Interview with Alex Tsymbal CEO of EtherSport.
What challenge is EtherSport addressing?
EtherSport is building a decentralized technology of running lotteries and player-to-player bets without risks of getting fooled and paying outrageous commissions for nothing. Moreover, EtherSport suggests truly random and yet verifiable lottery results, as most lotteries provide just numbers and can’t even prove that they are random indeed.
What is the scale of this challenge?
These kinds of gambling have an official capitalization of $86 billion, and it is believed that
black market and unofficial lotteries turn over $400 billion a year. All these people may want to have a real breakthrough in their approach to gambling, so that’s a pretty tough challenge to get to them all and provide a product that would be viable and clear to anyone.
How does EtherSport turn this challenge into an opportunity?
EtherSport is transparent, means every aspect of the lottery can be viewed and verified, EtherSport is decentralized, so that once we deploy the lottery smart contract into the blockchain, it can’t be changed and compromised, EtherSport has clear and understandable source of drawing results, and everyone is able to follow this process, and EtherSport’s input threshold is only $1, so practically anyone in the world can buy a lottery ticket and have equal chance to hit the jackpot. Also the system itself will be open-source, the smart contract and lottery bank collection and distribution code will be accessible on GitHub.
Can you showcase some team members/advisors which have a strong background? What is their connection with this particular project?
The main advisor is Timofei Bezruk, Ukraine’s leading bookmaking specialist who took his part in creation of dozens of betting platforms. Thanks to Timofei’s experience we have created a great system you will be able to put your hands on soon. The other advisors are planned to uncover in one week before the Pre-ICO.
Does EtherSport have any strategic partnerships?
We are negotiating with three independent sources of sports events results and plan to sign a strategical partnership contract with them. Also the development studio that works on our platform is our partner. We plan to disclose our partners with the start of the Pre-ICO.
Does EtherSport have a viable product at this time?
Yes, we already have most of the architecture coded down. The MVP will be presented to everyone in December.
What is the status or this product? (Alpha Beta or production)
It’s only alpha now, but we are going to release the beta for public testing on the test network.
How many users are actively using this product?
It is still being used internally for testing purposes.
What is the structure of the ICO? (Bonuses, Dates, Market Cap)
The ICO will start on November, 13th, and will last until December, 20th, through a pre-sale and 4 ICO stages. Generally, the earlier you invest, the more tokens you get, thats kind of a bonus scheme we have.
What are the requirements to participate in the ICO?
There are no major requirements: you need only will and an Ethereum wallet to take part in the ICO.
What are the pros and cons for the token holders?
The pros are obvious for most ICOs: you can trade tokens on an exchange, use tokens to play at EtherSport, but there are more. Token holders will receive bonuses from every single lottery at EtherSport, and also we expect the token price to be somewhat predictable around times when forced jackpots will be announced. We expect them to rise.
Was there a pre-ico?
Pre-ICO will be held from 13th to 19th of November.
What is the price of the pre-ico and the price of the ico?
The Pre-ICO price will be 0.0005 ETH, and during the ICO the price will range from 0.001 during the 1st stage to 0.002 during the 4th.
How many tokens will be issued?
100,000,000 ESC tokens in total.
Is there a cap on the ICO?
Yes, the hard cap is 90,000 ETH.
Would you like to add any further info?
All details and information on the EtherSport project can be discovered on our site, ethersport.io, where you can download the white paper with full description of the game process, system and development plan.
We build an open platform and an open community, and we are ready to answer any your questions in our communication channels: https://t.me/joinchat/HAJNAA4U
We thank Alex Tsymbal for the interview.
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