"Welcome to the future of in-game asset liquidity" - engage gametech
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“Welcome to the future of in-game asset liquidity” “
Table of Contents
1. Introduction
2. The Company
3. Industry Challenges - Engage Solutions
4. Market Opportunity
4.1 The Gaming Industry
4.2 Blockchain & Gaming Industry merged
5. Case Study Successes
5.1 Steam
5.2 Fortnite
5.3 Dmarket
5.4 Naga
6. Competitor Matrix
7. The Engage Ecosystem Components
7.1 User Profile
7.2 My Items
7.3 The Vault
7.3.1 Insta-sell
7.3.2 Rent It
7.3.3 Pawn it
7.3.4 Custom Items
7.3.5 Live Auction
7.3.6 Rare, Unique, and Specially sourced in-game items
7.4 The Marketplace
7.4.1 Buy it
7.4.2 Sell it
7.4.3 Trade it
7.4.4 Live Price Index
7.4.5 Massive selection of in-game items for sale
7.5 Engagements
7.5.1 Pink Slips Project
7.5.2 Watch Live
7.5.3 Fantasy league
7.5.4 Leaderboards
7.5.5 Instant prizes
7.5.6 Sponsorships
7.5.7 Mobile games
Table of Contents
8. NGA - The Engage Token
8.1 Multi-Reality Currency
8.2 Use In-Game
8.3 Use In-Store
8.4 Contactless Payment via mobile app
8.5 Industry Backed Currency
8.6 EngageX
9. Why Steem?
10. Token Utility Within the Platform
11. Buying, selling and storing NGA tokens
11.1 Engage Wallet Desktop
11.2 Mobile Wallet
11.3 EngageX
11.4 KYC/AML Procedures
12. Engage Subscription Model
13. The ICO Tokenomics
13.1 Token Specifications
13.2 Tokenomics
13.3 Token Distribution
13.4 Allocation of Funds
13.5 Lockups
14. Roadmap
15. Team
16. Disclaimer
17. References
1 Introduction
The Engage Platform presents an exciting new concept for avid gamers and blockchain
enthusiasts. We will pay gamers to play their favorite online video games! In addition,
Engage will offer a 'one-stop experience' for the trading of in-game assets and digital
currencies. Our technology will put the user in control of the monetization of their gaming
estate.
The virtual market is rapidly expanding and every hour spent gaming leaves players with
virtual stock, however, the 2.5 billion gamers around the world have limited trading
options available for this stock, creating a lucrative opportunity for 'The Engage Platform'
to pioneer this arena.
The synergy between gaming and blockchain development is nothing new. Crypto
innovators have already developed features and functionality while trying to combine both
domains. The most popular implementation of blockchain technology in gaming has been
'non-fungible' assets. These assets can be anything from game skins to tools, with
authenticity guaranteed by using smart contract standards.
With the bridging of blockchain and gaming technologies, users will benefit from full
transparency of in-game transactions, the opportunity to earn while playing, privacy with
encrypted accounts and efficient communication among fellow gamers. The opportunities
emerging in the market right now are truly incredible and the synergy between
blockchain/cryptocurrency and Esports is inevitable.
Our platform will allow members to take part in a variety of in-app events and features
like peer-to-peer battles for prizes and discovering our marketplace where users can;
trade, sell, buy, loan, auction, donate and even pawn their in-game assets.
All these transactions are supported by our 'Engage Token' - a multi-reality
cryptocurrency which can be used both in-game and in real life. Engage Tokens will be
tradeable against other coins/tokens across multiple exchanges as well as our very own
exclusive gaming exchange. Whether it's a limited edition Fortnite skin, a token loan or a
simple cup of coffee, the Engage Token will be instantly available to our members and
their in-game characters.
2 The Company
'Engage Gametech' is a startup registered in Singapore. We specialize in the
development of cutting-edge blockchain technologies that focus on evolving and shaping
the future of online gaming and streaming. The island is home to the world’s second-most
competitive economy as a result of its friendly framework. Singapore’s unique colonial
history and diverse population place it interestingly between Asian, European, and
American cultures.
The Monetary Authority of Singapore (MAS), the central authority responsible for
administering statutes pertaining to the financial sector, has taken several positive steps
towards cryptocurrencies and blockchain technology. MAS has taken an open approach
to categorize digital tokens, namely utility, payment and security tokens.
Singapore with its free market economy, stable socio-political environment, attractive tax
framework is also one of the fastest growing in Asia. This coupled with ease of doing
business, makes it a great platform for founders including the teams that launch their
ICOs.
Why Singapore?
Neutrality, decentralization, and direct democracy
Stable governmental and political system
Economic stronghold
Attractive tax regime
Friendly regulatory and business environment
Proximity and access to global markets
An investment destination
3 Industry Challenges
- Engage Solutions
Challenge 1
Time wasted playing games.
Solution
Monetize the way 'gamers game'. With our platform, users will be able to earn money in
the form of tokens, rewards and content for playing their favorite online video games!
Users will also have the opportunity to link anything they purchase online -via steam or
various other platforms- to our marketplace for the purpose of reselling or trading items.
We intend to create a dynamic 'in-game economy' that rewards every player,
professional or not. All users will receive monetized value for their time spent in-game.
Challenge 2
A lack of quick-cash options in the gaming industry.
Solution
Offer instant loans on gaming assets. The Engage Platform will give users the
opportunity to have their assets held as collateral for a reduced rate of the market value.
Users will have the loan transferred in tokens to their mobile wallet. Once the tokens are
received the user can choose to find liquidity on their holdings on the internal exchange
or send it to a third party exchange for trading.
Example: A user has 5 assets worth $500 and he wishes to instant sell. Assuming
his/her assets are of sufficient value within our set limits, we offer the user $450 worth of
tokens. He accepts the offer and says to repay the tokens in 1 month. If the user fails to
repay us in the agreed upon time frame, Engage will relist the item on the marketplace
to sell at market value to redeem the funds. Interest on that item will be negotiated
between both the user and the platform.
3 Industry Challenges
- Engage Solutions
Challenge 3
No known opportunity for gamers to test their skills against other players
while wagering their goods on the outcome.
