Eloplay, found online at Eloplay.com, is a blockchain-based eSports platform that allows players to organize their own tournaments and prize pools. Here’s our review.
What Is Eloplay?
Eloplay is a decentralized eSports platform that allows players to organize and participate in tournaments with decentralized prize pools through the use of blockchain-based “Smart Tournaments”. The company’s ICO begins on October 16, 2017.
The platform was originally launched in 2016. It was built to provide one-on-one eSports tournaments. Eventually, the team realized that the project could become a full-fledged eSports platform capable of hosting team-vs-team tournaments. Development continued for 18 months before the team discovered blockchain and smart contract technology and recognized its potential for eSports.
Today, Eloplay is an active gaming platform with 88,000+ active members, according to the website. Players earn digital tokens in exchange for competing in CS:GO, Dota, and other competitive games.
Eloplay offers all of the following features on its current platform:
- Play your favorite game to increase your Elo
- Fight 1v1 duels and win money from opponents
- Participate in tournaments to win prizes and cash
- Earn money playing against others
- Watch tournaments and stream your battles
- Unite with others and engage in clan warfare
Four officially supported games, including Counterstrike: Global Offensive, League of Legends, Hearthstone, and Dota 2 (FIFA 18 is listed as “coming soon”)
Basically, with Eloplay, you play matches and earn Elocoins in return. You have a reputation on the platform, including a profile. That profile shows how many hours you’ve played, how many battles you’ve played, and your winning percentage.
You receive Elocoins after signing up for the platform. You can spend Elocoins on unique skins available through the online Eloplay.com store.
There are also three different player levels available, including Amateur, Master, and Professional. As an amateur, you’re entitled to duels on one map. You can also create clans.
As you progress to Master, you can get your Elo rating, participate in tournaments with cash prizes, and play duels on any map.
At the Professional rating, you can win cash prizes, create your own tournaments, challenge players to a duel, and access detailed statistics about players.
Again, all of the above features are currently in the Eloplay gaming platform, which has been active on the internet for 2 years and has about 80,000 members. In the future, the company plans to migrate its platform to the blockchain, which will likely lead to new features and membership levels.
How Does Eloplay Plan To Use Blockchain Technology?
On October 3, Eloplay announced that it was launching a token sale campaign to transfer its gaming platform to the blockchain.
The company will replace its non-blockchain Elocoin token with a new digital currency called ELT. ELT would allow players to form decentralized prize pools. Sponsors could also use ELT to host their own tournaments.
Anyone can also use ELT to buy advertisements on the platform.
As mentioned above, this feature revolves around something called Smart Tournaments. Smart Tournaments are based on Ethereum-based smart contract technology, and the ELT token is an ERC20-compliant token compatible with Ethereum wallets.
In a Smart Tournament, 90% of all prize pool tokens will be distributed among winners, while 8% will go to the party that organized the tournament, and the remaining 2% will be reserved for a long-term fund that will be used to hold free-access tournaments in the future.
The company plans to complete its Smart Tournament develop throughout the end of 2017, with Smart Tournaments officially launching on the platform in January.
The Eloplay Token (ELT) Sale
The Eloplay token sale begins on October 16.
The token sale has a minimum target of $3 million USD and a maximum hardcap of $12 million. There’s a minimum transaction amount of 0.1 ETH, with 1 ETH representing 10,000 ELT tokens.
70% of the total supply of tokens will be available through the token sale. The remaining tokens are split to the team (15%), advisory board (5%), Bancor protocol (3%), Wings community (2%), long term bonus fund (2%), and bounties (3%).
Who’s Behind Eloplay?
Eloplay is led by CEO Vitaly Balakhonov, CTO Yuri Vysotskiy, and CIO/Founder Dmytro Salnikov.
The company is headquartered in Tallinn, Estonia.
Eloplay is an existing online gaming platform that offers tournaments and one-on-one duels in four different games. Players compete for Elocoins. By January 2018, Eloplay plans to migrate to blockchain technology and introduce a new digital currency. That currency will be called ELT. They’re ERC20 Ethereum tokens that will be used to conduct tournaments and hold P2P battles.
To learn more about Eloplay, visit the platform online today at Eloplay.com. Or, you can learn more about the ICO specifically by visiting ico.eloplay.com