What is GameZone? All You Need to Know About GZONE

GameZone is a platform created to support blockchain-based gaming startups. Acting as a launchpad, it provides these startups with the necessary tools to utilize non-fungible tokens (NFTs) for raising capital and building communities.

GameZone allows tokenizing in-game assets for Initial NFT offerings (INOs). This approach secures development funding and encourages early player involvement, creating a symbiotic ecosystem for game creators and users.

History of GameZone

GameZone initiated operations in 2021 with an initial market capitalization of $155,000. In September 2021, the project executed a dual-phase token distribution event. The initial phase consisted of a private sale, raising $110,000, followed by an Initial DEX Offering (IDO), which generated an additional $112,500.

Subsequently, GameZone conducted a strategic funding round, securing $1 million in capital injection. Cumulatively, these funding initiatives resulted in a total raise of $1.22 million.

GameZone’s development is supported by its strategic partnership with BlueZilla, a prominent incubator and accelerator in the cryptocurrency ecosystem. This collaboration provides GameZone access to valuable resources and expertise, potentially accelerating its growth trajectory in the blockchain gaming sector.

Core Components of GameZone: Binance Smart Chain (BSC), Bluzelle Ecosystem, Non-fungible Tokens (NFTs) and Deflationary Design

Binance Smart Chain (BSC)

The Binance chain is a layer 1 blockchain infrastructure created by Binance, a cryptocurrency exchange. BSC operates using a proof-of-stake-authority (PoSA) consensus algorithm, providing a fast, secure, and scalable infrastructure.

BSC is the underlying blockchain infrastructure for GameZone token transactions, smart contracts, and other blockchain-based operations. It allows users to stake GZONE tokens to earn rewards and participate in GameZone’s launchpad.

Bluzelle Ecosystem

Bluzelle is a blockchain project branded as the “Airbnb of databases”, focused on providing GameFi infrastructures. The project aims to provide a decentralized, scalable database that allows creators to control their data completely instead of being at the mercy of centralized data centers.

The blockchain uses components such as Swarm, sharding, and geo-replication to archive cross-chain interoperability. This allows the GameZone Launchpad to support multiple blockchain networks.

This multi-chain approach allows GameZone to cater to various games and NFT projects, providing developers with the best development environment.

By leveraging Bluzelle’s ecosystem, GameZone ensures that all transactions are secure, fast, and immutable. This is crucial for maintaining user trust and integrity in the gaming ecosystem.

Non-fungible Tokens (NFTs)

NFTs are unique digital certificates on a blockchain that verify ownership of digital assets like art or in-game items. They are a key component of GameZone’s launchpad, allowing players to own unique in-game assets.

GameZone’s NFT integration allows players to own avatars, mystery boxes, digital collectibles, and real estate. These assets can be used across multiple games and platforms.

The platform also enables developers to create unique and valuable NFTs that can be used as rewards, collectibles, or in-game items.

Deflationary Design

The native token of the GameZone project is built with a burn mechanism designed to reduce the token supply. This mechanism is designed to incentivize long-term investment through scarcity, which would increase its value in the long term.

Features of GameZone: GameZone Hub, NFT Marketplace, Incubation Program and Staking

GameZone Hub

Source: GameZone website

The GameZone Hub is a collection of blockchain and NFTs-enabled games. It allows users to find, select, and participate in blockchain games.

The Hub provides a user-friendly interface for browsing various game categories. The listed games are integrated into the GameZone ecosystem, allowing players to access them directly from the platform.

Users can also find a collection of non-game projects with gamified experiences.

NFT Marketplace

Source: GameZone website

The NFT marketplace project is a platform for buying and selling NFTs. It offers an interface for users to view all their NFTs in one place and allows users to trade digital collectibles, avatars, mystery boxes, digital real estate, and artwork.

The platform allows users to create collections and sell the loot they collect from playing games. It also allows entities to build their brands using NFTs, which gives them control over their digital future.

The GameZone marketplace also has an NFT wallet. This digital vault allows users to store, manage, and transfer NFTs. It enables users to participate in Initial Game Offerings (IGOs) and hold in-game NFTs.

