Global digital asset trading platform LBank Exchange listed Battle Esports Coin (BES) on January 20th. BES token fulfills several purposes within the esports gambling ecosystem. It serves as in-game currency and has exchange value inside the Libes esports betting platform. Players can purchase BES tokens and place bets on esports games as well as enjoy additional benefits from staking, tournament attendance, and engagement with influencers. Implementing a decentralized organization and reward mechanism, BES tokens can be earned by users for engagement and contribution within the ecosystem including the creation of NFTs, purchase of goods, and gambling on tournaments.
BES is an ERC-20 token with a fixed initial issuance amount. Therefore, the distribution volume is limited, and the design value can be easily increased by creating demand. The total supply of BES is 100 billion tokens. 40% of it is provided for the ecosystem, 17% is allocated for marketing, 15% is used for pre-sale/IEO, another 15% is provided for leadership, 6% is for initial liquidity offering, 5% is for sponsorships, and the final 2% is allocated to strategic advisor. BES is also prepared for staking on multiple DeFi platforms and can be rewarded.
Libes is a platform built to create new economies in the esports market. Within the Libes esports platform, users can bet on the tournament matches, give social tippings directly to players, and purchase players’ original NFTs and service NFTs. Players will be able to receive revenue from these features, which will allow them to perform in a completely different way from their previous economic activities.
As Libes’ governance token, BES is created for use on the Libes esports platform and serves as the platform’s voting rights. By decentralizing rights, Libes aims to become a self-sustaining decentralized organization made up of players and users.
(All information was provided by Yahoo! Finance)
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