FundFantasy ICO: Company Review and FUNDZ Token News Updates

FundFantasy FUNDZ ICO: Financial Fantasy Trading Crypto Games?

As we have all seen by now, many ​online ​trading ​markets have been hit by scandal after scandal in the past couple of years. Thus, moving forward, it is of utmost importance to have a decentralized trading network that is immune to the issues that regular ​exchanges ​are subject to.

This is where FundFantasy comes in. This platform aims to serve as a transparent trading ecosystem that is aimed to restructure the online gaming market via the use of a Peer to Peer (P2P) network.

About the FundFantasy FUNDZ ICO

FundFantasy is being hailed online as one of the world’s first “provably-fair fantasy gaming platforms”. It is powered by the blockchain, and has been designed to allow for transparent and fair gaming, thereby eliminating problems that are commonly found throughout gambling/ gaming markets all across the internet.

Some of the main features of FundFantasy include:

Full Disclosure:

In order to ensure that there are no irregularities in any of the games being offered, all of the contest details are made available to users prior to then gaining entry into the system. In addition to this, as soon as the contest starts, users can “view and ​compare ​their ​portfolios ​with ​the ones ​submitted ​by ​their ​opponents”.

Provably ​Fair:

Another area where FundFantasy really stands out is in regards to its contests being “provably fair”. All of the asset ​prices that are being presented are based on “​publicly ​available ​data” that is procured from trustworthy sources. Not only that, individual portfolios are also encrypted, and cannot be viewed by anyone until the contest starts.

Easy to Make Use of:

The gameplay is extremely straightforward and can be grasped by anyone within a matter of minutes.

Social Media Utilization:

This platform also serves as a social media tool, and can be used to help us socialise and play games with our friends and fellow fantasy sport enthusiasts.

Other Important Information​ To Consider

Varied Incentives:

Users have an option to take part in various contests that allow us to earn various currencies such as FundToken (native currency), ​BitCoin, ​and ​Ethereum.

Relatively High Service ​Fees:

According to the company's official website, ​FundFantasy ​charges “​up ​to ​10% ​from ​every ​contest”.

Decentralisation of Funds:

None of the money that is used within the platform is actually owned by the company at any given point. This not only ensures traceability, but also does not lead to any ​conflict ​of ​interests between Fund Fantasy and its customers.

Low ​Entry Fees:

Apart from providing customers with high value betting options, there are also many free contests that one can participate in. Not only that, users also have the option of “multiple contest entries”.

What Business Model Is Being Used Here?

The basic architectural model of this platform is quite simple, and basically allows a user to participate in any contest, via the creation of an individual portfolio. Once made, this portfolio needs to be submitted so as to purchase a ticket for the contest that we are interested in. The ticket prices of each individual contest differs, and all income that is generated via ticket sales in distributed as follows:

• 90%-95% ​of all collected funds are distributed as prizes ​to ​winners
• 5%-10% of the funds are used by the ​FundFantasy ​Network in the form of remuneration.

At this point it should also be mentioned that all of the prizes that are distributed to winners are done so in accordance with a ‘prize allocation model’ that makes use of self-executing smart contract.Through the use of these contracts, the risks of fraud are greatly minimized.

FundFantasy FUNDZ ICO Token Details

The platform will make use of a native currency called the FundToken (abbreviated as Fundz). In all there will be a total of 80,000,000 tokens that will be issued. During the pre-sale phase, token prices will be negotiable, and large scale investors will be provided with healthy discounts.

The total amount of FundTokens that will be sold during the pre-sale will be ​4,000,000 ​tokens (which works out to about 5% of the total supply). All purchases can be made via the use of Ethereum.

During the public sale (crowdsale), there will be a total of 56,000,000 FundTokens that will become available for purchase (this makes up nearly ​70% ​of ​the ​total ​FundToken ​supply).

FundFantasy FUNDZ ICO Token Distribution Scheme

The native FundFantasy FUNDZ ICO tokens will be distributed using the following model:

• 7% will be reserved for the core team (which includes developers, admins etc).
• 5% will remain with the founders.
• As mentioned earlier, 5% of the tokens will be made available during the presale.
• 70% will be sold during the crowdsale phase.
• The rest will be allocated for advisors, bounties and other early contributors.

For any further queries, users can get in touch with company representatives on the email address provided on the contact us page.