BGL Whitepaper
  • Welcome to BGL's Whitepaper
    • Our Mission
    • Why Bitcoin?
    • Vision and Goals
  • Executive Summary
    • Overview
    • Key Points
  • Gaming Sector
    • Context and Background
    • Market Analysis
    • Market Opportunity
  • Problem Statement
    • Challenges in Gaming
  • The solution
    • Project Overview
    • Integrations
    • Product Offerings
  • Economic Model
    • In-Game Currency and Rewards
    • Monetization Strategy
  • Roadmap
    • Development Timeline
    • Past Milestones
    • Future Projections
  • Team and Advisors
    • Core Team
    • Advisors and Partners
  • Law & regulation
    • Compliance
    • Risk Disclosure
  • Community and Governance
    • Community Engagement
    • Ambassador Program
  • Investment opportunity
    • Open Investment Rounds
    • Use of Funds
    • > Form for Investors
  • Wrap up
    • Final Thoughts
    • Next Steps
  • Appendix
    • Technical Glossary
    • Additional Resources
      • Investor's Form
  • > Back to BGL's website
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  1. Economic Model

In-Game Currency and Rewards

At the core of Bitcoin Games Lab's economic model is the integration of the Bitcoin Lightning Network, which powers our in-game currency and rewards system. This approach enables fast, secure, and low-cost transactions, allowing players to earn, spend, and trade value seamlessly within our gaming ecosystem.

In-Game Currency:

  • Bitcoin as the Primary Currency: Unlike traditional gaming platforms that rely on proprietary digital currencies or tokens, Bitcoin Games Lab uses Bitcoin as its primary in-game currency. This approach not only enhances transparency and security but also aligns with the broader adoption of cryptocurrency in the digital economy.

  • Lightning Network Integration: The use of the Lightning Network ensures that transactions are nearly instant and come with minimal fees, making microtransactions feasible and user-friendly. This allows players to engage in frequent, low-value transactions without the barriers typically associated with cryptocurrency exchanges.

Rewards System:

  • Earn-as-You-Play: Players can earn Bitcoin by achieving in-game milestones, winning tournaments, and participating in special events. This rewards system is designed to incentivize both casual and competitive play, creating a more engaging and rewarding experience.

  • Referral and Affiliate Programs: To encourage community growth and player engagement, we offer rewards for referring new players to the platform. These rewards can be in the form of Bitcoin or exclusive in-game assets.

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Last updated 9 months ago