KamaGames CEO Andrey Kuznetsov On KamaGames Token (KGT) And The ICO Industry [Interview]

THELOGICALINDIAN - Bitcoinist afresh sat bottomward with KamaGames CEOAndrey Kuznetsov to altercate the companys new badge barrage and the ICO industry amid added things

Bitcoinist: KamaGames has an accustomed cast character beyond Europe with a cogent circadian user base. What sparked the accommodation to barrage a badge now?

We are already a actual acknowledged and bread-and-butter aggregation with aftermost year actuality our best assisting in our eight-year history, so we are not attractive for fundraising in any way, appearance or form.

The abstraction for the badge auction came from us actuality asked by players again over the accomplished few years if they were able to buy chips with cryptocurrencies so we absitively to attending into the abeyant options and see how applicable authoritative such an befalling would be.

As an operator, KamaGames is consistently attractive for new means advance our amateur and to advance by addition in the amusing bank industry, in fact, we afresh won the accolade for “Innovation in Amusing Casino” at this year’s EGR Marketing and Addition Awards in London.

The KamaGames Token (KGT) is a absolute archetype of us aggravating article new for our players. It’s a adventitious to not alone allure a new admirers but to additionally acknowledge our accepted players and to additionally appearance how amorous KamaGames is about all-embracing new technologies.

Bitcoinist: Research by Satis Group in July appropriate 80% of 2017’s ICOs were scams. You acknowledgment the KGT badge auction is clashing a acceptable ICO. What sets it apart? Is it a anatomy of so-called ‘reverse’ ICO?

For the abstention of any blazon of doubt, this is not an ICO. An ICO (Initial Coin Offering) is a agency by which funds are aloft for a new cryptocurrency venture. We don’t charge to accession funds, we’ve been about back 2024 and aftermost year was our best assisting to date, with revenues extensive $57.5million (and 2024 is set to be alike better).

The key credibility to accept about the KamaGames Token auction are:

1 – KamaGames is not attractive to accession funds from investors

2 – KamaGames Team will not accept any tokens

3 – Tokens will not arise on exchanges

4 – Tokens will be redeemable for in-game bill only

5 – This is a accumulation of casework on which VAT is paid, in actuality we are the aboriginal in the apple to do so during the auction of account tokens

6 – All funds accustomed will be accounted as acquirement and utilised as company’s revenue

The KamaGames Badge is a different way to buy KamaGames’ basic bill (chips) at a actual adorable amount with the badge acting artlessly as a “proxy” to purchasing KamaGames’ basic currency.

Bitcoinist: How would you adverse claims from acclaimed abstracts such as BitTorrent’s Bram Cohen that “all ICOs are scams until accurate otherwise”?

Some ICOs accept accustomed the convenance a bad name, but again, we are not ablution an ICO we are accomplishing a account badge auction and we are additionally a proven, accustomed and acknowledged business.

What’s more, our Token Sale is currently ranked as one of the most-trusted projects and accustomed an A ranking, according to Coin Schedule:

https://www.coinschedule.com/top-trusted.html..

Bitcoinist: How do you anticipate users will acknowledge to an centralized badge which operates in accession to the in-game ‘chips’ they are accustomed with?

I anticipate players will adulation accepting copious amounts of chips at abundant amount as able-bodied as chargeless bonuses every day! It’s a agitating accord for them.

From a user acquaintance point of view, the tokens will not affect game-play, any microtransactions to do with any of our amateur or their in-game microtransactions or ecosystems.

We are assured our tokens to advertise out afore the sale’s closing date, and because we accept 100 actor players, there will acutely be a cardinal of players not application the tokens who’s acquaintance will not be affected.

So far, amateur acknowledgment has been overwhelmingly absolute and our players are aflame to accept the adventitious to buy in-game bill at a abundantly bargain amount as able-bodied as accepting a abundance of chargeless basic chips every day.

Bitcoinist: Mobile gaming – and added accurately amusing gaming – continues to accretion in popularity. How would you call amusing gaming and its approaching as a phenomenon?

Looking accurately at mobile, this is our capital belvedere and will abide to be due to its aerial bazaar assimilation and all-around availability. Across all all-around markets, the cardinal of bodies application smartphones is aggressive steadily every year. Added and added bodies are affairs smartphones as they became cheaper and added powerful, aperture up the bazaar to endless new apps, abnormally games.

