FAQ

ICO:

  • What address should I send funds to? (to avoid fraud)
    • Our ETH address is 0x723AAF922709819c25344B81901dd8A9c84c0b89. Please only send ETH to this address. For payments in BTC, you would have to provide your own ETH Wallet address first, post which we would be generating a unique BTC address for you. Once you send your investment in BTC, the investment would be exchanged to ETH on-the-fly and tokens would be credited to your ETH wallet accordingly. Beware of fraudsters!
  • How long is the main ICO period?
    • The main ICO period is from 1st of November 2017 CET 1 pm until 30th of November 2017 CET 1 pm.
  • What currencies are accepted during the ICO?
    • We will accept ETH and BTC during the ICO main sale.
  • Can US people take part in the ICO?
    • US residents will be geo blocked from the ICO.
  • What is the max amount of tokens that will be sold in the ICO?
    • 24.000.000 ERT
  • What wallet can I use for buying tokens during the ICO?
    • We suggest one of the following: MyEtherWallet, Parity, Mist, MetaMask, Jaxx. Apart from these, you can use any wallet you hold private keys to. Just remember not to use an exchange wallet.
  • How much gas should I use when buying tokens?
    • You need to use 200000 GAS while buying tokens. It is the minimum for the transaction to be executed.

ERT Token:

  • Is the token ERC20?
    • Yes.
  • What is the total supply of tokens?
    • The total supply of Tokens is 60.000.000 ERT from which 24.000.000 (40%) are being sold during the ICO
  • What happens to tokens that are not sold?
    • These tokens stay with the company cold storage.
  • How many tokens can be generated for creating content on the portal?
    • We keep 12.000.000 ERT in the company cold storage. We will not create any more ever.
  • Will any tokens be burned?
    • No tokens will be burned.
  • What can the ERT token be used for?
    • ERT has a ton of different users but a few main functions:
      • ERT are the main currency on our community platform. Every T-Shirt you buy, every coaching lesson you book or every bet you place is done through ERT.
      • ERT is also our reward currency, that means for spending on our platform, you earn ERT back to your account.
      • ERT can also be earned by contributing content to our platform. Once you uploaded e.g. a guide and it is viewed or liked a lot, we will reward you with ERT for making our community great.
      • In addition to that ERT token holders will have the opportunity to participate in raffles. We will release more info on that after discussing with our lawyers.
      • ERT tokens will allow you to access special features and exclusive content, only available through ERT.
    • It is important to say, that we are in discussions with several exchanges to allow you trade ERT on their site and that we also buy tokens back at current market value. Additionally we already have signed a contract with C-Cex to be listed from the middle of December 2017.
      • We pay users for contributing content - this means, we create a steady need for ERT. We will buy ERT back from token holders, that offer it on exchanges to pay out ERT to our contributing users for creating content or spending money with us.
  • Does ERT have its own blockchain?
    • ERT is an ERC20 Token released on the ETH main net.
  • Will rewarding content with ERT dilute the supply and make the price go down?
    • No, exactly the opposite will happen. Since we have a limited amount of ERT tokens and there will never be more than 60.000.000 ERT in total, we have to start buying back after a while - this means… for every community interaction we will spend money to buy ERT back after our company funds allocated to content production are running out.
  • Will ERT holders receive dividends?
    • ERT holders do not receive dividends.
  • What exchanges will you be listed at?
    • We are currently in discussions with a few exchanges and will announce as soon as we are confirmed to go live. Additionally we already have signed a contract with C-Cex to be listed from the middle of December 2017.
  • Will the token be integrated into any games?
    • We don’t have any partnerships signed for now, but it may very well be, that at some point in time ERT will be integrated in partner websites as payment method as well as in some games.
  • How do you determine the value of one coin for your system?
    • We will integrate via API with one of the big exchanges and always use the real value of the ERT at that time.
  • I can’t find my tokens, please help?
    • To display the tokens in your wallet, please add a custom ERC20 token with the following information:
    • Token address - 0xe29c5b523590165795bbd7d52369c2895b18841f
    • Symbol - ERT
    • Token decimals - 18

Company:

