What is Gimli Coin?
Gimli is an eSports platform where users can, among other things, bet on and stream eSport activities. The company claims to have created an “eSports Fans for eSports Fans” eSports application. The Gimli platform is based on decentralized Blockchain technology and uses Smart Contracts. The ecosystem of the Gimli platform runs on the basis of its own cryptocurrency , the Gimli Coin. The name was chosen on the basis of JRR Tolkien’s Lord of the Rings, as the logo of this cryptocurrency appears to show a drawing of the dwarf Gimli. The writing in the form of dwarf runes does not seem to be a coincidence.
The Gimli Coin in numbers – as of 15.12.2017
A total of 150,000,000 Gimli coins were produced. Out of this total, 80,000,000 were destined for sale during the ICO. ESport professionals participating in the platform received 10,000,000 coins. Another 10,000,000 were retained as a reserve pool and are gradually being floated by user activity on the platform. The remaining nearly 50,000,000 will be disbursed to consultants, developers, employees, founders, and anyone else who is involved in any way in the development and maintenance of the project. Gimli currently has a market capital of US $ 1,398,768 and can generate a daily trading volume of US $ 1,833. The coinmarketcap token ranking puts the company in 556 place.
Who is behind the project?
The company behind the project is Gimli Limited and is headquartered in Malta. The company’s CTO is David Waugh, who previously worked as an Equity Derivative Quant in a major New York investment bank and holds a Master in Mathematics from the National University of Singapore. Another key member of the team is CMO Dan Biton, a multidisciplinary entrepreneur specializing in digital marketing and international trade with a Master in International Business. The CEO of Gimli is Julien Charrell, an Internet business specialist. The company has a large team of consultants totaling 16 people. The company’s focus on eSport offerings is reflected in the choice of consultants. Five well-known eSport sizes, including Dayshi and Skyyart
How does the Gimli platform work and what features does it offer?
The Gimli platform offers many features designed to round out the eSports experience. A core area of the platform is the completion of bets on eSport events. The company uses its own betting algorithm. In principle, it is possible to make a bet between two or more people. The bets are organized by the respective stream operator. To make a bet the player has to pay a fee in Gimli Coin. The amount of the fee is determined by the respective stream operator. The loser’s bet will be split between the winners at the end of the game. The profit of the individual player is dependent on the height of his wagering and the time at which the bet was placed. Who bets earlier also gets a bigger share of the profit.
The Gimli Coin can also be used for other purposes. Users can donate coins to their favorite streamer to support their work. Streamers can start surveys and pay users who want to participate. In return, they can then decide, for example, what should be streamed or what actions will take place.
The Gimli platform also wants to provide a sense of community. Therefore, users can post their betting history and achievements to compete with other members. Tournaments can also be organized via Gimli. For ease of use, the platform is available both through a computer and as a mobile app. In the future, plugins for Google Chrome and a web app will be developed.
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