FondFantasy is the first fantastic gaming platform for financial lovers, based on blockchain technology. Our platform allows seamless and transparent games, and therefore is a natural solution to the well-known problems in the online marketplace and online games.
This blockchain technology platform will be useful for those who love to play cryptocurrency and win at the same time, it's just that you collect some digital money and predict its behavior. The more you do, the more profit you will get on this platform. Why it's profitable to use it: because everyone will be completely transparent, open, this is not to bet or play. FundFantasy intends to do so in the online trading market.
Overview of the platform
- Fully transparent: All contest details are in advance and available for review before signing in. Once the contest begins, users can view and compare their portfolios with those filed by their opponents.
- Very Fair: Asset prices are based on accurate and publicly available data from known and respected data mining. The wallet is encrypted until the competition is blocked and started, and therefore can not be accessed even for FundFantasy employees.
- Easy to use: a very intuitive gameplay. Users allocate US $ 1 million virtual for their long / short position on the assets available on our platform.
- Social: Users can create their own contest and invite their friends.
- Cost savings: Users can participate in FundToken, BitCoin and Ether prizes
- Low Fee: FundFantasy only charges up to 10% of each contest.
- No ownership of tangible financial assets
- No conflict of interest
- Responsible games and self-isolation: Users can limit and restrict their own gambling behavior.
- Multiplier Competition: Users have the opportunity to win x2, x3 participation fee
- Lottery Prize: High level competition will enable winners to win big prizes.
- Low entry barrier: Free contests are also available.
- Multiple Allowed Entries: Users can design and submit the best portfolio they can think of.
- Much more fun!
FundFantasy is an online social platform that offers a fair, demonstrable, and well-simulated peer-to-peer investment competition, where users compete for prizes by creating the highest portfolio. Contests vary in duration and can range from 1 hour to a full year. Participation in a competition is conducted by:
- Purchase a ticket and thus contribute to the contest prize. FundFantasy charges 5 to 10% for each contest and the rest is distributed among the winners as a prize, according to the award model. These costs are used for operational and marketing purposes, as well as funding FundFantasy Fund (FFPP).
- Create and submit portfolios. Users, when creating their portfolio, can select assets from different asset classes, including stocks, commodities, cryptocurrencies and fiat currencies. User-submitted portfolios are ranked and ranked at the end of the contest based on their rate of return, which is calculated based on bids from existing and known API data. Portfolios are encrypted from when they are submitted by users and published only after the commencement of the contest. This solves the problem of asymmetric information that can occur when a fantastic employee has access to a portfolio submitted by a user;
FundFantasy is a refreshing and new investment fantasy experience, and we are proud to be the ones who introduce this fantastic new category into a decentralized economy. The fantasy model has proven its popularity and massive acceptance in the United States as in the case of Daily Fantasy Sports (DFS). FundFantasy creates a lost link between two popular markets by providing a safe, proven and efficient way to play the role of investment manager / investor, to rank and win prizes in the first game of its kind.
FundFantasy Ecosystem
The current landscape
Since our platforms and games are the first of its kind, there are currently no active direct competitors. Our users share common features with users of the following platform types:
- Online Broker-Dealer +
Daily Sport Fantasy - Poker Sites
On line - Online Casino
- Online Lottery + Betting Sports Site
Our platform appeals to fantasy gamers and online merchants. Our users will be:
- Merchants who want to take the time out of their everyday hustle and bustle, and want to play a fun and simplified version of the real thing, with a fixed risk level and a high payout opportunity. .
- Players who want to play new games, and want to try their economic analysis techniques, or want to get to know the investment world, play simulated versions while competing with FundToken, BTC, ETH and other prices.
As Michael J. Gutmann puts it:
"Trade and gambling are both fundamentally stochastic ... [and] similar as they both seek to create capital gains in a relatively short period of time"
In a study in Taiwan in 2015, researchers Xiaohui Gao and Tse-Chun Lin hypothesized it
"Individual investors treat trade as a fun and exciting game activity, involving substitutions between these activities and alternative game opportunities ... individual investors trade less on big jackets or, equally, there is a substitution effect between"
Online exchange market
People who are actively involved, independent investments are now an integral part of the social landscape. According to Celent 2015:
"The independent investor segment grew faster than the non-self-directed segment (4.9% and 1.4% respectively) ... The US resident allowance against traditional investors and more towards active investors and .... Women and the millennium will continue to access self-managed markets for all customer segments, slowly changing the profile of self-managed investors. "
This means that the market is already educated (and growing) in the art of capital allocation, which is the main topic of FundFantasy. Users can use FundFantasy platform with easy intuitive.
It is also widely known that online retailing is a huge market, to say the least. According to the Bank for International Settlements (BIS):
"The volume of retail exchange transactions accounted for 5.5% of the total foreign exchange market ($ 282 billion in
daily turnover) ... the foreign exchange market averaged $ 5.1 trillion per year. day in April 2016. "
And in emerging markets:
In Hong Kong, "online retail accounts for 47% of the total exchange of individual investors, up from 44% in 2014/15".
In Thailand, "online retail trade jumped 239 percent to 1 trillion baht ($ 30.72 billion) in February from a year earlier."
