As we all know, Fantasy Sport Leagues bring passionate sport fans together. These sport fans create their own fantasy sports team by compiling real life players on their virtual team. When the real life players do well in their real life games, the virtual team does well and the user who created the team is rewarded with funds from their prize pool.
So... how big is the Fantasy Sports Market?
If you haven't heard your friends talking about Fantasy Football or haven't heard of Fantasy Sports before, you may be wondering how much do people really spend on this stuff. As of June 2017, the fantasy sports industry’s market capitalization was more than $7 billion, with an average spending of $556 per player per year. Not to mention, in 2012 there were only 12.6 million players in 2005 and that numbers has exploded to over 60 million in 2017. Those numbers are just in the US and Canada. Imagine a global Fantasy Sports Market built on blockchain technology...
Why do Fantasy Sports need blockchain?
There are many problems faced with centralized Fantasy Sports platforms fans connect through. We'll use DraftKings and FanDuel as examples because well over $1 billion through their fan's funds. If someone decides to sign up for DraftKings and wins any funds, those funds are not allowed to be withdrawn from the platform unless they've gone through verification. This is set up to cause many problems. Just do a quick search on the internet about these specific platforms.
Here's an example:
"I was verified again on December 13, 2016 for my W-9 which also went smoothly. Since then I have won over $23,000. According to Draft Kings, I am a VIP customer but am not treated as such. Obviously, their verification process is flawed because now they insist that my account is no longer verified. My information has not changed. They claimed the method of payment was not valid because it was not made in my name, but had they advised me that there was any discrepancy with my account information, I would have gladly closed the account and opened a new one. It wasn’t until this past Monday that they suspended my account and insisted my account was not verified."
What a nightmare this can be. This is only one of the problems centralized fantasy sports platforms face. Some of the others include...
-Scandals from insiders that work for these huge companies or from people who have connections
-Lack of transparency
-Unknown regulations and constant changes of whether Fantasy Sports are legal in different states
-A universal currency that can be used globally
-Deposits and Withdraws, along with account suspensions
What does MyDFS bring to the table
MyDFS is the world's first blockchain-powered fantasy sports app. The project is going to bring a fully transparent, easy to use, global fantasy sports app for all the sport fans out there.
Proof of Success
Before working on MyDFS, the team has already launched successful fantasy sports platforms. UNTRENER.COM and FANTASY.KHL.RU are fantasy sports platforms that were built by the MyDFS team. Many ICO's end up refunding investor's funds because they delay or cancel their development of the future platform. MyDFS's experience has allowed them build the perfect fantasy sports app and continue to succeed in this industry.
A Truly Safe Platform from the legal problems
MyDFS offers their own unique, cryptocurrency that will replace fiat and all of the legal hassles with it. MyDFS has planned to provide all legal documents and licenses in order to be safe around the world.
Complete Transparency
The insiders of the centralized gaming platforms will be dealt away with because all of the game's data and transaction are open due to blockchain technology.
Effortless Verification
Becoming verified in order to use the platform is as simple as signing up with a valid email address and cryptocurrency wallet. Everyone can enjoy fantasy sports without the fear of account suspension and crazy verification.
Nearly Instant Withdraws and Deposits
With blockchain technology, winnings from a player's fantasy sports team are received almost instantly. Those tokens can be sold or traded without hesitations.
Fair Gaming
At any time, a centralized fantasy sports platform can change the rules to their games. MyDFS employs smart contracts so that the games can only be played by the rules originally stated.
New brokerage technology that will make fantasy sports investor friendly
MyDFS will bring new technology that will allow users to invest in other player's fantasy sports teams. The smart contracts will only allow the investor's money to be used only for the player's team, rather than the player potentially stealing the funds for himself or using the funds for something else besides the games.
Token Details
-The total supply of MyDFS tokens: 125 million tokens.
-TOKEN TYPE: Utility token
-HARD CAP: $40,000,000
-PRE-SALE: March 19, 2018 — `April 02, 2018
-ICO: April 9 2018 — May 7 2018
-TOKEN BASIC PRICE: 1 MyDFS token = $1
Token Distribution
55% - Marketing & Promotion
18% - Business Operation
13% - Development
8% - Legal and licence
6% - Other costs.
Why invest now?
MyDFS is a daily fantasy sport platform which is to be released in June right before FIFA. Daily fantasy sport industry counts up to 7 billion in revenue just from the US and Canada. The fantasy sports market is only going to grow and there's definitely a need for this platform.
Find out more about MyDFS
Website: https://mydfs.net/
Whitepaper: https://www.mydfs.net/whitepaper
Telegram: https://t.me/mydfs
Facebook: https://www.facebook.com/mydfs.page/
Twitter: https://twitter.com/@mydfs_net
Medium: https://medium.com/@mydfs
ANN Thread: https://bitcointalk.org/index.php?topic=3125668.0