FundFantasy is the first reliable fantasy game platform for financial fans, supported by blockchain technology. Our platform allows unsafe and transparent games, and therefore is a natural solution to well-known problems in both the online trading world and the online gaming / gambling market.
When the old sports betting industry was revolutionized by the rise of Fantasy Daily Sports, people were reminded of the fact that good ideas can change the world. This is exactly what FundFantasy wants to do into online trading market.
FundFantasy is currently testing its own Fantasy Finance Platform beta that simulates investments in financial assets in a fun, safe, and responsible environment, free of any conflict of interest that plagues both markets.
Ikhtisar Platform
- Fully transparent: All contest details are upfront and available for inspection before admission. Once the contest begins the user 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 well-known and respected API financial data. The portfolio is encrypted until the contest locks and starts, and is therefore inaccessible even to FundFantasy employees.
- Easy to use: A very intuitive gameplay. Users allocate 1 million virtual virtual dollars to their long / short positions on the assets available on our platform.
- Social: Users can create their own contest and invite their friends.
- Beneficial: Users can participate in a contest that brings FundToken, BitCoin, and Ether prizes
- Low cost: FundFantasy costs only up to 10% of each contest.
- No actual ownership of financial assets
- There is no conflict of interest
- Responsible Games & Self-Exclusion: Users can limit and limit their own gaming behavior.
- Multiplier contest: User has the opportunity to win x2, x3 of participation fee.
- Reward prizes: A top-heavy contest will ensure the winner gets a decent prize.
- Low entry barriers: Free contests are also available.
- Multiple Entries allowed: Users can create and submit the best portfolio they can think of.
- Much more fun!
FundFantasy is an online social platform featuring a peer-to-peer, provably-fair simulated investment contest where users compete for prizes by creating a major portfolio. Contests vary in duration and can range from 1 hour to a full year. Participation in a contest is done by:
1. Purchase a ticket and thus contribute to the prize gift. FundFantasy charges 5-10% of each contest and the rest is distributed among the winners as a prize, according to the prize allocation model. These costs are used for operational and marketing purposes and fund the FundFantasy Prize Pool (FFPP).
2.Make and submit portfolio. Users, when creating a portfolio they can select assets from different asset classes including stocks, commodities, cryptography, and fiat currencies. These user-submitted portfolios are ranked and ranked immediately after the contest ends according to their rate of return, which is calculated based on the price quotation from the well-established and well-established financial data API. Portfolios are encrypted from when they are submitted by users and are only published after the contest begins - in this way we solve asymmetric information problems that can occur when fantasy employees have access to the portfolio submitted by users; Such situations can be exploited by management or employees to gain an unfair advantage.
FundFantasy is a refreshing and new investment fantasy experience, and we are proud to be the people who introduce this new fantasy category to a decentralized economy. The fantasy model has shown popularity and mass acceptance in the US as in the case of Daily Fantasy Sports (DFS). FundFantasy creates a lost link between two popular markets by providing a safe, provably-fair, and simplified way to play the role of investment manager / investor, promotion, and prize winning. in the first game of its kind.
FundFantasi Ecosystem:
Current view:
Since our platforms and games are the first of its kind, there are currently no direct competitors active. Our users share common characteristics with users of the following platform types:
> Broker-Dealer Online
> Daily Fantasy Sports
> Online Poker Sites
> Online Casinos
< Online Lotteries
> Sports Betting Sites
Our platform appeals to fantasy gamers and online merchants. Our users will be:
1. Merchants who want to take the time out of the hectic everyday bustle, and want to play a fun and simplified version of the real thing, with a fixed risk level and high payout opportunities.
2. Gamers who want to play new games, and want to try their economic analysis skills, or want to get acquainted with the investment world, by playing simulated versions while competing with FundToken, BTC, ETH and other prizes.
As Michael J. Gutmann did:
"Trade and gambling are both fundamentally stochastic ... [and] similar as both seek to create capital gains, in a relatively short period of time"
In a 2015 study conducted in Taiwan, researchers Xiaohui Gao and Tse-Chun Lin hypothesized and discovered it
"Individual investors treat trade as a fun and exciting gambling activity, which implies a substitution between this activity and an alternative gambling opportunity ... Individual investors trade less on a big jackpot day, or equivalent, that there is a substitution effect between stock trading and lottery participation. "
Online Trading Market:
People who are actively involved, independent investments are now a regular 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 self-reliant population rebounds from traditional investors and more towards active investors and active traders. . Women and the millennium will continue to enter self-directed markets across all customer segments, slowly changing the profile of the self-directed average investor.
