Gold Key Blockchain
By introducing the Founder concept
GKGC Platform to Realize a Healthy and Sustainable Decentralized Sharing Economy
2021.08.03
Gold Key Global Public White Paper [ v 1.0 ]
INDEX
1. GKGC Summary
2. GKGC Mission & Vision
3. Market Analysis
4. What’s Decentralized Sharing Economy?
5. About Gold Key Global Group Corp.
6. How to work GKGC
7. Distribution Token Plan
8. History & Roadmap
9. Conclusion & Disclaimer
1. GKGC Summary
Gold Key Global is composed of game industry experts and blockchain experts. In the real world that has entered the Web 3.0 era, we have seen a situation where blockchain is deeply embedded in reality, and we have realized that we are living in a world where reality and virtual reality cannot be distinguished. In other words, possessions in the online world are now recognized as their intrinsic value, and a way has been opened to prove their value in real life.
In addition, we have been thinking about why many projects cannot be sustained, and as a result, we have come to the conclusion that many blockchain projects have failed because they presented only a vision without a substance.
So we want to show you how to unify the real and virtual worlds and complete the decentralized sharing economy via business area that we can do best.
The blockchain we implement will bring transparency and sustainability to the gaming industry.
We are going to create a blockchain that can integrate the real world and the virtual world by introducing the concept of ‘Foundar’ and implementing the metaverse.
2. Mission & Vision
Mission
Our goal is to create an ecosystem that integrates reality and virtuality through blockchain and to give members the right to participate in the decisions they make within the ecosystem to realize an active and active distributed sharing economy.
Vision
GKGC believes that the realization of shared distribution can make its economic scale larger and lead to a cross-border sharing community. GKGC holders can expand the ecosystem by continuously developing and developing projects through global sharing economy participation with the GKGC, and make various economic activities, donations, and payment of donations possible within the Gold Key metaverse.
GKGC’s activities provide novel and sincere solutions through specific problem recognition and goal setting, and are systematically and consistently pursued from a mid- to long-term perspective.
We aim to become a global sharing economy participant where everyone can win-win by making efforts to lead these activities to sharing economic outcomes.
3. Market Analysis
If web1.0 refers to the era when information provided by centralized providers like web pages starting with www was only searched for, then web2.0 refers to a world where the boundaries between providers and users are blurring such as Cyworld, Facebook, and YouTube.
The world is more advanced than this, and now we are talking about the era of web 3.0.
In the era of web 3.0, a world in which economic activities equivalent to reality will be possible will come. There we can build the world, manufacture and supply things.
This web3.0 cannot be considered in isolation from blockchain technology, and in particular, the era of web3.0 is accelerating with the advent of NFT technology.
NFT is a neologism created after the first letter of Non-Fungible Token. It refers to a unit of data stored in the blockchain, and it is a token that solves difficult problems by protecting artifacts from indiscriminate copying in the digital world and allowing them to have unique values.
NFTs may be used to represent photos, video, audio and other types of digital files, no copies are accepted. Copies of these digital items can be obtained by anyone, but since NFTs are recorded and tracked on the blockchain, the original owner exists and requires permission from the original owner to use it.
In 2021, the use of NFTs increased. Cryptocurrencies such as Ethereum and Tron have their own standards and are trying to exert influence in the NFT market, and so far, Ethereum is unique. As in many fields in the real world, such as digital art, collectibles, in-game goods, music, movies, and sports, NFTs are already becoming a means of being valued equal to or greater than the real world. Among them, it is widely used to commercialize digital assets in the entertainment field. In particular, it is necessary to pay attention to the game industry. The game industry has grown in scale and sales by moving its operating system to consoles, PCs, and mobiles, but the limit is approaching. To overcome this, the game industry is paying attention to the blockchain as the next platform, and many games are trying and testing the operation on the blockchain. And finally, by allowing users to uniquelize their items, avatars, etc., it succeeded in attracting explosive use of users.
In the meantime, the main trend was consumer games, where people played games by investing money, but now with the development of blockchain, it is possible to enjoy games while earning money through economic activities, production activities, and game activities within the game. It means that we are evolving into the era of ‘PLAY to EARN’.
For example, games such as Axie Infinity and Mir 4 have different genres. However, they open the way for exchanging the digital asset with FIAT currency by using NFT technology. User’s NFTs can be traded online by giving them unique values, or obtain Token by mining in the game.
This means that people can now spend more time in the virtual world, and it is gaining explosive popularity in line with the current social environment be called the untact era.
