FundFantasy is the first worthy fair game platform for financial lovers, based on blockchain technology. Our platform provides trouble-free and transparent games and is therefore a natural solution to known problems in both online trading and online gaming / gambling.
WEB SITE | AVERAGE | TWITTER | FACEBOOK | TELEGRAM | ANNA
When the age-old sports betting industry was revolutionized by the growth of Daily Fantasy Sports, people were reminded that good ideas could change the world. This is what FundFantasy intends to do in the online trading market.
FundFantasy is currently beta testing its own financial fantasy competition platform that imitates investing in financial assets in a fun, safe and responsible environment, without conflicts of interest that hit both markets.
Highlights of the platform
+ Fully transparent: all the details of the competition in advance and available for verification before entering. Once the competition begins, users can view and compare their portfolios with those that were presented by their opponents.
+ Simple fair: asset prices are based on accurate publicly available data from well-known and respected financial data APIs. Portfolios are encrypted until the contests are closed and start, and thus they are not available even to the fund's employees.
+ Easy to use: very intuitive gameplay. Users allocate 1 million virtual US dollars for their long / short positions on the assets available on our platform.
+ Social: users can create their own competitions and invite their friends.
+ Profitable: Users can participate in contests, which have prizes FundToken, BitCoin and Ether
+ Low commission: FundFantasy only charges 10% of each tender.
+ Actual ownership of financial assets
+ Conflicts of interest
+ Responsible gaming and self-exclusion: users can limit and limit their behavior.
+ Multiple competitions: users have a chance to win x2, x3 participation costs.
+ Prizes of lottery sizes: The best heavy contests will allow the winner to receive hefty prizes.
+ Low entry barriers: free contests are also available.
+ Several entries are allowed: users can create and represent the best portfolios they can think of.
+ Much more fun!
FundFantasy is an online social platform featuring peer-to-peer, arguably fair simulated investment contests in which users compete for prizes, creating a final portfolio. Contests vary in duration and can vary from 1 hour to a full year. Participation in the competition is carried out:
1. Purchase of a ticket and, thus, making a prize in the prize fund. FundFantasy charges a fee of 5-10% of each competition, and the rest are distributed among the winners as prizes in accordance with the distribution model of the prize. The fee is charged for operational and marketing purposes, as well as for funding the FundFantasy Prize Fund (FFPP).
2. Creation and presentation of the portfolio. Users, when creating their portfolios, can choose assets from different asset classes, including stocks, goods, crypt currencies and currency fiat. These user portfolios are sorted and ranked as soon as the competition ends according to their rate of return, calculated on the basis of price quotes from established and well-known financial data APIs. Portfolios are encrypted from the moment they are submitted by the user and are published only after the start of the competition - so we solve the problem of asymmetric information that can arise when the employees of the fantasy access have access to the portfolios presented by users; this situation can be used by management or employees who receive an unfair advantage.
FundFantasy is a refreshing and new investment-fantastic experience, and we are proud to present this new category of fantasy for a decentralized economy. The fantasy model has already demonstrated its popularity and mass recognition in the US, as is the case with the Daily Fantasy Sports (DFS). FundFantasy creates the missing link between the two popular markets, providing a safe, provably fair and simplistic way to play the role of investor / fund manager, advance in rank and win prizes in the first game of its kind.
Ecosystem Fund Fantasy:
Current landscape:
Since our platform and game are the first of its kind, there are currently no active direct competitors. Our users have a common characteristic with users of the following types of platforms:
+ Online broker-dealers
+ Daily fantasy sports
+ Online Poker Sites
+ Online Casino
+ Online lotteries
+ Sports betting
Our platform attracts both fans of fantasy and online traders. Our users will either:
1. Traders who want to relax a little from their burdensome daily bustle and want to play a cheerful, simplified version of a real thing with a fixed level of risk and chances of high payouts.
2. Gamers who want to play a new game would like to either try their economic analysis skills, or would like to get acquainted with the world of investment by playing a simulated version, competing for FundToken, BTC, ETH and other prizes.
As Michael J. Gutman said:
"Trade and gambling are fundamentally stochastic ... [and] similar to the fact that they are both trying to create capital gains over a relatively short period of time"
In a study conducted in Taiwan in 2015, researchers Xiaohui Gao and Tse-Chun Lin hypothesized and found that
"Individual investors view trade as fun and exciting gambling, implying a substitution between this activity and alternative gambling opportunities ... individual investors trade less on large days of the lottery or jackpot or, what is the same, that there is a substitution effect between stock trading and lottery participation ".
