Humbyl Platform is a competitive, user-friendly mobile and web interface used for making sportsrelated predictions while wagering Credits purchased or earned on the site (future directions may include non-sports related events, such as pop-culture competitions, political elections, etc.). This allows the Platform to provide HBL holders the opportunity to participate in contests where users who correctly predict the outcome of a game (or an attribute of said game) earn the entirety of the pot (after fees). Transfer from HBL to Credits does not involve any fees and is hassle-free.
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HUMBYL FANTASY SPORTS GAME CATEGORIES
Individual Contest — Guaranteed Win
Users will be able to select a player on one category. For example, in Basketball — “Who will lead in points in Today’s games?” a. Stephen Curry b. Kevin Durant c. LeBron James d. James Harden e. Russell Westbrook f. Devin Booker, etc. — If a user or a group of users select the player with the most points, they would automatically win the pot for that contest. If the player with the most points and does not get selected, then the group of users or user who select the player with the 2nd most points will automatically win the pot. Each contest will have its own minimum amount of players and minimum credit entry before the contest is able to begin. If the minimum requirements are not met, then the contest will automatically be deleted 30 minutes before the first scheduled game involved in the contest.
Celebrity Challenge Contests
Similarly, our celebrity contests use the same format as the standard contests but allow fans to interact with our celebrity partners as they compete against one another in predicting game outcomes. This includes daily, weekly, and league-wide contests in which users can attempt to win additional prizes by fulfilling the challenge requirement (e.g. “Get the most choices correct” or “Celebrity Challenge”). However, celebrity partners may not participate in contests related to their games to avoid any potential conflict of interest. All data used to determine contest winners will be pulled from the final box score from ESPN.com at the end of each game. Contest winners will split the Pot Prize and Credits will be awarded to their Stash.
Lotto Pot Big 5
The “Big 5” Lotto Pot option will have five different stat categories for all users to choose from. For example, in Basketball — Today’s games Category 1: “Who will lead in points?, Category 2: “Who will lead in rebounds?”, Category 3: “Who will lead in assists?”, Category 4: “Who will lead in steals?”, and Category 5 which is also called “The Wild Card Pick”: “Who will lead in 3-pt made?” If a user or group of users get all (5) correct answers, then that individual or group of users will win the entire Pot. If no one gets all (5) correct answers, then the Big 5 pot will keep growing until all (5) are answered correctly. In addition, the (Wild Card Pick) will incentivize the user/s who get the correct answer by providing a FREE entry in the next Big 5 scheduled contest.
Easy 3
It is the same concept as Big 5, but with (3) stat categories to choose from and there is no (Wild Card Pick) in the Easy 3.
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Credits
The Humbyl Platform itself operates using Credits instead of any form of currency directly. These Credits will be available for purchase using Ethereum or Humbyl Coin (HBL) through any Ethereum based digital wallet. Such Credits will be stored in the user’s Stash until the user requests to withdraw their HBL, converting the credits back to HBL and sending back to their digital wallet (or an alternative wallet). There are no processing fees to purchase Credits when using the HBL and these Credits are used for all services on the mobile and web Humbyl platforms.
Prize Processing Fee Model
Humbyl requires a minimum of 5% processing fee of each Pot Prize at the end of each regular contest (including, but not limited to, daily and weekly contests). Furthermore, Humbyl requires an additional fee (a minimum of 8%) of the final Pot Prize for special contests, including any Celebrity Contests, in order to help compensate our Humbyl partner. Similarly, sponsored events may be able to subsidize the Pot Prize to incentive their contests (i.e. if a third party wishes to hold an event under their name, they may pay a fee and cover a portion of the Pot Prize so players can earn more of the pot.)
One Million Ultimate Jackpot
Humbyl will reward the first Fantasy Player to reach 1 million credits earned through winnings on the Fatnasy Sports App. The winner will receive The Ultimate Jackpot of 1 Million HBL Credits. There is no deadline for this jackpot. If there is more than 1 winner to reach the 1 million milestone at the same time then the winners will participate in a sudden death contest the following scheduled contest to win The Ultimate Jackpot of 1 Million HBL Credits.
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