#megacryptopolis

On April 23, Wanxiang Blockchain Honeycomb Academy invited Yu Kai, the top of the PlatON community, as a guest in the live broadcast area of the web open up class of Wanxiang Blockchain Honeycomb Academy, and delivered everyone "The Advancement of "Blockchain Games" from Traditional Games". Yu Kai is the first generation of gamers in China, and now he switched to blockchain. As a senior game player, what does he think about blockchain video games? Please start to see the full textual content of Yu Kai's discussing in the live broadcast area below. Hello everyone! Let me introduce myself very first. I have been working for the computer newspaper since 1999. At that time, I visited the game square to do the game column, generally responsible for the game preview and strategy. I should be regarded as the 1st group who began to make video games in China. WHEN I entered the game industry, the Internet slowly emerged in 1999 and 2000. Games played a great function in the popularization of the Internet in China. From traditional video games to blockchain video games, there are numerous things that I, a traditional game person, wish to consult with you. Today's theme is "Considering the advancement of chain video games from traditional video games". Today's training course will be divided into five components: some misunderstandings about chain video games, what a chain video game should appear to be, regulations of the advancement of the chain game, an era that is about to emerge, and a series of problems that need to be solved. Some misunderstandings about chain games First, share quite a few data. According to the inference of the amount of online games at the top three open public chains, you can find currently about 350 chain games on the market, and the amount of chain video games provides declined compared with the same period last year. The head product is approximately 4,500 per day. If this number is positioned in the traditional game field, you can find about 500-600 million gamers in China, and the number is nearly negligible. The transaction level of the top product is just about 7800 US dollars a day. The deal volume is the information of the deal volume between gamers and games. As for the amount of cash that game developers and operators can receive, it really is uncertain. I think you can find four obvious troubles in current blockchain games: 1. An individual threshold is extremely high. For customers, the threshold is quite high. We are also making video games ourselves, and friends give me suggestions when they play, and they get trapped when they play and they hardly learn how to pay later. Threshold is the most basic issue facing chain video games at present. An individual experience is not considered 1st, which greatly hinders the advancement of chain video games. 2. Lack of gameplay. Most video games, such as CryptoKitties, have no basic gameplay. Just how do gamers overcome difficulties along the way of enjoying the game? What kind of honor can you obtain? Satisfaction? nothing. 3. Finance is higher than games. At present, most games are usually mainly based on speculation and speculation, that leads to the fact that customers who actually want to have fun with games are nearly unable to have fun with chain video games and cannot accept them. Some good gamers may also be discussing the advancement route of chain video games with us. As a game promotion, it isn't promoted to video game players, but rather for investors. This is a manifestation of the current financial higher than the game. 4. The advancement team is not professional. Compared with traditional game manufacturers, chain game developers are mainly individuals and small teams, which may be understood as "two nos": the state of no one and no money. Consequently, the quality of the game is tough to perform well. After the release of new video games this year, they will have steadily improved, especially the production level of overseas items (Korea items) is very good. It implies that the foremost is the introduction of talents; the second reason is the help of capital, all of which are helping chain games to build up well. From the current circumstance, the chain video game is in a very early stage, similar to the traditional video game industry in the beginning. So what is really a chain game? 1. Games aren't financial products. Considering the industry's understanding and judgment as a monetary item, this is rare in the traditional game industry. It is possible to play video games with or without spending money. One is named Krypton Gold and the other is named Liver. But playing games to make cash feels a bit astray. In the event that you play video games for income, you get rid of the original intention of the game. Games must not be financial products. 2. Become pure in playing games. Game developers (content companies) should make a good game for customers to have fun with, don't think about other things, you bow your mind in the melon industry and tie your shoelaces and say you haven't stolen the watermelon, who believes it? Producing pure games is what developers should do. 3. The game is not just throwing a sieve. Although randomness is an important assistance for the fun of the game, the game should nevertheless reproduce the fun and artistry of the random outcomes through various product packaging. This is my understanding, rather than throwing randomness straight while watching user , This rudeness is a good destruction to the wonder of the game. To sum up, blockchain games shouldn't have "blockchain functions". These functions cannot cover all the blockchain, but only a small component. Nowadays, the majority of the blockchain video games have performed a small component to the maximum, replacing the initial functions of the game. The above is the current misunderstanding of chain video games. What should chain video games look like? You can find three discourses. These three discourses aren't directly linked to the game, but linked to the blockchain, however in reality these three points explain the direction for future years advancement of the game. It generally originates from the opinions mentioned in public areas speeches by many extremely respected leaders around me. Dr. Feng Xiao mentioned: “Any new application based on disruptive technologies has always experienced two routes. Path 1: Regard new technology as an instrument, improve traditional company models, and get marginal benefits. Path 2: Use new technology As something to reconstruct the underlying logic of company." At present, many video games are made in accordance with the idea of ??route one, replacing parts of traditional video games with blockchains, thereby obtaining benefits and rewards. I think this is not the direction that blockchain video games should go. Blockchain has brought many new points and very important model changes. It is necessary to follow Path 2 to provide new gameplay for this change. This requires every video game practitioner to believe carefully in what blockchain may bring to customers. What's coming? Did it provide something really fun? This is actually the future development direction of blockchain video games. Mr. Sunlight Lilin mentioned: "At this time, today's blockchain provides pushed the open up network of mankind to a new peak, completely start, so that everyone can participate, and motivate everyone to contribute. ." Based on the blockchain program, more things could be opened right up to permit everyone to participate, so openness is the focus associated with upcoming blockchain games. Dr. Chuanwei Zou mentioned: "The Decentralized Economy (DeCo) provides two main characteristics: one is the blockchain because the infrastructure; the other is the autonomy of the city, so general public affairs administration is carried out in a decentralized way. " Games may also be a distributed economy, which is governed by the city. In fact, this design is unique to the blockchain. Traditional video games cannot do that. Traditional games should be the counterparty partnership of operators, channels, media, and gamers. There exists a zero-sum video game in a certain sense. But blockchain video games have the opportunity to split through this system and join the community, so that all partners and gamers can join the community, so that game administration can be executed in a decentralized way. This aspect is worth exploring, and it will bring new things to the future advancement of the game. Let's discuss this is of my knowledge of video games. The video games I understand will be the artwork of killing period supported by high-tech. Why is high-tech support? Regardless of the computer, the Internet, the mobile Web, or the blockchain, whenever a new technologies appears, the game has always been at the forefront, which is in line with the law of traditional development. Passing the time is the most normal requirement for playing games, along with other goals added to the game can make it deviate. The primary is fun. The game is really a work of art. Don't destroy the creative sense of the game because of other unnecessary elements. This is a issue that game developers need to consider. 1. Chain video game mission. The existence of chain video games comes with an important mission, which is exactly like other games. Back then, online games popularized the Internet, and mobile video games popularized the mobile Internet. Mobile video games became popular after 3G and 4G. Blockchain games likewise have a mission. Blockchain video games should help more ordinary people find out and accept the blockchain. It is far from possible in today's design, and there is no solution to help normal people accept, adjust, and accept the area. Block chain. 2. Academic definition. The overall game needs to provide a well-described worldview and immerse the ball player on earth. Everyone has viewed the "Number One Player" movie. The game inside it is another world, nearly parallel to the real world. The overall game must set up a world view. 3. Visit the blockchain. Games need to focus on the problem of blockchain. The blockchain ought to be hidden being an infrastructure, and the blockchain cannot be experienced when playing games, so that gamers can accept it more easily. Just what does blockchain bring to video games? I understand it really is trust. Because of two points: (1) Blockchain data cannot be tampered with; (2) The smart agreement running on the chain will be automatically executed. The original Internet is one of the transmission of information, and the blockchain is the transmission of trust. This may make a profound shift in the production and operation of the game. At the same time, in this context, a larger-level division of work is achieved, producing the game ecosystem more fair and simply, and the identities among video game suppliers, operators, and gamers will become very, very equivalent. "Have confidence in" in blockchain video games is really a huge opportunity for SMEs. What's the most precious on earth? Trust is an extremely precious thing. It is also very hard for a large organization like Facebook to gain trust. Why is Libra so hard? Because even Congress doesn't believe in Libra much. Therefore, getting trust is an important direction for potential future breakthroughs in blockchain video games. A principle of game development Let me share with you the guidelines of game advancement, which are generally applicable to domestic games.

