BitSport is a token and a platform that has brought together two behemoth industries through blockchain, aiming to change the way we play our favorite eSports titles forever. Through the protocols given to us by the DeFi ecosystem, we have been able to formulate a way to infuse this technology with eSports where people are making crypto investments, while being provided entertainment at the same time. The eSport industry sat at $1.1b in 2019 and is only expected to grow.
Through opportunities given to us such as Uniswap and Pancake swap in these congested times for gas fees. Along with the growth of decentralized exchanges and various DeFi protocols intertwining, we allow people to put their crypto where their mouth is and go stake it on a game. This will simultaneously create a new eSports environment where the gamer is receiving a share of the market, instead of consistently flowing new capital into the existing predatory gaming models we find currently in the landscape. Sadly this is most commonly found in the biggest of companies with the most aggressive board of directors to appease to, controlling some of the biggest titles.
Well we decided how about instead to bring real value through DeFi and yield farming matches we have developed. These matches along with a range of match models ones we are currently developing. BitSport is also experimenting with new API’s we can bring to the blockchain, along with a documentation library for developers to interact easier with their own games through incentivization, through a small share of the ported fees. We’re developing for the first time a distinctly gamer friendly ecosystem, that allows for users to not only play their games in a casual friendly manner for satoshis, but also spans to the heated season finals with all eyes on them as it’s live streamed through the platform. We also want to remain friendly and approachable for as many developers as possible to integrate with us.
When a user decides to create a DeFi Staking Match their funds are locked into a smart contract, which directly ports the final pool to a liquidity staking platform. The user is able to leave it alone to grow on fees, or withdraw instantly for a small loss. The lines between quality entertainment and serious financial investments will become blurred, as people stake their crypto directly into investment platforms which will be audited for full transparency to the community, and in line with the ethos of the blockchain and cryptocurrency community.
Initially we will be offering pools to be ported directly to uniswap on the ethereum chain, and pancakeswap for starters on the Binance Smart Chain for high yields and affordable fees. This works with a working match model that communicates through a smart contract that is bridged directly to offered titles. This gives a trustless environment where people can responsibly put money on games, and not potentially fall into a spiral off lost funds. Users will always hold their own keys and we will just show them what they have on their wallet through Metamask initially, no KYC or username password combos. Login directly with your wallet, be it digital or hardware from anywhere and start staking crypto.
Borderless interactions and cryptofueled matches will become the norm as people decide they want to try their luck adding extra value to their liquidity staking investments. Meanwhile the losing side doesn’t suffer any serious negative consequences. They can take their money out with a tolerable loss immediately, or let it sit until it appreciates back to its initial value by capturing a share of the fees of the volume of trade of the crypto they are staking.
Users will have complete control over what crypto they wish to stake, and we will offer the most stable high volume coins in the beginning to reduce risk as much as possible for the user. As we gain adoption and our market cap grows we will begin to offer BFI trading pairs. Initially BFI will be used to fuel matches and offer sponsorship models for tournaments. This will offer value to the retail consumer, as well as the potential corporation that may wish to use the platform to drive awareness of their product, business, or even a charitable cause. BFI will be locked in a vault with an NFT key to redeem the funds to be distributed for a Quarterly Tournament. For the redeemer of this key they will be the Official sponsor for the tournament. Providing a new landscape of how our money interacts with how we game.
Bitplay (BTP) will be used to drive the gaming side of the landscape offering incentive to different higher yielding trading pairs, or even potentially offered by a sponsorship that wants to drive a larger volume of liquidity to their trading pair. The sponsor would have an opportunity to award users with BTP that is used to fuel our decentralized in-game marketplace, binding NFT’s to valuable or just plain fun digital items on the online fantasy world that is provided through these titles. BTP will provide a universal currency across the various games a huge percentage of the population love and play habitually. We expect to draw a portion of our audience that are simply attracted to our blockchain backed in-game exclusives. Remember crypto kitties? Imagine custom CS:GO (with current peak players at over 1,000,000) skins, that are backed by a NFT on the blockchain, or a clan logo they own forever backed by the same technology.
While initially we are offering a simple model to be able to go live and present this opportunity as fast as possible, we are also experimenting with ambitious models leveraging AI technology and oracles fueled flash trade chains. Where liquidity pools will be built around a match that is fed to an oracle that looks for a profitable multi token/protocol DeFi interaction chain or strategy to execute all within the space of one block, with our users receiving a variable amount of tokens the oracle is able to produce with the liquid capital it received to begin with.
There will also be a tournament mode with 5 continental zones with community governed match styles and titles. This will give BitSport users the chance to decide on what tournament model will correlate with their interests in a new way, instead of just playing games that are popular to just the first world and wealthy nations, where most eSports entertainment takes place. These regional zones will have quarterly tournaments with grand finals being streamed in a live eSports environment, for a firestorm of a season finale.
BitSport and Bitplay combined with new DeFi protocols and DEX’s, that are disrupting the trading ecosystem as more and more crypto users drop centralized solutions for truly trustless ones, have us looking at a bright future. BitSport aims to dramatically change the way eSports are orchestrated. This approach also gives the rising star a new extremely low barrier entry opportunity to become recognized in the eSports space, as matches all have the ability to be streamed live providing even more entertainment value with our users and also viewers. People in geographies, or lower economic positions that previously had no financial support to give themselves a chance to become a rising star gamer, can now seriously give it a shot while potentially being able to provide a living, or a side income to them in exchange for staking liquidity and providing entertainment.
We have a bright horizon and aim to take two ecosystems by storm at once, we are driven to pump massive liquidity into the decentralized finance ecosystem, to help bring more money to the end user by decentralizing an existing extremely lucrative market. BitSport opens the door to everyone by offering a decentralized solution to the issues found in the gaming, and eSports industry.
Bitsport welcomes you to the next chapter of eSports, come grab the bull by the horns with us. It’s time to level up your portfolio with BitSport.
