MATCHROOM
Leet Entertainment’s Matchroom platform (hereby known as Matchroom) is an integrated digital platform designed from the ground up to serve the unique demands of modern gaming communities with the aid of blockchain technology. Supported by a strong team of industry veterans, Matchroom intends to first establish itself a solid foundation as the preeminent digital destination for gamers across South-East Asia (SEA) before encroaching on the global market space.
Matchroom envisions itself as a for-the-community-by-the-community entity, labouring to facilitate and stimulate activities across all stakeholders but especially those at the grassroots level, of the gaming industry through the various platform features specifically devised to do so :
- Facilitating Communities & Consumers; social media, coordination & communication, original content, news & updates.
- Facilitating Content Creation; unique monetization opportunities, optimal publishing space.
- Facilitating Industry Operators; alternate funding source, targeted marketing opportunities.
Leveraging on the rising prominence of blockchain as the reliability of its security features is increasingly showcased and proven on the fields, Matchroom was designed with a majority of its features provisory to the diverse advantages blockchain can offer. Matchroom will be administering blockchain in the resolution of various issues that might otherwise render the platform operationally unfeasible in order to secure the position it is poised to take within the industry.
- Facilitate Day-to-Day Gaming Activities
- Resolve Modern Gaming Dilemmas
- Support Independent Developers & Organizers
- Enhance Industry Growth Leet Entertainment HK (hereby known as Leet Entertainment), the developer of Matchroom intends to raise USD10 million via an Initial Coin Offering (ICO) of Matchroom Tokens (hereby known as MR Tokens or MRT). The funds will be utilised to fully develop the Matchroom platform’s key capabilities and features and to grow its user base.
The global gaming industry is amidst a major boom significant enough that it is now recognized as a serious industry with over 2.2 billion global consumers of which 1 billion are paying customers. This is especially so in the Asia Pacific (APAC) region where revenue generation is as of 2017 represents a whooping 49.8% of total global revenue, bringing in 57.8 billion USD (14.6% year-on-year growth). Yet, gamers in the Asia Pacific region continue to be mainly served by Western-centric services and platforms, be it playing on the Steam platform or streaming game videos on Twitch or YouTube. Although Chinese and Korean game developers have begun to catch up, the game industry remains dominated by Western game developers like Activision-Blizzard, Inc., Electronic Arts Inc., Valve Corporation, Riot Games and Ubisoft Entertainment SA
MATCHROOM TOKENOMICS
Resolving Gamer Dilemmas with Blockchain
It can be said with certainty that Leet Entertainment has chosen the perfect time to materialize Matchroom and its ideals. The team behind Leet Entertainment and Matchroom have long envisioned an integrated platform capable of facilitating industry related activities across the board where all stakeholders may congregate regardless of origin and consumption preference. Although the platform features outlined during Matchroom’s infant stages were equally ambitious and comprehensive, there were a number of potential issues with severe consequences that the team struggled to overcome before blockchain came along.
The founders and creators were not interested in merely jumping on a bandwagon for the sake of joining in or the fear of missing out. Instead, blockchain, cryptocurrency, and the ICO path was only considered and subsequently adapted after extensive deliberations concluding with compelling persuasion.
Virtual Gifting
● Maintain Anonymity. Blockchain as a fully decentralised system allows streamers on the platform to complete transactions all the way through to cashout without needing to reveal their identities.
● Lower Transaction Costs. Compared to existing payment gateway platforms, the transaction costs associated with cryptocurrency trading is much lower.
Virtual Trading
● Fraudproof Transactions. Embracing blockchain technology entitles Matchroom to enforce transactions through smart-contracts, largely strengthening its position as an escrow. The process will be fully automated with smart-contracts identifying and verifying both product and payment before conducting a final exchange between the two.
Brand Sponsorship
● Global Reach. Endorsing the usage of cryptocurrency permits potential sponsors to reach out to any given organizer regardless of geographical restrictions; because cryptocurrencies are denominated in universal values, the parties involved are effectively spared the various conundrums associated with FOREX.
● Transparency. The decentralisation of ledger accounting through blockchain can also result in absolute transparency as the records of which fidelity can not be tampered with, are openly accessible to the public.
Developer Crowdfunding
● Flexible Investment Quantum. Discounting various 3rd party payment gateway driven crowdfunding platforms, what cryptocurrency offers potential investors is flexibility in the amount they wish to contribute to any given ICO project (from as low as 10 USD); compared to say traditional IPO or the more modern Equity Crowdfunding offerings where the minimum investment quantum is typically above an average person’s income bracket.
● Facilitate Deliverables Driven Payout. A key concern when investing into crowdfunding projects is the risk of encountering fraudulent pitches. In response to this problem, blockchain unlocks various tools that empowers potential investors with the ability to stagger their contributions’ release to the developers based on deliverables completion.
● Efficient Fundraising Alternative. Traditional fundraising techniques are not always available, especially to small scale independent developers, as they are usually money and time intensive on top of requiring strong networking and expertise.
