Topic: [ANN][ICO] ZoneX - eSports Platform for 350 million people - page 28. (Read 2969 times)

Dear participants of the Bounty campaign. The weekly report, with the distribution of tokens earned by you, has been updated. You can will familiarize.
https://zonex.io/files/Weekly_report_2.xlsx

Our new adviser and partner is Saeed Sharaf.

Saeed is one of the leaders of e-sports industry in the Arab countries and North Africa. As the project progresses Saeed Sharaf will help localize the project in the Arab countries, because the local mentality and culture are very different from the European and Russian ones. With that in mind we need a partner who knows perfectly well the local eSports market and the values of the local audience. More detailed information about Saeed:

A serial entrepreneur and investor with 12 years of experience in VAS, Information Security and Digital Marketing, currently dedicated for eSports.
CEO eSports Middle East
eSports Middle East (ESME) is the fastest growing professional gaming organization in MENA and the No.1 source for Arabic esports content:
2014 – Launched region's first Arabic esports portal.
2015 – Exclusive partner - World Series of Video Games – Regional qualifications.
2015 – Official recognition - Arab State League - Arab Tourism Organization.
2016 – Regional member - Esports Integrity Coalition – Middle East & North Africa.
2016 – Exclusive partner - World Cyber Arena 2017 – Middle East & North Africa region.
2016 – Esports content provider – Huawei MEA.
2017 – Official confederation - World eSports Consortium (WeSCO) - MENA region.
2017 – Regional Member - International Esports Federation (IESF) .
2018 – Exclusive partner - Esports World University League (FISU Web Games) - Middle East & North Africa.

WeSCO (World eSports Consortium)
Member of the International Advisory Board Committee. Advisory Board for the Middle East & North Africa region.

I'm sorry I've been answering your question for so long.
This is a good and interesting question. Thanks.
The price of the token depends on the demand, that is, on the growth of project audience.
At the same time high demand is restricting the price growth. Thus, "the bubble" that is not accordance with the development of the project is not inflated.
Example:
The cost of participation in the tournament = $10. The cost of ZNX = $1. You will need 10 ZNX to participate in the tournament.
1000 participants will buy the 10000 ZNX. The price of the token will increase accordingly.
Next. The price of the token rose to $2. Now you will need 5 ZNX tokens to participate in the tournament for $10. Thus, now 1000 participants will buy the 5000 ZNX tokens. The price will fall.
This is a very rough example. It overlooks the fact that the prize winners will sell the won tokens. There are other users of the platform who also will buy and sell tokens and paying with these.
Since the main turnover of tokens will take place through tournaments, it is the number of tournaments participants that will affect the cost of the token. At the same time the cost of the token will affect the demand. The higher the price, the fewer tokens are required for tournaments. The lower the price, the more tokens are required for tournaments.
Tournament buy-in are fixed. This approach helps to keep the price in a certain price range, making the token more reliable and stable. We plan to avoid a hyperinflation of the token.

it seems that this project is promising and interesting to follow, who want to join this project soon join to enliven this project so that later will become developed and successful.

Vote for ZoneX project. In success the project will be supported in the ICO by the "ICOBox" platform.
https://icos.icobox.io/projects/3499

Alright, thanks for sharing. I going read it to get more knowledge about this esports platform. I know there is a lot of competition ongoing recently and I want to select the best for holding in my portfolio because the esports business will be more booming in the future.

joined the bounty program
hopefully success !!!
https://goo.gl/9mbHEX

Welcome!
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Thank you, I look forward to your well thought out answer. I am planning to purchase a minimum of 5k zonex token during the presale which if the token eventually goes up to a dollar each, then that would mean I turned 500 bucks into 5000 bucks (which is still decent profit for a crypto)...but if it's potential is even higher then I would be even more happy

I will answer you in more detail a little later. The answer will take time.

We don't use the blockchain. We use smart contracts. This is a significant difference.

why do you need such a thing on the blockchain? to get eth? It does not work with normal internet as it is available all over the world now. ? I do not understand why you need the blockchain for this

Hey guys I read your white paper yesterday as this ICO seems very attractive to a pc gamer like myself who follows the esports world. They say when deciding what to invest in you should choose industries you have a passion for and I have a passion for gaming.

With that said I just want some clarity on the potential of this token. I understand it will be used in all monetary transactions within the zonex ecosystem, I saw in the white paper examples for if the token became worth 1 dollar but I didn't see models for if the token became worth 100 dollars or 1000 dollars. I guess my question is, is the potential of this coin capped at 1 usd or is the potential just like any other crypto where it can explosively increase in value? If a ticket price to a game tournament is 30 dollars and 1 zonex token is worth 100 dollars, is it possible to see a time where people show up to one of your tournaments and pay .3 zonex to get in? Is there a top cap on the potential price of these?

Thank you)

White paper is in English https://zonex.io/files/white-paper-en.pdf

it is nice project , must have good team work Great and potential project !

Thanks for the detailed answer. Just tried to download the whitepaper but it looks like it's in Russian 😁. It's a bit difficult to read for an European 😀.

That's a great question, thank you!
Now the eSports industry is under powerful development and becoming more popular every year. That is why there are more and more projects with various decisions for the eSports industry.
I respect all eSports projects and don't want to say that they are bad, and we are good. No. Everybody has their own tasks. I can tell you how our token is useful:
All financial interactions between the platform participants will be carried out using smart contracts:
- Buy-in in paid tournaments;
- Distribution of prize funds;
- Buying / selling of goods;
- The distribution of prize money between team members;
- Payment of rewards to coaches;
- Payment of rewards to referees;
- Publication of content with subsequent remuneration for authors.
As Fiat money cannot be used with smart-contracts, this will require a digital accounting unit, which will have a cost - it is a token. ZNX token is the Utility token. It is used for transactions between users of the platform and also between the platform and users.
One component of our platform – It is the real possibility to earn playing your favorite games.
That's why it is crucial that no one of the users was deceived by someone.
You can read more detail about the project in the White paper.

Seeing here another game token.
Why is this token better than the other esports tokens who are also ongoing?
See a lot of gamingtokens appearing the last days, I know this concept can be booming but like to know why the one is better than the other

Yes, of course, there is a plan. During the week, we will sign a cooperation agreement with a new Advisor, one of the leaders of the eSports industry in the Middle East and North Africa (MENA). After that, I will be able to tell on a more understandable example how we plan international expansion.