Blockchair The new-age blockchain explorer, search, and analytics engine, Blockchair offering support for Bitcoin network has gained the attention of leading cryptocurrency mining hardware

Blockchair Works Towards Becoming the Google of Blockchain World, Receives Bitmain’s Backing

Bitcoin Press Release: Blockchair, a Bitcoin blockchain search Fand analytics engine has announced plans to support Ethereum, receives support from well-known cryptocurrency hardware company, Bitmain.

 Blockchair The new-age blockchain explorer, search, and analytics engine, Blockchair offering support for Bitcoin network has gained the attention of leading cryptocurrency mining hardware

FOREX INVESTORS  Blockchair The new-age blockchain explorer, search, and analytics engine, Blockchair offering support for Bitcoin network has gained the attention of leading cryptocurrency mining hardware manufacturer, Bitmain. The platform, backed by Bitmain has also announced its intention to include support for Ethereum blockchain in the coming days.

The Blockchair search and analytics engine can be considered as a “blockchain explorer on steroids”. The platform allows users to query the Bitcoin blockchain, filter blocks, transactions, and outputs, by over 60 different criteria. The platform also allows customers to run a full-text search over the blockchain. By replicating it with Ethereum blockchain, Blockchair is soon going to offer the same benefits to the Ethereum community as well.



Blockchair

 

Blockchair‘s long-term mission is to become the blockchain equivalent of Google. The company’s next priority is to create private APIs for traders, which will make it possible for them to integrate blockchain analytics into trading algorithms. Blockchair also provides researchers with a way to batch export data from blockchains.

The in-depth analytics of the Bitcoin blockchain offered by Blockchair’s algorithm has a wide-range of applications and it can be utilized to detect trading patterns and generate trading signals with significant accuracy. Currently most traders base their trading decisions on factors like market depth, order history, etc. Trading platforms and other cryptocurrency applications can utilize the open APIs provided by Blockchair to create querying, prediction and trading signals tools within their platforms. Eventually, Blockchair intends to position itself as a platform similar to Bloomberg Terminal for digital assets.

The Blockchair Team

Blockchair is the creation of a team of three highly skilled individuals from academia.

Nikita Zhavoronkov, Engineering Lead and Bitcoin Explorer Developer
An information security expert specializing in AML/CFT. He teaches cryptocurrency and blockchain technology at NRNU MEPhl, Moscow

Yedige Davletgaliyev, Ethereum Explorer Developer
An MSc student in the Economic security at NRNU MEPhl, Yedige is an advisor in Ethereum and blockchain technology to various financial institutions.

Alexandra Ivanisenko, Communications Officer
An AML/CFT specialist and a student in MSc Consumer Affairs at Technical University of Munich, Alexandra handles marketing and communications for the platform.

Learn more about Blockchair at blockchair.com

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Google Stock Set to Test The Alphabet Inc (NASDAQ:GOOGL) stock chart is under fire as the European Commission

Google Stock Set to Test This Extremely Important Key Metric

GOOGL Stock: Is an Opportunity Approaching?

Google Stock Set to Test The Alphabet Inc <span data-recalc-dims=(NASDAQ:GOOGL) stock chart is under fire as the European Commission" width="300" height="200" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/06/GOOGL-Stock-300x200-Small.jpg?resize=300%2C200 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/06/GOOGL-Stock-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS  Google Stock Set to Test The Alphabet Inc (NASDAQ:GOOGL) stock chart is under fire as the European Commission (EC) laid down the law and fined the company $2.7 billion. This fine was attributed to the fact that Alphabet used its market dominance as a search engine to dole out illegal advantages to preferred merchants and products. Aside from the fine, Google has 90 days to rectify this illegal practice. This news sent shock waves towards Google stock investors and the share price took a hit, losing 2.47% on the day.

Damning news such as this always creates some sort of reaction, and it usually takes a few days for the dust to settle in order to gauge the true nature of the news that was just shelled out. I have taken, and will continue to take, my cues from the GOOGL stock chart as an indication of whether this investment remains compelling.

The following Google stock chart illustrates the predominant long-term trend.




