Reimagined
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. In exchange for their cryptocoins, backers receive a revenue generating percentage of the upcoming game.
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.
LOOT Store — Purchase premium membership, credits, bids, etc.
Token Storage and Risks
LOOT may be stored in a wallet or vault, which can only be accessed with a password selected by the purchaser. The wallet will hold a private key required to control the stored LOOT. The loss of the private key associated with this digital wallet or vault storing LOOT, will result in the loss of LOOT. Users are advised to store their password in one or more backup locations.
Any third party that gains access to the purchaser’s private key may be able to gain access to their LOOT. Users must take care not to respond to any inquiry regarding a purchase of LOOT.
The purchase of LOOT should only be undertaken by individuals or entities that have
significant experience with the usage and intricacies of cryptographic tokens, like Bitcoin (BTC) and Ether (ETH). Purchaser should have functional understanding of storage and transmission mechanisms associated with other cryptographic tokens. While Game Loot Network may be available to assist in the purchase of LOOT during and after the sale, in no way is GLN offering advice and will not be responsible for lost BTC, ETH, LOOT or fiat resulting from actions taken by, or omitted by the Purchaser.
Distribution of Proceeds
20% - Game Loot Networkallocates 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.
Distribution Token
- Token name LOOT
- Holding company GLN Holdings, INC. (WY, USA)
- SAFT Entity Loot Cove Co., LLC. (WY, USA)
- Public token sale entity Loot Cove Co. LTD (Mauritius)
- LOOT price USD $0.35 [or equivalent in ether]
- Sales target CAP (STC) US$ 50,000,000.00
- Maximum sales target (MST) US$ 75,000,000.00
- Total LOOT supply 600,000,000 LOOT
- Token supply model Fixed CAP, non-inflationary
- Public sale duration opens May 29, 2018
- Public sale duration 230 days
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,visit https://gamelootnetwork.com/assets/documents/gameloot-whitepaper.pdf
The STC is $50,000,020.00 and the MSTC is $75,000,030.00.
- July 6, 2018 300, 000 LOOT US$ 105k
- August 6, 2018 600, 000 LOOT US$ 210k US$ 315k
- September 6, 2018 1, 200, 000 LOOT US$ 420k US$ 735MM
- November 6, 2018 2, 400, 000 LOOT US$ 840k US$ 1.575MM
- December 6, 2018 4, 800, 000 LOOT US$ 1.68MM US$ 3.255MM
- January 6, 2019 19, 200, 000 LOOT US$ 3.36MM US$ 6.615MM
- February 6, 2019 38, 400, 000 LOOT US$ 6.72MM US$ 13.355MM
- March 6, 2019 Balance of LOOT US$ 13.44MM US$ 26.775MM
Roadmap
Conclusion
Loot Token has a role as Cryptocurrency Utilitarian of Live Ecosystem. Gamers will increase their in-game purchases while developers will mark excellent Projects and Crypto fans will be able to hold tokens with actual utilities.
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,Join to
the Telegram Group https://t.me/gamelootnetwork_ico
Founders
For more information and updates, and development, nothing of interest from team composition, support and technology, interested parties are invited to join the whitelist with the appropriate list contained on its website https://gamelootnetwork.com/
Details Information :
Official Website : https://gamelootnetwork.com/
ANN Thread : https://bitcointalk.org/index.php?topic=3180001.0
Join to Telegram : https://t.me/gamelootnetwork_ico
Twitter : https://twitter.com/gamelootnetwork
Username : araalfaris
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1116890
Eth address Wallet : 0xD21b7600ff11bEfB00dff92252a16A2f2fdBF71a
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