Peer-to-peer gaming on the decentralized Blockchain has turned the tables on the traditional gaming model. Since transactions are conducted between permitted parties on a self-executing smart contract, intermediaries are bypassed. The transparent P2P digital contract enables the FLUX platform to develop a faster, fairer and cheaper gaming system in which the game developers and players now own the house.

By making its gaming community owners, the FLUX platform solves a growing challenge in the gaming community, liquidity. Players spend a lot of time polishing their skills in a game and earning a reputation; they want to ensure there are enough potential opponents to give them opportunities to increase their winnings. Game developers meanwhile have an incentive to help gamers win and improve their skills. The strongest repeat player flows and loyalty come from competitive gaming.

No More Run-Away Gaming Bills

As an incentive to remain loyal to the FLUX market, developers and gamers not only pay much lower commissions than average but as investors, they also receive a percentage of the platform revenues. This is in addition to any appreciation in the FLUX token as the volume of gaming activity in the FLUX market grows. Mobile gaming revenues are forecasted to grow 24 percent to $52.5 billion in the 2017–2019 period.

Until the Blockchain disrupted the mobile gaming market, little wiggle room existed on the high commissions charged by online gaming hosts. The FLUX platform levies a one to seven percent commission on bets placed by gamers. Fifty percent of the commission goes to the game developer. The developer has the opportunity to raise additional funds by launching a crowdfunded ICO within the platform.

Fair and Transparent Play

Mobile game players are facing a rise in theft of their accounts, identities and virtual goods, and increasingly the fraud is perpetrated by a bot rather than a human on the other end of the game.  In China where virtual goods theft is highest, eMarketer reports 273.2 in-app virtual thefts for each legitimate purchase, versus 1.5 in the US. Cybercrime has soared in the mobile gaming world since in-game trading has taken off.

A new trading and gaming experience is created on the FLUX matchmaking engine on the Blockchain. A smart contract with a built-in escrow and arbiter function replaces the often murky, non-transparent and hackable gaming transaction process. For low commission fees, gamers get ironclad security and fast, automated processing.

The digital contract allows gamers to develop trust over the shared transaction ledger. The matchmaking process between game opponents is conducted over a cryptographically secure digital contract creating a database of immutable, transparent and auditable transactions. In order to make a change to the gaming record, all parties on the chain must agree to it. Complete anonymity is possible. Withdrawals and deposits can be facilitated from a crypto-wallet, eliminating the need to provide the platform (and dishonest bots) with a credit card and other financial information.

Gamers are free to focus on gaming and trading. When two opponents enter into a game, a smart contract secures escrow and an arbiter. When the game ends, the arbiter automatically rules and the winner’s monies are immediately released from the smart contract. Withdrawals are made in the FLUX token, ensuring continual demand for the cryptocurrency.

Market participants can obtain an ownership stake by buying the in-game currency (see the ICO details below). The FLUX market operates on FLUX tokens, which can be purchased by game developers, players, streamers and the wider gaming community. FLUX tokens can also be obtained by earning rewards and incentives offered throughout the flux gaming, online streaming, and in-game item trading platforms.

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