Herocoin -the future token

Herocoin promises to revolutionize online betting in the eSports industry. Find out how the platform plans to accomplish that ambitious task today in our Herocoin review.

What Is Herocoin?

Found online at Herocoin.io, Herocoin is an online eSports betting platform based around a cryptocurrency called Herocoin, or HERO.

The platform’s ICO is scheduled to begin on September 14 at 14:00 UTC. During the ICO, the Vienna-based development team will make 600 million tokens (out of a 2 billion token total supply) available for sale.

Overall, the goal of Herocoin is to solve problems in the eSports betting industry by creating a provably fair platform designed with bettors – not the house – in mind.

How Does Herocoin Work?

Herocoin, or HERO, aims to radically change the centralized world of online betting. Today, most gambling and betting websites are centralized. They lack transparency and security for users. HERO wants to introduce a different model where anyone can join or create games on the Ethereum blockchain.

HERO enforces active and passive income streams for all participants in the ecosystem. The transparent and decentralized betting process breaks the traditional paradigm of “the house always wins.”

In more straightforward terms, Herocoin wants to implement a trustless betting system built on the Ethereum blockchain. This leads to a fairer, more transparent, more player-friendly betting and gambling process.

Obviously, these benefits are similar to every other blockchain-based gambling platform on the internet today. How does Herocoin plan to differentiate itself from the competition?

HERO’s ecosystem consists of game creators and players. Everyone is able to participate by simply joining or creating games. The whole community benefits from the growing activity as every HERO token holder is guaranteed to receive a small amount of commission from all played games.

Additionally, anyone who creates games on HERO will earn a special provider reward.

To break it down in a way that’s easier to understand, the HERO ecosystem revolves around three parties:

Token Holders: All token holders are guaranteed a general reward out of all the distributed prize pools.
Players: Game winners receive their respective part of the prize pool.
Game Creators: Game creators are rewarded for their effort to create and manage games.
All of this activity takes place on a website called herosphere.gg. That website, which will launch in February 2018, will allow users to predict events that occur in eSports games. Your prediction will compete against the prediction of a friend or member of the community. You win points and money (in the form of HERO) for accurate predictions. However, you can also avoid playing with real money and win prizes in exchange for your correct prediction.