DMarket is gaining lots of popularity in a global marketplace that helps to turn your virtual item to real life commodities. It combines blockchain technologies and its and ecosystem software where developers, gamers, and entrepreneurs can securely and more efficiently trade their virtual items making it easy to build a new economic cluster that joins the existing markets.
How DMarket works
The game universe is not safe to operate since they are not connected to each other, but Dmarket which is a global based smart contract and blockchain enables one-click sale exchange and evaluation of all virtual items of any game on any platform. The blockchain gives a 100% safety and security. Smart contracts act as the main bridge to connect the blockchain and game worlds globally without having to involve a third party. It gives the power to transfer of your payments and change of ownership automatically. DMarket has come up with tokens to be used as currencies in their platform marketplace.
According to DMarket, they have come up with a decentralized database for its blockchain, and they are using the API software. The software is adapted on every game developer to make it easy to connect to the DMarket in a secured fast and immediate Synchronized. It gives the user a one-click sale and more natural exchange of virtual items in any platform and between all games. This makes it easy to turn the virtual items to a commodity that are real and worthy billions to be used by gamers all over the world.
DMarket tokens are known as DMarket coins, and they are the only currencies used in this platform. For every sale, purchased and exchange or transaction taking place in DMarket platform it will require usage of DMarket coins. The currency is usable in all corners of the world, and it’s the only means of exchange for buying or selling all the game items. It is the only currency to be used for the sales commission to the owners who have digital property. Additionally, DMarket Coins will act as power for purchased Big Data analytics and buying of premium accounts from individual sellers.
Token Sale Phase #1: 35 948 175 DMarket tokens issued
Start date: 17th of August 2017 (12:00 PM NYC Time, UTC – 4)
End date: 21th of August 2017 (12:00 PM NYC Time, UTC – 4)
DMarket Token Sale cap (Phase #1): 50,000,000 DMarket tokens
Currency accepted: ETH, BTC
Minimal goal to start: 5,000,000 DMarket tokens
Token exchange rate: 1 ETH = 1,000 DMarket tokens
Amount of tokens per one person: unlimited
Minimum transaction amount: 0.1 ETH
Minimum transaction amount in Bitcoin: 100 DMarket tokens (The transaction rate is dependant on BTC rate fluctuations)
Maximum transaction amount: unlimited
Day 1: +10% bonus
Day 2: +5% bonus
Day 3: +3% bonus
Day 4: no bonuses
Token Sale Phase #2
Start date: 3rd of November 2017 (12:00 PM NYC Time, UTC – 4)
End date: 17th of November 2017 (12:00 PM NYC Time, UTC – 4)
DMarket Token Sale cap (Phase #2): hard cap
Currency accepted: ETH, BTC, ETC, LTC, BCC
Token exchange rate: 1 ETH = 750 DMarket tokens
Issuance of DMarket Tokes
The tokens will open market to investors and for a limited period. After their second phase of token sales they will only hold one additional issue and after that DMarket tokens will not be published.
The DMarket Company has partnered with different companies like Tatem who helps in developing versatile games for the mobile market, and Pantera capital is a U.S Bitcoins firm that leads in blockchain investment. 4A games are another partner that is known in development of video games, and GSC Gameworld is the leading developers of Cossacks game series in Europe.
The team that holds market together is unique and rich in knowledge to move the company to a high level of success. Starting with Founder and Ceo Volodymyr Panchenko and his team they are experts in digital goods and blockchain developments.
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DMarket is a unique platform that has taken the market by storm and made gaming more fun and enjoyable.