Check out this row associated with games. In 1995, "The Legend of Sword and Fairy" was launched, and China's Computer industry entered the embryonic stage. With "Legend of Sword and Fairy" because the representative, most single-player games prospect many younger Chinese to obtain in touch with and become acquainted with computers. We were educated and enlightened by video games. 2000 was the initial season of online games in China. The initial video game "King of Kings" was released, produced by Taiwan Lei Jue. This video game is amazing. After a lot more than ten years, I went back to watch the "King of Kings" mode. Numerous games right now can't perform it. "The King of Kings" in 2000, including the later "Legend", "Stone Age group", and "Miracle" produced the era of online games in China and greatly assisted the popularization of the Internet. At that time, going to Web cafes to have fun with online games was Extremely popular group activity. "Zhengtu" is more criticized than praised by the industry and gamers, but "Zhengtu" is essential to the game industry. "Zhengtu" brings a free of charge mode. Now many games come in this mode. Its not necessary money to have fun with games. You only need cash to get props and skills in the game. Before the emergence of the model, video games were all billed, either for single-player video games to get a license, or for online games to get some cards, have fun with for an hour and pay for an hour, pay 1st before playing. Under the paid design, small gamers in the game industry have no chances, however the free design differs, because many video games have a lot of possibilities for display. To put it simply, games with bad artwork but OK gameplay, and video games with good commercial styles at the cost level 've got good opportunities. "Zhengtu" has directed the free-to-play model, which includes increased the ARPU worth of the game industry by a big phase, allowing many little and medium-sized manufacturers to thrive. Even when Tencent and NetEase are usually so powerful, there are still several video game companies that are quite "nourishing. This is a major contribution created by "Zhengtu". "Group of Legends" and "King of Glory" should be very familiar to everyone, ushering in their particular eras. In 2010 2010 and 2011, traditional large-level MMORPG games slowly declined. However, following the release of "Group of Legends", MOBA originated. Instead of spending money on the ability, the mode of spending money on the unique game encounter became popular, leading online games to move forward for another 3 to 5 years. After 3G and 4G arrived, it entered the era of mobile games, and the star at the moment was "Glory of the King". "King of Glory" is really a item with a each day income greater than 100 million yuan. This type of income level and ability is difficult for many Web products to match. With the development of China's information technology, games are leading the way in the widespread application of new technologies every five years, from 1995, 2000, 2005, 2011, 2015 to 2020. The maturity of the blockchain in conjunction with historical possibilities may usher in the explosion of the chain video game industry during 2020. This is a essential rule, and good products can happen at the moment. There is also a historical possibility in 2020. Numerous sectors are turbulent under the epidemic, and the game industry has been able to create great progress despite global fluctuations and economic downturns. Individuals in the game industry I know have been busy lately. AMERICA includes a description of the economic phenomenon-the "lipstick effect". Once the economy is down, folks are not ready to spend big money, such as buying luxury goods, traveling abroad, investing in wealth management items, etc., everyone puts the money in their own hands , There will be some remaining cash. It is also quite unrealistic for folks not to spend money, therefore lipstick will be used as a cheap and unnecessary item release a consumer desire in special situations. The overall game perfectly matches the characteristics of cheap but nonessential lipsticks. Games will be the cheapest entertainment on earth. There is no entertainment product cheaper than playing games. The economy is hit during the epidemic, and the game industry will develop well. Advancement treats all video games equally, not just traditional video games, but also blockchain video games. How exactly to seize the traditional opportunity? Everyone of insight in the market need to seize the chance together. An era that's ready to emerge New blockchain games should appear, and the chain online game industry will enter a new era. There are various troubles in centralized video games. Games are saved on centralized servers. The advancement team is managed and the advancement team has total control. You can find risks and troubles in security and openness. Blockchain technologies is likely to produce a revolution in faith mechanisms, bring new technological reliable structures, establish faith ecology, and provide the game to a new historical stage. It is not an opponent video game between your operator and the ball player, but an ecological style of everyone's co-construction. Upon this basis, we submit a new concept of blockchain games-Decentralized Autonomous Games (DAG). Make full use of the consensus initiative, after reaching a consensus, it can spontaneously produce behavior, not just the behavior of playing games, but the behavior of helping and building the ecology and the city. Decentralized autonomous video games derive from code operation governance mechanisms, not controlled by business entities, and decentralized, so that they tend to be more objective, open up, and secure. There will certainly be a lot of collective wisdom used right here, the city and the game will grow concurrently, and the game will continue to update and improve itself. Once the video game is played based on the core features of the blockchain, the game will be pushed to a state of self-operation, self-administration, and self-development. "Self-operating" implies that the game revenue-expense routine is publicized about the blockchain. The main organization supported by the blockchain smart agreement represents all gamers. The ultimate in the future would be to operate immediately and manage the operation of the game through the inner program of the game. "Self-administration" continuously adjusts and regulates the behavior of gamers in the game by way of a consensus initiative system, rather than relying on a strong external program and everyone's consensus to regulate the behavior. "Self-development" video games form a new self-development video game model through community governance. This is exactly what I think into the future games, that will become "living" games, rather than "dead" games under centralized control. The string of urgent problems The vision is beautiful and the road is longer. As a participant in the chain video game industry, I'm also focusing on a game, and I seriously feel that there exists a group of troubles that need to be solved urgently. You can find three points at an individual level: 1. User threshold. Blockchain games need to be de-blockchainized and de-financed. What's definancialization? For example, the first access of the blockchain is really a wallet, which is a financial-grade item, which manages the property of a large number of customers and requires total security. Regarding absolute security, an individual experience will be sacrificed pretty much, and it is especially unfriendly to new users. However the blockchain video game itself is really a video game, and an individual of the game puts security factors on the second account, and the initial consideration should be experience. Do players really value safety when playing? Might not care therefore much. Traditional gamers cannot be kept out because of the monetary attributes and security of blockchain items. This is a little bit different and needs to be improved in the future. 2. User guidance. On the main one hand, the threshold for video games is quite high; however, most video games are carrying out small points with blockchain under the name of the game. "Searching for benevolence and getting benevolence", the current behavioral features of gamers and users are usually advocated by the game itself, and gamers cannot be blamed for the design of the game. User assistance needs to fundamentally change what sort of game is made. 3. User relationship. There is quite a few opposition (zero-sum video game) between operators and users. In the future, they will gradually shift to a more open up and community-based design to achieve decentralized qualifications. From the developer's point of view, the current public chain is not friendly sufficiently for developers. Traditional games certainly are a quite mature development program. A lot of entrepreneurs can simply enter the machine, and the threshold for chain video games is relatively high. Right now the underlying functionality does not support very complex video games, and future technologies needs to be improved. The above-mentioned situation will affect the advancement of chain games. It is for the industry to become more mature and assist chain video game producers and developers to achieve a more playable level of chain video games, so that chain video games could be popularized by the general public. The mission of the block chain is really a problem that needs to be solved urgently in chain video games. It's the mission that blockchain video games should shoulder in the future to get players in the game circle outside the chain and currency circles to utilize the blockchain by performing chain games. Today my sharing is here, this is actually the game we are doing right now, Horseman Move, welcome everyone to see. The following is the interactive exchange content Question: You just mentioned that the threshold of chain video games is higher than that of traditional video games, and there are numerous problems that need to be solved urgently. How long do you consider it is until the emergence of popular blockchain video games? Are you optimistic? Yu Kai: I'm quite optimistic. When AR and VR technology come out, everyone will believe that new video game types should come out, which includes cloud games that were very popular last year. These should result in a wave. Nevertheless, it did not actually happen. These video games are just easy technology replacements , nor constitute a fundamental model change. Nevertheless, the emergence of online games, free video games, and MOBA video games before is really a fundamental business design change, so it succeeded. Today, blockchain video games are much better in functionality than before. The new changes including Ethereum 2.0 may provide a lot of game developers in to the industry. Traditional veteran online game companies, such as Ubisoft, are doing blockchain games, and it's time and energy to explode after such a long time of accumulation. We are also trying to take our own game route, and we are able to develop a new video game design on HorsemanGO items. I hope that more talents and much more funds will be invested in blockchain video games. Under this premise, I believe that there will be explosions in chain video games during the past one or two 2 years. I think that the hallmark of a hot item is out of the circle. Avoid being in the chain circle. Visit the video game circle to get gamers and let them have fun with blockchain video games. The hot cash will certainly appear, and it will definitely lead the advancement of the chain video game. . Question: Reveal about the Horseman GO video game. Yu Kai: Both Horseman Move and PlatON are projects supported by the LatticeX Foundation. It can be said that the game Horseman GO wants to discover new ways of merging blockchain projects and games. During the past, blockchain projects were still supported by ecological items. In our design, we straight devote ourselves to video game operation and distribution in a more intimate manner. In this way, resources could be much better collected, the benefit can be used, and the game could be made better. The Horseman GO product puts all game revenues in the central wallet of the smart contract. It can be understood that the amount of money after purchasing things is not all ours. We make use of section of it as price assistance and handling charges, and most of the amount of money is returned to the game. Designated to players. It is equal to "extracted from the ball player and useful for the ball player". Everyone consumes to greatly help the game grow quicker and develop much better. At the same time, I wish to use a section of it being an incentive bonus for novices to guide more players in to the game world. It is still in the testing stage and there are numerous shortcomings. There are a lot of communities and partners helping us to make the game much healthier. Our idea would be to start the core 1st, and open it upward a bit in the future. After all the video games are opened up, the community will need greater responsibility in the advancement of the game and make the game create better. This is our original intention. Horseman Move is founded on learning to be a fun video game. Fun games nevertheless have plenty of pressure to create right now, but this is actually the street that chain traveling should take.

Looking at the overall situation, in 2018, the domestic game market in South Korea reached 14,290.2 billion won (approximately 12.34 billion U.S. dollars), an increase of 8.7% compared with 2017 (13,142.3 billion won, approximately 11.35 billion U.S. dollars). South Korea's game industry continued to grow during the ten years from 2009 to 2018. Although it declined slightly in 2013 (a decrease of 0.3% year-on-year), it resumed growth in 2014 and maintained its growth momentum until 2018. The Korean mobile game market surpassed PC games for the first time in 2017, and it also occupied a dominant position in the Korean game industry in 2018. In 2018, the sales revenue of the mobile game market reached 6,655.8 billion won (approximately 5.75 billion U.S. dollars), accounting for 46.6% of the total game industry sales revenue. The sales revenue of PC games was 50236 billion won (approximately 4.34 billion U.S. dollars), accounting for 35.1% of the total game industry sales revenue. The sales revenue of Internet cafes was 1,828.3 billion won (approximately 1.58 billion U.S. dollars), accounting for 12.8% of the total game industry sales revenue. The sales revenue of console games was 528.5 billion won (approximately 456 million U.S. dollars), which accounted for the proportion of the total game industry sales revenue from 2.8% in 2017 to 3.7%. In 2018, the sales revenue of the Korean game industry only saw a year-on-year decrease of 12% in the sales of arcade games, while other sales revenues increased year-on-year. However, the growth rate has decreased compared with 2017. In terms of growth rate, only console game sales revenue has maintained a high growth rate for two consecutive years, and the growth rate reached 41.5% in 2018. The growth rate of PC games was 10.6%, the growth rate of mobile games was 7.2%, and the growth rate of arcade games and Internet cafes remained around 3%. In 2018, the export value of the Korean game industry increased by 8.2% year-on-year to reach 6.411 billion US dollars. Imports also increased by 16.3% year-on-year, reaching US$306 million. 1. Game industry trends in 2018 In 2018, the Korean game market grew by 8.7% year-on-year, reaching 14,290.2 billion won In 2018, the domestic game market in South Korea reached 14,290.2 billion won (approximately 12.34 billion U.S. dollars), an increase of 8.7% compared to 2017. South Korea's game industry has maintained a growth trend as a whole, with only a slight decline in 2013, but has maintained its growth momentum after resuming growth in 2014. However, the year-on-year growth rate in 2018 was significantly slower than in 2017.

