# Host-to-Earn Tokens ESPL Arena Announced its First Host-to-Earn Token on ProBit Global By Colin Smith | Published 2023-02-13 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/arena-token References: [probit](https://www.probit.com/app/exchange/ARENA-USDT)  ESports Players League (ESPL) has announced that its utility token, $ARENA, has been listed on ProBit Global. ProBit Global is a centralized exchange (CEX) and the first major platform to list the $ARENA token. The listing will allow users to trade $ARENA with deep liquidity and provide them with a wide range of crypto trading options. ESPL's true Host-to-Earn tournament model is a first-of-its-kind for esports gaming and allows for frictionless hosting of tournaments for grassroots gaming communities. The $ARENA ecosystem incorporates cutting-edge blockchain capabilities for secure and transparent prize disbursement to participants anywhere in the world. ESPL raised $1.4 million in its initial farm offering (IFO) on PancakeSwap, which was completed on January 16, 2023. Image Credit: ProBit Global, ESPL Arena ## Trend Insights (Trend Hunter) - Score: 2.1/10 - Popularity: 20% | Activity: 30% | Freshness: 14% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Millennial, Gen X - Top markets: North America, Europe ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) > [New Ventures](https://www.trendhunter.com/newventures) ## Key Themes ### What's Driving This Trend - **Host-to-earn Tournaments:** The Host-to-Earn model of ESPL Arena is a new trend in esports gaming, allowing for frictionless hosting of tournaments for grassroots gaming communities. - **Blockchain-based Prize Disbursement:** ESPL's $ARENA ecosystem brings a new trend to the industry by incorporating cutting-edge blockchain capabilities for secure and transparent prize disbursement to participants anywhere in the world. - **Initial Farm Offerings (ifos):** The IFO fundraising model is a trend that is gaining popularity in the crypto industry, as demonstrated by ESPL's success in raising $1.4 million on PancakeSwap. ### Who This Affects Most - **Esports:** Esports businesses can take advantage of the Host-to-Earn trend and use blockchain technology to enhance the gaming experience and reward players transparently. - **Cryptocurrency Exchanges:** As the first major platform to list the $ARENA token, cryptocurrency exchanges have an opportunity to offer their users access to a new and popular esports gaming token. - **Blockchain Technology:** Blockchain technology companies have an opportunity to enter the esports industry by offering secure and transparent prize disbursement options for gaming tournaments, as demonstrated by ESPL's $ARENA ecosystem. ## Related on Trend Hunter - [Host-To-Earn Esports Platforms](https://www.trendhunter.com/trends/hosttoearn-esports-platform.md) - [Host-To-Earn Platforms](https://www.trendhunter.com/trends/espl-arena.md) - [Competitive Esports Platforms](https://www.trendhunter.com/trends/cld-distribution.md) - [Competitive Web3 Gaming Partnerships](https://www.trendhunter.com/trends/arena-of-faith.md) - [Esports NFT Platforms](https://www.trendhunter.com/trends/ikonic.md) - [Developer-Focused Esports Events](https://www.trendhunter.com/trends/matchboxdao.md) - [Esports Blockchain Platforms](https://www.trendhunter.com/trends/concordium.md) - [NFT Esports Platforms](https://www.trendhunter.com/trends/complexity-gaming.md) - [Blockchain Gaming Competitions](https://www.trendhunter.com/trends/moxy-1.md)