Google Stock Set to Test

 

gugl

 

Using this trend line as an indicator is as simple as it was to create. As long as Alphabet stock is trading above it, I can only assume that the bull market is still in development, and therefore higher GOOGL stock prices can be expected.

This uptrend began its development in 2004 at $48.03. 13 years later, the price remains above it as Google stock is trading at $955.57, attempting to breach the $1000 barrier on a sustained basis.

The following Google stock chart illustrates the developments on the price chart that are suggesting a pullback to test the uptrend line may be in the works.

googl price chart

 

This GOOGL stock chart illustrates that, for the last two months, a head and shoulders price pattern has potentially been in development. This price pattern contains three peaks and a neckline. The second peak is the head and it is the largest. The first and third peaks are the shoulders and they are approximately of equal size. The neckline is the horizontal trend line that needs to be breached in order to confirm the pattern.

The relative strength indicator (RSI) highlighted on the price chart above has been exhibiting a negative divergence. This divergence is made apparent as the RSI indicator failed to make a new high while the Alphabet stock price managed to do so in June. This is an indication that momentum is slowing and not confirming the advance. This divergence is supportive of the head and shoulders price pattern that is in development, and lower prices can be expected once the pattern is completed.

 

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BUZ INVESTORS Google Waymo When it comes to self-driving technology, Alphabet Inc (NASDAQ:(GOOG), aka Google, is cited as the undisputed leader.

TSLA Stock: Is Google Waymo Bad News for Tesla?

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Could Google Waymo Hurt Tesla Stock?

BUZ INVESTORS  Google Waymo When it comes to self-driving technology, Alphabet Inc (NASDAQ:(GOOG), aka Google, is cited as the undisputed leader.

Yet, we must credit Tesla Inc (NASDAQ:(TSLA) for bringing this technology to the mainstream auto industry before Google. The reality is that the two companies are now neck-and-neck in the race. But holders of Tesla stock must be fairly cautioned that Google’s new nitrous oxide kit (read: Lyft partnership) could give it a boost past Tesla, and likely hurt TSLA stock.

To give you an idea why this matters, Tesla’s self-driving software, “Autopilot,” is a high-margin product in terms of revenue (more on this later). What this simply means is that Tesla spends little on the software and sells it for a high price. Thus, Tesla gets to keep the huge difference as profits

What Autopilot Competition Means for TESLA Stock

Coming back to Autopilot revenue, Tesla’s gross margins on this self-driving system are roughly estimated to be in excess of 90%. Yes, more than 90% of the system’s sale price is straight-up profit for Tesla. Contrast this with Tesla’s overall automotive gross margins, which stood at a little over 27% in the latest quarter.

 Google Waymo

Now, Tesla sells two types of self-driving systems. Here’s a quick look at them.

  1. The “Enhanced Autopilot” system, with limited self-driving capabilities, sells for $5,000.
  2. The “Full Self-Driving Capability,” offering complete autonomy, can be added for an additional $3,000.

So the complete package can cost buyers, who opt for it, $8,000.

Let’s say we stay conservative in our estimates and take the basic package of Enhanced Autopilot. With roughly 90% gross margins, the company is taking home a solid $4,500 in gross profit on each sale!

Why Waymo-Lyft Partnership Is Bad News for Musk’s Master Plan

Now, Google’s Waymo has just announced a new partnership with Uber Technologies, Inc.’s biggest competitor, Lyft, to make ride-sharing fully autonomous. It’s easy to predict that this will be hurting Uber.

But you may ask now why this is bad news for Tesla. To understand that, let’s revisit Tesla Chief Elon Musk’s Master Plan, Part Deux.

The second installment of Musk’s master plan includes four key goals. Two of these goals on the list are relevant here. (Source: “Master Plan, Part Deux,” Tesla Inc, July 20, 2016.)

Bottom Line on TSLA Stock

My returning readers must already know that I’m a Tesla enthusiast. This makes it incredibly difficult for me to make an anti-Tesla pitch. But, in my line of work, neutrality is both an ethical and professional requirement.

I’ll reiterate that Tesla is still early in its journey up a high growth trajectory and, thus, has a lot of room to keep growing in the coming years. Musk’s first master plan has been successful and the second master plan is nearly halfway achieved.

