Hunt.Bet, not the real one. The public token sale of the team from Siberia is continuing. Two days ago, the ambitious ICO was started. HUNT.BET is a blockchain eSports betting platform for the most popular cyber sports disciplines – League of Legends, Dota 2, Counter-Strike: GO, HearthStone, Overwatch, etc.
[Note: This is a press release.]
HUNT.BET provides news, statistics, tournament broadcasting, communication with eSport amateurs and professionals, gaming devices, lots of promotional activities and much more!
Launched by the young team from Siberia the project is meant to gather the momentum. Since eSports became legitimized in Russia, it raised amounts of investments all over the globe. According to SuperData, the eSports betting business in Russia, which accounts for just 7% of the cyber sports industry in Russia, generates $55.8 million per year and that is expected to grow to as much as $1.5 billion by 2019.
The platform was tested and succeed at the fiat money basis. The point is that this business-model is not sustainable and safety. But ethereum smart contracts help exclude incredibly high transaction commissions and questionable cash flows. It allows reshaping business model into utterly transparent, compared to already existing book-makers. No more fraud, no more payment delays, you can check every transaction on your own.
CEO of the HUNT.BET Project Nikita Fomichev explains:
HUNT.BET offers a new level in the betting field – usage of Ethereum smart contracts. This approach will eliminate the incomprehensible schemes of cash flows and incredible commissions on the withdrawals. There is no more deception, and no delays in payments – each transaction can be tracked.
The token sale runs from August 14 and ends on September 2, 2017. During that time HUNT.BET will be selling 15,000,000 tokens, which can be purchased only with Ethereum. Token prices start at $1 per token and will go up in stages to a final price of $1.50 per token.
Images courtesy of Hunt.Bet