GameIT Crossplatform Token and SR Rewards
What are GameIT Tokens
GameIT tokens are used within our Esports dApp on the Tron Blockchain to bet on your favorite Esports teams and used for earning SR voting rewards.
We have adapted our system to allow us to expand in to other platforms such as the STEEM Blockchain. To do this, our Steem GameIT Tokens will carry a 1:1 value of our TRX tokens and will follow the same token model.
Enjoy the benefits of voting on SR's on the Tron Network and earn rewards while participating in the STEEM Network. All you will need to get started is a TRON Wallet and a STEEM Account.
Why do I need a TRON Wallet?
Our rewards are paid in TRX and TRX tokens, in order to receive rewards on that Blockchain you must have a TRON Wallet.
What are Super Representatives?
Super representatives on the Tron Blockchain are very similar to witnesses on the STEEM Blockchain. Meaning they verify blocks and earn rewards.
One main difference is that voting on SR's comes with an extra incentive which is based on the amount of TRX you have staked/locked. The amount TRX you have locked up determines the reward for voting. The downside is and similar to steem power, you cannot use your TRX during voting.
How do GameIT Tokens solve this problem?
When you purchase a GameIT token to be used on our platform, whether its on the STEEM Blockchain or on the TRON Blockchain, you do not need to lock up or stake in order to participate in voting and earn voting rewards. We stake for you and allow you the freedom to continue using the network.
How does this work?
- 95% of the token purchase price gets staked in our TRX wallet
- The GameIT Community votes on which Super Representatives's to support
- The GameIT account then votes on chosen SR's with combined voting power of our account
- Weekly, GameIT distributes voting rewards back to community via tiers
With this dapp you can enjoy our platform and earn voting rewards at the same time.
Can I earn voting rewards passively?
Yes! All it takes for you to earn rewards is to hold GameIT tokens in your STEEM wallet and have a Tron Wallet.
Reward Tiers
90% of Voting rewards will be distributed to 100% of token holders regardless of how many tokens you own as long as you own 1 you get rewarded.
The other 10% will be rewarded to token holders which hold over a threshold amount and rewarded during special drawings. 2 Percent Extra for bottom tier and 4 percent for top tier. The other 4 percent will go towards our drawings.
View Table Below
| Tiers | # of Tokens | Rewards | Extra Rewards | |
|---|---|---|---|---|
| Main Tier | 0 - 50 | Voting Reward | --- | |
| VIP Tier | 51 - 250 | Voting Reward | Weekly Drawing | Silver Tier |
| High Roller | 251 - 1000 | Voting Rewards | Weekly Drawing | Gold Tier |
| Millionaires Club | 1000+ | Voting Reward | Weekly drawing | Platinum Tier |
How are rewards distributed?
Main Tier 90 Percent Pot
Every week, GameIT will split up 90% of the rewards received from voting to every token holder. For example, we have 3 users with varying amounts of tokens. Sam has 10, Maggie has 5 and Hanna has 5. This means that 50% of our pot goes to Sam and the rest is split between Maggie and Hanna at 25% each.
Silver and Gold Tier Rewards and Drawings
Every week we will split up the remaining 10 percent in to two groups.
Silver Tier
4% of the remaining 10% reward pool will be used for our weekly and monthly drawings. You must be VIP status or better to be eligible. This means you must hold a minimum of 51 tokens at the time of the drawing to qualify for Silver Tier.
Gold Tier
When becoming a High Roller and entering in to the Gold Tier you will be eligible for our weekly drawing and another 2% of the entire reward pool. You must hold a minimum of 251 tokens to be eligible for Gold Tier.
Platinum Tier
Once you are holding a minimum 1001 Tokens you have entered the Platinum Tier and gained entry to the Millionaires Club. You are eligible for our special drawings, gain 4% of the pot reward on top of your existing rewards and be entered for monthly drawings.
How To Start?
Head on over to Steem-Engine and get your tokens today and participate in cross-platform blockchain.
Important
Please send a refundable transaction of 0.001 STEEM to @game-it with your TRX wallet as the memo on your first purchase.
Rewards are paid out every Sunday!
Interesting
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A little bit of everything, betting, staking, gaming... a few stock images, a random video on a homepage and a roadmap without fixed time. Well, well, well, long way2go.
Thanks for the comment. We've been working pretty hard on this the last six months but haven't updated our info site since we first launched it. Hence the stock images and random video etc. We didn't want to promise a timeline because we know things take time and would rather not over promise. That being said we are hoping to launch a beta for testing in the coming weeks! stay tuned :)