[ICO] MonsterBit — Unique Platform That Using The Game as a Base For Cryptocurrency 01.08. 2018 – 30.09.2018

Along with the development of the gaming industry, the blockchain is also developing, which has already smoothly entered some games and continues to do so further. There are several reasons for this:

1. Great opportunities for players. Game developers, as a rule, have the full right to make various changes to the game, especially related to pricing and the influence of players on this process. The blockchain will theoretically protect players from sudden corrections since the data enclosed in the blockchain cannot be changed due to decentralization.
2. The idea of the blockchain is also attractive because, due to the lack of centralized control, it allows you to maintain data confidentiality even from the game developer. Given this, it can be said that data control is also practically impossible on the side of other third parties. It is only interesting what future will such an idea provide for society?
3. Good support for indie game developers. What does this give? First of all, the ability to create a large platform that will be similar to Steam. The specifics of the blockchain will reduce the cost of games due to lower costs for commissions and other fees. Accordingly, it gives indie developers an easy opportunity to integrate into the world of the gaming industry. But at the same time, the newly created anarchic system may have its drawbacks compared to the already created Steam.
4. Combining game component and real currency. This integration makes it easy to monetize the game process since the currency used in it can be displayed in real money and vice versa. However, there are 3 problems – volatility and inflation along with fraud.