Bitspawn — Decentralized Gaming Protocol: Product Overview

Introduction

Bitspawn is a gaming protocol on the blockchain which was built to focus on athletes and social gamers. Bitspawn aims to create an ecosystem for community building, developer support, and gaming competitions. It will also explore various ways which will enable players to make money within the decentralized gaming economy inside the Bitspawn ecosystem. Bitspawn will be built on Solana.

Bitspawn will enable gamers with the advanced tools and features within the platform. It will empower 2 billion-plus gamers around the world by helping them combat the traditional and non-effective practices of the video gaming industry. Bitspawn intends to become an all-in-one platform that will connect all the gamers, sponsors, advertisers, and competitions to securely connect with each other and grow while being part of the global esports ecosystem.

History

In 2019, Eric Godwin the CEO and founder came up with the idea of Bitspawn. Eric Godwin, a former competitive gamer and blockchain consultant, saw a way for blockchain to solve a lot of issues in the ecosystem. In 2020 the beta platform for Bitspawn was built on a private Ethereum network. The platform grew with over ten thousand registrations. In early 2021 launched plans for its native blockchain protocol and also its network token. Bitspawn developed with the idea of enabling gamers with the advanced tools and features within the platform.

Features

As a medium of exchange and governance, SPWN token will be used within the platform. It will enable gamers to directly connect with sponsors and advertisers which will, in turn, help them develop themselves as a brand. It will enable gamers to directly connect with sponsors and advertisers which will, in turn, help them develop themselves as a brand.

Proof-of-Respawn

Bitspawn plans on implementing a smart contract algorithm that compliments the proof-of-stake function on the network known as proof-of-respawn (PoR). PoR will enhance the platform in terms of scalability. PoR is a required mechanism that establishes and evaluates the token systems that reward players for contribution to Bitspawn’s token-based community. The algorithm encourages players to compete and build their own competitions, It also maintains the reward system within the platform.

With the help of PoR, tokens can be distributed by skill-based algorithms. It will power DEFI and NFTs on the Bitspawn network. It will also be used to integrate the already existing gaming APIs to align incentives between players, developers, and brands to increase further growth in the ecosystem. PoR will secure and verify data on the platform through smart contracts. For community members and users who complete different challenges and platform troubleshooting such as finding and fixing bugs will be rewarded with SPWN tokens through Bitspawn’s bounty program. Bitspawn’s bounty program will use smart contracts to provide rewards.

Smart Competitive Network

A smart competitive Network can be provided with the help of smart competitions organized within the platforms. Smart competitions give the privilege to network users to create competitions and decentralized prize pools. Smart competitions can be organized by gamers, organizations or even developers for a matter of fact. An entry fee will be determined by the organizer of the particular competition. The entry fee paid by the number of participants will determine the prize pool for the competition. Different types of competition styles will be organized on the platform such as single elimination, double elimination, best of ’N’ competitions, etc.

These competitions will encourage brands and sponsors to organize such competitions which will help them promote or advertise their brand through prize pools. Such competitions are called promotable smart competitions. To attract esports professionals to compete on the Bitspawn platform such competitions will prove ideal in the development of the ecosystem. A community building interface will be integrated into the Bitspawn platform in the form of DApp. Communities can be created in the platform by players, developers, and organizers which may be in the form of competitive teams, guilds, clans, or social communities based on specific games or competitions.

Global Rankings & Matchmaking

Ranking will help in increasing healthy competition within the platform. Keeping this in mind a global ranking system will be integrated into the Bitspawn platform via Proof-of-Respawn. The algorithmic rating system within PoR will help determine the ranks that need to be allotted and it will be verified with the help of smart contracts. The algorithm required to include a method for fast leaderboard calculations in massive online game-based environments. This method consists of three main features which are:

1- It uses specific data structures so no order is needed for obtaining player positions. More specifically, it uses an SBOST (Self-Balanced Order-Statistic Tree) jointly with a hash table which allows for performing all-important operations in𝑂(log2𝑁)time complexity.

