Competitors and Advantages

ESportsFi Island, a decentralized eSports platform powered by advanced blockchain technology, addresses the weaknesses of centralized eSports platforms like Skillz and further improves various capabilities of the eSports platform.

• Credibility

In a centralized eSports platform, data, arbitration, and reward distribution are all controlled by a centralized organization, which undermines players' trust in the competition. ESportsFi Island, which is built on the blockchain, is decentralized, so no organization or party can change competition results at will. The game process can be traced, and reward distribution is automatically executed by smart contracts. All of these measures greatly improve game credibility and players' trust.

• Fairness

The reward distribution, ticket prices, and even competition leaderboard data of a centralized gaming platform can be changed at any time, putting players at a significant disadvantage. If the competition or rules are not fair, players have no recourse. In contrast, ESportsFi Island is a DAO organization, which is a completely autonomous project by players, and rules are also determined by the DAO. The project development team, which is not a member of the DAO, simply executes the decisions of the DAO as a pure executor, so fairness is greatly improved.

• Convenience

A centralized eSports platform, requires players to use a single currency to play games, which can be inconvenient for players from different regions. In contrast, ESportsFi Island allows players to use $GOLD to play games, regardless of their location, as long as they have a crypto currency that can be converted to $GOLD. This significantly improves the convenience for players.

• Value Enhancement

In a centralized gaming platform, players can only make a profit by winning competitions and receiving prizes. However, on ESportsFi Island, players can earn token rewards simply by playing games through the "Play-to-Earn" model. Even if they lose, they will still receive token rewards. In addition, players can earn bonuses through smart contracts and obtain various NFT assets in the game. These assets, authenticated by the blockchain, are private and belong to the players forever. Therefore, ESportsFi Island not only offers players the enjoyment of gaming, but also allows them to earn a significant profit with the same amount of time and skills investment.

• Security

All Skillz data, including player assets, is stored on a centralized server. If this server fails or is hacked, players may lose their assets permanently. In contrast, the decentralized ESportsFi Island stores player assets on the blockchain, which is much more secure than Skillz. No matter what happens to the project, player assets will always remain in their wallet, ensuring their security.

• Completeness of Economic Model

eSports is a diverse ecosystem with various expansions, such as media, guilds, and peripherals. In centralized eSports platforms like Skillz, the internal driving force behind live streams, event commentary, and other activities often relies on player interest and enthusiasm, which can be difficult to sustain over time. However, ESportsFi Island's combination of SocialFi functionality allows for the authentication of content rights in the surrounding ecosystem, reflecting the value of content in the form of platform tokens and generating long-term value through DeFi. Similarly, guilds on ESportsFi Island can confirm bonuses for both guild leaders and members, adding to the completeness of the casual eSports industry's economic model.

• Scalability and New Business Models

The Affiliated Islands of ESportsFi Island are a unique feature that offer strong scalability and new business opportunities for our project. They are also a necessary function of ESportsFi Island as a large casual competitive gaming platform.

On these islands, different teams can experiment with brand new business models. For example, they can use decentralized tokens as incentives for agents and promoters from centralized games. Specifically, they can use EST as a unique tool to offer traditional game agents an additional economic reward, which will motivate them to bring centralized gamers to ESportsFi Island. If this positive cycle continues, our platform will be able to attract more and more loyal players and promoters.