Geekkos – The Future Crypto Made For Gamers [UPDATED]

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[UPDATE 16-02-2015 10:50 AM +2 UTC]

Geekkos failed to reach the success condition to their crowdsale (80 BTC). The amount raised (11.20 BTC) it isn’t enough to make their project possible. The refund is already underway as they promised. So this will give us another reason to trust it’s developer, not running with investors funds.

On other note they are preparing a remake of this crowdfund with the help and feedback of their investors hoping for a better performance this time, they admitting they have done a few mistakes that might have influenced this project, PR and organization related. With that said they are ready to start it again and better prepared, they also released a Press Release & Feedback Form to help them understand their investors better.

Press Release & Feedback Form : https://docs.google.com/forms/d/1klHfbkyrvtuS1tWjO8T3uK6uZxD-pRDDVzsyhckmoks/viewform?c=0&w=1

What is Geekkos ?

Geekkos is a project with several great ideas for gaming industry.

The main one is that they (the team) want to reward gamers for playing games they already play and reward investors for participating in the project with several revenue streams. They aim to make it all possible with a line of developments. A crypto currency (also called Geekkos, or by its trading symbol, $GEEK) similar to Bitcoin will be the base of the whole project and distributed through the crowdsale.  After that, they will develop a software, a store and a game.

The software is called Proof of Play (PoP) and will be the responsible for rewarding gamers through the crypto currency fund, and is going to be distributed for free. The gamers will receive a number of coins based on the number of hours played and the total of gamers playing on a daily basis. GEEK will be easily exchanged for Bitcoin and currencies like USD and BRL.  At first they will integrate recently launched games and other games decided by its community into the software. They will also generate income from ads that will be displayed outside game sessions, without disturbing gamers. This income will help them increase their fund to distribute more coins and also reward the investors since the team will be buying these coins in the open market from them.

The store will sell/exchange digital games and other things for GEEK coins, Bitcoins and other currencies. The game (called Unrekt) will involve the crypto community and famous characters, like Bitcoin’s mysterious creator Satoshi Nakamoto and Doge, within a MOBA style.

 

You can read more details of how the system will work inside the whitepaper linked below.

 Links & Information

 

Technical Specifications

Ticker: $GEEK
Initial coin supply: 10M (10,000,000) distributed via crowdfunding
Algorithm: Scrypt – 100% PoS v2 (Proof of Stake) + PoP (Proof of Play)
PoS: 10% fixed interest annually
Minimum stake age: 2 hours
Block time: 64 seconds

Links

Whitepaper: http://bit.ly/geekwhitep

Official Website: Geekkos.com

Sherlock Twitter: @crazy_crypto

Official Twitter: @geekkos

BitcoinTalk: Geekkos Thread

About Author

Full Name : Razvan Gabriel Paun , Owner of 24/7 Crypto News . Cryptoenthusiast , Bitcoin Fanatic . If you want to contact regarding any information you can email : office (at) cryptobuzzing.com . An active member of the Cryptocurrency Community, and enjoys collecting, trading, and writing about various coins & Bitcoin latest news .

  • Pingback: Geekkos Info Updated – Help them with a feedback for their crowdfund. How you will do it ?()

  • g0re79

    For some time there already is quite well estabilished crypto for gamers called Hyper, with several of games runing on its economy. Check it out, no PnD get rich quick scheme.

    • cryptobuzzing

      Hello, Yes indeed we know Hyper and you can check our website for our article regarding Hyper. It’s well established . But this coin has a different concept regarding gaming. Proof-Of-Play with their own made game.

  • china

    Coinmarket cap needs to be more democratic – there’s no point stymieing a coin due to draconian standards. If it’s out there and the community looks solid, it should be on there. Let the end users decide not the money changers!

  • Jacob

    Few people have realised so far, the immense potential of Rimbit. I would like to draw your attention to 3 main points:
    1) Near instant transaction verification
    2) Truly debt-free and labour-free currency
    3) Potential for fee-free transactions for sellers and shop keepers

  • http://musicadebarrio.net Lominero

    I feel this article is quiet biased. I have invested and support Rimbit, but it be nice to see an unbiased opinion. Also tell us why is it that other crypto currency communities look down on Rimbit. I am genuinely curious as I am invested in this. Also can’t wait to hear a response from coinmarketcap.com

  • David

    Thanks Rimbit for giving the power to the people!!

  • Cryptofan_5000

    Great Article!

  • China

    Just seen that http://coinmarketcap.com/ has re-instated Rimbit and it’s in the top 20

    • cryptobuzzing

      Should we take credits ? :) Well press pressure always do wonders.

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