FundFantasy: The First Blockchain Based Fantasy Trading Platform
Welcome to FundFantasy, a new blockchain-powered online gaming platform that features peer-to-peer, provably-fair, simulated investing contests.
Fantasy Online Trading
Users play the role of investor, competing for monetary prizes by crafting the ultimate simulated financial portfolio. Think of it like fantasy football, but for financial trading. It’s a simple way for retail investors to feel the rush of online investing and satisfy the desire for profit, with minimal risk. Thank to intuitive gameplay and blockchain technology, playing on the FundFantasy platform is as fun and secure as investing can get.
Why FundFantasy?
The world of financial trading is fraught with rigged risks for small, retail investors. It can be inaccessible, and brokerage houses and advisors are known to steer inexperienced investors into questionable investments that overwhelmingly benefit agents. In contrast to real-world investing that can be high-risk and unfair, FundFantasy is transparent, provably fair, social, and simple to use.
At a time when the online fantasy gaming market has hit a temporary plateau, FundFantasy offers an expansion of the fantasy model from the sports betting industry to the financial speculation market.
FundFantasy is for traders, gamers, retail investors, or anyone who wants to practice financial analysis skills in a fun and secure environment while having the chance to win real-world monetary prizes.
How it works
Upon entering a contest, users allocate one million virtual US dollars on various asset classes available on the platform to create their own portfolio. Options include stocks, commodities, cryptocurrencies, and fiat currencies. There’s no actual ownership of financial assets. Users choose from a variety of contests; head-to-head, multipliers, winner takes all, and more. Contests vary in duration and range from one hour to a full month. Free contests are also available.
Portfolios are encrypted until contests lock up and start and all funds are stored in smart contracts. Withdrawals and deposits are executed automatically without human intervention. All contest details are upfront and available for examination prior to entry. Users can view and compare their portfolios with the ones submitted by their opponents.
Upon conclusion of the contest, each user-submitted portfolio is sorted and ranked according to rate-of-return, calculated on the basis of price quotes from established and well known financial data APIs. Winners receive cryptocurrency prizes, including FUNDZ, Ether and Bitcoin.
Why blockchain and why tokenize?
Tokenizing creates community and trust. Whereas fiat cannot be managed by smart contracts, tokens such as BTC, ETH and FUNDZ can. It offers lower counter-party risk, creates a loyal client base, and allows for speedy and automated withdrawals.
FundTokens (FUNDZ), are cryptocurrencies that serve as functional utility tokens within the FundFantasy platform and can be used to purchase entry tickets to contests and gain access to exclusive contests only for FUNDZ holders. FundTokens are deflationary and comply with the ERC20 standard, making them easily interchangeable with Ether or Ethereum-based tokens.
How is our crowd-sale different?
There are many things that set us apart from other ICO’s. For one, we have a great vision and a wonderful platform. We also already have a developed product which is not necessarily the standard in the ICO world. We’re also set apart from other ICOs by our use of the “Airdrop” method for dealing with undistributed tokens. It’s a unique strategy to manage the unsold tokens and acts as a mechanism to protect crowdsale participants from dilution. Instead of burning undistributed tokens, they will be redistributed proportionally to participants in the crowdsale. We will expand further on the mechanics of the Airdrop method of dealing with undistributed tokens, as opposed to burning them, in another blog post.
The FundFantasy gaming platform has been in development for more than a year, and has been tested successfully. Our Alpha platform is scheduled to launch prior to our crowdsale event on January 25, 2018 — allowing prospective buyers time to familiarize themselves and see the potential of their return on investment. The actual platform will officially launch in September 2018. The pre-sale is now live — and we encourage you to signup and get involved.
Meet the Team
Our team is based in Tel-Aviv and brings years of experience in business, gaming, crypto-economics, marketing and IT.
CEO and Co-founder Tal Zander is a strong motivator and has lots of experience in business management, online marketing, entrepreneurship, accounting and sales for over 10 years. COO and Co-founder Daniel Vaisman is a crypto-economics specialist and blockchain enthusiast with eight years of successful online trading under his belt, and 10 years in IT expertise and programming experience. CSO and Chairman Tzahi Kanza has 17 years of experience as a founder and CEO managing global companies in High-Tech and Low-Tech. We’re excited to use this experience to bring you an online platform that is the first of its kind.
The FundFantasy ICO launches January 25, 2018 and runs until February 25, 2018. For more information visit www.fundfantasy.io and read our Whitepaper.
