As computers and processing have gotten better, the entertainment side of it has also grown with it. With nearly $160 billion in market value last year, it is expected to grow beyond the $200 billion mark by 2023.
However, there is one thing that the gaming industry still lacks: a way to monetize the efforts of the players. People, young and old, spend thousands of hours playing games. Over the years, the games have become more than a source of entertainment. There are now whole tournaments with ever increasing prize money. That being said, the current monetization is aimed towards the winners, not the participants.
MinecraftCoin is one such project that is set to change all this.
Building, One Block at a Time
Released back in 2009, MineCraft is 3D open world game that allows players to build whole buildings and worlds using tools and resources spread inside the digital world. There are several gaming modes that allow players to build defenses and fight off mobs, compete with others with limited resources and even a creative mode that allows people to just log in and build unlimited.
The game has different versions and with hundreds of thousand players, perhaps millions, MineCraft has been critically acclaimed as declared one of the best games in the world. Yet, all of the time and effort spent inside the blocky 3D game has little to show in the real world. What if there was a way you could keep on playing the game and earn from it?
MineCraftCoin: Earn While You Play
Created as a peer to peer digital cryptocurrency, MineCraftCoin is a blockchain based digital coin that allows players to connect to the project’s MineCraft server and earn the MCC as they play along. In this way, the players will be able to enjoy the digital entertainment and at the same time tap into real monetization of their efforts. Along with the simple earning of the coin through game play, users will also be able to use the coin as a means of transfer of value, letting developers to sell their creations such as maps, skins, mods and other stuff through the dedicated marketplace.
To start earning MineCraftCoin, users can head over to the MineCraftCoin server detail page and connect with the ever increasing community. Users can also be a part of the mining process, with details on the mining pool here.
As an independent blockchain, the MineCraftCoin has different services. There is an internal crypto exchange that offers people to directly interact with the platform and trade in our out their MCC coins against BTC, LTC and DOGE. Apart from this, the MCC coin is also tradable on the UTRADEX exchange.
Since every coin needs a wallet to keep them safe, MineCraftCoin gives players and users the option of either an online wallet for ease in sending and receiving, and a paper wallet for the security conscious people. Transparency is a key aspect of MCC and to let users know the status of their transactions and the whole blockchain, there is even a dedicated blockchain explorer. People who are not much active in the game can also opt for a passive generation of MCC through the faucet function.
Since the MCC environment also allows developers and other people to sell their in game objects and services, they can register on the Vendor Dashboard and start merchandizing their products.
MCC Economics
The MineCraftCoin is a blockchain based coin that drives the monetization of the most beloved game of all time. The whole economic system is powered by the native MCC that acts as a medium of value and exchange.
The MCC is a unique coin in the fact that rather than rely on either the energy intensive Proof of Work (PoW) system and the efficient Proof of Stake (PoS), it employs both technologies. This gives the blockchain the efficiency of the staking system and yet still carries the security PoW provides.
The MineCraftCoin ecosystem has very low inflation, with roughly 0.5% per annum. A total of 50 million coins were minted in advance with the rest available through staking and mining. Each block reward of PoW carries 300 MCC and if PoS is used, 5 MCC. The minimum time required for staking is 2 hours and there is no upper time limit. The MCC is also a faster blockchain than most mainstream ecosystems, with a conformation time span of around a minute and only requiring 4 blocks for it.
The low inflation supply of the MCC coins and the increasing demand will put pressure on its value. Over time as more and more people start using it (which they will as they play along MineCraft), it will rise in value and generate profits for coin holders. This is the perfect time to register and start earning the MCC coins.