Solution
The invention of 'Project Pink Slips'. A feature in which competitors can put their favorite
items 'up for grabs' in a winner-takes-all event. This event could be for both single player
or multiplayer in teams. The only limit to the pink slip challenge system is the number of
items put on the line. Only matching values based on predetermined price bands will be
permitted to proceed with Pink Slips engagements.
Challenge 4
In-game giveaways are often 'below average', resulting in low product
satisfaction.
Solution
Increase player odds and up the rewards. Engage improves a player's odds by
increasing their chances of receiving a rare item by using our platform. Whenever a
player finds a treasure, receives a crate or a free pack during a game, they can send it
over to the Engage Platform and open it there, where users have a greater chance of
retrieving valuable items.
Challenge 5
The amount of time it takes to sell an item through current online
marketplaces. Once an item has been listed on Steam or Dmarket, sellers
can wait days and even weeks to receive funds.
Solution
Instant sell orders. For example, a user has an item worth $5 and has listed the item on
the marketplace but the 'sell order' won't necessarily be completed quickly. Most
marketplaces won't assist users with liquidity on their item in a short period of time -
nothing can be done to speed up the process and enhance the user's experience.
Engage offers a simple and easy instant sell function. Once the item is sold we proceed
to relist in the Engage marketplace for its market price and let the sale commence as it
would have.
3 Industry Challenges
- Engage Solutions
Challenge 6
There is no bridge between virtual gaming currencies, in-game asset
value, and real-world spending money.
Solution
A multi-reality currency. With the fast transaction times between the NGA Engage Token
and fiat currencies, it becomes possible to translate the value of an online item into an
online currency and convert that into real-world fiat currency which can then be spent
via the contactless payment function with the Engage mobile app.
Challenge 7
Dedicated Fantasy League participants don't earn real-world rewards.
Solution
We will build, design and implement new Fantasy Leagues that participants can enter
by token payment. All participants will be rewarded in NGA tokens and virtual prizes.
Example: During the league, participants will be rewarded for all sorts of in-game
achievements such as scoring a hat-trick, penalty saves and more. There are various
criteria, but once achieved by any player a reward will be given. Rewards will vary with
the best teams and performers receiving top prizes. This is a major marketing tool which
is currently overlooked in the gaming industry and will form a part of Engage Platform's
user acquisition strategy.
Challenge 8
Rare digital assets are extremely expensive and inaccessible.
Solution
Introduce a live auction and bidding system. Engage will source or obtain rare items from
crates, marketplaces, creators, streamers, sponsors, and professional gamers to auction
on the Engage platform. To ensure success on the auction surveys will be conducted on
the website and mobile application to gauge interest on popular items and stock. Once a
level of interest has been attained, the most popular items will be selected for the auction.
Bidding prices will begin at a competitive level and will increase in line with the demand
for each item.
3 Industry Challenges
- Engage Solutions
Challenge 9
Hyper-casual and free-to-play mobile games often have little to no
incentive for players and use weak user-retainer strategies.
Solution
The Engage platform will host free-to-play and hyper-casual mobile games with in-game
rewards for players. The players at the top of the scoreboard will receive tokens and
various other prizes for their participation. At first, Engage will develop its own hyper-
casual games and at a later stage begin the implementation of our software into games
such as PUBG mobile, Clash of the Clans and various others. Engage will drive in-game
purchases for these gaming brands and profits from items sold will be given to the
company that has allowed the integration of our software. Once again, players of all levels
will be rewarded for their participation.
4 Market Opportunity
The market for online games is growing at a healthy pace thanks to the growing adoption
of advanced gaming technologies, along with changing entertainment preferences
among consumers, rising income levels, and growing demand for mobile gaming. The
ever-evolving smartphone coupled with fast and stable internet connectivity has led to a
rise in the number of gamers at a rapid pace.
In the past twenty years, the gaming industry has established itself as a significant
contributor to the global economy. Compared to more established entertainment
industries such as film and music, limited market research has been conducted to
address how video and online games have created value for companies and consumers.
Since 2013, there has been $3.3bn of venture capital investment in eSports-related
startups. In 2018 YTD, we have already seen $1.4bn of investment, a nearly 90% y/y
increase from the total amount of funding in 2017. The uptick was largely driven by two
outsized investments, made by Tencent (Gaming Company), in Chinese online video
platforms Douyu and Huya of $630mn and $461mn, respectively. We believe these
investments, in particular, underscore two key trends: 1) the opportunity for live-
streaming to monetize the growth of eSports in a way that few other eSports-related
businesses can, and 2) the popularity of eSports in Asia in particular.
(Goldman Sachs, 2018).
The overall esports market is expected to grow from USD 694.2 million in 2017 and is
expected to reach USD 2,174.8 million by 2023, at a CAGR of 18.61% between 2018
and 2023. The emergence of esports is expected to transform the outlook of the sports
industry. Major revenue streams for esports include media rights; tickets and
merchandise; sponsorships; direct advertisements; and publisher fees. In revenue-
generating streams, sponsorships and advertisements are the major sources of revenue
generation that have witnessed burgeoning demand during the last five years.
(marketsandmarkets, 2018).
Unlike traditional sports, eSports' viewership is solely online, where multiplayer gameplay
takes place and through which the eSports audience consumes media content. In the
coming years, we believe eSports content (particularly live) will consistently grow in value,
not only due to its audience reach but also the engagement it commands, creating a
marketing haven for advertisers to target and captivate a wide demographic.
2500mn
2000mn
1500mn
1000mn
500mn
2017 2018 2019 2020 2021 2022 2023
(eSports market growth)4 Market Opportunity
The industry is characterized by not just growth but also a high degree of innovation and
dynamics. In addition to consoles, video gaming takes place within interactive networks
and on various mobile devices, including smartphones and tablets. users can earn money
from esports carried out in front of crowds and on live TV, or they can spend their money
to buy virtual goods and expansions within games. (Goldman Sachs, 2018).
Whether it's new armour, a legendary hero, exclusive skins or just a pile of crystals - the
availability and transactional value of the virtual goods that a user collects while playing
games is mostly confined to the individual game experience. But what if users had the
means to trade these virtual goods on a secure and global marketplace? It would disrupt
the gaming community and create a worldwide stream of non-stop transactions.
