The FunTech industry is rapidly evolving. Its expansion is based on the fact that people these days are very much intrigued by ‘challenges’. Everyone knows about the famous Ice bucket challenge that gained immense popularity in very less time.
Audience is much more willing to compete rather than just watching the viral content hence the acceptability of online competitions and challenges thus has increased in a short span of time. In quest of proving their mettle in front of family and friends people easily accept such online challenges and eventually make them viral by challenging peers.
Globally there is no platform which unanimously is dedicated for challenges and bets. Eristica is one such platform with global monopoly in this FunTech industry. They do this by integrating blockchain and smart contacts in the competitions. This will ensure transparency and will build trust amongst the players.
To make the platform lucrative and more attractive they have fixed rewards for wining challenges and bets. Cryptocurrency will be awarded to the players for winning challenges thus creating a whole ‘cryptosphere of challenges and competitions’. (https://eristica.com/)
ERISTICA PLATFORM & SPECS
Eristica is a platform that already has over 1.2 million users currently active. It is a P2P platform that is tokenizing the platform’s economy in order to give its users opportunity to win rewards for successfully completing challenges or when they successfully make predictions.
Integration of not only online bets but also offline bets and various different competitive scenarios that users can create on this amazing platform is exuberating. These unique challenges will be very specific and entirely user designed and hence will be new and refreshing.
Eristica has set a standard 3% bet on all types of ‘bets’ and ‘competitions’ which is much less other platforms. Other platforms charge up to 20% on these bets and competitions. This difference in the cost will attract the flow of users who will obviously choose Eristica over such platforms.
Another aspect that makes Eristica a very stable platform and very strong contender of rapid growth is its strong user base. This user base is primarily (>60%) young audience which makes the platform very exciting and rejuvenating.
The Challenge video market
Source: - (https://eristica.com/wp/wp_en.pdf)
This diagram clearly depicts the growth of challenge videos in the online video market. These projects clearly showcase the enormous growth potential of the challenge video industry in future. This will exponentially increase when some platform is exclusively dedicated for such videos when users can log in and accept challenges whenever and wherever they want.
The expansion of Smartphone users and the accessibility to internet has forced the ‘common man’ to spend his ‘leisure’ time online watching videos which mainly include challenge videos and videos that involve their active participation. Eristica is augmenting the exciting challenges online by decentralizing (increasing transparency) and by tokenizing (giving rewards).
ERISTICA CRYPTOCURRENCY & WALLET
The Eristica coin is the ERT token which is set at a base price of 0.02 USD. This is primarily a utility token which can be used for playing challenges making predictions on the platform. 70% of the tokens are available for purchase during the time of ICO. (For coin details hard cap, token supplies etc read the white paper: (https://eristica.com/wp/wp_en.pdf )
Users can transfer their token out of the platform by any standard ERC20 wallet. The user on Eristica will have a Eristica wallet which can be used to send or receive tokens on the platform. The company aims to simply the complex process of cryptocurrency transactions for their user.
Charging a 3% fees on each bet Eristica’s currency (ERT) will be used for creating challenges, bets, rewards for winners making predictions etc. The transactions and bets between users will all be controlled by smart contract which would never be biased and very trustworthy. Being a decentralized platform the opinion of users will be the ‘say’ on the platform and this will insure transparency and speed. Also there is anonymity of voting which means the users just cannot follow the herd.
Challenging popular bloggers, brand challenges (like the famous burger king challenge) are the new challenges in trend. Eristica is user ready for all such new and trendy ways to attract the mass audience on the platform.
The ICO will be completely used for the development of this amazing platform with enormous growth potential. The developers of this platform have already worked hard to build such a huge user base. Their complete dedication and monomaniacal focus in achieving their goals is unparalleled. This ICO will become one of the world’s biggest betting, challenging and predicting platform in the years to come. Being a platform of more than a million users even before the ICO the platform has gained enormous respect and trust which will promote users to invest and participate in this revolution called ‘ERISTICA’ .
*Best Price on Token Sale Lasts up till Feb 6th $0.04 and Then Token Sale Price Increases slightly to to $0.05
Official Website: (https://eristica.com/)
Whitepaper: (https://eristica.com/wp/wp_en.pdf)
Twiiter: (https://twitter.com/EristicaApp)