Gamers See Profitability in Crypto-Exchanges
Gaming has, for the most part of its history, not been taken seriously enough as a source to bring any sort of income to gamers. However, California-based blockchain company HashCash Consultants is changing that perception with its gaming platform. The software development company is teaming up with video game creators to integrate existing gaming platforms with blockchain, enabling them to tokenize their business. The resulting cryptocurrency opens up opportunities for trade in utility tokens, which has become a popular and widely accepted way to earn revenue.
Current ways to earn money from gaming and its drawbacks:
To understand the appeal of trading cryptocurrency native to video games, one must comprehend the practicality and limitations of the present methods used by gamers to earn money. The following list can be taken into consideration:
1. Pro-level gaming – This is the most obvious route to making big money in this field. Professional gamers generally play video games for prize money or salaries. Such individuals usually deeply study the game to master it and usually to play in competitions.
Drawback – Unfortunately, to get to the point in this profession where you can be taken seriously is a difficult climb sometimes demanding 14+hours of practice a day. Neither does the journey end by making it to the professional team; you can always be eliminated in one of the early rounds of a tournament and leave with little to no winnings.
2. Live Streams – Streaming one’s gameplay has found a devoted group of online spectators, and if one’s channel accumulates enough followers earning through advertisements becomes a good option. Depending on the loyalty of the followers, a gamer may even earn through subscriptions and donations.
Drawback – Live streaming games gained quick popularity and as a result, game streaming is now extremely saturated. Also, drawing enough viewers is a massive challenge especially when the competition is this stiff, and can take months and years to build a strong base.
3. Guides – Guides to games are sought by new players, and are available in the form of articles in websites, videos on YouTube, and can be downloaded when it comes as ebooks. The first two options can be monetized by featuring ads, and sales of the third one can bring in revenue.
Drawbacks – Writing guides are fairly common, and it takes a lot of effort to set one’s style apart. The obvious route is to write about the more popular games, but it also makes it that much more difficult to stand out amid an already congested area. Unless one has exceptional writing skills and endless hours to devote to video games to gain expertise in gaming, creating guides to video games is a dead-end option.
Benefits of trading cryptocurrency
Trading cryptocurrency has presented an all-new dimension to monetizing video games. It has high liquidity, can be traded at any time of the day, and the transactions are extremely secure and transparent. Unlike trading in fiat currency, the cost of crypto trading is very low.
Gaming Exchange by HashCash Consultants
HashCash Consultants provides services to tokenize video games and also creates a white label cryptocurrency exchange for them that can be seamlessly integrated with the games existing platform. The value of the tokens is decided on the popularity, worth, and potential of the video game itself.
The exchange by the blockchain company contains features like Market, Limit, Stop Orders, and Margin for placing orders and increasing the volume of trade. It also sets up incentives and reward modules for gamers. The admin of the exchange can operate the platform with the admin console designed especially to manage gamers, developers and other stakeholders. The Admin Panel can be utilized for creating and managing trading pairs.
The best part about tokenizing video games is that a gamer can step out of the video game world with its native asset and trade it in any other cryptocurrency exchange, provided the exchange lists it. Investing in cryptocurrency is increasingly being resorted to to make money fast that too at low risk. This phenomenon is bound to be around for a long time.
About HashCash Consultants
HashCash Consultants started as a Blockchain Consulting Company in California. Today, HashCash products enable enterprises to move assets and settle payments across borders in real-time using HashCash Blockchain network, HC NET. Financial Institutions use HC NET for Retail Remittances, Corporate Payments, Trade Finance, and Payment Processing. HashCash also runs the US-based cryptocurrency exchange, PayBito and the leading Cryptocurrency payment processor, BillBitcoins. HashCash offers cryptocurrency exchange and payment processor white label solutions, comprehensive ICO services and customized use case design and development. HashCash propels advancement in the field of blockchain through the Blockchain1o1 program and its investment arm Satoshi Angels.