Eristica : "Will Create Globalminimum For Betting And Challenge Industries"

Crypto based technology platforms have pretty much seeped into every conceivable domain of the human experience these days. In that sense, Eristica can be thought of as a P2P-platform whose economic engine is driven via the use of user participation (primarily for online challenges and competitions). From a historical perspective, we can see that the project was launched a couple of years back, but since has gained a massive following of over a million participants.

About Eristica

Eristica is a ‘betting based crypto platform’ that makes use of ratings and rankings to create an ecosystem that encourages user participation. It provides all of its users with competitive incentives that have been designed to “make players fight for top places within the rating leaderboard”. Also, with the help of blockchain, Eristica aims to subvert common issues that are faced by the betting industry for both online and offline environments.

Other Key Aspects of the Eristica ERT ICO System Include:

(i) Tokenization:

One of the core aspects of this platform is its use of a native economic engine that rewards users with virtual currency for various tasks.

(ii) Synergistic Interactions:

One of the core visions of Eristica is to create a platform where a host of different people (from diverse cultures) can come together and interact with each other. The target demographic for this product is primarily a young one, and thus to promote its use amongst such users, there are many interaction based incentives and rewards that are given to them.

(iii) Community:

Many of us might not know, but today there exists a serious technology domain called FunTech that draws in substantial revenue on a daily basis. To further elaborate on this point, we can see that Youtube possesses a core strength of over 1.5 billion users who on an average spend 40 minutes a day on the website.

Thus to cash in on this segment, Eristica is designed to integrate blockchain with viral content so as to help users earn money in a easy and straightforward manner.

Whats on Offer?

1. Digital Wallet:

Eristica offers all of its customers with a free wallet that can be used to procure “on-demand services” with the click of a button. In addition to this, the wallet will also allow users to freely send, receive and withdraw tokens in a completely seamless manner. It will make use of an API that has been designed by “3d party”, and is based upon principles of security, functionality, scalability.

2. Game API:

This platform will be making use of its personal Game API that is simple and easy-to-use. It features a software interface that has the ability to integrate Eristica services onto different digital platforms. Via the use of Eristica, gamers have the ability to win native tokens which can then be used to make in-game purchases.

In addition to this, the company's whitepaper also mentions that they will look at “creating an SDK for the most popular game development platforms, such as Unity3D Engine19 and Unreal Engine20”.

The benefits for contributors

Tokens will be the driving force in the ecosystem’s digital economy. Users will need tokens to create challenges, bets, prize funds and in-app purchases. Eristica will have integrated an in-app interface for the purchase of ERT tokens from the exchanges for its current price. Users will be able to pay from an attached credit/debit card, local payment or cryptocurrency. This will create an increasing demand and solid liquidity for ERT tokens among Eristica’s community.
Platform expansion through the integration of products and services from third party developers. Creation of additional services for users and use of tokens as a single form of payment both within the ecosystem and on partner sites. This will drive additional value for ERT tokens.
Part of commission fee will be distributed to the Challenge Fund, that will fund promotional activities, as well as integration with third-party services.
Expansion of the user base through the platform’s expansion to the regions of Southeast Asia, India, Europe and North America. Starting from 2018, local smartphone producers will pre-install the Eristica app on new smartphones. Potential growth from the cooperation targets around 500,000 new users in the first quarter of 2018. Growing user base will create new demand for ERT tokens.

The benefits for users

Never before has the Bets and Challenges industry had such freedom as it has now in the timesvwhen blockchain technology is so popular. Users will thus get the freedom to monetize their talents, skills and abilities by winning in challenges. They will do so by participating in challenges with individuals, major brands and celebrities or making predictions on the winners of ongoing events.
Moreover, Eristica will set a commision fee at 3% for all type of events. That will create a global minimum for Bets and Challenge industry.

The benefits for crypto community

Integration of the wallet in the accounts of more than 1,200,000 users of Eristica is expected to make it one of the mass mobile cryptocurrency wallets in the world.
Cryptocurrency has been known to be quite complex and only popular among tech enthusiasts but future developments of cryptocurrency are aimed at simplification targeted at many users.
The Eristica project considers the promotion of the crypto-economy among young people to be one of its main goals. The project is thus looking to bring in millions of young users to the cryptoworld.
The first tokens in this platform will be a new starting point for the future generation of crypto-enthusiasts.

Eristica network token (ERT)

The Eristica Token (ticker: ERT) is a vital part of the Eristica network. The ERT will enable users to participate in bets even with celebrities, get rewards for winning challenges, make money off successful predictions and buy access to platform’s services.
The ERT also operates in decentralized governance which makes it possible for users to have an influence on solving disputable situations when voting for winners in a challenge.

Contribution period