Cyber-currency media are giving eSports betting site Luckbox.com plenty of air this week due to its use of Bitcoin as a transaction currency and an impending ICO.
Our readers may recall that Luckbox is the brainchild of former PokerStars managers Lars Lien and Mike Stevens, who have been working hard to bring their dream to fruition, and have certainly managed to drum up plenty of online and offline publicity.
The start-up is set to go live operationally sometime this year.
The duo, who have been working together on the project since 2015, say that eSports punters will be able to deposit with both cryptocurrencies and in-game items, and they hope to secure an Isle of Man licence.
Lien and Stevens have managed to raise 483.5 in Bitcoin from investors, and now plan an ICO (hence the surge in crypto-currency publicity). This will be based on the sale of a utility token, which can be used on Luckbox and also traded by accredited investors to hold a ‘profit share’ token, entitling the holder to 20 percent of the company’s annual profits.