Online fantasy sports are growing in popularity worldwide. In 2017, the amount of annual payout to users reached $7.2 billion, while the audience in the USA and Canada exceeded 59 million, according to Legal Sports Report. While there are some significant barriers to ensuring the continued development of the industry, some of them can be easily removed with the help of blockchain technology.
MyDFS project team aims to redefine the industry by adding maximum transparency with smart contracts technology applied at all stages of the gaming process. Blockchain technology will remove verification processes loaded with red tape and assorted formalities, simplify compliance procedures, and reduce the deposit and withdrawal timeframes.
The new platform will allow users to check at any time the entire transaction history, in-game stats, other users' teams, and scoring rules. The MyDFS platform supports instant payments as digital assets are deposited directly to the user's account, bypassing banks. Besides, MyDFS presents player brokerage to fantasy sports, a brand-new feature that lets casual users “hire” professional players to participate in the league for them. Using this feature, newbies can easily become winners and professional players can earn by playing the game.
"MyDFS is a blockchain-powered daily fantasy sports platform from uTrener and KHL Fantasy apps creators," comments Viktor Mangazeev, CEO and founder of the project. "We've simplified the user experience to make the game enjoyable for players of all types. You can use MyDFS tokens to play, win, and exchange it for other cryptocurrency or fiat money. Moreover, we are pioneering player brokerage to let casual users share prize pool with Pro."
MyDFS ICO details
The MyDFS ICO starts on May 21st and will last until June 12th or until the hard cap is reached. The company will issue 125 million tokens in total, 50 million tokens for sale, with the hard cap of the crowdsale set at $40 million. The standard price is $1 for 1 MyDFS token. All unsold tokens will be burnt.
If you're interested in this ICO, you can visit the official website or join the MyDFS Telegram community.
This article appeared first on Cryptovest
