Yes many of the community members here have done a great job, and have explained our Gamerbits project perfectly. We are customizing and extending blockchain software such as wallets and explorers, to make them very easy to understand and use for players, tournaments, vendors, and many other parties involved in the massive global eSports Industry. We still have regular discussions on how to get that 1 sentence mission statement as concise and clear as possible.
While it is true that we could simply bring Bitcoin or Ethereum to them, but since we are doing this work, we might as well be marketing our own coin, and bringing value to it, and all of our investors, instead. The business model fits perfectly.
Remember, the masses haven’t even heard of Bitcoin or digital currencies yet, so by making wallets, explorers, websites, mobile apps and other software that is custom tailored to their needs, it makes the process of integration much much easier for them, so that they can enjoy the freedom and efficiency allowed by these currencies, as opposed to the problems they face with conventional payment systems.
We have many markets in the region, thankfully. Since the announcement, all ICO projects have taken a step back in China, waiting for further news. Steps like this by the Chinese Government are always taken in this way, with a major, dramatic first step to attempt to gain total control, and then are scaled back, as they try to work with the issue (technology, system, etc) to regulate it. So all projects–us included–are waiting for more steps to become available to us, such as compliance with their future guidelines and processes.
Luckily in the meantime, we have access to and leads in many other countries that have massive eSports events and communities, where we can immediately continue our rollout plans, and will be important stepping stones as we continue to iterate and integrate our software. Then when China has made more of its future rulings, we will be much further along with our company and software, making us able to latch onto the Chinese market much more quickly.
This is absolutely correct, glad our message is successfully reaching people.
4 days left of our ICO