Esports mobile platform CelerX has experienced significant growth in an environment where COVID-19 is attracting more gamers. CelerX has officially become the first mobile blockchain based Esports platform where players have exceeded $3 million in winnings in just one month. Why has CelerX integrated crypto transactions into the user experience?
CelerX Esports Platform
CelerX, a mobile eSports platform powered by Celer Network is proud to announce that CelerX has become the first mobile eSports platform on Blockchain to generate $3 million in player rewards within one month. CelerX has rolled out various skill-based games where users are incentivized through money and prizes. In addition, these skill-based games offer multiplayer tournaments on IOS and Android devices.
The CelerX eSports platform is powered by Celer Network, which operates layer 2 scaling technology for the blockchain infrastructure. The skill-based games that CelerX offers include:
- Arcade Win
- Daub Cash
- Solitare Win!
- BUST-A-MOVE RMT
Monetizing Revenue On Blockchain
With COVID-19 resulting in global shutdowns, people have had the ability to leverage their mobile devices more often. This has ultimately fueled the global eSports markets, which is expected to be a $100 billion dollar industry by 2021. CelerX has already seen record growth in games played this year, which is benefiting users from a revenue standpoint.
Players have averaged $20 / day from the platform, with some players even generating $1,000+ per day. These metrics have helped CelerX reach new horizons, being the first eSports platform on Blockchain to exceed $3 million in player earnings in just one month ( August ). By building on Blockchain technology, CelerX is able to monetize revenue models for both game developers and operators through a “per match approach” compared to the traditional model of in-app purchases and ads.
Co-Founder of Celer Network, Dr. Mo Dong stated that:
“It’s no surprise that the mobile gaming market is pegged to become a $100 billion industry by 2021. But despite the rapid growth over the past decade, monetization strategies for game developers and the user’s experience has been in a holding pattern.”
Cryptocurrency Integration
In a push to enhance user experience, CelerX applications support cryptocurrencies to serve a larger audience globally. According to user data, many players have leveraged digital assets for depositing funds. With cryptocurrencies being borderless and permission-less, CelerX can cater to the unbanked population.
According to the WorldBank, 1.7 billion adults were unbanked in 2018. An individual that is categorized as unbanked does not have a bank account. These people tend to look for alternative financial services to meet their everyday needs. Unbanked individuals tend to surface in geographical regions where trust has been lost in the local banking systems. This is why many have turned to cryptocurrencies, where one can be their own bank. By offering support for digital assets, CelerX gives players the opportunities to make money in an environment where most apps would not provide such feature.
User Base
CelerX has seen exponential growth in user base, thanks in part to app support in 130+ countries. So far this year, the platform has on-boarded 800,000 first time players. With this being said, CelerX is now catering to 120,000+ players per month.
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