March 9, 2023 — eSports gaming marketplace Moxy.io has announced the launch of its “eSports for ALL” Beta Challenge, where gamers compete in eSports style gaming for a prize pool that contains $100,000 cash, MOXY tokens and collectibles..
The upcoming Beta Challenge is considered a major milestone in Moxy’s roadmap, as it aims to thoroughly stress-test the platform’s various components while onboarding eSports competitors ahead of the eventual platform launch and Token Generation Event (TGE).
The project, which furnishes players with on-demand competitive gameplay, leverages blockchain to facilitate real-time transactions and ensure players are protected from fraud and hacking.
In the Beta Challenge, participants will seek to win games against other players to accrue points and progress through four ‘seasons’. At the conclusion of the fourth season, those at the summit of the Moxy Leaderboard will receive prizes including cash payouts (in the USDC stablecoin), native MOXY tokens, and Moxy Collectibles.
Although the value for each prize level will not be revealed until the official launch of the Moxy platform, the total pot for the contest is $100,000 – not including MOXY tokens and collectibles. Players must be 21 years or older to enter the Challenge.
To participate, players should sign up, create a Moxy Club account and complete KYC, after which they will receive the 1,000 MOXY testnet tokens required to to face off with other eSports competitors. Players can also earn a bonus 50 MOXY tokens for every referred player who subsequently completes the signup and KYC process.
QUOTE FROM MOXY HERE
Competitive eSports is big business. Last year, popular multiplayer online battle arena game Dota 2 boasted a prize pool of $32.85 million, and the industry as a whole is forecasted to grow to a value of $3.5 billion between 2022 and 2027, per Technavio.
Moxy aims to elevate this fast-growing industry, which it says is still largely reserved for elite gamers who compete as part of professional teams at invite-only events. The blockchain-powered platform makes eSports gameplay available to everyday gamers, with real rewards flowing into the hands of the winners.
What’s more, Moxy intends to integrate popular games, enabling players to play an eSports-enabled version of their favorite releases and earn lucrative real-money prizes. Game developers and publishers are thus empowered to implement eSport game modes and reach new players via the Moxy.io platform and integration stack.
About Moxy
Moxy.io (MOXY) is the first company to deliver on-demand eSports for all gamers. Powered by blockchain technology, the platform is built around a global gaming token that all players can use in competitive gameplay.
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