This means that the market is already educated (and more) in the art of capital allocation, which is at the heart of FundFantasy. Users can involve the FundFantasy platform with easy intuitive.
It is also widely known that retail online trading is a huge market, to say the least. According to the Bank for International Settlements (BIS):
"The volume of retail foreign exchange trading represents 5.5% of the total foreign exchange market ($ 282 billion in 2007)
daily trade turnover) ... the foreign exchange market averaged $ 5.1 trillion per day in April 2016. "
And in emerging markets:
In Hong Kong, "Retail online trading accounts for 47 percent of total retail investor trade, compared to 44 percent in 2014/15".
In Thailand, "Online retail trade jumped 239 percent to 1 trillion baht ($ 30.72 billion) in February from a year earlier.8"
Unfortunately, the online trading industry has been plagued by numerous allegations of falsehood and direct fraud. One would imagine that this kind of practice would become a historical relic in the Internet age, which has so far been characterized by a massive flow of information and a relative increase in transparency. This, however, has not happened yet. The latest example is FXCM9. From Wikipedia:
"On February 6, 2017, CFTC imposed a $ 7 million fine for FXCM for deceiving its retail customers.The Commission finds that the closely related company acts as the primary market maker for its trade, and FXCM lies to its customers about the market maker FXCM receives $ 77 million "discounts" from market makers ... [CFTC] forbids companies to register with the CFTC, which effectively prohibits it from US commodity brokerage industry "
This is a very unfortunate case, because FXCM is the first publicly traded foreign exchange broker, and for many years has been the largest retail forex broker. What's even more surprising is this is not the first time. Again from Wikipedia:
"In December 2010, FXCM went public and started 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 class action lawsuits filed against FXCM, and extortion of deceptive and unfair trading practices, and misleading shareholders during the 2010 IPO. In August 2011, the NFA fined FXCM $ 2 million for skid malpractice. "
This type of behavior is also on display in the UK, where, according to FCA's director of enforcement and financial crime, Tracey McDermott
"Between August 2006 and December 2010, the FXCM Group retained the advantage of favorable market movements between time orders made by FXCM UK and executed by FXCM Group, while losses were granted to clients as a whole - a practice known as asymmetric skid price."
It is important to note that the purpose of this analysis is not to slam FXCM specifically, but to ask some questions:
> How does such a bad behavior and violation of belief last so long and on a large scale? Is this considered to ignore the exclusive fiduciary standards for the companies mentioned above, or do they penetrate the entire industry?
> How effective is the current community method of handling this issue? Should we wait until the next scandal erupts where millions of dollars of savings will disappear again?
> Should all retailers, who have foreign currency for the sole purpose of gaining capital gain, put themselves at the mercy of the predator mediator?
The answer raised by the FundFantasy team is the three 'No's' resounding.
+ Despite assuming other industry giants are acting well, a transparent and endless platform is bound to improve the conditions of retail traders.
The "slap-on-the-wrist" approach has failed for years.
+ Investors looking for dividends can always buy dividends that generate stocks or bonds - but in fact the majority of retailers in the currency, commodity and stock market, do so for the purpose of speculation for capital gains, that is gambling. .
The online trading market is ready for a relaxed, fun, easy and transparent platform for financial speculation, without the risk of a large counterparty currently involved.
Online Games Market:
The online gaming market is one of the fastest growing segments of the gambling industry. According to KPMG
"H2 Gambling Capital, a leading supplier of data and market intelligence in the global gambling industry, places the global online game market size of approximately US $ 21 billion, reaching US $ 30 billion by 2012. But that may be just a decline in the ocean ... As the popularity of gambling and online entertainment continues to grow, the online gaming market is undoubtedly an exciting expansion area for software developers, casinos and other land-based gambling operators, related suppliers, and new entrants and industry investors. "
According to the Sports Fantasy Trade Association
"Daily fantasy players have doubled in the past two years, 56.8 million people play some form of online fantasy sports in the United States and Canada, 57% have college degrees or higher, and 47% report a $ 75,000 household income over 66% enjoy full-time jobs. "
The current online gaming market has reached the temporary highlands, 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 more than just sports.
FundFantasy leads the fight for games that are completely transparent and fun. As with any Fantasy game platform; access to user-submitted portfolio databases provides unfair advantage While both US-based DFS providers have imposed a ban on their own employees and their competitors, the FundFantasy portfolio data is fully encrypted and inaccessible to the FundFantasy team and its employees. Portfolio data is only published after the contest begins. Given the flexibility of transparency and fairness, FundFantasy has a good chance of positioning itself as the first provider in an untapped market and thus gaining a great foothold, for the benefit of our ERC20 token holders, and the FundFantasy community as a whole.
