Today we will talk about Yamzu, the project which works in the field of browser-based eSports where gamers can monetize on their winnings without leaving the comfort of their homes.
About the Project
Yamzu gaming platform works to make the eSports environment convenient for gamers where they could make profit. The industry is developing very fast, rules and conditions are constantly changing, that all impedes professional gamers of getting legal compensation for their winnings.
Yamzu is designed as a valid browser-based eSports tournament platform. The Yamzu platform allows to hold eSports competitions by any player anywhere on the planet. The Yamzu website is currently governed by a centralized system that controls every function available on the platform. It was designed to be fast and efficient.
The project’s team claims that the Yamzu system is powerful enough, but it was decided to use the blockchain technology for more efficient customer service and through the use of own cryptocurrency - Yamzu token. Players will be automatically paid after the end of each match or tournament through a system of automatic distribution of the prize funds. Thanks to the implementation of smart contracts each transaction will be executed automatically and sponsors and users will send and receive money to their wallets.
The project analyzed its competitors such as ESL, Face IT, Challengeme and First Blood and showed the benefits of using Yamzu platform.
The whitepaper says that Yamzu is an existing Swedish gaming company that has been operating since 2016, which is actively working on promoting its brand. The audience of the project comprises more than 10,000 players.
Yamzu has already earned and allocated a significant part of the income into the development, so the project wants to reorient the potential funds that can be obtained through the token sale into a further expansion of its business.
Overall score: Good working platform
Tokenomics
The project seeks to expand its business by using the blockchain technology and creating its own cryptocurrency - the YMZ token, which is an ERC-20 token.
The project plans to conduct all transactions on the new Yamzu platform through YMZ and no other currency will be accepted. According to Yamzu the introduction of a new cryptocurrency will take from 3 to 4 months. Yamzu will open a platform for sponsors and affiliates to complete transactions using methods such as advertising and promotion and take full advantage of using tokens.
Players will have access to a mini-internal exchange, where they can exchange fiat money into Yamzu tokens. After that, the following functions will be implemented on the platform: a cryptocurrency exchange and prize payouts.
ICO is scheduled to be held during October 2018, soft cap is $3,000,000, hard cap is $13,000,000 in ETH.
Distribution of funds after the sale token is as follows:
Yamzu implements the token burning mechanism to ensure that the value of tokens will remain elevated. This mechanism assumes that 5% of tokens received by Yamzu as payment for each tournament will be burned.
Overall score: Usual
Team and Community
The team consists of 8 core members and 10 advisors. Yamzu has two co-founders, CEO Asiad Majeed and CTO Hristiyan Nikolov, who have been at the forefront of the company since its launch. At the same time the biographies of the founders don’t contain any information about their experience in ICOs or blockchain projects, only about what university they graduated from.
The project has a blog where it talks about the development and ICO stages on their accounts in Twitter, Facebook, Instagram, Medium, Youtube, Bitcointalk, Telegram and also post articles in various media outlets. The project is involved in the listing of rating agencies.
However, it’s almost embarrassing that the project’s audience on all these resources is very small - the largest number is on Facebook with 4,650 followers.
Overall score: Poor
ICO Details
Total Supply Unlimited
Soft Cap $3,000,000
Hard Cap $13,000,000
Additional Emission Yes
Accepted Currencies ETH
Token Type ERC-20
Token Price €1
Bounty Yes
Sale Starts October, 2018
Sale Ends 2018
Summary
This time we won’t say that the eSports market, in which the project operates, is highly risky and the problem of making profit by gamers is really acute. Let’s just say that the gaming industry is actively developing and worth to pay attention to.
Yamzu is a working platform for gamers of Counterstrike Global Offensive and League of Legends with an audience of over 10,000 people (according to the team). The audience is quite small in comparison with such giants as ESL. For business development (launching a blockchain-based platform) and attracting users, the project has decided to attract additional funding through an ICO through a rather insecure ERC-20 token instead of accumulating money through contacts with their existing sponsors. Such a move looks illogical and could be a cause for some scepticism regarding the future business success of the project.
Another strange thing is the fact, that almost half (49.6%) of all collected fund will go towards events and marketing, and not on the development of the platform. Of course, marketing is extremely important in the promotion of the project, but don’t forget about the technical part, within which highly skilled blockchain specialists must participate in order to deliver an outcome on time.
But we will believe that the Yamzu team knows what it wants to do and how to realize its plans, because the team has already collected the soft cap, which means investors believe in the future of the project.
Click here to visit Yamzu page in the list of our ongoing ICOs.