Understanding GAUNTLET ESPORT | GAU Coins

Gauntlet ESports is a cryptocurrency based project whose focus is to provide popular and unique gaming services for fans of games and and of course cryptocurrency enthusiasts. This platform: Gauntlet also strives to be one of the first PoS (Proof of Stake) crypto coins to launch a fully integrated cryptocurrency gaming rewards system with ESport teams and competitive events. As you already know and aware that the future of the gaming industry rests securely in cryptocurrencies? Many gamers out there don’t understand this industry for which this article is to make it easy-to-understand. That’s my promise, it’s very easy to understand and I will do my best to keep it simple for my regular readers.

Esports, particular aspect of Online gaming, is constantly growing in quantum leaps. Targeted Investments into this very niche grew from 450 million in 2017 to 4.5 billion in 2018. (Imagine that statistics! Within 4 years). This is striking increase of about 837% from recent survey carried out by a group of researchers in Deloitte (International Giant Deloitte). The Cryptocurrency growth according to Marketwatch is set to grow a further 12-15% within the next four years. Keep this in mind as is important to know for investors among others. Therefore GauntletESport.com seeks to provide awesome initial services to grow our community and then introduce our customized PoS cryptocurrency before the launch of our own unique web-based game with crypto integration. In other words you get paid to game. Is that not interesting?

WHAT YOU MUST KNOW ABOUT GAUNTLET | GAU

First of all, Gauntlet Esports desire to provide very exciting giveaway promotions which will entail giving away games, Netflix, Xbox Live and PlayStation gift cards daily as well as the latest AAA titles for those who can verify the purchase of at least 10,000 GAU coins.

Secondly, Gauntlet will also be actively looking for partnerships and joint ventures with online game stores and PC dealerships so our members can get huge deals when they purchase their video games, computers, consoles and related device accessories.

Thirdly, Gauntlet has very dedicated and secure servers which will host Anime card games and can be played on our Discord server. As a future based feature service, Gauntlet plans to open her own marketplace where we can and will sell merchandise and rare game items. Another future based feature Gauntlet Esports will be providing will be wallet extensions. This will give GAU team the ability to give GAU coins to any user for playtime during competitive gaming. This means that they can earn coins while they play their favourite games plus much more on the way!

Probably the most exciting objective is essentially to host our very own ESport event where our esports teams can progressively compete against professional teams. Our biggest goal in the future is to host a huge E-sport event where our esports teams can compete against other professional teams.

IEO: Initial Exchange Offering

To reach the above goals at Gauntlet Esports within realistic timeframes we will require funding. We hope to reach these realistic monetary goals by running two rounds of GAU sales. We will have two rounds named Round 1 and Round 2. All unsold coins will be burned.

Round 1: 50 battlenodes

GauntLet focus on selling Masternodes in our initial round. Each GAU coin will be worth 400 Sats and we will be selling 50 Masternodes or Battlenodes that will cost 0.02BTC each (5000 GAU). This will bring our total to 1 BTC if we sell the 50 Battlenodes (250,000 GAU). The end of Round 1 will initiate Round 2 and if not, then ……
Battlenode @ (GAU = 400 Sats)

Round 2 - GAU Coin Sale (1000 Sats)

5 million GAU coins will be sold in round 2 via IEO as the total circulation will be 6 million. The cost of each GAU coin will be 1000 Sats. If we can sell all the coins we will be able to generate substantial roadmap features going well into 2022/2023 and forward.

THE ROADMAP

GAU Digital Currency
Gauntlet Esports will have it’s very own PoS cryptocurrency called GAU for short. The coin is created for the Gauntlet ESports community as a purchase coin, reward coin and masternode coin.

GAU is a Proof of Stake cryptocurrency which means holders of GAU coins can generate more GAU coins through a proof of stake block reward algorithm.

GAU uses randomization to predict block rewards, by using a formula that looks for the lowest hash value in combination with the size of the stake. This prevents users with large amounts of purchased coin to centralize rewards.

GAU also allows users to stake using maternodes. Masternodes can generate an income for their owners through server decentralization. PoS coins are super energy efficient in comparison to PoW based coins which rely heavily on energy to satisfy problems and algorithms.

GAU Tokenomics
Coin Name: Gauntlet
Coin Ticker: GAU
Algorithm: Quark
Reward Model: PoS
Premine: 6 Million GAU
Block Time: 1 Min
Blocks Per Day: 1440
Block Reward: 5 GAU
RPC Port: 21 33 5
Masternode Reward Per Block: 2.5 GAU
PoS Reward Per Block: 2.5 GAU
Blocks Per Day: 1440

GAU COIN USECASE

Those who are lucky enough to have possession of some of the limited 6 million GAU coin will be able to use them in the following ways:

Purchase Game Servers e.g.. Minecraft etc.

100% Transferrable To Others Via Secure Wallet Transfer Sold on the Live Exchange for BTC (Exchange Dependent)