Business Description

Industry: Autos » Auto Manufacturers    NAICS: 336211    SIC: 3711
Compare: NYSE:(GM), NYSE:(HMC), OTCPK(:BMWYY), NYSE:(F), OTCPK:(HYMTF), OTCPK:(NSANY), OTCPK:(AUDVF), OTCPK:(RNLSY), OTCPK:(VLKAY), OTCPK:(FUJHY), OTCPK:(DDAIF), NYSE:(TTM), NYSE:(FCAU), OTCPK:(GNZUF), OTCPK:(SZKMY), OTCPK:(POAHY), OTCPK:(PUGOY), OTCPK:(BYDDF), OTCPK:(TYIDY), NYSE:(RACE) » details
Traded in other countries: TSLA34.Brazil, TL0.Germany, TSLA.Mexico, TSLA.Switzerland, 0R0X.UK,
Headquarter Location: USA

Tesla Inc is a vertically integrated sustainable energy company. It designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.

Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. It sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. The Tesla Roadster debuted in 2008, the S in 2012, and the X in 2015. Global deliveries in 2016 were 76,285 units. Tesla went public in 2010 and employs about 30,000 people.

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BUZ INVESTORS CoinIdol, the popular 9-month old cryptocurrency news outlet records over 5000 page views a day amid rising interest in the platform and crypto-industry.

Google Registers a Record 5000 Page Views per Day for Cryptocurrency News Outlet CoinIdol

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Google Registers a Record 5000 Page Views per Day for Cryptocurrency News Outlet CoinIdol

BUZ INVESTORS  CoinIdol, the popular 9-month old cryptocurrency news outlet records over 5000 page views a day amid rising interest in the platform and crypto-industry.

BUZ INVESTORS  CoinIdol, the popular 9-month old cryptocurrency news outlet records over 5000 page views a day amid rising interest in the platform and crypto-industry.

May 8, 2017 – The top cryptocurrency and blockchain news outlet, CoinIdol has crossed a new milestone by clocking over 5000 page views a day. The achievement comes in less than nine months of operations which began after the first article was published on July 3, 2016. By April 21, 2017, Google Analytics has started registering a record number of visits and page views.

The CoinIdol team is presently working on the publication’s second world project, which is coming together at a much faster pace than the previous one. The increasing popularity of CoinIdol’s upcoming project has also led to an increase in demand for advertising space. Over 60% of advertisement slots have already been acquired on the new platform, and the rest will be taken up soon as well.

The CEO of CoinIdol George Gor commented on the company’s recent record,



CoinIdol

>>>TRADE NOW<<<

“This record was officially registered by the Google analytics system. It’s an excellent present for my Birthday! We have grown an excellent audience in 174 countries around the world, 1000s of visitors from which read our world news outlet daily. 50% of our audience are from the US and UK, we hope that more and more new countries will read our news every day. Our team of correspondents and experts provide excellent reviews of the world markets. Our brand-new hero CoinIdol, who you know and love from our pictures, will continue to search for the ideal coin for you to use and invest in.”

2017 has so far been a massive year for Bitcoin, cryptocurrencies and blockchain technology in general. The recent interest in blockchain technology among large banks, Bitcoin’s growing value/market cap and the rise of cryptocurrencies like Ethereum, have all led to a need for more consistent and reliable media coverage.

CoinIdol’s recent record of 5,000 page views can be attributed to its coverage of a range of cryptocurrency and blockchain related stories and the recent boom experienced by the industry. CoinIdol believes in fair information dissemination for the community’s benefit and doesn’t shy away from publishing the facts, which sometimes gets overlooked by other players in the segment.

The leading cryptocurrency press release distribution service, Bitcoin PR Buzz which shares a good working relationship with CoinIdol congratulated the news media outlet on its achievement and said,

“As a cryptocurrency newswire, we have seen a great surge in blockchain oriented news sites. However, CoinIdol stands out as an online magazine that is not afraid of controversial topics. The cryptocurrency industry is decentralized by nature, which offers a great opportunity for media to truly enjoy the freedom of speech, we are delighted to see that CoinIdol has seized the opportunity. As long as they stay true to their conviction, we are certain that their numbers will keep increasing.”

