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It is an all new way of automatically paying the online game participants soon after the tournament ends. The underlying blockchain network as well as the smart contract technology ensures that all the payments are processed instantly and for a nominal fee with the various cryptocurrencies such as MATIC, ETH, USDC, DAI and more. Typically, the prize pool is made up of the player entry fees and/or the sponsor donations that are sent in and held in the escrow as the tournament plays out. No third party is involved.
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