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Tuesday, 20 November 2018, 11:30 HKT/SGT
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Source: ALAX / DCore
ALAX taps DCore's Blockchain Platform to bring Mobile Gaming Content to Millions of Unbanked Consumers
- ALAX, mobile gaming platform w/100M users, DCore, blockchain technology 2,000 transaction/sec
- With DCore, ALAX brings mobile content to the unbanked, consumers without debit or credit cards

HONG KONG, Nov 20, 2018 - (ACN Newswire) - ALAX, a Hong Kong and Geneva based global mobile games distribution platform that connects game publishers with mobile gamers worldwide, has announced its strategic move to DECENT's customizable blockchain, DCore. DCore is a blockchain technology capable of processing over 2,000 transactions a second.

While consumer mobile app spending will surpass US$110 billion in 2018 (AppAnnie), it is restricted to users with access to bank accounts and traditional mobile wallets. By building on top of DCore, ALAX is bringing mobile content to the unbanked, and to consumers without debit or credit cards.

"Moving to the DCore blockchain marks an important step for ALAX to deliver on its vision of bringing mobile content to the world," said Matej Michalko, Co-Founder of ALAX. "Other than the swiftness of using and developing on DCore, our community will benefit from the platform's security, reliability and advanced customizability that is required to support the ALAX App Store," added Matej.

DCore provides developers with the ability to create their own custom tokens. For ALAX, these custom tokens will act like credits to be used in mobile payment processing. This process of payment provides smartphone users, who have access to the Internet, with a familiar and easy experience to use in-app purchases. At the same time, both developers and publishers will receive instant and direct payment settlement right in the palm of their hand.

DCore was chosen by ALAX for its high level of security and trust. The move also aligns with the unique attribute of ALAX App Store which will be launching in Q1 2019. It will incorporate multiple ways for users to top-up credit including scanning a QR code at an existing seller network of brick and mortar stores.

ALAX is a joint venture between DECENT, a blockchain technology provider and Dragonfly, a distribution platform for games. The Token Generation Event (TGE) for this endeavor was held back in April 2018 and raised around US$3.82 million. The original ALAX token (ALX) was first hosted on the Ethereum blockchain, posing as ALX ERC20 tokens. ALAX has chosen to swap the tokens over to the DCore blockchain to use the full potential of the platform.

In the last 12 months, ALAX had signed Letters of Intent (LOI) with Torque, a leading manufacturer of smartphones and tablets in the Philippines. ALAX has also signed with collaborators like NiceGame and Quick Games, both advocators in the promotion and development of online games. To strengthen its game platform, ALAX is working with Egretia, the blockchain lab of the Chinese giant, Egret Technology and Bellotec.

ALAX is currently working on bringing their projects to life, the first one will be ALAX PAY, release scheduled for next month. For more information, please visit www.alax.io.

About ALAX

ALAX is a Mobile Game Distribution Platform, based on blockchain technology, which is set to transform the gaming industry around the world. It is a joint venture from blockchain technology business DECENT and app and game distribution platform Dragonfly and aims to provide a platform for content creators and gamers alike, including 'unbanked' consumers worldwide. The ALAX partnership means DECENT's proprietary blockchain technology, DCore, will be immediately rolled out to Dragonfly's 100+ million active monthly users. For more information, please visit www.alax.io.

About DECENT and DCore

Founded in 2015, DECENT is a non-profit foundation that has developed an open-source blockchain platform, named DCore. Cooperating closely with top investment funds and incubators, DECENT is dedicated to building the ecosystem upon its proprietary blockchain technology to help developers and businesses adapt to a decentralized future. Visit www.decent.ch.

Launched in 2017, DCore is a stable, customizable and cost-efficient open-source blockchain platform you can easily build on. As the world's first blockchain dedicated to digital content, media and entertainment, DCore provides user-friendly software development kits to empower dApp developers and businesses in the decentralized network. See www.decent.ch/dcore

For Media Enquiries
PRecious Communications for ALAX
E: [email protected]
T: +65 6303 0567

Press release (PDF): http://www.acnnewswire.com/clientreports/598/ALAX_201811.pdf


Topic: Press release summary
Sectors: Gaming, Mobility/Wireless, FX & Digital Currencies, FinTech/Chains, Venture Capital
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