FirstBlood

FirstBlood

Created using Figma
Created using Figma
FirstBlood is a blockchain based eSports platform that allows players to directly challenge each other to matches and win rewards.
Risk: High
Sep 24, 2016
Sep 25, 2016
100% completed
$5 500 000
18.8 K
100% goal completed
past
Token Details
Ticker
1ST
Company Details
Registered Country
USA
Additional Details
Categories
Platform, Cryptocurrency

About FirstBlood

First Blood is a platform that lets eSports players challenge each other to competitive games and win rewards–that is, players puts up a stake of in-platform tokens, similar to a wager. The system is made possible by smart contracts and decentralized Oracles on the Ethereum blockchain.
First Blood is not quite a betting platform: people don’t bet on the results of other people’s matches. Presumably, this runs afoul of sports betting laws, which vary by country but at in the United States restrict sports (and esports) gambling to four states. This makes First Blood different from Unikrn and Pinnacle Sports, in which people bet on the outcomes of other people’s games.

Instead, players put up a stake on their own performance–essentially challenging other players for money. Initially, they will stake in 1SŦ tokens through smart contracts that serve as escrow, but in the future, First Blood plans to include other cryptocurrencies. They can also play without staking (although some tokens will be needed to play in the first place).

First Blood uses two functions to combat prevalent problems in sports betting: match fixing and fraud. First, some players can serve as Witness nodes, who verify the results of a match, although they don’t need to actually watch the game, just run witness software that automatically gathers results. Witnesses for a particular match are chosen at random from a pool of possible witnesses, with the chances of selection based on how much 1SŦ s/he has allocated to a special pool (Jury Verification Pool). The system is reminiscent of delegated proof-of-stake consensus. A jury system will adjudicate if there are any disputes in results and ultimately would require human intervention.

The rewards for serving as witness nodes or on a jury will vary based on demand, similar to surge pricing in ride-sharing services like Uber and Lyft.

Activity

Activity:
85
LOW
Posts:
1 252
VERY HIGH
Views:
108 450
VERY HIGH
Posts:
1 199
VERY HIGH
Followers:
32 150
VERY HIGH
Likes:
31 889
VERY HIGH
Followers:
29 312
VERY HIGH
Tweets:
2 974
VERY HIGH
Alexa
Rank:
238 167
HIGH
Delta:
-155 047

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Co-founder and Head of Business Development at Fir...
unverified

Last News

$ 0.0757
0.79%
Coin Stats
Daily, %:
0.79%
Weekly, %:
-6.93%
Monthly, %:
22.34%
Market Info
Market Cap:
$ 6.480 M
Volume 24h:
$ 952.224 K
Circ. Supply:
85.558 M 1ST
Ticker:
1ST
3.04
risky+
5.0 3
ICO Profile Vision Activity Potential Product Team
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.
Planning an ICO? We can help with a wide range of support for all stages of your ICO