Place/Date: Coventry, UK - October 4th, 2017 at 8:54 am UTC · 7 min read
Contact: Jake Ashby, Source: TriForce
Blockchain gaming solutions start-up TriForce Tokens has strengthened its bid to introduce the world’s first digital ecosystem for an online gaming community, forging a long-term membership with key industry organization TIGA, as well as joining the Crypto Valley Association in Switzerland. For more information on TriForce Tokens’s vision and development objectives, visit the TriForce Tokens website and read the official whitepaper.
With the number of online gamers swelling to 2.2 billion this year and half of them expected to spend, the online gaming industry predicts more than $100 billion in revenue by the end of 2017*, yet is held back by issues affecting development and growth. Led by a visionary team of experts in the field of blockchain tech, computer security and online gaming, TriForce Tokens seeks to spearhead the revolution of the multi-billion dollar online games industry through blockchain technology aimed at solving prevalent challenges relating to both players and developers.
The $100-billion online games industry is ripe for disruption
Market research shows that the online gaming industry will continue to be a highly lucrative market for many years to come. It is one that has experienced consistent year on year growth above 6%, with current trends projecting a $128.5 billion market by 2020.
The evolution of online gaming from console and PC platforms to a widening share from mobile platforms has paved the way for smaller, “indie” companies and individuals to access more opportunities and variability, reaching out to more than 2 billion people who play games online.
However, the crowded and competitive environment competition has made the process of producing successful games, monetizing and marketing, as well as reaching out to new players and retaining loyalty, increasingly complex, particularly for emerging indie developers.
The TriForce Tokens revolution: taking industry challenges head on
TriForce Tokens’ vision of a decentralized platform addresses the prohibitive barriers of market entry, particularly for independent developers who must find a way to produce high-quality games that meet release deadlines within restrictive budgets, limited resources, while contending with the huge costs of marketing. TriForce Tokens will offer developers a way to rapidly deploy common features across any platform and any game, such as tournaments, P2P trading and peer ranking.
Instead of replacing existing revenue models, TriForce Tokens looks to expand on unexplored streams, with a harmonising ecosystem of digital wealth across all platforms. Players can use TriForce Tokens to trade with others or earn them as rewards for competitions. Developers can compensate players with tokens for completing tasks and charge their own fees for P2P transactions.
The transparency afforded by TriForce Tokens will also foster happy, safe and ethical communities, where a unique honour system will recognize players for collaboration and assisting others. Honour profiles allows for a level of transparency that will help combat fraud and negative elements.
To improve player retention, TriForce Tokens also assists developers with providing novel gaming experiences, using big data crunching and behavioural analysis to provide deep player insights.
TriForce Tokens’s blockchain solution also promises an authentication network to help developers minimise piracy concerns, while also allowing them to extract some revenue from pirated content.
Strategic industry organizations for long-term positioning
TriForce Tokens has signalled a clear intent for its revolutionary platform, by partnering up with some of the industry’s most recognized advocates.
TriForce Tokens is a full member of the games and publisher network, TIGA, whose core purpose is to strengthen games development and digital publishing. As an active trade association, TIGA lobbies for the industry among key government decision makers in UK and the EU, positioning the industry in the media and assisting its members commercially.
Since 2010, TIGA has won 24 recognized business awards and continues to influence government policies relating to the games industry. To date, TIGA campaigning has resulted in several successes, including tax credit improvements in 2011, Video Games Tax Relief (2008-2014), the maintenance of a Skills Investment Fund in 2015 and the establishment of a £4 million Prototype Fund for start-ups.
Meanwhile, TriForce Tokens is the latest corporate member of Swiss-based Crypto Valley Association – a non-profit association aiming to build the world’s leading blockchain and cryptographic technologies ecosystem in Switzerland.
Enjoying support from the Swiss government, the Crypto Valley Association is working among other things to advance ICO compliance, including a current project to develop a token launch Code of Conduct. With four of the top six token launches having taken place in Switzerland, and a vibrant and growing blockchain community, Crypto Valley has firmly established itself as a global blockchain center.
TriForce Tokens and Crowdsale
TriForce Tokens (TFT) will be the currency powering payments and rewards on the decentralized gaming ecosystem. They will also be available to trade on external platforms, driving significant appreciation of value as the project grows in strength.
As part of a fundraising exercise to support development of its platform, TriForce Tokens will conduct a public crowdsale of tokens via an Initial Coin Offering (ICO).
A pre-ICO will open on October 14, 2017 (1.30pm GMT) for 48 hours only. Participants in the pre-ICO stand to gain a 60% limited bonus on top of the standard rate of 1 TFT at $0.20. In addition, 50 random pre-ICO participants will be chosen to receive a free Ledger Nano S hardware wallet.
Following this, TriForce Tokens will launch its main ICO event from November 12, 2017 to November 25 (1.30pm GMT), 2017. A 30% bonus will apply on Day 1 purchases and 15% on Days 2 to 7.
A maximum of 375 million TFT will be sold during the ICO from a limited supply of 500 million TFT, while a hard cap of $40 million in funding has been set. Unsold tokens will be burnt.
TriForce Tokens also has ambitions to become the first fully-compliant UK ICO, and is working on ISO27001 certification and General Data Protection Regulations (GDPR) compliance.
TriForce Tokens is backed by an ensemble of experts from a range of sectors, including corporate management, online gaming, computer security and blockchain development.
Some of its key team members include:
Pete Mardell, CEO
Mardell established himself as a strong engineering professional with his work on a range of technical web applications when he was Head of Development for a recruitment agency in the UK. An avid gamer, Mardell is also a long-time cryptocurrency enthusiast. LinkedIn: linkedin.com/in/petemardell/
Raza Ahmed, CTO
Dr Nazaraf Shah, PhD Research Engineer
An associate professor at Coventry University’s Faculty Research Centre for Manufacturing and Materials Engineering, Dr Shah currently lectures in Ethical Hacking and Computer Security.
Jakub Kafarski, Front-end Engineer
Sorina Rusu, System Developer
Rusu is a passionate developer with extensive experience in PHP and Node.js. Her good organization skills and dedication has been key to her successes with consulting and tech firms in Romania as well in the UK.
Haider Malik, Senior Full Stack Developer
Simona Patrut, Marketing
Patrut has a strong marketing background, including a management role at Romania’s Hilmi Medical Center, where she has managed entire product marketing cycles. She is an expert at building new partnerships for strong brand awareness.
Mihai Bratoi, Brand Designer
Bratoi is a Platinum Designer at UK designing firm 99designs. His work focuses on creating unique, memorable designs that responds well to customer needs for corporate needs and social media.
Disclaimer TriForce Tokens 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.