ETERNALCOIN - ICO & Cryptocurrency platform built for gamers

samuraijin July 11, 2019

Hello, meet again with me Samuraijin, I will write an article about the crypto project called Eternalcoin. For more details, I will discuss it below

What is Eternalcoin ?

Eternalcoin (EIS) is the ERC20 based token to be used in connection with the Eternal Inc Network. EIS serves for both trading cards as well as participating in tournaments. With the introduction of EIS on the existing Eternal Wars platform, we intend to oer virtual goods on the Blockchain, mitigate fraud and high fees as well as create an innovative gaming experience with real value.

With EIS, we will have access to the following:

  • Enhanced engagement with a signicant amount of users
  • Engage in enhanced secure transaction with EIS because of Blockchain technology
  • Increase in returns on per user basis due to in-game purchases

Gamers can do the following with EIS:

  • Engage in tournaments
  • Engage in enhanced secure transaction with EIS because of Blockchain technology
  • Pay for digital products and services
  • Pay for games, in-game items, and trade with hard-to-get, rare and collectible items

BENEFITS OF ETERNAL INC NETWORK TO THE GAMING INDUSTRY

The gaming industry is worldwide and huge. It is a very wide platform where billions of gamers and millions of developers interacting. Yet, there appear to be some aws in the traditional system, which has made this interaction to be inecient. There is a need for players to own their assets as well as collaborate and communicate. Game developers even tend to face the challenge of high fees from marketplaces and high costs of acquiring users.

Platform features


  • MINT CARDS
  • USE CARDS
  • TRADE CARDS

Market Problem

The Problem of License
Gamers do not own the cards, only the license to use them. Virtual items are basically just licensed to the gamers, and these items are often only available for use on the proprietary platforms. In fact, they can even be manipulated, lost, or reverted with little recourse for the users.

The Problem of Fraud
Authenticity of cards isn’t known. Based on estimations, for each legitimate virtual purchase made, about 7.5% virtual items are lost to fraud , . It is a common knowledge that assets stored and managed online are often exposed to manipulation or chargebacks. This means that merchants have to deal with extra burdens, and scammers damage the game’s reputation.

The Problem of Liquidity
Cards can’t be easily sold or traded with little or no recourse for the users. The Problem of Constant Spending, High Cost and Slow Transaction Spend to keep up with new expansions. Developing a platform for managing virtual goods is often time-consuming and costly. Developers pay 30% to platforms. Game publishers and communities depend on third-party platforms for the processing of virtual goods transactions. Gamers often experience opaque fund ow, slowness, and high transaction fees7.

Eternal Inc Solutions

Ownership
We are oering the gamers an opportunity to own their assets on the Blockchain. This means that players can earn and own cards by holding EIS.

Immutability
The nature of Blockchain makes records to be easily identiable without any form of manipulation.

Card Exchange
We are creating a user-friendly market; where users with EIS can buy and sell cards

Decentralized
As a Blockchain-based system, centralization will be eradicated.

Token Sale

  • Start: TBC
  • End: TBC
  • Accepted currencies: ETH, BTC, LTC
  • Exchange rate of tokens: 1 ETH = 6000 EIS
  • Number of tokens for sale: 325,000,000 EIS (65%)
  • Min. transaction amount: 1 ETH/ 1 BTC/ 1 LTC
  • Max. transaction amount: N/A
  • Max. amount collected: 36,500 ETH
Distribution of released tokens


Use of funds


Roadmap


July, 2013
Initial idea of Eternal Wars discovered.

August, 2015
In-house development team created. Initial funds raised via founders’ personal savings, friends and family

March, 2017
Official Launch of Eternal Wars game on IOS and Android devices

Q3, 2019
Begin development of the EIS economy into Eternal Wars List on exchanges

Q1, 2020
Work on syncing data from game server to web wallet Begin work on World of Iselia

Q3, 2020
Alpha release of World of Iselia - Create SDK on unity for wallet

Q1, 2021
Global launch of World of Iselia Development of Eternalcoin wallet Implement Eternalcoin into World of Iselia

Q3, 2022
Launch esports for second game, and start development on the 3rd game based on EIS.

Project Team & Advisors
  • Safiul Syed: Founder and CEO
  • Rizwan Khan: Senior programmer
  • Najrul Siddique: Graphic designer
  • Abiking S. Lirio: CMO
  • Mitchell Brits: Developer
  • Papa Mabotja: Blockchain Developer
  • Christy Chambers: Head of communications
  • Kevern Pretorius: Project manager
  • Sin Eow Sing: CTO



If you want to know more about the Eternalcoin project you can visit the link below, Enough for my writing this time which only discusses some important points of this project, for more information please visit the link below



Author: samuraijin
ETH Address: 0x3f9bb3679f1B71F22d823992078244C87EF4D455
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