eByte - Global Decentralised eSports Ecosystem

abhijeetcg (52)in #cryptocurrency • 8 years ago (edited)

Sports is an essential activity of our life. Everybody play sports as a hobby, as a career or just to pass time. Nowadays eSports is growing bigger. People like to play video games to compete against other players. Video games are evolving into a big business which generates millions of dollars annually. Despite the eSport is a large industry generating highest revenue, Only few professional players are well compensated and other players just receive title. Every player need to be compensated correctly for their skills and commitments. Today's eSports teams are lacking with latest equipment's and resources. With no financial resources players not get guaranteed compensation. Talented players switch teams for better opportunities. eByte is here to revolutionize the eSports sector by developing a consortium blockchain. eByte will create first international monetary system for eSports community. In order to maintain trustworthy relationship with participants, teams, leagues, players and service providers equally rewarded through contact system. Through eByte blockchain platform and portals anyone can make donation through cryptocurrencies. Third party developers can develope eSports gaming projects. eByte's platforms and portals are providing complete overview of eSports market to investors and sponsors. Thus development of eSports will happen and eSports will meet sports of physical world.

eSports Market Potential :

The popularity of digital sports is growing exponentially. In 2015 eSports has 120 million regular viewers and 115 occasional viewers. According Newzoo (a market research company in digital gaming) by 2020 digital sports audience will increase to 286 million regular and 303 million occasional viewers. This increase in audience growth will generate huge revenue through ticket sales, sponsorships, merchandise, advertising and media rights. eSports revenue in 2016 was US$493 millions and it is expected to reach US$700 millions by 2017. The eByte is a dynamic project in the growing market.

eByte's Vision :

The main aim and objective of eByte project is to create a decentralised internationally accepted monetary system through which league participants, teams and players get compensated in a simple way. To achieve this goal eByte created a platform and portal to provide complete overview of eSports market to investors and sponsors. eByte platform powered by blockchain technology and smart contracts, an online marketplace where service providers exchange their service with eByte. Through eByte portals eSport enthusiasts can generate funding for their innovative projects. Through eByte's platform third party developers develop their eSport gaming projects. eSport league's can distribute the prize money through eByte smart contracts. Which is transparent and increases the trust in the system.

✓ eSports Challenges & eByte's Solution :
Despite the growing and emerging market, eSports ecosystem has many fundamental challenges.

Challenge - Due to the unavailability of uniform portals, investment decisions are very difficult and complicated.

eByte solution - eByte provide a platform and portal through which investors and sponsors get complete overview of eSports market, market value of teams and leagues. Which helps to take investment decisions.

Challenge - Due to insufficient financial resources teams and players are not compensated correctly. Only high ranking players rewarded for their performance, this leads inhibited growth of eSports industry.

eByte solution - eByte's platform provides online marketplace for eSports. With the use of smart contracts eSport projects get monetized in a secure way. Distribution of participation fee, prize money will takes place through smart contracts in a transparent way.

Challenge - Due to the lack of financial safety despite performing well players feel insecure. Self marketing and sponsor acquisition demand, players get fluctuated and thus team suffers.

eByte solution - In the eByte blockchain platform players get regular compensation via smart contracts. Through player contracts teams can build long term bond with players. eByte blockchain portal provide each player's market value, thus improving the inclusion of investors and sponsors.

Challenge - Fans and sponsors have to use their fiat currency for betting online portals. Thus making no value to the actual content producers.

eByte solution - On eByte blockchain portals fans and sponsors can bet on their favourite team and players with cryptocurrencies. All the betting transactions takes place in a secured way. Thus manufactures of eSports content will make profit.
With eByte platform all community members get rewarded in a transparent way for their precious work in the development of eSports.

Important eByte portals :

eSports betting portal
Idea portal
Gaming portal
eByte clubhouse

Features of eByte platform :

Quick transaction
Secured worldwide payment
Blockchain based Security
GPU efficient
Completely decentralised and transparent
Users can mine on eByte network

eByte uses EBYTE token which is ethereum blockchain powered ERC20 token. Initially 10% of pre mined (4,700,000) tokens will be generated and these are available for token sale. 90% of tokens will be minable. Once the eByte's private blockchain goes live the ERC20 token swapped to main blockchain in the 1:1 ratio.
Buy eByte tokens here : https://www.ebyte.sale/en/

eByte Team :

eByte roadmap :

Conclusion : eByte platform is here to revolutionize the eSports industry. The eSports industry is getting popularity. With blockchain technology and smart contracts eByte platform will compensate every hard working player. Team players only need to focus on their performance. Thus team value increases and eSports industry develops. eByte is an amazing real use case project which will develop exponentially growing eSport market.