Review on FirstBlood by Fanuel PORPORTY

Name: FirstBlood
Item: FirstBlood
Rating: 5

February 08, 2020

The decentralized e-sports platform based on a blockchain

FirstBlood is a Boston-based company with a worldwide team focused on delivering a disruptive new product to the esports environment. FirstBlood is a decentralized e-sport application, based on the Ethereum blockchain. The latter allows you to participate in 1v1 and team against team competitions in online games like League of Legends, Dota 2 and CounterStrike: Global Offensive. the main function of this platform is that it offers the opportunity for players to now be able to test their skills but also to be able to make different bets on these games.

When bets are made, his chips are then transmitted to the smart contract system. This works to be a decentralized escrow depot. Once the match is over, we can then connect to the game API and watch the different results achieved. The operation here is that it will be passed to the smart contract systems. The prizes are then given to the winners only if they are not contested, in which case there will then be a vote of a jury.

The 1SŦ token is involved at all levels of the ecosystem. It can be acquired through the FirstBlood app, a transfer from another player, playing competitive games, taking on the role of jury, or by affiliating other people. It can obviously be bought on trading platforms. FirstBlood has a current supply of 93,468,691, of which 85,558,370.5 are in circulation. It is currently traded on 7 active market (s) with $ 59,265.58 traded in the past 24 hours.
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Pros

This platform has a high level of security. Indeed it allows you to protect yourself from piracy as well as a large number of frauds of all kinds. It is a decentralized application also called Dapp allowing to make bets on e-sport.
First blood brings great transparency to its e-sports platform
FirstBlood uses a decentralized arbitration system (Jury Voting Portal or JVP) to deal with cheats and disputes during the game, deposit fees are required in order to pay a random jury to judge the claim.
FirstBlood offers global ranking, dynamic matchmaking ranking (MMR), reputations and achievement badges (on GUI), which add an element of gamification on the platform.

Cons