MindSports IO FAQ
You’ve got Q’s, we’ve got A’s.
FAQ
Last updated: Feb 5 2018
If your Q isn’t A’d on this page, contact us on Telegram or email us at info@mindsports.io
Q1: Why MindSports IO?
Q2: What Your Mission?
Q3: What is MIND?
Q4: What is the Problem You are Trying to Solve?
Q5: What are the Benefits of Applying Blockchain Technology to MindSports IO?Q6: Usage of MIND Tokens?
Q7: Will I be Able to Trade my MIND on Cryptocurrency Exchanges?
Q8: Is MindSports IO free?
Q9: What Crypto-Currencies Will You Accept During the Sale?
Q10: How are You Different Than the Competition
Q11: Your Team Composition?
Q12: What is the MindSports IO Team Going to Deliver?
Q13: Who Will Be Able to Use MindSports IO?
Q14: When is This Platform Supposed to be Ready By?
Q15: What are the Steps to Participate in the Token Pre-sale?
Q16: What are the Token Sale Details?
Q17: Where Can I Learn More About MindSports IO Technical Details?
Q1: Why MindSports IO?
Powered by Ethereum, MindSports IO is decentralized board game network where users can create, play and vote online rated board games such as Chess, Draughts (Checkers), Xiangqi, Bridge and Go. We will deploy new games to the network every six months based on what token holders proposes.
Q2: What is Your Mission?
Reintroducing trust in online rated board games and revolutionizing the way intellectual games are introduced with Blockchain.
Q3: What is MIND?
MIND is the abbreviation used for MindSports IO token.
Q4: What is the Problem You are Trying to Solve?
Current gaming platforms for mind sports games such as Chess, Draughts (Checkers), Xiangqi, Bridge and Go require a centralized host.
Control over Rules
Developers, gamers, and tournament host are limited to the guidelines and payout set by the platform owner.
Control over Payments
Users experience delay in payments or decline in payment transfer along with potential fraud and cyber-attacks.
Control over Results
Users are unable to dispute or challenge why they experience unexpected ban from the game or unfair outcomes. The owner controls the server with the game software, game command and outcome logs which are not available for inspection by the public.
Q5: What are the Benefits of Applying Blockchain Technology to MindSports IO?
Blockchain technology will remove centralized game hosting and revolutionized the way mind sports are played.
MindSports IO is decentralized social gaming network powered by Ethereum, IPFS, Whisper and the MIND Registry. Users can vote, host, govern and play mind games.
The MindSports IO community can stake their token and interact with the MIND Registry to govern development roadmap of the network. Token holders can propose and vote for the mind games they would like MindSports IO team to build and deploy next.
Every Mind Games DApps consist of 4 main components
1. HTML5 Front End Client
2. IPFS as a Decentralized Storage Layer
3. Smart Contract as Decentralized Logic Layer
4. Whisper as the Messaging Layer
Q6: What is MIND token usage?
Token Usage
1. MindSports IO Network Governance
Be part of the MIND Registry to propose and vote for the mind games they would like MindSport IO team to build and deploy to the network.
2. Decentralized Games Creation
Users can create decentralized mind sports leagues and tournaments. In return for creating community engagements and deploying games, the creator is rewarded MIND tokens for their contribution based on the number of participants and number of MIND tokens committed for their event.
3. Play Trustless Mind Games and Win Tokens
Players will use MIND tokens as a currency for challenging other players and joining tournaments in various intellectual games. MindSports IO provides a place where people can safely against one another for MIND tokens since the transactions and games are publicly verifiable and resistant to counterfeiting.
4. Dispute Voting Game Outcomes
When dispute is raised by players, smart contracts will broadcast dispute information to the mindsports community. Token holders can vote in favor or against the dispute in a finite voting period.
Q7: Will I be able to trade my MIND on Cryptocurrency Exchanges?
Yes! We are working with multiple, well-known exchanges to list MIND as soon as possible. MIND is listed on EtherDelta and is negotiating with other exchanges after completion of token sale.
