FirstBlood is an eSport platform. It is a decentralised platform. FirstBlood allows the players to bet on games. The players are not subjected to any downtime. The players are also not subjected to any traditional transfer of money or hacking to bet on games with FirstBlood. Players are protected from financial regulations, any fees or corruptions of any middleman, with the help of FirstBlood.
FirstBlood is an application that is decentralised in nature. It allows the users of FirstBlood to bet on eSport games. FirstBlood runs on a Ethereum Virtual Machine. FirstBlood is fuelled by 1ST tokens.
The objective of FirstBlood platform is to make the eSport industry efficient and transparent than ever. FirstBlood also intends to bring a new demographic into this crypto community. FirstBlood is committed to bring transaction of cryptocurrency closer, be adopted by the mainstream population.
The FirstBlood smart contract system holds the tokens those are sent to FirstBlood, by the players, when they intend to bet on a match with 1ST by opening FirstBlood web or the desktop software. The FirstBlood smart contract system functions like an escrow that is decentralised.
Witnesses connect to the game API after the match is over and does the analysis of results. Witnesses convey the results after analysis. In an uncontested game, the winner receives the prize and Witnesses receive their fees. But in a contested game, the results are decided by a voting done by a Jury Voting Pool. The witnesses, numbering two are chosen at random for each match. The results of the contest are published on blockchain. The entire process is automated. The witnesses need not do anything but to report the result of the match.
The Jury Voting Pool is invited only in case of contested matches. A selected panel of Jury is from Jury Voting Pool votes on the outcome of the contested match. Jury votes manually based on the player’s produced evidences. The prize is paid to the voted winner once the quorum meets. The jury members for giving the final result is rewarded with fees for their rendered service.
FirstBlood is committed to build up an environment for healthy and competitive eSport. It plans to implement ranking at different levels. A system for reputation such as, Global ranking, User reputation system or Match Making Ranking will be implemented by FirstBlood. FirstBlood also plans to hold a Crowd funding campaign, lasting for a month. Investors will be able to invest in Ethers because the tokens are issued on blockchain of Ethereum. The investors will have to send the Ethers at a special smart contract address.
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