The Next Generation of Online Mind Sports Hosting and Gaming
MindSports IO represents yet another fascinating application in the diverse world of blockchain technologies. While Fintech dominates much of the blockchain landscape, the underlying technology can be used to improve almost any industry. MindSports IO is bringing these distributed smart-contracts into online intellectual games such as Chess, Draughts (Checkers), Xiangqi (Chinese Chess), Bridge and Go.
We aim to make big waves in the intellectual game industry by creating our own distributed, smart-contract driven game platform. We have developed a cryptocurrency called MIND which is built on the Ethereum blockchain, one of the most established and well-trusted blockchain platforms in existence.
Benefits of Removing the Game Host
By using MindSports IO DApps, we remove the need to have centralized host like other gaming platforms.
Traditional gaming host have many drawbacks:
Need for Trust in a Single-Party Host.
When players are betting with tokens or money with others, they must transmit funds to unknown parties. This opens both parties up to the risk of losing all tokens or money due to fraud or hackers. Furthermore, many websites on the market are known for declining payment transfer and even banning well-known professional players from participating.
Platform Reliability
Most online gaming platforms operate using an intermediary to set up communication and ensure that everything works correctly. However, servers may unexpectedly shut down or get hacked.
Fees and Service Cost
A centralized host is expensive to maintain. Therefore, the provider must generate income via platform fees or advertisement in order to deliver value to users.
Solution
Ethereum technology removes the centralized game host and revolutionize the way mind sports are played.
We are very excited about the unique features we will be introducing to intellectual games through this system. Our blockchain token, MIND, will serve as the cryptocurrency to fund transactions within the system.
We are providing an opportunity for individuals and professional mind sports players to host their own tournaments and games, and get rewarded with MIND tokens by using our simple smart contract templates. Additionally, MindSports IO provides a place where people can place token bets against others with full confidence.
Pay-outs are processed automatically by smart contracts on the Ethereum blockchain. MIND serves as the currency for these games. All MIND transactions, as well as all games created, are publicly verifiable, viewable, counterfeit-resistant, and not subject to the risks inherent in institutional processing.
The MindSports platform will host a broader variety of games than our competitors. Most game platforms only focus on one game. Our team plans to integrate over ten different games and leverage that synergy to create an even stronger player community.
Crowdsale and Production Roadmap
Our team has developed a working prototype of the platform and is preparing to launch our token sale for the MIND token. MIND will go on pre-sale the 9th of Novemeber 2017, starting at 02:00 PM UTC. We are offering 30% of the coins during this pre-sale. Our goals for this token sale is to allow the community early involvement in this project and to fund the next phases of product development. We aim to have a beta testing release available early 2018, and we plan to release our official version in April 2018.
Become one of the early supporters of MindSports IO by participating in the upcoming MIND token pre-sale on Nov 92017.
Join our Telegram channel to be an early participants
Telegram: https://t.me/mindsportsio
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View on Website: https://www.mindsports.io
Tweet on Twitter: https://twitter.com/mindsportsio
Verify on GitHub: https://github.com/mindsports/
Discuss on BitcoinTalk: https://bitcointalk.org/index.php?topic=2275215.msg23070618#msg23070618