In addition, with the advent of the term metaverse, which cannot be thought of separately from NFTs, the world is rapidly moving to an economic system based on blockchain.
The term metaverse that appeared here was an online activity that existed under various names such as augmented reality, virtual reality, vlog, and mirror world. However, at some point it is being incorporated into the term metaverse. It remains to be seen whether this neologism will continue to be used or will end up becoming a fad, but we have already experienced the metaverse, which has only changed its name, in various fields.
With the advent of blockchain technology, a world is coming where its value is recognized as a unique value called NFT, and digital assets become one of the asset lists.
Looking for an example of business through the metaverse, many brands that are called luxury brands around the world are making their own products in the virtual world these days. These products are made with NFT and have a unique value, and can be traded between users, and the transaction price exceeds their brand price in the real world. Users can also participate in activities with purchased NFTs on other platforms. Simply put, you can carry your Gucci NFT online and move from platform to platform, just like you would travel to another country with a Gucci handbag in the real world.
Of course, right now, you can only move between platforms running on the same blockchain, but a blockchain that converts this will also appear.
In addition to the luxury industry, Nike, a clothing brand, is also selling their designs on metaverse, and there are already young people who make hundreds of millions of dollars in profits by selling their digital clothes. This combination of free imagination and blockchain technology makes what was once done in the real world possible online.
As such, we have already experienced various blockchains in the blockchain era and encountered numerous projects. And in the future, we will meet more projects and more advanced blockchain.
4. What’s Decentralized Sharing Economy?
There is a theory in economics that shared resources lead to tragedies.
This means that because people think that shared resources are not theirs and are free, they are overused, and eventually no one else can use them.
On the other hand, the sharing economy is a theory that starts from the idea that the more you share, the greater the profit.
The concept of the sharing economy started in earnest as the global economic crisis in 2008 caused serious social problems such as low growth, unemployment, and declining personal income.
In 2011, when Rachel Botsman, an MBA visiting professor at Oxford University, predicted the future of the sharing economy in “We Generation,” people ridiculed it. This is because the prevailing theory was that shared resources lead to tragedy.
However, as he predicted, things unimaginable at the time happened. Many sharing service companies were established such as Airbnb, which says that they share their home with others, Uber or Grab, which shares their car with others. Their net worth exceeds $31 billion for Airbnb and $68 billion for Uber.
This means that the era of ‘local trust’, when people lived in a community where people already knew each other, and the era of ‘institutional trust’ organized by law and contract, have now reached the era of ‘decentralized trust’.
As trust moves horizontally (meaning it is decentralized), the power of power, expertise, and authority has diminished. The explosive growth of the sharing economy is a prime example of how decentralized trust works. People are starting to trust others through technology. As we rely on technology to score restaurants and chatbots (chat robots) and star Uber drivers hard, the sharing economy has solidified the realm of ‘trusted business’.
The main factors that made this explosive sharing economy possible are the rapidly developed Internet, social network services based on it, and innovative IT technology.
The sharing economy includes both tangible and intangible, and can be broadly classified into three categories: sharing, barter, and cooperative community according to the type of transaction. Car sharing is a typical example of sharing in a way that users can use products or services without owning them. These include UBER, GRAB, and GOJECK. Barter is a method of redistributing goods that are not needed to those who need them. Finally, cooperative communities deal with both tangible and intangible resources in a way through cooperation between users within a particular community. AirBnB, which provides its own space to travelers, and Wikipedia, a knowledge sharing platform, are well-known cooperative community sharing economy.
The sharing economy aims for a win-win structure that benefits users, intermediaries, and society as a whole. Under the general economic system, companies have returned their benefits to society through additional activities separate from their original activities such as donations or social foundation establishment. However, in the sharing economy, production and sales activities (due to sharing, exchange, or cooperation) benefit the parties to the transaction, at the same time, transaction itself saves resources and solves environmental problems, thus enabling social donations.
Professor Lawrence Lessig of Harvard University defines the sharing economy as cooperative consumption that creates new value by sharing one’s own technology and property with others.
In other words, an economy of sharing and cooperation rather than monopoly and competition, peer-to-peer (P2P) direct transactions without intermediaries, and additional income generation through idle asset sharing should be the basic premise of the sharing economy.
However, in the business of representative companies of the sharing economy, the central server monopolizes the transaction, and the company blocks direct transactions between individuals and receives brokerage fees.
In other words, it is not a sharing economy, but a centralized service.
Distributed sharing economy starts from the concept of securing this shortcoming and creating a more win-win structure. With the development of blockchain technology, a plan has been prepared to make this concept a reality.