The scale of the mobile game market reached 6,655.8 billion won, accounting for 46.6% of the total game market In 2017, South Korea's mobile game market surpassed the PC game market for the first time, and the focus of the Korean game industry has shifted to mobile games. In 2018, the scale of the mobile game market continued to account for the largest proportion of the overall game industry. In 2018, the sales revenue of the mobile game market reached 6,655.8 billion won (approximately 5.75 billion U.S. dollars), with a market share of 46.6%, a slight decrease from 2017 (47.3%). The sales revenue of the PC game market was 50236 billion won, with a market share of 35.1%, a slight increase from 2017 (34.6%). The sales revenue of the console game market was 528.5 billion won, with a market share of 3.7%, and both sales revenue and market share increased significantly year-on-year. In the overall game industry, only arcade game halls saw a year-on-year decrease of 12% in sales revenue, while other sales revenues increased year-on-year. According to statistics, in 2018, the share of arcade games was 1.3%, that of Internet cafes was 12.8%, and that of arcade game halls was 0.5%.

Compared with 2017, the growth rate in 2018 has generally slowed down. However, the sales revenue of the console game market increased by 41.5% year-on-year, continuing to maintain a substantial growth momentum. The sales revenue of the PC game market also increased by 10.6% year-on-year, showing a substantial increase. The sales revenue of the mobile game market increased by 7.2% year-on-year, the sales revenue of the arcade game market increased by 3.1% year-on-year, and the sales revenue of Internet cafes increased by 3.9% year-on-year. In 2018, exports increased by 8.2% year-on-year to US$6.411 billion In 2018, the export value of the Korean game industry increased by 8.2% year-on-year to reach 6.411 billion US dollars. Imports also increased 16.3% year-on-year, reaching US$306 million.

From the perspective of various game platforms, the export scale of PC games reached US$3.42 billion, accounting for the largest proportion. The export scale of mobile games was 2.876 billion US dollars, the export scale of console games was 80.93 million US dollars, and the export scale of arcade games was 33.58 million US dollars. From the perspective of import scale, the import scale of PC games in 2018 was 57.18 million US dollars. The import scale of mobile games was US$107 million, and the import scale of console games was US$139 million. The import value of these two platforms has increased on a large scale. The import scale of mobile games has increased by USD 13.44 million year-on-year, and the import scale of console games has increased by USD 40.16 million year-on-year. The import scale of arcade games is USD 2.31 million.

In 2018, among the major exporting countries and regions of Korean games, "Greater China" (Mainland China, Hong Kong, and Taiwan, China merged into the "Greater China") accounted for the largest proportion with a rate of 46.5%. Followed by "North America" ​​(15.9%), "Japan" (14.2%), "Southeast Asia" (10.3%), and "Europe" (6.5%). Compared with 2017, exports to Greater China and Southeast Asia decreased, while exports to other regions increased. The proportion of exports to Greater China fell by 14.0% year-on-year, and the proportion of exports to Southeast Asia fell by 2.3% year-on-year. On the contrary, the proportion of exports to North America increased by 9.3% year-on-year, showing a substantial increase. In addition, the proportion of exports to Japan increased by 2.2% year-on-year, the proportion of exports to Europe increased by 2.7% year-on-year, and the proportion of exports to other regions increased by 2.2% year-on-year.

When looking at the proportions of exporting countries and regions by game platform, among the exporting regions of PC games in 2018, "Greater China" accounted for the largest proportion with a ratio of 54.5%. Then, in order, “Japan” (14.7%), “North America” (13.2%), “Europe” (6.4%), and “Southeast Asia” (5.3%). The proportion of exports to “Greater China” and “Southeast Asia” decreased by 20.3% and 1.4% year-on-year respectively, while the proportion of exports to “Japan”, “North America” and “Europe” increased by 10.1%, 6.3%, and 1.8% respectively. It can be seen that the decline in "Greater China" and the rise in "Japan" are very large. Among the export regions of mobile games, "Greater China" also accounts for the largest proportion with a ratio of 38.5%. Next, they are "North America" ​​(18.4%), "Southeast Asia" (16.4%), "Japan" (13.2%), and "Europe" (5.9%). Compared with 2017, the proportion of exports to “Greater China”, “Japan” and “Southeast Asia” decreased by 5.8%, 8.2% and 0.7% respectively. On the contrary, the proportion of exports to “North America” and “Europe” increased by 11.7% and 1.4% respectively. South Korea accounts for 6.3% of the global game market, ranking fourth in the world in the mobile game market In 2018, South Korea accounted for 6.3% of the global game market, ranking fourth in the world following the United States, China, and Japan. The countries from fifth to tenth are the United Kingdom, Germany, France, Italy, Canada, and Spain. In the PC gaming sector, South Korea ranks second in the world with 13.9% share, second only to China. South Korea has been ranked second in the world in the PC gaming sector until 2016, but was surpassed by the United States in 2017. In 2018, South Korea surpassed the United States again to rise to second place by a very small gap. In 2018, South Korea ranked fourth in the world with a 9.5% share in the global mobile game market, followed by China, Japan, and the United States, but its share is similar to that of China (26.5%), Japan (16.5%), and the United States (14.9%). Big gap. Compared with 2017, China's share in the global mobile game market has increased by 5.8%, consolidating its number one position. Japan's share increased by 0.1%, while the US share decreased by 0.7%. In the console game sector, South Korea's share of the global market is very small. However, the size of the market has been increasing in recent years, and its share of the global market reached 1% in 2018.

880 producers and publishers, 11801 Internet cafes, 676 arcade game halls, and a total of 85,492 employees As of 2018, there are 880 game producers and publishers in South Korea. It is estimated that there are 11,801 Internet cafes and 676 arcade game halls in the game circulation industry. In 2018, there were 85,492 people engaged in the game industry, an increase of 4.3% over 2017 (81932). The number of employees in the game production and development industry is 37,035, accounting for 43.3% of the total number of employees in the game industry. The number of employees in the game circulation industry is 48,457, accounting for 56.7% of the total number of employees in the game industry. In 2018, the number of employees in the game production and publishing industry increased by 6.8% year-on-year to 37035. The number of employees in the game production and development industry has increased on all game platforms, and the number of employees in mobile games, console games, and arcade games has increased by more than 10% year-on-year. However, the number of PC game employees only increased by 0.4% year-on-year. The number of employees in the game circulation industry (Internet cafes, arcade game halls) increased by 2.5% year-on-year to 48,457. Among them, the number of employees in Internet cafes increased by 3.2%, but the number of employees in arcade game halls decreased by 15.1%.

In 2018, the global game market grew by 7.1% year-on-year In 2018, the global game market grew by 7.1% year-on-year to reach US$178.368 billion. All categories including PC, mobile, console, and arcade grew year-on-year. In particular, the mobile game market grew by 10.0% year-on-year, and the console game market grew by 8.5% year-on-year, driving the development of the entire game industry. Following 2017, mobile gaming platforms also accounted for the largest share of the global gaming market in 2018. The scale of the mobile game market reached 63.884 billion US dollars, accounting for 35.8% of the total game market. It is closely followed by console games with a market share of 27.5% and a market size of 45.968 billion US dollars. PC game sales revenue was 32.807 billion U.S. dollars, with a market share of 18.4%. The sales of arcade games are 32.709 billion US dollars, with a market share of 18.3%. It is expected that the sales of the global game market will continue to be concentrated in mobile games in the future, and the market share will reach 39.0% by 2021. Affected by this, the proportion of sales of PC, console games, and arcade games is expected to decrease from 2018. In terms of regions, it is expected that in 2021, the proportions of Asia and South America will increase compared to 2018, and the proportions of North America and Europe will decrease compared with 2018. However, the degree of change will not be too great. It is estimated that in 2021, the share of Asia will increase by 0.4% from 2018 to 21.5%; the share of South America will increase by 0.3% from 2018 to 2.2%; the share of North America will drop by 0.3% from 2018 to 22.3%; the share of Europe will be 22.3% In 2018, it decreased by 0.3% to 48.1%.

2. Game user characteristics Game user ratio According to a survey conducted with ordinary people aged 10 to 65 (n=3037), 65.7% of them have played games after June 2018. Among those who have played games (n=1995), the ones who have played "mobile games" (90.0%) are the most. Then, they are "PC game" (64.1%), "host game" (20.3%), and "arcade game" (11.9%). At the same time, 98.7% of those who have played games (n=1995) use the Internet in ordinary times. When game users go online for purposes other than work and study, the devices they use are "smart phones" (97.1%), "desktops" (66.9%), "notebooks and netbooks" (48.9%) and so on.

29.8% of people answered "yes" to the question "whether to go to Internet cafes more than once a week" for game users. On average, the rate of men going to Internet cafes more than once a week is higher than that of women, with the most people under 30 years old. Among users who went to Internet cafes more than once a week on average, users who answered that they mainly played games in Internet cafes (n=576) asked the reasons for playing games in Internet cafes. As a result, the answer "to get along well with friends or colleagues" (first place: 31.5%, first place + second place: 54.5%) was the highest. However, male users have the highest rate of answering "to get along well with friends or colleagues", while female users have the highest rate of answering "due to high computer configuration (performance)". User ratio of each gaming platform 1. PC games Among the survey respondents aged 10 to 65, the proportion of users who have recently played PC games (after June 2018) is 42.1%, which is 2.1% higher than the 2018 survey (40.0%). In terms of gender, the ratio of men is much higher than that of women; in terms of age, the ratio of users under 40 is relatively higher.

2. Mobile games Among the survey respondents, more than half (59.0%) have played mobile games recently, which is basically the same as the 2018 survey results (59.3%). In terms of gender, there is not much difference in the ratio of male and female users; in terms of age, the ratio of users under 40 is relatively higher than that of users over 40.

