Review Egretia ICO

vominhtri1611 (25)in #egretia • 6 years ago

Today, we are discussing about Egretia ICO project, to know more about Egretia project and help many people to find out: What is Egretia? Is Egretia potential project? Should we invest to it?. Now, let’s go guys!

The first thing we have to know that:

What is HTML5?
HTML5 is a powerful evolution of HTML, short for Hyper Text Markup Language. The HTML5 Technology is globally recognized, and it covers mobile games, the internet, advertising, video, and other industries. The technology has eliminated some of the bottlenecks such as performance and traffic compatibility that were common in operation of games. The cross-platform nature of the technology allows it to be used in different industries creating entirely new business models. HTML5 with the first version was formed in 2008 but until 2011 officially launched with the most modern technology.

However, at that time many browsers were not promptly changed to support it, so in fact at the time HTML5 was just the target that many Web designcompanies and browsers are aiming for but not into. Today, most popular browsers like Chrome, Firefox, Opera, IE …. Both support HTML5. That has created a great revolution for web technology.

HTML5 was released as a worthwhile upgrade to address the shortcomings of HTML4 with the following guidelines:

Less dependent on the plugin for functionality.
Scripting should be replaced with markup whenever possible.
Device independent (eg, available on all devices and provide the same experience for the user).

Announce the development process so everyone can see what’s going on.
So What is Egretia?
Egretia is the world’s first HTML5 Blockchain engine and platform to create an environment of complete, open and friendly to developers programming Web, Games and Apps. Working in partnership with one of the world’s leading HTML5 developers, Egret Tech, Egretia intends to bring a secure, fair, secure and low-cost development ecosystem to the entire community. Developing HTML5 around the world. Egretia’s new technology allows more than 200,000 programmers and more than 1 billion devices connected in a blockchain platform.

Egretia was born to solve the above problems by developing the first Game Engine on Blockchain technology
HTML5 was born to solve the backlog of HTML4
With the advent of HTML5 along with new components and APIs that are slowly replacing technologies like Flash. For applications that require special graphics and motion effects, programmers can use Canvas with bitmap or vector-style SVG. In addition to the design of visual web pages, HTML5 is also used to create graphics libraries that help create graphical applications, games in both 2D and 3D environments, as well as desktop applications. .

Limitations of HTML5
Although the rapid development of this technology and there are many significant improvements but HTML5 for the game industry there are some limitations as follows:

Lack of a global, unified and secure payment platform
Lack of solutions to securely store user’s virtual assets (such as weapons, armor, items, etc.)
Lack of mechanism to ensure the fairness of the game
Lack of effective protection mechanisms for intellectual property of HTML5 products
Needs effective mechanisms to motivate good teams to develop games and high-quality applications.
There are a variety of approaches to making money from internet commerce through HTML5.
And the point: What is Egretia’s solution?
Egretia will include the following main components:

Digital Asset Exchange Platform: Provides a platform that allows players to build games on Egretia that can exchange digital assets.
Advertising Platform : Build ad management systems on blockchain-based games, smart contracts, and electronic payments.
Gaming Platform: Players can play games on this platform, the platform uses a proof-of-game (PPG) mechanism for electronic rewards for players as well as sharing with friends.
Egretia Nursery : The nursery will support teams to develop games based on Egretia, creating a bridge between the player and the development team.
Storage platform : By using the blockchain technology allows to store all the data in the game completely dispersed.
Game development platform : HTML5 game development software on the first blockchain.
Egretia will develop and run on its own blockchain and will allow for future blockchain (such as Ethereum, EOS …).

Blockchain Egretia
The platform includes a blockchain- based development workflow , four core products and a technology incubator, providing comprehensive blockchainsolutions and services to players, content providers , channels and advertisers, and build a perfect ecosystem. And the whole platform uses the proven DPOS consensus mechanism of speed and stability by Bitshare, EOS, and LISK.

These products include: Blockchain engine, Game Engine, Trading Platforms, Advertising Platforms, Exchange Platforms and Storage.

The project is expected to create a separate blockchain but will also cover future blockchain ( Ethereum , EOS, …) and is considered a blockbuster ( BlockchainAs a Service) to serve the gaming industry. Egret Tech currently holds more than 75% market share in China. Egret Engine will provide the Egretia BaaS SDK, allowing easy access to the blockchain for all Egret games. Through the Egretia BaaS SDK, developers can create games on the blockchain or move the current Egretia game to blockchain easily.

