The reason why most people play games is mainly to entertain themselves as games by their very own design are made to intrigue the senses. These days more and more people are turning to digital gaming as a hobby and for some the aim is not only to play games but also to watch others play as well as betting on them as a way of earning cash. I n most cities game shops and sports betting outlets have begun to mushroom as the gaming phenomenon continues to gain global spotlight and impetuous.
The gaming industry has not only caught the attention of thrill seekers and punters only but also the media, corporates and investors have begun to flock into the industry seeking financial gain by acting as sponsors, partners and owners. However, the gaming industry is still lacks transparency as only game publishers and developers pocket all the profits and also lack of transparency can be witnessed in eSports betting solutions which are often inaccurate and inefficient. This problem is compounded by the observation that there is not clear path for professional gamers to graduate into becoming a pro. The cost of creating an eSports team as well as time remains the major stumbling block to one becoming a pro and most gamers resort to hiring 3rd parties to collect and manage their earnings.
Big eSports franchises such as FIFA, Overwatch, Call of Duty etc. keep on adding in-game sales and loot boxes meaning that the gamer has to folk out more to get these services across the board and in the meanwhile franchises keep on getting huge revenues. Player acquisition in free-to-play games is a difficult, high-cost strategy involving marketing in gaming platforms, advertisement and paid streaming.
SKARA Token Sale SKARA is plotting to address all these issues in the gaming industry by creating a new cryptocurrency in the form of an ERC-20 token (SKARAT) based off the Ethereum blockchain and it will be traded on the open exchange market. SKARA is an entertainment powerhouse introducing a competitive multiplayer eSports platform, narrative role playing (RPG) games and mobile apps in a rich fantasy world described in a series of novels to be published January 2018. Through this new vehicle, participants in the SKARAT community will be able to buy, sell and trade in-game assets without having to go to shady black markets. SKARA is embedding the blockchain at the heart of its ecosystem, in order to decentralize the benefits of participating in the games, both casually and competitively. The connecting of the rewards for participating in the SKARA community to the larger community is a huge benefit to everyone.
Decentralizing the game economy will bring the much needed transparency, accuracy and efficiency thanks to the blockchain with its decentralized open ledger system. Asset ownership and real time betting means more benefits going to gamers, not only for publishers and developers.
The token used by SKARA, SKARAT will be used as an eSports economy on its own as gamers can create and manage their own eSports teams and fantasy leagues within the SKARA platform and get paid in SKARAT for winning tournament. Also having a f2p AAA Single Player cross-game guarantees a high acquisition from launch. eSports, Lore events, streamers getting revenues in SKARAT and players getting value from their assets in the blockchain will keep the pace going.
Although SKARA will be playable for free to enhance the experience. Players will be able to acquire different kinds of assets in SKARA using two different currencies, a soft currency called Shard (that you can earn by playing the game) and a premium currency called SKARAT (which you can acquire with ETH). The SKARAT (SKARA Token) is a unit of value that will be created to self-govern our ecosystem, and empower SKARA users to interact with other products, while facilitating the distribution and sharing of rewards and benefits to all of our community and stakeholders.
Projections
Most SKARA assets that can be bought with SKARATs are purely cosmetic and don’t provide a competitive advantage in-game since we aim to become a competitive eSports game. Some of these assets will grant special abilities or higher stats but only in certain non-competitive game modes such as single-player mode. SKARA will always be free to play and free to win. In order to incentivise players to keep playing and spending money in SKARA, we need a large community of gamers engaged continually, this is only achievable with retention mechanics that will encourage participation. This is why the dual currency structure is important — the soft currency Shard rewards players who spend time in the game and helps keep them engaged.
Token Sale Information
SKARAT (SKT) is the token issued in the Token Sale.
SKARATs are ERC20 compliant Ethereum smart contract tokens.
Only ETH will be accepted as a contribution. You can use certain exchanges such as Evercoin, to contribute with Bitcoin, Litecoin, Dash and other cryptocurrencies. Contributions coming from exchanges will not be accepted and the money will be lost.
To contribute into the token pre-sale or to comply with the Whitelist procedure:
b) Provide your email, and the other required information.
A minimum of 10 ETH will be accepted for the pre-sale.
Token release: The tokens will be issued within two weeks of the end of the token sale. Only purchased tokens will be minted.
Token distribution
SKARAT expects to issue a maximum of 20,000,000 SKARATs. When the token sale is completed, no more SKARA tokens will be issued. The tokens will be distributed as follows:
- 10% of the tokens will be distributed among co-founders and the team.
- 15% of the tokens will be held by the company to fund future marketing activities.
- 2% will be used for Bounty program and another 3% for advisers.
- 70% will be available to token sale contributors.
Pre-sale structure
All tokens sold in the pre-sale are subject to a minimum lockup of 3 months.
Stage Bonus
Whitelist — day 1 15% Day 2 — Whitelist 10% Public — day 3 5%
Vesting
Shares for the SKARA team and those for advisors will be vested for a period of three years. Pre sold tokens will also be vested for a period ranging between 3 months and two years, depending on the bonus
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