3. Console game The user ratio of console games is 13.3%. That is, among the survey respondents, one in ten is a console game user. This is an increase of 2.9% over 2018. In terms of gender, the ratio of male users is higher than that of female users; in terms of age, the ratio of users aged 20-29 and 30-39 is relatively higher than other age groups.

4. Arcade games Among the survey respondents, 7.8% answered that they have played arcade games recently, which is basically the same as the 2018 survey results (7.1%). In terms of gender, there is not much difference in the ratio of male and female users; in terms of age, the ratio of users under 40 is relatively higher than that of users over 40, especially those between 20 and 29.

5. Virtual reality games The proportion of users who have played virtual reality (VR) games is 5.8%, which is basically the same as the 2018 survey results (5.7%). In terms of gender, there is not much difference in the ratio of male and female users; in terms of age, the ratio of users between 20 and 49 is relatively higher than that of other age groups.

3. Expected South Korea in 2019 The size of the game market will continue to grow In 2019, the size of South Korea's game market is expected to grow by 5.1% compared with 2018, reaching 15,017.2 billion won (approximately 12.98 billion US dollars). Although all game platforms in the game production and distribution industry and the game circulation industry predict that the overall industry scale will grow, the growth rate will slow down. Judging from the situation at the time of the forecast, it is estimated that there will be no special expectation or change. However, due to changes in the market, these forecasts may change. In 2019, the size of the PC game market is expected to grow 3.4% over 2018, reaching 5,192.9 billion won. Although the status of PC games in the Korean game industry is far lower than before, judging from the popularity of PlayerUnknown's Battlegrounds or Lost Ark, as long as they can develop fun games, there are still many PC game users. However, the current PC game market is mainly dominated by a few well-known games. If these games experience user separation, the market size will shrink again. In particular, if there are no new popular games by 2021, when PlayerUnknown's Battlegrounds has been on the market for more than three years, the size of the PC game market is likely to return to a downward trend. In addition, Internet cafes are expected to increase and decrease in line with the development trend of PC games. The mobile game market is expected to continue its growth momentum, but the growth rate will be much lower than before. In 2019, the size of the mobile game market is expected to grow by 6.4% year-on-year, reaching 7072.4 billion won. The sales revenue of the popular "Lineage 2 Revolution" or "Lineage 2 Revolution" or "Lineage M" in the past is gradually turning into a decreasing trend. The game industry has reservations about whether there will be new popular games that can restore the aforementioned decreasing trend. The highly anticipated "Lineage 2M (Lineage 2M)" is also considered to be less influential than expected due to the overlap with the user layer of "Lineage 2: Oath" or "Lineage M" that shares IP. Taking these prospects into account, it is expected that the mobile game market will temporarily maintain single-digit growth.

In 2019, 100 schools of open public chain Dapp ecology contend, what is the development status of DeFi, NFT and blockchain games? DappReview provides insights into the DApp market based on information and looks forward to the 2020 industry prospects.

DApp (Decentralized App), that's, decentralized application, may be the most essential area of the large-level implementation of blockchain technologies. Additionally it is a significant indicator for analyzing the degree of use of a open public chain and infrastructure. DappReview has already been focused on digging in information for the Provide important insights and market trend evaluation. We compiled this year's observations and reflections into this "2019 Blockchain App Market Document". This annual survey will concentrate on the next aspects:

* The development position of each open public chain DApp ecology * Observation and evaluation of hot spots such as DeFi, NFT, and blockchain games *Industry insights predicated on information and 2020 outlook full year summary. In 2019, the complete DApp industry continued to flourish. DappReview additional 1,955 DApps over summer and winter, bringing the total number of DApps to 4,087, and the total on-chain deal quantity for the entire year reached 236 One hundred million U.S. dollars. When it comes to user scale, although it is far from being weighed against centralized programs, the DApp market still has gained a certain amount of incremental users if compared vertically. More and more teams and people possess entered the overall game, bringing new bloodstream to the. In the past 12 months, the DApp market has seen a number of breakthrough improvements in the areas of financing, NFT, and games.

As the first large-level application of smart contract platform, Ethereum's leading position in the DApp industry is still difficult to shake. In 2018, TRON and EOS, which released their mainnets in succession, also maintained a good momentum of development. At present, the transaction level of these three open public chains makes up about a lot more than 98.55% of the DApp market place, forming an oligopoly. Starting in 2019, a number of newly launched open public chains possess successively developed the DApp ecosystem. In addition to Ethereum, TRON, and EOS, DappReview also tracked another 9 open public chains, which contributed a complete of 354 DApps. This report will concentrate on the three major DApp ecosystems of Ethereum, TRON, and EOS. The remaining public chains are fairly small and make an effort to highlight the key points.

In the initial 1 / 2 of 2019, the transaction volume on TRON and EOS was mainly contributed by lottery and chance DApps. As the market gets colder in the second fifty percent of the entire year, numerous users have much less speculative desires, and a single ecology has led to a continuing decline in the DApp deal volume on both primary chains. In early 2019, DeFi began to become the main worth manifestation on the Ethereum system. Relying on a number of projects constructed around DAI, Ethereum ushered in the explosion of DeFi. In the event that you count the deal level of ERC-20 tokens, the annual DApp transaction level of Ethereum has already reached 12.8 billion USD, which exceeds the sum of the EOS (6.1 billion USD) and TRON (4.4 billion USD). Ethereum Ethereum has the most diversified DApp ecosystem and contains always been the most well-liked DApp development platform for designers. Of the two 2,146 Ethereum DApps contained in DappReview, 1,223 are still active in 2019.

From the perspective of the distribution of DApp categories and the distribution of daily active users, Ethereum has fully demonstrated its ecological diversity. Among them, game users accounted for probably the most, accounting for 46.5%, and decentralized exchange (deal) users ranked second, accounting for 20.9%. Risky DApps are special, and the number of players isn't stable. With the increase and collapse of DApps, drastic fluctuations will happen in a short period of period. Take Fairwin as an example. During the active period of the task, a lot more than 3,000 gamers participated each day. After the crash, the users only had solitary digits. Furthermore, its game mechanism has also directed to a substantial increase in Ethereum's gas charge, which indirectly affected the active number of additional DApp users. The decline in the number of Ethereum users in September had been due to Fairwin. Even though number of economic DApps is small, the value of every transaction is quite high.

In 2019, the total transaction level of Ethereum was approximately People$12.8 billion, and the transaction level of DeFi type (deal + financial) programs accounted for a lot more than 90%. Among them, investing DApp and economic DApp contributed 61.05% and 29.98% of the transaction volume respectively. Even though game DApp has the almost all users, its transaction volume isn't high. Associated with that, on the main one hand, not every deal in the overall game requires asset transfer; however, many game assets exist in the form of NFT, and NFT transactions are mainly on decentralized exchanges like Opensea Instead of doing it in the overall game. Games have always been regarded as one of the best landing scenarios for blockchain. After the great success of CryptoKitties, increasingly more designers and game groups entered the overall game, trying to make more interesting efforts in the overall game sector. In 2019, many excellent blockchain game groups earned the favor of funds:

Many of these groups use Ethereum as the main position for blockchain game development. How should the game be integrated with the blockchain? The answers given by the development team aren't all the same. Some teams choose to place the game's gameplay mechanism on the chain and interact with users in the form of smart agreements, such as CryptoKitties, Axie Infinity, MyCryptoHero, etc. Under this scheme, limited by the functionality of Ethereum and the threshold of the blockchain, the user experience is bad weighed against traditional games, and only users acquainted with the blockchain can easily get started. To be able to assure the smooth connection with the overall game, other game teams usually just put the assets in the overall game on the chain in the form of NFT (Non-Fungible Token), and the core gameplay rules of the overall game are all placed off-chain. Such as for example GodsUnchained, SkyWeaver, etc.

In November this past year, GodsUnchained, which have been pre-sold for more than a year, finally issued ERC-721 tokens for cards to gamers, and then opened the card trading market. By the end of the entire year, a complete of 203,000 card transactions had happened, with a transaction level of 1.03 million US bucks. The first two weeks of the starting of cards trading were the peak investing period, and it began to decline and did not rebound until the end of December. Both mythical cards Atlas and Prometheus were auctioned on Opensea for 210 ETH and 235 ETH on December 8 and December 10, respectively. After more than a year of development, the entire quality of blockchain games has been considerably improved. Probably the most direct manifestation is that we now have increasingly more cross-platform games. In 2018, virtually all DApps just had a internet edition, and in 2019, the number of game DApps that released native mobile programs began to increase. Many teams also have launched computer client variations, and blockchain games represented by Lighting Trail Rush have actually logged on to the Steam game platform.

Most web-based blockchain games are limited by role-playing, card, collection and other types, as the forms of blockchain games on cellular and personal computer terminals tend to be more abundant, including first-person shooting, real-time technique, role-playing, and massively multiplayer online , Racing, fighting and other game varieties. Weighed against page games, terminal games possess obvious advantages, such as fast speed, high display quality, and different gameplay. Later on, terminal games with integrated blockchain would be the common trend, and within a few yrs we are more likely to witness the arrival of an AAA-level blockchain game. Games such as NFT CryptoKitties and GodsUnchained use NFT issued based on the ERC-721 regular. On June 18 this past year, ERC-1155 proposed by Enjin formally became the official Ethereum token regular. This regular has many brand-new features and is more desirable for game props from the design perspective. For instance, users can pack multiple Tokens, and send multiple Tokens to one or more recipients through only 1 transaction, which can effectively reduce Fuel fees. A far more interesting mechanism is that when casting NFT (or FT), ENJ tokens could be pledged to inject intrinsic worth (or production cost) into NFT. ENJ tokens are equal to raw components, just like we forge a knife. Additionally it is inseparable from metallic.

