Security and gaming device for gamifying decentralized distribution of virtual tokens

A system for gamifying decentralized distribution of virtual tokens, comprising:

• a security and gaming device comprising memory, the memory storing sequences of instructions;
• and
• a processor configured to execute the sequences of instructions which, when executed, causes the processor to perform:
• receiving virtual tokens at the security and gaming device to securely store the virtual tokens;
• confirming features of the virtual tokens allow for utilization of the virtual tokens as credits in a game, the game comprising at least one of a videogame or a game of chance or skill having a result;
• executing the game through an application;
• issuing new tokens through the security and gaming device with each winning result based on an amount of virtual tokens paid for each game, the new tokens generated ahead of time in accordance with an algorithm and only accessible for issuance upon winning;
• destroying the amount of virtual tokens paid for each game with each losing result;
• and
• transferring the new tokens to another security and gaming device, the transferring comprising:
• generating a unique public/private key pair for both of the security and gaming devices.

A non-transitory computer-readable storage medium is provided including instructions that, when executed by a processor, cause the processor to perform a method for gamifying decentralized distribution of virtual tokens, the method comprising:

• receiving virtual tokens at a security and gaming device, the security and gaming device comprising storage for securely storing the virtual tokens;
• confirming features of the virtual tokens allow for utilization of the virtual tokens as credits in a game, the game comprising at least one of a videogame or a game of chance or skill having a result;
• executing the game through an application;
• issuing new tokens through the security and gaming device with each winning result based on an amount of virtual tokens paid for each game, the new tokens generated ahead of time in accordance with an algorithm and only accessible for issuance upon winning;
• destroying the amount of virtual tokens paid for each game with each losing result;
• and
• transferring the new tokens to another security and gaming device, the transferring comprising:
• generating a unique public/private key pair for both of the security and gaming devices.