KayoCredits Whitepaper - KayoCredits/ecosystem GitHub Wiki

Introduction

The KAYO Credits Platform would be an ecosystem where Gamers can earn by monetizing their skills. It would work as a platform for gamers to set up shops for their services, it will also work as in-game assets trade validator, utilize powerful escrow system for fair and fast transactions and would work as on/off game Wagering platform through utility tokens. All this will be monetized by KAYO Credits as a currency, which comes with robust features and toolsets. Purpose

A platform that enables players to challenge each other and earn KAYO Credits.
In-Game assets transaction validator.
Escrow Service for peer to peer transaction.
Fraud Solution for Gaming trades.
SDK for seamless integration with any games.
Platform for gamers to earn money through skills.
A single currency for multiple usages on the platform.
A place for sponsors to market their products.
Marketing platform for E-Sports events.
Arbitration services for any disputes.
Wagering on video game matches, sessions or even gamer statistics and ranking.

Challenges faced by the gaming community today

Slow transaction time in Cryptocurrency.
High fees.
Fraudulent gaming Transactions.
Lack of Escrow service to ensure fair trades.
Lack of a third party platform for off game gaming assets trades.
Lack of a platform where gamers can earn according to their skill set.
Slow transactions effecting e-sports betting on real time basis.

Solutions from KAYO CREDITS

The Kayo Credits team will work upon creating a platform for Gamers, Developers, Fans, and Sponsors, enabling them to have a stake in the game's outcome and providing safe environment for transactions or trades, on or off platform. We will create tools for the platform, to enable members and communicates to communicate better and create a trusted & fair platform for in game challenges, based on a ranking ecosystem. The complete Monetization of the platform would be done by using the Kayo Credits as a currency on and off the platform. These Credits are going to be the key focus in the gaming and betting spheres with its strong features and toolsets provided through it

Benefits for Gamers

On the Kayo Credits Platform, users can challenge other gamers who use Kayo Credits smart wallet in a game, on or off the platform.
The gamers can compete with other gamers featured on the ecosystem ranking board and can earn Kayo Credits here to add to their smart wallets.
The fair and fast escrow system of Kayo Credits helps the gamers secure the win amount in a challenge.
Using the Kayo Credits Platform, the gamers can buy or sell their game items without the risk or fear of fraud.
The gamers will be able to get the legit profiles of the members of the platform through third-party gaming platform like Steam, Origin, Ubisoft and mobile gaming platform API.
Users will be able to request a challenge of a higher-level gamer for Kayo Credits.
Gamers can hire other users as teammates or put themselves up for hire by putting up their own price and terms on their Kayo Credits portfolio and will even be able to create a team of players by hiring different users for team challenges in MMO games.
Trade in authentic third-party game items on the Kayo platform and community and use the escrow system for a safe trade using Kayo Credits.
Earn money through the platform for consulting, marketing, testing and by playing your favourite games.

Benefits for the Game developers/content creators

The Game developers, as well as the content creators, can create in-game assets on the Kayo platform, which can in turn, be used in the games.
Create in-game assets to sell or purchase through the Kayo platform using the Kayo Credits.
Create time-limited or subscription based goods on the platform.
Game developers as well as the content creators will be able to set up a virtual goods store.
Use of the escrow system for transparent and fair transactions.
Smart wallets with Kayo Credits or Coins would enable seamless payments from the users.
Fraud transactions will be impossible as both the parties will be locked in escrow until the both confirms the transaction.
Zero charge backs or cancellations charged by the parties.
Minimal transaction fee and zero commission fee towards the platform.
Use the Kayo Credits decentralized payment gateway with no middleman.

Benefits for Communities

The communities can support your favourite gamers and games on the Kayo Credits platform.
Each community can earn Kayo Credits by participating in referrals.
The communities can use the tip system to support your favourite gamer though Kayo Credits on the platform.
We can gamify your website and communities by using features of Kayo Credits platform.

Gaming Industry

Global Gaming Market

An explosive growth has been experienced by the global gaming market that reached US $108.9BN in 2017 and is estimated to reach the US $128.5BN by 2020. Source- Newzoo

Virtual Goods Market

There is an estimation of the overall value of the global social gaming market that will reach around the US $17.4BN by 2019. It is considered that the main revenue generation sources of the global social gaming market are the virtual goods, advertisements, and lead generation offers. And the virtual goods segment among the sources is expected to expand the fastest at a compound annual growth rate of 15.20% over the forecasted period.

From where we buy the Virtual Goods

About one third of the buyers are purchasing once a month and about 1/4th of them are buying once a week. Potential of Betting Industry in E-sports Keeping aside the differences of regular online sports and e-sports, betting on both is exactly similar to how we bet on any other sporting event. You need to select your stake among the E-Sports and make the bet exactly similar to the traditional sporting betting market. Once the outcome of the bet on the report is decided, the winners are paid with the same level of expediency like in a sports bet. In-game currency in the mobile gaming industry Around 2.2 billion gamers across the world are expected to generate US$108.9 billion in-game revenues in 2017. Mobile being the lucrative segment, it claims 42% of the market. It is expected that mobie gaming will represent more than half percent of the total games market by 2020.

Source- Newzoo

Platform details

Each user has a profile on the Kayo Credits Platform, integrated with their Kayo smart wallet. On each account profile, one can see the "Gamer Level", experience, time invested in different games, wins and losses, percentage on different gaming platforms like Steam, Origin, Ubisoft, EA etc. This information is obtained through the public APIs of these platforms.

How can gamers earn more?