Platform:
FundFantasy:
The self-funded platform is built and operational, and the alpha version is scheduled to launch in the coming months. The contest will be published in the platform lobby. All details are upfront for users to be checked before entering the contest, including ticket prices, fees, prizes, dates & durations, entries and so on. Due to fixed ticket prices, 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. Portfolios are encrypted from the moment they are submitted until the contest is locked and started, at which point they will be seen by the contest participants, making our contest proved - fair 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 perform relevant calculations. As such, it is characterized by a much lighter attitude, lower counterparty risk, full transparency, and higher payout opportunities. Users enter the contest by purchasing entrance tickets and submitting their portfolios. Contests vary in duration, size, asset class, and other variables. A decentralized smart contract will govern the entire process; deposits, ticket purchases, contests, prize payments and withdrawals are all done without human intervention.
Test Run and Market Validation:
Our alpha version has been successfully tested with over 100 users. Polls conducted between users indicate that:
> 46% will play in FundFantasy regularly
> 31% enjoy themselves and may play once a week
> 14% prefer to trade / invest in the old-fashioned way
> 9% "do not like financial goods"
- Fully transparent: All contest details are upfront and available for inspection before admission. Once the contest begins the user 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 well-known and respected API financial data. The portfolio is encrypted until the contest locks and starts, and is therefore inaccessible even to FundFantasy employees.
- Easy to use: A very intuitive gameplay. Users allocate 1 million virtual virtual dollars to their long / short positions on the assets available on our platform.
- Social: Users can create their own contest and invite their friends.
- Beneficial: Users can participate in a contest that brings FundToken, BitCoin, and Ether prizes
- Low cost: FundFantasy costs only up to 10% of each contest.
- No actual ownership of financial assets
- There is no conflict of interest
- Responsible Games & Self-Exclusion: Users can limit and limit their own gaming behavior.
- Multiplier contest: User has the opportunity to win x2, x3 of participation fee.
- Reward prizes: A top-heavy contest will ensure the winner gets a decent prize.
- Low entry barriers: Free contests are also available.
- Multiple Entries allowed: Users can create and submit the best portfolio they can think of.
- Much more fun!
FundFantasy is an online social platform featuring a peer-to-peer, provably-fair simulated investment contest where users compete for prizes by creating a major portfolio. Contests vary in duration and can range from 1 hour to a full year. Participation in a contest is done by:
1. Purchase a ticket and thus contribute to the prize gift. FundFantasy charges 5-10% of each contest and the rest is distributed among the winners as a prize, according to the prize allocation model. These costs are used for operational and marketing purposes and fund the FundFantasy Prize Pool (FFPP).
2.Make and submit portfolio. Users, when creating a portfolio they can select assets from different asset classes including stocks, commodities, cryptography, and fiat currencies. These user-submitted portfolios are ranked and ranked immediately after the contest ends according to their rate of return, which is calculated based on the price quotation from the well-established and well-established financial data API. Portfolios are encrypted from when they are submitted by users and are only published after the contest begins - in this way we solve asymmetric information problems that can occur when fantasy employees have access to the portfolio submitted by users; Such situations can be exploited by management or employees to gain an unfair advantage.
FundFantasy is a refreshing and new investment fantasy experience, and we are proud to be the people who introduce this new fantasy category to a decentralized economy. The fantasy model has shown popularity and mass acceptance in the US as in the case of Daily Fantasy Sports (DFS). FundFantasy creates a lost link between two popular markets by providing a safe, provably-fair, and simplified way to play the role of investment manager / investor, promotion, and prize winning. in the first game of its kind.
FundFantasi Ecosystem:
Current view:
Since our platforms and games are the first of its kind, there are currently no direct competitors active. Our users share common characteristics with users of the following platform types:
> Broker-Dealer Online
> Daily Fantasy Sports
> Online Poker Sites
> Online Casinos
< Online Lotteries
> Sports Betting Sites
Our platform appeals to fantasy gamers and online merchants. Our users will be:
1. Merchants who want to take the time out of the hectic everyday bustle, and want to play a fun and simplified version of the real thing, with a fixed risk level and high payout opportunities.
2. Gamers who want to play new games, and want to try their economic analysis skills, or want to get acquainted with the investment world, by playing simulated versions while competing with FundToken, BTC, ETH and other prizes.
