- 5 Reasons Luckbox Might Be a Gem in a Sea of Overhyped ICOs: New esports Gambling Platform
This is not financial advice. Do your own research before investing in any potential investment opportunity.
ICOs are a dime a dozen, but there are plenty of hidden gems that are going unnoticed. One project I recently came across that might be one of these highly sought after hidden gems is Luckbox.
Luckbox describes what their creating as a “fully licensed betting platform dedicated to serving the global esports community, where fans are able to bet, watch and chat in a safe environment using cryptocurrencies, in-game items and cash.” Here are five reasons I think LuckBox might be a hidden gem in a sea of overhyped ICOs.
1. The Right Founder
Entrepreneur Lars Lien couldn’t be a better fit for the CEO of Luckbox, which is exactly why he founded a company incorporating two of his passions and industries he has experience and a track record of success in — eSports and Gambling.
Lien spent over seven years with Rational Group as an Operations Manager where he was in charge of overseeing promotions for both PokerStars and Full Tilt. Lien later worked as the COO for GosuGamers, one of the leaders in eSports media. Lien appears to be fully capable and proven to lead this type of project.
As regulatory fears cripple hundreds of promising ICOs, Luckbox is entering a space that has already gone through its ups, downs, and regulations. With a founder who has helped companies navigate through the extremely difficult online poker industry, this team understands how to create a legal betting platform that will comply with laws and industry-mandated regulations.
3. Growing Niche
There are few niches growing as quickly as esports, which you can hardly keep calling a niche. The esports industry is projected to reach $1.5B in revenue by 2020, and betting within the esports community has already taken place on multiple platforms, including daily fantasy sports websites.
The fact that Luckbox is targeting esports specifically may signal to some that their growth is limited, but they will also avoid heavy competition that is focusing on trying to be the primary betting platform on the blockchain. Luckbox should be able to carve out their spot as the leader in esports betting quickly if they are able to get the community involved early and develop an attractive and easy-to-use platform.
4. Designed to Be a Part of The Community
Daily fantasy sports sites are a great way for practically anyone to get involved with a wide range of sports and esports with betting on the expected performance of teams and players.
However, these sites, from DraftKings to FanDuel, offer a wide variety of games and miss out on building a community around a single sport, similar to betting sites that offer users the ability to bet on every sport. The popularity of esports has in large-part been driven by communities, and Luckbox is aiming to become “esports-centric and community driven, attracting a loyal and incentivised audience.”
5. Strong Supporting Team
When trying to get some idea of the potential of a startup, everything is going to come down to the team. With far too many ICOs, little information or explanation can be found on the team outside of the CEO and a couple of co-founders and developers. Luckbox’s founding team is diverse and has experts in gaming, gambling, licensing, PR, alongside a tech team of five developers and designers. They also have a team of advisors with expertise in cryptocurrency, blockchain, gaming, and marketing.
To sum things up, Luckbox has all of the pieces in place to overcome the many challenges that will come their way, which is a great sign for an ICO within the gaming and gambling space. Visit Luckbox.com to learn more.
- Date of publication:
- Wed, 02/14/2018 - 17:52
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