Why is premium currency important in games
Premium currency is special currency bought with real money and used in video games for purchasing various things which are impossible to get by any other way. Premium currency is used in 90% of modern games which have any kind of multiplayer today. It is also main source of income for mobile games, Facebook games, and many other. The premium currency is so important today that 90% of the hacks and cheat tools are made for adding premium currency to game accounts. If you look at some of our most popular hacking tools like Clash of Clans hack tool, Throne Rush cheats or Castle Clash, you can see that all of them are centered on adding premium currency to the game. If we look at history of premium currency, we can see that it evolved from cash shop, which is also common thing in modern games, while 10 years ago it was expected to be found only in Korean MMORPGs. How things changed in only 10 years so that premium currency evolved from cash shop and become dominant payment method in todayâs games?
Why premium currency and cash shop together
Cash shop was introduced way back, more than 10 years ago. It was first introduced in MMORPGs which were free to play, as main source of income through micro transactions. Over the years it became obvious that this payment method is much better than subscription method. In this moment, there are less than 10 video games in massive multiplayer online genre with subscription payment method, while literally thousands of other games have free to play model with premium shop (or cash shop) and micro transactions. At the beginning the model introduced in the world of video games was free to plat model, with cash shop. Although this model was a huge success, it still had a problem. Not all players could or wanted to spend money on free to plat game, but they still wanted the access to premium items from cash shop. The solution was to allow trading of cash shop items between players, so that players could buy it with in-game money. This system proved to be even better. Over the years, third feature was introduced in this system, and it was called premium currency. From the beginning, all items in cash shop could be directly purchased with cash. But in older years all of these games were played in USA only, so the only currency used was US$. When the games started to become more popular in other countries, a problem appeared with using many different currencies for paying in cash shop. As a clever answer to that premium currency was introduced. Premium currency was some kind of intermediary currency. Every item in cash shop had its price in premium currency. The player only needed to buy the premium currency with his local money. The prices for items remained the same for all players, thanks to introducing the premium currency.