Decentralized eSports Platform EloPlay Launches Its Token Sale Today
| Updatedby Andy Watson · 2 min read
Eloplay, a blockchain-based eSports platfrom, that is assigned for organizing tournaments with decentralized prize pools, started its token sale.
October 16th, 2017 has become the day of the EloPlay’s Token Sale start. The campaign will be finalized on November 15th, 2017 at 12:00 am UTC, or on the day when the maximum cap is reached. ELT tokens will be purchased at EloPlay’s official website.
The intended purpose of ELT tokens is to create decentralized prize pools, which allows players to carry out Smart Tournaments. The tokens can be transferred and traded at secondary markets. The platform main focus covers brands and companies which are entitled to hold tournaments and apply ELT tokens for their prize pools.
Vitaly Balakhonov, CEO of Eloplay states: “In these tournaments, prize pools are funded by players or tournament organizers. Funds are gathered in EloPlay Tokens and the Smart Tournaments can be either player-organized or sponsored.”
EloPlay has been functioning for two years. During this period around 80,000 battles have been organized with 90,000 registered users as the participants. Having started as a point-to-point battle platform, it has managed to become the one which suggest team competitions in the following eSports disciplines: League of Legends (LoL), Dota 2, Hearthstone, and Counter-Strike: Global Offensive (CS:GO).
For the period of its existence this platform has already obtained the partners such as Bancor, an Ethereum-based decentralized exchange for ERC20 tokens; AdEx Networ, a decentralized advertising exchange, and Wings, a platform for decentralized autonomous organization.
480 million tokens with the maximum cap of the campaign being $12 million will be issued. 1 ETH will buy one 10,000 ELT tokens: they will be issued once ETH makes it to the smart contract. Thus, donators will get their tokens immediately upon the purchase. It keeps them away the necessity to wait for the sale finish.
A 20% discount will be provided for those who makes a purchase for the first hour of the campaign. Further the discount value will decrease in the following manner: to 15% for the rest of the day, then to 10% until the end of the first campaign week, and then to 5% for the second week of the campaign. After that, there will be no bonuses.
The funds will be distributed in the way to cover administrative expenses (15%), expenses related to the platform’s technical provision and legal expenses (20%), prize pools (25%), and cost of the marketing events (40%).
It’s the very moment to join the campaign to get a weight discount! Don’t miss the opportunities provided.
