Batu Permata: MYDFS

Blockchain Meets Fantasy Sports

What is daily fantasy sport (DFS)?

Fantasy sports is a very rapidly growing part of the electronic sports and entertainment market. It grew almost five times in one decade. Starting with 12.6 million players in 2005, it approached 60 million in 2017, and that’s just in the US and Canada.

In the popular conception of fantasy sports, players draft a team and maintain it throughout an entire season, earning points when their players take effective action in real-world games. In daily fantasy sports, this whole season is reduced to one day. You’ll draft players in the morning and know your standing by the evening. Winners share the prize pool.

FANTASY SPORTS MARKET

The fantasy sports market is one of explosive development, growing almost five times over the past ten years. With some 12.6 million players active in 2005, that number approached 60 million in 2017, just for the US and Canada alone. As of June 2017, the fantasy sports industry has a market capitalization exceeding $7 billion, with the average player spending of $556 per year. The market is dominated by a pair of companies, FanDuel and DraftKings, that together own almost 90% of the market. They are followed by smaller players like Yahoo Fantasy.

WHAT WE OFFER

We solve existing fantasy sports problems using the blockchain and modern business practices. MyDFS offers:

Truly legal gaming around the world

Our platform replaces fiat money with cryptocurrency tokens, instantly doing away with the legal issues usually associated with fantasy sports. MyDFS is accessible, enjoyable, and legal for everyone in the world.

A streamlined user experience

Our simplified user interface suits any kind of gamer and challenges our competitors’ complex user experiences.

Fast user verification and worry-free transactions

All it takes to get authorized on MyDFS and start collecting winnings is an email address and the cryptocurrency you receive upon signup. Smart contracts exclude middlemen from the entire transaction process, so every transaction on the platform is quickly executed and properly verified.

Transparent gaming and fair play

Every transaction on our platform takes place on the blockchain, meaning they can be easily monitored by anyone involved (or even interested).

Profitable, investor-friendly gaming

In addition to playing on the platform themselves, users can also invest in other fantasy players and share the winnings when they do well. Investor money can only be used for playing the games the competitor agreed to participate in.

How It Works?

MyDFS platform The platform as a whole, including the mobile app, backend services, smart contracts, and so on.

Sign up/sign in procedure Users sign up with their existing Ethereum wallets, which we’ll link their game tokens to via QRcode, or by entering the address of their wallet, and then going through the wallet authentication procedure. The sign-in process stores authentication data locally so users don’t have to repeat the procedure every time they open the app.

User wallet This is a ERC-20-compatible Ethereum wallet that can hold user tokens and move them throughout the app. The tokens available to the user are stored in a smart contract.

Buy/sell tokens Users can buy and sell their tokens using the app, which connects to ICO and Exchange smart contracts that store token data and transaction histories.

ICO contract A smart contract that lets users buy tokens during the pre-sale and sale periods.

Exchange contract A smart contract that connects users with exchanges and lets them exchange tokens for other cryptocurrencies, buy more tokens for other cryptocurrencies, and so on.

Stats contract A smart contract that records user statistics. It can be used by every member of the blockchain to validate all transactions. It’s also used by other smart contracts, like a game contract, to get or store the data needed to calculate game results. Additionally, a brokerage contract can use the statistics to help brokers choose the right player to invest in, and monitor their performance.

Game contract A smart contract that records game data, player lineups, all in-game actions, and calculates the results of the game.

Sports data Outlined in chapter 4.3, third-party providers build data feeds that enable this platform to work. These feeds contain the real data from games held by major sport leagues, and we use it to calculate a virtual team’s in-game performance.

MyDFS token An Ethereum-based token we use for any value transactions on our system.

Token sale

TOKEN TYPE: Utility token

HARD CAP: $40,000,000

PRE-SALE: April 16 – May 6, 2018

ICO SALE: May 21 – June 12, 2018

BASIC TOKEN PRICE: 1 MyDFS token = $1.00

BUDGET ALLOCATION

55% Marketing & PR

Digital marketing, social network promotion, offline marketing, and any operations to acquire users and promote the platform

18% Business Operations

Support and business services, infrastructure costs

13% Development

Salaries for the core development team, and other product development costs

8% Licensing and legal fees

Compliance costs, content licensing costs, and sports data

6% Other costs

A “rainy day” fund to be used for unanticipated expenses

Token allocation

PURCHASED TOKENS 40% of all tokens (50,000,000) The funds raised with Purchased Tokens will be used for business operations, product development, marketing and PR, and other roadmap milestones. Unsold tokens will be made non-transferrable, and will be removed from the usable supply.
GROWTH TOKENS 37% of all tokens (46,250,000) These will be allocated in a timely fashion to ensure proper incentives for users and affiliates, and should help the project’s growth. Tokens issued for the growth pool will be used to incentivize a number of behaviours, including account verification, account deposits, completion of various in-game quests, sharing content on social networks, and so on.
ADVISORS AND EARLY CONTRIBUTORS TOKENS 10% of all tokens (12,500,000) These will be allocated to the early contributors and advisory board.
TEAM TOKENS 10% of all tokens (12,500,000) These will be allocated to the members of MyDFS core team.
BOUNTY TOKENS 3% of all tokens (3,750,000) These will be allocated to the people supporting MyDFS and completing bounty tasks.