Online trading market:
People who are engaged in active, self-directed investment, are now an integral part of social landscapes. According to the Celent 2015 report:
"The segment of the self-directed investor is growing faster than the segment without self-management (4.9% and 1.4% respectively) ... The self-directed population of the United States is reconfigured from traditional investors and more to an active investor and active trader .... Women and millennia will be continue to enter the market, focused on self-control, in all segments of customers, slowly changing the average profile of an independent investor. "
This means that the market has already received education (and is becoming more and more) in the field of capital allocation, which is what the core of FundFantasy is. Users can use the FundFantasy platform with intuitive ease of use.
It is also widely known that retail online trading is at least a very large market. According to the Bank for International Settlements (BIS):
"The volume of retail trade in foreign exchange amounted to 5.5% of the total foreign exchange market (282 billion US dollars
daily trading turnover) ... in April 2016, foreign exchange markets averaged $ 5.1 trillion a day.
And in emerging markets:
In Hong Kong, "Retail online trading accounted for 47 percent of total retail investors, compared to 44 percent in 2014-15."
In Thailand, "retail sales on the Internet in February increased by 239 percent to 1 trillion baht (30.72 billion US dollars)
Unfortunately, the online trade industry suffers from many accusations of misconduct and frank fraud. One might assume that such practices will become a historical relic in the era of the Internet, which until now has been characterized by massive information flows and a relative increase in transparency. This, however, is not all. A recent example is FXCM9. From Wikipedia:
"On February 6, 2017, the CFTC imposed a $ 7 million fine on FXCM for deceiving its retail customers. The Commission found that the company closely associated with it acts as the main market maker for its transactions and that FXCM lies to its clients about market-makers. FXCM received $ 77 million in "discounts" from the market maker ... [The CFTC] banned the company from registering with the CFTC, effectively banning it from the American commodity brokerage industry,
This is a very unfortunate case, since FXCM was the first publicly traded currency broker and for many years is the largest foreign currency trading broker. More surprisingly, this was not the first time. Again from Wikipedia:
"In December 2010, FXCM became public and began trading on the NYSE, becoming the first forex broker in the US to issue shares to the public .... The following year, in February and March 2011, several lawsuits were filed against FXCM on suits , which talked about fraud and racketeering from deceptive and unfair trade practices and deceiving shareholders during the 2010 IPO. In August 2011, NFA fined FXCM for $ 2 million for abuse of official information. "
These types of behavior were also represented in the UK, where, according to FCA director for enforcement and financial crimes, Tracy McDermott
"During the period from August 2006 to December 2010, FXCM Group retained profits from favorable market movements during the time when orders were placed by FXCM UK and executed by FXCM Group, while any losses were transferred to customers in full - a practice known as asymmetric slippage of prices. "
It is important to note that the purpose of this analysis is not to specifically use FXCM, but to ask a number of questions:
+ How can such misconduct and such serious breaches of trust last so long and on such a large scale? Is this supposedly ignoring fiduciary standards solely for the aforementioned companies or do they permeate the entire industry?
+ How effective is the current method of communicating with these problems? Should we wait until another scandal occurs, when millions of dollars of savings will be lost again?
+ Should all retailers owning foreign exchange with the sole purpose of crediting capital gains put themselves in the power of predatory intermediaries?
The answers suggested by the FundFantasy team are three loud "No".
+ even assuming that other industrial giants act benevolently, a transparent and defenseless platform will certainly improve the conditions of retail traders.
+ Post-sad approach "slap on the wrist" has failed for many years.
+ Investors who are looking for dividends can always buy dividend income shares or bonds, but the truth is that most retail traders in the currency, commodity and stock markets do this for the sole purpose of speculating on capital gains, that is gambling,
The online trading market is ready for a casual, fun, simple and completely transparent platform for financial speculation without the huge counterparty risks that are currently involved.
Game market online:
The online games market is one of the fastest growing segments of the gambling industry. According to KPMG
"H2 Gambling Capital, the leading provider of data and market information in the global gambling industry, puts about $ 21 billion on the global online gaming market, by 2012 it will reach $ 30 billion. But it could just be a reduction in the ocean ... Since the popularity of both gambling and online entertainment continues to grow, the online gaming market is without a doubt an attractive area of expansion for software developers, casinos and other gambling operators on the ground, related suppliers and newcomers and investors in the industry. "
According to the Fantasy Sports Association
"Daily fantasy players have doubled in the past two years. 56.8 million people play online fantasy sports in the United States and Canada. 57% have a higher education or higher, and 47% report a household income of 75,000 or more. 66% enjoy full employment. "
The online games market has now hit a temporary plateau, as new games have not been introduced since the advent of Daily Fantasy Sports (DFS). The expansion of the fantasy model from the sports betting industry to the financial speculation market is very natural and intuitive, some say even more than in the sport.
