MyDFS is a decentralized blockchain based platform that brings daily fantasy sports solution by connecting sports fans all across the world via a transparent, investment-oriented, easy-to-use platform.
|Description||MyDFS is a decentralized blockchain based platform that brings daily fantasy sports solution by connecting sports fans all across the world via a transparent, investment-oriented, easy-to-use platform.|
|White Paper URL||https://mydfs.net/docs/en/whitepaper.pdf|
|ICO Launch||2018/05/21 05:00|
|ICO Closing||2018/06/12 05:00|
|Token Platform||ETH (ERC20)|
|Coins Offered||40% of the total token supply|
What Is MyDFS?
MyDFS is a decentralized blockchain based platform that brings daily fantasy sports solution by connecting sports fans all across the world via a transparent, investment-oriented, easy-to-use platform. The platform is not meant to compete with the current industry leaders, rather, it strives hard to redefine the industry and introduce innovation to it by incorporating smart contracts and blockchain technology. The platform makes things transparent in a way that everyone on the network knows what is happening around ranging from trades of players to receiving compensation. The platform makes the process of the fantasy gaming world simpler and more attractive to all fantasy sports fans out there.
MyDFS is a blockchain based decentralized fantasy sports platform. It brings innovation to the world of fantasy sports by the means of smart contract solutions. The platform is powered by ERC20 tokens. To make it easy to understand, let us first shed some light on the concept of DFS- Daily Fantasy Sports. In a general perception, daily fantasy sports enables players to draft or set up a team and maintain it for a whole season, when their selected players take actions in the real world, this makes them earn points. As mentioned earlier, MyDFS makes things easier. It shortens the time period from a whole season to a day only. Players drafting teams in the morning will be able to know their standing max by evening.
How Does MyDFS Work?
The platform is powered by ethereum tokens. People who wish to use the platform need to get themselves registered with the platform. Registration can be done online by accessing the official website of the platform. The platform also offers its customized wallets for its users. Investors need to login into their wallets after signing up successfully. People can buy tokens via ICO contract. They can also sell or buy tokens using exchange contracts. Any game can also be entered through gaming contact on the platform. All these contracts are collectively known as smart contracts. These wallets can also be used to store ethereum as well as MyDFS utility tokens.
Earn MyDFS Tokens
Investors who wish to earn MyDFS tokens need to participate in the public sale of the ICO. Participation in the crowd sale of the ICO can only be possible by subscribing whitelist of the ICO. The subscription procedure has already been detailed in the former paragraph. More MyDFS tokens can be earned as a bonus if investors contribute to the ICO during the early days of its launch. People can also earn MyDFS tokens from various supported exchanges all around the world in exchange for other digital cryptocurrencies.
Buy MyDFS Tokens Using E-Wallets
The platform is based on ERC20 standard tokens. The supported currency of the platform for payments is ethereum, therefore, those who wish to buy MyDFS tokens or would like to hold ethereum, need to have an e-wallet. The good thing is that the platform has its own customized wallet available for its users. Investors can use their wallets to buy MyDFS tokens. People can also buy MyDFS tokens from other people willing to sell theirs.
The ICO Distribution
The ICO plans to launch its token sale on May 21, 2018. The ICO will expectedly last for about 23 days. A per the information available in the whitepaper of the ICO, the token sale of the ICO might end even sooner if the ICO target funding is achieved earlier. The planned date for the end of the ICO token sale is June 12, 2018. There will be a total token supply of 125 Million tokens. The soft capping of the ICO is $4,000,000. However, the ICO hard capping is defined as $40,000,000. The starting price of the ICO token is $1.00
The ICO plans to distribute its tokens under the following proportion;
- 40% of tokens are planned to be distributed to the public during the pre-sale and main sale of the ICO
- 37% of tokens are planned to be distributed to the growth and development department of the ICO
- 10% of tokens are planned to be distributed to the team members of the ICO
- 10% of tokens are planned to be distributed to the Advisory Members and early contributors of the ICO
- 3% of tokens are planned to be distributed to offer rewards and bounty programs by the ICO
Funds Allocation (100%)
The ICO plans to allocate its funds under the following proportion;
- 55% funds are planned to be allocated for the Marketing and PR by the ICO
- 18% funds are planned to be allocated for the business operations by the ICO
- 13% funds are planned to be allocated for research and development by the Platform
- 08% funds are planned to be allocated to the legal department of the Platform
- 06% funds are planned to be allocated for the miscellaneous expenses of the ICO
The ICO also plans to offer bonuses to its early contributors. The exact amount of bonus has not yet been shared by the ICO. However, it is suggested by the ICO that it will be offering a good amount of bonus to its early contributors.
The ICO has following team members;
- Sergey Sheypak is the Lead Technical Officer at MyDFS
- Anastasia Shvetsova is the Lead Communication Officer at MyDFS
- Kseniya Ryazantseva is the Head Marketing Officer at MyDFS
- Alex Kireev is the Head Web Developer at MyDFS
- Denis Polyakov is the Head Mobile Developer at MyDFS
- Kirill Pyulzyu is the iOS Developer at MyDFS
- Yobie Benjamin is an advisor to the Company
- Frank Kan Fu is also an advisor to the Company
- Akin Babayigit is yet another advisor to the Company
Invest In MyDFS
After a careful review of the ICO, we hereby conclude that MyDFS is a unique yet loveable platform that intends to bring revolution in the world of fantasy sports. With the incorporation of blockchain and smart contracts technology, the platform has already gained the attention of many fantasy sports lovers all around the world. We believe that the ICO is going to be a successful venture. We suggest people should invest in the ICO open heartedly.