INTRO
The online gaming community is widely growing thanks to the penetration of internet technology. Specifically, the game of chess has been around for over 1,500 years and according to the latest reports, there are more than six hundred million people who play it widely.
The world’s largest chess portal called Chess.com, can only host up to five million players which is one percent of the total audience. Hence, this calls for a bigger platform where users can use one single platform to play, compete and earn.
The MindSports IO has created a platform for users to primarily create their own tournaments and games, and get rewarded with MIND tokens. Additionally they can also use the platform as a means to place token bets against others.
THE TECH AND ECOSYSTEM
MindSports IO is decentralized Ethereum token network where users can vote, host, govern and play MindSports powered by Ethereum, IPFS, Whisper and the MIND Registry. The main aim of the platform is to motivate users to participate in the development roadmap of MindSport IO.
MindSport IO is made up of 4 primary components- the MIND Community, Anti-Cheating Layers, MIND Games DApps and MindSports IO Development Team. Each component serves a distinctive function towards the ecosystem.
Website : https://www.mindsports.io/
The main features of the platform is to provide safe and secure platform for its users. Hence, they have deployed decentralized hosting process via the MIND tokens to host games for the users who wish to. They have also utilised Dapps to drastically reduce the costs involved in the verification process.
The MIND Community uses the tokens to facilitate users to suggest the kind of games that they wish to play and based on the feasibility, MindSports IO team to builds and deploys it in the network. The Anti-Cheating Layers protects the human players from any kind of malpractice. IT consists of three layers, namely Statistical Analysis Layer, Intelligent Reputation Layer and Community Layer.
The DApps and MindSports IO Development Team are for the purpose of voting and deploying the Mind DApps to Ethereum testnet.
Backed by Blockchain and Ethereum technology, MindSports has built an intelligent and trusted platform for users who wish to create, play and vote online rated intellectual games such as Chess, Draughts (Checkers), Xiangqi, Bridge and so on.
Website : https://www.mindsports.io/
ICO
The symbol of the token is MIND which is a ERC20 Token on the Ethereum Blockchain. The token can be used on the MindSports platform for Board Game Playing and Creating Rated Tournaments. The total supply is 50,000,000 MIND out of which 20,000,000 MIND tokens will be available for the purpose of crowd funding.
The crowdsale has already begun on Feb 5, 2018 and ended on Feb 14, 2018 at the cost of 10,000 MIND = 1 ETH.
Website : https://www.mindsports.io/
Majority of the funds earned will be allocated for the development of the MindSports platform and the marketing of the of their game tournaments.
CONCLUSION
They have a devoted team of developers and who are associated with governing bodies such as World Chess Federation (FIDE) and the International Mind Sports Association (IMSA). Their concept of incentivising users for game participation does not just create interest but also increases the overall awareness for all entertainment games and its immediate community.
For more details visit:
Website : https://www.mindsports.io/
Whitepaper : https://drive.google.com/file/d/0B23oU2WDqlyWZHNvM2ZZLWNrVmc/view
Published By: karanj
Btalk profile :https://bitcointalk.org/index.php?action=profile;u=1030341