Roberts is joined by The Phoenix Group co-founder and entrepreneur Will McDonough who is widely known for serving as a manager to New England Patriots quarterback Tom Brady. Corporate Affairs for Sportech, which has processed over $11 billion in wagers and has a presence in over thirty countries. Roberts has a wealth of experience in the gaming space, having formerly served as CEO of DraftDay Gaming Group Inc. Combined with the safety and security of cryptocurrencies and the blockchain, we envision FaceOff will become a top destination for sports fans and gamers alike.” “FaceOff is going to bring together communities of people who are passionate about their favorite sports or e-sports teams and players, with those who enjoy the social aspect of challenging friends and strangers in head-to-head competitions, and those who enjoy playing skill-based games to win cash prizes. “We believe there is a tremendous, untapped global market opportunity to provide a platform that allows for peer-to-peer sports and e-sports challenges,” said FaceOff CEO Rich Roberts. As is the case with many other entities adopting blockchain technologies, The Phoenix Group hopes that use of iCash will improve the security, scalability and availability of the FaceOff platform around the world. The Ethereum-based token being created has a clever name in 'iCash.' This iCash currency will fuel the development of a blockchain-based version of FaceOff. The plan is to unveil the TGE in close proximity to the introduction of the FaceOff platform. With this premise in mind, FaceOff’s parent company, The Phoenix Group Ltd., is now also preparing for what it calls a Token Generation Event (TGE), which has more commonly been referred to in the world of cryptocurrencies as an Initial Coin Offering (ICO).
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Cash prizes will be awarded for separate skill-based contests. Starting in December, a social gaming site named FaceOff has plans to start allowing its users to challenge others to head-to-head match-ups based on the outcomes of their favorite NFL, MLB, NBA, UFC and esports competitions.
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A new Ethereum based token called iCash is becoming available in December for peer-to-peer social gaming.