DappReview believes that the primary worth of NFT comes from the worthiness of its use scenarios and the superior brought by brand name endorsement. The many advantages that the blockchain gives to NFTs, such as immutability, real possession, etc., are just the inherent features of NFTs. The value of NFT = intrinsic value + usage scenario value + brand premium + blockchain empowerment value Currently, there are a lot more than 48 million FTs and NFTs minted with ENJ, and a complete greater than 9 million ENJ tokens (worth 700,000 US dollars) have already been locked.

It is value mentioning that inside December this past year, Binance issued a number of limited collection NFTs predicated on ERC-1155, which has become the most actively traded asset recently. The locked ENJ tokens of the NFTs are just 0.5 ENJ, however the average deal price is between 100-200 US dollars, and even reaches 20,000 ENJ (about 1570 US dollars). It can be seen that Binance's brand superior and scarcity possess brought its NFT A solid price support. High-risk-Fairwin high-risk DApps have always been a sensitive subject in the industry, including various types of money. But we must admit that group of DApp has always maintained a higher level of consumer engagement, where gamers dancing with greed and dread. Taking Fairwin as an example, this is a clear Ponzi scheme. However, before its crash, a complete of 19,208 addresses participated in the overall game, with a complete transaction level of a lot more than 690,000 ETH, and contributed almost 9,000 ETH to the Ethereum gas fee.

The objective of almost all users taking part in Fairwin would be to speculate so that they can earn much more tokens, but what is the specific result?

* 8,316 addresses have positive income, having an average return rate of 12.94%, and the average earning of 8.32ETH * 10,129 addresses have adverse returns, having an average return rate of -47.59% and the average lack of 9.57ETH * 763 addresses did not lose or earn, and just recovered the principal. The project developer charged a 4% handling charge, with a complete profit of ** 27,785** ETH. This part of DeFi is supplied by Binance Research Institute (Etienne), which began to output a number of comprehensive and insightful reports on decentralized finance in June this past year ("DeFi Series").

The following content is from the third report, discussing the most recent advancements and important narratives in the DeFi field. For the full edition of the survey, please read the Binance Research survey. DeFi includes (decentralized) transaction services and financial programs, such as lending markets, asset management services and payment options. In 2019, the cost of ETH fluctuated between People$100 and People$350, with a median price of People$173. So far, irrespective of its price, almost all decentralized economic ecosystems are built on Ethereum.

However, there exists a large difference between your number of users of financial programs (such as lending systems) and transaction services (ie, token-to-token investing platforms). In January 2019, the number of month to month independent users of decentralized exchanges was 34,244, and the number of economic applications was 4,649. The amount of users of decentralized exchanges has increased, reaching a peak of 48,934 in August 2019, and falling back to the initial level with 34,033 users in December. On the other hand, since January, the number of users of economic applications has been increasing. The regular monthly users in August exceeded 10,000. In December, there have been 25,925 users of decentralized economic programs on Ethereum.

The amount of users of the decentralized exchange "2.0" in addition has increased. Uniswap is used by 19,000 users and the total annual deal volume is 390 million US bucks. Similarly, Kyber is used by a lot more than 35,000 users and contains an annual deal level of $387 million. This chart represents all on-chain activity, which might include some not fully decentralized exchanges (such as IDEX). As proven in the body above, a lot more than 90% of most on-chain transactions of Ethereum-structured DApps come from DeFi-related programs: From a user viewpoint, DeFi has already been the development driver of Ethereum in 2019. In a nutshell, Ethereum and DeFi have become "two-headed monsters", leading their more development. Although DeFi represents just a small area of the crypto industry, it really is one of the most dynamic areas.

In 2019, the common daily exclusive users of the Ethereum-based DeFi platform were 3,456.

The amount of active projects (defined as projects with an increase of than 50 unique users per day) has almost doubled in 2019. However, the absolute amount is still small, with less than 20 projects. Furthermore, in the crypto world, DeFi is still small. For instance, the total worth of security locked in staking items is a lot higher, about $6 billion, which is a lot more than five times greater than the total value of security in DeFi. Finally, the scale of DeFi is still negligible compared to the (traditional) fixed income market. The newest estimate of the total size of your debt market in 2019 is around US$250 trillion. In the usa alone, consumer loans in 2019 are estimated to be around US$1.6 trillion. In 2020, we expect that the Ethereum platform DeFi will have several trends:

* Maker's dominance will end: We expect Compound to have the opportunity to surpass Maker when it comes to transaction quantity and lock-up quantity. Synthetix could also pose a challenge to Maker, because it has strong flexibility in synthesizing assets. However, Synthetix also has a concealed danger, that's, the liquidity of its primary security SNX is worrying. On the other hand, Maker's collateral (ETH and BAT) has better liquidity. * Maker's DSR integration: Although MakerDAO's dominance could be challenged, it'll be the backbone of the DeFi industry. After a major up-date at the end of the entire year, Maker brought DSR (Dai Savings Price) integration and multi-security Dai. ETH and BAT grew to become the initial mortgage assets of multi-security Dai. At the same time, DSR could become one of the most essential interest rates in the DeFi industry. For instance, Fulcrum has integrated DSR into its platform, and exchanges that assistance Dai investing pairs will also integrate this interest into its platform. * Borrowing solutions apart from over-collateralization: As we mentioned inside the initial DeFi survey, over-collateralization does not help those who do not have a bank-account. So we have been discussing some early solutions apart from over-collateralization. They consist of: social fund recovery, credit scoring program, zero identification certificate, credit market DAO and so forth. We also expect that one day DeFi projects could be like bank cards, allowing users to borrow anticipated future money flows as claims. Sablier, an experiment on Ethereum that uses wise contracts to immediately pay wages, can pave the way for related devoted agreements. At the start of 2020, Aave (LEND) will migrate its lending market to the main network and launch a fresh lending product that will not need over-collateralization-Flash Loans. * More DeFi derivatives will be born on the Ethereum mainnet: the Convexity protocol and some other systems (such as the UMA protocol) will bring more investing opportunities in the DeFi industry. But from the perspective of choice underwriters, many people are also worried about risk handle and rewards. Not to mention that there are synthetic assets like SwanDai that monitor the purchase price deviation between DAI and the anchor price (one dollar) within an index form, which will also be released on the mainnet. * USDT: With the large-level migration of USDT to the Ethereum platform, it could be anticipated that USDT will be built-into various DeFis soon. USDT has recently appeared in Compound's "next supported currency" vote. * Increase in one-stop systems: Systems such as Zerion and InstaDApp are committed to decreasing the barriers to use of DeFi by creating a one-cease DeFi platform, and integrate several Defi platforms under the same UI. At the same time, protocol aggregators such as DeFiZap and Dex.ag will also attract some users because they allow users to business with the lowest gas charge, and because they integrate multiple platforms, users can easily place eggs in different Inside the basket. TRON uses "Las Vegas on the Blockchain" to spell it out the TRON DApp ecosystem in 2019 as the utmost appropriate one. Eight of the top ten TRON DApps in deal volume are lottery DApps. In 2019, the total transaction level of TRON DApp had been 4.4 billion U.S. dollars, which lottery DApp contributed 3.99 billion U.S. dollars. No matter when it comes to stream, gameplay or game expertise, the lottery DApp on TRON has recently created a crushing development on additional chains.

From the number of active DApps in different categories, it could be seen that danger and lottery DApps take into account a higher proportion. At the amount of the number of users, an average of 60.81% of users use lottery DApps each day. Many lottery DApps will issue dividend tokens (talked about later on). These tokens are mainly traded on decentralized exchanges, which to a certain extent also drives the development of investing DApp users. The common daily active users of investing DApp accounted for 10.93%. The development momentum of game DApps is fairly gradual, and the number of daily energetic users has steadily declined since the second 1 / 2 of the entire year, accounting for just 11.36%. There were two outbreaks of high-danger DApps on the TRON platform. One had been from March to April. A lot of high-danger DApps appeared during this period. The other had been in the fourth quarter. The arrival of Tronhive triggered another Wave climax.

When it comes to transaction volume, lottery DApps once again demonstrated their dominance, accounting for 90.39%. Trading DApp accounted for 8.27%. Wink, the lucky pull and dividend token, may be the most successful and profitable lottery DApp inside 2019, having an annual deal level of US$2.8 billion. On the Wink platform, games such as Live and Online poker aren't decentralized games predicated on smart agreements. The info on the chain can only just count the deposit and withdrawal of users using encrypted currencies, and the quantity of betting isn't counted. Thus, its actual cumulative betting quantity is much greater than this figure.

TRONbet, the predecessor of Wink, completed the brand upgrade when it was listed on Binance for IEO inside July this past year. The original game mining token ANTE had been also upgraded to WIN token. In the nine several weeks before IEO, TRONbet has distributed 1.7 billion TRON to users cumulatively, and the accumulated deal volume has exceeded 100 billion TRON, which is comparative to the total token supply of the TRON platform. Next, let's chat a little concerning the dividend tokens of lottery DApps. Many lottery DApps airdrop tokens to gamers in the form of "game is mining". The amount of tokens attained is often dependant on the player's betting amount, such as 1 game token for every 100 TRX bet. By holding and locking these tokens, users will receive the to dividends, that's, the lottery platform will frequently distribute part of their revenue to all token holders. This design has attracted many non-lottery users to earn revenue by "mining" game tokens. Every lottery mining token has a certain mining cost: Theoretical mining cost = bet amount * banker advantage / number of mined tokens Consumer dividend amount = platform income * dividend ratio / total locked tokens * consumer locked amount From the perspective of mathematical expectation, users continue to bet at the same bet amount. So long as the number of times is sufficient, the mining cost will gradually approach the theoretical mining cost. The quantity of dividends will vary with the changes in platform income. As more and more tokens are mined, everyone's talk about of dividends will also be diluted.

Token financial design has always played a significant role inside the blockchain, and the same holds true for lottery DApps. Because of an unreasonable lock-up design, 888TRON experienced a cliff crash after placing an astonishing record of 3.6 billion Trx transactions within a day (approximately People$82 million, which is also the best single-day deal volume in DApp history) on March 16 this past year. The primary design flaw is that there is absolutely no token unfreezing period, that's, users can mortgage tokens to participate in dividends anytime, and unfreeze tokens anytime.

