Yamzu so far
In the past two years, Yamzu has grown into a community of 10,000 players worldwide. We work with gamers to design the best eSports platforms for all levels of competition. Our research shows us that stand-alone software can block and make the process more difficult. We create similar eSports tournament platforms that can work on all Web browsers. This way it's easy for gamers of all levels, anywhere in the world, to take part. Currently, we support two of the most popular eSports games, Counter-Strike: Global Offensive, and League of Legends, and we are ready to integrate more popular titles like DOTA2, Call of Duty, Battlefield, and PlayerUnknown's Battlegrounds. We adjust Yamzu to not only suit the needs of players and teams who fight for prizes, but also to allow brands, influencers, and organizations to organize their own tournaments, and to enable sponsors to reach new eSports audiences. All of this allows us to grow 300% every year in just two years of activity.
Yamzu's future
We are now ready to take Yamzu to the next level. The emergence of blockchains, tokens, and smart contractsallows us to find new ways to create the eSports platform that can be accessed by gamers, organizers, and sponsors of every level. Applying this new technology to our existing platform will help us grow into a leading provider of eSports tournaments. Our existing experience and community gives us a competitive advantage. We have surveyed the eSports landscape and our features and ethos make our blockchain-enabled platform separate. Free Yamzu is used without a subscription fee. Players have the freedom to choose their team and opponents. Multi-team tournaments will always be free to create, and our platform treats players, affiliates, brands and sponsors alike.
Blockchain is a secure database without third parties. They store data across all peer to peer networks, so that every computer that participates in the network keeps a complete copy of the data. Tokens are digital money stored on blockchain which allows for transactions without worrying that one token can be used twice. For this reason, blockchains are called 'without trust', which means that people can transact without the need to believe that others are doing what they say they are doing. Smart Contract takes one step further and allows transactions that cannot be changed automatically. Payments can begin only after certain conditions are met. Blockchains making eSports more transparent, safe and allows fair competition.
Decentralized eSports
Blockchains , tokens, and smart contracts will enable Yamzu to make improvements in the three main areas of eSports: automation, monetization and sponsorship, while at the same time lowering the overall cost of running the platform.
With smart contracts, Yamzu solves the eSport trust problem. Fraud and cheating are big businesses in eSports, especially at the amateur level. People who do not intend to pay prizes use well-known branding organizers and payment troll payments weeks after making it. Yamzu will hold a prize pool safely in a smart contractbefore the tournament can take place. After the results are verified, the funds are automatically released to the winner. This will prevent fraudulent payments from the prize pool and ensure the player gets the promised award. There is no need to be able to trust the sponsor or organizer because the prize must exist before any match can be done, and there will be no way to get it back. Winners are not required to send screenshots or other proof of victory. Update results in real time so that all interested parties can review the results of the match.
YMZ tokens will change the payment and purchase methods on the platform while allowing the distribution of value back to the community. At present, the Yamzu payment system falls into three areas: fiat currency payments such as dollars, euros and krona, prizes at Yamzu Points, and on-platform purchases in Yamzu Points. All Yamzu Points will be converted to YMZ tokens. Users will have access to internal exchanges where they will be able to exchange fiat currencies for YMZ tokens that will be used for prizes, tournament entry fees, transactions on the platform, and exchanging other prizes. The exchange will also allow users to turn YMZ back into fiat currency. YMZ will provide access to new features that can generate additional value sources: meetings with sponsors, streaming, in-game items, and increased visibility. To maintain the value of the token, Yamzu will apply the burning mechanism to remove YMZ from circulation, burning 5% of all tokens received by Yamzu. Players are given incentives to hold YMZ tokens instead of selling them, and bonuses will be given based on player balance.
Blockchains allows us to store data in a safe manner without requiring a third party. This lowers the cost and efficiency of running the eSports platform, which means that Yamzu can enable players, organizers, and sponsors to create tournaments of various sizes, skill levels, and budgets. By sponsoring Yamzu, companies of any size can reach our gamer community. Setting up events is completely free and the only cost is that Yamzu continues to provide paid services as a small percentage (12.5-15%) or a collection of prizes. Sponsors can decide to organize tournaments entirely on their own or they can rely on Yamzu's expertise to support their projects.
Fostering communities around fair competition
The decisive Counter-Strike game in 2015 will never be possible in Yamzu that we are building. eSports must be transparent and safe, and can be accessed by all. Blockchains , tokens, and smart contracts place gamers, organizers, and sponsors of all levels in control because the industry continues to grow. Peer to peer gaming is about leveling the playing field and sharing value with the gaming community. Yamzu is determined to be at the forefront, to foster communities around the world around healthy competition.
Here are 4 ways the blockchain is going to revolutionize eSports:
1. Blockchain makes eSports more transparent and secure
eSports have a trust problem. Players have to trust the organizer, the sponsors, and even the fans send them donations. But scams are big business in eSports. People with no intention to pay out prizes use the branding of well known organizers. Trolls for players only to reverse the payment weeks later. And fake prizes list sponsors that they never send to winners. Blockchain will help make eSports more transparent and secure. Prize pools can be held securely in escrow in smart contracts, automatically sent to the winner when the results of a match have been verified. Players need to be able to trust that the sponsor or organizer is acting in good faith because there is no way for a prize or donation to be taken back.
2. Blockchain levels the playing field between amateurs and professionals
As the industry has grown and professionalized, the wage gap between gamers has become wider. Now, it's harder for amateurs to take part in the major tournaments and access higher prize pools. Blockchains lower the variable cost of operating a secure database. This means Yamzu can treat small and big budgets the same, and anyone can organize, and take part in, tournaments. Blockchains equalize the status of players so that everyone can access only level playing fields where skills matter.
3. Blockchain puts players in control
eSports players are put under a lot of pressure. Managers have forced their teams to throw games and lose on purpose so they can illegally fix betting odds. And due to the high costs of setting up a tournament, players have to rely on big budget organizers who don't always have their interests at heart. Currently, there's no easy way for sports players to create their own events. Blockchain-enabled smart contracts make it cheaper to set up a tournament and distribute prizes. Now gamers are free to organize competitions with their own rules, independent of sponsors and affiliates.
4. Blockchain makes it easier to monetize eSports
Cryptocurrencies offer players a secure way to receive payments. More tournaments mean more opportunities to win prizes. The only thing that should matter is skill, not fame. This will give visibility to more talented players around the world and make it easier for teams and sponsors to scout new talent. With the blockchain, Yamzu can bring together all the resources and tools of a player, team, sponsor or developer might need to earn revenue from eSports: team and tournament setup, prize pool payout, stats, and the integration of new games.
At Yamzu, we are driven to make eSports more transparent and secure. As players ourselves, we are confident blockchain will help put gamers in control as the industry continues to grow. Peer to peer gaming is about sharing the value with the dedicated players who create it in the first place. Our decentralized eSports platform will demonstrate the full potential of blockchain technology.
Check out our website and join our whitelist now to get 30% off in our upcoming token sale.
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For further information, please visit the link below:
Website: https://yamzu.io/
Whitepaper: https://private.yamzu.io/Yamzu-whitepaper.pdf
Twitter: https://twitter.com/TeamYamzu
Facebook: https://www.facebook.com/yamzuesport/
Author : aizkicaumania
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