Binance Ventures into Esports! Binance Partners with Video Platform "Theta" to Host PUBG Asian Championship

Binance, the cryptocurrency exchange, has recently been actively involved in the field of DeFi liquidity mining and has also entered the esports industry. On September 15, Binance announced that it will host the Asia Esports Championship featuring the popular multiplayer shooting game "PlayerUnknown's Battlegrounds," commonly known as "PUBG."

Binance Battle of Asia

An announcement states that the competition will take place between September 22 and October 2, but Taiwan is not included in the list of countries eligible to participate. The participating countries include Indonesia, South Korea, the Philippines, Thailand, and Vietnam. Users from these five countries on Binance will be able to register to compete for the title of Asian champion, with prize money directly transferred to their Binance accounts. The tournament consists of two rounds:

National Qualifiers:

Each team will play five matches, and the advancing teams will be selected based on a points system. Each country will select three winning teams to participate in the finals.

• 1st Place: $1,000
• 2nd Place: $600
• 3rd Place: $400

Grand Finals:

A total of 15 teams from the five countries will play five matches each, and the winning team will be selected based on the points system.

• 1st Place: $10,000
• 2nd Place: $7,500
• 3rd Place: $5,500

Sponsor: Theta Network

The Asian esports tournament is sponsored by the decentralized video platform Theta. Theta is a decentralized media distribution network where users can contribute spare bandwidth and turn their devices into caching nodes on the network. Users watching videos can access content from nearby caching nodes instead of traditional CDN servers, reducing operating costs for video platforms and improving efficiency when widely adopted.

The competition will also be live-streamed on Theta's decentralized video platform THETA.tv, mobile app, and Binance's official website. In addition to contributing spare bandwidth, users can earn a small amount of TFUEL tokens while watching videos. Similar to other blockchain projects like VeChain, Theta utilizes a dual-token system, with TFUEL being the gas token issued by Theta.

Theta Network (THETA) has seen a remarkable increase in value this year, rising from just $0.08 at the beginning of the year to $0.5 now, a 544% increase. Theta has also announced positive news this year such as partnerships with Google Cloud and mainnet launches, with Binance, Blockchain.com, and Samsung being some of its enterprise validation nodes.