The Cryptum ICO looks different than most crowdsales of tokens we’ve seen lately and if you are following us closely you know that we are not big fans of ICOs. It is not a single project, but a network of projects funding board games publishing with an interesting concept of providing supporters with returns of investment. More importantly the first game being released is called Blockchain: The Cryptocurrency Board Game. In it the players will compete for obtaining most Bitcoins and Ethereums by mining 85+ coins using 25 different crypto algorithms (with crypto coins taken from the real world). The Cryptum tokens issues by the project will be used for free access to all board games Cryptum is publishing (not only the Blockchain game) and there are already plans for 4 games and 5 expansions.
Cryptum will use the funding acquired from the crowdsale of tokens for three main projects – board game development, crypto mining and the release of a new cryptocurrency, plus maybe some small extra crypto currency related projects like an ICO listing website:
– Board games with 20% to 40% “shared profit” paid after each of the games Kickstarter campaigns, including the Blockchain: The Cryptocurrency Board Game.
– Mining project starting with 50% shared profit and lowered gradually to 30% by the end of a 2 year period after which the mining profit will be used only to fund further development of board games.
– Cryptumcoin should be launched later this year and will be used in some of the services, like for paying for advertisement in icodbase.com, and all token owners can receive some initial amount depending on how many tokens they own. Or they can mine it, as the developers promise good value and ASIC-proof algorithm.
Cryptum will pay back between 20% and 50% of the profits through optional claims (to avoid regulation and listing prohibitions in some exchanges and regions). Еvery feature is accessible by optional claim and if you don’t want to claim your profits based on current token ownership then they will be distributed to other token holders. The number of tokens issued will be limited and they will also be available for trading on crypto exchanges, though actually holding them might end up being more profitable on the long run.
When we initially heard about the idea for the Cryptum project we were quite interested and wanted to take part in it, especially the part about the Blockchain: The Cryptocurrency Board Game. As a result we are not only supporting the project, but our team actually got involved in the project development.