Egretia’s Features:

Consensus Protocol: DPOS (Delegated Proof of Stake) is like Bitshare, EOS.
Speed: On initial testnet, Egretia’s transaction speed is above 2000 TPS(Transaction Per Second) and can be easily upgraded in the future using the DPOS
Flexibility: It is easy to change the number of blocks in Egretia blockchain such as block creation time, block volume, transaction fees through the vote.
Effective development toolkit : Supports multiple languages Javascript, typescrip, HTML, CSS, Node.JS, Go, C ++, C #.
Token Egreten?
The Egreten Token is used throughout the ecosystem and in the following cases:

Developers use well-built tools + SDK to quickly develop products that use Egreten token as a payment medium.
Users can use Egreten to buy in-game items, pay for content, and so on
Users can use Egreten to participate in lotteries, discounts and other promotions on Egretia around the world.
The user can gain Egreten as a reward through participating in the crowdfunding of the game on Egretia.
Developers, content publishers can use Egreten to advertise on Egretia ads.
Distributors can receive Egreten through the distribution of content, advertising, etc.
Egreten electronic wallet is created based on the user’s unique passport, to securely store user’s virtual assets, crowdfunding rewards, platform rewards, etc.

ICO information

Token allocation

Total Amount 10,000,000,000 Egreten
Team 22%
Token Sales 5%
Ecosystem 10%
Foundation 5%
Team 22%
Strategy Partners & Advisors 10%
Ecosystem 10%
Stages of sale:

Phase 1 20,000ETH in total 1 ETH = 120000 Egreten
Phase 2 15,000ETH in total 1 ETH = 90000 Egreten
Egretia DEV Team and Advisors
The development team consists of 4 main members, who have a lot of experience in the field of game design and development.

Peter Huang, founder of Egretia, used to be the technical manager of the Adobe Flash platform, having more than 18 years of experience in developing apps and games.

Dirk Meyer, co-founder of Egretia, a senior manager of development, has 20 years of project management experience, contributing significantly to Adobe’s business and market development strategies.

Yin Ma, a development team member, has nearly 20 years of experience developing compilers for the operating system, developing Fortran complier for Intel / AMD, working at large companies such as Microsoft, Absoft. , Qualcomm …

Ross Przybylski , Founder of D20Studios, Extreme Production Director at Electronic Arts, one of the world’s largest game development companies, has over 15 years of software development experience including 10 years of game development.

Advisory team of the Egretia project also has many celebrities, has great influence in the blockchain field, especially Dr. Lucas Lu — CEO and founder of CyberMiles, Frank Lee — the creator of the first ASIC excavator for Litecoin.

The Egretia project has also received investment from well-known capital, such as Bit Angel, Viking Capital, UltronFund.

Egretia’s Roadmap
Quarter 2/2018: Release of development tools, smart contracts and test chain.
Quarter 3/2018: First release of electronic game titles and applications on Egretia blockchain.
Quarter 4/2018: Released alpha release of the Egretia Blockchain SDK development kit.
Quarter 1/2019: Released e-wallet version for users.
Quarter 2/2019: Released platform game development on the blockchain.
Quarter 3/2019: Completing the Egretia virtual property transaction platform
Quarter 4/2019: Complete the Egretia advertising platform
Quarter 01/2020: Support for other blockchain platforms such as Ethereum, EOS …
Quarter 2/2020: Release the first complete version of Egretia blockchain.

Conclusion
Egretia is a partner of Egret Tech, a world-class game developer based in Beijing with several years of experience in the development of HTML5 based Game Engine. Currently there are over 200,000 developer and many partners: Microsoft, Xiaomi, Tencent …. So Egretia will have a big leverage to grow faster in the future as the customer base is already available. The experience is also great in the industry.
Whitepaper writes in great detail about what they will do to prove they have thoroughly researched the industry, and Q2-Q3 2018 will be releasing their own blockchain , proving they are well prepared for the plan. This business.
Experienced developers from major companies such as NVIDIA (Game Engine, Graphics, Qualcom, Adobe) CEO Edwin Chen of the project is also founder, CEO of Egretech will obviously have a very Lucas is the chairman of Cybermiles (CMT), also Alibaba’s Mobile CTO, Frank Lee is the CEO of GridSeed, the company that created the ASIC Litecoin Angel Investor of the world famous games, IOT, AR.
However, objectively, although China is now the leading player in the gaming industry, Game engine, but recently countries around the world have begun to shift to invest more in this industry, so it will be possible There is a fierce competition in the future leading to unpredictable profits. Moreover, the potential competitors in the trade business, advertising in the game has gone ahead have also had some successes such as GAMECredit, Refereum is also a factor to consider.
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