KuCoin AMA With Game Token (GAME) — Elevating the Web3 Gaming Experience in Sports-Oriented Games

Dear KuCoin Users,

Time: June 05, 2024, 12:00 PM - 01:02 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session featuring the CEO of GameOn, Matt Bailey, in the KuCoin Exchange Group.

Official Website: https://www.gameon.app/
Whitepaper: Click to view

Follow Game Token on X and Discord

Q: Can you start by giving us an overview of GameOn, the $GAME token, and its core functionalities within the GameOn ecosystem?

Matt: GameOn is a next-gen fantasy sports partnered with the best leagues in the world like LALIGA, PFL, and Karate Combat. The mobile-first app is powered by $GAME and backed by Comcast, Times Internet, Lightning Capital, Arbitrum, and tier 1 KOLs like Mario Nawfal, Ash Crypto, Boxmining, Miles Deutscher, Size Chad, Keyboard Monkey, Hustlepedia, and Coach K.

$GAME fuels our fantasy sports ecosystem by providing rewards across different sports, but also acting as consumable within the apps to buy playable avatars of your favorite athletes, boost and upgrade your players, and win prizes like VIP tickets, signed jerseys, and player meet-and-greets.

Q: With the Token Generation Event (TGE) set for June 3rd, what should participants expect during the launch, and how can they get involved?

Matt: Well, June 3 was two days ago. So, people are best getting involved by signing up at KuCoin, buying a few $GAME tokens, and getting in the game! Are there any sports fans in the house?

Q: Could you explain the tokenomics of $GAME and how it supports the overall ecosystem?

Matt: $GAME is primarily (you guess it) a game token. So, it means that there are no VCs in the token whose motive is to buy at a discount and dump on holders. GAME's tokenomics are primarily focused around sustaining and long-term game economy. There are no pre-sale investors, there was no public sale, and all teams are locked up for 3 years. We want GAME in the hands of sports fans and fantasy gamers. For the purpose of changing the way we play. So, there's a very small circulating supply at launch.

Q: Can you share more about your partnerships with major leagues like LaLiga, PFL, and Karate Combat, and how they enhance the GameOn platform?

Matt: Personally, my background is professional sports. I worked in the NBA and NHL, so naturally I'm creating partnerships for GameOn and the $GAME token. Right now we partner with LALIGA, PFL, and Karate Combat, and we intend to continue onboarding the best leagues in the world. React to this with the sports/league emoji you want us to sign next.

Our goal is to not only provide the best fantasy sports experience via our partnerships, but to also get our community closer than ever to their favorite sports, leagues, teams, and athletes.

Check out our community members at a VIP LALIGA experience lately.

Q: Can you elaborate on the key utilities of the $GAME token and how they enhance the user experience within the GameOn app?

Matt: We already answered this.

$GAME fuels our fantasy sports ecosystem by providing rewards across different sports, but also acting as consumable within the apps to buy playable avatars of your favorite athletes, boost and upgrade your players, and win prizes like VIP tickets, signed jerseys, and player meet-and-greets.

Q: How does GameOn leverage Web3 technology to provide a unique and engaging experience for its users?

Matt: Web3 allows us to take fantasy sports to the next level, although it's important that it's in a context they're familiar with. We leverage player avatars of your favorite athletes (for example, LALIGA stars like Mbappe), that are actually NFTs. This provides true ownership and interoperability between leagues, although they aren't branded as NFTs on the front end. And you can buy them through in-app purchase / credit card.

Similarly, the $GAME token provides unified experiences and rewards across the different sports in the ecosystem. In the app, $GAME is masked as CREDITS which is a soft currency that's backed and fueled by $GAME. Every time someone buys credits, we buy $GAME from the market and convert it to CREDITS, fueling the $GAME ecosystem.

To onboard the masses to Web3, it must be in a context they're familiar with.

Q: What are the standout features of the GameOn app that differentiate it from other fantasy sports and gaming platforms, and what strategies are you implementing to drive adoption and growth?

Matt: GameOn differentiates by:

1. Being match-based, not season-long or weekend-long, making it easier and more frictionless to get in the game.
2. Focusing on live elements like boosts, power-ups, and substitutions live during the matches.
3. Being fueled by Web3 and allowing true ownership of assets, unified rewards, and interoperability between games.
   

Q: Looking ahead, what future developments and features can users expect to see in the GameOn app, especially those involving the $GAME token?

Matt: You can expect more of the best leagues to come on board. My dream would be FIFA, UFC, NBA, and NFL. And you can expect more innovative functionalities for $GAME in the fantasy sports games. We're just getting started. TGE was the start line, not the finish line, so follow our journey and get in the game with us.

Q: Surviving in the cryptocurrency market is difficult and many projects fail to achieve their goals. What strategy is your project using to stay afloat in this tough blockchain race?

Matt: You're 100% right! Surviving is key, but this isn't our first rodeo. GameOn has been around for 6 years through multiple bear markets in both crypto and the stock market (fun fact, we're public in Canada under ticker symbol GET). And we're on track to be profitable this year. So, we're well positioned to survive whatever the markets throw at us.

Q: Do you have any official social media channels, like Twitter, Telegram, or Discord, where I can find the latest news about GAME? I've come across several fake groups on Telegram and Twitter, so I want to make sure I'm following the right ones. Can you provide the links to your official channels?

Matt: Yes, please follow us on X and sign up to email/game updates here.

That's where you'll find all the alpha. We have lots of big announcements and releases in the coming weeks.

Q: When will your tokens be listed on exchanges and which exchanges do you plan to list on in the future?

Matt: We listed 2 days ago on KuCoin, Gate.io, and MEXC! It's still nice and early to get in the $GAME. You can find us on KuCoin.

Q: What is the background of your project team? Do you think the team's qualifications, and experience will be able to support the ongoing development of the project?

Matt: Our team comes from a strong sports, games, and Web3 background. We've come from companies like the NBA, Brooklyn Nets, NHL, New York Islanders, Take-Two Interactive, Twitch, Zed Run, EA Sports, FIFA, and more. This is what we are born to do!

Q: Is your platform suitable for crypto beginners? Or is it only limited for professional users?

Matt: $GAME's bold vision is to onboard the masses to Web3 in a context sports fans are familiar with. For us, that's fantasy sports. If you're a crypto beginner, you won't even know you're engaging in Web3. It's a web2-friendly UX that is mobile-first, has fiat payment rails, etc. For those more crypto-savvy, you'll nerd out on all that's under the hood such as NFTs, interoperable assets, and the $GAME token that takes fantasy sports to the next level.

🎁 Participate in the Game Token AMA quiz now for a chance to win $10 in GAME!

The form will remain open for five days from publishing this AMA recap.

KuCoin and Game Token have prepared a total of $2,000 in GAME to give away to AMA participants.

1. Pre-AMA activity: $800 in GAME

2. Free-ask section: $50 in GAME

3. Flash mini-game: $400 in GAME

4. Post-AMA quiz: $750 in GAME

Sign up for a KuCoin account if you haven’t done so yet, and ensure you complete your KYC verification to be eligible for the rewards.

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