The eSports industry is reported to be worth $1.5 billion in 2017 and could be worth $2.4 billion by 2020, it is a huge market. Big money translates to big potential for a cryptocurrency entrepreneur. The sector is ripe for blockchain-based solutions that can guarantee every transaction and could bring a large reduction in transfer times and fees while affording a more transparent economy. Besides, this technology can help do away with issues of foul play during tournaments and cheating when betting.
A blockchain-based eSports gambling platform, Asura World, is a new, so-called self-sustainable, eSports ecosystem. The Asura team focuses on four areas – eSports betting (cryptocurrency betting), professional guides (interaction with the professional players), live streaming (live tournaments), and community matchmaking and tournament hosting (create teams and host your own matches).
The team decided to use the NEO blockchain to remove the middle man and make Asura a trustworthy and tamper-proof platform. Withdrawals will be fast, assets won’t be withheld from their rightful owners, and users will be assured in safety of their funds.
The platform will be initially focusing on four major games: Counter-Strike: Global Operations, Dota 2, King of Glory, and League of legends.
The team has launched a demo version (Asura World Alpha). In Q2 2018, they hope to start hosting professional guiding sessions. In Q3 2018, they plan to launch a forum, community center, and voting system. A Beta version of the platform is expected to go live in Q4 2018.
Asura will use ASA tokens (NEP-5) as their official currency. It is going to be used as the main mode of payment, for stakes and bets, and as an incentive to share quality content, make forum contributions, and be a professional guide.
Crowdsale will go live on May 21 and will run through June 15. Interested investors can apply here.
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