We need this immutable history to prevent someone from spending their coins more than once (double spending). It also enables 2 parties who don't know each other to trustlessly exchange value without a middleman. This opens up endless possibilities for commerce around the world.
Image Credit: Blockchain WTF Image credit: Fairlay Gaming Image credit: Fairlay.
Why Immutable? Because it's what cryptocurrencies are based upon! Cryptocurrencies use cryptographic hash functions called SHA-256 to create an output that has the following properties.
We need this immutable history to prevent someone from spending their coins more than once (double spending). It also enables 2 parties who don't know each other to trustlessly exchange value without a middleman. This opens up endless possibilities for commerce around the world.
Here at Fairlay, we want people all over the world to enjoy our games and earn bitcoins/altcoins as they play them. We think Bitcoin is awesome, but even awesome things can be improved with time, which is why we have started working on new features that will improve Bitcoin 2.0 & blockchain gaming.
Stable currency: The value of the currency is stable and will not fluctuate with high volatility That's why we decided to implement an incentivised method for users to lock their tokens for a period of time (between 30 days and 365 days). So if you were holding 1000 IMX tokens and locked them for 30 days, then after that period ended, your 1000 locked tokens would become 1337 locked tokens! If you decide to lock your 8000 IMX for 90 days, your 8000 locked would become 16176 valid! This is how it works.
This has never been done before in any blockchain game or anywhere else really. And we hope that our players like this idea as much as we do. It's very important because we believe that our players should be treated as partners who are helping us improve the user experience. We hope to gain your full trust and we do everything in our power to gain it.
Image Credit: Blockchain WTF Image credit: Fairlay Gaming The second big thing we have been working on is a completely reworked interface for blockchain games, which will include many new features such as leaderboards, achievements and so much more! It has taken quite some time but we think it was worth it because we now have something that is both easy to use and looks amazing! The screenshot above shows what we're currently working on and what you can expect from Immutable X soon! How does this affect IMMUTABLE X? Well, the current development phase of IMMUTABLE X was based on the assumption that the economic value of a token is directly related to its usefulness. In that sense, as shown below.
As you can see, as more people play the game, there's more demand for tokens and therefore their price increases. Since we have not yet figured out all the possible ways in which this new economy will work, we decided to use an Airdrop model.
Here at Fairlay Gaming, we believe that every player should be rewarded for playing a blockchain/cryptocurrency-based game and that delivering such rewards should be easy and convenient for everyone . Thus, we made it our mission to develop new features that enable gamers from all over the world to enjoy blockchain/cryptocurrency-based fun!
We have been working on a new Airdrop model that will reward our players for playing the game and promoting it in their own channels. We plan to release this feature with our IMX Token soon, so stay tuned!
