ORICHALCOS REVIEW
If you have known anything about blockchain and cryptocurrency it’s definitely because of the encryption that comes with cryptocurrencies. Since 2009 the blockchain has evolved, leading the way with basics about blockchain which had to do with decentralization of the currency, the immutable transactions, the Smart contract technology and the most inviting of them all is the anonymity behind transaction on the blockchain.It is with great pleasure i sincerely wish to inform you about a project with the unique features to improve our ecosystem. Basically, as always, I would like to highlight out that my articles are never and in no way any financial advice and will be a guide to adequately inform the masses about a unique project.Nevertheless they represent solely my opinion on a project nothing more, and I have studied them extensively for my purpose. As with any decision in life, everyone has to self-responsible to get their own opinion based on research.
Founded by Sungho Kim, Orichalcos (read their whitepaper here)is an attempt to even the playing field for gamers across the world. Currently the video game market place is dominated by large scale development studios who sell games for “relatively” high prices while profiting additionally off of game play data.
What is Orichalcos?
Combining gaming with new blockchain technology, Orichalcos project want to build a structure that allows users, developers, and also platforms progress mutually. Orichalcos is blockchain platform that can be used in areas that require asset management and incentives. Orichalcos has dual chains which makes it faster. Orichalcos combines with Ethereum blockchain for security and energy efficiency at a low cost!
The Orichalcos will launch its own wallet named Orichalcos Visual Wallet (OVW) which can be used to send, receive, and hold crypto-assets, there will be so many features available in this wallet. It is hybrid wallet and it will support cryptoasset status and transactions, social activities as well as functions such as tracking your cryptocurrency balances and calculation transaction fee automatically.
To keep volatility low against external currency, Orichalcos will operate an Algorithmic Central Bank with ORIC Stone within the platform. Therefore, after the ORIC Token Sale is finished, the remaining tokens will be kept in Central Treasury. The token economy is designed so that the value of the token will increase as the platform value will grows. Orichalcos will utilize the Oric Token whіch gamers will have the capacity to acquire in accompanying way.
The Orichalcos Platform fundraising goal is $40 mln USD through Initial Coin Offering. One ORIC is selling at a price of $0.12 USD. A total of one billion ORIC tokens will be issued.
Orichalcos provides for a fair system of remuneration of all its participants, bypassing intermediaries, to development companies, which usually had this role. Orichalcos is a worthy representative of the gaming industry. A strong idea, an experienced team, an operating business - all this and much more is already producing results.
The assets produced using the offers of Orichalcos tokens will be dealt with by the group behind the undertaking as they hold full obligation to the equity done to the said funds,mostly such assets are utilized in the advancement of the project,stuff like trade listing,promotional charge and some other related costs over the span of the project.I however expect 100% straightforwardness from the group as this task isn't one of those deceitful venture. The rest of the tokens after dissemination will be put away in Central Treasury by keen contract.Procured token conveyance expenses will be utilized for advancement, promoting, collaboration with designers and advertising organizations, framework task and administration and legitimate audit.
The platform Orichalcos has created a dual chain ecosystem that is a permissioned blockchain integrated on the Ethereum protocol. The platform is specifically built for games big data and digital asset management using cloud infrastructure. Users are rewarded and incentives for sharing their gaming data. Players are able to buy in-game content to grow their asset in the games they play. The Orichalcos platform has provided a more secured games application where uses data are secured, owned and controlled by them. Users sell their data to developers and are rewarded for their time and effort. The platform has given the users the opportunity to use their ORIC Token beyond games. Users can exchange them on a cryptocurrency exchange and make purchases for real-world items.
Orichalcos aims to overcome the deficiencies of previous blockchain games such as the high transaction fee and the insufficient processing speed during the implementation of a master node or the modification of a consent algorithm for data processing and approval of transactions. The Orichalcos will launch its own app that can be used to send, receive and store cryptographic resources, so there are so many features available in this app to make it easier to buy, process and send crypto goods all over the place with ease.
Website: http://www.orichalcos.io/
Whitepaper: http://www.orichalcos.io/wp-content/themes/oric/pdf/20180907-Orichalcos-Technical-Paper_v1.0.6_en.pdf
Twitter:https://twitter.com/OrichalcosOrg
Facebook:https://www.facebook.com/Orichalcos-239406276641957/
Linkedlin:https://www.linkedin.com/company/orichalcos-foundation/
Author: Dulo Wegner
Bounty0x Username: dulowegner