Project roadmap

JANUARY 16, 2016 uTrener DFS launched in Russia We’ve launched the first russian daily fantasy for iOS, Android and web
FEBRUARY 20, 2016 Kontinental Hockey League app launched A white-label application for the #1 hockey league in Europe was launched and featured by Apple in AppStore
NOVEMBER 7, 2017 uTrener app got a UK Gambling license Now we’ve got a gambling license to start out business in UK
NOVEMBER 20, 2017 MyDFS development started We’ve decided to start an ICO to sell DFS tokens that are used in Fantasy Sports
DECEMBER 29, 2017 MyDFS investor functionality is ready Investor app is up for security audit and alpha testing
MARCH 12 2018 New features are added to MyDFS app New features are launched in beta-version
MARCH 25, 2018 MyDFS basic gaming functionality is ready User app is ready for testing by members of the whitelist and investors
APRIL 16, 2018 Pre-ICO sale starts We’ll only sell tokens with good bonuses to a limited amount of investors
APRIL 17, 2018 MyDFS investor wallet is publicly accessible People in whitelist and select investors can start making orders and using the investors app
MAY 6, 2018 Pre-ICO finishes Preparing for ICO.
MAY 15, 2018 Soft launch of MyDFS app The app is going to be released in App Store and Google play in several countries.
MAY 21, 2018 ICO starts ICO opens and tokens are available to buy for everyone
JUNE 4, 2018 MyDFS app is fully ready App is fully playable and available in AppStore and Google Play
JUNE 10, 2018 The app is fully ready for the biggest soccer championship Sports data is fully integrated. The app provides live soccer scores and other related information.
JUNE 12, 2018 ICO finishes ICO is fully finished, unsold tokens are burned
JUNE 13, 2018 Intensive public marketing & PR campaign starts We unroll a big marketing campaign to get as much users as possible onboard before soccer 2018 starts
AUGUST 10, 2018 NFL is included to MyDFS Users will be able to pick a team of real American football players.
SEPTEMBER 20, 2018 NBA is added to MyDFS Users can create or join NBA league and manage own team.
NOVEMBER 19, 2018 MyDFS card is issued Users can use MyDFS card to cash out tokens.
DECEMBER 3, 2018 MyDFS app is launched on Apple TV MyDFS TV app is available for download from the App Store on Apple TV.
JANUARY 21, 2019 eSports is added to MyDFS platform Dota 2, StarCraft, CounterStrike professional teams are on MyDFS.
MARCH 16, 2019 MyDFS Event in Las Vegas, USA MyDFS holds fantasy sports event for industry’s leaders and major players.
APRIL 10, 2019 Formula 1 is added to the platform MyDFS includes Formula 1 teams.
JUNE 9, 2019 MyDFS supports MLB Major League Baseball is added to MyDFS platform.
AUGUST 17, 2019 MyDFS Fantasy Basketball Championship MyDFS live championship will be held on August 17th, 2019 in New York, USA
NOVEMBER 8, 2019 World Fantasy Football Championship Weekend MyDFS holds World Fantasy Football Championship.
DECEMBER 16, 2019 MyDFS starts to prepare for Fantasy Olympic Games List of participating nations are added to the platform.

TEAM

Management

CEO Viktor Mangazeev

Core team

Sergey Sheypak Chief Technical Officer

Anastasia Shvetsova Chief Communication Officer

Kseniya Ryazantseva Chief Marketing Officer

Alex Kireev Lead Web Developer

Denis Polyakov Lead Mobile Developer

Kirill Pyulzyu iOS Developer

Advisors

Yobie Benjamin CTO, DragonCoin

Frank Kan Fu Managing Director, Meitu

Akin Babayigit Head of Business Operations, King Digital Entertainment

Simone Giacomelli Head of Business Development at SingularityNET

Eduard Gurinovich Founder of CarPrice

Alexander Hleb Professional football player

Batu Permata

Selasa, 24 April 2018

MYDFS

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