The immense popularity of survival-based games like Fortnite, growing prize pools for
eSports tournaments, the rise of live-streaming, and improving infrastructure for pro
leagues have all paved the way for eSports to reach nearly 300mn viewers by 2022, on
par with NFL viewership today. For game publishers, we believe eSports will not only
help to increase audience reach and engagement but also drive direct revenue through
established leagues. (Goldman Sachs, 2018).
Right now, the eSports industry is at a 'cross-road' with some powerful trends as social
connections are now being formed and maintained online along with the digital
consumption of video and global growth in the gaming audience. Looking ahead, we see
numerous public and private investment opportunities that will benefit greatly from the
structural growth of eSports in terms of audience and monetization, as the requisite
infrastructure is built to transition eSports from the "wild west" of sports to a fully fledged
professional activity.
The Audience
276mn
The estimated size of the eSports audience in 2022E - up from 167mn viewers today who already
outnumber the audiences of the NHL and MLB
58mn
Unique viewers of the 2017 League of Legends finals
125mn
The number of global players for Fortnite, the highest monetizing video game in the world
By leveraging blockchain applications companies are starting to build innovative
business models that not only offer new monetization strategies for their digital assets
but also streamline critical business aspects such as maintaining relationships with
partners and distribution of revenue across the value chain. These developments could
create completely new ecosystems for content creation and consumption.4.1 The Gaming Industry
Video gaming has become much more than a hobby for players around the world - from
professional eSports players to social media influencers with lucrative streaming careers.
Today, there are over 2 billion global gamers worldwide actively buying into the games
that they play. As a result, gamers are spending over $100 billion annually, and the
majority of these sales stems from the purchase of in-game virtual items (Wax.io, 2018).
The console industry is booming, with the ascendant Nintendo Switch joining the fully
mature Xbox One and PS4 while both the PC and mobile gaming world are continuing to
grow at stupendous rates. Revenue streams have opened up in various forms from in-
game and in-app purchases to tournaments, conferences, influencing, gamer tipping,
event/player sponsorship and more.
The prize money earned from games such as League of Legends, CS: GO, DOTA 2 and
Fortnite has greatly surpassed previous years earnings, providing healthy prize pools for
teams and individuals who stand a chance to win up to $24.3 million for first place in
some tournaments. These large numbers have piqued the interest of big brands who've
started throwing astronomical sponsorship budgets at players. These mega cash prizes
have also increased the number of players and the number of viewers catapulting
gaming into the multi-billion dollar industry that it is today.
“Epic Games banked $3 billion in profit this
year mostly thanks to Fortnite”
- pcgamesn.com 2018
Modern eSports has shaped the way see gaming and gamers, taking the
industry from one that was only enjoyed by a small community to a global
phenomenon that allows players to utilise their full potential and skill to
earn a living.
“The 2017 League of Legends world championship, held
in Beijing, drew a peak of over 106 million viewers, over
98% of whom watched from within China. That's roughly
on par with the audience for the 2018 Super Bowl.”
- Chicago Tribune 20184.1 The Gaming Industry
2000
1750
Revenue in Million U.S. Dollars
1650
1488.1
1500
1250 1187.4
1000
906
750
655
493
500
325
250 194
130
0
2012 2014 2015 2016 2017 2018 2019 2020 2021
eSports market revenue worldwide from 2012 to 2021 (in million U.S. dollars)
While viewership is on the rise, there is another place where players and brands are
finding a new revenue stream; advertising through influencers who market to their loyal
and devoted audiences. Online personalities can place brands in front of millions of
viewers in a heartbeat. Advertising is carried out through product placement, brand
mentions, in-game conversations and other creative avenues. This has created a new
ecosystem of game purchasing, in-gaming tipping and product placement and more.
Streaming platform Twitch has even stepped in to provide the viewer with 'DROPS' which
rewards them for their hours spent watching live gamers. The ecosystem is working
tirelessly to provide everyone with the ability to be a part of the rapidly evolving gaming
industry.
With over 2.21 billion ACTIVE gamers out of the Ninja, a professional Fortnite player, generated
estimated 7.6 billion people at this very moment, close to $10 million dollars in revenue through
it’s expected to see an enormously solid rise & viewers streaming his games on YouTube and
increase to over 2.71 billion by 2021. Steam, while big brands sponsorships made up
(WeCP report) close to 30% of that including a whopping donation
of $40,000 from one single person. He confidently
The revenue of the gaming industry has shot from says that in-game tipping is a major industry in
$81.5 billion in 2014 to $137.5 billion in 2018 and itself right now (Forbes, 2018).
could see a staggering rise to $180.1 billion by
2021 while the year of 2018 saw eSports In May 2018 Fortnite & Epic Games announced
enthusiasts and Occasional Viewers total over 500 that they would provide a $100-million-dollar fund
million. (WeCP report) to Fortnite competitions in prize money in 2018 –
- This has created a cult-like following for 2019, which soared past the incredibly huge $38
professional gamers & influencers within this million DOTA 2 attracted in 2017 which shows the
space. level of interest from all areas. (CNBC 2019)4.2 Blockchain & Gaming
Industry Merged
While this industry, from a blockchain perspective, is still in its infancy phase it's already
gaining the interest of major corporations; Sony is looking to use the technology for
ownership records on their PS4 Network, Fortnite is currently exploring blockchain
opportunities while Microsoft is rolling out blockchain products that will be Xbox ready in
the near future. Both industries working side by side will drive mass adoption quicker than
any other industry around.
Blockchain technology & the gaming industry has the potential to drive mass adoption.
Through the use of decentralized networks and non-fungible tokens like the ERC-721-
compliant tokens first created by Axiom Zen’s Crypto Kitties—players can create
characters, vehicles, weapons, and other digital manifestations that they own for life, not
just the shelf life of a game. The technology opens the door for a user’s individualized and
tokenized creations to move seamlessly from one game to another across the
decentralized web—or even to be bought, sold, or traded on second-hand markets
(decryptmedia, 2018).
