Aerosteon World™
Game Digital Cryptocurrency provides decentralized market participants with the ability, to directly engage in personal and game transactions.
Is Cryptocurrency the Future of Online Gaming?
Cryptocurrency has become a global phenomenon in recent years. Various industries are benefiting from the convenience of cryptocurrency, and one of those industries is online gaming.
As per a report by the Wax, around 75% of online game players want to exchange their virtual assets for a currency that they could use to buy and sell on other platforms.
Cryptocurrencies enable players to collect and trade in virtual assets, which they can exchange and trade across anywhere in the world. Hence, it offers the gaming industry a safe and easy medium to make crypto money.
What is Cryptocurrency?
A cryptocurrency is a virtual asset secured by cryptography. It leverages blockchain technology to ensure decentralization, transparency, and immutability.
Cryptocurrencies are immune to government interference and manipulation as generally, no central authority issues cryptocurrency. The most popular blockchain-based cryptocurrency is Bitcoin. Other competing cryptocurrencies are Litecoin, Peercoin, and Namecoin, as well as Ethereum, Cardano, and EOS.
How Does Cryptocurrency Work in Online Gaming?
One can buy or sell cryptocurrencies via exchanges from wallets. For example, when a user wants to send cryptocurrency units to another user, he/she sends it to the digital wallet of that user.
In online gaming, monetization strategies adopted are in the form of in-app purchases, in-app advertising, and affiliate or referral marketing.
In-app purchases allow players to buy something directly in the game, such as coins, extra lives, and custom characters. In online bitcoin games, players buy items using crypto or buying crypto itself.
In-app advertising in online games is present in the form of rewarded ads, in which players have to complete specific tasks, watch video ads, and fill surveys to earn cryptocurrencies.
Affiliate marketing is new to the market, in which players have to click affiliate links and banners to refer a friend, earn rewards, sign up for a free offer.
Nowadays, there are online Bitcoin casinos that have adopted payments in cryptocurrencies, where players can play or trade in digital assets.
We believe the largest obstacle to the mass adoption of cryptocurrencies is price volatility. Cryptocurrencies, unlike fiat currencies, do not have a central bank to implement monetary policy focused on stabilizing purchasing power. Thus, changes in demand induce massive price fluctuations. The decentralized model to price discovery has made the majority of existing cryptocurrencies nothing more than stocks or commodities, valued on psychology, traded on unregulated stock markets, and susceptible to manipulation. The lack of price stability has prevented credit and debt markets from forming because volatility incurs a premium. While the rest of the industry focuses on transaction throughput and smart contracts, we focus on solving price stability to realize the economic capabilities that the blockchain enables. In this paper, we introduce $AEROS, a cryptocurrency with low-volatility, and predictable returns.
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