As the 20th week of our bounty program comes to a close, we have to extend a huge thank you to all of our supporters who have actively worked to spread the word about our platform and the issues we’re addressing in sports betting. We understand that this has been a much longer journey than many of you had anticipated, ourselves included, which is why we are announcing a halt to our official bounty campaign. All actions to date will be honoured and will earn their full share of the 3,500,000 FAN bounty pool.
We want to assure everyone that FansUnite is still moving forward full-steam ahead, but that with the recent expansion of our platform to include a sports betting protocol for other books to build atop of there will be a further delay until a May or June token sale date.
As many of you know from our email correspondence, we received private funding in December that will allow us to develop a beta for public review prior to conducting our public sale. That funding proved to be a double-edged sword for our community members, as it also meant a lengthy extension to the lead-time before our token sale and consequently the bounty program as well.
On a more positive note, it has also afforded our team the luxury of being able to really scrutinize our offering and implement changes to enhance our value proposition and disruptive potential in the gaming industry. In speaking with many gaming industry execs it is clear that incorporating cryptocurrency into their operations is paramount in their minds yet there is very little understanding of how to do so. Many expressed an interest in collaborating if a turnkey solution could be developed with a low technical barrier to entry.
It is with this in mind that we’ve been working to ensure that we have standardized smart contracts and data structures that we will be able to utilize as the basis for a sports betting protocol built atop the Ethereum blockchain. While being the first blockchain-enabled sportsbook and offering lower fees, collaborative tools, and trustless betting is no small feat, operating a single book was always going to have a ceiling as far as market penetration. By creating a protocol and allowing for other books to utilize it to take bets in crypto and allow their bettors to benefit from blockchain-enabled betting, we cast a much wider net into the sports betting industry and dramatically increase the utility of our coin.
We are supremely confident in our ability to create value for bettors and token holders under this new approach and are incredibly excited to start this next leg of FansUnite’s evolution with you.
“If you find a path with no obstacles, it probably doesn’t lead anywhere.” — Frank Clark
Thanks for reading and please don’t hesitate to get in touch with us on our Slack or Telegram.