Crypto gaming dates back to 2013's 'Crypto Hunter' but ultimately it was 'Crypto Kitties'
that took the spotlight in 2017 on the Ethereum platform. 'Crypto Kitties' is much like the
90's Tamagotchi toy in that users must care for, feed and keep their digital pet alive. What
made 'Crypto Kitties' so unique was the ownership and the pedigree being unhackable
which gained the game a lot of confidence from its users. One Crypto Kittie was even sold
for over $170,000.
“To the average computer gamer, many early
blockchain games probably suffer from limited
gameplay. However, the games are changing and
evolving. At the same time, large game developers
are starting to explore the possibilities in
blockchain games.”
- Singulahilarty.com 20184.2 Blockchain & Gaming
Industry Merged
60% 69%
of gamers of devs
said they’d be more say trade flexibility
likely to purchase increases item
digital items if they value
were freely tradable
to others
Developers strongly believe that tradeable, in-game assets will become increasingly
important in future games. More than two-thirds have agreed that the value of these
assets is being managed by unnecessary publisher controls which is a gripe in the
industry right now. Tokenization of user-items and customizable in-game items gives
gamers more control over their virtual assets and creates more value for these items by
being able to buy, sell, loan, rent and trade them in a second-hand digital marketplace.
Tokenization has the potential to revolutionize in-game economies by facilitating
ownership of items. The legitimate trade of items for an in-game currency would also help
to crack down on digital games' 'black markets'.
“Blockchain and crypto-gaming also increase the possibilities for players to be
remunerated for their game-time, as well as their mastery and creativity in game worlds.
This helps blur the traditional borders between developers and gamers.”
Blockchain has what it takes to make these improvements to the gaming sector. This is
how gaming can become the first real adoption point for blockchain, and how this sort of
integration can lead the way for other changes and improvements.
62 percent of respondents to a study by Worldwide Asset exchange said that the ability
to transfer virtual items between games ‘would make spending money on those items
more worth it.’ There could also be new innovations in further incentivizing players to
create content or direct and lead online teams. (WAX.io, 2018)Case Study Successes
Why the need for online Marketplaces?
The trading of digital items is becoming a daily trend amongst gamers. Players want and
need access to buy items from a marketplace and use them. Strict market terms and
conditions are applied. Trading and gifting in-game and in various marketplaces is
allowing the industry to expand as the number of day-to-day trades increases.
5.1 Steam
Company Information
Steam is a digital distribution platform developed by Valve Corporation for purchasing
and playing video games. Steam offers digital rights management, matchmaking servers,
video streaming, and social networking services.
Statistics
• Steam saw an increase in game sales revenue of $800 million in 2017 from $3.5bn to
$4.3bn.
2017 $3.5bn
2018 $4.3bn 1bn 2bn 3bn 4bn 5bn
• Half of that $4.3 billion was generated by just 100 of the 21,000 games available on
Steam. In other words, 0.5% of games accounted for 50% of sales revenue.5.1 Steam
• Topping the list of highest earners was Player Unknown’s Battlegrounds generating
$600 million with 28 million owners on Steam.
• In second-place was Counter-Strike: Global Offensive with $120 million, and Grand
Theft Auto V with $83 million. Of the top 20 games, seven were released before 2017,
including Civilization VI, The Witcher III: Wild Hunt, Rainbow Six Siege, Dark Souls III,
and Rocket League.
• Along with obvious money-spinners such as Call of Duty: World War II - which came in
at fourth with $41 million generated in sales from 840,000 copies owned - were more
surprising entries such as Cuphead at 20 with 1.3 million owners and a sales revenue
of $22 million.
• Data does not include micro transactions, DLC, or in-app purchases. As a result, free -
to - play games and titles with additional in-game monetization are underrepresented &
unaccounted for.
Stats via Steamspy
Steam had over 90 million active monthly users by the end of 2018 and has become the
biggest online gaming portal with 47 million daily users while averaging 1.5 million new
users a month. Steam reportedly has over 30 million registered Chinese gamers with an
average of 11.08% games in their ownership while 34% of their PC based online
purchases come from North America.
90mn
Active Monthly Users
47m
Active Daily Users5.2 Fortnite
Company Information
Fortnite is an online video game first released in 2017 and developed by Epic Games. It
is available as separate software packages having different game modes that otherwise
share the same general gameplay and game engine.
Statistics
• Highest monthly active Fortnite players: 78.3 million (August 2018).
• 70% of players have spent money in game, spending on average $85 - over a third of
these represented first in-app purchases.
• Celebrity player Ninja makes $500,000/month through streaming.
• Ninja and Drake playing together accumulated 635,000 concurrent views on Twitch.
• In May 2018, 8.9 billion minutes of Fortnite were viewed on Twitch.
• Viewership hours for pro-am tournament E3 total 6.1 million, peak concurrent
viewership stands at 2.2 million.
• Epic Games are offering $100 million prize pot for 2018/19 season.
• Highest earning pro Fortnite player Tfue has made $465,000 to date.
• Fortnite brought in $1.2 billion revenue as of June 2018, including $318 million in May
2018.
• Epic Games valued at $15 billion in October 2018, up from $8 billion in July 2018.
(Stats via BusinessOfApps)
$3bn $296mn
Our estimate for total eSports revenue in 2022E, Fortnite’s revenue in April. The game is the most
up from $655mn in 2017. We expect media rights watched title on Twitch, with 1.5X the average
will contribute nearly half of this amount viewership of the 2nd most-watched title5.2 Fortnite
Incentives
$100mn $500k
The prize pool promised for the first year of The monthly income of Ninja, an online personality
Fortnite competitions, nearly the size of the entire who live-streams gameplay on Twitch
eSports prize pool in 2017
Fortnite needs no introduction. In its short year and a half since its release, the gaming
conglomerate has enjoyed astronomical success amongst a vast demographic of users.
Earning up to $127 million of revenue in a single day makes Fortnite a very lucrative
game. The online phenomenon has created such a buzz that Fortnite schools and
classes are taking place and ghost players are being paid to improve fellow users ranks.