In a 2016 TED talk, Don Tapscott said that blockchain would bring innovation that would displace the existing sharing economy intermediaries.
In a hyper-connected society where ICT technologies such as big data and artificial intelligence of the 4th industrial revolution are combined, the new blockchain-based sharing economy platform is expected to overcome the limitations of the existing sharing economy system where intermediaries exist and bring about change.
Even in Forbes magazine, centralized sharing services such as Uber and Airbnb can be destroyed by the disruptive power of blockchain, and it is expected that it will take several years for blockchain to be fully applied to the sharing economy, but Forbes says that blockchain has the potential to enable a true sharing economy.
Technically, blockchain is a distributed ledger technology that distributes the ledger that records transaction information to a peer-to-peer (P2P) network rather than a central server of a specific institution. It is a technology in which participants jointly record, manage, or compute resources. It is a technology that secures enormous computing power by collecting, processing, and verifying all tasks in a distributed network without a central server based on it. In simple terms, blockchain is a security technology that makes the entire process of data creation, distribution, and management safe. This is possible because the blockchain makes manipulation impossible. The reason is that the blockchain does not centralize data on a central server, but rather distributes and stores data on the computers of network participants in real time, does not require intermediaries or central administrators, and most participant ledgers only recognize matching ledgers.
If such blockchain technology is applied to the sharing economy, P2P transactions are possible without intermediaries or central managers. In addition, users can safely register detailed information about the technology and property they want to share on the block chain and trade with others, and do not have to pay a fee to an intermediary. Also, since anyone can see the transaction history and become a network participant, they can trust each other.
Several startups are realizing this decentralized sharing economy.
German startup ‘Slok.It” introduces blockchain technology to lodging sharing, allowing tenants and lessors to transact peer-to-peer through a blockchain-based platform that enables smart contracts that specify ownership of assets and enforce contract rules. The landlord uploads information and photos about the house, and the traveler searches for the room they want and then transfers the room price. There are no fees charged by intermediaries like Airbnb. This information is registered as a block, and an IOT-based smart door lock access right is generated and the door can be opened with a smartphone. After the period of use, access to the door lock is given only to the owner.
Israeli startup La’Zooz, which provides car-sharing services, has created a self-issued cryptocurrency called ‘Zooz’ and is using it for car-sharing. In particular, the company has created an algorithm by which cryptocurrencies are created, but does not have access to interpersonal transactions. When a driver shares his or her location with the La’Zooz app while driving a vehicle, real-time location information is registered as a block and the driver’s e-wallet is created. When a person who wants to carpool connects and enters a destination, a notification appears to a driver passing nearby, and when the driver accepts the carpool, the transaction is completed, and ‘Zoozes’ are transferred from the carpool user’s e-wallet to the driver’s e-wallet immediately. The driver can convert the accumulated ‘Zoozes’ into cash or use it when using a carpool.
As such, for the name of the sharing economy to have any real value, the platform’s authority must be vested in users. This is consistent with the concept of blockchain.
When a distributed sharing economy is realized through blockchain, the value is distributed to the participants who contributed to the value creation. In addition, since transaction details cannot be manipulated, many problems in the existing sharing economy can be improved.
In a word, one of the greatest strengths of blockchain is to enable the sharing economy to move in the right direction through the building of trust, which is the distributed sharing economy, and this is the direction we should go.
5. About Gold Key Group Corp
Gold Key Global is a company established in Vietnam that manufactures and distributes game consoles and game programs. A portion of the proceeds is donated to each volunteer group for social sharing.
GoldKey Global has made various attempts and concerns to create a healthy and sustainable ecosystem in the blockchain era and to realize a decentralized sharing economy. As a result, we focused on the gaming industry, in particular the online market, where we can do the best we can, and found a way to combine gaming and blockchain to create a healthy and sustainable ecosystem. We conclude that the answer is social casinos.
Gold Key Global will use blockchain technology to converge online games developed through the GKGC project with the real world, and further expands the GKGC network into the Gold Key metaverse. so that we will make various economic activities and quality of life can be found in our ecosystem. Since Gold Key Global already has technologies in various fields that can grow this ecosystem healthy and sustainable, it can achieve a distributed sharing economy ecosystem in this new web3.0 era. Gold Key Global introduced the concept of Founder Coin to implement and complete this purpose, creating early participants, and the early participants gathered in this way work together to lay the foundation for the ecosystem, and from this solid foundation, the initial economic activity begins with the social casino, and based on this, a foundation for giving back to society is established, and a community that will keep the ecosystem safe and healthy is composed These members participate in the presentation and voting of opinions proportional to the GKGC they have in the GKGC network, and through this, they create the standard of a distributed sharing economy.
