What is eBoost (EBST)?
Future of EBST Cryptocurrency and know how to buy EBST

#1 - What is eBoost

eBoost is one of the fast growing cryptocurrencies that is attracting investors following its launch as the first in-game software token. The coin is gaining traction from the skilled eSports gamers because of its fast and secure blockchain and new approach to gaming transactions, which we’ll discuss down below.

eBoost : The Basics

  1. eBoost is a non-mineable gaming software token that services the eSports industry. The eBoost cryptocurrency is denoted by the symbol EBST. Its total supply is 80 million EBST.
  2. eBoost’s ICO began from 15 September 2016 & ended on 27 October 2016. The token sale was conducted between 15 August 2017 to 16 August 2017.
  3. eBoost uses a proof-of-work (PoW) consensus mechanism with the Scrypt hashing algorithm to secure its blockchain. It allows gamers to exchange payments & store the universal coin safely.

eBoost Development

  1. eBoost was created, and is maintained & promoted by the International eBoost Society. Mockit was the first site to use eBoost software token. It was founded by Jim Blasko who also leads the development team. It aims to enable gaming in player-to-player eSports games like chess or ping pong through EBST tokens.
  2. Marshall Long & co-founders Nicholas Thomas and Lion Iruke worked together with bCommerce Labs to resolve the ailing problems of the eSports community & hence, built a multi-pronged blockchain specific to eSports.
  3. EBST is the first gaming coin to have government contracts on its blockchain in Sweden.
  4. It uses airdrops to distribute tokens & eliminates the need to have an ICO. eBoost recently airdropped Alaris (a hard fork of the EBST chain) in a 2:1 ratio i.e. for every 2 Alaris tokens, users received 1 EBST.

 

#2 - eBoost Technology

  1. eBoost’s proprietary blockchain was developed to adopt changes in the eSports online gaming industry. It helps in monitoring eSports tournament results & accelerates fund transfers.
  2. The universal digital ledger first registers the new device, authenticates the remote users, sets up the contract to exchange power with other devices & then store EBST coins for value. This single distributed ledger cannot be manipulated & hence offers safe payment solutions.
  3. The platform offers an in-built staking feature. This lets users stake tokens in the eBoost wallet & earn annual interest payments that do not have an upper limited This will also absorb the heavy influx of buyers.
  4. It’s a frictionless token - so there is no transaction fees for wager-based activity. It also integrates services of games with its own, and simplifies complex transactions.

Features

  1. eBoost users can easily wager online within the e-gaming ecosystem by simply topping up their eBoost wallet with eBoost tokens. This eliminates the need for any other third party payment transfers.
  2. eBoost’s decentralized peer to peer platform speeds up the transfer of tokens which requires just a click & prevents manipulation of information without its users’ consent.
  3. eBoost wallet holders can store addresses of other eBoost wallet holders for swift transactions, hence eliminating the need to memorize or type long wallet addresses. It also saves transactions history that can be accessed online & offline by clicking the transactions tab.

 

#3 - How to Buy and Store eBoost ?

How to buy eBoost / How to buy EBST

eBoost is available to trade on exchanges like Boa Exchange, Bittrex, RightBTC, Trade Satoshi, etc. But with the EBST cryptocurrency being available over many exchanges, it can get difficult to get the best price for your transactions. This is where CoinSwitch steps in.

  1. While cryptocurrency exchanges provide you with a platform to buy or sell the eBoost cryptocurrency, CoinSwitch, the largest cryptocurrency conversion platform, comes in to help you make the right decision by providing the prices for EBST. This way you can choose the best deal for you!
  2. You can also buy, sell and trade over 300 cryptocurrencies for the EBST crypto. It offers interchangeability and unified experience for all cryptocurrencies with a wide offering from all major exchanges.

eBoost Storage

eBoost wallet can be used for storing EBST tokens & for peer-to-peer transfers. EBST can be stored in some cold storage wallets which offer a public explorer for transparency of all transactions. It is supported by both Apple & Windows.

 

#4 - What is the future of eBoost ?

Also Read: Complete Analysis of eBoost | Live eBoost (EBST) Price Charts And Predictions

  1. As of June 2018, its market capitalisation stands at $2 million USD & its supply has been capped at 100 million.

  2. Esports gaming economy is expected to grow to $906 Billion by the end of 2018 which translates into an impressive 38% year-on-year growth. Thus, eBoost may be set up for a strong run in the markets. EBST prices rose steadily in April ahead of the Alaris coin airdrop & recorded a 450% runup.

Many analysts suggest it will eventually grow to $0.17 by 2023 because it has good potential & strong fundamentals.

Price History

Date

Open*

High

Low

Close**

Volume

Market Cap

Jul 01, 2018

0.131771

0.133283

0.113257

0.117525

75,545

2,635,420

Jun 01, 2018

0.177097

0.198369

0.162255

0.184996

393,091

3,541,930

May 01, 2018

0.435335

0.438882

0.396765

0.415733

245,486

8,706,700

Mar 01, 2018

0.276193

0.314142

0.271755

0.293408

83,560

3,314,320

 

#5 - How is eBoost different from other cryptocurrencies?

eBoost has multiple standout features making it unique from most other cryptocurrencies.

  1. eBoost coins can be used for globally competitive gaming applications also wherever it is legal. This allows a seamless gaming experience with using a common currency.
  2. eBoost also enables in-game wagering for player-versus-player matches & multiplayer combats. So, gamers are rewarded for their skills when they bet proportionately on these combats or on their own own personal matches in skill-based competitive games.
  3. There are several coins that can be used for gaming but none of them offers a blockchain that is as cohesive & customizable as eBoost. This is because of the eBoost’s end to end solutions that are offered by smart contracts & distributed ledger.
  4. eBoost is faster than Ethereum blockchain system. This is because Ethereum coins have to be mined before using which slows down the platform but eBoost tokens have already been mined and ready for use.
  5. Decentralised ledger monitors tournament results & fastens fund deposits & withdrawals unlike Ethereum and Bitcoin which have traffic jam because of over-saturation.

 

#6 - Should you invest in eBoost/ invest in EBST?

  1. eBoost is a flexible currency & can therefore, be adopted as the official cryptocurrency for multiple games in eSports area. The growing demand for uniformity in payments across games can increase eBoost’s mass adoption.
  2. eBoost is also the loyalty token for RLTracker.pro. As the RLTracker.pro community base grows, a more secure and decentralized solution can be offered using eBoost tokens, add real-world value to it & completely replace tracker points.
  3. eBoost also claims a userbase of 50,000 active users on the platform already.
  4. Eminent brands, multinational sports franchises & celebrities are expected to invest $517 million in eSports in 2018 for exploiting the growth potential of traditional sports like football and baseball. This can push for a bull run of EBCT in the long term as the online sports market grows from $ 1 billion to $5 billion in 2025.
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