As Michael J. Gutmann did:
"Trade and gambling are both fundamentally stochastic ... [and] similar as both seek to create capital gains, in a relatively short period of time"
In a 2015 study conducted in Taiwan, researchers Xiaohui Gao and Tse-Chun Lin hypothesized and discovered it
"Individual investors treat trade as a fun and exciting gambling activity, which implies a substitution between this activity and an alternative gambling opportunity ... Individual investors trade less on a big jackpot day, or equivalent, that there is a substitution effect between stock trading and lottery participation. "
Online Trading Market:
People who are actively involved, independent investments are now a regular 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 self-reliant population rebounds from traditional investors and more towards active investors and active traders. . Women and the millennium will continue to enter self-directed markets across all customer segments, slowly changing the profile of the self-directed average investor.
This means that the market is already educated (and more) in the art of capital allocation, which is at the heart of FundFantasy. Users can involve the FundFantasy platform with easy intuitive.
It is also widely known that retail online trading is a huge market, to say the least. According to the Bank for International Settlements (BIS):
"The volume of retail foreign exchange trading represents 5.5% of the total foreign exchange market ($ 282 billion in 2007)
daily trade turnover) ... the foreign exchange market averaged $ 5.1 trillion per day in April 2016. "
And in emerging markets:
In Hong Kong, "Retail online trading accounts for 47 percent of total retail investor trade, compared to 44 percent in 2014/15".
In Thailand, "Online retail trade jumped 239 percent to 1 trillion baht ($ 30.72 billion) in February from a year earlier.8"
Unfortunately, the online trading industry has been plagued by numerous allegations of falsehood and direct fraud. One would imagine that this kind of practice would become a historical relic in the Internet age, which has so far been characterized by a massive flow of information and a relative increase in transparency. This, however, has not happened yet. The latest example is FXCM9. From Wikipedia:
"On February 6, 2017, CFTC imposed a $ 7 million fine for FXCM for deceiving its retail customers.The Commission finds that the closely related company acts as the primary market maker for its trade, and FXCM lies to its customers about the market maker FXCM receives $ 77 million "discounts" from market makers ... [CFTC] forbids companies to register with the CFTC, which effectively prohibits it from US commodity brokerage industry "
This is a very unfortunate case, because FXCM is the first publicly traded foreign exchange broker, and for many years has been the largest retail forex broker. What's even more surprising is this is not the first time. Again from Wikipedia:
"In December 2010, FXCM went public and started 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 class action lawsuits filed against FXCM, and extortion of deceptive and unfair trading practices, and misleading shareholders during the 2010 IPO. In August 2011, the NFA fined FXCM $ 2 million for skid malpractice. "
This type of behavior is also on display in the UK, where, according to FCA's director of enforcement and financial crime, Tracey McDermott
"Between August 2006 and December 2010, the FXCM Group retained the advantage of favorable market movements between time orders made by FXCM UK and executed by FXCM Group, while losses were granted to clients as a whole - a practice known as asymmetric skid price."
It is important to note that the purpose of this analysis is not to slam FXCM specifically, but to ask some questions:
> How does such a bad behavior and violation of belief last so long and on a large scale? Is this considered to ignore the exclusive fiduciary standards for the companies mentioned above, or do they penetrate the entire industry?
> How effective is the current community method of handling this issue? Should we wait until the next scandal erupts where millions of dollars of savings will disappear again?
> Should all retailers, who have foreign currency for the sole purpose of gaining capital gain, put themselves at the mercy of the predator mediator?
The answer raised by the FundFantasy team is the three 'No's' resounding.
+ Despite assuming other industry giants are acting well, a transparent and endless platform is bound to improve the conditions of retail traders.
The "slap-on-the-wrist" approach has failed for years.
+ Investors looking for dividends can always buy dividends that generate stocks or bonds - but in fact the majority of retailers in the currency, commodity and stock market, do so for the purpose of speculation for capital gains, that is gambling. .
The online trading market is ready for a relaxed, fun, easy and transparent platform for financial speculation, without the risk of a large counterparty currently involved.
Online Games Market:
The online gaming market is one of the fastest growing segments of the gambling industry. According to KPMG
"H2 Gambling Capital, a leading supplier of data and market intelligence in the global gambling industry, places the global online game market size of approximately US $ 21 billion, reaching US $ 30 billion by 2012. But that may be just a decline in the ocean ... As the popularity of gambling and online entertainment continues to grow, the online gaming market is undoubtedly an exciting expansion area for software developers, casinos and other land-based gambling operators, related suppliers, and new entrants and industry investors. "
According to the Sports Fantasy Trade Association
"Daily fantasy players have doubled in the past two years, 56.8 million people play some form of online fantasy sports in the United States and Canada, 57% have college degrees or higher, and 47% report a $ 75,000 household income over 66% enjoy full-time jobs. "
The current online gaming market has reached the temporary highlands, 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 more than just sports.
