Tokenized Tournaments

Last updated 2 years ago

Tournament Creator; originates the tournament and establishes the prize pool. The prize pool is a Secondary token denominated and serves as an incentive for gamers to join the tournament. While they play for free, they do reward their attention in exchange.
Gamers; need to have a Player Card to participate in the Free Tournaments. Winning players receive a set portion of the prize pool (~90% by default). Winning the tournament is not the only possible criteria to receive rewards: various other in-game achievements can be set to be eligible for Secondary token rewards.
Colizeum; provides the platform where Tournament Creators, Game Devs, and Gamers collaborate; in return receive a per cent of the total prize pool (~3% by default).
Game Devs; must stake tokens for their game to be eligible for hosting tournaments. The stake can be delegated by the community or other interested parties. They also qualify for the remaining ~3% of the prize pool.

The setup of Free Tournaments is most suitable for large influencers who have sponsors willing to reward players’ attention.

Tournament Creator; sets up the tournament and the prize pool target size. Creating a tournament requires having $ZEUM staked. Tournaments hosted by Creators with a higher $ZEUM stake rank higher on the UX and are more likely to attract gamers’ attention. ~3% of the prize pool ends up in the Creators' wallet post the conclusion of the tournament.
Gamers; have to put up a $ZEUM prize pool (that can be delegated) effectively depositing a fixed minimum contribution or a higher one and holding a Player Card. The amount contributed will define one's pro-rata allocation if eligible (e.g. winning the tournament). ~90% of the total prize pool is distributed back across the winning players (or likewise, those who have satisfied more exotic criteria based on the in-game achievements).
Colizeum; receives ~3% of the Prize pool for providing the platform.
Game Devs; must stake tokens for their game to be eligible for hosting tournaments. The stake can be delegated by the community or other interested parties. They also qualify for the remaining ~3% of the prize pool.

Last updated 2 years ago

Tournament Creator; originates the tournament and establishes the prize pool. The prize pool is a Secondary token denominated and serves as an incentive for gamers to join the tournament. While they play for free, they do reward their attention in exchange.
Gamers; need to have a Player Card to participate in the Free Tournaments. Winning players receive a set portion of the prize pool (~90% by default). Winning the tournament is not the only possible criteria to receive rewards: various other in-game achievements can be set to be eligible for Secondary token rewards.
Colizeum; provides the platform where Tournament Creators, Game Devs, and Gamers collaborate; in return receive a per cent of the total prize pool (~3% by default).
Game Devs; must stake tokens for their game to be eligible for hosting tournaments. The stake can be delegated by the community or other interested parties. They also qualify for the remaining ~3% of the prize pool.

The setup of Free Tournaments is most suitable for large influencers who have sponsors willing to reward players’ attention.

Tournament Creator; sets up the tournament and the prize pool target size. Creating a tournament requires having $ZEUM staked. Tournaments hosted by Creators with a higher $ZEUM stake rank higher on the UX and are more likely to attract gamers’ attention. ~3% of the prize pool ends up in the Creators' wallet post the conclusion of the tournament.
Gamers; have to put up a $ZEUM prize pool (that can be delegated) effectively depositing a fixed minimum contribution or a higher one and holding a Player Card. The amount contributed will define one's pro-rata allocation if eligible (e.g. winning the tournament). ~90% of the total prize pool is distributed back across the winning players (or likewise, those who have satisfied more exotic criteria based on the in-game achievements).
Colizeum; receives ~3% of the Prize pool for providing the platform.
Game Devs; must stake tokens for their game to be eligible for hosting tournaments. The stake can be delegated by the community or other interested parties. They also qualify for the remaining ~3% of the prize pool.