  • Do you have a bounty program?
  • Where are you incorporated?
    • We are incorporated at Malta. This has two main reasons: First, Malta is a very friendly country towards cryptocurrency and second, Malta has a very good gambling authority, which already understands betting on eSports. Also Malta tries to become one of the eSports hubs in Europe.
  • What kind of license does the sportsbook have?
    • As of now we are using a Maltese Gambling License, Issued by the Maltese Gaming Authorities. We are planning on being able to provide more licenses in the future, to be able to offer betting on eSports in more countries.
  • Will the sportsbook take bitcoin?
    • Due to regulations at this moment we won't accept crypto currencies for gambling, but this might change once the authorities allow it. Standing wagers, will however be in FIAT to protect us and our customers from the volatility of crypto currencies at the moment.
  • Will the sportsbook have sports besides eSports?
    • We will most likely at some point in time offer a regular sportsbook as well.
  • Where can I find a roadmap for the project?
    • Please check the official Whitepaper, it contains our roadmap.
  • At what eSports events are you going to be at?
    • We will try to cover as many events as possible. All the major events for League of Legends, Counter Strike: Global Offensive, Overwatch and Defense of the Ancients 2 will for sure be on our plan.
  • Are you looking for any developers?
    • Yes, we would be happy to hire from the community. We will post open positions on our website soon, but please feel free to connect with us on Discord.
  • Do you need any translations?
  • How does the company make money?
    • Our company has several revenue streams, please check the Whitepaper for detailed information.
    • In short, we have three verticals - education, entertainment and statistics, which have a few different business models attached:
      • A shop for gamer hardware or eSports related merchandise.
      • We will offer you a wide range of coaches to book a coaching lesson - and we take a percentage of the fee for the coach.
      • Also we will have an option to bet on pro teams with fixed odds betting for our fans who are 18+ and live in a country, where we legally can offer sports betting.
      • After a while we will introduce different membership levels (premium subscriptions), which allow you to access exclusive contents or special perks.
      • For the first year we will not have any ads on the platform, but we might have sponsorships in content creation (native advertising) as well as product placements within our content.
    • All of this will be not alienating for our users, since our main goal is to build an awesome product for our community, which only works, if we make sure everybody feels happy and the product is easy and convenient to use.
  • Who is on the team?
  • Do you have a github?
  • What are the operation costs of the eSports academy in Berlin?
    • We have a rough business plan, but it will very much depend on the location, team success and many other factors. We are confident to provide further information, once we get closer to the 20 Million € target to reach the academy as a stretch goal of our contribution campaign.

Other:

  • How much should I contribute?
    • The obvious answer from the point of view of our company is as much as you can afford. However please keep in mind that contributing to a company, even such a great one like ours, does always carry some risks. We can’t recommend any amounts, since it really depends on your personal situation. Don’t contribute more, than you can afford to lose.
  • Compare to eSports betting ICOs and other pure eSports betting providers
    • We are a community built by gamers, for gamers. We offer all different sorts of products, not just sports betting and we want, you as the participants, to be a part of it and earn money through our ERT system by producing content and offer lessons to other members of the community.
  • Why trust us?
    • First do your own check up on our team - the guys have been around and have built other companies before. We promise not to just take your money and run! This is our baby and we really love this project - so this should be a checkbox in your research.
    • Second, the product is great - we believe to make a real difference in the upcoming industry for all gamers and eSports fans out there. Get an understanding or ask your questions about the product to Ben and Phil. We are always there with our team to answer all questions you might have as soon as we have time.
    • And third, read those guides on trusted ICOs. We will cover all of it to make sure you receive a great product, and that your funds are safe. https://github.com/Neufund/ico-transparency-monitor#transparency-questionnaire

      http://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/

      For further information you can review our: Terms & Conditions

  • I lost my tokens can you send me some more?
    • We urge you to handle your Tokens with care and high standard security. You wouldn't leave cash on a table in public either, would you? Lost tokens however, can unfortunately not be reimbursed by the company.
  • Why do you need a blockchain token, you could do the same thing with a centralized token?
    • ERT has several functions, which are more than just a replacement for another crypto currency. One factor is us buying back ERT as our reward currency - another one are access to raffles and exclusive contents as well as perks, only ERT token holders will receive.
    • Also blockchain allows transparency and people the freedom to buy and sell the tokens as they please, content creators are given the freedom to sell the tokens on the open market or use them on site. Blockchain technology allows this to be possible and it would be much harder or not possible with a centralised system.
  • Contract base
    • The contract and sale e.g. for a T-Shirt in our merchandise shop is always connected to the Euro value. So returns of tokens might vary depending on the current exchange price.
  • Do users pay for to like other users content?
    • No, likes are free. They might be limited in "x likes per day or hour" but this is not defined as of yet.
    • You can give ERT to other users as a gift, if they created great content, but this is not mandatory.
  • Is uploading content free?
    • Yes, uploading and creating content is free. Uploading is not only free, but we will even pay you for it, if the content is viewed and liked a lot. (We will check, if the likes and views are real users and make sure those are not bots)
  • Who is curating content?
    • Our team will check the content, if it is your first time uploading. If you are a seasoned user your content is uploaded automatically. Users can report content, if it is not ok to have it uploaded.
  • Does an account cost money?
    • No, our standard account on eSports.com is free, which allows you to consume most of our content. We will offer premium subscription tiers at one point in time, which allows you to access exclusive perks.
  • Is eSports fixed?
    • Like in any sports, this can happen. But very similar to any other sport, the players are watched very closely - not only in terms of match fixing, but also is their hardware pre-checked, they have to go through metal detectors before they go on stage so they can’t cheat and they do doping tests. All of this is taken very seriously by the tournament organizers, since it is all about substantial amounts of money.

Security:

The security of the user funds and the token generation/transfer is ensured by the following measures:

  • Multisig Escrow Wallet: A multisig escrow wallet is being set up where all the funds would be kept. This is to ensure that no single person or the company as a whole has access to the entirety of the fund.
  • Smart Contract Audit by ABDK: ABDK Consulting, the leading smart contracts audit company has audited our smart contracts and found no major issues. After this certification we have applied our smart contracts on the Ethereum mainnet. We have made sure that the token generation/transfer does not posses any technical loophole.