What makes Fortnite so attractive to the gamer is that it doesn't appear to be driven by
monetization, it's free for all to play. It's their marketing, strong sense of community and
the ongoing conversation that encourages users to spend. Epic Games took the best bits
of PUBG and turned it into an attractive and inclusive experience for all levels of gamers.5.3 DMarket
Company Information
Based on dedicated love for the gaming community, Dmarket was created in 2017 to
satisfy the hidden demand for virtual asset trading. The team behind the project has
more than ten years of experience in the gaming industry. Two of their most successful
projects to date are their websites, 'skins.cash' and 'SanTechSoft.com'. Skins.cash is a
leading global marketplace for instant in-game skins sales and boasts over two million
visitors per month and over twenty million in-game items sold per annum. Suntechsoft
Corp Limited is the number one private merchant of digital goods and owner of World of
Games and Global Games companies.
Statistics
• DMarket received outstanding support from the community during their Initial Coin
Offering in 2017 raising over $19 million. Engage will also tap into the same market and
capitalize on the openings made by DMarket. We will improve the market by creating
even more enjoyable and interactive ways to experience the gaming environment.
• Right now, people can make money from the sale of their in-game items sold on the
Steam Marketplace, which is Valve Corporation’s digital online community and store for
selling PC games. This works in Valve’s products such as Team Fortress 2 and Dota 2,
and it can work in other games if their developers open up their titles to it. But this is
locked to the Steam ecosystem (Venturebeat, 2018).
Game developers use the DMarket API to make items from their games tradeable, so
they don’t need to create their own independent marketplaces. The idea is that this
portability of assets will encourage players to spend more time in-game and increase
revenues for game makers (Venturebeat, 2018).
• Using these solutions, gamers will be able to make their virtual items available to the
digital marketplace, creating a new billion dollar industry. DMarket uses blockchain
technology to act as a matchmaker between virtual and real economies. The Engage
Platform will build on this by pairing the NGA Engage Token with multiple top
cryptocurrencies giving our virtual currency access to real-world marketplaces for both
internal exchanges and third-party exchanges.5.4 Naga Virtual
Company Information
NAGA VIRTUAL is a German fintech company that allows mobile, console and PC game
publishers to effortlessly set up their own virtual marketplace. NAGA provides a scalable,
end-to-end solution that integrates into the most common technologies such as 'Unreal'
and 'Unity.' The company gives users full control by enabling them to monetize
transactions by directly connecting gamers to whatever they desire to purchase online
using assets from a different medium.
Statistics
• Some publishers only sell items with esthetic value while others sell items that provide
players with a competitive edge. These are important aspects to consider when it comes
to the trade of in-game stock.
• NAGA's decentralized platform also allows gamers to convert their in-game rewards into
Apple shares or gold through Switex or even leverage their trading prowess with the
social stock trading tool, SwipeStox. Dubbed the "Facebook for traders," SwipeStox
offers the use over 700 trading instruments, 'auto-copy' of top traders with one single click
as well as sophisticated Robo-Advisor called "CYBO" that provides traders with crowd
data indexing and market data.
• Naga Coin is the cryptocurrency driving all interactions on the platform from rewards
system to settlements. However, unlike most coins, Naga coin is not limited to financial
settlements only. It also represents shares in the company and is backed by real assets.
Users will be able to use these coins trading via SwipeStox and Switex across various
platforms and networks. Being an openly traded company, Naga is among the top 16%
companies with completed projects and working infrastructure. Engage will not
implement a sharing scheme as all incentives are passed to the customer through the
platform directly.Competitor Matrix User Experience Access for Every game publisher Player to player buy/sell Player to player swaps Player vs Player matches Team vs Team matches Rewards for taking part in platforms Live streaming Loan system Pawn system Player rankings Live price index Multi-reality currency Contactless payment Player and Team sponsorships
7 The Engage Ecosystem
Components
Engage EcosystemLayout
CUSTOM
ITEMS
LOAN-IT
PAWN-IT
FANTASY
LEAGUE INSTANT
PRIZES
WATCH
INSTA-SELL LIVE
THE VAULT
LEADERBOARDS
‘PINK SLIPS’
PVP
LIVE TEAM V TEAM
AUCTIONS
SPECIALLY
SELECTED
ENGAGEMENTS
IN-GAME IN-GAME
ITEMS POINT
WAGERS
EVENTS
TOURNAMENTS
BUY-IT
SELL-IT
USE
IN-STORE
USE
IN-GAME
MASSIVE MULTI-
SELECTION REALITY
OF IN-GAME TOKEN
ITEMS
MARKET
PLACE
LIVE
PRICE CONTACTLESS
INDEX NGA PAYMENT
TOKEN
TRADE-IT
STABLE
AVAILABLE INDUSTRY
TO TRADE ON BACKED
MULITPLE CURRENCY
EXCHANGES7 The Engage Ecosystem
Components
1. User Profile
After a user has created an account they are automatically transferred to the profile
dashboard where all stats can be viewed. Users can also search and view the stats of
other users. Profiles can be edited at any time and personalized with avatars.
2. My Items
This tab displays all in-game items from your inventories in different games. You can sort
your items per game and select items to utilize in upcoming games. From here items can
also be sent to the marketplace.
3. The Vault
‘The Vault' is the core of the user’s personal Engage experience. It is where the majority
of interactions within the platform will take place. These interactions include:
3.1 Insta-sell on to the Engage marketplace where it will be sold
Users select any item they want to trade. At the top to recover any loses.
right corner, a card will appear with all the
information pertaining to the item. Players will then 3.4 Custom items
select the 'Put up for Sale" option. Once a value Using our gaming associates network, we will
has been determined, the service immediately employ creative partners to design custom items
converts NGA to USD and calculates the to be sold and auctioned within the Engage
commission fee which is 2.5-5% of the item price. marketplace. These items will be used for
marketing, affiliate promotions, prize giveaways,
3.2 Rent-it charity auctions and more.
In the event that a player can't afford to purchase
an item permanently, they will have the option to 3.5 Live auctions
rent items such as skins. The Vault will offer users This is where the Engage platform will sell all of
a plethora of skins which they can choose to rent. the exclusive items procured from gaming
Tokens received from rented skins are only kept as developers, professional gamers, teams and
collateral and is refunded when the skin is sponsorships. These are rare, high-end items that
returned back to The Vault. A daily penalty fee will are auctioned off to users that want to accumulate
be charged for items not returned on time. In the unique collectables with limited and exclusive
event that an item is not returned at all, the total availability. A pre-survey system will be used to
token collateral balance will be deducted and the gauge levels of interest for certain items being
user will be temporarily flagged and prevented auctioned. This allows Engage to assess the
from using The Vault. They would then need to market interest and value of items beforehand and
appeal the ban which will be reviewed by create a streamlined, automated process for their
Engage's support team. sale. The survey will take place one to two weeks
prior to the auction.