Wise speculators discovered the arbitrage room, bought tokens from the secondary market for pledge before the dividend period, and quickly unfrozen and sold the tokens after receiving the dividend. A lot of promoting orders appeared in a short period of period, making the cost of tokens in the secondary market much lower compared to the cost of mining. For miners, it is best to buy tokens directly rather than mining. And without anyone playing games and mining, dividends are challenging to keep up, making the overall game tokens no more appealing, and the complete game economic mechanism quickly collapsed. However, the Russian team did not quit. By optimizing the overall game mechanism, introducing brand-new games, redesigning the UI, and some promotional activities, it got half of a year to steadily rejuvenate the overall game, which is really rare. In the second half of this past year, high-quality lottery DApps on the TRON platform emerged one after another. Many conventional centralized lottery systems began to check the blockchain lottery, and produced TRON the initial choice. A new era of lottery DApp represented by Betfury and RocketGame has repeatedly earned the first put on the lottery listing. TRON ecological layout There were many criticisms in relation to TRON and its own founder Justin Sun. Unlike the technology-driven open public chain like Ethereum, TRON is similar to a open public chain powered by marketing and advertising and commerce. Justin Sunlight is quite radical in acquisition and ecological design. After the profitable acquisition of Bittorrent in 2018, the design continued in 2019:

* USDT, a People dollar stablecoin predicated on TRC20, was launched in April this past year and contains now issued 916 million USDT. On the other hand, ERC-USDT was released about 16 several weeks sooner than TRC-USDT, and the existing overall circulation is approximately 2.29 billion. * Invest in the EOS Knights development team Biscuit, the leading blockchain game inside the EOS ecosystem. The team's brand-new game Knight Tale will no longer assistance EOS and will be released on Ethereum, TRON and Klaytn. * Invest in Poloniex and integrate its decentralized exchange TRX.Market under the Poloniex brand. * Samsung's blockchain mobile phone built-in wallet provides assistance for TRON. * Acquisition of the decentralized live broadcast platform Dlive. There is absolutely no doubt that these capital procedures have demonstrated Justin Sun's ambition and execution capability. Can Justin Sunlight continue to invest in excellent DApp groups by integrating the traffic of BitTorrent and Dlive in his hands to make the TRON DApp ecosystem more diversified? We will wait and see. In addition, it really is reported that the February 2020 TRON Developer Conference niTROn is kept in Seoul because TRON will launch news of more in-depth cooperation with Samsung in those days. The performance of EOSEOS throughout 2019 could be said to be "open high and go reduced". At the start of 2019, the lottery DApp on EOS became scorching for some time, also it was "favored" by hackers. In accordance with Chengdu Lian'an statistics, by early December 2019, there have been over 60 standard attacks on the EOS open public chain, with a cumulative lack of thousands of EOS. The first quarter had been a concentrated outbreak time period, mainly due to the security of DApp contract codes. Weakness, in conjunction with the continuous reputation of lottery programs on the EOS open public chain during this period, directed hackers to continually attack the same vulnerability on several DApps. The techniques were mainly deal blocking, rollback deal attacks, counterfeit currency attacks, random amount cracking, etc. . In the last quarter of 2019, after EIDOS went live on November 1st, it almost paralyzed the complete EOS network alone. EIDOS can be an airdrop token contract. Users just need to initiate a move of any quantity (minimum amount 0.0001EOS) with their contract to receive an airdrop prize. Under this mechanism, numerous users frantically initiate transactions with EIDOS, generating EIDOS tokens at almost no cost. Some huge households possess leased huge assets to initiate transactions through scripts to contact several accounts. Some wallets and exchanges actually released "EIDOS "Mining Machine" is specifically for users to stalk wool.

After the launch of EIDOS, an average of 1.69 million transactions were generated each day, accounting for 50.64% of the transactions of the complete primary network, which directly caused the cost of EOS primary network resources to soar. In case a user wants to initiate a typical token move, he must 1st mortgage 30 EOS to acquire resources. That is undoubtedly an irony to EOS, which as soon as advertised zero deal fees. The mainnet jam has seriously affected the user connection with other DApps. Despite having the new top features of EOS1.8, the DApp team can pay for resources on behalf of users, but this is of no get, because most groups cannot afford to face high network costs. Several best DApps have left the EOS platform one after another, which includes EOSKnight, the blockchain game with the biggest number of users, and EOSBet, the favorite EOS veteran fortunate attract DApp. EOSBet released a statement in November this past year, announcing the upgrade of the brand name to EarnBet. At the same time, the team expressed their frustration with the EOS mainnet position. They think that this is neither a REX algorithm issue nor a good contract issue, but an EOS governance issue.

With regards to the daily typical number of users, the lottery category and other types of DApp have always been difficult to distinguish between each other, accounting for approximately 40%. Other categories include the once popular DApp Hashbaby and many tool-based applications. However, after November, with the launch of EIDOS, the common number of daily users of the two types of DApps dropped sharply, and had been surpassed by game DApps with stable performance over summer and winter at the end of December. It is because lottery and other DApps possess a lot of bot accounts and wool accounts. With EIDOS causing system blockage, the price of using these accounts has risen sharply, making it challenging to sustain the swiping habits. Most game DApp users are real gamers. To be able to cope with system congestion, some game DApps have begun to cover resource fees for gamers to make sure their normal use.

From the perspective of transaction volume, lottery DApps were the main force of EOS in the initial half of the entire year, and showed a downward trend in the second half, accounting for 64.6% of the total. Like the TRON ecosystem, most of these lottery DApps possess their very own dividend tokens, which also drives the investing volume of the leading decentralized exchanges WhaleEx and Newdex, which accounted for 32.1%. Games In 2019, many excellent game DApps emerged inside the EOS ecosystem, most of which are based on native mobile apps. These games will contact the blockchain wallet app through depplink to complete the deal signature. If the overall game involves frequent on-chain interactions, it'll jump backwards and forwards between your two programs, and the user experience will be significantly reduced. However, the picture improvement brought by native App is greater than that of H5 web games, and the smoothness and working connection with the game are also more pleasant than DApp browsers. Unfortunately, due to the review policies of the App Store and Google Have fun with, it is difficult for most native apps predicated on blockchain to be reviewed and shown and can't be distributed in the app store.

There are various blockchain games with daily activity exceeding 1,000 in the EOS ecosystem, such as EOS Knight, EOS Three Kingdoms, and Prospectors. As the first real game DApp on the EOS mainnet, EOS Knight created almost 7,000 day to day activities at its peak in early 2019. EOS Three Kingdoms borrowed the gameplay of EOS Knights, and additional on-chain tokens on this basis to improve consumer participation, and efficiently controlled inflation through in-game numerical design. It found the top and became the overall game DApp with active users in the second half of this past year. However, these excellent blockchain games still need to face a cruel actuality: the EIDOS airdrop will continue for 15 several weeks. The EOS mainnet congestion could be difficult to resolve in the short term. The prevailing users are steadily losing and there are no new users. How will Block.one particular solve the dilemma? Furthermore, Block.one announced inside June this past year that it would launch a fresh social media DApp-Voice. The purchase of the tone of voice.com domain name alone cost 30 million US bucks. This shows just how much Block.one attaches importance to this DApp. It really is formally announced that the beta edition will be released on Valentine's Day on February 14 this year, and the complete neighborhood is looking forward to it. IOSTIOST is a high-performance open public chain based on the PoB (Proof Confidence) consensus mechanism. The main network was launched on February 25, 2019. Until now, 43 DApps have already been released on the IOST mainnet, which game and lottery are the main types.

iPirates happens to be the biggest lottery DApp with the biggest transaction volume, having an average regular transaction level of 100 million IOST (210,000 US bucks). Prior to this, the DApp with the biggest transaction quantity and the biggest number of users was IOSTPlay, however the game's server had been hacked in November this past year and had been forced to turn off. Encrypted Three Kingdoms and Monster Planet are the two most popular game DApps on IOST. STEEMSteem is a high tps open public chain. The underlying architecture is equivalent to BitShares, and it also uses graphene technologies. In 2019, the most popular DApps on the platform are Steemit and Steem Monster.

Steemit is a decentralized content platform. As the 1st DApp on Steem, it has usually had many loyal users. However, from the data viewpoint, the number of users demonstrated a downward development in 2019, with 5,000 day to day activities at the beginning of the entire year and just 2,000 at the end of the entire year. Steem Monster is a card game, definitely the No.1 game DApp about the Steem platform last year. The common daily active users are between 3,000-4,000, and consumer retention is high. NEONEO can be an open system built for the wise economy and something of the initial batch of open public chains. It was established in 2017. In 2019, NEO began to develop the DApp ecosystem. Inside a few months, many excellent blockchain games became a member of the NEO ecosystem to broaden users, which includes Blockchain Cuties, NeoFish and Monster Planet.

Until now, 31 DApps have already been launched about the NEO mainnet, which game DApps have probably the most users. CardMaker and NEOLAND are the only programs with day to day activities exceeding 1,000. As the 1st decentralized cryptocurrency exchange on the NEO blockchain, Switcheo occupies 5.28% of the total transaction volume. ONTONT Ontology System is a brand-new generation of open public fundamental chain & distributed confidence collaboration platform. The main network was launched on June 30, 2018. As of this moment, 55 DApps are working on ONT, which 31 are game DApps.

ONT launched the "Renaissance" event inside April 2019 to encourage designers to build up DApps on ONT. In the next four several weeks, ONT DApp ushered within an explosion, having an average greater than 10,000 daily users and a peak of almost 80,000. However, the "Renaissance" task did not bring substantial development to ONT's DApp ecosystem. After the reputation of the incentive plan faded, ONT's DApp users returned to the amount of 1,000-2,000, mainly relying on HyperSnake and HyperDragons Go. Maintain. It wasn't until November that the MMO game Treasure Land was launched, which injected some new blood into the ONT DApp market. LOOMLOOM System is a multi-chain interoperability platform, launched in early 2018.

