The International eBoost Society, developing the in-game blockchain software token focused on the $1 billion eSports market, today announced that it raised more than 200 BTC (approximately $147,000) in its initial coin offering (ICO). The eBoost token is now scheduled to begin trading on the US-based Bittrex cryptocurrency exchange as soon as next week.
Created to service the growing eSports industry, eBoost allows competitive gamers to bet on their own personal performance in skill-based competitive matches. The actual eBoost token can be used in applications worldwide, including for wagering on eSports where it is legal. It will also be traded on global exchanges, starting with Bittrex, and the society promises it will soon be accepted on major gaming platforms.
“eBoost’s successful crowdsale is a testament to the fact that eSports and cryptocurrencies are a natural fit,” said Marshall Long, co-founder of eBoost. “Live trading on Bittrex and our upcoming integrations will make eBoost a viable and versatile payment option throughout the thriving eSports landscape.”
Long, who presented eBoost to cryptocurrency leaders and investors at CoinAgenda in Las Vegas last week, also shared that additional integrations and partnerships will be announced to the eBoost community in the near future.
Cryptocurrencies for competitive gaming are one of the hottest fields for entrepreneurs and investors alike right now. Back in late September the decentralized eSports platform FirstBlood raised just over $6 million in Ethereum in a new record for speedy ICO funding time for the blockchain assets ecosystem.