Q8: Is MindSports IO Free?
The MindSports IO platform is free to sign up, free to try. We will introduce a practice/demo option for users to be more familiar with the platform. However, MIND token will be required in order to participate our key features of the decentralized board game network such as creating tournaments, challenging players for tokens, and being part of the voting community.
Q9: What crypto-currencies will you accept during the sale?
At the moment, our Token Offering will only accept KICK (KickICO) and ETH (Ethereum).
Q10: How are you different than the competition?
We are providing a decentralized network for people to create, play and vote on games with cryptocurrency that is secure, efficient and transparent.
Most competitors focus on one type of board game. We are consolidating all the major board game into one platform to achieve synergy between all aspects of board game .
The MIND Registry allows token holders to propose a vote on the next MindSports IO game to be developed and deploy within the network.
Q11: What Is Your Team Composition?
Our passionate team and advisors consist of key executives and directors in prominent associations such as the World Chess Federation (FIDE) and the International Mind Sports Association (IMSA), blockchain experts, crypto investors, chess grandmasters, and various global mind sports professionals.
Profile details can be found here
Q12: What is the MindSports IO team going to deliver?
· Mind Sports Rated Gaming Platform for various intellectual games such as Chess, Draughts (Checkers), Xiangqi, Bridge and Go
· MindSports Anti-Cheating Layer
· Decentralized Apps (DApps) for creating, playing and voting MindSports games, events, tournaments, and leagues.
Q13: Who will be able to use MindSports IO?
Players, Viewers, Developers, Game Creator, and Content Creators. Specifically, those looking to win and earn MIND Tokens, our smart contract will allow payments on MindSports IO transparent, secure and trusted. Tokens are also used to vote which mind game should be developed and deployed next.
Secondary users will look for MindSports IO as a platform to learn and get more familiar with board games such as Chess, Draughts (Checkers), Xiangqi, Bridge and Go and many more.
Q14: When is This Platform Supposed to be Ready By?
We currently have a demo version of MindSports IO. According to our timeline, we estimate our beta version will ready by the first quarter of 2018
Q15: What are the steps to participate in the token sale?
Visit Here to Register for Our Token Sale on MindSports KICKICO Campaign
ONLY contribute when the MIND token sale is announced on this channel and our website. We will NEVER ask you for ETH via email or Telegram messages. ONLY use these listed sources for accurate information and updates. Consider any information coming from other unknown sources to be untrustworthy, false, or worse a phishing or scam attempt.
- Official Mindsports IO website: https://www.mindsports.io
- Twitter https://www.twitter.com/mindsportsio
- Medium blog posts: https://www.medium.com/mindsportsio
Q16: What are the Token Sale Details
Token: MIND (1ETH = 10,000 MIND , 1 MIND = 0.0001 ETH)
Hard Cap: 2,000 ETH
Soft Cap: 200 ETH
Contribution Method: Exclusively on KICKICO by KICK, ETH
Total Token Sale Supply: 20,000,000 MIND
Total Supply: 50,000,000 MIND
Token Sale Start Date: Feb 5th, 2018 3PM (UTC)
Token Sale End Date: Mar 6th, 2018 3pm (UTC)
Minimum Contribution: 0.1 ETH
Bonus Schedule: 20% first 24 hours and decrease 5% every 24 hours.
Restrictions on Participation
Due to government regulations, we are unable to accept contributions from the following people:
- Citizens or residents of the People’s Republic of China and South Korea
- Citizens or residents of Canada, and the United States who are not accredited investors.
Q17: Where can I learn more about MindSports IO technical details?
You can download our whitepaper by visiting https://www.mindsports.io/. Relevant code for the platform is available on MindSports Github page. https://www.github.com/mindsports
My question was not answered. How can I contact the MindSports IO team?
Please join our Telegram chat https://t.me/mindsportsio or email us at info@mindsports.io and we will get back to you as soon as possible.
