FirstBlood (1ST) Analysis
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FirstBlood investment analysis
This token belongs to a decentralized esports application of the same name. Using this platform, players of popular online games such as Battlefield and Dota2 can compete against each other for prizes. These prizes are distributed using the platform's native token. However, players are not the only ones who can earn using this system.
If tournament victories are not your strong suit, then you can still earn by running a node or being a jury member who presides over the matches. This makes for an interesting way for holders to become involved, even if they are not gamers.
Over the years, esports gaming and betting have become more and more popular over the years. However, the platforms which facilitate these activities leave much to be desired. Often times these setups are not very transparent, and they leave players wondering if they are being treated fairly or if they are being paid what they deserve.
Your FirstBlood investment is helping to turn that around by turning the immutable power of the blockchain into a tool which allows for a decentralized, trustless system to record these transactions and then pay the participants accordingly.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.
How to buy FirstBlood?
Investors can buy FirstBlood on a large number of exchanges. While most of these are not the most popular options in the world, there is substantial trading volume here. It's even possible to make your trades using a variety of different trading pairs. Bitcoin is the highest volume pairing here, but there's also plenty of volume present in Ethereum and USDT as well. You should have no trouble orchestrating a trade here regardless of your pairing and for a fair price.
This is an ERC20 asset. Interested parties need only locate an Ethereum wallet they would like to use in order to store their tokens safely. The options for this are plentiful though, and you should have no problems doing so. Since ERC20 method is the most popular way to currently distribute cryptocurrency tokens, there's a ton of wallets available which cater to them. A few notable ones include Meta Mask and My Ether Wallet. However, even mobile wallets or hardware wallets like Jaxx or Trezor will allow you to store these tokens. Just make sure to make a safe copy of your backup phrase and you'll be safe with any of these options.
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