Former PokerStars Duo Launch Esports Betting Platform

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Lars Lien and Mike Stevens who are both former PokerStars ambassadors recently joined forces to launch a crypto-based Esports betting platform. The platform which is due to go live any time this year is going to be a Bitcoin-based startup where punters will be allowed to wager on professional Esports events. Furthermore, the platform that has been dubbed, will allow users to make deposits using both in-game items and various cryptocurrencies, something that both Lien and Stevens believe will go a long way in opening up markets that are currently experiencing restrictions as far as payment services are concerned.

While a global roll-out is the ultimate goal of this endeavor, Lien and Stevens are hoping to obtain a license in the Isle of Man for the platform before they begin preparing to extend to other parts of the world. Soon, will be launching an Initial Coin Offering (ICO) and the platform is already being aggressively marketed in various parts of the world including Africa. As of now, the two have raised 483.5 Bitcoin form strategic contributors and the ICO they are planning is intended to generate the remaining finances that they require to launch.

The Initial Coin Offering will revolve around the sale of a utility token that will be used on and also traded by accredited investors to hold a ‘profit share’ token that will entitle the holder to about 20% of the company’s annual net income. will be issuing two tokens to its users once it goes live. The first is LuckCash which is a utility token for the platform and the second is LuckProfits which, like we mentioned earlier, gives the holder contractual rights to a share of the company’s net profits.

Lien and Stevens are among many other entrepreneurs who have seen the huge potential in emerging markets such as Esports. There is generally a whole lot to look forward to in this regard, that is, the development of smart contracts will lower transaction costs, and dispel the dependency on traditional bank accounts.

Josh Andrews

Author: Josh Andrews

As an avid follower of the crypto world from the beginning since early 2010, Josh has experienced and covered every drop, turn and rise of Bitcoin from the first halving to the countless attempts of regulation. Over the years Josh has developed a keen interest in the different applications and uses of Bitcoin and its current movement within the gambling industry. It's safe to say very few can match Josh's passion for the growth and development of Bitcoin.

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