FundFantasy Is The First Provably Fair Game Fantasy Platform For Financial Enthusiasts

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FundFantasy is the first provably-fair game fantasy platform for financial enthusiasts, backed by blockchain technology. Our platform allows untrustworthy and transparent games, and therefore is a natural solution to well known problems in online trading and the online gaming / gambling market.

As the old sports betting industry revolutionized by the appearance of Fantasy Sports Daily, people were reminded of the fact that good ideas can change the world. This is what FundFantasy intends to do for the online trading market.
FundFantasy at its own beta-testing Financial Fantasy Contest The foundation of investment simulation on a fun, safe, and environmentally responsible financial asset, free from any conflict of interest that plagues both markets.

Platform Highlights

+ Fully transparent: All contest details are upfront and available for inspection before admission. Once the contest begins the user can view and compare their portfolios with those delivered by their opponents.

+ Provably Fair: Asset prices are based on accurate, publicly available data from reputed and respected financial data APIs. The portfolio is encrypted until the contest locks and starts, and is therefore inaccessible even to FundFantasy employees.

+ Easy to use: a very intuitive gameplay. Users allocate 1 million US dollars to their long / short position on the assets available on our platform.

+ Social: Users can create their own contests and invite their friends.

+ Beneficial: Users can participate in contests bringing FundToken, BitCoin, and Ether gifts

+ Low cost: FundFantasy costs only up to 10% of each contest.

+ No actual ownership of financial assets

+ No conflicts of interest

+ Responsible Gaming & Self-Exclusion: Users can limit and limit their own game behavior.

+ Multiplier Contest: Users have the opportunity to win x2, x3 participation fee.

+ Lottery-size gifts: Top weight contests will ensure winners get great and strong prizes.

+ Low entrance barriers: free contests are also available.

+ Multiple Entries allowed Users can craft and submit the best portfolio they can think of.

+ Much more fun!

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

1. Purchase tickets and thus contribute to the pool of this competition prize. FundFantasy charges 5-10% fee of each contest and the rest is distributed among the winners as a gift, according to the prize allocation model. Costs used for operating and marketing purposes and to fund the FundFantasy Total Prize (FFPP).

2. Create and submit a portfolio. Users, when creating a portfolio they can select assets from different asset classes including stocks, commodities, cryptocurrencies, and fiat currencies. the portfolios submitted by these users are sorted and ranked as soon as the contest ends according to their rate-of-return, which is calculated on the basis of the offer price of an established and reputed API of financial data. Portfolios are encrypted from when they are submitted by users and are only published once the contest begins - in this way we solve asymmetric information problems that may occur when the fantasy employee has access to the portfolio submitted by the user; situations such as these can be utilized by management or employees to gain an unfair advantage.

FundFantasy is a refreshing and new investment fantasy experience, and we are proud to be the people who introduce this new fantasy category to a decentralized economy. The fantasy model has shown popularity and mass acceptance in the US as in the case of Daily Fantasy Sports (DFS). FundFantasy creates a lost link between two popular markets by providing a safe, provably-fair, and simplified way to play the role of investment manager / investor, promotion, and prize-winning. in the first game of its kind.

Current view:
Since our platforms and games are the first of its kind, there are currently no direct competitors active. Our users share common characteristics with users of the following platform types:

Broker-Dealer Online
Daily Fantasy Sports
Online Poker Site
Online Casinos
Lotteries online
Sports Betting Place

Platform appeals for both fantasy gamers and merchants online. our users will be good:
1. Merchants who want to take some time off their day-to-day burdensome burdens, and are looking to play a fun, simple version of the real thing, with a fixed rate of risk and with opportunities for high payouts.

2. Gamers who want to play a new game, and will either want to try their economic analysis skills, or want to get acquainted with the investment world, by playing simulated versions while competing for FundToken, BTC, ETH and other prizes.
As given by Michael J. Gutmann:
"Trade and gambling are both stochastic fundamentals ... [and] it is similar that they are both attempts to create capital gains, over a relatively short period of time"

In a 2015 study conducted in Taiwan, researchers Xiaohui Gao and Tse-Chun Lin hypothesized and discovered it
"Individual investors treat trade as a fun and exciting gambling activity, which implies a substitution between this activity and an alternative gambling opportunity ... Individual investors trade less on a big jackpot day, or equivalent, that there is a substitution effect between stock trading and lottery participation. "
Online Trading Market:
People who are actively involved, independent investments are now a regular part of the social landscape. According to Celent 2015:
"The independent investor segment grew faster than non standalone segments (4.9% and 1.4% respectively) ... The US self-sustaining population balances away from traditional investors and more towards active and active trader investors .... Woman and the millennium will continue to enter the self-directed market at all customer segments, slowly changing the profile of the self-directed average investor. "

