LBank Exchange Set To List Battle Esports Token (BES) On January 20

The Battle Esports Coin (BES), a governance token of the Libes (Liberty Through E-Sports) eSports gaming ecosystem, will be listed on the global crypto trading platform LBank Exchange on Jan. 20, 2022. Trading of the BES/USDT pair will kick off on the same day at 16:00 (UTC+8) for users of the exchange.

For a long time now, the eSports market has been dominated by corporate sponsors, making it hard for players to monetize through the current B to C structure. As a solution, BES token and the Libes platform make possible C to C transactions to boost players’ earnings, entertain users in a new way, and revolutionize the eSports market with state-of-the-art blockchain tech. Listing on LBank Exchange will draw more attention to the BES token, improve its global coverage and facilitate the achievement of its vision.

Libes develops new economies within the eSports market, alongside improving the economic value of eSports. The platform enables betting on tournaments, direct tipping of players, and the purchase of players’ original and service NFTs. Different from other eSport platforms, Libes gives users a new way to earn income through these blockchain-based features. It also creates a decentralized organization (DAO) of players and users since the BES token grants holders voting rights.

According to forecasters, the value of the eSports betting industry will grow to $13.05 billion by 2025. BES token and Libes plan to steadily release game betting services and other events that will place it way above rivals and conventional bookmakers. The two plan to reach a worldwide audience, starting with the robust Asian markets of China, Korea, and Japan followed by the US and Europe. As online gaming garners popularity, BES and Libes plan to provide unparalleled entertainment to target markets.

BES token serves several purposes within Libes. Other than being an in-game currency, it also carries exchange value within the Libes betting platform. Players can purchase the token and use it to bet on eSport games. The token is also useful in staking on multiple DeFi platforms, rewarding, tournament attendance, and interacting with eSport influencers. Moreover, BES will have utility in the creation of NFTs, purchasing goods, and gambling on tournaments.

Of note, BES is an ERC-20 with a fixed supply of 100 billion units. The token is designed so that an increase in demand generates an increase in value. 40% of the total supply has been allocated to the ecosystem, 17% for marketing, 15% for the pre-sale/IEO, another 15% for leadership, 6% for the initial liquidity offering, 5% for sponsors, and the rest (2%) for strategic advisors.

Founded in 2015, LBank Exchange is an innovative global crypto trading platform that provides users with safe services and products including specialized financial derivatives and professional asset management services. With over 6.4 million users from over 210 regions worldwide, LBank is named among the most popular and credible platforms of its kind.