|Industry:||Gambling / Gaming Platform|
|ICO Timeframe:||11/13/17 – 12/20/17|
|Token Supply:||100,000,000 ESC (70% ICO)|
Ethersport is a worldwide platform where people can place bets on sporting events. The lottery mechanism is done through Ethereum contracts which will guarantee fair and transparent results, avoiding risk and corruption. EtherSport promotes advantages such as security, simple user registration process, anonymity, the open and clear process of all currency transactions and prompt prize payout without hidden fees. The first “game” EtherSport will develop is called Lottery 11; a line of eleven unrelated sporting events, where users need to choose victory of either team or tie for each competition. EtherSport will also act as a P2P betting exchange with one-on-one and one-against-all stakes. Lottery 11 is scheduled to launch in late Q1 2018, followed by the P2P betting platform in Q2 2018. Essentially, EtherSport looks to marry traditional online betting with the safety and security of blockchain technology. Ethersportcoin can be used earn proceeds (15%) of lottery ticket sales for Lottery 11 as well as a speculative commodity to trade on cryptocurrency exchanges.
PROS: Will benefit from the large amount of online gambling that takes place, secures bets with no means of manipulation, nearly instant payouts, little to no fees, avoidance of government intervention
CONS: $30 million hard-cap for the ICO seems excessive, London address for the business is not consistent with the largely Russian management team, management team has extensive bookmaking experience but lacks the relevant tech and specifically blockchain credentials to make this a successful project