eSports – ERT ICO Cryptocurrency Gaming Content Reward Token?
eSports.com aims to be the biggest eSports portal in the world – and it’s all built on blockchain technology. Here’s our review.
What Is eSports.com?
eSports.com is a blockchain-based eSports platform that recently launched its ICO. The goal of the platform is to create the home of eSports and “become the biggest content community platform worldwide.” The creators of the platform want to lift eSports coverage to the next level, making it rival today’s sports TV coverage.
To do that, eSports.com plans to offer coaching services from pro players, charity tournaments with celebrities, and a cryptocurrency called eSports Rewards Tokens, or ERT. ERT can be used for all types of transactions on the site.
How Does eSports.com Work?
eSports.com breaks its coverage into three main areas, including:
All users can participate in creating content for these three areas by writing guides or producing videos. Users earn compensation in the form of eSports.com Reward Tokens, or ERT.
The end result is the creation of “the biggest eSports portal in the world” – or at least that’s the goal. That portal will incentivize the creation of high-quality educational content, entertainment, and statistics. Users who produce the best content will rise to the top of the platform, and they’ll be incentivized further in the form of ERT rewards.
The ERT will be the in-platform currency and rewards program. Anything on the platform can be purchased with ERT. The company may also release a betting platform built around ERT – although the launch of their gambling platform is contingent on “the legislative environment in Malta.”
In addition to the three content areas listed above, there are two core parts of the eSports.com ecosystem, including “The Economy” and “The Raffle”.
eSports.com plans to tokenize its platform as much as possible. ERT tokens can be spent on a variety of products and services within the eSports.com ecosystem. Here are the core parts of the company’s economy:
- Buy hardware, games, in-game content, and apparel from the eSports.com shop
- Buy coaching lessons, learning videos, tutorials, and 1-on-1 strategy advice in the eSports university from coaches and community members (users can also earn ERT by offering lessons or coaching themselves, or by producing videos)
- Unlock exclusive content, like a unique line of gamer apparel or access to subscriber-only videos (early backers will receive access to unique items that can only be purchased for ERT, including t-shirts, in-platform perks, and profile icons indicating your status as a founding member)
- Reward others for creating content and be rewarded yourself (“very similar to Reddit gold”, explains the eSports.com whitepaper)
- Unlock premium subscription tiers that provide access to different icons, colors, or customization options
eSports.com will launch a raffle where each smallest unit of ERT (the Satoshi equivalent of an ERT) acts as a ticket to participate. All details of the raffle will be released at a later point in time, and a jackpot will be created based on the company’s earnings during that time period. Whoever wins the raffle will be awarded the full prize money, paid out in cryptocurrency.
The raffle is technically a form of gambling. In order for the raffle to legally take place, eSports.com will need to apply for a gambling license. The developers are in the process of acquiring that license.
Who’s Behind eSports.com?
eSports.com is led by Benjamin Föckersperger, listed as “Chief eSports Officer” and co-founder. He’s also the head of the Berlin office and eSports University. Prior to launching eSports.com, Föckersperger studied game production at the Games Academy in Berlin, and co-founded browser-based gaming company SlipShift. He also opened an online casino in Malta that grew into Jackpot.de
Other key members of the team include Philipp Geppert (Chief Executive Officer and Co-Founder and head of the Prague officer), as well as Robin Lawson (Chief Operations Officer) and Michael Broda (Chief Financial Officer).
eSports.com has partnered with ESL (formerly the Electronic Sports League, Sports1 (the biggest sports media brand in Germany), Bet90 (the third largest sports betting company based in Germany), and SBTech (which provides back-end infrastructure for the platform.
The eSports.com ICO
The eSports.com ICO began with a pre-sale on October 29. The general ICO is scheduled for November 1 to 30, 2017.
You can purchase eSports Reward Tokens, or ERTs, during the token sale. Tokens can be spent on “anything on the portal”. In the future, betting may also be allowed with ERTs.
The pre-sale is capped at 12 million tokens, which accounts for 50% of the available tokens during the crowdsale. The other half (the other 12 million) are available during the main ICO.
eSports.com is accepting BTC, ETH, and fiat currencies during the pre-sale. Anyone except for United States residents can participate in the token sale. Tokens are being sold at a rate of 1 ETH = 240 ERT.
The company has already reached its minimum funding goal of 2 million EUR. Their goal is to raise 5 million EUR in funding, in which case they’ll provide a 10% bonus to early investors. If they reach 20 million EUR in funding, they’ll launch eSports University within 3 months of launching the portal. The University will include a physical gaming house in Berlin along with two teams: one for CS:GO and one for League of Legends.
In total, 40% of the total supply of tokens is available during the ICO. The remainder is split between the team (20%), company cold storage (20%), buffer (10%), investors (5%), and bonuses (5%). There’s a total supply of 60 million tokens.
eSports.com aims to create the biggest eSports portal in the world. That portal will offer a variety of gaming products and services along with an in-platform casino. The ecosystem revolves around the use of eSports Rewards Tokens, or ERTs, which can be used for all transactions within the platform. To learn more about eSports.com, visit the platform online today. The crowdsale is taking place until the end of November.