Bountie is a platform for gamers in Asia to make a living while playing their favorite games. By using the latest technology in Blockchain and Cryptocurrency, their platform reduces the chances of fraud and high transactional fees. This in turn will open up a new experience in esports and gaming. Bountie is not just a gaming platform. It creates an economy for gamers, which circulates tokens through an ecosystem that would also benefit shoutcasters, game referees, content creators, brand partners and merchants. Bountie’s vision did not originally set out to utilize blockchain technology, but the team decided to go down this path after considering:
1) the mainstream adoption of cryptocurrencies;
2) the fully automated nature of smart contracts for processing results and sending cryptocurrencies;
3) the increased trust and lower costs from the decentralization of the platform.
The relationship between Bountie and the game developers works in two ways: in the first instance, Bountie would take a hands-off approach with the developer, to avoid any licensing requirements. Gamers can simply use Bountie’s platform for their entire gameplay experience, which includes, but is not limited to, the organizing and execution of tournaments as well as the safe settlement of tournament outcomes.
Tournaments are organised weekly and hosted by Bountie.There will be 3 types of tournaments for their gamers to participate in. Tournament formats will be single-elimination.
Example: a total of 16 teams, head-to-head in a table format. The last 2 teams remaining will compete in the finals. As more gamers join Bountie’s platform, there will be more tournaments and even new types of tournaments.
Gamers can partake in Bountie’s weekly tournament by registering with their team and paying a nominal fee with Bountie Tokens. This fee will combine with the rest of the other teams’ contribution and will become the prize pool of the tournament.
Bountie’s partners can opt to organize a product-labeled tournament, like a Logitech 2018 tournament or Logitech Cup. The winners of the tournament will be awarded Logitech-sponsored prizes.
Free to Play Tournament
Gamers can join in their weekly tournaments with no cost or buy-in. The top 3 winners of each tournament will get rewarded with Bountie Tokens, with the champion team of each tournament added to a main event where they compete with other free-to-play champions. The winner of this main event will be awarded with gaming products sponsored by their partners with prize pool.
Lack of Monetisation
Gamers have limited ways to monetise their skills and time spent on playing games.
Limited Replay Value
Most games have a short life span of 3 to 6 months. Gamers lose interest after completing a typical game
Winner Takes All
The top 3% of the gaming community receives 90% of the investment and prize money in esports.
No Gamer Search Engine
Professional bodies have trouble finding talented gamers because there is no centralized and detailed public platform which contains accurate gamer profiles, rankings, and stats.
Not Enough Competitions
The majority of gamers are fond of participating in esports. However, the current landscape is limited in competitions and avenues for nonprofessionals and elite professionals.
Decline of Career Opportunity
The increased number of jobs nowadays is made redundant due to automated systems and AI in the near future.
TOKEN & SMART CONTRACTS
Bountie Tokens will be created using Ethereum’s ERC20 Token Standard as it enables us to control their Tokens in a formalized and standardised manner. They will be using its functions to issue, distribute, and control the Bountie Tokens.
Bountie is implementing smart contracts on their Token sales, as well as platform functionalities like player registration fee, leaderboard pool split, pool-to-platform split, and referral programs for a start. The use of smart contract will allow Bountie to take advantage of the security that the Ethereum protocol provides without having the technical complexity to monitor and execute the conditional logic needed for the above transactions. These transactions would then be verifiable via the blockchains. This makes fraud and tampering impossible.