The video-games industry is booming. The industry generated over US$100 billion in revenue in 2016, with experts predicting a growth of 30% over the next 5 years, showing tremendous potential in this sector. However, the structural problems currently present in the video-games industry impose limits to the video-games community over the course of this growth. One pertinent issue is the presence of an imperfect economy within the video-games industry -a market that is currently controlled by oligopolistic large corporate actors. Another issue is the presence of imperfect information between these actors, which inevitably prevent the most socially beneficial outcomes from taking place within the sector. The lack of access to funding for new Promising Game Studios also poses a significant problem to this industry as well.
Enter Nitro; an independent, blockchain-based online collaboration platform, which seeks to allow participationin the video-games economy, to connectvarious stakeholders, and to achieve growthfor the overall Nitro network.Using a new blockchain crypto-currency called NOX, this economic platform will bridge the problems currently plaguing the various actors in the video-games industry, and through the process, bring about massive benefits to the global video-games community. Most importantly, we seek to democratise the economy of the videogames industry, creating a holistic community by bringing all the stakeholders onto an integratedplatform. By participating in this platform, Promising Game Studios will be able to gain access to early-stage funding options. At the same time, these studios will be able to connect with gamers earlier on in the cycle. This will greatly improve the quality and variety of games produced. On the side of the gamers, they will be able to use the token as a form of exchange to receive in-game items. Gamers may also be eligible for rewards (at the sole discretion of Nitro), distributed from Nitro’s Vault from time to time, as a form of reward for their participation in growing the network.This is among the first in the world, with NOX being the pioneering blockchain-based cryptocurrency token to be backed by a publicly listed company, iCandy Interactive Limited (ASX: ICI).We believe that Nitro will disrupt the playing field, acting as a means to connect and grow the video-games industry in a manner that is equitable for all parties.
Nitro consists of 2 key components, the Nitro Marketplace and 2 tokens that holders can use for different purposes; NOX (Nitro Token), a club card with privileges attached and NOD (Nitro Dollar), a USD-pegged sub-token to be used as a form of ingame currency.
With NOX, holders can:
1.Participate in the economy by voting on games to be funded,
2.Receive a discount when purchasing NOD, to be used as a form of in-game currency,
3.Receive bonuses for activities taken in the network.
Nitro will fund games voted in by NOX holders on the platform. Promising Game Studios (“PGS”) will have access to much needed funding and will be able to connect with gamers earlier on in the development cycle.
Attention. There is a risk that unverified members are not actually members of the team
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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