tThe Global Decentralized Platform Of Personal And Mass Challenges On Smart Contracts : ERISTICAL

The project concept

Eristica is a revolutionary P2P-platform that drives participation in challenges and online competitions. The project was launched in 2015 and has already got more than 1.2 million users. The platform enables each participant to launch and accept challenges, provide video footage of challenges completed and get ratings based on the results. Eristica users are also allowed to generate viral content with the videos of challenges getting millions of views on YouTube, and the winners becoming stars. The system of rating, reputation and ranking creates a powerful incentive for active participation. Competitive incentive makes players fight for top places in the rating, in the quest for fame and prizes.
With the help of blockchain technology, the Eristica project intends to overcome the obstacles faced by the industry and create a single ecosystem for both offline and online competitions.
Tokenization of the platform’s economy will offer the opportunity to get a reward for winning challenges, receive virtual reward from successful predictions and buy access to all services of the platform. Eristica is a universal platform, where each member of the community benefits from the synergy created within the ecosystem.
Why choose Eristica?
As an Eristica user there are certain privilege and benefits which you will achieve from it. Money related pointers and charges in the business of Bets and Challenges are not uniform what's more, now and then the difference can be extravagant. Wagers are normally subject to bookmaker or then again intermediator firms implying that the charges can ascend to 20%. For instance, stages with challenges among youngsters charge a 10% expense while on the web and eSports rivalries charge 5-10%. All things considered, Eristica sets a solitary wager for a wide range of wagers, difficulties, and rivalries, that is 3%. This will undoubtedly turn into a standard in the business and make a stream of clients from more costly stages. Check beneath to see the diagrammatic illustration of the fee comparison and analysis.

Synergy

Eristica will also create a platform where different types of people can interact with each other thus creating a level of synergy in the process. The young demographic who perhaps have never dealt with crypto-currency before, will get an opportunity to try the products and services in the crypto-industry. This will create a new inflow of users and speed up the process of introducing crypto-currency into the masses.

CONTENT MARKET IS GROWING

The online video market in 2017 for the Asian region was estimated to be worth $13 billion. The share of challenge videos is approximately 4% or $510 million. It is estimated that by 2021, the entire online video market will cost $35 billion, with a $1.4 billion share of Video Challenges, respectively.

The Eristica cryptocurrency

The main mission of the Eristica project is to create a full-fledged crypto-economy in the digital entertainment space where tokens are the main tool for all interactions within the digital ecosystem. Eristica intends to use crypto to make the democratization of challenges economy, including creation, participation and rewards for challenges more efficient, fair and affordable.

Estimates and predictions of Eristica are based on Metcalfe’s law, which states that: “The utility of the network is proportional to the square of the number of users of this network ≈n2.” 1.2 million users of the platform will add value to Eristica tokens.

Team members

In every successful organisation today it always starts from some and with some group of persons which come to share ideals together to achieve a certain goal, Eristica has some expertise and professionals from different field which are business owners, Designers, Developers etc, check beneath to see the diagram of most of the team members.