WHITEPAPER 2018
CONTENTS 02 INTRODUCTION 03 MARKET OPPORTUNITIES 05 PROBLEM STATEMENT 06 OUR TECHNOLOGY 07 About Bastet 08 Bastet Game and Digital Currency 09 How it works 09 Benefits of Bastet token to Online gaming 10 Application of Blockchain technology to Bastet platform 11 Why you should Invest in Bastet technology 12 Bastet s Growth Strategy and Creating Confidence from Gamers/ Investors 13 Bastet tokens Presale tokens, Bonus Tokens, Free Tokens, Reward Tokens 14 Affiliate Program 15 Valuable Items and Power Room 16 Tokens, Points, and Fee 17 ERC 20 Token 17 Bastet Smart Contract 18 CONCLUSION 01
INTRODUCTION Introducing BASTET, an online gaming project that allows players to utilize the Bastet tokens to invest or play games. Bastet tokens are built by an international team who likes playing games and apply blockchain technology into gaming. Bastet was developed based on an ancient story of the Egyptian Goddess of protection and cats. Bastet was the name of Ra s daughter (The sun God). Ra was seen as a protector and a defender of the Pharaoh after Sekhet (The lioness and chief god). Bastet became the goddess of protection and blessing in later time as she became the protector of women, children, and domestic cats. In addition to this, Bastet became the goddess of sunrise, music, dance, and pleasure as well as family, fertility and birth. Bastet s current plan is to offer three different types of games on the website. They will be divided into Bastet Tournament Games, Bastet Games, and Bastet Battle Games. With the aid of our technology, players will be able to use the Bastet tokens to exchange points and play games on the Bastet site. We will apply the blockchain technology to ensure a new wave of competitive technological innovation. This will help us to stand out from the crowd thereby differentiating the Bastet gaming approach by delivering the best user experience. Our union of gaming and blockchain is inevitable and the impact will be as significant as the emergence of the online gaming a decade ago. We will offer solutions to help game players reap the economic benefits of blockchain technology while playing our games. We believe this also help the gaming industry break into the new ground. 02
MARKET OPPORTUNITIES An online game is an electronic game that can be played online via computing devices that includes the gaming console, mobile phone or personal computer. Online games can be divided into the console and mobile phone gaming. 03
The incorporation of smartphones, social networks and tablets have introduced new categories that include the online, tournament and battle games. Since the first game that was created in the 1970s, the video games have come a long way and today's online games offer photorealistic graphics that simulate the reality to an amazing limit in many cases. In 2015, the online gaming market reached a volume of 37.91 USD and the value is predicted to reach 59.79 billion USD in 2020. Online gaming usually wagers something valuable as the outcome of an event or game especially with the aid of the internet. The market volume of online games was forecasted to reach 51.96 billion USD in 2018 thereby doubling the figure that was realized since 2009. 04
Most people consider lack of innovation Today, affects the gaming industry today while with or originality as the problem that others believe that it is a function of business which includes breaching the gap between small production companies and big businesses. One of the factors that plague the gaming industry includes lack of creativity. The creator of call of duty, Black Ops, and Josh Olin concluded that most gamers forget what the industry is all about as it is a creative industry especially considering the existence of entertainment. the gaming industry has discovered the difficulty associated combining profitability and innovation simultaneously; however, some companies are making creativity their top priority. Creativity has become dependent on success which in terms of gaming has become dependent on sequels. Because only a few companies are willing to stray from a financial certainty, the originality has been eliminated from the market. PROBLEM STATEMENT 05
OUR TECHNOLOGY 06
ABOUT BASTET BASTET is an online game project that gives players the opportunity of using Basket tokens to play the Bastet games, Bastet tournament, and the Bastet battle games. The Bastet game are developed by an international team with great passion for game and blockchain technology. Cryptocurrency and Bastet games seem like a match in the digital heaven. The digital currency will become a valuable addition to the virtual economies of popular games such as the Bastet games, Bastet tournament, and the Bastet battle games. 07
BASTET GAME AND DIGITAL CURRENCY A research carried out by digital asset exchange shows that 75% of gamers in the US wish to exchange their virtual goods for digital currency that can be bought or sold on other platforms. In addition to this, 5% of millennials show interest in cryptocurrencies and 55% of online gamers tend to use them over the years. This shows the link between cryptocurrency and the Bastet gaming community. Another interesting survey shows that 50% of gamers from all age groups also own cryptocurrency and 87% have not used this cryptocurrency for gaming purpose. 8-% showed interest in the use of cryptocurrency for gaming transaction purpose. The usage of cryptocurrency in online gaming is imminent and Bastet gamers are tech-savvy members of the global community with the aim of making frequent and small transactions across the borders. 08
