Firstblood Technologies is set to launch a token crowdsale featuring first ever “Power Hour.”
Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services
FirstBlood Technologies Inc., a U.S.-based firm, is launching a crowdsale of its eSports token “1SŦ” (or “1ST”), featuring the first ever Power Hour purchase period offering buyers a 70 percent discount on the final price change. But even more intriguing is the platform behind the crowdsale, especially for competitive gamers looking to earn more than just bragging rights.
FirstBlood’s platform will be the first decentralized application (dapp), built on top of Ethereum, that will allow eSports enthusiasts to compete in their favorite games through a decentralized, automated platform.
Joey Krug, technical advisor to FirstBlood affirms, “Fun, practical blockchain applications are desperately needed if the space ever hopes to see serious consumer adoption. You can count on one hand the number of teams working on these types of projects: FirstBlood is one of them.”
Marco Cuesta, head of business development at FirstBlood said that the company’s “greatest innovation by far is [its] cross-platform, cross-title, eSports Integrity System.” Cuesta added, “Our Witness Node software automatically verifies game data directly from gaming servers. If any inconsistency or dispute arises the matter is handled by our decentralized Jury Voting Pool.”
The FirstBlood token is the essential part of the FirstBlood ecosystem and economy. The four major utilities available to FirstBlood Token holders are:
(1) Playing matches
(2) Hosting tournaments
(3) Witnessing matches and voting in the jury
(4) Claiming rewards from referrals
At its core, FirstBlood is a peer-to-peer (p2p) gaming platform offering competitors the opportunity to win tokens by challenging each other to skill based games like League of Legends, Counter Strike: Global Offensive, and DOTA 2. The process will be as simple as selecting the game, finding a player and setting the stakes. The rest of the procedure, post-match, will be automated.
Now, aside from in-game benefits, the token’s value also comes from the fact that owning it gives you the right to serve as a witness or juror. These roles help determine winners of eSports matches in a decentralized fashion, and users are rewarded for doing so.
The crowdsale will begin Sept. 26 at 12:00 a.m. UTC (Sept. 25 at 8:00 p.m. EST).
The first hour of the crowdsale will be the Power Hour. During the Power Hour, 1 ether (ETH) will buy 170 1SŦ. After that, the price will change to 150:1, and then decrease every week until it reaches 100:1 in the fourth week.
The crowdsale goal is $5.5 million USD, measured in ETH, at which point the token sale will be over, no matter what stage the sale is in, week one or the final week. As soon as this amount is reached, the smart contract will stop accepting new buy-ins.
At the end of the four week period, token transfers will be locked for two months. The crowdsale’s end-date is Oct. 24.
See firstblood.io/sale/ for more details, and it is also the location of the crowdsale just a week away.
About FirstBlood Technologies, Inc.
FirstBlood is a Boston-based firm consisting of passionate gamers with professional experience in finance, entrepreneurship, and computer science. The project’s mission is to bring blockchain technology and smart contracts to the mainstream by ushering in a new era of eSports 2.0. These innovations will empower competitive gamers by fostering an international ecosystem that is safe, reputable and transparent. Firstblood Technologies is a Delaware C-corporation. Their head office is based in Boston.
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Images courtesy of FirstBlood Technologies, Red Bull.