Along with several other projects built on Stellar, Litemint has committed to adopting the Samsung Blockchain Keystore and access will be provided from all our platform services (Game, Wallet, NFT Marketplace).
LITEMINT LLC is a tech company that breaks barriers and creates innovative products to connect crypto enthusiasts, collectors and gamers to unique experiences. By leveraging the Stellar blockchain, we enhance the user experience with asset ownership (NFT and collectibles) and decentralized micro-transactions.
LITEMINT service includes independent game development and publishing (we served over half a million gaming sessions in 2020) and eSports events. We provide a bespoke Stellar wallet for gamers (open source, cross-platform and noncustodial). LITEMINT has acquired STELLARPORT in January 2020, the interaction between crypto users and gamers creates huge opportunities with tradable assets and brings unmatched dynamism to both platforms. The Stellarport platform has been fully revamped in 2020 and many more iterations are in the pipeline for 2021.
Last month, we have also announced our upcoming NFT and collectibles marketplace on Stellar. This project is an important part of our vision to foster gaming on Stellar.
The blockchain is showing strength in addressing the demands of the ever-growing global gaming market:
DEX access provides a global avenue for players and collectors to safely trade and exchange their game collectibles and NFTs. The game industry has been plagued by the so-called gold farmers and risky off-exchange activities.
Game developers are offered unique opportunities to collaborate creatively and take advantage of cross-game assets.
Despite these strengths, the blockchain gaming world is affected by crippling transaction fees and overall poor transaction performance. Additionally, blockchain games remain generally inaccessible to regular gamers and top gaming portals.
Litemint takes an opt-in approach to blockchain gaming, therefore our games can reach out to all gamers on the existing market. For example, we have 7.7K users login via Facebook or Google. Coupled to a Stellar-based solution, Litemint benefits from low fees, great performance and direct access to SDEX.
This approach also allowed Litemint.io, our tradable card game, to receive extremely high engagement from traditional gamers (1.3 million card battles since release in April 2020) as well as high ratings on top gaming portals—validating the approach entirely.
We are also able to issue all assets unlocked by players at minimum cost.
Based on players feedback, and to alleviate the lack of friendly tools for trading collectibles and NFTs on Stellar, we are also building an NFT marketplace solution.
1. Instant Gaming, Anywhere
As independent game developer since 2013, our inhouse, HTML5-compliant, game engine has been battle-tested and continuously improved for 7 years (powering 14 game titles). This expertise allows us to deliver a responsive and consistent game experience on all platforms—hugely increasing our reach in our mission to deliver blockchain-enabled games to everyone.
Our games are also bridging the gap to non-blockchain plaforms by providing custody of assets in a traditional way. With this bridge, we can reach out to all opportunities on a huge gaming market (revenue in the mobile game segment alone expected to reach over USD 109 billion this year, source Statista).
2. A Bespoke Gamer Wallet
Litemint wallet is open-source and cross-platform, available on Google Play, Linux, Windows, Mac. It can also be launched as a web app on desktop browsers (tested in Chrome, Safari, Firefox, Opera and Edge). Strong emphasis has been put on the UX—mobile-first.
Noticeable features include:
Comprehensive access to the Stellar DEX and trading of any asset pairs.
Instant games with leaderboards, daily challenges, shops with cross-currency IAP (path payments).
Languages (English, French, German, Russian, Korean, Chinese and Greek, more to come).
Stellar Federation including gamer ID for universal syncs.
24-word mnemonic (BIP39, SLIP10, SEP05).
Note: Players can link any Stellar wallet to our games, not just Litemint.
3. NFT Marketplace, Path Payment Magic (Upcoming)
We realized that we needed a universal approach to abstract the technicalities of the SDEX, encourage discovery, search, and perpetuate the existing social engagement that we get from gamers and users. We are building the first NFT marketplace on Stellar.
One-click account creation via Facebook and Google (Litemint.io users have all their cards automatically imported).
Asset discovery, advanced search and deep linking.
Auto cross-currency price discovery (path payments).
Customizable gamer and collector profiles.
Work with any Stellar wallet (Freighter, Ecosystem Wallets, HW wallets...).
Fees and reserve sponsorship for Litemint users.
Seamless support for claimable balances.
Available directly on litemint.com from desktop and mobile.
Development has now started and we expect an initial beta release during Q1 2021.
April 2020 - Launched tradable card game, Litemint.io Read More....
September 2020 - First eSports Live competition
September 2020 - Issued the first NFT card on Stellar.
November 2020 - Second eSports Live competition.
(*) Litemint won SCF3 competition in January 2020, with a prize of $22,657 (413,461 XLM @ 0.0548, 2020-01). These funds were used to develop the platform further, bridging the skill-gap by hiring freelancers, cover some of the infrastructure costs during 2020, and acquiring licenses (music, graphics, game).
2021, Game On!
Content, Service, Ecosystem
(March) Beta Release of the NFT Marketplace.
Litemint.io 1.6 Major Content Update: Increasing game content by 25%.
Integration of the Freighter Wallet to our service
Continue regular events as part of adoption strategy
(January) Top-tier Legends Tournament Second Edition (NFT prize issued on Stellar).
Content, Service, Ecosystem
Application for Tier 1 Org on Stellar (provided our nodes have completed sync, you can check progress here: https://pepper.litemint.com)
(April) Litemint.io 1.7 Major Content Update (Targeting 200-500 cards for the game 1 year anniversary).
(May) Integration with Samsung Keystore across all our services (including Stellarport).
(June) Deploying regional server in Asia along with UA targeting the region.
Regular events as part of adoption strategy
Additional eSports events during the quarter.
Official Release of the NFT Marketplace (Out of Beta).
See below sections for a detailed explanation of our Marketing Strategy and Use of Funds for 2021 and 2022.
Stellarport, our subsidiary service, will also be leveraged during 2021 bringing automated anchors (Polaris), dedicated ERC-721 anchor, partnership with DSTOQ (currently being implemented) to synergize the user base.
Due to current limitation for advertising crypto-based products on mainstream social media platforms, we mainly depend on gaming websites (organic, featured, paid) to reach new gamers. This strategy has proven successful during 2020 to grow our user base consistently and rapidly. It will remain effective if we continue to provide gaming-first content and ubiquitous products that work on both worlds (blockchain and non-blockchain).
We will also continue to provide live events and esports competition to maximize player and content creator engagement. We expect the NFT marketplace to considerably increase gamer conversions to Stellar.
Use of Funds
Based on user feedback, we expect the NFT marketplace to considerably increase conversions for fostering game asset ownership on Stellar—the NFT marketplace comes as a natural extension to leverage our tractions and organically extend the current platform services.
The funds would help us fulfill our marketing strategy speeding the scaling of our operations for more adoption and greatly help bring the NFT marketplace to market on Stellar for more conversions.
We would also continue to provide an ad-free service on Litemint, this has been an important part of our customer acquisition strategy till now and contributed to higher ratings and retention.
Finally, we would use the funds for licensing (e.g. Zeptolab, creator of 50 million players franchise “Cut the Rope”, expressed a strong interest in publishing on Litemint). Bringing top game studios to the platform would raise awareness about Stellar technology.
Funds Budget Break-down
Growth, acquisition, conversion, retention 40%.
Staffing 30% (mainly skill gap, development, graphics and support).
* The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the date of transfer as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)