HOW IT WORKS With the aid of the Bastet approach, it will be very easy to enjoy online games. Our platform will give game lovers the support in financial growth with our Bastet tokens that can be used to buy game items and be traded on our upcoming exchange. We will introduce game points which players can earn points that are usable in all of our games. Bastet In-game points are used to buy valuable game items which will enhance gaming experience and earn reward; thereby encouraging competitive play and loyalty. Bastet is a platform that uses blockchain to build decentralized games thereby bringing entertaining aspects and giving players the opportunities to increase returns. BENEFITS OF BASTET TOKEN TO ONLINE GAMING The virtual in-game market currently faces the challenge of the high exchange rate and transaction fees. It is also affected by inefficient intermediaries and slow transaction speeds. Bastet will solve these issues by implementing low cost of digital currencies and high speed of operation. Our cryptocurrency is dedicated to popular online games and we incorporate a secure and decentralized blockchain to produce high speed and low-cost microtransactions. 09
APPLICATION OF BLOCKCHAIN TECHNOLOGY TO BASTET PLATFORM Blockchain offers distributed ledger that makes it possible for gamers to experience cryptocurrency exchanges and interlinked gaming environment. The data that is obtained can be used by in-game algorithms to understand a player s gameplay preferences and ensure a better gaming experience. Bastet gaming and blockchain are two fields at the epicenter of a new wave of highly competitive technological innovation. Bastet will demonstrate open source development experience in blockchain integration. Our platform aims to disrupt the gaming world by building reputations and resources that drive growth for years. Blockchain will also help to boost the value of gaming items by providing new ways to use virtual items in exchange and trade by tokens or points; thereby improving the functionality of the items. Furthermore, Blockchain will ensure the setting up of Bastet platform such that users can exchange those items for tokens to cement their economic value. This makes Bastet gaming items to be referred to as digital assets. 10
REGULATED GAMING ECONOMIES Game developers and governments have one major thing in common; they understand the fact that banning trade will not do anything except creating unregulated black markets. Game developers will lose the ability to control trade parameters while missing out of potential revenue and preventing their users from being scammed. The blockchain can be programmed to provide gamers the opportunities of collecting ongoing royalties for items that are being exchanged and traded easily. WHY YOU SHOULD INVEST IN BASTET TECHNOLOGY? Bastet differs from other gaming platform and cryptocurrencies because it is not limited to just a single game; the current plan is to build the Bastet games, Bastet Battle games, and Bastet Tournament games. It aims to become the ultimate cryptocurrency that will bring positive change to the online game industry through the innovative blockchain technology. Imagine other gaming related project being represented as various taxi companies while taking Bastet as Uber. 11
BASTET S GROWTH STRATEGY AND CREATING CONFIDENCE FROM GAMERS/INVESTORS Bastet project has huge potentials because an attractive and engaging gaming site is created for players to experience enjoyable moments and good returns; by making our games more popular, it helps to increase the entire value of Bastet. Innovative marketing and business strategies will be implemented to improve project s growth; thereby attracting investors while boosting the popularity of our project to grow and become more valuable. Furthermore, Bastet tokens can also be exchanged easily for other crypto tokens on internal exchange. Considering the Bastet token, one token will be equal to one point and the Bastet tokens can be exchanged by using the conversion process of 1 Bastet token = 0.002 ETH. Bastet tokens can be exchanged to points to win points while playing games and these points can be exchanged for valuable items or Bastet tokens. Bastet can also be used as a mean of investment in our project. Bastet will contribute rewards to long time investors. Additionally, valuable items that are gained from playing games can be sold easily for tokens or collected and consolidated for better returns. It is important to note that the valuable item relates to the Bastet s character. Investors and gamers can sell Bastet tokens through the internal exchange that will be created. In order to maintain and boost the value of Bastet tokens, Developers guarantee to buy back Bastet tokens from gamers and investors with a fee; which is the first gaming site applies this strategy to create confidence from gamers and investors in the project. 12
BASTET TOKEN - PRESALE TOKENS, BONUS TOKENS, FREE TOKENS, REWARD TOKENS We have a total of 50M tokens and the Presale will be at 10M tokens. The Bastet team will create more attractive games and run good marketing to attract more players during and after the presale. We will create demands at tokens supply especially if there are any selling orders there. The remaining tokens will be rewarded for long time investors and for marketing/busimess s growth strategies when needed. Reward token s Plan will be announced within 5 months from the date of presale. During presale time, there will be bonus tokens and free points to play game given prorated based on purchasing amount. Minimum purchasing amount will be 50 Bastet tokens = 0.1 ETH; these bonus tokens will not be allowed to play games, but can be traded through internal exchange; timing will be announced. Bastet team will run free tokens marketing strategy at 50,000 tokens during 45 days to promote the project, these free tokens will not be allowed to play game, but can be traded through internal exchange; timing will be announced. Within 24 hours after purchasing Bastet tokens, investors can return tokens at the presale price to receive ETH with 5% fee applicable (paid by ETH). After 24 hours up to the end of presale, investors can return tokens at the presale price to receive ETH with 15% fee applicable (paid by ETH). After presale (when free market is applied), investors can return tokens at the presale price to receive ETH with 25% fee applicable (paid by ETH). Kindly note that Bonus tokens from Presale, Free tokens, and Reward tokens are allowed to be traded through internal exchange, but will not be allowed to play game and will not be bought (returned) back by (to) the project. 13