Gold Key Global is a group of experts such as legal team, accounting, finance team, blockchain network development team, game technology research team, blockchain research team, hacking prevention security server team, online and offline marketing team, group strategic planning team, public relations event team, business support team, etc. We will do our best to utilize and cooperate with the system so that GKGC can form a network that leads the global market.
First, Goldkey Global will install 500 table game machines composed of various game items in major cities in Vietnam in the first project (July to December 2022), 1,500 tables in the second project (January to December 2023), and 3,000 tables in the 3rd project(January – December 2024). These project increases the value of the GKGC network by securing members through affiliates and voluntary expansion of users through the recommendation system.
Based on Vietnam’s strong ecosystem, we will expand the scope of the ecosystem to ASEAN countries such as Cambodia, the Philippines, Thailand, Malaysia, Singapore, Laos, and Myanmar, and strive to build the GKGC network based on the expanded ecosystem. Securing stable ecosystem participants through off-store is the basis for GKGC holders to obtain continuous and stable profits.
6. How to work GKGC
GKGC, called Founder Coin, is a utility token that maintains the GKGC network. Out of a total of 10 billion GKGCs. GKGC is not a simple project. It provides a whole set of various games with a blockchain background. GKGC consists of a three-node system of network proof-of-work, proof-of-stake, and proof-of-storage. Proof of Work constitutes a node that is fully owned by the NFT and becomes a Tier 1 node for each project. Proof of Stake is a paid node that operates games through a smart contract rental structure, which is also supported by GKGC. Proof of Storage is free and can be fully hosted in the node ecosystem, eliminating reliance on centralized hosting solutions like Amazon.
In this perfect structure, Gold Key Game Slot will be the first project, and Tier 1 node will consist of 5,000 NFTs. Users can participate in the operation of this node.
These nodes are early network volunteers, receive NFTs from the project of Gold Key Game Slot, and rewards are allocated to their node licenses.
In addition, Gold Key Game Slot is a social casino that can be found through the Play store and Apple store. In order to express a real casino, it will be a social casino that responds to the needs of users by giving various lobby systems, avatar systems, and various event bonuses. After that, Gold key Global will develop the network into the metaverse world through continuous network expansion.
GKGC Foundation
It is a foundation established and operated within the GKGC network to smoothly support social support projects in line with the purpose of the GKGC project. The foundation supports social relief organizations around the world, and the target of support will be gradually expanded in the future. Activities and all activities are posted, recorded and distributed on the network. The GKGC project starts in Korea, Vietnam and Cambodia first, the second to the Philippines, Thailand, Malaysia, Singapore, Laos, Myanmar, the third India, Indonesia, Nepal, Sri Lanka, the fourth Taiwan, Japan, Hong Kong, and the fifth United States and Canada. As like this, we intend to expand the scope of our activities
GKGC Wallet
It is a wallet provided to users to make the ecosystem of GKGC more convenient and smooth. This wallet is a blockchain wallet developed by combining the fintech technology that Gold Key Global has been supplying for many years, GKGC wallet can make payments and transfers, and since the payment system between the real economy and the virtual economy is linked through blockchain technology, it has the ability to withdraw cash. GKGC Wallet will be a project that provides the overall financial settlement system such as payment, storage, exchange, DeFi, and Staking on the GKGC network. In addition, it is possible to issue a real visa/master card linked with a wallet and to open a non-face-to-face account at a bank. GKGC wallet will gradually develop into a distributed exchange (DEX) within the GKGC network, and will become an important element connecting the GKGC network and the real world. A decentralized exchange refers to a decentralized cryptocurrency exchange that operates in a peer-to-peer (P2P) manner, unlike a server-client centralized exchange. It is called a decentralized exchange. For a decentralized exchange to work, an atomic swap function must be implemented. Atomic swap refers to the direct exchange of different coins without going through a centralized cryptocurrency exchange. In the case of BitShares, a cryptocurrency created by Dan Larimer in 2014, and Waves, created by Alexander Sasha Ivanov in 2016, the cryptocurrency wallet itself has a peer-to-peer (P2P) distributed cryptocurrency transaction function. Through this function, participants will be able to receive services such as asset exchange between the real world and the metaverse, and storage and proof of NFT products. The reason why these decentralized exchanges appeared is the decrease in reliability due to hacking problems in numerous centralized cryptocurrency exchanges such as the first cryptocurrency hacking, the Mt Gox exchange hacking incident, the Bithumb hacking incident, and the Yapizone hacking. The DEX was proposed as a solution as it was pointed out that the problem of centralized exchanges brokering transactions and storing investors’ assets on a central server was a problem. Decentralized exchanges only broker transactions. Since all of this is done through smart contracts, there is no need to trust anyone. Also, there is no risk of having a lot of property hacked at once because it doesn’t keep all your properties in one place. So users can trade with confidence. Assets move directly through P2P without going through an exchange. Even if the exchange is hacked, assets are not stolen and there is no risk of book trading. In order to prevent damage from hacking of centralized exchanges, it is recommended to move and store cryptocurrency in users’ wallets without leaving a lot of money on the exchange when using centralized exchanges. But there will be many people who continue to trade cryptocurrencies while entrusting them to the exchange. They are exposed to repeated hacking threats.