Unfortunately, the e-commerce industry has been plagued by numerous allegations of falsehood and direct fraud. One can imagine that this kind of practice will become a historical relic in the Internet era, which until now is characterized by a massive flow of information and relative transparency. This, however, still has to happen. The latest example is FXCM9. From Wikipedia:
"On February 6, 2017, CFTC imposed a $ 7 million fine on FXCM for defrauding its retail customers. The Commission finds that the closely related company is the major market maker for its transactions and that FXCM lies to its customers about the market maker. FXCM received $ 77 million "rebates" from Market Maker ... [The CFTC] forbade companies to register with the CFTC, effectively banning it from the US commodity brokerage industry "
This is a highly regrettable case, because FXCM is the first publicly traded broker and for many years the largest retail exchange broker. What's more surprising is that this is not the first time. From Wikipedia:
In December 2010, FXCM went public and started trading on the NYSE, becoming the first forex broker in the United States to issue shares to the public. The following year, in February and March 2011, several classroom actions were filed against FXCM, alleging fraud and extortion arising from deceptive and unfair business practices, and misleading shareholders at the IPO 2010. In August 2011, the NFA fined FXCM $ 2 million for tax evasion. "
This type of behavior has also been exposed in the UK, where, according to FCA's Director of Law and Finance Enforcement, Tracey McDermott
"Between August 2006 and December 2010, FXCM Group maintained its profits thanks to favorable market movements between time orders made by FXCM UK and executed by FXCM Group, while the losses were fully forwarded. customer. skid price "
It is important to note that the purpose of this analysis is not to specifically criticize FXCM, but to ask a number of questions:
- How do serious mistakes and violations such a belief continue for so long? large scale? Do these allegations ignore the fiduciary standards exclusive to the companies mentioned above, or does this permeate across the industry?
- How effective is the current community method of handling this issue? Should we wait for the next scandal to come out and millions of dollars in savings disappear again?
- Should all retailers, holding foreign currency for the sole purpose of offsetting capital gains, put themselves at the mercy of the predator mediator?
The answer put forward by the FundFantasy team is the resounding three "No's". - Although it assumes that other industry giants act in good faith, a transparent and unbelieving platform will definitely improve the conditions of retailers.
The "slap-on-the-wrist" approach has failed for years. - Investors looking for dividends can still buy shares or bonds that pay dividends - but in fact the majority of retail traders in currencies, commodities and stock markets do so for the purpose of speculating. capital gains.
The online trading market is ready for the occasional, fun, direct and completely transparent platform for financial speculation, without the massive counterparty risks that are currently involved.
Online gambling market
The online gaming market is one of the fastest growing segments of the gaming industry. According to KPMG,
"H2 Gambling Capital, the leading provider of data and information in the global gaming market, estimates the size of the global online game market of about $ 21 billion, reaching $ 30 billion by 2012. But as the popularity of online gambling and entertainment continues to grow, the online gaming market is undoubtedly a an exciting expansion area for software developers, casinos, and other land-based game operators. and new entrants and investors in the industry. "
According to the Sports Fantasy Trade Association
"Daily fantasy players have doubled over the past two years." 56.6 million people practice some form of fantasy sports online in the United States and Canada. 57% have college degrees or higher, and 47% report income of $ 75,000 or more. 66% appreciate full time work. "
The online gaming market has reached the plateau while new games have not been introduced since the birth of Daily Fantasy Sports (DFS). The expansion of the fantastic models from the sports betting industry to the financial speculation market is very natural and intuitive, some even say more than just sports.
FundFantasy leads the battle for transparent and transparent games. Like any Fantasy game platform; Access to User-Provided Portfolio Databases Provide Unnecessary Benefits While the two major US-based DFS providers forbid their own employees and their competitors, the FundFantasy data is fully encrypted and inaccessible to the FundFantasy team and employees. Portfolio data is only released after the commencement of the contest. In the context of transparency and the predictability of justice, FundFantasy is fortunate to position itself as the first supplier in a full market and to gain a big foothold, for the benefit of the ERC20 token holders and the FundFantasy community in it. together. .
Platform
FundFantasy
Our self-owned platform is built and operational, and an alpha version must be launched in the coming months. The contest will be published in the platform lobby. All details must be reviewed by the user before entering the contest, including ticket price, cost, price, date and duration, entry, etc. Because of the fixed price of Notes, the risk of participation is known in advance and is not dependent on market volatility.
The asset price comes from a well-known and respected third-party financial data provider. The wallet is encrypted from the moment they are delivered until the contest strikes and begins, at which point they will be seen by the contest participants, which will make our contest proven from top to bottom.
Although the game revolves around financial assets, our platform does not purchase any financial assets on behalf of clients - but rely solely on market data to make relevant calculations. As such, it is characterized by a much lighter attitude, lower counterparty risk, total transparency and higher revenue opportunities. Users participate in the contest by purchasing tickets and submitting their wallets. Contests vary in duration, size, asset class and other variables. Decentralized smart contracts manage the entire process. deposits, ticket purchases, contests, prize payments and withdrawals are made without human intervention.
Testing and market validation
Our alpha version has been successfully tested with over 100 users. Surveys that have been conducted among users show that:
- 46% will play regularly in FundFantasy
- 31% have fun and maybe will play once a week
- 14% Prefers to exchange / invest the old way
- 9% "n 'do not like financial things"
You can participate in ICO and buy your chips. Details in this image:
Description of promotional gift
1 Each gift has its own requirements, do not forget to run it.
2 Participants may request participation in various awards
3 You can only win one ticket for our exclusive award contest.
4 All banuti will soon be distributed after Crowdsdale ends.
For the prize, 2% is given (1.6 million FUNDZ) - 1600 ETH
INFORMATION ABOUT THE FORUM
Website: http://www.fundfantasy.io/
White Paper: http://fundfantasy.io/assets/pdf/Whitepaper_en_v1.2.pdf
Bitcointalk Theme: https://bitcointalk.org/index.php?topic = 2579363
SOCIAL COMMUNICATIONS MEDIA!
Medium: https://medium.com/@fundfantasy
Telegram: https://t.me/fundfantasy
Official Twitter: https://twitter.com/fund_fantasy
Official Facebook: https://www.facebook.com/FundFantasy/
https://bitcointalk.org/index.php?action=u=1524583;sa=forumProfile
Author : riki28
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