Topic: [ANN][OpenBeta] FirstBlood.io - Come Play!! 1ST Esports Competition Platform (Read 124288 times)

mmh where did the ico money go, who was involved, for sake of history:
The FirstBlood team includes names like Joe Zhou, co-founder and CEO of Alt-Options, Zack Coburn founder of EtherOptt, a decentralized options exchange built on Ethereum. Joey Krug, core developer at Augur, the decentralized predictions market built on Ethereum, and Mikko Ohtamaa CTO and co-founder of LocalBitcoins, the largest p2p Bitcoin exchange in the world.

raised $5,500,000 at Initial Token Price$0.0692, with now at $0.05, so contributers not too bad off with potential to exit early on solid profit. > no need for 

https://twitter.com/FirstBloodChain interesting, looks like not that dead.

I think you're confusing the services a product is delivering with the financial returns.

Ethereum has delivered a lot of working products, even though the network itself has many issues which hopefully will be fixed after ARK starts stealing their customers since ARK offers a superior technology.
On the other hand, 1ST has done nothing more than selling some tokens that never had any utility (and I'm assuming here that they run an ICO at some point in time, but I could be wrong).

I don't really give fuck to that firstblood project, got just few coins to play with and they are free for me considering their price and my ROI. But I can say the same about ETH which delivered absolutely nothing, no PoS or hybrid, no scaling, no unstoppable apps (DAO case). If they really will come up with an utility for this token like witness nodes with penalty for false witnessing, the rewards in 1ST instead of payskrill bullshit it could be at least a jack shit.

ETH Tokens are relativly cheap & easy to maintain compared to Coins with a real Blockchain.
The Ammount of given Fucks about the Implementation of their Token is still small to none.

9Figures and still nothing in Return is absolutly Cringe.
Even for Crypto Standards.
lol

Looool that's true! They used to be there but got delisted more than a year ago. I haven't seen any official announcement from the team though.
Only a BTC-1ST market but still a listing nonetheless!

I'd like an ETH-1ST market personally.

Bittrex listed it back today, I am not sure they did it just for fun so perhaps some blockchain development is going under the hood and team is in touch with bucket shops. AFAIK listings never happen without some representatives contacting bucket shops.

Yes, and can we leave the thread die as well please? Let us stop resurrecting it!

PS: The project itself isn't dead: https://www.firstblood.io/ but they seem to have abandoned the idea of cryptocurrencies or they just used 1ST token as a way to gain popularity in the boom era. In any case, I wouldn't support these guys who didn't even post an apology or an explanation about their token.

dead project？

Buying tokens in ICO projects was always an extremely high risk thing, and a lot of people are learning that just because your BTC/ETC was 'worth' $xx doesn't actually mean you held money. Some people made more internet money through ICO's, some lost internet money. It happens.

Repost from February 26 2018;

Let's look briefly at firstblood.io source of funding, as stated on https://www.crunchbase.com/search/funding_rounds/field/organizations/funding_total/firstblood firstblood.io recieved 6.1 millions USD through it's private sale (VC funding round, stated on crunchbase, but I think it was a private sale, correct me if I'm wrong) and 5.5 millions USD through it's ICO. That's 11.6 millions USD total, as you can see on https://coinmarketcap.com/currencies/firstblood/#charts, as of now the market cap of circulating supply (some concerned have been raised by a reddior about the actual amount, as it was stated by 1ST team that the tokens kept by the company wouldn't be released until the dApp would be fully released and mass adopted; here is the link to the reddit post; https://www.reddit.com/r/FirstBloodio/comments/7zx149/founder_lockup_transparency/) is 25,113,948 USD, so still above ICO price in term of USD raised, but in term of BTC and ETH, which was raised during the ICO, which EVALUATED MUCH (ETH was around 13 USD, now is 855 USD; BTC was around 600 USD, now is 9660 USD) since the 26th of September, so from historical data from coinmarketcap.com on 28th of september 2016, the 1ST token was worth 0.00025112 BTC and is now worth 0.00003 BTC and went below followed by the Bittrex delisting message on the Bittrex website which is the biggest exchange trading 1ST tokens in term of volume.

Let's take it from there, how did we learn about the 1ST delisting? Through a message directly from Bittrex. No pre-announcement by the team, absolutely no notes or announcements on either the website, discord channel, twitter account, or the dev team blog. Also note, no post or announcements after the delisting from bittrex, members (I am guessing other concerned investors) have tried to reach through the different platform mentioned above to try and talk to the team to wonder what is going on. My feel on firstblood is that so far, it is SOLELY focusing on it's gamer community and absolutely not on it's investors. Great lack of communication concerning financial aspect of the firstblood ecosystem. A dire example of this lack of concern for it's investors, is that the only place where you can basically, talk to the team about concerns, developments, etc. is on their discord channel, and it is strictly forbidden to talk or discuss 1ST token price of any financial aspects, which is in my opinion ridiculous.

We all remember the massive firstblood pump and dump of this summer from June 13th to July 10th, the graph on CMC speaks for itself, when firstblood was paired 1ST/CNY which were subsequently closed due to the china exchange ban. So here is my REAL CONCERN;

Firstblood.io knowing that the chinese government would eventually close its exchange in an undisclosed near future because of Mr. Zhou, who, I think must know finances, being managing partner of a crypto hedge fund; https://www.crunchbase.com/organization/newblock-capital and founder of https://www.crunchbase.com/organization/alt-options-llc and stay on top the news, and even private news from exclusive members group, let 1ST main volume go through from 1ST/CNY and on the chinese exchange ban news all chinese whales that pumped the price hard for a month dumped hard in a very coincidental timely fashion with Mr. Zhou travels in China. Raking in thousands of BTC from investors, volume being 71.8 mln is USD daily volume on the hardest day of the pump, BTC being around 2.2k USD. This is pure extrapolation and hypothesis. But market and price manipulation is very very common in the cryptocurrencies ecosystem. And with the NOTORIOUS Firstblood.io radio silence over anything NOT related to gaming tournaments, additional features to the platform or various partnerships. It is really REALLY concerning. I do not think I am the only concerned investor here. We will await an explanation.

Update:

SCAM project do not invest. If anyone living in the US would get them investigated by SEC let me know.

Is there any news why it started to go back up lately ?
Or just based on Market Cycles ?

Exactly.

There's no reason that this token is even listed on any exchange.

Why do you think so? There is literally no volumes, doesn't look like someone was buying

Don't expect anything, the team has completely forsaken this.

If you're looking for a gaming blockchain, check Zenzo.io (you can buy/sell game keys with ZNZ coins!)
If you're looking for a decentrilised game, check Axie Infinity

It all looks like insiders have been loading up before news, will be interesting to watch.

Asians  

these guys even aware that they received 9figures of funding and better implement something token related ?

They will, but they seem to have nothing to do with the cryptocurreny.
They either found the use of crypto hard to implement or they just though they'd use 1ST to scam people into financing them and also doing some marketing.

Last time I spent some time on FirstBlood, they were accepting USD in their platform and supposingly there was an option to withdraw USD. Completely no usage of 1ST tokens.

So these events or TOURNAMENTS that  have available on the website will not occur?

Firstblood was one of the most successful icos.

They made 9 FIGURES IN DOLLARS!