However, since the owner himself or herself manages the secret key and moves directly to the counterparty’s wallet in P2P during the exchange, the funds can be managed more safely by themselves. If The DEX’s program is made open source, you can read the code to understand the transaction processing process. Knowing the views of people who can read the code even if they can’t read the code allows the user to monitor an exchange and decide whether to use it or not. The DEX does not require any self-authentication effort. When using an overseas exchange or multiple exchanges, submitting personal information to each exchange is not only cumbersome, but also risks personal information leakage. However, in DEX, there is no need to verify the original identity, so there is no such concern.
The DEX to be implemented by GKGC Wallet provides various additional functions such as various DeFi projects, liquidity pool system, and token mix system in addition to the general coin transaction function, and it is possible to store and trade NFTs created in the GKGC network.
GKGC Blockchain Lab
It becomes a group of developers established within the network for the expansion and maintenance of the GKGC network. In this project, the world’s best talents participate in network development and receive rewards accordingly, and the rewards from the network become financial resources. Blockchain is a network that cannot be built alone. There are countless people with novel and innovative ideas in the world, and if we encourage their participation, the project will be developed more and more valuable. GKGC blockchain Lab will encourage many developers to participate and give sufficient rewards accordingly to make efforts to develop the project. This is because it is also in line with the interests of the participants. Through this Lab, participants can evaluate their creations and, if adoption is approved by the GKGC Founder holders’ council, they can be officially registered in the GKGC network game ecosystem. In addition, participants can provide new technologies for the development of the GKGC network and new projects, which can be applied to the network through evaluation and validation by the Lab.
Gold Key Mall
The GKGC network created through the efforts of GKGC participants will create a very strong and active economy, leading to the active participation of global leading companies. Gold Key Mall collaborates with them to create NFTs that cover the real world and the GKGC network and disclose them to users. It also operates training courses that allow users to create their own NFTs and the sale of various tools, allowing participants to engage in economic activities in a variety of ways within the GKGC network. Gold Key Mall is a project to create, operate, and manage all commerce on the GKGC network.
The GKGC network has a structure in which the network becomes a more robust and sustainable project through activities in which profits are virtuous, shared, and distributed by composing various platforms like this. The economic benefits generated through this will be redistributed to GKGC holders.
7. Distribution Token
8. History & Road map
9.Conclusion and Disclaimer
Conclusion
Gold Key Global is deeply conscious of the problems of the sharing economy in the real world. Centralized sharing economy companies are fading the meaning of the sharing economy and pursuing only their profits.
By combining the game industry and blockchain technology to form the GKGC network, we want to realize a true sharing economy by introducing the concept of distribution to the concept of a sharing economy that is out of context in the real world.
Disclaimer
This document is currently being published as a draft, and while efforts are made to provide accurate and up-to-date information, it is not exhaustive. Therefore, the facts and information described in this document and information provided by Gold Key Global and other information providing sites do not guarantee profits.
The present white paper and the information contained herein have been prepared for introduction and informational purposes only. Accordingly, this document is not an investment proposal and does not contain elements of a consultative relationship.
GKGC does not constitute capital, income, royalties or rights in shares and capital of the company issuing them, GKGC does not issue securities for sale and does not distribute assets or shares.
Information or facts obtained from GKGC’s website, blog, social network pages and current white paper do not include the provision of financial services and do not constitute an outline or plan for the issuance of securities.
GKGC’s activity is to implement a healthy and sustainable ecosystem using advanced technology. Therefore, the results do not always meet the expectations set forth in public documents or on the GKGC website.
We are restricting citizens of countries that do not support investing in cryptocurrencies and ICOs.
This document contains forward-looking statements and is subject to change without notice.