The Phoenix Group Ltd Merges Social Gaming with Blockchain-based Wagerin

The future launch of FaceOff, the social gaming site by The Phoenix Group Ltd, has been announced. The gaming site will allow players to challenge their peers to head-to-head competitions and skill-based contests. The latter will have the opportunity to win cash prizes. Come December 2017, gamers on the site will be able to challenge their peer to matches featuring their favorite teams in the NBA, NFL, MLS, NHL, WNBA, and MLB. They will also be able to challenge others to e-sport competitions, and matches featuring boxers and PGA players.

Gaming in the Cryptocurrency Era

Additionally, The Phoenix Group Ltd announced the creation of an ethereum-based token, iCash, and its Token Generation Event (TGE) scheduled for December. In the cryptocurrency space, the TGE is what is commonly referred to as an Initial Coin Offering (ICO). These two will kick off FaceOff’s blockchain-based campaign for improved security and scalability. They will also protect gamers against fraud and reduce transaction fees and times, while protecting the privacy of its users.

Legal, IP-backed Social Gaming Platform

With the features on iCash and FaceOff, The Phoenix Group Ltd, is on its way to cementing itself as a pioneer in the blockchain-based wagering industry. It will also assert its position as a global leader in the social gaming industry by protecting members of the blockchain community using its intellectual property, given that the firm owns more than 50 global patents and trademarks. Consequently, FaceOff will be the first social gaming site offering a legal, IP-backed gaming platform which allows users to predict the outcome of live events for the chance to win cash prizes.