Place/Date: Ireland, Dublin - May 31st, 2017 at 8:34 am UTC · 4 min read
Contact: Mark Matroska, Source: LeviarCoin
Dublin-based game development studio LeviarCoin, has announced the launch of its open-source, secure, private and anonymous cryptocurrency, based on CryptoNote technology. LeviarCoin (XLC) is designed to be spent on the platform’s ‘free-to-play’ titles in the form of in-app purchases.
The cryptocurrency will facilitate the use of fraud prevention (in-app purchases+DRM) over Blockchain software, and it is entirely developed using C++. LeviarCoin’s ongoing crowdfunding campaign began on April 7, 2017, and will go on until July 9, 2017.
LeviarCoin is heavily focused on bringing blockchain technology to the gaming industry, offering all players easy, safe, decentralized payment methods and software fraud protection. The company has been concentrating its efforts on the development of free-to-play games that yield profits through the in-game micropayments.
The LeviarCoin blockchain software system can be implemented by both independent developers and companies directly into their apps. Individuals using the apps will be able to buy credits or licenses using traditional fiat currency, via PayPal or other payment methods. The integrated LeviarCoin’s CryptoNote technology will enable the trade of fiat to BTC or other cryptocurrencies to XLC, using an exchange API.
LeviarCoin Daemon Integration API and DRMoB system communications are achieved by sending and receiving encrypted commands on the default port. Anti-Fraud/Cheat System and Digital Rights Management over Blockchain (DRMoB) systems offers anti-tampering functionality while protecting the software integrity by preventing players of online games from gaining an unfair advantage using third-party tools.
LeviarCoin has laid down the infrastructure for individuals and large companies to implement the XLC micropayment structure, easily and efficiently into any gaming app of their design. XLC can be used for all manner of in-game purchases. Players will be able to buy interchangeable tokens for all supported games, objects, characters, collectible items and limited edition items. LeviarCoin’s API will also enable the safe transfer of XLC to other outside wallet addresses.
XLC ICO Crowdsale
The three-month long XLC crowdfunding campaign that started on April 7, 2017, is already beyond halfway, with more than a month to spare. All funds earned from LeviarCoin’s Initial Public Coin Offering will go towards further development of the program. LeviarCoin is distributing 5,400,000 of the initial coin supply among its backers. To protect users, LeviarCoin has availed services of a world class escrow which is only applicable for BTC and Ethereum investments made directly on the company’s ICO Platform.
The ICO will be considered successfully completed if LeviarCoin reaches a minimum total (BTC+ETH) of 100 BTC. If it fails to arrive at the 100 BTC target, all investors stand to receive a refund. In about two weeks after the completion of ICO, LeviarCoin will make the binaries and sources available on its official website and GitHub. The company also has plans to get XLC listed on leading exchange platforms to enable purchase, sale, and exchange of the cryptocurrency.
As per the existing bonus structure, investors in the crowdsale now stand to receive a 10% bonus (at 0.00045BTC/XLC) until 16 June 2017.
After the ICO completion, LeviarCoin will burn all unsold coins and issue a proof-of-burn for verification. Interested investors, cryptocurrency community members, game enthusiasts and developers can contribute to the ICO using BTC and ETH and become part of an exciting cryptocurrency ecosystem.
LeviarCoin is a new gaming company, whose core business lies in developing browser and mobile games. LeviarCoin concentrates on the development of free-to-play games that yield profits through the in-game micropayments.
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Disclaimer LeviarCoin is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.