3.3 Pawn-it
Players can use the Engage platform as a pawn 3.6 Rare, Unique, and Specially sourced in-
service by using their digital assets as collateral to game items
acquire a token loan. Once the criteria have been Engage will collect unique items purchased
met and a contract is signed the player will then through pro players, developers and teams. Our
receive their tokens. If the tokens are not returned scouts will scour the internet for the rarest and
in the given time-frame, the item will then be listed most prized in-game assets for auctions that are
exclusive to Engage members.7 The Engage Ecosystem
Components
4. The Marketplace
The Engage marketplace is a central point of trade for gamers wanting to monetize their
virtual assets. Using encrypted technology our marketplace is a safe point for buying,
selling and exchanging in-game goods and taking advantage of our liquidity models for
quick cash
4.1 Buy-It items up for a trade with other users. Members are
Players select the game they wish to purchase then matched via similar search criteria and will be
items from and go to its marketplace. Players must able to view each other's items and make an offer.
use the filters to find the item of their choice. Once The exchange will be finalized with a "digital
the product has been selected users will handshake" and items will be swapped
automatically be redirected to its information card. immediately. This service is free to all Engage
Here users can view all there is to know about the users.
commodity including a detailed description,
current offers from sellers and the stats 4.4 Live Price Index
dashboard. A live price index of all tradeable items across all
of the gaming platforms that Engage associates
4.2 Sell-It with will be displayed. The index will also have a
Users select any item they want to trade. At the top live exchange showing all the current and recent
right corner, a card will appear with all the transactions.
information pertaining to the item. Players will then
select the 'Put up for Sale" option. Once a value
has been determined, the service immediately 4.5 Massive selection of in-game items for sale
converts NGA to USD and calculates the Engage will have a huge inventory of in-game
commission fee which is 2.5-5% of the item price. assets from all the gaming platforms we affiliate
with. Items will be categorized by; price,
4.3 Trade-It popularity, type, platform, availability and market
Here, Engage members will be able to offer their price history.
5. Engagements
5.1 Project Pink Slips - [OVER 18 ONLY] Project
Pink Slips allows competitors to put their items up
for grabs in a winner-takes-all, Player vs
Player or Team Vs Team match. The only
limit to the Pink Slip system is the number of
items put on the line. Only matching values
based on predetermined price bands will be
permitted to proceed to Pink Slips engagements.
These micro-movements of a game are creatively
exploited and used to motivate viewers to
participate.7 The Engage Ecosystem
Components
5.2 Earn while you play 5.7 Sponsorships
Engage users will be able to earn tokens, rewards, Engage will support and uphold a culture of high-
content and XP while they play their favorite online quality gamesmanship that will reward exceptional
video game. By rewarding users with XP, they will players and teams with sponsorships for Engage
be able to progress their profile levels, which in tournaments as well as events of our affiliated
turn means they will receive higher payouts and brands.
rewards through the Engage algorithm.
5.8 Hyper-casual Mobile Games
5.3 Watch Live
Our uniquely developed mobile games, which will
Engage will integrate Twitch and YouTube to allow
be linked to Engage's 'mobile wallet', continues to
users to view live streams. An Engage Twitch
encourage users to be incentivized for gaming on
account will be created for users to stream games
the Engage platform. The process will be initiated
via their Engage account.
by designing and developing native mobile games
and subsequently incorporate established games
5.4 Fantasy League
(such as the Clash of Clans). By reaching high-
The Engage platform will create fantasy leagues,
score targets, executing multiple combos or even
major competitions and tournaments. Players can
finding a rare in-game item, Engage mobile
enter using NGA tokens and are rewarded
gamers will be rewarded for their achievements.
depending what their position on the leaderboard
is at the end of the fantasy league period.
5.5 Leaderboards
A live leaderboard will be established showing the
statistics for many of the interactions within the
Engage Ecosystem such as; top Gamers
(wins/losses/achievements), top-selling items, top
used items, most played games, most watched
streamers, biggest spenders and so on.
5.6 Instant Prizes
Based on predetermined outcomes specific
challenges will be issued across the platform every
month. Challenges will involve both in-game, and
real-world situations, for example; use your
'engage wallet' to Insta-pay for five IRL items in
one week. These incentivizing challenges will
promote the use of our multi-reality currency in
everyday life, just what the Engage Token was
created for. Winners will be announced and
rewarded at the end of each month.8 NGA - The Engage Token
8.1 A Multi-RealityCurrency
The Engage Token is our digital currency which can be leveraged both inside and outside
of the Engage marketplace. Everyday transactions occur mostly in real-world
marketplaces but a new fin system is quietly blooming in the online world. Soon, gamers
will have easy access to two economies in which they can financially interact. Engage
will actively strive to increase token liquidity inside and outside the platform to ensure
maximum ease of access for our users.
8.2 Use in-game
Engage Tokens are used on our platform for the purpose of trading digital assets or
engaging with other players to win digital assets. By using NGA Tokens users gain
access to our exclusive marketplace and limited offers. Tokens will also be able to be
traded on our EngageX exchange.
8.3 Use in-store
Outside of the Engage platform, our NGA Token can be converted to fiat currency. Using
our convenient mobile wallet, Engage members can instantly pay for retail goods by
simply using the super convenient contactless payment function.
8.4 Contactless payment via mobile app
A seamless and convenient payment solution for Engage users with Visa/MasterCards.
Contactless payment allows users to enjoy the benefits of their NGA tokens both in-
game and outside of the digital realm.
8.5 Industry-backed currency
The value of the Engage Token will be governed and backed by the stability of the multi-
billion-dollar global gaming market and the high demand for efficient mobile payment
gateways and liquidity partners established further down the roadmap.
