Cryptocurrency Tofycoin 

About Tofycoin

Tofycoin is a cryptocurrency that operates in the NFT area and can be used as a payment system in mobile, web and pc games. By using the technological infrastructure for both its own games and partner companies, Tofycoin is building a gaming ecosystem.

Tofycoin developed on Binance Smart Chain (BS) network for using in Tofy Game’s own game ecosystem an partner games.

The total supply of TOFYCOIN has been fixed at 100,000,000 tokens. Tofycoin will not be burned through us but instead will be reintroduced back into the economy after it is used by players to pay for gameplay fees and NFT purchases and upgrades.

Tofycoin allows holders to enter skill-based tournaments, purchase and upgrade game characters and other in-game items, as well as engage in the governance layer of the ecosystem that allows voting on platform roadmap, new game content, and creation of prize pools.

Game developers can integrate their games into the Tofycoin platform and earn 20%-70% revenue. Tofycoin will provide platform support by integrating our $TOFY tokens, leveraging our in-house technology and playable NFTs.

How does the Tofycoin ecosystem work?

• Real Time Update – by virtue of their full-time servers, you can easily perform transfer processes with 0.003SEC processing time;
• Strong teams and consultants – a large team of the company consists of strong engineers and consultants who do not spare their support from the very beginning, they are always at your side;
• Cloud Based – by virtue of cloud servers located in 7 countries your transactions are fast and secure;
• No transaction fees – Tofy don’t charge fees for Tofy coin transfers. You can make Tofy coin transfer to anyone from all over the world for free;
• Tofy Wallet – you can easily buy, sell and transfer Tofy coins using Tofy Wallet. Tofy Wallet is available on the website, Google Play and App Store;
• Protects the identity – Tofy securely protects your data using 256Bit encryption. Your coins are hosted in the Tofy Wallet cold storage.

Problems faced by the gaming space

The mobile gaming industry has seen a lot of growth in recent years. However, there are still a number of serious problems that need to be addressed.

• Problem of trading between players
  The exchange of in-game items between players is quite difficult because many game companies receive direct payment through IAP (In-App Purchase). Players typically log out of the game and use other trading platforms for such purchases or trades, which results in the game being interrupted and forcing the player to leave the game, reducing the amount of time spent in the game.

• Blockchain development
  Even though blockchain game development seems like an ideal idea, it is not so easy in practice. A team is required that masters and applies Blockchain software. Due to the high cost of the software and the lack of blockchain software developers, the development stages are very difficult.
• High commission rates
  One of the biggest problems in the mobile gaming industry is high commission rates for payments and in-app purchases. Many game companies use Google Pay and Apple Pay payment methods for their games, and the commission rates of these methods can be as high as 30%. This results in high costs for gaming companies.

Solutions offered by Tofycoin

Blockchain gaming platform Tofycoin develops unique solutions to the numerous challenges facing the gaming space. Combining blockchain technology infrastructure with gaming solutions, the Tofycoin platform lowers entry barriers for game developers, content creators, and player communities.

Tofycoin has created its NFT marketplace which allows players to easily buy or sell their in-game items in the form of non-fungible tokens.

Thanks to the integration of the Tofycoin payment system, you can complete the transfer in 0.00007 ms and with a commission of only 0.01%. Thus, players can purchase in-game items and upgrades at a much lower cost. It will be integrated into the game economy in every game developed by Tofycoin, especially for

Tofy Games, which means that players can transfer their in-game currency to other gaming platforms and use it there.

Tofy helps game developers integrate blockchain gaming features into their games by providing essential blockchain infrastructure, including; APIs, open source software development kits, virtual item management applications, and an optimized cryptocurrency-based payment system. This will lower the barrier to entry for gaming companies interested in using blockchain technology.