ARENA MATCH GOLD: A DECENTRALIZED ESPORTS UTILITY TOKEN
INTRODUCTION
Arena match is a potential esports gaming app that allows individuals to bet and compete in various gaming modes. The modes include categories like skill challenges, daily high score leaderboards, head to head, team vs team and battle royal FFA matches for popular online games. It utilizes the Arena Match Gold (AMG) as the cryptocurrency token for the skill-based betting that takes place in the App. The objective is to build a successful esports platform with several player modes to satisfy diverse user interests. The platform also aims to make AMG a standard token for esports and the gaming world in general. With close to 370 million users, an arena match is gradually taking the center stage in esports.
ARENA
The Arena Match Gold is a utility token that creates a decentralized, user-driven economy. With a 100 million limit, the deflationary token would stabilize and control the participation of users in the skill-based games. The platform provides a payment channel to purchase credit for the skill betting. This payment system is likely to be upgraded to support the decentralized Ethereum based utility token (AMG). This upgrade would greatly attract better usage while eliminating traditional fees, delays and limitations. Each time, the Arena Match Gold is transferred, 0.5% is burned to reduce the circulating supply. It stabilizes at the 16th decimal place and stops burning, ensuring that the token doesn’t run out of supply. Arena Match boasts of multiple sources of revenues while still keeping users’ payout fair and compelling. These sources include skill challenges, high score tournaments, head to head, battle royal free for all and Playwire ads. The platform already has a lineup of games like Apex legends, PUBG, Fortnite, etc. to be featured on it.
REVIEW
The customer base of the gaming platform is predominated by users’ within the ages of 20years and 30years. The enjoyable user experience ensures their regular play and participation. Users are fascinated by playing with other gamers online. Some keep a keen interest in ranked matches which influences their ranks. Arena match utilizes several marketing strategies to promote its gaming and skill-betting services. The App is built on the Overwolf ecosystem with over 10 million users. It is also promoted through social media Social influencers are also contracted to promote and use Arena Match while streaming. A series of promotional events are organized for users daily and weekly. It is important to note that the skill-based competitions offered by this platform are not gambling. This is because the match outcomes are not determined by the player's skill or ability not chance.
PROBLEM
LIMITED OPPORTUNITIES: The events that currently allow for betting are few and only Pros are allowed. Ordinary users can only bet on the outcome of the matches but cannot participate.
MATCHMAKING LIQUIDITY: For efficient matchmaking of players, a large user base is required. These users also have to be available concurrently. In some other esports platform, users often get frustrated while waiting for a fellow player to connect with.
TOKEN VELOCITY PROBLEM: Token velocity is the speed at which tokens circulate their native platforms and ecosystems. If the velocity is too high and speculation remains constant, assets will struggle to maintain longlasting stability. This is part of the reasons why over 1000 token projects have failed despite the huge amounts been invested into it.
SOLUTIONS
DIVERSE GAMING MODES: A major solution to the inadequate number of users is the provision of several modes to the user's gaming experience. It might be ranked play, challenge competition or even head to head matchup. This ensures that a user finds an appealing mode from several options.
SOLO EXPERIENCES: In other platforms, when no other players are available, the user gets to wait a long time. These users often get frustrated when there are no players available. Arena Match solves this problem with the introduction of “solo” experiences. This solo experience includes skill challenges and reoccurring high score tournaments to keep the users entertained while waiting.
CONCLUSION
With technology partners like Overwolf, Playwire, Gameye, and Enjin, the impressive prospect of Arena Match is without a doubt. The adoption of Enjin’s blockchain is implemented to place the Arena Match Gold at the forefront of cryptocurrency token in esports. The positive attributes of the platform would result in increased revenues and returns which are distributed with effective allocation formula. The system takes every precaution to ensure compliance with all the applicable laws.