There are always a total of 16 DApps about the LOOM Network. As the most representative DApp on the LOOM, CryptoZombies has usually performed relatively stable. Because the chain was launched in August this past year, the overall information of the second 1 / 2 of the chain has been backed by oneself. The cards game Zombies Battlegrounds (later on renamed Retentless), which raised $321,000 on Kickstarter, suffered a difficult delivery following a year . 5 of development. The main person responsible for the overall game has left and the complete project will be open supply Give it back to the community. Currently, LOOM targets Basechain and strives to locate a breakthrough in the DeFi field. In September 2019, LOOM System announced that MakerDAO is just about the first task to support its cross-chain gateway. The stablecoin Dai can cross-chain to TRON and Binance Chain through the LOOM System. Binance has released its verification node on LOOM's Basechain. Soon, users can straight lock opportunities from their Binance accounts and receive rewards. Later on, LOOM System will continue to develop assistance for EOS and Cosmos, and programs to launch pilot task cooperation with the Thai federal government in 2020 to promote the execution of blockchain technologies. TOMOTomoChain provides a treatment for the scalability issue of the Ethereum platform.

There are currently 22 DApps about TOMO. The biggest DApp is TomoMaster, a TomoChain governance DApp. The majority of the staying DApps are lottery. The experience of the DApps ushered in a wave of bursts in the second and third quarters. Because the fourth quarter, they have steadily become unpopular. Currently, the number of DApps with traffic is less than 10, which number is still decreasing. WICCWICC is a Turing-complete smart contract platform.

WaykiChain has launched 20 DApps, mainly games and lottery. However, what really comes with an effect on the development of annual deal volume is a DApp known as "lock-up". This DApp is officially produced by WaykiChain, and WaykiChain traders can secure their Wicc and talk about revenue. In July this past year, the launch of the fortunate pull DApp "Gem Competitors" brought some vitality to the complete ecosystem, and the number of active users as soon as exceeded 6,000. WAVES can be an open application platform oriented to Internet 3.0. The Waves mainnet currently has 24 DApps online, mainly DApps in the lottery group.

The DApp with the biggest transaction volume on Waves is Dice Roller. In August 2019, the Waves team launched the decentralized platform DAppOcean, encouraging designers to create DApp programs. At present, DAppOcean platform has released numerous lottery DApps which includes Dice Roller, Ride on Waves, Coin Flip. Perhaps suffering from the fiery market of Ethereum DeFi, Waves in addition has begun to transform to a DeFi-friendly public chain. The Waves annual conference at the end of this past year was predicated on DeFi. DeFi happens to be the hottest concept in the DApp market, and DappReview also hopes that concept will shine on all major public chains apart from Ethereum. WAXWAX Worldwide Asset Swap is a open public chain that's predicated on EOSIO program code customization and heavily altered according to its needs.

"Did DeFi bring a bull market? " On June 16th, COMP went on the web with an increase of 6000%+, an amazing increase. Everyone in WeChat groups is asking this question.

"Did DeFi bring a bull market? " With the total market value of DeFi reaching 7. 922 billion U. S. dollars and the total value of locked assets reaching 2. 56 billion U. S. dollars, it generally does not make sense to just look at the data, but on June 16, the total market value of DeFi was only significantly more than 2 billion U. S. dollars, and the locked assets were only one. 17 billion U. S. dollars.. How is it going? The price tag on Bitcoin has not moved previously day or two, and the silent market has made many onlookers sad. They originally expected the cost to go up after the halving event, which was unsuccessful. Nevertheless , with the popularity of DeFi, some analysts genuinely believe that DeFi has contributed tremendous value to the current Bitcoin story. Without this support, the price of Bitcoin could be notably below the common of the past 3 months. By 14: 47 on July 13th, the present price of BTC was 9375. 97 USD, with an increase of 2. 06% previously 1 week. What exactly is DeFi? DeFi is the abbreviation of "distributed finance", which usually describes digital assets and financial smart contracts, agreements and decentralized applications (DApps) centered on Ethereum. In short, it is financial pc software built on the blockchain. May be pieced together like Money Legos. Based on ETH, such as for example Compound, Maker, Synthetix, etc ., centered on BTC, EOS is just a small number, such as for example Lighting Network (Lightning Network), EOS REX, etc .

The existing state of prosperity in the DeFi space means that new tokens can be afflicted with boom and bust cycles. For example , Compound's token COMP has a historical most of US$377. 96 and a lowest of US$53. The existing price is US$173. 13, with a decrease of 12. 44% previously 1 week. Compound liquidity mining is an incentive plan made to attract new users (to increase new liquidity) and reward them with governance tokens. This well-designed growth mechanism frequently leads to an unnatural surge in the DeFi market. So far as Compound itself is worried, the total locked assets amounted to 694 million US dollars. As can be seen from the figure below, there's been explosive growth since June 16. ![What does the explosive growth of DeFi give the? ]() Source: DEFI PULSE It could be said that the most popular and fastest growing industry in DeFi is the lending platform. Similar to a bank, users can deposit money and earn interest from other users who borrow their assets. Nevertheless , in this case, the asset is cryptocurrency, and the smart contract connects the lender to the borrower, enforces the loan terms, and distributes interest. And all this happens without the necessity for mutual trust or middleman banks. Moreover, due to the transparency given by blockchain, by reducing middlemen, lenders can earn higher returns and have a clearer understanding of risks. As the value of Bitcoin and Ethereum locked in DeFi increases over time, the transaction method of getting Bitcoin and Ethereum is decreasing. This decline has further boosted the costs of Bitcoin and Ethereum. On the other hand, the cost increase of other cryptocurrencies can be associated with the growth of DeFi. You will find trading pairs for BTC, ETH as well as other cryptocurrencies, which contributes to the prosperity of the complete cryptocurrency market. Some analysts genuinely believe that this connection is Bitcoin and Ethereum prices provide subtle support. Although DeFi has achieved great success previously 3 months, in addition, it brings risks. The flexible nature of cryptocurrency means that the rising digital assets of locked positions will soon reverse. This may have spillover effects on Bitcoin prices.

The escalation in the past year is 3650. 03% The growth of DeFi, as well as driving the costs of other cryptocurrencies, has also achieved considerable benefits.

By 17: 30 on July 13th, some conventional currencies such as for example Bitcoin and Ethereum have fallen by 18. 50% and 10. 76% respectively previously year. On the other hand, DeFi tokens have shown a fantastic escalation in the past year. The highest is LEND, which will be 3650. 03%, SNX is 913. 38%, KNC is 676. 46%, as well as other tokens such as for example BNT, LRC, LINK, ZRX, etc . also have increased in varying degrees and therefore are still rising. LEND, with the best increase, is just a decentralized lending platform. It had been issued in 2017 with an issue price of US$0. 01. In September 2018, it absolutely was renamed from “ETHLend” to “Aave”, which is a Finnish word meaning “ "Ghost", the price of LEND can be as ghostly as a "ghost". Do not look at it's increase of 3650. 03% previously year. For an extended period of amount of time in 2019, it absolutely was 0. 0042 US dollars and the best price was 0. 44 US dollars. 99. 25%, which will be very nearly zero in the eyes of all investors. But in 2010, taking advantage of the “DeFi” trend, it suddenly became popular, and the increase was amazing. So far as the project itself is worried, in-may 2020, Aave introduced asset selection risk evaluation. The diversity of the agreement provides people with the ability to deposit digital assets such as for example LINK and SNX according to their preferences to earn additional borrowing capacity. Additionally , on July 8, Aave announced the launch of a new feature called Credit Delegation, that allows users to provide peer-to-peer loans without collateral requirements. For example , depositors can entrust their personal line of credit. For example , Karen deposits a USDT to Aave and entrusts her personal line of credit to Chad, who are able to withdraw funds such as for example ETH from the Aave agreement. The newest news, Aave Chief Operating Officer Jordan Lazaro Gustave announced, "We will soon announce a new token economic model, that may include liquidity rewards and plans for Lend token pledge rewards”. Source: Non-small

Veteran DeFi tokens such as for example LRC, REN, BNT, NMR, etc . have surged, that has brought joy to the. REN has increased by significantly more than 503. 58% in 2010. Unlike other DeFi tokens, REN is currently listed on the top exchanges Binance and Huobi, with 24h trading level of RMB 24, 930, 700 and RMB 13, 577, 200 respectively. Republic Protocol (REN) is just a protocol for BTC/ETH, BTC/ERC20 and ETH/ERC20 to trade numerous encrypted assets in distributed dark pools. It is the only zone proven to have such distributed encrypted asset dark pool trading technology. Block chain enterprises. In the standard American and European stock markets, dark pool trading accounts for about 10-30% of most trade volume. JPMorgan Chase, Goldman Sachs, Fidelity, Deutsche Bank, Morgan Stanley are among the few brokers with dark pool trading. REN was issued in 2018, and its annual historical price is $0. 16 in 2020. With regards to project dynamics, REN CEO Taiyang stated that Ren has generated a multi-party computing (MPC) protocol, RenVM. The initial use case we recently launched on the mainnet is just a bridge between BTC, BCH, ZEC and ETH. Ren, Synthetix and Curve reach a cooperation. To put it simply, DeFi will collaborate together to make the asset flow more smoothly. Source: Non-small In just one month, the "liquid mining" boom started by Compound has brought different levels of traffic and funds to the, and also brought new gameplay. To a certain degree, DeFi is apparently very "Blockchain", decentralization, distributed finance, etc ., seem to once again allow philosophy behind the blockchain shine.

