Internet City, Dubai, Jan. 17, 2022 — LBank Exchange, a global digital asset trading platform, will list Battle Esports Coin (BES) on Jan. 20, 2022, at 16:00 (UTC+8) in the BES/USDT trading pair.

The current esports market is largely capitalized on by corporate sponsors. It’s not easy and efficient enough for players to realize monetization via the current business-to-customer structure. To solve this problem, the Battle Esports Coin (BES) token and Libes make customer-to-customer transactions possible so that they can boost the economic activity of players, provide new entertainment for users, and revolutionize the esports market with leading-edge blockchain technology.

BES x Libes: Liberty through esports

Libes is a platform built to create new economies in the esports market and expand the economics and value of esports. Within the Libes esports platform, users can bet on tournament matches, tip players directly, and purchase players’ original nonfungible tokens (NFT) and service NFTs. Players will be able to receive revenue from these features, which will allow them to perform in a completely different way from their previous economic activities.

As Libes’ governance token, BES can be used on the Libes esports platform and will give voting rights on the platform. By decentralizing rights, Libes aims to become a self-sustaining decentralized autonomous organization (DAO) made up of players and users.

The value of the esports betting industry alone is forecast to grow as big as $13.05 billion by 2025. BES and Libes plan to offer a steady rollout of betting services on games and other events to provide a new revolutionary form of entertainment that will distinguish its platform and suite of services from those of conventional bookmakers.

Targeting markets for esports gambling worldwide, BES and Libes will capture most target players and interest from the most robust markets in Asia, starting with China, South Korea and Japan followed by the United States and Europe. With the expansion of online gambling and the increasing popularity of esports, they aim to present a very interesting entertainment proposition to their target markets.

About Battle Esports Coin (BES)

BES fulfills several purposes within the esports gambling ecosystem. It serves as an in-game currency and has exchange value inside the Libes betting platform. Players can purchase BES tokens and place bets on esports games as well as enjoy additional benefits from staking, tournament attendance and engagement with the influencers defining the esports scene. Implementing a DAO and reward mechanism, BES tokens can be earned by engaging and contributing to the ecosystem, including the creation of NFTs, buying goods and gambling on tournaments.

BES is an ERC-20 token with a fixed initial issuance amount. Therefore, the distribution volume is limited, and the design is such that the value can be easily increased by creating demand. The total supply of BES is 100 billion tokens, 40% of which is provided for the ecosystem, 17% is allocated for marketing, 15% is used for a pre-sale and an initial exchange offering, 15% is provided for leadership, 6% is for an initial liquidity offering, 5% is for sponsors, and the rest is allocated to strategic advisor. BES is also prepared for staking on multiple decentralized finance platforms.

Investors who are interested in investing in Libes can easily buy and sell BES on the LBank Exchange. The listing of BES on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

Learn more about BES Token

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