Name of ICO: Esports
Summary of ICO: Esports.com is a community platform for fans of eSports.com. Through this platform users will be able to create and share content. Users will also be able to purchase products associated with their favourite eSports teams. Esports has a betting licence enabling users to wager on eSports teams.
Name of Token: ERT
Start Date For ICO: 29th October 2017
End Date For ICO: 30th November 2017
Hard Cap for ICO: 61,200 ETH
ICO Website: https://www.esports.com/
ICO Whitepaper: https://esports.com/whitepaper-old
Token type: Standard ERC20
Team: Co-founder and chief eSports officer is Benjamin Fockersperger. Benjamin is a life longer gamer. At the age of sixteen he started a LAN party event in Germany which still exists today. Through his involvement in the LAN party event he has appeared in the media on numerous time advocating for eSports to be accepted as a legitimate sport. Benjamin studies at the Games Academy in Berlin. He is the co-founder of the browser games company SlipShift. He then moved onto opening the Jackpot.de online casino in Malta. Chief Executive Officer and co-founder of eSports.com is Philipp Geppert. Philipp served for two and half years of COO as a sports bookmaking operation in Costa Rica and five years as the CEO.
Benefits Of eSports.com: eSports.com has a unique pronged model which will help to differentiate it from its competition. eSports.com will be using the blockchain to help develop a community of eSports.com fans. These fans will be incenticvised with ERT tokens to produce content and to socially interact with that content. ERT tokens can be earned for social activities like viewing and liking content. As eSports.com is located in Malta they have been able to obtain a license to take bets. As eSports.com has identified eSports fans are twice as likely to make an online wager as the average person. By being able to accept bets eSports.com should be able to fully monetise their community. This will provide them with funds that the can use to help grow that community. This ability to create a social community using their own token and then monetise that community by offering bookmaking is something that distinguishes eSports.com from both other bookmaking operations and other eSports communities.
What give ERT tokens value: ERT tokens will be used through-out the eSports.com platform. ERT tokens can be used to purchase everything that is available on eSports.com. This will include the ability to purchase eSports team merchandise. It will include the ability to purchase training, coaching and access to video content. ERT tokens will also be used as a form of incentivisation. Users on eSports.com will be able to reward creators of good content with ERT. Creators of content will be able to elect to reward users who socially interact with that token with ERT tokens. ERT can be earned by users who provide coaching services to other users. If the community is successful then there should be a good market for ERT. ERT can be traded for other cryptocurrencies and fiat either through the eSports.com platform or through other exchanges which offer ERT.
Breakdown of use of ICO Funds:
60% – Development
15% – Operations
15% – Marketing
5% – Legal
5% – Security