The Matchroom Token Ecosystem
The Matchroom token ecosystem will be driven primarily by the four main platform features details in the diagrams below. Usage of these features will involve users purchasing MRT and content providers operating within our platform selling MRT in order to cash-out. Thereby ensuring organic circulation of the cryptocurrency.
Virtual Gifting (VG)
Enthusiasts and fans who desire to support their favored streamer through Matchroom can do so via the purchase of Virtual Gifts through Matchroom’s unique digital currency (MCOINS).
MCOINS can be purchased directly from the platform at predetermined prices using either traditional payment methods or MRT. Recipients of virtual gifts will then have the dollar value of the gifts recorded in their wallet (denominated in USD) to be converted into MRT (taken from the Matchroom Vault) at the receiver’s discretion which can then be resold on the open exchange. This drives organic circulation of MRT that is independent of market speculation.
Virtual Trading (VT)
Potential buyers looking to make highly secured transactions within the platform can only do so via MRT which they will have to purchase from the open exchange. The transactions will be governed by smart contracts and the seller shall receive the payment in full (minus our commission) as MRT upon satisfying the contract details. Sellers will then resell the MRT obtained to the open exchange, creating again cyclical waves of supply & demand.
Developer Crowdfunding (DC)
Prospective investors wanting to support the various development projects published under Matchroom will have to first purchase MRT from the open exchange before transferring the resulting tokens into a Matchroom wallet. The sum total of tokens contributed will first be stored in the Matchroom Vault before being released gradually to the developers in phases as per the pre-designated terms and conditions. Benefiting developers can then cash out by reselling the tokens attained through the open exchange, creating both supply and demand for MRT throughout the process.
Brand Sponsorship (BS)
Prospective sponsors wishing to support esports events through Matchroom will have to first purchase MRT from the open exchange before transferring the resulting tokens into a Matchroom wallet. The sum total of tokens contributed will first be stored in the Matchroom Vault before being released gradually to the event organizers in staggered phases as per predesignated terms and conditions. Benefiting organizers can then cash out by reselling the tokens attained through the open exchange, creating both supply and demand for MRT throughout the process.
MR TOKENS
Token Sale
Timeline ICO Pre Sale : 28th February 2018 12.00pm GMT-8. Pre sale will conclude on the 15th of March, 2018.
Tokens purchase during this period will be given a bonus of 30%.
ICO Main Sale : 15th of March 2018 12.00pm GMT-8. Main sale will conclude on the 15th of May, 2018.
1,000,000,000 (1 billion ) MR Tokens will be created with a value of USD0.02 cents each.
50% of the MR Tokens will be offered to eligible investors through the ICO. 20% will be allotted to the Matchroom founders, 15% will be alloted to Advisors and Partners, and the final 15% will be kept as reserve or bonuses.
Eligible investors may subscribe to an unlimited number of MR Tokens via the ICO. ETH is the currency used to subscribe to the MR Tokens. The minimum transaction amount is 0.01 ETH, with no maximum transaction amount in place. The ICO has a pre-sale with a 30% bonus. Soft cap is set to USD 1,500,000.
The ICO funds will be used as follows:
- Development of the Matchroom Platform - 40%
a. Product Enhancement
b. Blockchain Application
c. Mobile Application - User Growth Marketing and Promotion - 30%
a. Market Expansion
b. Collaborations with Influencers
c. Sponsorships & Events - Operations - 30%
a. Server Infrastructure
b. Network & Technical Maintenance
c. On-ground Presence
In addition to the MR Tokens being traded above, MR Tokens can also be used on the Matchroom platform as follows:
- Buying MCoins, the virtual currency of the Matchroom platform - MR Tokens carry a premium of 20% bonus when purchasing MCoins. MCoins allows you to enjoy the product and services which is offered on Matchroom ranging from in-app purchases of games as well as virtual gifting and other offerings.
- MR Token holders will have special access to our Matchroom Mall where limited edition virtual items and game merchandise will be available only via MR Tokens.
- MR Token holders will have the privilege of accessing all our Pre-beta games and shall receive a Premium in-game pack to enhance their gaming experience.
- MatchTrade and MatchEscrow; consumer usage of Matchroom’s Virtual Trading Marketplace will only be available through MR Tokens.
- We will run monthly tournaments on Matchroom’s MatchArena which is accessible using MR Tokens and are exclusive to MR Token holders
- MR Tokens can also be used to crowdfund independent game developers on the Matchroom platform. In return, game developers will give special access to these developers ranging from VIP access, special packs and avatars to other benefits depending on the developer offerings.
ROADMAP
For More Information :
Matchroom website : https://matchroom.io/
whitepaper : https://matchroom.io/wp-content/uploads/2018/02/Matchroom_whitepaper-1.3_EN_22-Feb.pdfutm_source=BCTforum&utm_medium=whitepaper&utm_campaign=BCTwhitepaperdownload&utm_term=EN%20wpp%20dl
Matchroom Presale/ICO dates : https://bitcointalk.org/index.php?topic=2888827
Telegram Group : https://t.me/MatchRoomio
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1811483
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