8.6 EngageX
The Engage Token uses 'Waves' blockchain protocol with open source, peer-to-peer
technology that quickly accelerates all transactions, minimizes risk, enhances security
and does not ever involve any third party.
Engage Gametech will create the world’s first exclusive blockchain exchange, directly
aimed at the gaming industry. EngageX will drive traffic to our exchange where traders
can buy and sell all kinds of gaming related projects that will be pegged to the NGA token.9 Why Waves?
One of the key features of the Waves platform is easy token creation. Unlike Ethereum,
tokens are not smart contracts instead they are supported at the core level and require
no programming experience to issue. Smart Asset functionality adds another layer of
operation to Waves' tokens, making them highly flexible and straightforward to use.
'Waves' makes use of RIDE language to set a script and is significantly easier and safer
to use than Ethereum’s 'Solidity'. Its structure avoids the ambiguities that have led to a
number of high-profile exploits of Ethereum smart contracts in the past.
Developers have shown a keen interest in the tokenization of in-game economies. Using
Smart Assets it would be possible for a game developer to create an item that can only
be owned by a player with certain attributes, for example; a sword that could only be
used when a certain skill level is reached. The trade of these exclusive items could be
restricted to the native in-game currency, to help mitigate black market activity around
digital game tokens along with the use of whitelisting -the practice of explicitly allowing
some identified entities access to a particular privilege, service, mobility or level of
recognition.
A brief overview suggests that this new functionality will provide some very promising
possibilities. As a requirement, any new user would have to KYC/AML themselves when
signing up on our platform.
Low in cost Fast
Scalable TX fees can be
paid in tokens
One-minute Transfers up
blocks to 1000 txs/sec
Low
transaction fees10 Token Utility Within the Platform
In-game currency
Utilized for all purchases of items and subscriptions.
Exclusive Offers
Access special features, merchandise and content, only available through NGA.
Reward system
Players will be rewarded with NGA for victories and achievements, as well as XP for user profiles.
EngageX
NGA tokens can be used to trade, buy and sell on our Engage Exchange.
Loan, Rent and Auction
The currency is utilized for all services offered by the Engage platform, exclusively to
Engage subscription members.
11 Buying, selling and storing
NGA tokens
11.1 Engage Walletdesktop
Coded with Electron.
The desktop wallet is used for the Engage marketplace, pink slip games, EngageX and
fantasy leagues.
Offline token storage is recommended for longer periods of time. This feature is for
medium-term storage once the tokens have been purchased on from the Engage internal
exchange.
Wallet-to-wallet transactions will be available for NGA wallet users.
Tutorials will be available to show users how to send their tokens to their safe
storage wallets and mobile devices.
Waves compatible wallet holders (such as waves client wallet) will be our recommended
wallet for safe storage. Users will be able to transfer from desktop wallets to any of these
selected platforms.
A Trezor or Nano ledger will be the safe offline storage wallets we recommend to our
users in need of long term storage.11 Buying, selling and storing
NGA tokens
11.2 Mobile Wallet
Coded with React Native.
Easily accessible mobile wallet for token storage that uses fingerprint recognition, 2FA
and username/password to log in.
Links will be shared with users to send tokens to desktop and pair with mobile compatible
games.
Engage mobile will have announcements regarding new events, leagues, fantasy
games, live feed tournaments and development updates to keep our members in the
loop.
IOS and Android compatible applications.
All tokens can be held safely on the mobile apps or sent to the desktop wallet or various
online wallets such as Waves DEX and offline cold storage units such as Trezor or Nano
Ledger.
Features will be added as the development of the app progresses. Users can look
forward to features such as live auctions and video streaming available with version one.
Version 2 will have features that allow for cloud gaming. More on this soon
High-end, encrypted security will be a top priority when the development begins.
11.3 Internal Crypto Exchange (EngageX)
An internal exchange will be developed to offer liquidity to traders looking to buy and sell
NGA tokens.
The exchange will be for gaming blockchain projects only.
The only token pairing offered for NGA on the exchange will be BTC/NGA and ETH/NGA
with respective wallets created for each pair to allow for secure storage.
For the mobile app, Engage developers will attempt to build a functional internal
exchange for mobile users. If this isn't possible from the 'get-go', Engage will implement
a live chart to view the current price of the token listed on a particular exchange or site
as with coinmarketcap.
Notifications on price movements can be enabled by Engage users.
11.4 KYC/AML Procedures
KYC or Know-Your-Customer is a common practice, especially in financial institutions.
We need to gather relevant and sometimes crucial information about our users in order
to provide a smarter, safer and more intuitive platform for gamers worldwide. KYC is
important for many reasons; passing necessary KYC requirements gives the user access
to higher deposit and withdrawal amounts and also ensures we comply with Anti Money
Laundering (AML) and Counter Terrorist Financing (CTF) laws.
Criminals who use exchange platforms to conduct illegal activities and engage with the
dark web are one of the mains reason why scepticism around cryptocurrencies and
blockchains is still prevalent in the financial mainstream. Working to combat these
malicious users through encrypted protocol is essential for industry health.12 Engage Model
The Engage model will be available on a tiered system over a period of time - meaning,
the longer users engage with the platform, the more they will be rewarded. After careful
competitor analysis, Engage has been designed to encourage the audience to not just
benefit from the enjoyment of in-game actions but to profit from trading, buying, selling,
renting, Insta-selling and much more.
Our unique models allow users access to lower fees, better-priced items while still having
access to The Engage platform and all its features. Every tier will give members access
to the marketplace, the vault and our engagements. Higher tiers offer greater perks
within the Engage ecosystem.
As an act of commitment to growing the community, The Engage platform will be
completely free to join, no monthly or yearly commitment will be required from you. We
will build Engage on the foundation of a loyal and passionate community who will be
incentivized to participate from the get-go.
New users will have ample access to our platform and its features. Engage will galvanize
members to interact with NGA tokens, the marketplace as well as fellow members and
the rest of the global gaming and blockchain community.
Users will earn higher tier levels by spending time in-game. This comes down to our
development algorithm that monitors the movements you as the gamer make in-game.