2- The comparison criterion, which ultimately defines the rank of a player, may be easily modified in order to adjust to the designer's needs. For example, it can assimilate more information about a player instead of just a single score and an identifier.

3- It runs“in-memory,” so it exploits fast data access, unlike slower HDD solutions. And in its basic form, only the user score and identifier are needed.

If compared to other approaches in the paper this method surpasses other solutions with a speedup of a factor of 1,000: 1 and 15,000: 1. Players will be adjusted with the support of a rating system called Glicko. It is an upgraded version of the already existing Elo rating system.

Reputation System and Anti-Cheat

Bitspawn will create a reputation system wherein everything will be verified through smart contracts. It will also include necessary measures to dissuade potential threats like hackers which will protect the interest of players and community members. By using the reputation system users will be able to identify whether a particular player has a history of negative behavior such as harassment or hacking. This will be done by incorporating public rating within the platform. This helps in increasing the overall growth and transparency within the platform.

To regulate the competitions hosted on the Bitspawn platform a Decentralized Resolution system is designed which will let the competing players have a challenging period after the competition. In such a situation players are required to stake additional SPWN tokens to begin the resolution process. The system will notify a randomized set of elected delegates who opt to join the dispute resolutions. To cast their vote the delegates need to stake SPWN tokens within the platform. The delegates that cast their vote on the side of the majority are rewarded with additional SPWN tokens.

Growth

Bitspawn is here to create a gaming oracle to assist with on and off-chain game data. It will also include new features such as wager matches, progression, and marketplaces. These features in the short term will enable a lot more usability for a wider range of gamers. The core team of Bitspawn has been involved in various projects in blockchain since 2015. Bitspawn has partnered with many VCs which will bring value to the ecosystem.

As new developments take place in Bitspawn there will be further growth in the platform. Gamers are understanding the true potential of blockchain technology inside the gaming industry. As gaming is not saturated in the blockchain space there is more room for it to grow. There will be more collaborations in time with the growing craze for games and Bitspawn. Bitspawn is creating a place where everyone has the potential to create a brand for themselves within the platform. The gaming industry is going to expand with the entry of Bitspawn in the arena.

Tokenomics

SPWN will be utilized throughout the network for staking, rewards, minting, community tokens, network fees, and governance. Therefore the SPWN token contains intrinsic value within the Bitspawn ecosystem.

Utility & Governance

Utility:

• Fees
• Rewards
• Access to SPWN exclusive events and products
• Staking/Lending

Governance

• Automated Solution for Decision Making
• Voting integration
• Community projects

Bitspawn has made it clear that it relies heavily on community governance for including important features and products that will be fit for the market.

Token Distribution

Token Type

ERC20/SPL

Token

SPWN

Token Name

Bitspawn

Total Token Supply

2,000,000,000

Token Distribution

After the end of the token sale

Token Price

The initial token price will be determined on the basis of fundraised and the valuation. It should be around 0.02$. After the launch of the token, the price will be entirely determined by the market. According to the vesting schedule of the team and initial contributors, investors, and other factors a certain percentage of the tokens will be pre-minted.

Conclusion

In the past couple of years, there have been a lot of innovations in the gaming industry. The gaming market has already grown to a 140 billion dollar industry but that doesn’t seem to end with the growing craze for games. Bitspawn is in the early stages of this growth with the help of the blockchain it is surely going to evolve the fundamentals of the industry. Bitspawn is not only going to increase the number of users in the long run but it is also going to bring everyone in the gaming community together. User adoption and penetration can be a hurdle in the initial stages but the right partnership and upgrades will change the existing traditional markets. Bitspawn comes along with a beta version of its platform which shows the dedication and interest within the core team to deliver on its promises. Bitspawn has a long journey ahead and time will tell how Bitspawn is going to renovate the industry.