Topic: [ANN] ⚽️ FansUnite ⚾️ Sports Betting on the Blockchain - page 17. (Read 6746 times)

600 isn't bad, maybe you could try to push more people to it?

That's great. I could see a service like this getting a lot of mobile users on board.

Thanks hughjays77! We've just had the Token Information document designed, and hope to have it released tomorrow or Tuesday, but Wednesday at he latest. That will have all the information in it that you are looking for!

Thanks for your support and for the kind words!

Hi BlitzandBits, great question. The tokens being held for founders will be subject to a release schedule for 18 months. In regards to big contributors and the possibility that they dump their tokens as soon as it is listed, we have strategically aligned ourselves with investors that we do not foresee (and have received assurances from) dumping their coins in the short-term. Of course, there is no guarantee, but we are relatively confident as we've had quite a few conversations these parties.

Hi BuyingFast, there is a team of 8 that are on the project full-time. I would also guess that our advisors and surrounding team spend at least 4 hours a day on the project, if not more.

Any news on ICO date? I like the project, the team and the real product you already have.
Your platform is pretty cool sir.

Is there anything to stop traders from getting a good deal on the tokens early on, only to dump them at the first exchange? I've seen this tactic mess over ICO's before.

How many people work on this project part time or full time?

Around 600 at this point, but we've got a good foothold in our existing community on FansUnite.com.

Sounds good. I would urge anyone looking at contributing to FansUnite.io to check out all of our team members. Not only are we proud of the team we've ensembled, but it's probably best practice to do so for all possible projects, anyways.

Any idea how much is premined in total at this point?

Any numbers on this? I find it's a good way to gauge serious interest.

Looking forward to the roadmap. Be very good to know you plans to make the right judgement on the project.

The roadmap should be very telling. I'll definitely be checking it out.

We certainly think so, as much as the movement is to decentralize and deregulate everything in crypto... it can still pay dividends to have a group with industry knowledge and concern for their community in the drivers seat.

We won't let you down.

This is actually the best way to go about it. Have a specialized company handling everything related to that part of the business...

I'll have to check out Segev LLP, they sound pretty crucial to your whole operation. Thanks for the reply.

Great question! Yeah, we definitely will be releasing mobile apps. That will be part of our updated Roadmap which will be released, hopefully, next week.

Hi goshay97, there are similarities to Wagerr, but a few key differences. Wagerr is a fully decentralized betting platform building on their own public blockchain. Their aim is to provide a betting platform free of all regulatory oversight. This is in stark contrast to our approach, as we plan to work in compliance with betting authorities and secure all applicable licenses to operate in the jurisdictions we offer betting services to. We wish to operate this for the long-term and continue to develop and improve the platform. Further, all indications are that the odds offered by Wagerr will be in line with the odds offered by traditional sportsbooks, while our odds will be significantly more favourable to the individual bettor. All of this being said, there's room for the two of us (FansUnite and Wagerr) and more in the crypto betting ecosystem. Their goals are ambitious, and I hope they are able to meet and exceed them.

By creating our own digital currency and eliminating much of the spending bloat of traditional sportsbooks, such as payment processors and brick and mortar overhead, we are able to offer bettors more equitable odds. There's a reason sportsbooks are synonymous with printing money, and its certainly not because they offer fair pricing to bettors. Our primary goal is to improve conditions for sports bettors and create a platform we ourselves would be excited to use. We also believe that individuals will have stronger purchasing power through use of the FansUnite token. Our incentives are also aligned with that of our token holders. It is in our best interest, from our individual perspective and that of the platform, for our token's purchasing power to increase.

The main reasons why we feel a need to create our own token are to ensure the incentives of our development team, ourselves, and our partners are aligned with our token holders. We can't really significantly affect the price of Ether, for example, but we can increase the purchasing power of our tokens by driving demand for it. The use of our own token will also, hopefully, help foster a sense of community and pride amongst token holders. If you are a token holder, and have an interest in the value of such token, hopefully you will help that token appreciate in value, as you are incentivized to do so with an increase in your purchasing power. Further, as you've pointed out, we do need our token to store capital and help fund this project.