DFS coin is certainly the next best thing in the field of Daily Fantasy Sports. It is implementing the idea of Blockchain technology as well as Blockchain into the field of Fantasy Sports.
For those who don't know much about Fantasy Sports, a brief overview is below:
Fantasy Sports is the virtual manifestation of sports having the same real life statistics of the players as well as all the strategic moves. The sports actually provides the means of earning as well as playing at the same time and same place. Fantasy sports have opened the ways of making money for sports enthusiasts.
All you have to do is make a team by opening a free account on Sports Fantasy platform and start competing against other players all over the World. A prize pool get maintained for all the tournament or one day series and the player who wins the tournament gets all the money. The money can also be withdrawn to the bank accounts as per the choice.
Now, let's have a look at DFS coin and it's importance within Fantasy Sports Industry:
Now, Fantasy sports have become a Billion Dollar industry participated by Millions of users all around the World on daily basis in order to earn a handsome amount of money. There are two major websites or companies which provides top notch services in Sports Fantasy named Draftsking & FanDuel.
But there is a concern, for every player playing for money, these websites only hold 10% of commission but out of that commission the majority of part goes to the payment transfer companies like Paypal, VISA or Mastercard which reduce the profits of these websites as well as higher charges do imposed on each transaction by players.
So, in order to solve this problem and providing a clean yet highly effective platform for Fantasy sports where no extra fees will be imposed as well as website's revenue will also be increased, the DFS Coin have been established.
DFS Coin is a Blockchain Based decentralized platform which allows it's users to compete with each other, for money or ranks virtually, using cryptocurrency i.e. DFS coin for only a minimal charge of .001 DFS per transaction while grabbing the opportunity to earn hugely after winning several games. In this manner, DFS platform will grow exponentially as well as Player's profitability will also get increased while they only have to pay very low commission for each transaction.
DFS Coin Statistics
DFS Coins are the in-built currency of DFS platform which can be used for several purposes within the platform. One can also convert them into other cryptocurrencies and transfer it to exchanges as per their choice.
On their website, DailyDraft, one can simply participate with only 1000 DFS coins in game whose reward pool consist of 450000 DFS coins. Although, for each sign-up each person gets free 1000 DFS coins in his own account.
DFS Coins has a total supply of 210 Million out which 42 Million have already pre-mined. DFS ICO got concluded recently and currently the coin is successfully trading at Coinexchnage.io and recently it got listed on Cryptopia Exchange as well.
Currently DFS coin is trading at 550 satoshi's for each coin and rising in value as we speak.
Let's Discuss About DraftDaily In Details:
DraftDaily is an exceptional website which provides a platform to all the users to meet their Fantasy sports likeness and turned it into reality. Draftsdaily features NBA, NHL, MLB and various contests related to all these sports in which anyone having an account is free to enter.
The players who wants to play for money can do it on Draftdaily. They can choose their team and compete against the users all over the world and the money which was set for prize pool will be there for the winning team to grab.
Draftdaily has a pretty unique and ease to use interface. But the unique thing about the Draftsdaily is that they have their own crypto currency which they take in use on their websites' transactions. All the transactions and betting on games is done in this cryptocurrency namely DFS Coin.
Conclusion
Although, this project is mainly for sports evangelists yet it has extremely value connected to it. We have learned above that there are millions of people who plays fantasy sports with full pleasure and enthusiasm. So, in future, DFS coin can provide extreme potential.
I would recommend everyone to have a look on their official website and get to know about this project more.
Thank you. !
DFS Coin Website: http://dfscoins.com/
Discord link : https://discord.gg/JSBgmVS
Draftdaily Website :https://draftdaily.com/
Coinexchange.io : https://www.coinexchange.io/market/DFS/BTC
Nova : https://novaexchange.com/market/BTC_DFS/
GitHub link : https://github.com/NicoDFS/DFSCoin