E-sports is a skill-based gaming industry. The days are gone when the gamers had to travel physically to participate in different gaming tournaments. The technology has now brought everything into your hands. The fast speed internet has now made it possible for the gamers to participate in all international tournaments while sitting in their home. There is no doubt that E-sports market is one of the fastest growing markets at the moment.
A recent survey has shown that the global revenue for Esports market is projected to hit $700 million this year. You'd be surprised to hear that the number of fans of E-sports is a lot more than the fans of World Series. There are millions of E-sports fans that regularly watch and participate in the E-sports tournaments.
Goal of EtherSportz
EtherSportz is focused on providing an international platform to the gamers where they'll be able to participate in online tournaments to win cash, Bitcoin, or Ether. In the beginning, they are going to introduce the skill-based games but in the future, they will integrate popular games from other platforms as well.
They are using the ESZCoins to raise funds for the development of their platform. They partnered with Token of Trust to vet each person so that they can facilitate AML and KYC requirements. They are going to officially launch their platform by the end of 2018. This platform will allow gamers to win prize pool rewards by competing with other players. They can participate in the tournaments by using cash or cryptocurrency.
They are going to offer a wide range of skill-based games where gamers can compete with other players or teams. They have a goal of organizing thousands of tournaments each month. They are willing to launch a closed beta by the end of the second quarter this year. In the Third quarter, they will open beta version of their platform publically where a huge number of players will be allowed to participate. In the fourth quarter, they will organize a celebration event where they will officially launch their platform.
Benefits for investors
The Ethersportz is not only offering benefits for the gamers but it is also offering some benefits for the investors. They will equally distribute 50% of their profit among the coin holders. The investors won't have to pay any extra charges to convert their coins.
Are there other platforms like EtherSportz?
Well, there are many other platforms that are already offering these services to the gamers and there are lots of gamers that are continuously trying their skills on these platforms.
What's the difference between EtherSportz and other similar platforms?
The questions may appear in your mind after reading the above statement is that if there are several other platforms working in the same industry, then what's the most remarkable thing about EtherSportz that makes it different from other platforms. The question is really valid and there needs to be a valid answer to this question otherwise, there is no benefit of introducing such a platform.
The difference is simple that the other platforms sell their tokens to the gamers to allow them to participate in different games. These platforms have full control of these tokens and they can increase or decrease the value of these tokens anytime they want. On the other hand, the Ethersportz has introduced a new concept where gamers will be allowed to compete with other gamers by using their own cash or cryptocurrencies like Bitcoin or Ethereum.
The gamers can cash out the prizes anytime they want and they can also keep it stored to use it as an investment.
What is ESZCoin?
ESZCoin is an ERC20 token on the Ethereum blockchain. During the first quarter of 2018, they mined 10 million ESZCoin and most of them were sold to fund the development of the EtherSportz platform.
In my opinion, there is no harm in investing your money in this platform because the concept they have brought is really unique and it will definitely dominate the E-sports market. And most importantly, this idea cannot fail in any condition because it is targetting one of the fastest growing industries in the world.
