CoreStarter New IDO: Crypto League Gaming
CoreStarters next IDO is none other than eSports platform Crypto League Gaming (CLG)! With p2e titles appearing every other day the main challenge is bridging non-crypto gamers across to the blockchain world. Even those who make the leap can be slightly underwhelmed by the gameplay that is currently on offer compared to the games they spend hours playing.
This is where CLG steps in and introduces your favourite titles to the blockchain world, and allows you to play and compete in tournaments to win prizes! The prizes that you win are chests, each containing either the native token $CLG OR an exclusive and futuristic NFT related to the game which you are playing.
What is Crypto League Gaming?
CLG is a Blockchain backed eSports portal that will allow individual players and teams to earn rewards in the form of CLG Treasure Chest while competing in their favorite games. The portal includes a smart contract system for leagues, teams, and players, to ensure all participants and service providers can be rewarded for their achievements in a safe and simple manner.
How do the tournaments work, and what is the utility of $CLG?
The first thing you need to know is the utility of $CLG. To access tournaments you will need to be staking $CLG as this is your entry ticket, BUT will also earn you APR at the same time. You will also be able to support your favourite teams and players through donations, why do this? There will be a social networking space for gamers that will enhance fan interaction and experiences. Once your tokens are staked you will be able to access either a 1v1 or 5v5 genre tournament. The winner of this takes home the Chest which will contain $CLG or exclusive NFTs! Competitions will happen on a daily, weekly, and monthly basis.
Current games supported
Fortnite
If you haven’t heard of Fortnite you have been living under a rock. Fortnite has over 350 million users worldwide with over 80 million monthly players. Fortnite generated over $5.4 billion of revenue in 2020.
League of Legends
League of Legends is the largest multiplayer online battle arena game (MOBA). Currently there are over 125 million monthly players, with up to 11 million playing on any one day. In 2020 they produced over $1.75 Billion in revenue.
Dota 2
Dota 2 is the most advanced (MOBA) game currently on the market. They range between 450–720k players per day. Revenue last reported in 2017 was over $450 million
CS:GO
Counter-strike: Global offensive is an addictive multi-player first person shooter that has up to 750k players per day. Last reported revenue in 2017 was over $350 Million.
The eSports market
ESports, competitive video gaming watched by spectators, is huge. It is not only a sport, but it is also the most popular — and profitable — form of entertainment today. An optimistic estimate places global revenues for eSports at 1,617 million dollars by 2024. This means eSports could outperform the UEFA Champions League in terms of annual gross revenue.
Esports provides a host of investment opportunities as well, including professional teams and leagues, real estate, media production/exhibition, technology infrastructure and a host of other avenues.
The popularity of eSports has risen among millennials, extending to national and international levels. All sorts of players are fighting for a spot in this area, from the novice to the seasoned
It goes without saying that the opportunity in the eSports space is uncharted and this sector will experience incredible growth. Make sure you head to their website and follow their twitter for all updates and to keep up with the latest NFT drops and games they are adding to their tournament list!
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