Incubation Program

Source: GameZone website

The GameZone incubator program selects and supports the most promising teams and blockchain-based game projects. Once selected, the incubator program assists them across the Bluezilla ecosystem of launchpads.

The project provides support services like legal, marketing, and development to help achieve a successful launch. It also gives them access to the network of KOLs, tokenomics experts, and IDO infrastructures.

Staking

Source: GameZone website

The project offers a staking feature, which allows users to earn income by staking their GZONE tokens. The feature is accessible to holders of the native token of the project, giving them privileges on the GameZone platform.

By staking their tokens, users contribute to the security and growth of the project ecosystem while receiving rewards. This feature promotes long-term participation and helps to create a strong and engaged community around the platform.

What is the GZONE Token?

Source: GameZone Medium

GZONE is the native cryptocurrency of the GameZone platform, designed to facilitate transactions in the ecosystem. The token is built on the Binance Smart Chain, ensuring low transaction fees and fast processing times for a seamless experience.

The GameZone project has a token supply of 1 billion, with 420 million in circulation. Tokenomics allocates 35% (350 million) to others, 20% (200 million) to private sales, and 15% (150 million) to liquidity.

15% (150 million) is allocated to the ecosystem and 15% (150 million) to the staking mechanism.

Is the GZONE Token a Good Investment?

The GZONE token is the native token of the Gamezone ecosystem, enabling users to engage in staking, blockchain games, and NFT transactions. The platform’s multi-chain support, including BSC, Ethereum, Vela, and Bluzella, allows it to tap into various blockchain ecosystems.

This gives its native token interoperability capacities, increasing the use cases for token holders. The deflationary tokenomics includes a 7% fee on sale (5% allocated for staking rewards and 2% burned).

This supports the GZONE token’s long-term value proposition. The tier-based staking system encourages token holding and platform engagement, potentially creating a more stable token economy.

This would allow investors access to other promising GameFi projects while watching their GZONE assets appreciate in the long term.

Risk Analysis

Advantages

GameZone offers a comprehensive ecosystem for blockchain gaming and NFT projects, providing a center for GameFi participation and investment management. Its primary advantage is its efficient fundraising, incubating promising projects, and enabling the trading of digital assets.

Another significant advantage is GameZone’s tier-based staking system, which grants access to exclusive opportunities and rewards. This feature drives engagement, contributes to the platform’s stability, and supports deflationary tokenomics.

Disadvantages

While the GameZone Launchpad offers various opportunities in the blockchain gaming space, it also has several notable disadvantages. One of the primary concerns is the high entry barriers created by its tier system.

The requirement to stake significant GZONE tokens for higher tiers may be expensive for many users. This system favors larger token holders, potentially creating an uneven allocation distribution and access to new projects and opportunities.

The platform’s tokenomics model presents its own set of challenges. The 7% fee on GZONE sell orders could discourage trading and token circulation

Challenges

One of the three pillars of blockchain technology is decentralization. GameZone is built on the BSC chain and is known for its centralized infrastructures. This raises issues for users who prefer decentralization over centralization.

The new project forces it to compete against centralized incubators in the GameFi space. It is also subject to the crypto space’s price volatility and uncertainty since it depends on the success of incubated projects to scale.

Competitive analysis

Polkastarter and GameZone operate blockchain launchpads, catering to slightly different niches within the Web3 ecosystem.

Polkastarter facilitates IDOs, where projects raise capital by selling their tokens directly on decentralized exchanges (DEXs). GameZone conducts IGOs and INOs, a variation of IDOs designed explicitly for launching new blockchain games.

Polkastarter caters to a broader audience of investors interested in a diverse range of early-stage blockchain projects with high growth potential. GameZone, on the other hand, targets investors and gamers passionate about the GameFi space.

How Can You Own GZONE Tokens?

Users can follow a simple process to own GZONE tokens and become a part of the GameZone ecosystem.

Setup a Wallet

One way to own GZONE tokens is to purchase them through an exchange. For this, the user must create a Gate.io account, complete the KYC process, and add funds to the account to buy the token.

Utilize the GZONE Tokens

Once users have acquired GZONE tokens, they can explore the GameZone ecosystem by staking them, participating in IGOs and INOs, and playing blockchain games.

Take Action on GZONE

Users can trade the GZONE tokens here.