CoinIdol has been providing viewers a dedicated and much-needed service within the cryptocurrency and fintech industry; providing accurate, truthful coverage of a wide range of stories and issues. Its dedication to the sector has been exemplified in the recently recorded 5,000 daily page views, and as the second world project comes to fruition, the user base will continue to grow with the company.

About CoinIdol

Coindol.com is an international cryptocurrency media outlet, which focuses on the latest news about Bitcoin, altcoins and Blockchain technology within the financial technology sector. The CoinIdol team has over three years of experience within the digital currency Industry. They’ve created the other world news outlet before starting Coinidol.com.

Learn more about CoinIdol at – https://coinidol.com/

 

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BUZ INVESTORS Google Stock Split The older I get, the less certain I am about the future. Chaos is simply too powerful. But there are moments when the future seems obvious, like when Alphabet Inc’s

When Will Google Stock Split in 2017?

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Will GOOG Stock Split in 2017?

BUZ INVESTORS Google Stock Split The older I get, the less certain I am about the future. Chaos is simply too powerful. But there are moments when the future seems obvious, like when Alphabet Inc’s

BUZ INVESTORS  Google Stock Split  The older I get, the less certain I am about the future. Chaos is simply too powerful. But there are moments when the future seems obvious, like when Alphabet Inc’s (NASDAQ:GOOG) share price topped $900.00. From that point on, it seemed logical that we would see a GOOG stock split in 2017. Some of you might point out that Alphabet hasn’t disclosed an official Google stock split date in 2017…I am aware of that.

But a split is on the horizon nonetheless. It’s not rocket science, dear readers. It’s just common sense. Let me explain.

That alone should set off alarm bells. An entire class of investors out of reach from one of the best-loved stocks on the market? It’s a disaster in the making. Whether it’s reasonable or not, investors don’t want to pay a premium on a $900.00 stock. It just seems like…too much.



 Google Stock Split

>>>TRADE NOW<<<

Why Will Google Split Its Stock? Short Answer: Liquidity

“Liquidity” is just a fancy way of saying it’s easy to sell something.

For instance, money is perfectly “liquid.” Why? Because you can exchange U.S. dollars for any type of asset. Cars, clothes, stocks, bonds. There is basically no obstacle from using money in any of those transactions.

But a piece of heavy machinery, on the other hand, is not very “liquid.” Imagine if you tried selling a tractor. It would take considerably more time and negotiation than getting rid of U.S. dollars. It is, in other words, an “illiquid” asset. Every asset that you can buy falls somewhere on the liquidity spectrum.

Google Stock Split History

Alphabet split its stock once before, in March 2014. There were some interesting reasons for that split (more on that below), but first things first. There’s something you should know about stock splits.

Stock splits don’t change the value of anything.

Shocking, I know. But the truth is that stock splits merely multiply the number of shares that belong to existing shareholders. They don’t dilute your ownership stake, or increase it. They don’t add new value, or subtract any. They’re just…neutral.

Google Stock Split History
Date Ratio
March 27, 2014 2-for-1

So, when Google stock split in 2014, there were suddenly twice as many shares. The number of investors stayed the same, as did their percentage of ownership of the company. But there was one small change: the new shares didn’t have voting rights.

How Will Stock Split Affect Google Stock Price?

There are two questions here: 1) What is the immediate effect of the stock split?, and 2) Will it send Google stock skyrocketing thereafter?

The answer to the first question is that a stock split will slash the price by whatever ratio is decided upon. I did some quick calculations below (based on the price at the time of writing):

Ratio Approximate Price
2-for-1 $456.00
3-for-1 $304.00
4-for-1 $228.00
5-for-1 $182.00
6-for-1 $152.00
7-for-1 $130.00

I did the calculations all the way up to a 7-for-1 split, because those are popular right now. The old standby, 2-for-1, is insufficient for share prices that nearly stretch into four digits. Plus it’s become stylish to perform a grand gesture for the market.