Users / Gamers can challenge others on the Kayo Credits Platform, to a game, session or set of games using their profile on the web wallet. The challenger will determine the amount of tokens needed to accept his or her challenge in and publish the challenge on the platform forums. Other users may accept the challenge by committing the amount of tokens determined by the challenger to the escrow for safe keeping, until the challenge is over.

The Kayo platform will redirect the user to services Like Firstblood.io or gaming to commence the challenge.

The challengers will ONLY be charged with the escrow service fee provided by Kayo Credits.
No extra charge will be placed.
No mediators will be accepted between proceedings
The winner will receive the amount challenged once the loser agrees to release the escrow.

Users will also be able to put up a shop on their profile for the following:

To rent out their services as "hired guns" and mercenaries.
To rent out their services as team members under the command of the team owner.
To declare a challenge against rival gamers.
To provide expert game consulting, tutoring and mentoring.
Stream the games on twitch for a price.
Use their social media profile and twitch handles to market a new game or product.
Create content or review a game for a price
Become a team consultant, manager, couch or driller.
Additional services for a price on the Kayo credit platform.

All prices and payments will be done in Kayo Credits itself, to remove any middleman charges and will provide the maximum amount towards the gamers without any deductions.

Donations

The viewers and fans would be able to send tips to gamers with Kayo Credits while live streaming every match. The donation will be by Kayo Credits and will go directly through their smart wallets or the Kayo app.

Gamer/user ranking system

The platform will have its own ranking ecosystem for the gamers IR users. This ranking ecosystem will be based on different skill sets and data collected. Based on the ranking system, the gamers or users can earn from the faucet of Kayo platform. This will also enable the users to create a voting system on the platform to vote for any kind of the events taking place.

Betting on the game outcome, gamer statistics.

Betting has been and will remain an integral part of the eSports sphere. That is why users at the Kayo Credits platform can wager on other user's game session, matches, session or gamer statistics using the Kayo Credits Cryptocurrency smart wallet. Escrow for fast and fair transactions

The Kayo Credits platform would use its own escrow system for carrying out any transaction challenge or bet on the platform. It will be used for challenges between the players, streams along with peer-to-peer digital goods exchange. The escrow system will also be used in the gamer rankings trading platform.

Digital goods shop

The users and gamers will be able to create their own shops on the platform for game assets to get exchanged or sell it in exchange of Kayo Credits. They would also be able to add their assets to the marketplace through their smart wallets or Kayo Apps with Kayo Credits as the Cryptocurrency. The Kayo escrow system will ensure the authentic assets to get delivered and also protects the payment. Faucets to reward gamers/users for their contribution There will be faucets in the platform, controlled by mods. These faucets will be used for user contribution, gamer performance, advertisers and even developers for task completion and to get more users to try games or products on the platform.

Advertising ecosystem for companies and sponsors

The platform would serve as a hub for game developers and game companies to target the specific niche of customer, based no the promotion referrals and rewarding for game or the product testing. Referral earnings by gamers and users Gamers and users can earn Kayo Credits by making referrals in the platform, funded by advertisers for the promotion of their products. Platform for the developers to market their games Developers or the content creators can use the platform for marketing their games and game assets. Decentralized payment gateway for third party games using SDK Third party games can integrate Kayo Credits Payment gateway to use Kayo Credits as in game currency for purchasing of in-game assets. Users can exchange Kayo Credits to other cryptocurrency by going through any crypto exchange.

Road Map for Kayo Credits

Q1 2017 - The origin of Kayo Credits platform idea. Development of the concept and business plan.

Q4 2017 - Conceptualization of the different aspects of the Platform and feasibility of the concept

Q1 2018 - Team building. Attraction of advisors. Development of the Kayo Credits platform mock-up. Technical audit. Preparation for ICO. Development of a smart contract for KAY token release.

Q2 2018 - PreICO conducting. Continue the development of the platform. Ecosystem formation continuation

Q3 2018 - ICO main sale conducting. Kayo API development. Kayo web application development. Kayo API link testing. New applications development. Kayo tokens listing on crypto-currency stocks. Start of the marketing campaign to attract end-users.

Q4 2018 - The platform integration with Ethereum blockchain. Development of Kayo blockchain control subsystem. Integration of Kayo API with partner applications. Release of platform’s beta version. Start of Kayo wallet development. Platform and wallet release.

Q1 2019 - Further development of the ecosystem Development of Kayo SDK. Kayo Credits SDK release. Additional game mechanics development. Involvement of partners to develop new applications based on SDK.

Token sale Phases

Kayo Credits Utility token

Hard Cap $30 million

Base price of the token KYO / USD: 20 KYO for $ 1.

Maximum possible amount of Kayo for sale 1,000,000,000

Actual amount of Kayo to issue Will be known after the end of the

token sale (unbought tokens will not be created).

Smart contract address TBA

Additional emission / mining POS through smart contract

Date and time of the start of Pre-sale, UTC May 30th, 2018, 5:00 PM

End date and time of Pre-sale, UTC June 30th, 2018, 5:00 PM

Token-sale start date and time, UTC TBA

End date and time of, Token-sale UTC TBA

Currency accepted BTC, ETH, BCH, LTC, DASH, GBP, EUR

Minimum purchase amount 1 ETH or $500.Transactions with Smaller amounts will not be accepted.

Bonuses during the pre-sale TBD

Bonuses during the token sale No Bonus

Kayo Credits is a unique project, which aims to reward gamers and help them monetize their accumulated and refined skill set. It also helps game developers and advertisers find niche audience for their products and services.

Our Pre-sale will start on the 30th of May, 2018 and registrations are open for the KYC whitelist. Please visit https://kayocredits.io/ and register for the whitelist.

In case of any questions, you can contact us on [email protected]

Thank you

Team Kayo Credits