What Is Krypton Galaxy Coin (KGC)?
Krypton Galaxy Coin (KGC) is a decentralized token within the game called Krypton Galaxy. The game is developed by Krypton blockchain as a gateway to the blockchain gaming system. The project seeks to create a streamlined ecosystem for the community, fans, and users within the game. Additionally, the project aims to make sure it is not just a system for blockchain games but a system of fun, multiple ways of earning and accumulating KGC tokens.
As per the whitepaper, although the game industry is developing, it has faced various problems mainly concentrated among players and game developers. Some of the issues are: the developers lack credibility, game mechanics and data are not transparent, players don’t own their virtual assets, depreciation in virtual assets, unable to trade game assets, user bonus decreases while user acquisition increases, intense competition, and monopoly pattern in the traditional game industry and many more.
Krypton Galaxy aims to resolve these issues by seeking to offer developers credibility with transparent smart contracts, offer players to own in-game assets, and provide a fair market for opportunities. Furthermore, it seeks to provide more democratic rights to players and increase the liquidity of blockchain game assets, thus reforming the traditional gaming experience.
With the aim to allow developers and users to benefit from the game, its marketplace, and its built-in NFT wallet, Krypton Galaxy introduced the native KGC token. The token is an ERC-20 token and also the platform’s cryptocurrency. With the issuing of the KGC token, developers can seek to benefit from it. Furthermore, the game seeks to reward the holders of the token with an opportunity to participate in the game’s development and acquire NFT assets.
History of Krypton Galaxy Coin (KGC)
Krypton was launched in Q2 of 2018, and the core team members of the platform include Mike Lee, CEO, Tom Guo, CTO, and Cakra Gai, CPO. As per the whitepaper, the platform’s roadmap consists of launching an NFT wallet and trading platform in Q3 of 2018, building the community system, and launching the KGC token by Q1 of 2019 and by Q3–Q4, 2020, combining the in-game governance system with the traditional guild for players.
