Player Payout

« Back to Glossary Index

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.

« Back to Glossary Index

Check Also

new-mining-strategies-crypto-halving

New Mining Strategies You Need To Incorporate After Crypto Halving

Good News! The Bitcoin network has already crossed its 800,000th block at the end of …