Welcome to our Refereum Review!
There has been some buzz about this company so we decided to investigate what it was all about…
Some say it’s a scam while others Refereum reviews are saying legit so what is it?
The good news is we are going to walk you through the company, products and compensation plan so you can make the right decision.
Let’s dig into this Refereum review…
Refereum Review
Refereum that is found online at Refereum.com links game developers with gamers, streamers, and viewers.
The platform intends to solve a critical problem in the community of gaming: developers shell out artificially high costs to reach out to fans. Twitch and YouTube influencers boast of the largest followings on the internet. However, they don’t see the returns one would expect going by the size of their audience.
The official website explains, “Gaming as a career is unattainable for most players.”
This inadequacy is a result of the presence of intermediaries and middlemen. Platforms like YouTube take a major cut of each video’s advertising revenue. Developers also have to pay for ads on these platforms, with a major cut going to the middleman.
The ultimate result is that developers are paying extra to reach their audience. Gamers are not rewarded for viewing or playing games, and influencers are not capturing the full potential of the audience.
Refereum wants to cut out the marketing middleman by rewarding influencers and gamers directly to endorse and play video games.
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Workings of Refereum
Refereum solves critical problems in the gaming industry with the use of an open market approach. That approach intends to reach across borders and languages. It also intends to reach across influence levels, so anybody with any level of influence can take part, including regular fans or individuals by merely sharing a game with a friend. Refereum will appeal to other than big name influencers including streamers with millions of viewers.
Developers can opt for what counts as a referral. For instance, they can count installs. But, they can track more advanced referrals, for instance, by simply counting installs from gamers who interact with the game, or instance, like gamers who play at least 5 hours of the game.
In the meantime, developers can reward gamers based on specific engagement activities. They can reward gamers with a penny in exchange to join a Twitch stream during a 12-hour launch window, for instance. Or they can reward a flat $10,000 eSports tournament prize.
Refereum has by now partnered with Twitch to increase adoption of the platform, the leading video game streaming website. Refereum has also united with Unity, the most popularly used game engine worldwide, to make in-game bounties.
The whole Refereum platform is set up on the Ethereum blockchain. It makes use of smart contracts and ERC20 tokens. Smart contracts give out payments to anyone involved in the Refereum ecosystem that completes a specific task. Before, giving out rewards like this has been hard due to legal barriers and geopolitical restrictions.
Some of the main functions of the Refereum blockchain include:
- Refereum Contract: It is the primary contract, maintained by Refereum.
- Refereum Sample Contract: Reference referral program contract, given in their plugin tools and an SDK, including a referral fee distribution mechanism.
- Games: Developed by other developers, these games can make use of customized referral contracts to permit developers to have freedom in their criteria.
- Refereum Plugin and SDK: This is provided by Refereum to streamline the use of smart contracts for C# and C++ programming languages.
Benefits of Refereum
Refereum intends to deliver benefits to the 3 main parties who are involved in the gaming ecosystem, including gamers, developers, and influencers.
Gamers
- Earn money from video games
- Share games to earn commissions
- Trade or spread Refereum tokens (RFR) like cash
- Earn profits from gaming
Influencers
- Earn more money by referring through Refereum
- Extra earning choices are available via earn.Refereum.com
- Secure profits even if you have a small following
- Do it all with no legal fees
Developers
- Attain unparalleled cost effectiveness
- Secure easily scalable direct marketing
- Set any criteria for paid growth
- Offer cash prizes for eSports, clans, tournaments, etc.
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Team behind Refereum
Refereum’s team consists of industry experts from the gaming industry and digital advertising world. The chief members include Dylan Jones (Founder), Alistair Doulin (Chief Technical), Oleksii Mattiasevych (Smart Contract Author), and Sloane Earl (Business Development).
Before finding Refereum, Dylan Jones created some of the highest-grossing Facebook and mobile titles of all time.
Refereum ICO
Refereum tokens are on sale through an ICO. A sum of 5 million tokens has been pre-mined with 2.5 million tokens accessible during the token sale (50% of the total supply). The left over supply of tokens is dedicated to platform development (25%), game developer incentives (10%), the team (10%), and influencer incentives (5%).
The RFR token acts as a utility token for Refereum, and permit participants to transfer value. The coins hold real cash value as they can be utilized for virtual coins or in-game items.
The main ICO for Refereum tokens (RFR) starts on December 12, 2017.
There’s a hard cap of $25 million for the RFR token sale. It sets the token at a price of $0.01
Conclusion
Refereum intends to make an incentive system for gamers and streamers, permitting game developers to pay gamers and streamers in exchange for in-game rewards, tournaments, in-game activities, referrals, and more. All transactions are carried out with smart contracts on the Ethereum blockchain. Here is another company review that we did on Xenio, which also uses the blockchain for gaming.
Eventually, Refereum intends to deliver benefits to the 3 major parties in the gaming ecosystem, including gamers, developers, and streamers/influencers. These 3 parties are all losing in today’s ecosystem: developers pay excess to reach their audience, gamers isn’t rewarded for their gaming, and influencers aren’t capturing the full capability of their audience. Refereum intends to resolve these problems with a unique, blockchain-based platform.
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