The World’s first blockchain pan entertainment platform.
Key Statistics
Premise
4/5 – Very Good
Bingo will publish the world’s first multilingual and new generation game entertainment platform. Industry leaders like Mob Arts Entertainment and Qtum are some of the companies which will support and develop the platform for both consumers and global content creators.
Bingo will be a decentralized pan entertainment platform, which allows world-class games to run on top of the platform. It is set to be the world’s first blockchain game with interactive gameplay including collection, simulation, multiplayer, and more.
The platform’s selling point is the smart contract technology that will be used to guarantee fairness in the games. Limited games are being developed alongside the platform, and the games can support cryptocurrency payments. Bingo wallets are also set to launch along with the platform, to accommodate the in-game spending options for many holders of cryptocurrencies.
Team
3.5/5 – Good
Bingo consists of different experts from various fields, including the co-founder of Qtum. Another remarkable member is Dr. Ma Zhao, who is better known as the leader of the world-renowned blockchain technology team in Beijing. His knowledge in the blockchain technology plays a significant role in the development of the platform, as well as the overall progress of the team.
Besides having a world-renowned expert, the platform has industry leaders like Mob Arts Entertainment as its technology consultant. The consultant company is better known as an app developer and publisher, and its track record is impressive with more than 100 million active users and revenues in a year.
Bingo is also in collaboration of with Qtum to launch one of the first cryptocurrency game. The team is composed of talented groups and individuals, because of their shared vision of innovating the cryptocurrency market and integrating it into the gaming industry.
Token
4/5 – Very Good
Bingo plans to release 10 Billion worth of tokens. The distribution plan includes private placements, the team, foundation, and for the internal capital turnover. The foundations aim to invest the tokens in game development, to further the platforms growth and potential. However, the tokens can only be used in the Bingo platform until further notice.
Risk
4/5 – Low Risk
The platform seems to have a lot of potentials, considering how the gaming industry is just about to grow in the succeeding years. This is excellent news for the company, mainly since a lot of their success depends on the performance of the gaming industry.
Bingo has to be, however, careful and selective with the games it chooses to release. They have yet to analyze what type of games are common and widespread among the industry and to publish games common to them. This will play a lot of role in the success of the company, considering how only specific types of games are ever successful.
There also needs to be an analysis of who the market is. Gamers can belong to ages as low as 13, and at this age, they have no appreciation yet of what the cryptocurrency market is. The games that Bingo should develop instead are games appropriate and are of the interests of adults.
Majority of the success of the platform depends upon the success of the gaming industry. Although the company projected that the gaming industry will still be rising, it all remains to be speculation until that time comes. The company should venture into other options, which could also be one of the platforms main selling points.
Summary
3.5/5 – Pretty Good
Bingo is very promising, and its concept is unique. The platform has a great niche market, and with the gaming industry’s success, the platform is off to a great start. The platform is unique and helpful to many gamers as well, which can potentially attract many game developers to adopt the same kind of platform or technology.
Their diverse set of expert team members will play to their advantage in bringing their goal a notch higher. Bingo is setting itself to be the competition all other platforms will fear, especially with the innovative ideas it has to offer.
All Logos and Images property of their respective companies.
Global From Asia ICO Briefing does extremely early-stage research of token offerings. As the project progresses, details may change significantly or completely. Always do your own research and do not invest more than you can afford to lose.
The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.
Reviews
Promising and Unique Content
Leave Your Review
Enjoyed This ICO Review?
Check out more ICO Reviews, our daily ICO listings, or subscribe to keep on top of our abreast of our latest updates