 

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BUZ INVESTORS Google is using AI to help humans Artificial intelligence (AI) is intelligence exhibited by machines. In computer science, the field of AI research defines itself as the study of "intelligent agents":

Google is using AI to help humans and computers communicate through art

BUZ INVESTORS  Google is using AI to help humans Artificial intelligence <span data-recalc-dims=(AI) is intelligence exhibited by machines. In computer science, the field of AI research defines itself as the study of "intelligent agents":" width="300" height="169" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/04/twitter_cover_0.png?resize=300%2C169 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/04/twitter_cover_0.png?resize=768%2C432 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/04/twitter_cover_0.png?w=1000 1000w" sizes="(max-width: 300px) 100vw, 300px" /> any device that perceives its environment and takes actions that maximize its chance of success at some goal Colloquially, the term “artificial intelligence” is applied when a machine mimics “cognitive” functions that humans associate with other human minds, such as “learning” and “problem solving” (known as Machine Learning). As machines become increasingly capable, mental facilities once thought to require intelligence are removed from the definition. For instance, optical character recognition is no longer perceived as an example of “artificial intelligence”, having become a routine technology.Capabilities currently classified as AI include successfully understanding human speech,[4] competing at a high level in strategic game systems (such as Chess and Go), self-driving cars, intelligent routing in content delivery networks, and interpreting complex data.




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Google is using AI to help humans

AI research is divided into subfields that focus on specific problems or on specific approaches or on the use of a particular tool or towards satisfying particular applications.

A program for people who can’t draw good Google Research This is how a Google neural network draws. Google went big on art this week. The company launched a platform to help people who are terrible at art communicate visually. It also published research about teaching art to another terrible stick-figure drawer: a neural network. On… Continue reading “Google is using AI to help humans and computers communicate through art”

BUZ INVESTORS Google Stock Investors (NASDAQ:GOOG, GOOGL) is still recovering from its “YouTube” controversy that led to a few big brands pulling off their campaigns, hurting Google stock. The company has taken concrete steps

Google Stock Investors Need Not Worry About Amazon

Google Inc’s Advertising Empire Is Not Threatened by Amazon.com, Inc.

BUZ INVESTORS  Google Stock Investors  (NASDAQ:GOOG, GOOGL) is still recovering from its “YouTube” controversy that led to a few big brands pulling off their campaigns, hurting Google stock. The company has taken concrete steps

BUZ INVESTORS  Google Stock Investors  (NASDAQ:GOOG, GOOGL) is still recovering from its “YouTube” controversy that led to a few big brands pulling off their campaigns, hurting Google stock. The company has taken concrete steps to overcome this challenge and this could bear fruit in the coming days. “YouTube TV” has already been launched and is expected to become popular with cord-cutters.

But the focus of GOOG stock investors still seems to be on the reports in the media that suggested that Amazon.com, Inc. (NASDAQ:AMZN) could be the next big thing in digital advertising. This would threaten the dominance of Alphabet-owned Google, which together with Facebook Inc (NASDAQ:FB), controls the majority of U.S. digital advertising revenue. So, should Google stock investors be worried?

OTHER STORIES BUZ TRADERS FOLLOW

Google Stock Investors

Amazon and Product Searches

Amazon has taken over the retail space with a bang and even stalwarts like Wal-Mart Stores Inc (NYSE:WMT) are having a hard time figuring out how to get back in the game.

Alphabet mentions in its annual reports that the company faces competition from vertical search engines and e-commerce websites, such as Amazon and eBay Inc (NASDAQ:EBAY). This is because users can go directly to such websites rather than go through Google. So if you are searching for a product, you might directly go to Amazon.com and search for it instead of going to Google.

YouTube to Power Google Stock

There are also estimates of Amazon earning up to $5.0 billion in ad revenue by 2018. However, whatever the range of these estimates, they are still far behind where YouTube is today. YouTube accounts for almost five percent of the American online advertising market at present, the level which Amazon is expected to reach in about four to five years. And at that time, YouTube would be accounting for about nine percent of the U.S. online ad market. (Source: “Amazon’s advertising business could reach $5 billion in revenue in 2018,” Business Insider, April 6, 2017.)

