13.0 - About the Token
Esports revolutionized through blockchain technology and NFTs
Last updated
Esports revolutionized through blockchain technology and NFTs
Last updated
The ESTN token will be unique in how it will be in the form of a Balancer "LP Token" running on the Ethereum (and ultimately also on the Arbitrum) network. By using the trading pool's LP token, it will represent the value of all underlying tokens in the pool (can be up to 8 at a time). The purpose of the "ESTN LP token" is to act as a utility token within the ESTN platform and larger ecosystem. It can also be traded and airdropped just like any other Ethereum token.
ESTN will be tradable on the open market via the decentralized liquidity pool on Balancer hosted on the Ethereum network (2025. Balancer is among the leading AMM's on Ethereum and is unique in that it allows for multiple underlying assets (up to 8) in each trading pool.
The Ethereum network has been selected as the blockchain of choice due to its long established reign and compatibility with the Balancer mult-asset trading pools.