Gatecoin launches FirstBlood token trading

Announcements | October 6, 2016 By:

Gatecoin has launched trading of FirstBlood (1ST), the token that powers the Ethereum-based eSport platform operating under the same name. Users of the Hong Kong regulated bitcoin exchange can now trade 1ST vs BTC and swap BTC for ETH, DGD, REP, USD, EUR, HKD and soon CNY.

FirstBlood is a decentralized eSports gaming platform built on Ethereum that lets eSports players challenge each other to popular online PvP games such as League of Legends, Dota 2 and Counter-Strike: Global Offensive, and win rewards. 1ST token holders are entitled to play, watch and judge matches on FirstBlood, host tournaments and claim rewards in 1ST tokens based on gaming activity, for example, by earning a percentage of fees from watching or judging a match.

“Fun, practical blockchain applications are desperately needed if the space ever hopes to see serious consumer adoption. You can count on one hand the number of teams working on these types of projects: FirstBlood is one of them,” said Joey Krug, technical advisor to FirstBlood.

Gatecoin is a regulated online trading platform for cryptocurrency and blockchain assets.