The RankingBall ICO is scheduled to start on the 21st of May, they've already raised $3 million from their pre sale so it's sure to go ahead.

https://rankingball.io

It is actually somewhat of a surprise that there are not a whole host of games that use the blockchain or cryptocurrency as a key part of its strategy. You would have imagined that this technology would have been perfect for this industry but it has just failed to take off in the manner that it should have so far, with many of them being ponzi schemes.

Step forward Rankingball because this is a blockchain application and cryptocurrency that is dealing with both sports and e-sports where they incorporate the technology available in what they state as being a new and innovative way. Of course, prior to potentially investing in the ICO, you are going to want to know more about what they are doing.

What is Rankingball?

Rankingball claims that it is able to get those idle spectators of sports to become more interested in what is going on with a play by play basis. They state that their approach is going to go far beyond that of normal play by play interactions or in-game betting, which is quite a statement to make considering how huge that particular industry can be.

They do all of this by using blockchain technology and creating an ecosystem that is capable of rewarding the fans, esports creators, players and even streamers. In other words, they are attempting to cover every single base via their platform, which does mean that they are going to increase their chances of being a success.

In other words, this is a betting and gaming platform for sports and esports with the cryptocurrency created by Rankingball acting as the fuel for the bets as well as the way in which streamers and players will then be able to monetize their content.

The Technical Aspect.

The platform that Rankingball has decided to use is Ethereum which should come as no real surprise. This brings with it a sense of stability and security with anti-fraud measures in place which is key when you are dealing with gambling and people waging money on the outcomes of things.

The way in which it works from a technical perspective is pretty straightforward. The individual that wishes to place the bet does so by stating how much they are betting and on which outcome with this being created via a Smart Contract. Also, the fact that this is placed on the blockchain means it cannot be altered and both parties involved in the transaction know what is to be expected from either side.

Upon completion of the play, and the result of the bet having been decided because of this, the exchange of cryptocurrency takes place with it being transferred via the hexadecimal account details into the corresponding wallet. It really is as simple as that.

For those that wish to stream their content and charge, then this is also possible via the blockchain on this platform. At that point, the digital currency is used to purchase access with this also being done via a Smart Contract.

The Advantages of Rankingball.

With this platform, they make it easy to stay anonymous with all of this thanks to them using the blockchain. Also, with it being based on Ethereum, there is that security aspect with your data not being at any risk due to the decentralized approach that they take. This should provide users with some degree of confidence in using the platform compared to normal betting websites where the potential of data being stolen remains very high.

The Financial Aspect and the ICO.

If we then look at the financial aspect and the ICO for Rankingball, then we get a better insight into the potential of the company. This may very well help you when it comes to making your decision as to whether you should invest or not.

For the ICO, they are only planning on accepting ETH, which is not going to prove to be a problem. They have also stated that there will be a minimum investment limit of 0.1ETH which could put off some potential investors if there is any uncertainty as to whether or not this is something that they should go for. However, the minimum investment is still lower than other opportunities out there.

The company has also placed both a soft and hard cap on the ICO. The soft cap has been valued at $3,000,000 while the hard cap is higher at $30,000,000. The token is known as RBG and for the ICO there has been an exchange rate created of 1 ETH equating to 50,000 RBG.

Also, 50% of all tokens minted are going to be available at this time with the remainder being left for public sale and to act as the ongoing fuel for the entire project. Bonuses will be made available during the ICO with them diminishing over time.

Overall Conclusion About Rankingball and the ICO.

So, should you go and invest in the platform during their ICO? While there’s no doubt that the play by play and esports betting market could take advantage of blockchain technology, there’s nothing that different about what the project is offering compared to several other options that are out there. However, the market is big enough that there can be more than one option without others being negatively affected.

Their main concern is going to be how they get enough people to switch over to their platform but that’s why they are going to invest a lot of the money raised in the ICO on the marketing aspect to give them a chance of success. If they can do this, then this platform could become established and result in a substantial amount of money being exchanged on a regular basis.

Investing in this project should only really be something that you do if you are familiar with this market and are aware of the size. They are not doing anything special from a technical point of view, but considering those that are involved in the likes of esports are generally up to date on technology, then using cryptocurrency and the blockchain should not put them off. For that reason, this could end up being a rather worthwhile investment.

https://rankingball.io

Whitepaper: https://www.scribd.com/document/372502435/Ranking-Ball-Gold-White-Paper

Check out my other ICO Reviews:

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https://steemit.com/crypto/@dan90/xmoneta-ico-review-messaging-app-on-the-blockchain