FUND FANTASY
Introduction
The online trading market is notorious for its wide variety of scandals and many accusations of fraud. Owing to the fact that it is one of the largest online markets, it stands out as one of the thirstiest markets for blockchain based solutions. While trading most financial assets on the blockchain is still not operational and streamlined, the vast majority of traders on foreign-exchange, stock and commodity exchanges are amateurs who buy and sell financial assets for the sole purpose of netting capital gains. Most retail traders only hold financial assets in order to sell at a higher price, and derive no benefit from the actual ownership of those assets. A peer-to-peer, blockchain-based simulated-investing platform that relies on real market data will allow retail traders to continue practicing financial analysis for profit, without the major counterparty risks that are presently involved. Supported by an ecosystem that propels growth and new user acquisition, and based on a deflationary currency, the FundFantasy platform will
revolutionize the online trading market.
revolutionize the online trading market.
FundFantasy
is a financial fantasy trading platform where users compete for prizes by creating a major portfolio. Thanks to our intuitive gameplay and blockchain-based technology – playing on our platform is fun and secure as it gets.
The Problems
1. The Gamers / Trader Dichotomy – In the world of financial investments there is almost no awareness of the trader / investor’s gambling instinct, and therefore the concept of
Responsible Gaming and Self-Exclusion is not applicable. It is all presumed to be
calculated risk. The founders of the FundFantasy project believe this to be a grave
injustice to retail traders and, after over 10 years of being retail traders, have come to the conclusion that it may be the root of the problem. It is not a secret that stock, futures and foreign exchange markets have benefited from a flocking of inexperienced gamblers to their shores. Unfortunately, due to the apparently responsible and diligent environment, these inexperienced traders do not see the slippery slope. With no one other than a sales agent / account manager to advise them, they are easily manipulated towards increased activity which benefits the agent as well as the brokerage regardless of the consequences.
Responsible Gaming and Self-Exclusion is not applicable. It is all presumed to be
calculated risk. The founders of the FundFantasy project believe this to be a grave
injustice to retail traders and, after over 10 years of being retail traders, have come to the conclusion that it may be the root of the problem. It is not a secret that stock, futures and foreign exchange markets have benefited from a flocking of inexperienced gamblers to their shores. Unfortunately, due to the apparently responsible and diligent environment, these inexperienced traders do not see the slippery slope. With no one other than a sales agent / account manager to advise them, they are easily manipulated towards increased activity which benefits the agent as well as the brokerage regardless of the consequences.
2. The Risk Management Complexity Problem – Owing to the nature of speculative
investments, traders and investors must accept the fact that risk is involved and take
measures to manage it. All investors want the prospects of large profits; some of them
are inclined to take more risk than others. This explains the popularity of trading on
margin in order to leverage their positions. Trading on margin, however, entails
calculations that are slightly more complex
amateur traders and average investors. This (margin) is one of the primary reasons for
which the majority of traders end up losing their initial investments. The solution that is
often proposed by the brokerage is to “start with a big investment capital” so as to
account for the risk and uncertainty involved.
investments, traders and investors must accept the fact that risk is involved and take
measures to manage it. All investors want the prospects of large profits; some of them
are inclined to take more risk than others. This explains the popularity of trading on
margin in order to leverage their positions. Trading on margin, however, entails
calculations that are slightly more complex
amateur traders and average investors. This (margin) is one of the primary reasons for
which the majority of traders end up losing their initial investments. The solution that is
often proposed by the brokerage is to “start with a big investment capital” so as to
account for the risk and uncertainty involved.
The Solution: FundFantasy
FundFantasy is an online social platform featuring peer-to-peer, provably-fair simulated
investing contests, where users compete for prizes by crafting the ultimate portfolio. Contests
vary in duration and can range from 1 hour to a full year. Participation in a contest is done by:
investing contests, where users compete for prizes by crafting the ultimate portfolio. Contests
vary in duration and can range from 1 hour to a full year. Participation in a contest is done by:
1. Purchasing a ticket and thus contributing to the contest’s prize pool. FundFantasy
charges a 5-10% fee from every contest and the rest is distributed among the winners
prizes, according to the prize allocation model. The fees are used for operating and
marketing purposes as well as to fund the FundFantasy Prize Pool (FFPP).
charges a 5-10% fee from every contest and the rest is distributed among the winners
prizes, according to the prize allocation model. The fees are used for operating and
marketing purposes as well as to fund the FundFantasy Prize Pool (FFPP).
2. Creating and submitting a portfolio. Users, when creating their portfolios can choose
assets from various asset classes including stocks, commodities, cryptocurrencies, and
fiat currencies. These user-submitted portfolios are sorted and ranked as soon as the
contest ends according to their rate-of-return, as 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 only published once the contest starts –
this way we solve the problem of asymmetric information which may result when
fantasy employees have access to the portfolios submitted by users; such a situation can
be exploited by management or employees gaining an unfair advantage.