Alphabet Inc’s Superior AI Technology

Google has resorted to artificial intelligence and machine learning again as it tries to solve the problems surrounding objectionable content on YouTube. Due to its dominance in search, it has been working on its market-leading AI for long. The company also entered the market with its AI-powered digital assistant that competes with “Amazon Alexa.”

Although more time is needed to check if “Google Assistant” turns out to be a better choice than Amazon Alexa, there are a few indications that the Assistant may have a lead. (Source: “Google Home Vs Amazon’s Alexa: 54 Questions, 1 Clear Winner,” Forbes, April 6, 2017.)

 

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BUZ INVESTORS Worried About Google Alphabet Inc (NASDAQ:GOOG, GOOGL) has been getting a lot of bad press of late as the issue of ads appearing alongside inappropriate content continues to simmer.

Should You Be Worried About Google Stock?

GOOG Stock Is in the News for All the Wrong Reasons

BUZ INVESTORS Worried About Google Alphabet Inc (NASDAQ:GOOG, GOOGL) has been getting a lot of bad press of late as the issue of ads appearing alongside inappropriate content continues to simmer.

BUZ INVESTORS Worried About Google  Alphabet Inc (NASDAQ:GOOG, GOOGL) has been getting a lot of bad press of late as the issue of ads appearing alongside inappropriate content continues to simmer. A few big budget advertisers have pulled their campaigns and more could follow if Google-parent Alphabet is not able to convince advertisers fast. Google stock fell almost four percent last week over these developments and continues to trade subdued. What should you do?

Alphabet Inc–owned Google has many growth catalysts ahead and this incident is unlikely to impact any of them. The company must act fast as this could dent the credibility of the “YouTube” platform, but there is not going to be any major impact on the company’s revenue, which would likely bring GOOG stock back to its normal levels.



OTHER STORIES BUZ TRADERS FOLLOW

Worried About Google

There have been reports, such as the one from Instinet that estimates that YouTube could lose $750.0 million in revenue this year as advertisers pull their campaigns. Others also have chipped in with their own calculations. However, it is too early to arrive at such estimations. Google has a number of advertisers and a few of them pulling out is unlikely to bring about any significant damage to the company’s financials or Google stock.

GroupM shall use video analytics company OpenSlate to analyze the content of channels on the list provided by Alphabet owned Google. Through this, GroupM can get to know ahead of time as to where its clients’ ads should run. (Source: “Google is letting its advertisers who bolted see which videos their ads could run on,” Recode, March 29, 2017.)

Such steps are positive for the GOOG stock image as it displays the management’s commitment. Alphabet is adding more controls for advertisers following the backlash that started last week. Big advertisers like AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) decided to suspend their ads on YouTube after discovering that their ads were funding videos with objectionable content. Google had promised more transparency and swiftness in solving the problem and it is following up on its promises.

Alphabet mentions in its annual reports the way it makes money. It explains how the company has invested heavily in programmatic advertising to help advertisers reach users when and where it matters, through automated ad buying. Alphabet further adds that it has allocated substantial resources to stopping bad advertising and protecting users on the web.


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BUZ INVESTORS MetaGold Indie Game Studio Releases “War of Magi – MetaGold LLC, the Moscow-based indie game development studio has announced the demo release of its latest game title “War of Magi” on Google Play Store. T

MetaGold Indie Game Studio Releases “War of Magi” Demo on Google Play Store

MetaGold Game Studio’s launches the demo of “War of Magi” game on Android, announces plans for an MMO following successful crowdsale.

BUZ INVESTORS MetaGold Indie Game Studio Releases “War of Magi – MetaGold LLC, the Moscow-based indie game development studio has announced the demo release of its latest game title “War of Magi” on Google Play Store. T

BUZ INVESTORS MetaGold Indie Game Studio Releases “War of Magi – MetaGold LLC, the Moscow-based indie game development studio has announced the demo release of its latest game title “War of Magi” on Google Play Store. The announcement includes the platform’s plans to develop and launch one of its kind MMO game offerings as a final stretch goal of the crowdsale.