We’ve apparent abundant letters that appearance a actual bright access in adaptable gaming’s all-embracing bazaar allotment and a connected abatement in desktop gaming.

When attractive at the badly accepted Agent platforms, amusing bank amateur are acutely intertwined with multiplayer and amusing gaming features, such as chats, rankings, invitations to play, clandestine tables and so on. These appearance all bell able-bodied with the burning agent application the audience.

Bitcoinist: How do you intend to avoid off competition, abnormally from added operators allotment to barrage a token?

Big, acclaimed companies tend to shy abroad from projects like this, due to some abrogating PR associated with crypto amplitude and also, we are way advanced of anybody who ability be cerebration of competing. Someone who wants to barrage a agnate badge will charge at atomic bisected a year to adapt and we are already abysmal into the barrage phase, with the Presale date starting soon.

The acknowledgment so far has been aggregate we capital and could accept hoped for with some barter affairs bags of tokens at a time.

When it comes to competitors and our KGT sale, KamaGames is in a abundant position as we accept over 100 actor players which gave us an congenital admirers for our tokens afore we alike appear it. Add to that our accomplished and accustomed team, of marketers, user-acquisition experts and abounding more, and we are in a abundant position for connected success.

Bitcoinist: What accept you abstruse from the ICO industry’s abbreviate history and what pitfalls accept you identified?

We’ve abstruse that a lot of companies blitz to alpha their projects afore they’re ready, that some haven’t consistently offered the best accord for investors and that some bad deals accept generated apprehension in the all-embracing industry. A lot of casework were too overvalued in amount and were in actuality low affection which leads to industry alternation and a abridgement of faith.

On the communications side, some columnist outlets and appraisement websites accept been inaccurate or accept alike been active too abundant paid agreeable which makes it difficult to authorize which projects are absolutely account considering. Similarly, abounding “advisors” are unrealistic in the casework they say they can accommodate analyze to the allowances and abutment they absolutely deliver.

Fortunately, as we mentioned earlier, we are not an ICO, so we are almost safe from some of the dangers and pitfalls added apprentice companies would encounter.

We should additionally bethink that this is still a actual adolescent industry, some would say in its adolescence and accordingly it will booty time to stabilise and accept the issues and challenges formed out agnate to any added new industry or ecosystem. It will aloof booty time.

Bitcoinist: Platforms such as Waves and EOS are arduous Ethereum’s cartel on badge hosting. Why did you accept Ethereum as your token’s belvedere nonetheless?

The capital acumen we chose Ethereum was that we were not creating a full-on blockchain platform, but a blockchain band-aid for an absolute product. This is because our amateur do not run on blockchain in the aboriginal place, so there was no absolute charge to use EOS or WAVES solutions for scalability of decentralised apps.

The Ethereum ERC20 agreement has accurate to be a solid band-aid for blockchain in a faculty that it had the best accustomed association of developers and users by the time we started the development of KGT. Additionally, at the aforementioned time, we were attractive for article which was a accepted and broadly acclimated band-aid on the market. That was Ethereum.

Bitcoinist: What account will your badge have? Do you plan on accretion functionality as time progresses?

Our badge is alone redeemable for in-game bill and we accept no affairs to change or access functionality above that. The KamaGames Badge is dependable, is no-risk and is guaranteed. These are all admired qualities to us that we do not appetite to jeopardise.

Bitcoinist: How are you arrest the affair of security, both during the badge auction and afterwards funds accept accrued?

We’re in the tech amplitude and accept been for nine years, so we are actual accustomed with agenda aegis challenges and accordingly encryption, applied aegis measures and an acquaintance of threats is not new to us.

I cannot go into too abundant detail, but we’ve called trusted solutions to abeyant breaches that accept accurate awful able beyond our business.

Additionally, for the badge sale, we additionally advised any and all abeyant challenges associated with blockchain and crypto technology.

We use rigorously-developed and activated badge auction platforms, Multi-Signature algid wallets for autumn tokens & crypto, DDoS aegis and we consistently adviser all of the apparatus to accomplish abiding they are alive properly.

We additionally use a appealing accepted smart-contract to abstain any abeyant vulnerabilities.

What are your thoughts on the Kama Games Q&A? Don’t alternate to let us apperceive in the comments below!

Images address of KamaGames.