FundFantasy is a refreshing and new investment-fantasy experience, and we are proud to be the ones introducing this new fantasy category to the decentralized economy. The fantasy model has already demonstrated its popularity and mass acceptance in the US as in the case of Daily Fantasy Sports (DFS). FundFantasy is creating the missing link between two popular markets by providing a safe, provably-fair, and simplified way to play the role of an investor / fund manager, move up in rank, and win prizes in the first game of its kind.
assets from various asset classes including stocks, commodities, cryptocurrencies, and
fiat currencies. These user-submitted portfolios are sorted and ranked as soon as the
contest ends according to their rate-of-return, as 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 only published once the contest starts –
this way we solve the problem of asymmetric information which may result when
fantasy employees have access to the portfolios submitted by users; such a situation can
be exploited by management or employees gaining an unfair advantage.
FundFantasy is a refreshing and new investment-fantasy experience, and we are proud to be the ones introducing this new fantasy category to the decentralized economy. The fantasy model has already demonstrated its popularity and mass acceptance in the US as in the case of Daily Fantasy Sports (DFS). FundFantasy is creating the missing link between two popular markets by providing a safe, provably-fair, and simplified way to play the role of an investor / fund manager, move up in rank, and win prizes in the first game of its kind.
The Platform
FundFantasy
Our self-funded platform is already built and operational, and the alpha version is scheduled to be launched in the coming months. Contests will be published on the platform’s lobby. All of the details are upfront for users to examine before entering contests, including ticket price, fees, prizes, date & duration, entries and so on. Since ticket prices are fixed, participation risk is known in advance and is independent of market volatility. Asset prices come from well known and respected 3rd party financial data providers. Portfolios are encrypted from the moment they are submitted until the contest locks up and starts, at which point they will be visible to the contests participants, making our contests provably-fair top to bottom. Although the game revolves around financial assets, our platform does not purchase any financial assets on behalf of the clients – it only relies on market data to conduct the relevant calculations. As such it is characterized by a much lighter attitude, lower counterparty risk, full
transparency, and chances at higher payouts. Users enter contests by purchasing entry tickets and submitting their portfolios. Contests vary in duration, size, asset-classes, and other variables. Decentralized smart contracts will manage the whole process; deposits, ticket purchases, contests, prize payouts and withdrawals are all done without human intervention. The platform will allow users to open and organize their own contests, invite their friends and even earn a percentage of the fee that is charged from the contests prize pool. This will considerably speed up the process of acquiring new users. In other words, users can profit from organizing contests on our platform.
transparency, and chances at higher payouts. Users enter contests by purchasing entry tickets and submitting their portfolios. Contests vary in duration, size, asset-classes, and other variables. Decentralized smart contracts will manage the whole process; deposits, ticket purchases, contests, prize payouts and withdrawals are all done without human intervention. The platform will allow users to open and organize their own contests, invite their friends and even earn a percentage of the fee that is charged from the contests prize pool. This will considerably speed up the process of acquiring new users. In other words, users can profit from organizing contests on our platform.
TOKEN INFO
- FundToken
- Token Symbol: FUNDZ
- Token Price at Launch: 1 ETH = 1000 FUNDZ
- Token Total Supply: 80,000,000 FUNDZ
- Deflationary
- FundFantasy will automatically burn 0.5% out of all FundTokens transactions.
- This means that the total supply of FundTokens will decrease over time.
- Utility
- FUNDZ will be used to purchase entry tickets to contests on the FundFantasy platform.
- Users will be able to purchase entry tickets to contests carrying BTC and ETH prizes at a discounted price.
- Undistributed Tokens
- FundTokens left unsold will be distributed (“airdropped”)
- proportionally among the participants in the
- Token Sale according to their holdings relative to the total amount of tokens sold.
Launch Start Date : January 25th 2018 ( GMT 12:00 )
Token Launch End Date : February 25th 2018 ( GMT 12:00 )
TOKEN DISTRIBUTION
- 70% Token Sale (56,000,000)
- 5% Presale (4,000,000)
- 5% Post-ICO Promotion (4,000,000)
- 2% Bounty (1,600,000)
- 2% VC & Early Contributors (1,600,000)
- 4% Advisors (3,200,000)
- 5% Founders (4,000,000)
- 7% Team (5,600,000)
BONUS SCHEDULE
- 25 % First 8 Hours
- January 25th, 2018 12:00 GMT
- January 25th, 2018 20:00 GMT
- 15 % Next 24 Hours
- January 25th, 2018 20:00 GMT
- January 26th, 2018 20:00 GMT
- 10 % Rest of First Week
- January 26th, 2018 20:00 GMT
- February 1st, 2018 12:00 GMT
Road Map
TEAM
ADVISORY
For detailed information about the [Fund Fantasy] project you can also join our website address below so from me and thank you :
Profile bitcointalk : https://bitcointalk.org/index.php?action=profile
ETH : 0xd3c9e8608103cf2c8b153c8d7404fc5b563d9470
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