By showing us this data, we will reward the users with experience points (XP), which in
turn will allow the user to level up their profiles. Each new level, users will receive cool
content and rewards. Every 10 levels gained, users will earn more rewards and tokens!
The exchange will plan to build, EngageX. Will be solely based on the gaming industry.
We will only allow the listings of gaming blockchain projects on our exchange. We want
to create a unique environment for our traders and gamers to enjoy the exclusive rights
to our gaming platform!12 Engage Model
Micro Business Models Within The Engage Platform
Marketplace Influencer Gamer Game
Trader /Streamer Creator
Team Enterprises
Creating esports teams & creating a brand
News, Blogs, Vlogs Social Media Journalism
about Engage Events
Community News Tiered Levels Pro Gamers
For more information on investor outreach documents, please
request our investor pitch deck.13 The Tokenomics
13.1 Token Specification
Token type Waves Token
Consensus Algorithm Proof of stake (POS)
Mineable token No
Smart Contract As requested
Yes, you will be able to validate Waves
Steem Engine
transactions on the Waves Explorer
13.2 Tokenomics
Token supply 500,000,000
Soft Cap $9,500,000.00
Hard Cap $30,000,000.00
Ticker NGA
Token Sale Price $0.10
Accepted Currencies BTC, ETH & USD
(website public pre-sale may differ in currency selections)13 The Tokenomics
13.3 Token Distribution
Private Sale 4% ($0.05) (20,000,000 NGA)
Public IEO 60% ($0.10) (300,000,000 NGA)
Founders and team 8% (40,000,000 NGA)
Advisors 6% (30,000,000 NGA)
Bounty Program and Airdrop 2% (10,000,000 NGA)
Funds and reserve 15% (75,000,000 NGA)
Partnerships 5% (25,000,000 NGA)13 The Tokenomics
13.4 Allocation of funds
Technical
25% of the contribution is intended to cover the technical development costs of service
features, starting with implementing platform functionalities and additional entity
features.
Operational
10% of the contribution will cover operational expenses like office rent, office
equipment, travel expenses, legal fees and more.
User payouts
50% of the contribution will fund the first users joining the platform. The reserve funding
will also be allocated to user payouts until we can achieve monetization strategies
through advertising and marketplace revenue.
Non-technical
5% of the contribution will cover the costs of non-technical product development,
including capital expenditures.
R&D
10% of the contribution will be allocated to financial research as well as development
expenses incurred to explore new features, technological solutions and setting up an in-
house R&D centre.13 The Tokenomics
The Token Flow Ecosystem
Methods of Methods of users
spending tokens accumulating tokens
Loans Prize Pools
Rent Ambassadors
Auctions Sponsorships
The Vault Selling items on Marketplace
Instant sell Fantasy League
EngageX Hyper-Casual
Fantasy League Mobile Games
Marketplace Playing online
Mobile Games EngageX
The Engage
Platform / Business13 The Tokenomics
13.5 Lockups
Team and Founders
24-month Lockup, with 25% to be released every 6 months after an initial 3 month
vesting period.
Angel/Private Sale Non US persons
12-month Lockup, with 25%% to be released every 3 months.
Angel/PrivateSaleAccreditedUSInvestors,participatingviaReg.D
12-month lockup, with 25% to be released every month afterwards.
Early supporters / Advisors
6-month Lockup, with 50% to be released every 3 months.
Community/Bounty 1
100% tokens released 1 month after completion of the IEO.
Public IEO Tokens
100% tokens released during IEO.
Main Reserve
24 months vesting period with 50% released every 6 months thereafter.14 Roadmap
Q2’18 Conceptualization stage
Building prototypes and establishing brand
identity and our tokenized gaming economy.
Team Building
Q3’18 The building of a core team and outreach of
strategic partnerships and advisors.
Scaling the Concept
Q4’18 Building monetization models within the
ecosystem.
Q1’19 Private Sale
Investment outreach to funds and individuals
Q2’19
IEO Campaign
IEO listings
Additional IEO listings
Q3’19 Additional IEO listings for funding prototype
development
Beta testing
Q1’20 Prototype testing made available to the
Engage community and general public.
Q1’20
Development phase 2
Beta systems tested and further
developments for final product14 Roadmap
Q1’20 Partnership Network Global Expansion
Engage increasing strategic partnerships
across EU and Asia in preparation of our
Global Expansion.
Q2’20 Marketing Global launch Phase 2
Aggressive marketing tactics across EU and
Asia.
Q2’20 Exchange Listing
Third party exchange listings (high volume
exchanges).
Q2’20 Platform launch
An official launch of the Engage Platform and
ecosystem with full features including
exchange and desktop wallet.
Monetization of advertising space
Q2’20 Brands utilizing the Engage platform to
advertise.
Mobile App
Q3’20 Mobile App Launch with full features (Wallet,
Exchange and all platform features).
Sponsorships and initiatives
Q4’20 Engage hosted tournaments and its first
initiative program launched.
Platform R&D
Q1’21 In-house R&D facilities for platform scaling
and new developments.15 Team
Trevor Henry
Director and Founder
Trevor Henry is an experienced gamer and cryptocurrency
fundamentalist whose love for gaming was sparked by Sony's
PlayStation 1. This self-made entrepreneur who has lead successful
companies in construction and unmanned aviation, joined the
blockchain community as a gamer back in 2016. Trevor initiated the
idea for The Engage Platform in 2017 and has since been putting the
together the framework needed to construct successful and effective
'go-to-market' technologies. Trevor has curated a tremendous team of
international industry experts who are working closely by his side on
launching Engage to the global market.
Robert Eckert
Chief Marketing Officer
Robert Eckert is a retired Esports Athlete who decided to dedicate his
life to assisting gamers in all genres adopt Blockchain technology.
Robert has been a gaming enthusiast for over 15 years. He used his
skills in the sales industry and knowledge of the gaming industry to
assist blockchain gaming projects with social media and promotional
campaigns. This cemented him as a blockchain Marketing Expert. He
joins Engage Gametech as Chief Marketing Officer and has plans to
use his Gaming and Blockchain experience to market Engage
Gametech to the gaming populationYou can also read
