By Solomon Odunayo
Charles Hoskinson, the CEO of IOG and creator of Cardano (ADA), has some hours ago shared the breakdown of how starcraft tournament competitors were rewarded a decade ago with little or no prospect for Bitcoin (BTC).
At the inception, Bitcoin, the first cryptocurrency that ever existed was trading a little above $1. It can be well described as worthless compared to other assets, such as gold, silver, among others.
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Little of the people of those days could picture the future, or better still, its current price stature. Around that time was when someone paid 10,000 BTC to purchase Pizza.
However, Bitcoin has experienced a turnaround in all ramifications. Ranging from a significant boost in price to an increase in mainstream adoption.
After a few years of Bitcoin (BTC) emergence, we started having new versions of cryptocurrencies. Some were forked from Bitcoin, while others, such as Etherum (ETH) and Cardano (ETH), are entirely different from the flagship cryptocurrency.
Today there are thousands of crypto projects thriving together in the market. And the current bull market has not only impacted the price but has also boosted the popularity of the crypto industry at large.
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5th-8th Place in a Starcraft Tournament a Decade Ago Received 25 BTC
In a tweet posted a couple of hours ago, the creator of Cardano (ADA), Charles Hoskinson shared the reward breakdown for a starcraft tournament about 10 years ago.
According to Hoskinson, the first place was awarded $500, second place $250, third place $150, and fourth place $100.
What is worthy of note about the tweet is that the 5th to 8th place was rewarded 25 BTC each, which is worth $1.4 million at current prices. This indicates that the reward was shared among the competitors with little or no prospect for Bitcoin.
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Charles Hoskinson tweeted, “This was the reward breakdown for a starcraft tournament a decade ago.”
This was the reward breakdown for a starcraft tournament a decade ago pic.twitter.com/Fb4NnxDHrY
— Charles Hoskinson (@IOHK_Charles) May 7, 2021
The tweet has since gone viral and garnered a lot of reactions from the crypto community members.
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