eSports Platform EloPlay to Hold a Token Sale

Blockchain Expo London 2019
Blockchain Partners

eSports platform Eloplay will hold a token sale of its ELT tokens that enable the platform’s Smart Tournaments model, which allows players to organize decentralized prize pools. This makes eSports more accessible to future professional cyberathletes.

Notably, EloPlay has been active for two years, and already has 90,000 registered users. It was founded back in 2015 as a one-on-one gaming platform. Since then, 3,500 tournaments and 80,000 battles have been held in such disciplines as League of Legends (LoL), Dota 2, Hearthstone, and Counter-Strike: Global Offensive (CS:GO).

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The platform is also focused on brands and organizations that could hold sponsored tournaments. Advertisers will also find it appealing as the eSports audience accounts for 400 million people in 2017 alone.

Earlier, the platform partnered with Bancor, Wings and AdEx Network.

The project will issue 480 million tokens with the maximum cap of the campaign being $12 million. 1 ETH will buy one 10,000 ELT tokens: they will be issued once ETH makes it to the smart contract. Thus, contributors will receive their tokens immediately upon the purchase, and won’t have to wait until the token sale is over.

The campaign will kick off October 16th, 2017 at 12:00 am UTC. For those who make their purchase during the first hour of the campaign, a 20% bonus is available. It will then decrease as follows: 15% for the rest of the campaign’s first day; 10% for the first week; and 5% for the second week. After that, no bonuses will be available.

The funds will be allocated as follows: 15% for administrative expenses (procurement of equipment, office rent etc.); 20% for the platform’s technical provision (servers, software, etc.) and legal expenses; 25% for prize pools; and the remaining 40% will be used for marketing and promotion purposes.

ELT tokens will be available at the project’s website. The campaign will end on November 15th, 2017 at 12:00 am UTC, or when the maximum cap is reached, whichever occurs earlier.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST
2015), a partner at ICO services collective Token.Agency
($750m+ and 90+ ICOs and STOs), director of education company
Blockchain Partners
(Oracle Partner) and ICO event organiser
at leading industry event CryptoFinancing (Europe's first ICO event now
branded Tokenomicon)
– Vancouver native Richard Kastelein is an award-winning publisher,
innovation executive and entrepreneur. He sits on the advisory boards
of some two dozen Blockchain startups and has written over 1500
articles on Blockchain technology and startups at Blockchain News and
has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.  Irish Tech News put him in the top
10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of
at China's first Blockchain University in Nanchang
at the Jiangxi Ahead Institute of Software and Technology. In 2018 he
was invited to and attended University of Oxford's Saïd Business School
for Business Automation 4.0 programme. Chevalier (Knight) - Ordre des
Arts et des Technologies at Crypto Chain University and an Advisory
Board Member of International Decentralized Association Of
Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member
at U.S. Blockchain Association. Over a half a decade experience judging
and rewarding some 1000+ innovation projects as an EU expert for the
European Commission's SME Instrument programme as a startup assessor
and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain
technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels,
Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki,
London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San
Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel
Aviv,  Utrecht, Venice,  Visakhapatnam, Zwolle and
Zurich.  His network is global and extensive.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has
ranged from the Canadian Native Press (Arctic) to the Caribbean
& Europe. He's written occasionally for Harvard Business
Review, Wired, Venturebeat, The Guardian and, and his work
and ideas have been translated into Dutch, Greek, Polish, German and
French. A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein's professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he's travelled for nearly 30 years as a Canadian
expatriate living around the world. In his 20s, he sailed around the
world on small yachts and wrote a series of travel articles called,
"The Hitchhiker's Guide to the Seas' travelling by hitching rides on
yachts (1989) in major travel and yachting publications. He currently
lives in Groningen, Netherlands where he's raising three teenage
daughters with his wife and sailing partner, Wieke Beenen.

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