Play2Live will host the first CS:GO tournament with a cryptocurrency

The company has announced that will host a CS:GO championship with the prize pool in the sum of $100,000 in a cryptocurrency.

The championship will take place in Minsk, Belarus on February 25. Cryptocurrencies of the company Play2Live called Level Up Coin will be up for grabs as the prize pool.

"We encourage all gamers and esport fans to become P2L early adopters to test the new ecosystem and high Internet speed delivered by peer-to-peer CDN technology," Alexey Burdyko, CEO and Founder at Play2Live said in a press release. "We are even more excited to host the world’s first ever esport tournament with crypto prize: an event, that will become a milestone in further integration of the blockchain technology into gaming industry."

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8 teams will take part in the tournament, 7 of which will receive direct invites. The eighth participant will have to pass the open qualifiers.