HEROcoin has been successfully integrated with its first use case — herosphere.gg!

herosphere.gg is an esports prediction & fantasy platform, that allows you to challenge other community members without a middleman. We were free-to-play for the past 2 years and grew to over 250k users.

You will still be able to use the free-to-play version when logging in but now we have moved our product to the Ethereum blocklchain! You can create an on-platform wallet to bet with HEROcoin — in under 5min.

How does it work?

We have been talking about our own on-platform wallet creation solution & also teased you a little bit. We exclusively tested the process with our beta users so far, yet the time has come to proudly present you how to create your PLAY WALLET in less than 5 minutes. Everything you need to know about the four steps depicted below!

Starting screen and step number one: KYC

Once clicked the “wallet creation” button, you start the wallet creation process. At the very beginning we have to verify your identity, a process also known as KYC (read here in detail why). It is extremely important for financial institutions and other regulated companies, such as crypto exchanges and blockchain companies. Not only because it is demanded by legal authorities but also because it helps to prevent vigilantes from using platforms and use cases to launder money.

Jumio, our trusted KYC provider, will take care of the identification process in the background, providing great user experience, as the user is able to proceed with the missing steps in the meanwhile.

Create a highly secure password for your wallet

Do not confuse this step with your herosphere.gg login password, as this are two separate things.

We require the user to enter a strong password — a personally chosen password just like on other platforms. Without going into great technical detail (you can read up on it here), we still want to share with you why this step is needed and why it benefits you! The password is created by the user and lives in the users browser. It is never transferred over the internet or stored anywhere else. The importance here is to understand, that the password is only accessible on the user side. In addition to that, we provide a so called “server salt”. In the users browser, the server salt is then combined with the user password. The combination of both — the password and the server salt — results in a very high standard of security.

!Save your password!

Take good care of your password, just as any private key or seed that you are familiar with, we can not restore it! Choose wisely. The password has the same function as a seed, it will allow you to restore/ access your funds. After setting the password you will be able to download your private key.

Transfer funds to the platform in order to be able to bet

Next step is transfering funds to the platform: a small balance of 0.01 ETH is required, so that transaction costs can be paid. Also a minimum balance of 1000 PLAY is needed. Once reached this step you simply log in your ERC20 wallet (eg myetherwallet) that holds your PLAY & ETH funds and transfer the 0.01 ETH and 1000 PLAY to the displayed address.

Example tx via myetherwallet on the Ropsten test network

Here is an example transaction handled via myetherwallet, where 0.01 ROPSTEN ETH are sent to the wallet. Our system instantly recognizes and consequently displays the successful transaction in the front-end, by depicting a check mark. Anything pending is shown in form of pending dots.

Recently we added three new possibilities how to buy PLAY!

You can choose between fiat and cryptocurrency

In addition to carrying out a PLAY & ETH transaction, we enhance the user experience by offering the possibility to buy PLAY with fiat (credit card or PayPal) or switch your cryptocurrencies into PLAY (CoinSwitch.co).

Give herosphere.gg an allowance to pay the transaction costs for you!

When a user wants to bet and buys into a contest, he/she would need their private key & pay transaction costs just with entry on the blockchain. In order to make this the more user-friendly and efficient, HERO has come with the allowance solution. Being able to transfer funds from the user wallet to the contest contract, herosphere.gg buys the user into the contest. We are talking about an ERC20 allowance function, which is handled by a “Controller Smart Contract”. The main advantage is that herosphere.gg can trigger the buy-in transfer and thanks to the allowance we don’t need a private key to sign a transaction. Users don’t need to enter the password every time they want to enter a contest and herosphere.gg pays the transaction costs, resulting in a better user experience (read more).

You have created your PLAY wallet and are ready to use one of the first iGaming blockchain use cases worldwide.