Gone are the times when digital gaming was seen as a recreation. With an estimated $159.3 billion spent on games this year by 2.7 billion people all around the world, esports is an ecosystem in itself. Digital gaming is set to grow beyond $200 billion in the next three years.
The backdrop to this is that 2020 has been tough on markets, the whole 12 months ravaged by COVID-19, devastating industries. E-sports, on the other hand, have flourished. Locked up in their homes, people turned towards different ways to pass their time and gaming has been one of them. With little else to do, people are spending more hours than ever online.
Monetizing Games: BitSport
Winning Capture the Flag or a soccer competition on the console is exhilarating, but in the end of no consequence. What if you could play your favorite game and earn from it? How about sponsoring your own tournament? BitSport believes it has the answer.
BitSport is a blockchain powered e-gaming platform that allows people from all over the world to connect and take part in their preferred choice of game and monetize their skills. Using the in-house BTP token, gamers can stake these to create or accept different challenges and tournaments. The BTP are locked in a smart contract at the start of the competition, meaning there is no need for a middleman or escrow service that will take commission. The winnings are distributed in a smart and transparent manner.
But BitSport is more than just about earning from playing games. Enabling not only playing, but tournaments, and other essential elements of the eSports ecosystem – It has made gaming a part of the DeFi revolution by offering earnings from investments made in the shape of sponsoring and backing players:
- Sponsoring Players: Not good at gaming but know someone who is? Sponsor a player, staking stablecoins such as DAI and USDT tokens in the pool to farm BFI.
- Back Events: Users can sponsor tournaments and challenges, allowing for farming of both BFI and BTP tokens. Liquidity and investment for tournaments is one of the key factors in growing the industry.
- Quick Swap: Users can even swap different stablecoins for BFI in an instant, giving users greater access to the ecosystem via interoperability.
BitSport has 4 upcoming tournaments each year, each will be held in a different part of the world. The competitions will be open for players and anyone can take part, whether it be as a player, as a team, or as an investor in a team or an event. The competitions will also be broadcasted live on the internet, giving the world the chance to view in real time how their competitions and players are doing.
BFI, the Gaming Token: Available Now
Running the economics of BitSport is the native BFI token. In order to keep the token value relevant and appreciate over time, there are only 57,000 tokens being minted in total, with 20,000 BFI available during the presale with a 10% discount which is on right via the Bounce Finance app. Following this, BFI will be available for trade via listing on the UniSwap and HotBit crypto exchanges. To claim BFI tokens, make sure to use MetaMask, BinanceWallet, Ledger, Trezor, Coinbase or WalletConnect wallets as these are only supported at the moment.
Become a part of the eSports revolution today and pick up BFI tokens here.