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DMarket

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Global marketplace based on blockchain and smart contracts

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Team:

Volodymyr Panchenko - Founder and CEO

Alexander Kokhanovskyy - Co-Founder

Sergey Nemesh - CTO

Andriy Khavryuchenko - Blockchain architect

Game universes are not connected to each other in any way. There is no safe and easy way to trade between them. We are building DMarket - a global marketplace based on blockchain and smart contracts. It enables one-click sale, exchange or evaluation of every virtual item between all games on any platform. The blockchain will ensure 100% security and safety. Smart contracts are the bridge on blockchain to connect all game worlds and universes without any third party needed. They will log changes of ownership and automatically transfer payments. The DMarket Token is native to DMarket, it is the only currency used in the marketplace.

Expert Review

TokenTops
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4.9 out of 5

DMarket wants to provide users with a platform where such trading of game-related assets and digital items of value can take place. There isn't in fact any proper tool or facility for users to sell their items. Every gamer who wants to use the platform, will get their own digital wallet connected to the blockchain. That way, only the player has access to it's tokens and items. A possibility of selling that particularly interesting armor, weapon or clothes for a game character can even turn into a whole business, where a player can "work" in game, by getting these items through various challenges or other in-game tasks, and then selling them to other players. Some people may be concerned that with Steam being the biggest platform on the market, it's hard to compete with them, however DMarket can offer what Steam can't, which is monetizing your trading profit.

User Review

Write review 8 reviews
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van15 november 2017, 07:52

I'd like to comment on Anger Management's statement;
"I like the fact, that such platform can actually make item farming a job."

This has been an ongoing "problem" in gaming for over a decade. People have been farming (even using Bots to do so) and then selling items to Chinese merchants. These companies will pay you a small amount for Gold acquired in, for example, World of Warcraft. The company will then later create fake / bot accounts and sell the tokens to users who pay in cash on their websites.

The bot then meets the user in-game and executes the trade. The problem is, Blizzard, Steam, and other plat forms will ban accounts the *first time* they do this. Since they have been doing this since at least 2005 I don't see them changing their stance on it.

Not only that, but this company has absolutely *no need* for any kind of token. They appear to be creating an ICO solely for the purpose of creating a token and generating capital. There is no additional problem being solved.

Another big issue; The majority of the merchants that use the SkinCash platform are based in Russia. Russia is cracking down on Cryptocurrency and the government is taking steps to make them entirely illegal for everyone except institutional investors. Instead Russian's will be able to use the CryptoRuble, a proprietary currency which makes it easier for the Russian government to keep track of their citizens spending habits.

If the majority of their merchants won't even be legally allowed to use the token, what good is it? They'll either have to find new countries to deal with or just let their platform flop. Which I'm sure won't be an issue once the ICO is concluded and they transfer all of the proceeds into fiat.

There is absolutely no evidence that this team needs this token, or that they intend to deliver on their promises. I'm afraid this is the exact kind of company that the SEC is going to use as a case against the entire Cryptocurrency movement.

Look into EnjinCoin. A company with about a decade of experience and has a coin which is actually needed in order for the currency to function. They are also solving several problems faced by the game development community and are doing so in a transparent fashion. They are beating DMarket out of the gate by about 9 years and their token has been on the markets for 3 weeks now.

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Anger Management01 november 2017, 22:03

I like the fact, that such platform can actually make item farming a job. I mean, there could be literally people who would play games just to sell the items with profits just like it would be a regular full time job. I think, if the platform is able to live up to the hype, they will become one of the biggest things, as gaming in the future, won't be perceived only as waste of time or some activity for kids, not only it is already an official esport, but it can become an asset producing activity.

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RathL19 august 2017, 11:39

It is an interesting concept. Gamers would love to get some value for the time they spend on creating digital assets by trading them. This would give them incentive to spend more time in the game. The proof of concept will need to be tested.

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palmbird19 august 2017, 11:16

Advantage is that this is fot a change is something different then other project,investors are looking for something that is an eyecatcher.On the platform you will be able buy stuff of many kinds with the token.It will be an exchange between different types of games what is a new concept.It all creates value to gaming and directly also pleasure because you can swap between different games and stil hold your rewards. Only thing is that promotian should be better as is see it on video's.

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sadirmrida18 august 2017, 07:20

Dmarket is a global marketplace where any one exchange their games token. Globally it's a platform.

Dmarket have some advantage. if ones get any token by played game. He/she can exchange it with others. By this way players shine their life. There are not any possibilities for scam. I suggested that anyone can use Dmarket without any doubt.

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themainman17 august 2017, 09:38

pros
Dmarket has come to provide game developer oppurtunity to make money. Dmarket is a digitial market which enables one-click sale, exchange or evaluation of every virtual item between all games on any platform. Dmarket goal is very realistic and the team members have great experience which are traceable. token sales is on phases and they offer bonus on token sale which can be purchase using ETH, BTC, ETC, LTC as the case may be.
cons
minimum goal to start is very high

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Mazi117 august 2017, 03:29

I have to admit that DMarket is a an outstanding idea. I am just thinking of it right now, why did this idea took so long, and right now i must confess that i’m jealous. I wish this was my idea.

The concept of DMarket, is to give game items or valuables real value. With DMarket you can sell the items you own in a game for real token, and use that token to make purchases on other games. This means that items in games now have real values. This might be a stretch, but it would be even better if this token could be exchanged for real crypto currencies.

In all, i have to say that this is a phenomenal idea.

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twentyone2116 august 2017, 21:46

That can be really a revolutionary project that if succeeded can change the whole game market. It aims to create a platform where you could trade your virtual game goods for this token. That means that if you play let's say Game1, sell your items for that token, you can then later with that earned token buy items at Game2, meaning it will create a whole market and exchange of virtual goods between games, something indeed revolutionary. You could then earn some tokens playing one game and spend it in the other. I find this idea really brilliant and hope it will work out.

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