Boliecoins Brings Gaming to the Blockchain

BoliesTV is pioneering an entirely new industry in the video gaming world. BoliesTV is the company’s novel platform for Live Streaming PVP Fantasy Gaming. To support the technology, the company launched its cryptocurrency, Boliecoins, pre-sale in May 2018 and the crowdsale from August 2018.

Executive Summary

The pre-ICO for the Boliecoins launched in May 2018, and presently has its crowdsale live on their website. Boliecoins was created to drive the live streaming and gaming platform of the company, BoliesTV. The platform is proposed to be released in December 2018, provided the ICO campaign runs successfully.

BoliesTV promises to be a successful venture with the coin growth powered by an exciting mix of video gaming and wagering. As the selling point of the Boliecoins is unique in a lucrative industry, the right combination of incentive and stakeholders could propel it above what presently obtains in the gaming ecosystem.

Technical Overview

Boliecoin provides a block time 4 times faster than major cryptocurrencies around, making the transaction speed as fast. BolieTV is a decentralized fantasy gaming site, a first of its kind that powers the Boliecoins token.

The Team

Boliecoins was developed together with the BoliesTV technology, which was launched in 2017. The private company with a similar name, Bolies, developed the cryptocurrency as a token to drive their concept of PVP Video Gaming Live Streaming. The team is led by the founder and CEO, C.L. Curtis. Others include the Head Developer and programmer, Augast Nayak and his team, Joyce Coleman, the Operations Consultant, and Chris Coleman, executive marketing analyst.

C.L. Curtis in 2017, conceived the idea to merge public passions for Video gaming and live wagering into a platform to birth a new industry.

Technology

Boliecoins was launched as the underlying cryptocurrency to back the decentralized Bolies video gaming platform. The company informed the public that wagering and other transactions are carried out at real time a little faster than other cryptocurrencies.

The coin was designed with the widely used algorithm named X11 with a few, quite technical modifications. Boliecoin can be mined using any good CPU without extra hardware for high-powered processing.

As stated earlier, the time to execute transactions using the Boliecoins is 4 times faster than with Bitcoin and its derivatives. Also, for each block on the blockchain, more transactions can be allocated than in Bitcoin and other popular cryptocurrencies. Thus, Boliecoins has a faster transaction processing pace than Bitcoin and other cryptos out there.

Vision Drivers

Boliecoin is driven by the vision of its founder to lead the market in Video gaming services. Billions of people across the globe participate in the video gaming ecosystem, this is the potential market for the BoliesTV platform backing the cryptocurrency.

New studies have even revealed that more players are engaged in online gaming in the last few years than previously recorded. The potential partnerships, strategies and influencers for the BoliesTV concept makes the coin a strong potential for success as the gaming industry annual reveues already soars above $100 billion per annum.

A mainstay for many successful ventures in the online tech companies is the ability to keep the users enthralled for a long period of time. BoliesTV offers to provide the thrill for users and partners, while they also enjoy their profits. Furthermore, Boliecoin could be an easy alternative for in-game purchases for many online games, as well as other services associated with playing games online.

Video games are a lot more popular than movies these days. This fact puts in perspective the upward trend of gaming all over the globe. Innovative concepts such as BoliesTV have so many prospects as a part of the emerging Blockchain revolution. A cryptocurrency backed up by such an idea in a growing niche can only receive great forecasts from researchers.

From the companies whitepaper, Bolies aims to create a more illuminating gaming platform and league with the first ever Fantasy Gaming site. Though, loftier claims have been made by companies in the Blockchain and cryptocurrency business without matching results.

Peer Comparisons

Boliecoins is in uncharted territories with its concepts. But with the huge gaming industry, one could catch a glimpse into the immense potential of the cryptocurrency to challenge the established ones like Bitcoin and Ethereum in popularity and usage. The project is building the right partnerships at present, and this will drive the needed momentum for the platform.

Use Cases

According to the team, transactions with Boliecoin will attract a user fee comparably lower than many other alternative coins out there. The company maintains a backend admin website for monitoring every transaction with the currency. Users on BoliesTV will also be able to create channels to build followership on the platform and manage their accounts.

It has also been reported that BoliesTV will take fiat and popular cryptocurrencies. It is a move that would make the transition to the platform easier for the gamers. It is also a good incentive for investors, as it shows the company’s adaptability in an emerging market.

From the legal standpoint, the coin is not categorized as a security. But with changing regulations and public perspective on blockchain around the world, this stance could be changed, sooner than later.

Boliecoins Popularity

Boliecoins is a new idea, but online chatter about the coin has gathered pace since the pre-ICO was launched. Since the company’s primary focus in the video gaming world, the project can continue to attract attention as a novel one in the gaming sphere of the internet. Ultimately, the concept’s ability to attract investors, game designers and enthusiasts will determine its success.

Valuation of Boliecoin (BOLC/USD)

The pre-sale was on sale for $0.10 USD till August 2018. At the moment, the crowdsale price for a token of the cryptocurrency is $0.50 USD. There are 90 million tokens available in the crowdsale, and the softcap is set at $10 million USD. According to the company, 30% of the token available is available for crowdsale, while another 30% is reserved for future use.

Summary

Start-ups such as BoliesTV have huge potential for success with the right tools, especially in untested waters. The Live Streaming PVP video gaming service could be the next big thing in the gaming world, and in turn, for the investors in the company’s token. BoliesTV plans to make a better league and gaming platform for the world and with the right partnerships, it can make this happen.