What is GameCredits?
GameCredits was launched in 3 October 2014 by GameCredits Inc in Serbia, which is a 100-people team across 5 countries. GameCredits are used for online purchases of goods and game industry services. Its purpose is to become the universal currency for 2.6 billion gamers worldwide, to empower game developers both big and small in order to further grow the 100 billion dollar gaming industry, and to accelerate the wide adoption of decentralized cryptocurrencies as a better alternative to government-issued fiats. Mining of the cryptocurrency happens on the Scrypt algorithm according to the PoW (proof of work) principle. A new block in the chain is created every 90 seconds and the reward for it makes out 12.5 coins.