DMarket (DMT)

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DMarket is a market to buy and sell dota 2/CSGO items, with support for other games slowly being added, items can be brought for discounted prices.

Joke Name

DMarket = Game Market

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (DMT)

Coin or Token

Circulating Supply (50 Million)

Total Supply (56 Million)

Market Cap Ranking

Review

Every day, gamers dedicate their time in acquiring various virtual assets and items. While some games have well developed marketplaces, there’s a big, industry-wide lack of proper infrastructure for those assets to be bought, sold and traded. DMarket tackles this problem by creating a blockchain based platform where various users can trade all types of digital items and assets.

Crowdsale:

Based out of Ukraine, the DMarket team managed to raise roughly $19 000 000 during the duration of their crowdsale.

Key Features:

  • How it works
  • Solutions
  • Token

How it works

The lack of connectivity between gaming universes is the biggest factor preventing the ease of digital asset trading. The DMarket blockchain platform’s infrastructure is powered by smart contracts to provide a user-friendly, reliable experience. The platform will support exchange of almost all virtual assets. The smart contracts mentioned will act as a bridge between the users, which means there will be no middlemen or third parties involved and gamers will finally be able to participate in the global virtual asset economy.

Solutions

The platform helps developers by providing a user-friendly API, which respects the individual rules of each game and provides opportunity for additional flow of revenue. Gamers, on the other hand, can earn tokens while playing their favorite games.

Token

The DMarket token is exclusive to the platform, meaning it is the only one that could be used within it. It has a number of use cases, it can be used as a currency, to deduct fees used for trading ingame items, for acquisition of BigData analytics and to acquire premium accounts for both retailers and whole-sellers.

Problems:

The biggest red flag with the DMarket ICO is that the same team behind it ran another ICO, the DreamTeam token, days apart from DMarket. This is a huge issue as it largely implies that the team is more after the money rather than creating a genuine project.

Conclusion:

Overall, the DMarket platform is a decent project. The leader of the project, Vlad Panchenko, has decent background in online asset trading, being the founder of the skins.cash website. The DMarket platform is already online and working, and users can buy various video game assets from multiple games. Despite the double-ICO redflag, DMarket seems to be going in the right direction, and as the industry of online gaming grows, we’re bound to see more people reaching out to use the platform’s services.

Pros

  • Working platform
  • Lower cost items
  • Growing industry

Cons

  • No direct backing (asset, profits, commodity)
  • Possible team issues