Purchases by referral will be credited to the account of the referrer. AFFILIATE PROGRAM Bonus Tokens from Affiliate Program are allowed to be traded through internal exchange, timing will be announced; but will not be allowed to play game; and will not be bought (returned) back by (to) the project. Affiliate program helps to build strong Bastet Community; it s a great way for members to be rewarded and earn additional commissions. Purchasing Amount Bonus Incentives 50-99 Bastet tokens 1% 100-149 Bastet Tokens 2% 150-249 Bastet Tokens 3% 250-399 Bastet Tokens 4% 400 Bastet Tokens and Above 5% 14
VALUABLE ITEMS AND POWER ROOM Currently, there will be four main valuable items that gamers can earn by playing games and can buy on exchange: 1/ Bastet Necklace 20 points 2/ Bastet Pearl 50 points 3/ Bastet Scepter 30 points (only can exchange from 10 pm to 4 am (GMT-5; Eastern US, Canada)) 4/ Treasure Chest 150 points (only can get at Power Room) These valuable items can be traded to gain tokens with a 5% fee applicable on the total value (paid by tokens), or to join Power Room to get Treasure Chest To join Power Room, players need to have enough of the 3 items above (Bastet necklace, Bastet pearl, and Bastet scepter) and a fee for consolidation (paid by points). Fee of joining Power room will be 5% on total value of items (paid by points). Success rate to win treasure chest is 10% and shared equally to all players. 15
TOKENS, POINTS AND FEE No winning fee applies for 1 player games. No fee applies for receiving Power Reward (Treasure Chest). 2% fee is charged on exchanging from points to tokens. 2% fee is charged on exchanging from tokens to ETH on internal exchange. 5% winning fee applies for multi player-games. 5% fee is charged on exchanging from valuable items to tokens. Fee of joining Power room will be 5% on total value of items (paid by points). Success rate to win treasure chest is 10% and shared equally to all players. Within 24 hours after purchasing Bastet tokens, investors can return tokens at the presale price to receive ETH back with 5% fee applicable (paid by ETH). After 24 hours up to the end of presale, investors can return tokens at the presale price to receive ETH back with 15% fee applicable (paid by ETH). After presale (when free market is applied), investors can return tokens at the presale price to receive ETH back with 25% fee applicable (paid by ETH). 16
ERC 20 TOKEN ERC20 is an ethereum token standard and it is used majorly for Ethereum smart contracts. Our token is an ethereum based ERC20 token. ERC20 offers the rules that govern the implementation of Ethereum. The term ECR20 simply implies Ethereum request for comment and the figure 20 is the unique numeric ID that is attached to it with the aid of distinguishing it from others. It is a standard protocol that defines the working principles of tokens in the ethereum blockchain network. ERC20 ensures the following 1/ Quick and effective transaction 2/ Effective confirmation of the transaction 3/ Prevention of contract breaking risk 4/ It also helps the user to interact with Bastet coin and blockchain in areliable and fast manner. BASTET SMART CONTRACT With the aid of the Bastet smart contract, special algorithms will be deployed that will facilitate automation of contracts for cryptocurrency exchange purpose. One of the greatest benefits of the smart contract is that you don't need to use any third party. The smart contract will be Ethereum based thereby constructed with the use of the most popular language for smart contracts. The registration section will be used to store latest Bastet addresses and contracts. It uses an update mechanism that can only be changed by the admins. The system will be regulated through the approval and declination of contracts. The Bastet contract is the technology that handles everything that involves cryptocurrency exchange on the platform. 17
CONCLUSION Blockchain Technology will help to reduce cost and streamline internal operations in the gaming industry. This will improve the efficiency and user experience in the gaming world. In addition to this, traditional gaming system generally wastes time and incurs a high cost because of middlemen service. The introduction of blockchain technology to Bastet gaming project will serve as an attention proof in order to properly understand that the progress and gaming will perform the function of engaging customers. Blocks of distributable code will be stored in blockchain node. Every industry group that is associated with the progress of the blockchain technology is starting to investigate the potential of introducing a distributed and verifiable data structure as the basis of a distributed computing system. It is important to note that Bastet stands at the threshold of a disruptive transformation in the development and approach of building games. We will provide more flexible, rewarding and profitable games for players and developers. 18