Empowering Every Player to Organize Tournaments
Any MiniTon user can organize and host an esports tournament on the MiniTon.
Esports tournaments organized by MiniTon users are called "Social Tournaments" or "Private Tournaments," representing one of the tournament types on MiniTon.
Value Proposition
The social tournament feature provided by MiniTon is a public service that holds two fundamental values:
For Gamers:
Empowering all players to organize and host social esports tournaments.
Social tournaments may offer more attractive competition rules and prize structures compared to official open tournaments.
For Game Developers:
Leveraging social virality, social tournaments can rapidly attract more players through social invitations.
Creating a network effect fosters the rapid dissemination of game content and expands the user base.
Participants in Social Tournaments
Social Tournaments work like room-card features in traditional card games. MiniTon adds an innovative investor mechanism to the room-card feature.
How to Become a Host
Players can host tournaments upon meeting the following two conditions:
Stake MiniTon Token $MTC
Pay MiniTon Token $MTC
The number of matches a tournament can organize depends on the amount of $MTC staked. The more token is staked, the more matches can be conducted.
The total investment limit for investors in the tournament is determined by the amount of $MTC paid. If a higher amount is paid, the cap on the bonus pool for investors will be higher as well.
How to Become an Investor
Any MiniTon player can become an investor in a social tournament by purchasing the Sponsor Key for that tournament.
Sponsor Key and Bonus Pool
The funds used by investors to purchase Sponsor Keys will be locked in the bonus pool contract.
Bonus pool provides liquidity for Sponsor Key transactions and facilitates prize distribution to players.
The price of Sponsor Keys = (S^2)/M
S is the number of investors holding Sponsor Keys in the tournament
M is a constant set by the organizer.
The first purchaser of the Sponsor Key is the organizer.
The organizer needs to set a lock-up period for the bonus pool, which must be at least 3 days before the end of the tournament. Before the lock-up begins, Sponsor Keys can be freely traded. After the lock-up starts, Sponsor Keys can no longer be freely traded. The funds remaining in the sponsorship pool will be distributed to eligible players according to the rules set by the host.
Profitability for Investors
The profitability for investors depends on their assessment of the investment cost and potential future returns. Clearly, the more gamers participating in the invested tournament and the higher the ticket revenue, the greater the potential returns for investors.
Essential factors must be considered when deciding whether to invest in a social tournament:
The organizer's ability to host financially viable tournaments.
The attractiveness of the tournament rules and profit distribution rules set by the organizer.
The potential for future growth and revenue generation for tournaments that still need to scale.
For already scaled tournaments, the decision should be based on the generated revenue and whether the current data indicates profitability.
Win-win Goals
Based on the rules, the shared goal for all roles (host, investor, gamer, and MiniTon) is to attract more players to participate in the tournament, creating a network effect.
The revenue for all roles can be increased by continually inviting friends to participate, thereby enhancing individual earnings.
Through social tournaments, MiniTon creates a win-win ecosystem, offering unique revenue opportunities for investors, gamers, and hosts, fostering the social and competitive vitality of MiniTon.
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