Place/Date: London - August 24th, 2018 at 7:09 pm UTC · 3 min read
Contact: Charles, Source: Bitplay
Presently the blockchain and cryptocurrency industry is still feverously pumping out initial coin offerings (ICOs) tied to solutions and platforms that more often than not, fail within their first year.
In Q1 of 2018, token sales have already generated over $6 billion, and a staggeringly large number of startups from 2017 no longer exist in 2018, which is why BitSport will come out of the gate as a working product before launching an ICO.
The trend of funding a company prior to it having a working product has seen many investors, companies and media outlets begin to shy away from the technology as a whole; overpromise, scams and projects lacking even a prototype are increasing cynicism toward a nascent industry with enough to prove already.
BitPlay has spent the majority of 2018 developing the BitSport beta, the vision is to tap the gaming marketplace that is host to over two billion gamers.
BitSport will introduce the already tech-savvy demographic to a platform where they can bet on their favorite eSports games and tournaments, and furthermore, streamers can utilize the platform to engage with audiences like never before.
All bets are secured through Smart Contract technology, deleting the risk of fraud or transaction failure. BitSport smoothly introduces cryptocurrencies to its users in a safe and streamlined way, removing the need to go through multiple exchanges to obtain tokens.
BitSport will host its own native cryptocurrency named BTP, the tokens already have multiple uses on the platform; furthermore, BitSport has established partnerships to allow for the easy purchasing of BTP which includes both fiat and credit card options.
Millennials and more specifically the gamers are the perfect audience to handle online betting, agreements, and engagements through blockchain and smart contracts.
From day 1, the BitSport platform will play host to the biggest eSports video game titles in the world such as Counter-Strike, Overwatch, PUBG, FIFA, NBA, NFL and Dota 2.
Being one of the few blockchain startups with a product prior to an ICO, BitPlay still has a lot of work to do. The vision is to create a major gaming hub, one where aspiring gamers can train, bet and even earn enough to make a legitimate career from their passion.
BitPlay will also eventually be expanding into the mobile gaming market as time goes on, it would be foolish to ignore one of the fastest growing markets in the world.
Building a solid, working and honest platform for users is a game changer from BitPlay; once the concept of the platform is proven and credibility is secured, only then is it considered fair to begin crowdfunding through an ICO.
The BitSport beta will launch on September 1st, 2018, showcasing the platform will show value to gamers.
Until then, BitPlay is hosting a private sale for interested and accredited investors until August 31st, after which BTP will be available on popular crypto exchanges from the second week of September.
Gamers can head to the BitSport.io website to subscribe early for a chance to participate in the airdrop on the launch date, gamers can use airdropped BTP tokens to make eSports bets on launch day.
Disclaimer Bitplay is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can.