FirstBlood Coin – General Info, Best Exchanges and Wallets

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FirstBlood is a decentralized eSports platform built on Ethereum. It allows players to test their skills and to bet on games without being subject to downtime, hacks, traditional money transfers, financial regulations, and middleman corruption and fees. FirstBlood intends to make the eSports industry more transparent and efficient while bringing in a new demographic into the crypto community, thus bringing cryptocurrencies one step closer to mainstream adoption.

The eSports games, tracked on smart contracts and blockchain oracles. People fund the eSports games in a decentralized method with a witness and jury system. Furthermore, the members of the jury are rewarded in FirstBlood tokens to determine game outcomes.

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Features

Blockchain

This is the first competitive eSports company to be powered by blockchain technology. They plan to give the power back to the players while providing the fastest way to deliver hard earned winnings to player wallets.

Autonomous

First Blood’s innovations will allow skill based competition to take place independent of middlemen, such as financial institutions or casinos. Ethereum allows for fast, secure and reliable processing of results and distributions from competitive eSports match plays.

Unlike existing platforms (both skill and game of chance based), all First Blood’s transactions are publicly verifiable, viewable, resistant to counterfeit, and not subject to the risk of institutional processing.

Decentralized

Traditional online businesses with a centralized structure are subject to hacking, strict financial regulations, and onerous overhead costs. P2P decentralization allows skill based competition without reliance on payment processors, reduces regulatory burdens, and protects against organizational corruption such as fraud and embezzlement.

Fully Automated

Each match outcome will be automatically verified by data obtained directly from game servers using a custom oracle. Payouts will be rewarded to the winner based on the data from the gaming server. This will eliminate the risk of fraud reporting that is rampant on similar platforms.

Justice & Protection

Cheating has been an issue in the gaming industry from day one and continues to negatively affect competitive gaming. To combat this risk, FirstBlood will deploy a decentralized adjudication system (Jury Voting Portal or JVP) to deal with in-game disputes. A deposit fee will be required from the player who opens the dispute. This fee will be used pay a randomized jury to adjudicate the claim.

Weekly ladder

The journey to the top is never easy, but we believe it will be worth it! Improve your skills by competing daily and climbing to the top of the weekly ladder. Compete, win, get rewarded.

Tournaments

Join tournaments for a chance to earn rewards. With free tournaments being launched, we challenge you to put your money where your mouse is. Will you end up the champion?

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How it Works

FirstBlood runs on the Ethereum Virtual Machine (EVM) and it is powered by 1ST tokens. When a user opens the FirstBlood Web or Desktop software and bets on a match with 1ST, the tokens are sent to and held by the FirstBlood smart contract system that functions as a decentralized escrow. After the match takes place, Witnesses connect to the game API, analyze the results, and communicate the result to the Smart Contract System. If the result is uncontested, the prize will be sent to the winner and a fee is paid to the witnesses for the service provided. If the result is contested, however, the result will be voted on by a Jury Voting Pool (JVP).

Witnesses are users that are running automated witness nodes. Two witnesses are randomly chosen to analyze the results of each match. The results are published on the blockchain and the witnesses are paid a fee for their service. This process is automated, so witnesses do not need to perform any action while reporting the result of a match, but they need to have a 1st balance and to send a special transaction to the smart contract to signal that they want to participate in the witness pool. The bigger the share of a specific witness in a pool, the higher the chances of that witness being chosen.
The Jury Voting Pool is only called upon when a match result is contested. When this happens, a group of juries is selected from JVP to vote on the match outcome. The Jury must vote manually according to the evidence provided by the players. Once the quorum is met, the prize will be awarded to the selected winner, and Jurys that voted for the final result are rewarded for their service. Juries that vote against the majority may be penalized.

In order to encourage a healthy and competitive environment, FirstBlood will implement ranking and reputation systems like the Global Ranking (leaderboard style), the Match-making Ranking (MMR), and the User Reputation System (URS).

The Global Ranking system allows users to earn a reputation based on achievements and match results. This ranking system encourages competition amongst FirstBlood players. Once a player has reached an high enough ranking, he will be able to become a mentor, and teach less-experienced players in exchange for 1ST tokens.

The Match-making Ranking (MMR) is adjusted after every match, according to the result. It allows users to be paired according to their skills.
The User Reputation System (URS) encourages players to behave honestly and punishes players that don’t. The URS is present in every aspect of the user experience, from initial sign-ups to professional tournament play. The MMR also gives higher matching priority to users with higher reputation scores.

The FirstBlood platform can also host tournaments and a referral program that allows users to be rewarded for inviting active players.

Future Vision

FirstBlood aims to be the preferred global platform for skill based eSports competitors.

The project will initially focus on one gaming community but will expand to include all the major competitive eSports games.

In time, FirstBlood aims to become a leading brand in competitive eSports,
affiliated with P2P gaming as well as influential regional and global tournaments. The team will work with leading game developers to enhance the gaming experience for all users, encouraging higher levels of participation on all parties’ platforms’.

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Team behind FirstBlood

The FirstBlood team includes names like Joe Zhou, co-founder and CEO of Alt-Options, Zack Coburn founder of EtherOptt, a decentralized options exchange built on Ethereum. Joey Krug, core developer at Augur, the decentralized predictions market built on Ethereum, and Mikko Ohtamaa CTO and co-founder of LocalBitcoins, the largest p2p Bitcoin exchange in the world.

FirstBlood (1ST) Token

Overview:
Current coin Value: $0.798071
Market Cap: $68,446,269
Total Supply: 93,468,691 1ST
Circulating Supply: 85,558,371 1ST

Holding the FirstBlood Token can be rewarding. You get fees shared from the platform by voting as a jury or running a witness node. You also get fees shared from inviting your fellow gamers to the platform when they play matches. Finally, you can start your own eSports tournaments and manage your own team to win rewards.

FirstBlood also wants to make 1ST tokens redeemable for goods and services through a partnered network of retailers, Dapps and other participants, thus creating additional demand for 1ST tokens.

$5.5M 1ST token Crowd sale.
The FirstBlood crowd sale capped at $5.5m and the platform’s smart contract stopped accepting new buy-ins. “1ST” tokens transfers are locked for two months and will be essential to the FirstBlood infrastructure. The assets will be used for playing matches, hosting tournaments, witness and jury pools, and rewards claims.

The team says proceeds from the funding round will be used for development costs, the full launch, and maintenance of the platform.

Wallets

MyEtherWallet

Exchanges

Bittrex
Liqui
Hitbtc

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