IGames
IGames – a fully decentralized platform built on Binance Smart Chain where users can activate the smart contract through Metamask, and the rewards cycle begins when the tenth user joins.
Introduction
IGames is at the vanguard of the I-Gaming industry as it has recently unveiled a new platform that is a blockchain-based social network for crypto enthusiasts. Thanks to the strategic thinking and IT skills of Idealogic, the dream of IGames was effectively realized.
The following are the challenges that were identified, the solutions that were developed, and the results of this partnership which shows how the idea was made real.
Business Challenges
When undertaking this project, there were some issues that had to be considered and these are the concerns that are discussed below.
Referral Program Dependency
The industry’s heavy reliance on the referral system left users with limited referrals out of the loop.
Unfair Game Mechanics
Most traditional platforms used game mechanics that were more or less rigged in favor of the service provider.
Industry Fragmentation
There was no all-in-one approach to the various aspects of the blockchain gaming world including P2E, M2E, and NFT gaming.
Centralized Financial System Limitations
They had high fees, slow transactions, and the players had to trust the platform when it came to auditing.
Solutions
The challenges were well understood and addressed by Idealogic’s team of experts who came up with the following solutions.
Democratizing Earning Opportunities
Idealogic came up with a way of generating profits that do not depend on the referral programs and therefore opened up other chances of making money.
Introducing Fair Play Mechanics
To promote fair gameplay, the systems were made completely transparent and based on the blockchain with a win probability of 70/30.
Designing a Common Gaming Environment
The platform was designed to be integrated and to include multiple blockchain gaming mechanics in order to increase the user base and activity.
The Use of Blockchain in Financial Transaction
Blockchain was applied in order to address the weaknesses of the conventional financial systems and thereby improve the efficiency of the operations and increase the levels of trust.
Result
The partnership between IGames and Idealogic has delivered results that have almost transformed the face of the I-Gaming industry. The enhancement on the fairness and transparency of the gaming models also enhanced the user acquisition and retention.
Moving from the conventional systems to blockchain-based systems in financial transactions led to reduced charges, swift execution, and high level of accountability.
In addition, the platform ceased the reliance on referral programs and adopted a more equitable approach to gameplay, which paved the way to the growth of the platform and the onboard of a large number of crypto enthusiasts and gamers.
Conclusion
Through the cooperation between IGames and Idealogic, the problems that are known to affect the I-Gaming industry were solved, and a new direction for the future of the blockchain-based gaming was opened. This particular case study is a perfect example of how creativity and the technical skills can change the industry and make it better for the customer.
The partnership between IGames and Idealogic proves that the use of blockchain can change the entertainment and gaming industries for the better and improve the fairness, the level of users’ engagement, and the financial performance.
Additional links
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