FundFantasy is fighting for a completely transparent and provably fair game. As with any Fantasy gaming platform; Access to the portfolio of the portfolio provided by the user gives an unfair advantage. Although both major DFS service providers in the US applied a ban on their employees and employees of their competitors, the FundFantasy portfolio data is completely encrypted and is not available to FundFantasy employees and employees. Data on the portfolio are published only after the start of the competition. Thanks to the retrospective and objective progress FundFantasy perfectly copes with positioning itself as the first provider in an untouched market and thus receives tremendous support for the benefit of our ERC20 token owners and the FundFantasy community as a whole,
Platform:
FundFantasy:
Our self-financing platform is already built and working, and the alpha version is planned to be launched in the coming months. Competitions will be published in the hotel lobby. All the details are designed to familiarize the users before entering the competitions, including the ticket price, fees, prizes, date and duration, records, etc. Because ticket prices are fixed, the risk of participation is known in advance and does not depend on the volatility of the market.
Asset prices come from well-known and respected third-party financial data providers. Portfolios are encrypted from the moment they are filed until the contest closes and starts, and at that moment they will be visible to the contest participants, making our contests provably fair from the top down.
Although the game revolves around financial assets, our platform does not buy any financial assets on behalf of customers - it uses only market data to conduct appropriate calculations. As such, it is characterized by a much easier relationship, a lower counterparty risk, full transparency and a chance of higher payouts. Users enter contests, buying entrance tickets and sending their portfolios. Contests vary in duration, size, asset classes and other variables. Decentralized intellectual contracts will manage the entire process; deposits, ticket purchases, contests, prize payments and withdrawals are made without the participation of a person.
Testing and checking the market:
Our alpha version has been successfully tested with more than 100 users. Polls that were made among users show that:
+ 46% will regularly play in FundFantasy
+ 31% enjoyed and probably played once a week
+ 14% will rather trade / invest in old-fashioned ways
+ 9% "do not like financial material"
if you are really interested in the FundFantasy project, follow me to see part 2.
KARMA What is karma? Karma is a courageous initiative that leverages the power of decentralization and blockchain technology to empower membership-based organizations worldwide. Our slogan perfectly reveals Karma's vision: The World's First Centered Shortcut Community Network. This is far more than just a slogan for us, but rather the basis for all our combined efforts. Our mission is to be a core provider of such a tool - empowering communities of all shapes and sizes and enabling them to scale new heights. All this while giving them support and incentives along the way. The blockchain capability of the Karma Protocol and, more specifically, Karma International Token (KIT), lays the foundation for all these efforts: enabling organizations to launch, manage, build and operate in Karma and ensure that modules are evolving, sustainable and diverse. and support the ecosystem. Karma also integrates the best offchain breed technology to provide a truly optimized and modul...
DeepGold Altcoin terunik yang akan hadir ,Ciptakan kota dengan sebuah Crypto Hello Brother :) Disini saya akan menceritakan salah satu cryptocurrency yang dinominasikan paling unik untuk dimasa depan yang akan datang . Setiap altcoin mempunyai salah satu visi dan misi untuk hadir di dalam dunia cryptocurrency . Deep Gold salah satu altcoin yang berbasis ethereum ERC20 . Mempunyai daya tarik tersendiri . Deep adalah dunia fantasi dimana kita bisa membangun kota untuk menjadikanya investasi di dunia maya . Ibarat memainkan game namun menghasilkan keuntungan yang panjang sembari berinvestasi aman dan menghindari turunya stabilitas harga di pasar . Membangun kota sendiri menggunakan Deep token . Deep Api ialah server yang menampung seluruh user Deep . Ketika anda mempunyai token anda dapat membangun kota atau menjualnya di market exchange . Seluruh user yang bermain di Deep dapat menjual aset kota nya pada user yang lainya . Token DEEP 100.000...
PLENTIX Plentix is? Plentix is a decentralized blockbain based platform and app that aims to connect and reward all participants in the online referral program. Plentix is a multifunctional decentralization platform, as well as multifunctional applications, whose base is block. In high-priority platform connections, and, therefore, remuneration of all contingent participants in the referral system shown. Various developers can build this decentralized platform without uncomplicated blockades, given the complex platform schemes. The intellectual contract is as safe as possible, which simplifies the work of programmers and specialists in one area of activity, which significantly reduces costs, if necessary. Products offered by Plentix Now you can try the alpha version of our product, click below and test. The first client of our product is our Token Sale team, now you can enjoy Plentix decentralized apps and get prizes in many tokens. ...
Komentar
Posting Komentar