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 Group Limited (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.
Evolution of Gaming Models
The gaming industry have kept inline with the pace of overall ICT development, steadily evolving as the years go by. Today’s game market can be cleanly segregated into two major categories: Pay-to-Play (P2P) and Free-to-Play (F2P).
Pay-to-Play (P2P) models are recognized as the traditional format where gaming revenue modelling is concerned; under the P2P system, one would either purchase the game in full upfront, pay a monthly subscription for the temporary right to play the game, or a combination of the two. This format has over the years reigned supreme, enjoying adaptation rates of approximately 100% across all platforms (PC, console, etc) with overwhelming success.
An unsurprisingly development, as choice was pretty much scarce back in the days. Time-tested as the model is, it was not without its own flaws. It is almost mandatory for games developed under the P2P model to be of high-end variants with strong unique selling points and wow factor; the preview and initial marketing of these games has to be sufficiently moving for players to consent to investing a substantial amount upfront for something they may or may not enjoy. Moreover, games of subscription based P2P models require a large and consistent monthly subscription
base to maintain both the game’s playability and profitability.
Inheriting the contemporary market space from more traditional revenue models is the uprising Free-to-Play (F2P) system that has so far taken the world by storm. Games operating under the F2P system are allowed full access to the game’s basic functions absolutely free of charge but will instead have to fork out a significant
amount in order to attain premium features or bonus (e.g. quicker experience gain, access to pay-only characters or equipment, etc), leading to the birth of Pay-to-Advance (P2A). The primary driver for F2P and P2A success is the fact that
potential players are given the opportunity to personally experience and evaluate the game for an extensive period before making informed decisions on how much they should spend based on the quality of their experience. This is advantageous to the game publishers and developers as well because it is incomparably easier to attract
new players when it costs them nothing to try the game out; the presence of premium features and items also raises the upper limit on potential revenue to magnitudes never before thought possible.
BLOCKCHAIN & CRYPTOCURRENCY
Matchroom has always been a for-the-community-by-the-community product, and having walked a proverbial mile in the consumer’s shoes, the team behind Matchroom understands better than anyone the importance of security and stability in the making of a conducive environment where the consumers may function
without worry.
Simply put, Matchroom aims to adapt blockchain technology in mitigating the various risks involved in digital transactions via tools such as smart contracts to operate and monitor platform functions and also to leverage upon the various value-adding features blockchain offers.
● Facilitate Day-to-Day Gaming Activities
● Resolve Modern Gaming Dilemmas
● Support Independent Developers & Organizers
● Enhance Industry Growth
This reduction in risk will lead to not only a greater overall industry turnover as trading occurs more frequently but also fosters industry profitability by lowering the barrier of entry for new players to penetrate older games which effectively extends the lifespan of games in general.
Fortunately for Matchroom, Blockchain technology is currently on the rise with a progressively incremental rate of adoption as the days go by; with the myriad of advantages afforded to both us and the consumers, Matchroom has determined that there is no better time for it to entrench itself within this aspiring world-changing
technology.
● SECURITY.
Linked and secured via cryptography, transactions in a blockchain are recorded in “blocks” with unique timestamps & transaction data which are then linked to a previous equally unique “block”. The resulting data will be inherently resistant to modification - data in any given transaction or “block” cannot be altered retroactively without having to make alterations in all subsequent blocks as well (of which would require collusion of the network
majority).
● TRANSPARENCY.
The entire system is essentially a decentralised open distributed ledger that can record transactions between two parties efficiently in a verifiable and permanent fashion. This is further reinforced by the fact that
the system is typically governed by a peer-to-peer network collectively adhering to a singular protocol for the validation of new blocks.
MATCHROOM STORY
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 thedevelopers 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.
MATCHROOM TOKEN ECOSYSTEM
VIRTUAL GIFTING
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VIRTUAL TRADING
DEVELOPER CROWDFUNDING
BRAND SPONSORSHIP
Token Sale Timeline
ICO Pre Sale : 28th February 2018 4.00pm GMT+8. Pre sale will conclude on the 15th of March, 2018.
Tokens purchase during this period will be given a bonus of 30% MR Tokens.
ICO Main Sale : 2nd of May 2018 4.00pm GMT+8. Main sale will conclude on the 31st of July, 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 during the Main-Sale, with no maximum transaction amount in place; while the minimum transaction amount is 1ETH during the Pre-Sale (with a 30% bonus). Soft cap is set to USD 1,500,000.
ROADMAP
STRATEGIC PARTNERSHIPS
To ensure Matchroom platform is well positioned in the markets we are operating in, we have formed strategic partnerships with the following partners. The key success factor to Matchroom is for Matchroom platform to having have the right content partners, a technology partner and local market expertise.
In solidifying this partnership, Matchroom platform intents intends to export gaming and eSports content from China, including but not limited to Hoo Lai and HKCGA, and expand its reach towards South East Asia and in the near future towards India, Middle East and Latin American markets. In order for us to do so, we are partnering with SQ2Fintech as a forefront technology provider is building up our platform which is fully capable of reaching out to the global market.
Yep, back again with @bonusdeposit this time will provide a review for ico from matchroom.io
Vision and mission that carried very good, for now it is esports in its heyday. Inni can be a strong foundation for matchroom to grow rapidly in the future.
team is also very reliable, with a roadmap that is very supportive for project matchroom can develop (with your support also of course). To be sure, matchroom can show its fangs this year. You will only see the success of Matchroom? I don't think so, let's participate in the main sale from matchroom.io and be part of success with matchroom.
website : https://matchroom.io/
whitepaper : https://matchroom.io/wp-content/uploads/2018/03/Matchroom_whitepaper-1.6_EN_20Mar.pdf
official facebook : https://www.facebook.com/Matchroom.io/
official twitter : https://twitter.com/Matchroom_net
medium blog : https://medium.com/@matchroom
telegram group : https://t.me/MatchRoomio
author : https://bitcointalk.org/index.php?action=profile;u=1016988