Esports platform ESPL’s host-to-earn utility token sold out


  • The Esports Players League (ESPL) successfully launched its ESPL ARENA (ARENA) utility token through a collaboration with PancakeSwap, selling all of its tokens for $1.4 million. Prior to launch, $3.6 million was committed during the cultivation stage to cultivate ARENA utility tokens.
  • ESPL Arena’s User Generated Tournament (UGT) solution launched alongside the esports platform’s Initial Farm Offering (IFO). The UGT will allow tournament organizers to automatically disburse prizes in the form of digital assets to winning participants.
  • ARENA Utility Tokens are available for betting farming through PancakeSwap’s Syrup Pools.

January 18, 2023 – ESPL, a global integrated provider of esports platforms and tournaments for gaming communities, officially launched its utility token, ARENA, in collaboration with PancakeSwap via an IFO on January 16, 2023.

The total amount raised reached $1.4 million, with more than $3.6 million in PancakeSwap (CAKE) committed during a 2-hour launch on January 16, 2023. Thirty-five million ARENA utility tokens were made available for $0.04 per token during the IFO.

Source: https://pancakeswap.finance/ifo

Font: https://pancakeswap.finance/ifo

ESPL’s Arena is the first host-to-earn esports platform that aims to enable the esports industry to embrace Web3 technology and business models. The recently launched utility feature will ease the complexity of running esports tournaments online and provide a secure and transparent method of prize disbursement for the platform’s 280,000+ esports athletes.

The utility token was launched alongside Arena’s UGT solution, resulting in a more efficient tournament system that leverages Web3 and blockchain technology. The UGT platform will fuel ESPL Arena’s robust esports ecosystem with next-generation host-to-win capabilities, giving tournament organizers access to a powerful new economic model for player engagement and community building. The ARENA utility token is available on PancakeSwap.

Commenting on the success of ARENA’s IFO, ESPL General Manager Ivy Fung said:

“This is a defining moment to integrate blockchain into the traditional Web2 esports tournament model. With ESPL pushing the frontiers of innovation through the decentralization of tournament hosting and the automation of prize distribution (via the ARENA token), I am confident that we will foster a stronger esports player community than ever before.”

ESPL has a track record of excellence in Web2 and Web3 esports tournament systems and organization, having organized more than 2,000 tournaments and reaching more than 33 million users worldwide since 2019. Its global investors include Warner Music Group, 500 Startups , Genting Ventures, iCandy Interactive, RightBridge Ventures, Infinity Ventures Crypto, and Arcanum Capital.

About the esports players league

Founded in 2019, the Esports Players League is a global provider of esports tournaments and platforms that develops an integrated and open ecosystem for tournaments with a focus on grassroots player community and digital interactivity. The platform runs on a hybrid online and offline model and has a presence in 16 countries across Asia, Europe and the Americas.

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