ESPL Arena Announced its First Host-to-Earn Token on ProBit Global
Colin Smith — February 13, 2023 — Business
References: probit
ESports Players League (ESPL) has announced that its utility token, $ARENA, has been listed on ProBit Global. ProBit Global is a centralized exchange (CEX) and the first major platform to list the $ARENA token. The listing will allow users to trade $ARENA with deep liquidity and provide them with a wide range of crypto trading options.
ESPL's true Host-to-Earn tournament model is a first-of-its-kind for esports gaming and allows for frictionless hosting of tournaments for grassroots gaming communities. The $ARENA ecosystem incorporates cutting-edge blockchain capabilities for secure and transparent prize disbursement to participants anywhere in the world. ESPL raised $1.4 million in its initial farm offering (IFO) on PancakeSwap, which was completed on January 16, 2023.
Image Credit: ProBit Global, ESPL Arena
ESPL's true Host-to-Earn tournament model is a first-of-its-kind for esports gaming and allows for frictionless hosting of tournaments for grassroots gaming communities. The $ARENA ecosystem incorporates cutting-edge blockchain capabilities for secure and transparent prize disbursement to participants anywhere in the world. ESPL raised $1.4 million in its initial farm offering (IFO) on PancakeSwap, which was completed on January 16, 2023.
Image Credit: ProBit Global, ESPL Arena
Trend Themes
1. Host-to-earn Tournaments - The Host-to-Earn model of ESPL Arena is a new trend in esports gaming, allowing for frictionless hosting of tournaments for grassroots gaming communities.
2. Blockchain-based Prize Disbursement - ESPL's $ARENA ecosystem brings a new trend to the industry by incorporating cutting-edge blockchain capabilities for secure and transparent prize disbursement to participants anywhere in the world.
3. Initial Farm Offerings (ifos) - The IFO fundraising model is a trend that is gaining popularity in the crypto industry, as demonstrated by ESPL's success in raising $1.4 million on PancakeSwap.
Industry Implications
1. Esports - Esports businesses can take advantage of the Host-to-Earn trend and use blockchain technology to enhance the gaming experience and reward players transparently.
2. Cryptocurrency Exchanges - As the first major platform to list the $ARENA token, cryptocurrency exchanges have an opportunity to offer their users access to a new and popular esports gaming token.
3. Blockchain Technology - Blockchain technology companies have an opportunity to enter the esports industry by offering secure and transparent prize disbursement options for gaming tournaments, as demonstrated by ESPL's $ARENA ecosystem.
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