The RewardMob team is very proud to announce that we now have over 100,000 registered users on our platform. We launched the iOS and Android versions of our mobile app mid-January of 2018 and have experienced amazing growth since then.
For those of you who don’t already know about RewardMob. We have created the first mobile eSports platform powered by blockchain technology. We can easily turn any mobile game into a competitive eSports tournament where users can compete for our cryptocurrency (RMOB) and other prizes.
This project has been a labor of love for the past 29 months and the team has now expanded to 12 dedicated people. In March we hosted a public ticket sale where over 850,000 tickets were distributed out to players on the platform. The tickets are used to enter into our pay to play tournaments and weekend cash tournaments. The first two major tournaments seen 6 players share $30,000 USD.
Company Update
1. We now have over 100,000 registered users on the platform
2. We have processed over 1.5 million tournament entries
3. Players have earned over 4 million RMOB tokens playing games
4. We have partnered with 5 mobile game studios and have 10 live games on the platform
5. Developers are seeing up to a 3X increase in session times when tournaments are running
6. We are available for download on iOS & Android
The team spent the last week in Los Angeles at the Crypto Invest Summit meeting with other like-minded crypto enthusiasts. While we were there I was asked several really great questions by people at the event. I wanted to share these with you.
Q: How is your token beneficial to the players of your platform?
A: Our token is beneficial in a few ways. The first being that players can earn tokens by playing free mobile games. For most of our users, earning RMOB tokens will be their first exposure to cryptocurrency. Players will earn tokens and learn about crypto while having a fun experience. Gaming is such a natural use of cryptocurrency. Players are already used to earning and using virtual currency like gems and coins in games. Adding a cryptocurrency element into the game allows players to take control over the value so they can withdraw it or spend it how they wish.
The second is the use of our token as a currency. We have created a real use for our tokens in the platform. RMOB tokens are the required currency needed to make purchases and enter our competitive skill-based tournaments. Advertisers and sponsors will also need to purchase tokens in order to place advertisements on the platform and users will be able to earn additional tokens by interacting with the advertisers.
The token is an integral part of the entire gaming system. It is the fuel that powers the entire platform both as a utility and a currency inside the ecosystem.
Q: How do users cash out of the platform?
A: We are developing a built-in decentralized Peer-to-Peer exchange function right in the app. This will allow players to easily exchange tokens with each other without having to leave the app. Essentially, they will be able to buy and sell tokens with fiat and crypto among themselves instead of through a centralized process.
Q: How does blockchain make your business better?
A: I believe blockchain technology will become the backbone of all software development in the years to come. By its very nature it allows us to build massive trust-less economies and an ecosystem where our users can transact among each other. This makes the entire process extremely efficient and lowers operating costs. It enables us to spend more time developing better infrastructure while our players and game developers use the platform for entertainment and commerce.
Initial Coin Offering (ICO)
RewardMob is currently in the process of relocating the blockchain portion of the business to Malta. The blockchain and cryptocurrency regulations are better defined and more favorable for companies like ours in this space.
As soon as management is in the new office in Malta we will be providing a full release with all of the details.
New Advisors
We are very happy to announce we have recently added two additional advisors to the team.
Andrew Duplessie is a Venture Capitalist / Growth Hacker with a successful equity exit. He is a Stanford University Startx Alumni and Mentor and CEO of Tipster. He has over 250 million followers across Instagram and Facebook and is an Advisor to Science-Inc Blockchain, Naga, Capdax, Aventus, and others.
Over the past year alone, Andrew has generated 1B+ impressions, 18M communities, and 3M app downloads. His companies have been featured in Buzzfeed, The Hollywood Reporter, Racked, The New York Times and Forbes.
Takashi Yanagi is a Venture Partner at DNA, a crypto venture fund based out of Santa Monica, CA. He has supported multiple projects including Hashgraph, Everipedia, and B21. He is also an advisor to Atonomi, a company that is providing a security protocol to enable billions of IoT devices to have trusted interoperability for data and commerce.
Previously, Takashi was a Portfolio Analyst for Oaktree Capital and an Investment Banking Summer Analyst for Robert W. Baird. He graduated from the University of Notre Dame with a degree in Finance.
Moving Forward
The support and advice that we have received from our players and Telegram users has been invaluable. We now have almost 22,000 participants in our Telegram chat room and over 38,000 followers on Facebook.
We continue to work with our game developers and add more games to our Free-to-Play tournaments and our Weekend Championship tournaments will be starting again soon
Building this company over the past 2 years has been the most challenging and also the most rewarding experience of my life and I am very excited to continue to grow and scale our company in the years to come.
Best regards,
Todd Koch & the RewardMob Team
