KuCoin is extremely proud to announce yet another great project coming to our trading platform. HEROcoin (PLAY) is now available on KuCoin. Supported trading pairs including PLAY/BTC, PLAY/ETH.
Please take note of the following schedule:
PLAY deposits and withdraws: 18:00 Feb 23, 2018 (UTC+8)
PLAY trading: 22:00 Feb 23，2018 (UTC+8)
HEROcoin (PLAY) Introduction
HERO radically changes today’s centralized way of online betting. The token enables you to join or create games on the ethereum blockchain. The design of HERO enforces active and passive income streams for all participants in the ecosystem. This transparent and decentralized way of betting breaks the traditional “the house always wins” paradigm.
Esports is a rapidly growing field, with an estimated 250 million viewers in 2016. This already makes it more popular in the US than ice hockey, and it is set to overtake the total fan base of the NFL later this year. Global revenue surpassed USD 500 million in 2016 and is expected to surpass USD 1 billion next year. With average annual revenue per fan of just over 3 dollars, there is still plenty of scope to grow. The estimated revenue number per fan of the NBA is 20 dollars, and of the NFL it’s over 60 dollars. One of the main avenues of growth will come from expanding gambling to the market.
The global online gambling industry turns over hundreds of billions of dollars each year. The amount wagered on esports is predicted to grow from around USD 600 million in 2016 to between 10 and 20 billion dollars in 2020. Despite its size, the online gambling market is still plagued by problems like uncompetitive odds from bookmakers and default on payouts from unscrupulous companies. Hero aims to solve these problems with the introduction of the Hero Network. This will allow users to start their own secure pools around any betting event they choose, and the network protocol will manage and secure all transactions. Aside from providing all participants will full transparency of the betting event, and assuring that all bets will be paid out in full, this also keeps transaction costs to a minimum.
Risk Warning: The cryptocurrency investment is a venture capital deal, it has 7 x 24 hours trading business model with no market close time.Please pay more attention to risky investment.KuCoin holds a strict system of censorship about all tokens deal, but we never take any liability for the investment behavior. – KuCoin Team
Images courtesy of KuCoin
The content of this article was provided by the company referenced. Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.Show comments