Hi jlp. You have a great insight on ICOs. I know i'm being bias since I'm part of the bounty but I think project related to e-sports such as Eloplay has a good shot in being successful in the future. What can you say about it 
In regards to Eloplay, I think gaming and gambling are two excellent applications for cryptocurrency. After transfer of value (currency) and store of value applications, gaming and gambling are very good fits. Cryptocurrencies enable several things to be done that could not be done previously:
For Gaming:
- Win real value that can be withdrawn from the game or gaming ecosystem, instead of winning just digital goods that are locked in.
- Winning real value elevates the fun and excitement of the games and competitions.
- In essence, crypto currency enables gaming to provide gambling. Gaming (with crypto currency) is an euphemism for gambling. One will argue that gaming has skill whereas gambling does not. This is not true. Lotteries and slots do not involve skill, but many gambling games, such as Black Jack or Poker, involve skill. Financial betting involves skill.
For Gambling:
- Governments around the world are the biggest operators of gambling. Most governments run big lotteries. Several run huge casinos. But, they block competition, such as online gambling, to maximize their own revenue. Many of them do not have specific laws that outlaw online gambling. If they do, they rarely enforce them because its difficult, as they themselves are gambling operators. To block online gambling, they ban credit card companies and banks from sending money to and from gambling sites. Cryptocurrencies can solve this business problem for gambling operators. Cryptocurrencies can unshackle and liberate gambling and let anyone to play from anywhere in the world.
- Gambling sites are known to cheat or steal from their customers. If the bets are handled by smart contracts, this business problem can be solved.
Therefore, Eloplay is in a great space. They have a product, which is great news, though I didnt try it. That proves that they can build.
However, they have lots of competition. There have been many eSports or Gaming ICOs, such as Firstblood, Unikoingold, GameCredits, etc. There are more, but I forgot their names. Im not saying that this industry cannot support many competitors. I just dont know how many.
Elopay is from that large country east of Europe, which has no extradition agreements with much of the world. This increases the risk for you, because if they defraud you, your government cannot help you.