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  • Writer's pictureWilliam Ryan

Dawn Token Swap Announcement

Updated: Apr 9, 2021

With the birth of the new token, we created the Dawn Token Swap portal to allow 1ST token holders to swap their tokens for Dawn at a 1:1 ratio. Approved geographies can head over to the portal now. We anticipate a significant number of 1ST to be swapped to the new chain to take advantage of our platform’s new functionality. If you are eligible for a token swap, we encourage you to do so at this time.

Since May 4th, FirstBlood token holders are be able to initiate a swap of the current 1ST token into Dawn using our token swap portal. This decision is optional, and discretionary to 1st token holders. Once 1st tokens are swapped, they will be burnt and removed from circulation. In their place, Dawn tokens will replace the 1st tokens for those who choose to swap.

Announcements regarding how individuals can swap on exchange partners like Bittrex Global and ZB are expected to be forthcoming in the near future.

The new token will enable an upgraded decentralized eSports experience in a number of ways. Individuals who are staking Dawn tokens will have elevated platform benefits in the FirstBlood eSports app using a staking-for-benefits mechanism that is similar to popular platform Binance and Celsius Network. The benefits of these accounts can be found here.

To further its goal of empowering eSports players, Dawn token holders will also be able to vote on various measures taken by the platform development team. For instance, the Dawn token holders will be empowered to select game integration priorities and will also be able to influence the roll-out of additional token functions. Moreover, the token stakers may receive additional benefits, including better odds in certain games as well as a percentage of the funds obtained by the platform and community for hosting eSports tournaments and reward pools.

FirstBlood is a peer-to-peer eSports platform offering competitors the opportunity to win rewards by challenging each other to skill-based games like PLAYERUNKNOWN'S BATTLEGROUNDS and DOTA 2. The project’s mission is to empower eSports players globally by giving them competitions and career opportunities. Blockchain innovation will empower competitive gamers by fostering an international ecosystem and making eSports safe, reputable and transparent.

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