Blockchain-based tournament operator Exeedme has launched a $50,000 (~£41,500) programme to support competitions from independent tournament organisers and gaming communities.
The project is part of Exeedme’s Grants Program, an initiative that also looks to promote the platform throughout the esports community.
Tournament operators who want to take part in the project need to be registered on Exeedme’s platform and fill in a form. Candidates need to have experience organising esports competitions and ensure that the tournament will start in the next 90 days after approval.
The tournament also needs to live streamed and feature an open qualifiers stage. If approved, a tournament organiser will be required to have a registry page online within 30 days after Exeedme’s acceptance. If that does not happen, the blockchain platform will revoke the participation of the tournament organiser in the programme.
The programme will primarily support Counter-Strike: Global Offensive, Warzone, and Dota 2 competitions. However, Exeedme has stated that it will also consider including other games in the programme, depending on applications.
According to the company, the goal of the grants programme is to provide tools to improve the administration and organisation of competitions, whilst also leveraging prize pools that Exeedme can provide to communities.
The $50,000 budget is not fixed and may vary depending on the quality of applications. Exeedme will also prioritise tournaments that already have prize pools, as the budget can be used to boost the competition.
Also an optional ‘Organiser Fee’ of up to 5% of the total overall prize pool will be offered. This will be calculated over the sum of the funds originally invested by the tournament organiser with the funds financed by Exeedme.
Exeedme has recently distributed around $150,000 (~£124,500) to professional and amateur players through the same grants programme. In March 2021, the company also became part of the Esports Integrity Commission (ESIC).
