Blog: FundFantasy - A finacial fantasy trading platform

Blockchain is the world's leading software platform for digital assets. Offering the largest production block chain platform in the world, we are using new technology to build a radically better financial system.

This platform for blockchain technology will be useful for those who like to play on the rise of cryptocurrencies and earn at the same time, that is just you collect a certain set of digital money and predict their behavior. The more you do, the more winnings you will have on this platform. Why it is profitable to use it: since everybody will be absolutely transparent, open, what is not gambling or betting. It FundFantasy intend to do on the online trading market.

When the age-old sports betting industry was revolutionized by the rise of Daily Fantasy Sports, people were reminded of the fact that good ideas can change the world. This is precisely what FundFantasy intends to do to the online trading market. FundFantasy is currently beta-testing its very own Financial Fantasy Contest Platform simulating investments in financial assets in a fun, secure, and responsible environment, free of the conflicts of interest which plague both markets.

FundFantasy is the first fantasy business platform for financial enthusiasts. It is fairly proven, and is backed by blockchain technology. Play the role of an investor / fund manager, move up in rank, and win FundToken, Bitcoin, Ether & other prizes in the first game skill of its kind.

FundFantasy is currently conducting a beta test of a personal platform for the trade and simulation of investments in financial assets. All the conditions of the competition in advance is already given and the results known before the beginning. When the game started, participants can view and compare their portfolios with — served their opponents.

FundFantasy is an online gaming platform

FundFantasy is an online gaming platform featuring peer-to-peer, provably-fair simulated investing contests, where players compete for prizes under the fantasy model. By crafting the ultimate portfolio from a list of available assets, players move up in rank and win Crypto-prizes. Participants are ranked according to their portfolio’s rate of return. The prize pool is distributed among the winners. FundFantasy charges a fee which will not exceed 10% from each contest. Smart contracts will execute the whole process: deposits, ticket purchases, contests, payouts and withdrawals are all automated and trustless. Portfolios are encrypted to ensure fairness, and the entire platform is provably-fair and completely transparent.

Based on a deflationary currency and supported by an ecosystem that propels growth and new user acquisition , the FundFantasy platform will revolutionize the online trading market.

Platform Fully transparent, Provably Fair and Simple to use

All contest details are upfront and available for examination prior to entry. As soon as the contest starts users can view and compare their portfolios with the ones submitted by their opponents.

Asset prices are based on accurate, publicly available data from well-known and respected financial data API’s. Portfolios are encrypted until contests lock up and start, and are thus inaccessible even to FundFantasy employees.

Very intuitive gameplay. Users allocate 1 million virtual US dollars to their long/short positions on the assets available on our platform.

Besides that users can create their own contests and invite their friends, participate in contests carrying FundToken, BitCoin, and Ether prizes, can limit and restrict their own gaming behavior.

Many People in the trading are in a hurry to net profit. They are the speculators who lose more than they earn. Professional traders and brokers gain patiently in the market. Although, there exist quite a few problems in the field and a few of them are mentioned below.

There is a conflict of interest in the trading world, which makes people highly sceptical of the environment in which people trade.
The Opaqueness about the process and the internal working of the system makes people wary of the trading world.
The market is mostly filled with the speculators who do not want to play for long-term

Platform Highlights

Fully transparent: All contest details are upfront and available for examination prior to entry. As soon as the contest starts users can view and compare their portfolios with the ones submitted by their opponents.
Provably Fair: Asset prices are based on accurate, publicly available data from well-known and respected financial data API’s. Portfolios are encrypted until contests lock up and start, and are thus inaccessible even to FundFantasy employees.
Simple to use: Very intuitive gameplay. Users allocate 1 million virtual US dollars to their long/short positions on the assets available on our platform.
Social: Users can create their own contests and invite their friends.
Profitable: Users can participate in contests carrying FundToken, BitCoin, and Ether prizes
Low fees: FundFantasy charges only up to 10% from every contest.
No actual ownership of financial assets
No conflict of interests
Responsible Gaming & Self Exclusion: Users can limit and restrict their own gaming behavior.
Multiplier contests: Users have the chance to win x2, x3 of participation costs.
Lottery-size prizes: Top-heavy contests will make sure winners get hefty prizes.
Low entry barriers: Free contests are also available.
Multiple Entries allowed: Users can craft and submit the finest portfolios they can think of.
Much more fun!

