Combine the addiction inducing properties of Fortnite, Warren Buffet’s value-investing principles, a sound economic theory that Adam Smith would applaud, and world-changing technology in the form of the blockchain, and the result is bound to turn heads. The NowCoin Project hopes to do just that with their somewhat unorthodox approach to building a working cryptocurrency and corresponding ecosystem.

“The NowCoin project aims to create a real cryptocurrency ecosystem, where both holders and merchants are present, and they together maintain a liquid flow of assets. We wish to solve the main problem around most of the existing cryptocurrencies: lack of wide-scale commercial acceptance”.

Gamifying Value-Investing: A new approach to the token economy

To solve this problem, NowCoin’s founders have taken the unique approach of constructing an early, artificial use-case for their token. Their hope is that by creating a set of incentives and rewards for early users, they can encourage engagement — leading to widespread acceptance by merchants. They call this approach the NowCoin Market Game, and while unorthodox, it is based on sound economic theory. Additionally, it’s calculated step-wise progression of rewards is inspired by co-founder Dr. Szabolcs Hargittay’s affinity for the game of chess.

*******************************************************************

Read full story here