FirstBlood will be the first decentralized app, built on top of Ethereum, that allows eSports enthusiasts to compete in their favorite games through a decentralized, automated platform. FirstBlood aims to be the preferred global platform for skill-based eSports competitors. FirstBlood Token 1ST is an essential part of the FirstBlood ecosystem and economy. The four major utilities available to FirstBlood Token holders are:
(1) Playing matches
(2) Witnessing matches and voting on the jury
(3) Hosting tournaments
(4) Claiming rewards from referrals
The first hour of the crowsdale was a 'Power Hour,' where 1 Ether bought 170 1SŦ. After that, the price was going to drop to 150:1, and then decrease every week until it reaches 100:1 in the fourth week. The power hour only lasted 10 minutes until the full $5.5million was raised. A total of 465,312.999 Ether was raised from 464 accounts with the largest investment worth more than $3 Million. 10% of tokens are being kept by the founding team and are subject to a 12 month holding period. 5% are to be allocated for the promotion of eSports events.