What is DraftCoin?
When Draftcoin, which is also known under the name BTCDraft, is the first cryptocurrency which a block chain implemented in an existing gaming platform. The DraftCoin token is used as payment on the gaming platform. However, to create additional value for the players, the developers also provided the blockchain as storage space for player statistics and high scores. This eliminates fraud and tampering so players can get the best possible gaming experience. In addition, DraftCoin will be paired with the US dollar. As the Bitcoin is moving in the opposite direction to the dollar, a similar move in the DraftCoin Cryptocurrency be observed. This effectively intercepts fluctuations in other cryptocurrencies and secures the value of the currency. The token will also be available on Btcdraft.com, the developer’s game platform, as well as on select venues.
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DraftCoin – The platform
The platform is known in particular for the so-called “knockout games”. These games are multiplayer games based on a knock-out principle. The player who wins the entire game session also receives the jackpot previously defined. Furthermore, the platform also includes an auction house. This feature is unique to a gaming platform. Mining hardware, sporting goods or other website-compliant products can be auctioned in this auction house . The bids also accept only DraftCoin tokens. Also at the auctions, there is the chance to win weekly jackpots, which also contain tokens.
DraftCoin – A platform for game developers
For game developers, the platform should also be an attractive alternative to publish new games. Contracts for the regular publication of new games can be concluded, which provide for a higher remuneration. In addition, developers have the opportunity to be rewarded as soon as the games are used by the community.
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Another interesting feature of the platform are the community contests. These are events where the community can win additional tokens. In particular, a high level of activity and the skills of the members are rewarded. The commissioning of the website is scheduled for December 31, 2017. On this day, a press release and a promotion campaign will be issued. In addition, three new games will be released. Already in the beginning of 2018, the platform will be expanded to include a fantasy sports section, as it has great popularity among market participants.
What is the market capitalization of the DraftCoin?
The DraftCoin has been officially developed since 2014, but it has only been traded on the market since 23 November 2015, The token is traded under the abbreviation DFT and completed the Initial Coin Offering on September 13, 2017, which set an issue price of $ 0.239775. This allowed a market capitalization of $ 416,864. After market issuance, market capitalization continued to grow, with the market capitalization peaking at $ 3.1 million on Dec. 7. In addition, the price per token was $ 1.40. At the current time this is still at 0.92 USD, so the market capitalization is quoted at 2 million USD. The daily trading volume also stands at $ 5,680 and is achieved through 2.2 million tokens that are currently in circulation. The maximum amount of tokens was also set at 17.4 million.
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