CryptoChamps :: Worlds first trustless, decentralised fantasy sports platform powered by Ethereum smart contracts

in cryptocurrency •  7 years ago 

cryptochamps2.1.png

CryptoChamps Is powered by the Ethereum Blockchain. Every champions smart contract is UNIQUE and is possessed by one person at a time. As with most Blockchain projects, the smart contracts can be examined and interacted with freely so we have nothing to hide. Each champion is identified in one smart contract.

CryptoChamps

CryptoChamps are actual cryptocollectibles with measurable monetary value. You can buy or sell your CryptoChamps Smart Contract like the normal traditional collectibles using blockchain technology. The Smart Contracts are very valuable and double in price from the very moment you purchase it. Enjoy sole ownership of the Smart Contracts of successful sports champions like Lionel Messi, Michael Jordan and Shaquile ONeal. But you have to be on the lookout because when someone else matches the current price, they will automatically assume ownership your Contract. The good news is that you will be paid double of your initial investment in ETH.
CryptoChamps Vision

To design a platform for sports lovers to associate with their favourite fans while making money in the process; to establish a Blockchain record for easy generation of the unique fan base of a sports celebrity; and to disrupt the fiat currency system by using our hard-fought innovations to establish a real‐time time crypto collectible with a global reach and accessibility to the masses.
CryptoChamps Mission

To build a happy community who will gladly identify with the all-time sport champions while making the world a better place.
We are building the best fantasy sports platform on the Blockchain, this is our first step to achieving that.
How it Works

The price of each contract increases with each transaction. When you buy a Smart Contract, watch out! Anyone can take it away from you by paying up to double what you paid. If you buy a contract for 0.02 ETH, another player can snatch it away from you. Once that happens, you will automatically receive 0.04 ETH!

Price Increase
0.005 - 0.1 2X
0.1 - 1.39 1.5X
1.3 - 2.5 1.3X
2.5 - 6.24 1.2X
6.25+ 1.1X
Coin Details

The champ coin initiative is an active way to distribute our revenue to stake holders. The champ coin can be resold as liked. At the end of every quarter, we will distribute our revenue according to the number of Camp coin you possess. We keep a ledger balance of your champ Coin earning and you get it when you demand for it. Anyone with Champ Coins in their Wallet can get a share of our earning.
Our Unique Solutions

Digital goods have seen real-world valuation, from World of Warcrafts gold farmers to the Steam platforms online marketplace (where users can buy and sell in-game items across their PCs video game collection). However, these niche instances are limited to video games and lack any security or protections. There have been numerous examples of hacking, cheating, or developers influencing the ecosystem and larger economy.
Digital collectibles hold immense potential, but they have not proven successful for three main reasons:

Central Issuing Authority.

When digital collectibles are created, and issued, and the most rare or popular collectibles identified, there is nothing stopping the creator from simply creating more. When this happens, it diminishes the value of the original collectibles, potentially making them worthless.

Our Solution :

We decided to build on the Blockchain. Every action taken can be viewed on the Blockchain. and because it is decentralised, no single person has control over the app once it is deployed. This way, we ensure integrity of the system and make sure the collectibles are unique.

Provider Dependency

The existence of a digital collectible is dependent upon the existence of the issuing authority. If a digital collectible is created and said creator ceases to exist, your digital collectibles also cease to exist.

Our Solution :

Blockchain. Once deployed, it is accessible to anybody if the rules of the contract are obeyed. We are just an interface for easy interaction with the contract. Anyone who understands Blockchain. technology can easily continue with the project even if we cease to exist, which is unlikely.

Standard value derivative for collectibles

It can be hard to create a value for collectibles. There can be disagreements on what a specific collectible is worth.

Our Solution :

We allow the law of demand and supply to set a pace for increment on the price of a collectible.

Development roadmap

cryptochamps2.3.png

Official Website : https://cryptochamps.co/

White Paper : https://cryptochamps.co/files/cryptochamps_white_paper.pdf

Telegram : http://t.me/cryptochampsapp

Facebook : https://www.facebook.com/cryptochampsapp

Twitter : https://www.twitter.com/cryptochampsapp

Bitcointalk Ann Thread : https://bitcointalk.org/index.php?topic=3154375.0

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!