Eloplay introduces Smart Tournaments with decentralized prize organized by individual players, organizations or brands. These tournaments work on Ethereum smart contracts. Eloplay is community-driven startup. Most ongoing tournaments are organized in cooperation with enthusiastic esports organizations of post-Soviet countries. That keeps the Eloplay team connected with the audience. And they’re determined to keep on that approach in the future when it comes to work with global esports organizations.
Smart Tournaments are a blockchain-based ecosystem that brings automation to conducting an esports event. For players, it’s a completely new opportunity to self-organize, launch tournaments and establish collective prize pools. For brands, the tournaments offer a direct access to the esports audience. It might take the form of a brand-led tournament, or just ad placement at the platform.
The Eloplay Token
The main accounting unit at the platform is the cryptographic Token Eloplay (ELT). It can
act both as a tool for encouraging activities at the platform and as an access Token for
certain Eloplay modules. Eloplay Token (ELT) is an ERC20 standard Token on the Ethereum platform. It is compatible with wallets, stocks, and is a transferable active. ELT allows its holders to:
Organize and participate Smart Tournaments;
Advertise on Eloplay;
Purchase game inventory and other virtual goods at the Eloplay Store.
Eloplay Token (ELT) will be implemented on the platform within 3 months after the Token Sale ends. At the moment, the main accounting unit and reward for the players is the virtual points called Elocoins. Elocoins are centralized and have a fixed exchange rate (1 Elocoin = $0,01). Elocoin is used for payment purposes and for rewarding tournament winners. It was implemented as method of work with fiat money. The advantage of Elocoin is that it is easy to integrate with the platform, and allows one to work with classic payment systems (Visa, Masterdard, Webmoney, Payeer, Yandex Money, Qiwi). Elocoins can also be purchased with Bitcoin.
Eloplay proposes Smart Tournaments as a solution to the challenges faced by esports today. Smart Tournaments are esports skill competitions with decentralized prize pools. In these tournaments prize pools are funded by players or tournament organizers. Funds are gathered in Eloplay Tokens. In technical terms, Eloplay’s smart tournaments are an automatic software platform tracking and managing battles that make up a tournament. Its prime purpose is to determine winners in group competitions and distribute decentralized prize funds among them. The system completely excludes the human factor from the process and therefore makes biased judgements impossible. At the same time, Eloplay will feature tournament moderators who perform various administrative operations like ensuring teams are in place before the battle, but never influence the results.
Eloplay Stream Section
Current Eloplay tournaments are streamed to their Twitch channel. They have a streaming team and they also collaborate with streaming studios. Over time, a commentary booth will be launched with professional commentators and analysts. That will improve the quality of the streams and allow one to analyze competitions in detail.
Eloplay as a platform features tournament pages, streams directory, store etc. These pages will also host sponsored banners so that advertisers could offer their products and services to the audience. It will require creation of an Advertising Module where advertisers could set their banners. All ads will be paid for with Eloplay Tokens.
Implementation of smart contracts on Eloplay is primarily focused on providing players with a completely new opportunity of independent formation of prize pools. Those tournaments will ensure high degree of players’ involvement in the project and sports events by making them independent of third parties. Everyone will be able to organize or take part in a tournament to win a great prize. For those who want to become cyber athletes, fame is just as important as prizes. Eloplay will enable such people to make a name on a global scale by organizing high-quality broadcasting of the events. This would further motivate them to hold smart tournaments. As the prize pools get bigger, the audience size will follow in their wake. This will ensure mutually beneficial development of the entire ecosystem.
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