Technical Editor: Zongen?From the Editorial Department SegmentFault Thinking Document?Pinterest: SegmentFault Plug-ins are what gamers hate probably the most, and their hatred is more than krypton gold. This past year, the plug-ins of the popular online game PlayerUnknown's Battlegrounds were especially rampant, with several plug-ins being combined into nearly every video game. After being conscious of the plug-in issue, Tencent officials suspended nearly 300,000 unlawful accounts in a week, but the phenomenon of opening the overall game in the overall game continues to be only increasing. Actually Blue Hole officials publicly mentioned: "The plug-in designers are too smart to guess their suggestions. I hope they don't really develop plug-ins and go to work straight at the business." It is really dumbfounding. However, the Blue Hole present is actually unattractive to these plug-in producers, just because a plug-in producer with twelve months of experience may earn 5 million yuan per year. Recently, the Taizhou police successfully smashed an extremely large "Group of Legends" plug-in gang and arrested 21 suspects. Among them, the plug-in producer Luo was born in 1997. He's got only a senior high school schooling and taught himself computer at home. In per year, he made more than 5 million yuan from promoting plug-ins. Simply two days before he was caught by the police, Luo just purchased a value-additional one. A Porsche luxury car well worth 1.2 million yuan. Initially, Luo made plug-ins for their own entertainment. Later, he fulfilled Zhong Mou beneath the alias "Bao Ying Ge" on the specialized exchange platform, and a "plug-in group" was established. Associates include plug-in writer Luo, platform tech support team Lu, midstream first-level broker Zhong among others, downstream second-level agents and merchant Xu. The personnel is certainly distributed across 14 provinces and 18 towns, which includes Shandong, Zhejiang, Fujian, and Guangdong, with as much as 52 cell phones, capsules, and 18 computers. However, the ultimate result is certainly that the Skynet is certainly restored without fail. "2019 Tencent Game Security Annual Document"

Just a few days following the over incidents, Tencent Game Security released the "2019 Tencent Game Security Annual Report", which described in detail the evolution of plug-ins and the primary problems faced by security personnel. Key conclusions of the report:

* In 2019, whether it's a PC video game or perhaps a mobile video game, the confrontation with plug-in black items will still maintain a fierce circumstance, and plug-in samples have a particular increase in up-date frequency and overall amount.

* Because the game's assault on external plug-ins becomes a growing number of serious, the high-user profile and vicious plug-in functions in the game continue steadily to decrease, and more low-key and stable non-dominant plug-in functions are gradually presented, which has led to the "getting boss" and "watching perspective" "Escort" and other obscure cheating methods.

* Dajin Studio's dark manufacturing has penetrated more deeply into the action and the cultural scenes of gamers inside and outside the overall game, evolving more dark production profit methods and channels.

* Players actively divulging their account passwords in offline transactions, strength leveling or acquaintance scenarios outside the game have become the core factor causing player account security issues.

* PC video game plug-ins: Work, STG category video game plug-ins take into account 88% of the overall plug-in functions Because the crackdown on explicit plug-ins is becoming a growing number of severe, and the recognition methods have become a growing number of advanced, quite a few evolutions have taken invest game cheating methods. Players have changed from using plug-ins themselves previously to teaming up with open up players to pass the game. Can get plug-in earnings, and can you shouldn't be straight punished for using plug-in. "Bring the boss" phenomenon

"Bring the boss"-refers to gamers (boss) joining the open up team, forming a team with open up players, and rapidly profiting from the video game. In different games, "provide a boss" provides different titles, some are called "trailer", plus some are called "by plane." At the moment, "Bringing a Boss" includes a mature business model, and there is a clear division of labor between plug-in brokers, black manufacturing intermediaries, and plug-in users. Concealed cheating-perspective of viewing the battle

"Viewing perspective" mainly exists in shooting competition games, which identifies just how players cheat through the use of perspective plug-ins to view the overall game on the trumpet. Concealed cheating-"escort" cheating

The "escort" cheating mainly exists in shooting competition games. The "escort" gamers are split into two groups: one team is the "boss" player who has paid the security fee (the primary purpose would be to rating), and another group uses the high position The tuba ("driver") synergy with an open up trumpet ("beater"). Two groups start matching at the same time to boost the likelihood of complementing to the same circular. The "driver" successfully delivered the "beater" into the high-segment match and quit the overall game, then the "beater" was in charge of eliminating other gamers, and the "boss" waited until the final circular to defeat the "beater" and straight became the champion.

The buying price of DeFi tokens is highly volatile, and the valuation could be extremely unreasonable. Binary options can reflect investors' bullish/bearish sentiment on the value of DeFi tokens. Original title: "Science | What is a binary option and what exactly is its use? 》 Published by: Deniz Translation & Proofreading: Min Min & A Jian With great excitement, we will announce a brand new news: The seven-day binary option with COMP token since the underlying asset has become on the web!

Binary options are straightforward and simple to use, so it's a really good financial product for users who wish to speculate on the near future price of assets. In this essay, we will explain what binary options are, what are their uses and how to trade! Binary options can reflect investors' bullish/bearish sentiment on the value of DeFi tokens. What is an alternative? Let's first comprehend the basic concepts. Option is really a kind of financial derivatives. Contract holders do not need to support the underlying asset to savor the chance and reunite brought by the near future price fluctuation of the asset. The principle of options is: an alternative contract allows the client to have the right to buy or sell the underlying asset from the vendor at an agreed price (depending on the type of contract the client holds). Option holders only need to pay a tiny bit of money to make use of future price declines for speculative transactions. For that reason options are a great choice for hedging the risks of spot market transactions (personal purchase/sale of cryptocurrency assets). What are binary options? In conventional financial markets, there are numerous kinds of options to choose from. Like physical delivery options (that is, the underlying asset should be actually bought/sold) and cash delivery options (that is, it's known ahead of time that it will be paid in cash). The possibility income is dependent upon the specific price of the underlying asset when the option expires. The higher/lower the specific price, the higher/lower the counterparty's income. The huge difference between binary options is that the yield curve is steeper. Binary options traders either get all of the margin locked in the possibility contract or lose all of the margin. The winner takes all, there is absolutely no compromise. Which scenarios are suited to binary options? As mentioned above, binary options are straightforward. Binary options are bets placed by participants to predict that the underlying asset will reach a certain price when it expires. Opium has just launched two binary options products and services with COMP tokens since the underlying assets:

* $COMP Binary Call Option @ 250 DAI: If you think the price of COMP token will exceed 250 DAI on the expiration date of the possibility, then buy it; otherwise, sell it.

* $COMP Binary Put Option @ 150 DAI: If you think the price of COMP token will be below 150 DAI on the expiry date of the possibility, then buy it; otherwise, sell it. Professional traders sometimes make reference to binary options as "gambling" for their higher rate of reunite and loss, but binary options certainly are a very powerful tool in the DeFi field! Once we have seen, the volatility of currency prices could be high, and valuations may also be extremely unreasonable-especially when new currencies are issued. Binary options can reflect investors' bullish/bearish sentiment on the value of DeFi tokens. How can Binary Options work? Before explaining how to trade binary options, why don't we comprehend the basic operating principles of binary options. For ease of understanding, let's take the $COMP binary put option @ 150 DAI for example. In the figure, Bob could be the option buyer; Alice could be the seller. Bob pays 15 Dai to Alice, and Alice locks 50 Dai in the contract. If the value of COMP token is 160 Dai when it expires, Bob, who bought the put option (bullish), made a wrong bet and lost money (15 Dai), and Alice made money and certainly will get Return the money you locked. To the contrary, if the value of the COMP token is 140 Dai, Bob could possibly get all of the money locked by Alice (50 Dai), deducting what he paid out, and earn 35 Dai; and Alice loses the corresponding amount. There needs to be a buyer and a seller in a binary option contract. The seller locks some margin in the possibility contract (specifically DAI in this example), after which the client directly pays the vendor to purchase the contract. Option contracts are settled on the Ethereum blockchain, and the margin will be locked before the contract expires. If the option contract expires, the existing price of $COMP will determine the whereabouts of the initially locked margin. As explained above, the yield curve of binary options contracts is quite steep, causing a winner-takes-all situation, as shown in the next figure: The income graph of the binary option contract drawn in line with the above example. The horizontal axis represents the price of $COMP at the expiry date, and the vertical axis represents DAI income Just how to trade binary options? In conventional finance, binary options have a long history, however they have only also been introduced into the DeFi field by Synthetix and have become popular. Although binary options have brought a better user experience, unfortunately there is no binary option with $COMP since the underlying asset. The following point to introduce could be the trading means of the COMP token binary option recently launched by Opium. Exchange, still taking the $COMP binary put option @ 150 DAI for example. Since every option contract features a buyer and a seller, in this example we take the client for example. Step one: Create an order Visit Opium Exchange and click OEX-BPUT-COMP-3JUL-150/50 on the left sidebar to set up an order. Set the purchase price you are ready to pay for the possibility contract and the amount you wish to buy. Step two: Settlement of futures contracts on Ethereum Once your order is successfully created, it could be cancelled anytime before it's matched to the counterparty. After the match is successful, the possibility contract will be settled on the blockchain, and the margin paid by the client and seller will be locked in the contract before the contract expires. Step three: Option contract expires (processed by Opium Exchange) If the option contract expires, the reunite is dependent upon the specific price of $COMP. We have to consider the following two situations:

Virtual World MegaCryptoPolis Releases Its Native MEGA Token

Blockchain-powered strategy game MegaCryptoPolis has released its native token called MEGA. Issued both on Ethereum and Tron, the token will underpin the game’s growing economy.  MEGA Available Through Vault and Liquidity Pools Native tokens are a standard feature of most blockchain-powered games that reach a certain stage of development. Now, the increasingly popular MegaCryptoPolis hasRead More

Chainlink co-founder Sergey Nazarov believes that some oracles ignore the quality of data, the quality of node companies, and the guarantees provided to users by node companies, that might cause a large-scale failure of DeFi. Original title: "DeFi Builders ignores data-related risks, that might cause large-scale failures" Written by: Camila Russo Facts have proved that the way in which blockchain applications obtain data is essential, as the failure of those systems is among the most core of numerous new attacks in DeFi. Sergey Nazarov stated that most activities in the entire blockchain ecosystem currently occur in the aspects of DeFi, insurance and gaming. He's happy to see more and more centralized businesses start to decentralize some of their companies.