FundFantasy leads the fight for games that are completely transparent and fun. As with any Fantasy game platform; access to user-submitted portfolio databases provides unfair advantage While both US-based DFS providers have imposed a ban on their own employees and their competitors, the FundFantasy portfolio data is fully encrypted and inaccessible to the FundFantasy team and its employees. Portfolio data is only published after the contest begins. Given the flexibility of transparency and fairness, FundFantasy has a good chance of positioning itself as the first provider in an untapped market and thus gaining a great foothold, for the benefit of our ERC20 token holders, and the FundFantasy community as a whole.
Platform:
FundFantasy:
The self-funded platform is built and operational, and the alpha version is scheduled to launch in the coming months. The contest will be published in the platform lobby. All details are upfront for users to be checked before entering the contest, including ticket prices, fees, prizes, dates & durations, entries and so on. Due to fixed ticket prices, 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. Portfolios are encrypted from the moment they are submitted until the contest is locked and started, at which point they will be seen by the contest participants, making our contest proved - fair 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 perform relevant calculations. As such, it is characterized by a much lighter attitude, lower counterparty risk, full transparency, and higher payout opportunities. Users enter the contest by purchasing entrance tickets and submitting their portfolios. Contests vary in duration, size, asset class, and other variables. A decentralized smart contract will govern the entire process; deposits, ticket purchases, contests, prize payments and withdrawals are all done without human intervention.
Test Run and Market Validation:
Our alpha version has been successfully tested with over 100 users. Polls conducted between users indicate that:
> 46% will play in FundFantasy regularly
> 31% enjoy themselves and may play once a week
> 14% prefer to trade / invest in the old-fashioned way
> 9% "do not like financial goods"
FundFantasy:
The self-funded platform is built and operational, and the alpha version is scheduled to launch in the coming months. The contest will be published in the platform lobby. All details are upfront for users to be checked before entering the contest, including ticket prices, fees, prizes, dates & durations, entries and so on. Due to fixed ticket prices, 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. Portfolios are encrypted from the moment they are submitted until the contest is locked and started, at which point they will be seen by the contest participants, making our contest proved - fair 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 perform relevant calculations. As such, it is characterized by a much lighter attitude, lower counterparty risk, full transparency, and higher payout opportunities. Users enter the contest by purchasing entrance tickets and submitting their portfolios. Contests vary in duration, size, asset class, and other variables. A decentralized smart contract will govern the entire process; deposits, ticket purchases, contests, prize payments and withdrawals are all done without human intervention.
Test Run and Market Validation:
Our alpha version has been successfully tested with over 100 users. Polls conducted between users indicate that:
> 46% will play in FundFantasy regularly
> 31% enjoy themselves and may play once a week
> 14% prefer to trade / invest in the old-fashioned way
> 9% "do not like financial goods"
THE TEAM
ADVISORY BOARD
Hopefully this video can provide enlightenment
Hopefully this video can provide enlightenment
More information can be found at this link:
SITE WEB: https://www.fundfantasy.io/en_US/
MEDIUM: https://medium.com/@FundFantasy
TWITTER: https://twitter.com/@Fund_Fantasy
FACEBOOK: https://www.facebook.com/FundFantasy
TELEGRAM: https://t.me/joinchat/EcNc01DCfiuSTkxWAXITWA
ADS: https://bitcointalk.org/index.php?topic=2579363
GITHUB: https://github.com/FundFantasy/TokenSale
Author by: Kobro
https://bitcointalk.org/index.php?action=profile;u=1152789
ETH: 0x8f5ef4838E6E3Df2095B3beb6C149AdE718D5D07
SITE WEB: https://www.fundfantasy.io/en_US/
MEDIUM: https://medium.com/@FundFantasy
TWITTER: https://twitter.com/@Fund_Fantasy
FACEBOOK: https://www.facebook.com/FundFantasy
TELEGRAM: https://t.me/joinchat/EcNc01DCfiuSTkxWAXITWA
ADS: https://bitcointalk.org/index.php?topic=2579363
GITHUB: https://github.com/FundFantasy/TokenSale
Author by: Kobro
https://bitcointalk.org/index.php?action=profile;u=1152789
ETH: 0x8f5ef4838E6E3Df2095B3beb6C149AdE718D5D07
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