The “War of Magi” is a cross-platform, turn-based multiplayer adventure card game, capable of supporting large numbers of players in the game’s virtual setting. The story follows an aspiring young magician in his quest to master the elements of Fire and Ice to understand the secret behind the hidden knowledge of magic. Players will become the master of war magic and explore dozens of spells whilst improving their magical skills and knowledge. The final release of the game will have a story campaign with 50 missions and a multiplayer option that follows the league system. The gameplay comprises enchanting graphics and visual elements.



OTHER STORIES BUZ TRADERS FOLLOW

MetaGold Indie Game Studio Releases “War of Magi

MetaGold Studio’s “War of Magi” demo on Android offers a glimpse into an exciting opportunity for players to immerse themselves in a virtual world and crypto-ecosystem that spans across multiple titles. The platform’s unique ecosystem gives players the freedom to buy and trade the in-game currency and items in both virtual settings and online exchanges.

The MEG cryptocurrency is powered by Ethereum blockchain’s ERC20 tokens which form the backbone of MetaGold gaming universe that includes the games like War of Magi, Project X and other future game titles. In addition to being part of the in-game economy, MEG can also be traded on various exchanges. The proof of ownership of in-game purchases like custom skins, characters, booster packs, weapons, etc. is stored on Ethereum blockchain, making it possible for players to trade, sell or store them safely. All MEG token related activities are free from third-party intervention and can be easily verified on the blockchain.

MetaGold MMO

MetaGold’s one of its kind Massive Multiplayer Online (MMO) game, offered as the final stretch goal of the MEG crowdsale creates an ideal confluence of in-game and real-world economies by using cryptocurrency. The MMO supports a player-driven economy using MEG cryptotokens on Ethereum blockchain. Players on the game will enjoy the ability to earn as well as spend the cryptocurrency both within and outside the game.

Imagine a miner within the game, mining all kinds of metals and selling them for actual cryptotokens. A blacksmith buying the metal by paying MEG will then use to craft a sword. Once crafted, the blacksmith can either sell the sword within the game or withdraw from the game and put it up for an online auction. The highest bidder in the auction gets the sword upon paying the bidding amount in MEG. The blacksmith, receiving the MEG from the auction can use the tokens to buy himself new set tools.

An adventurer, who bought the sword, takes it on a quest selected from a board in the village (written by a NPC or an actual person) that may involve exploring ancient ruins for rare ingredients, or to free a particular area from the monster occupation.

The in-game economy works a lot like real-world economics, where even the virtual land and house rights can be bought and sold using MEG both within and outside the game.

The game allows users to have villages, keeps and player factions, wage wars against each other and more, all while using MEG as a currency which also holds value outside the game environment. The MEG tokens can also be implemented in other games, irrespective of whether MetaGold Studios develop them or not.

The MetaGold MMO with a player-driven MEG economy will become a reality once MetaGold reaches the crowdsale’s final goal.

MEG Crowdsale

The indie game development studio has announced the upcoming crowdsale, starting on April 3, 2017, at 0600(UTC). During the month-long crowdsale, MetaGold aims to raise anywhere between $250,000 and $6 million which will be used for further development of the game features and to strengthen its game economy. The successful crowdsale will also mean the launch of a first of its kind cryptocurrency based MMO with a player-driven economy. The price per MEG token during the crowdsale is set at 0.0011 BTC (or its equivalent in ETH), along with early bird bonus slabs that will realize upon completion of the crowdsale.

The first 1 million MEG tokens carry a 20% bonus, which will reduce to 10% for the next 1.2 million MEGs. It will be followed by the third bonus slab of 5%, applicable for the next 1.4 million MEGs. The final tranche of 2.01 million MEGs won’t carry any bonus.

If MetaGold does not reach the minimum target of $250,000 USD, all BTCs and ETHs collected during the fundraising period will be refunded.

About MetaGold

MetaGold is an independent game development studio based in Moscow, Russia. The Three-member game development and distribution team is led by Michael Solomatin as the CEO/Senior Game Developer, Dmitry Kolyshko as the Web Developer/System Admin/Support, and Alexey Terenin as the Game Developer.

Learn more about MetaGold at – http://metagold.io/


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