This is a review of HERO – a blockchain betting ecosystem

There are a lot of upcoming ICO and it is quite hard to decide which one is the best to invest. With this review, I try to give you a little inside about HERO an upcoming ERC-20 Token and betting ecosystem.

I will NOT explain everything in Detail because their Whitepaper and Website are amazing and you will find everything you need to know, still I would like to mention the most important points about the ICO and the Token itself.

What is it?

As already mentioned HERO is a decentralized betting Token, based on Ethereum. The developers want to create a whole ecosystem, starting with their own, already existing platform (herosphere), and easy to implement on other platforms. The focus will be on e-sports betting, a massively growing market!

The main benefit, as most other currencies/tokens, it is decentralized and fully transparent.

The goal is to revolutionize the whole betting system by cutting out the middlemen and reduce the fees and unfair methods of online betting. They also want to overcome the bad reputation of online betting.

Who are they?

This is one of the main reasons why I will contribute to the ICO.

The company is based in Vienna, Austria. The core team consists of impressive people who already have a lot of experience with successful Start-up’s and running a business.

There are also some investors like Michael Altrichter. He is a famous Austrian investor known from Austrian “Shark Tank” and founder of paysafecard which is a safe and uncomplicated way for online payments.

To be honest, he is a huge plus for the project and the reason why I first paid attention to HERO. He is an expert regarding computer technology and online monetization.

How to contribute to the ICO

HERO coin works like most other Ethereum based tokens.

In my opinion, the easiest way to join is via Myetherwallet by sending the amount you wish to invest to their ETH address. After the transaction, you will automatically receive the HERO tokens to your wallet.

The initial supply during ICO will be 600 million Tokens while the total amount is capped at 2 billion.

The aim is to raise 14m USD, which means $0,024 per Token which is an amazing price in my opinion.

The exchange rate will be 1 ETH = 8500 HERO.

This rate can still be changed slightly before the start of the ICO depending on the Ethereum price (which means the $0,024 is fixed!).

Many people will say that the total supply of 2 billion tokens is way too much for a huge rise of value but this should be a long-term project (at least until 2019) and think of the price which is not that much.

How will the raised money be used and what is with the 1.4 billion tokens which will not be distributed?

Ethereum Proceeds

• 40% Hero Development

• 30% Sales & Marketing

• 12% Third Parties (PR, engineering, Marketing, Affiliate programs…)

• 10% Administration (legal, security, accounting..)

• 8% Contingency (unforeseen costs)

Total Supply of HERO

• Total Tokens: 2 Billion

• 30% Token Sale

• 15% Team Pool

• 20% Development (Employee expansion, future Development)

• 20% Marketing & Partnerships

• 8% Esports and Third-Party Implementation Fund

• 7% Company Cold Storage and Betting Reserve - (Liquidity & Backup

Source

I think the numbers are very reasonable. Nothing to complain here.

How to use the Tokens and Holder benefits

The Token can be used on every platform of the ecosystem as a wager to win more.

They will be tradeable on various exchanges short after the ICO.

Token Holders will get dividends. The Token will take at least 1% of every betting pool and distribute it to the holders of HERO. That means as more people join the network and use the token the higher your rewards will be. Providers of competitions can choose how much of the pool will be distributed to the holders but it is always at least 1%.

The snapshot below explains it probably better than I do :-p





Why should you buy HERO instead of Unikoin Gold or Gimli?

Of course, Unikoin Gold is a considerable alternative and the list of the current investors, mentioning Mark Cuban and Ashton Kutcher, is impressive. BUT Unikoin already raised approximately $10 million (HERO in the first investment round €250k) and they are not significantly further with development than HERO.

Gimli is fairly new and it is hard to say right now what exactly they are aiming for and the community is hardly available.

Also, it seems like HERO is kind of flying under the radar of the majority so this is a perfect opportunity to be one of few who get it at a steal price.

You should invest…

if you are a long-term investor

if you like e-sports

if you like to earn some money

if you believe this can be huge

if you be patient enough to hold for at least 2 years

Conclusion

The ICO starts on September 14th, 2017

It is an Ethereum only ICO with an exchange rate of 1 ETH =8500 HERO

The Dollar price is $0,024

ICO Supply 600 million

Total Supply 2 billion

It has a talented team and investors with a lot of experience

They are working with the leading law company concerning cryptocurrencies in Austria

HERO is an online betting (mainly e-sports) Token and eco system which can be adapted easily to other platforms. (scalable!)

It is community focused and has already a working platform!

edit:

The guys are super responsive! If you have any questions just ask them directly on the Website and they reply within a few minutes (as long as you are in the same timezone ;-) )

Further Information

Website HERO coin

Website herosphere platform

Whitepaper

Marketing Video from HERO on YT