FundFantasy is an online social platform featuring peer-to-peer, provably-fair simulated investing contests, where users compete for prizes by crafting the ultimate portfolio. Contests vary in duration and can range from 1 hour to a full year. Participation in a contest is done by:

Purchasing a ticket and thus contributing to the contest’s prize pool. FundFantasy charges a 5–10% fee from every contest and the rest is distributed among the winners as prizes, according to the prize allocation model. The fees are used for operating and marketing purposes as well as to fund the FundFantasy Prize Pool (FFPP).
Creating and submitting a portfolio. Users, when creating their portfolios can choose assets from various asset classes including stocks, commodities, cryptocurrencies, and fiat currencies. These user-submitted portfolios are sorted and ranked as soon as the contest ends according to their rate-of-return, as calculated on the basis of price quotes from established and well known financial data APIs. Portfolios are encrypted from the moment they are submitted by the user and are only published once the contest starts — this way we solve the problem of asymmetric information which may result when fantasy employees have access to the portfolios submitted by users; such a situation can be exploited by management or employees gaining an unfair advantage.

Conclusion

Who does not want to win a lottery in the life, which has money involved in it? No wonder fantasy sports, gambling and betting are the thriving business in the world, where billions of dollars are spent and won. FUND FANTASY has tried to include one of the most well-known and accepted element into the trading and investment sector. It looks exciting and we are waiting how things roll out once the platform is launched.

Easy to trade and buy

The token sale and the corresponding token creation process will be organized with smart contracts running on Ethereum. Participants willing to purchase FUNDZ can do so by sending ETH to the designated address which will be published prior to the token sale. During the public token sale we will make 56,000,000 FundTokens available for purchase, which constitute 70% of the total FundToken supply.

Besides that Purchasers of FundTokens during the token sale will enjoy a bonus on their token purchase: First 8 Hours (January 25th, 2018 12:00 GMT - January 25th, 2018 20:00 GMT) bonus 25%. Next 24 Hours (January 25th, 2018 20:00 GMT - January 26th, 2018 20:00 GMT) bonus 15%. Rest of First Week (January 26th, 2018 20:00 GMT - February 1st, 2018 12:00 GMT) bonus 10%.

Detail Token Info

=> Deflationary
FundFantasy will automatically burn 0.5% out of all FundTokens transactions. This means that the total supply of FundTokens will decrease over time.

=> Utility
FUNDZ will be used to purchase entry tickets to contests on the FundFantasy platform. Users will be able to purchase entry tickets to contests carrying BTC and ETH prizes at a discounted price.

=> Undistributed Tokens
FundTokens left unsold will be distributed (“airdropped”) proportionally among the participants in the Token Sale according to their holdings relative to the total amount of tokens sold.

ICO/ PreICO Detail ;

=> PreICO:

Available for purchase: 4 million;
Bonus: 25%
Not specified, when it starts and when to end, watch the news.

=> ICO:

Available for purchase: 56 million;
The maximum target is 56,000 ETH;
The minimum goal is not specified;

=> Symbol — FUNDZ;
=> The name is FUNDZ;
=> The standard is ERC-20;
=> Platform — Ethereum;
=> Total number of tokens: 80 million;
=> Available for purchase: 60 million;
=> The maximum target is 60 million FUNDZ;
=> The minimum goal is not specified;
=> Price: 1 ETH = 1000 FUNDZ
=> Maximum purchase — not specified;
=> Minimal purchase — not specified;
=> Methods of purchase: ETH

=> Bonus:

The first 8 hours — 25%
The next 24 hours — 15%
The first week — 10%

Begins on January 25, 2018 and ends on February 25, 2018.

80,000,000 FUNDZ in total. Tokens left undistributed after the token sale will be “airdropped”, i.e. distributed proportionally among participants in the token sale, according to the amount purchased. A buyer who has purchased 10% of the tokens that were actually sold, will receive 10% of the undistributed tokens. This will prevent any dilution on the part of token sale participants.

5% to Founders, 7% to Team, 5% to Post-Launch Promotion, 4% to Advisors, 5% to Presale, 2% VC & Early Contributors, 2% to Bounty, 70% of the issued tokens to be sold during the actual Token Sale.

Early Participants in the token sale will enjoy a bonus structure on their FundToken Purchase.

Token sale timeline: Start Date February 25th, 2018 (GMT 12:00). End Date: March 25th, 2018 (GMT 12:00)