Topic: [ANN] DFSCoin is now Fantasy Gold Coin-- Fantasy Sports and eSports - Live - page 53. (Read 38291 times)

Finally we can announce the start of the ICO.  Please visit http://dfscoins.com for more information 

NO You misunderstood there are 5 partners each partner can only sell 10% of there coins if they want every 6 months period. Just the Partners Coins NOT the public
Thanks Hope this shed some Light.

Thanks a lot NicoDFS for all this information.
Congrats for your partnerships, and good luck for the ICO!

6 months lock up period? Is the ICO holder or the rest of the coin needed to be locked?

Thanks for answer my question and the great job you and your team are doing getting this together.

Thanks, FanLucci.com already has European football and we will be adding it to DraftDaily.com this season also. We are looking to make a big splash in the EU, Asia and Latin America covering all the top leagues.

An interesting project. Fantasy leagues are really popular right now and I only see this continuing to grow. It's very big in Europe too, not just the US. Looking forward to seeing how this pans out.

Yes, the coins earned by Beta testers will be converted into real DFSCoin that you can withdraw sometime between the end of the ICO and before its listed on an exchange. We will inform everyone when they can start to withdraw those coins to their desktop wallet. For now withdraws are not activated. 

Hello Bitcointalk,

I have some news, updates and answers to some questions.

First the news: We have been in non stop meetings since yesterday, we have been reaching out to all of our past and current white label clients and other DFS site operators.
The feedback and interest has been nothing less than exceptional. We expect to see at least one term sheet tomorrow and currently in talks with other groups in the sportsbook and casino
business. We are doing our best to wrap up as many of these deals as posible between now and the start of the ICO. Others may take a few more weeks but we are very excited about all the
offers we have been getting from sites wanting to use DFSCoin as thier in game currency. As we get term sheets signed we will announce them here so the community can follow our progress
during the ICO.

Now Updates: We have made some updates to the DFSCoin blockchain to increase the number of PoW blocks, This update should also clear up any syncing issues some people have been reporting.
The updates have been applied and wallets are being compiled while I post this update. Once done we will setup additional nodes for testing before we push the updates to github. Please bare with us while we finish this update and resume PoW and PoS mining.

Those that have been following our Beta Testers and Bounty thread will be glad to hear we now only have 2 bugs left that are in progress and 1 waiting to be tested to finish on DraftDaily.com. All other UI updates
and suggestions are also being worked on. All thanks to Alok Saxena, the lead dev for DraftDaily.com and his crew. The updates for FanLucci.com also started today that will allow DFSCoin to be deposited and used
on that site. We will announce when uses can start signing up and playing on Fanlucci.com and or download the Android or iOS app to play.

Finally a few answers to some of the questions we've gotten so far.


Q. 8count - Hey, the windows wallet is telling me it's 'out of sync'

Q. mktorn - When will mining begin for this coin? Right now the getblocktemplate RPC call returns "No more PoW blocks" so the miner is unable to mine.

A. To both questions, the update we are making now will solve both the out of sync error and the No more PoW blocks issue. And thank you mktorn for setting up pool mining,
its a valuable contribution to the project. We have been given the suggestion that mining should resume just after the ICO ends, so all those involved know exactly how many coins are out there and
we don't want to give the impression that insiders could be pre-mining more coins than we are disclosing. Sorry for the confusion this may have caused.

Q.  uwatere - As I've read above it says "cost effective ways to process payments without risk of fraud or shipping charges" in what way reduces the risk of cheating.

A. I know Jason, aka DraftDaily answered this already but I want to be clear on this topic. Cheating can only be prevented by the game itself not DFSCoin, thats not the problem we are solving with DFSCoin.
The problems DFSCoin solves for our sites and every other fantasy sports site is that is reduces the cost of deposits and it prevents fraud in the form of charge backs. PayPal charges between 2.5% and 4.5%
depending on transaction volume, Skrill is another option but they also charge around 5% to gaming sites. Credit card processors, if you can find one that will allow DFS sites will also charge 5%.

To give you an idea of what this really means let me point back to Week 1 of the 2016 NFL season, where DraftKings collected $4.3M in deposits that week. At 5% that cost them an additional $215,000 in processing fees for 1 week of deposits. I'm sure they get some discounted rate becuase of the volume but even cutting that in half is a lot of fees.

Then you have charge back fraud, which I think is where you are mixing up the cheating part. Charge backs can crush a company, we know because we have spoken to more than one DFS site that went out of business for this same reason. The fraud happens when a user makes a deposit, if he wins he take home his winnings, but if he loses he calls up paypal or this credit card company and reports and unauthorized payment and the site is left holding the bag.

Hope that answers all your questions, if there is anything else please let us know. We look forward to giving additional updates this same time tomorrow.        





 

  

Still having the same problem. Do I need to fix something or is it on your end?

Hi, yes we have several websites including DFSCoins.com, DraftDaily.com, FanLucci.com MajorLeagueDFS.com and FanVictor.com.

We have taken your suggestions under concideration and changed the start date to this friday and will last a few weeks so everyone
has a chance to get to know the project and, our sites and ask any questions.

I will be back later to answer any questions posted so far. Thank you

Please Locate us on you tube to subscribe please be sure to let us know your username for draftdaily just hit the contact us toll gear on the top right corner
Thanks.

We are Already Looking into Ideas As we always will. To Stay ahead or with the the Daily Fantasy Sports Venue

WERE ARE YOU SEEING SHIPPING CHARGES WE DO NOT SHIP ANYTHING PLEASE TELL ME ?? I have no vlue what you see I see this ..........DFSCoin is the official crypto coin for fantasy sports that allows sports fans world wide to play in contests and tournaments without restriction and to provide DFS sites a cost effective way of processing payments with out the risk of fraud or charge backs.

ALSO THERE IS NO CHEATING THIS IS NOT A POKER SITE..............

As Far as Cheating am not Sure How to Cheat on the site The only thing i can suggest is if there is a contest that allows multiple entry say up to 3 and you only put one entry in then i would not say someone is cheating everyone has the option to do so this is also how every Fantasy Site Operates.If you are Referring to what has happen in the past to company i can not mention we do not and will not ever Operate In that Sort of Fashion. My Advice Is If you want to Beat most users in Fantasy Sports just do minimal homework may sure to check the injury the weather who is starting who is not these tools right here put you in a better position too win.

DFSCoin is the official crypto coin for fantasy sports that allows sports fans world wide to play in contests and tournaments without restriction and to provide DFS sites a cost effective way of processing payments with out the risk of fraud or charge backs.

As I've read above it says "cost effective ways to process payments without risk of fraud or shipping charges" in what way reduces the risk of cheating.

looks interesting, I want to participate in here if any bounty.. 

hi NicoDFS!
image on Open page is gone...
but for bounty i mean some rewards for translation of [ANN] thread or a reward for a bitcointalk sigature.
nothing like this bounties?

https://www.draftdaily.com/

https://bitcointalksearch.org/topic/pre-ann-open-public-beta-daily-fantasy-sports-bounties-for-beta-testers-2020873