Introduction to BLOCK
BLOCK, short for Shadow Token, is an Ethereum-based ERC20 token, serving as a medium of exchange among players, games, and applications. It incentivizes users to develop their Universal Player Profiles (UPP) and interact with distributed applications and games based on network earnings and growth.
Additionally, BLOCK is used for all data write and read transactions between players and applications and can be instantly exchanged for xBLOCK, which is used for in-app purchases across all connected applications. Token holders can also earn additional rewards by staking BLOCK and gain governance voting rights on BlockGames platform and community affairs.
Token Economics of BLOCK
BLOCK token serves as one of the primary incentives connecting users with the BlockGames infrastructure, encouraging regular interaction with distributed applications and games within the ecosystem, while managing their data and developing their UPP. Rewards are directly related to protocol revenue and growth, with increased revenue/scale leading to higher rewards distribution.
In the token economy, community presale accounts for 5%, with 15% unlocked at the Token Generation Event (TGE), followed by a 6-month cliff and 15-month linear distribution.
Community rewards account for 30%, with 10% unlocked at TGE, distributed monthly over 36 months.
The ecosystem portion accounts for 33%, following the same distribution pattern as community rewards.
The team holds 15%, with no unlock at TGE, a 9-month cliff, and 36-month linear distribution afterward.
Investors account for 17%, with 10% unlocked at TGE, followed by a 9-month cliff and then 18 and 15-month linear distribution periods.
Overview of BlockGames Player Network
BlockGames is leading global mobile gamers and publishers into a new era of rewarded data ownership. By creating a broad, interconnected player network, it powers the next wave of breakthrough publishing applications and gaming experiences driven by the actual data economy.
Since its official launch on February 1, 2024, the "Rewarded Play" app has distributed over 1 million "Universal Player Profiles," generating over $400,000 in revenue (and growing) for more than 50 partnered mobile game publishers. The network has integrated over 300 high-quality traditional mobile games. In the first quarter of 2024, the BlockGames team raised $6 million to continue developing its rewarded data ownership ecosystem for mobile games.
The BlockGames player network was developed by BlockGames Labs.
Mission of BlockGames: Remaking the Mobile Gaming Market
The BlockGames player network aims to revolutionize the growing $120 billion mobile gaming market, recognizing the shift from centralized to decentralized game publishing. In this new paradigm, players are not just participants but key contributors to the success of gaming enterprises. BlockGames leads this era by rewarding players for their data-sharing contributions.
Empowering Players: Decentralized Data Ownership
The "Universal Player Profile" launched by BlockGames uses a decentralized system, allowing players to own their cross-game and cross-chain participation data. This ownership means that as players' game involvement and interactions increase, so does the value of their data, enhancing their capabilities in novel and innovative ways.
Ownership and Control
In BlockGames, users have complete control over their data. This attribute is unique in the decentralized gaming environment. Their data is privately owned, secure, and exchangeable for rewards. This system naturally promotes collaborative growth in the player network.
Next-Generation Publishing Platform
BlockGames enables applications to seamlessly connect to its ecosystem, providing a flexible, open platform where anyone can interact and match with verified players. The player network lays a reliable foundation for building next-generation publishing tools, covering everything from engagement and retention to personalization and interoperability.
Exploring Potential Applications of BLOCK
The BlockGames player network, by building Universal Player Profiles, is creating the most interconnected mobile gaming ecosystem. As the network attracts more real, verified players, it is gradually transforming into an open and decentralized publishing platform. This platform offers innovative tools from player-targeted testing tools to reward-based user acquisition and engagement engines, as well as cross-game interoperable experiences.
Esports Identity and Reputation
Using verified achievements in esports activities to help players build their esports careers through reputable Universal Player Profiles.
User Acquisition
Innovative user acquisition tools offer targeted, rewarded experiences based on Universal Player Profiles, such as "Rewarded Play."
Anti-Bot and Security
In an era of advancing AI technology, BlockGames supports anti-bot tools and authentication methods for games and distributed applications to counter reward farming.
Engagement
Tools that help mobile game publishers tackle scalability challenges by offering rewarding gaming experiences directly within games or through standalone experiences.
Personalization and Monetization
Utilizing Universal Player Profiles for personalized content and pricing strategies.
Feedback and Testing Tools
Facilitating game early access and testing for a target audience of verified Universal Player Profiles through matching systems and reward feedback.
Cross-Game Interoperable Identities
Providing synchronized player identities across all gaming experiences and blockchains through a unified data layer, enabling interoperable player experiences through Universal Player Profiles.
Official Links for BLOCK
Website: https://www.blockgames.com/
Twitter： https://twitter.com/getblockgames
Discord： https://discord.com/invite/blockgames
Steps to Buy BLOCK on LBank
Purchasing BLOCK tokens on the cryptocurrency exchange platform LBank is straightforward. Here's a step-by-step guide:
1. Log into your account: Ensure you're registered and logged into your LBank account, then click the "Trade" option in the top menu bar to start the trading process.
2. Search for BLOCK: Use the search function within the trading platform to find "BLOCK", locate the trading pair, such as BLOCK/USDT, and click to enter its dedicated page.
3. Place an order: In the BLOCK/USDT trading page's spot trading area, enter the amount of BLOCK you wish to buy. If you want to complete the purchase immediately at the current market price, select a market order and then click the "Buy" button.
4. Confirm the order: A confirmation window will pop up. After verifying the order details are correct, confirm to place your order. Once the transaction is successful, the purchased BLOCK will automatically be deposited into your LBank spot wallet.