Los Angeles–based blockchain-based sulotions for gaming industry developer GameCredits Inc., has announced its GAME token is listed on the popular Chinese cryptocurrency exchange Yuanbao. GAME’s listing on Yuanbao allows it to be traded for the Chinese currency CNY, alongside other cryptocurrencies including Bitcoin, Litecoin, Zcash and more. Thanks to Chinese enthusiasm for gaming and cryptocurrencies, GAME has already reached the top five in highest trading volumes on Yuanbao.
“Yuanbao adding GameCredits to its exchange validates our business model and confirms its growth potential,” said Sergey Sholom, Vice President of Business Development at GameCredits. “Our mission is to help the gaming industry monetize through blockchain technology, and being tradable on reputable exchanges such as Yuanbao is a major stepping stone towards building our ecosystem.”
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GameCredits allows developers to accept GAME to securely purchase in-game items more conveniently than traditional payment alternatives. Developers achieve substantial savings over traditional revenue models, and receive immediate payout of their earnings. They control their economies by promoting and incentivizing GameCredits payment options, and benefit from cross-promotion of other games in the ecosystem. Users can purchase GAME directly within their own GameCredits wallet with USD, Euro, and Bitcoin, as well as on major exchanges including Bittrex and Poloniex.
GameCredits recently announced its integration partnership with the global gaming development company with 12 million users, Datcroft Games Ltd. The first game to integrate GameCredits is Fragoria, the popular web-based, free-to-play multiplayer game, available for play and exchange using GameCredits in early December.