UltraPlay launches eSports betting cryptocurrency

The eSports cryptocurrency, which is an ERC20 Ethereum-based token known as eGold will first be launched onto eSports betting platform Buff88, which is going to be further developed to offer blockchain-based betting. To fund this development, the company has also announced an initial coin offering (ICO) running from 18 December 2017 until 28 February 2018.

In a statement, UltraPlay’s Chief Commercial Officer, Mario Ovcharov said: “We are very excited to introduce eGold to the eSports and crypto community. Together, we can make it the first-choice payment method for eSports betting.

“Having been at the forefront of the iGaming market for 7 years now, we believe that our ICO investors and participants will increase eGold’s value and will support our future developments, based on blockchain.”

Participation in the crowdsale will only occur with ETH currency and will happen through audited Ethereum smart contracts.

Ovcharov added: “We are proud to announce that eGold has engaged WINGS Foundation in order to efficiently price and promote the eGold crowdsale event to the maximum number of participants. We would like to thank our advisers and partners, who greatly contribute with their time, knowledge and enthusiasm to the idea of establishing next-generation betting experience, based on the Blockchain technology.”

A total of 888,888,888 eGold tokens will be minted with 25% of all tokens (222,222,222 eGold) being sold in the eGold token sale and presale. The remaining 75% of tokens will be distributed by the company to various divisions within the eGold & WINGS DAO team and to cover marketing costs.

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Robert Simmons

Gambling Writer

Robert Simmons served as a writer for Gambling Insider, where he was an active contributor from 2017 until 2018. Throughout his tenure, Robert executed in-depth market research and wrote over 500 news and press-release articles covering the global gambling industry under strict editorial standards and tight deadlines. He contributed editorial support to the production of five 100+ page Gambling Insider magazines, eight 25+ page Trafficology magazines, and five 25+ page special print focus editions. In addition, he produced 30 in-depth feature articles for print, secured over 30 contributions from external writers, and built long-standing professional relationships with industry stakeholders across all levels of the gambling sector.

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