This means that the market is already educated (and more) in the art of capital allocation, which is precisely what the core of FundFantasy is about. Users can engage the FundFantasy platform with easy intuitive.
It is well known that online retail trading is a huge market, to say the least. According to the Bank for International Settlements (BIS):

"The volume of retail foreign exchange trading represents 5.5% of the overall foreign exchange market ($ 282 billion in
daily trade turnover) ... the foreign exchange market averaged $ 5.1 trillion per day in April 2016. "
And in emerging markets:
In Hong Kong, "Online retail trading accounts for 47 percent of total retail investors trading, compared to 44 percent in 2014/15".
In Thailand, "online retail trade jumped 239 percent to 1 trillion baht ($ 30.72 billion) in February from the previous.8 years"

Unfortunately, the online trading industry has been plagued by numerous allegations of fraud and direct fraud. One would imagine that the practice would be a relic of history in the internet age, which has so far been characterized by a large flow of information and a relative increase in transparency. This, however, has not been the case. The latest example is FXCM9. From Wikipedia:
"On February 6, 2017, CFTC imposed a $ 7 million fine on FXCM to defraud retail customers. The Commission finds that closely related companies act as major market makers for trade, and that FXCM lies to customers about the market maker. FXCM received $ 77 million in "rebates" from market makers ... [The CFTC] banned companies register with CFTC, which effectively bans from US commodity brokerage industry "

This is a very unfortunate case, because FXCM is the first public foreign exchange broker, and for many years has become the largest retail forex broker. What's more surprising is that this is not the first time. More from Wikipedia:

"In December 2010, FXCM went public and started trading on the NYSE, becoming the first forex broker in the United States to issue shares to the public .... The following year, in February and March 2011, several lawsuit class actions filed against FXCM , accusing fraud and extortion of deceptive and unfair trading practices, and misleading shareholders during the 2010 IPO. In August 2011, the NFA fined FXCM $ 2 million for skid malpractice. "
this type of behavior is also showcased in the UK, where, according to the FCA director of enforcement and financial crimes, Tracey McDermott
"Between August 2006 and December 2010, FXCM Group continues to profit from favorable market movements between time orders placed by FXCM UK and executed by the FXCM Group, while losses are borne to clients in full - a practice known as asymmetric price slippage."
It is important to note that the purpose of this analysis is not to slam FXCM specifically, but to raise a number of questions:

+ How can such errors and grave breaches like trust go so long and on such a large scale? Is ignoring this allegation of exclusive fiduciary standards for the above-mentioned companies, or do they absorb the entire industry?

+ How effective are the current methods of society dealing with these issues? Should we wait until the next scandal erupts where millions of dollars in savings will again be lost?

+ Should all retail traders, who have foreign currency for the sole purpose of capital gains net, put themselves at the mercy of the predator mediator?
The answer posed by the FundFantasy team of three brilliant 'None of that.

+ Even under the assumption that other industry giants act in good will, transparent and untrustworthy platforms will definitely improve the conditions of retail traders.

+ Post-bust "slap-on-the-wrist" approach has failed terribly over the years.

+ Investors looking for dividends can always buy stock or bond dividend yields - but the fact is that most retailers in both currencies, commodities and stock markets, are doing so for the sole purpose of speculation for capital gains, that is gambling.

The online trading market is ready for a relaxed, fun, easy and fully transparent platform for financial speculation, without the risk of a large counterparty currently involved.

Online Gaming Market:
The online gaming market is one of the fastest growing segments of the gambling industry. According to KPMG
"H2 Gambling Capital, a leading supplier of data and market intelligence in the global gambling industry, places the global online game market size of approximately US $ 21 billion, reaching US $ 30 billion by 2012. But that may be just a decline in the ocean ... As the popularity of gambling and online entertainment continues to grow, the online gaming market is undoubtedly an exciting expansion area for software developers, casinos and other land-based gambling operators, related suppliers, and newcomers and industry investors. "

According to the Sports Fantasy Trade Association
"Daily fantasy players have doubled in the last two years. 56.8 million people play some form of online fantasy sports in the United States and Canada. 57% have a college degree or higher, and reports 47% of household income of $ 75,000 and above. 66% enjoy full-time employment. "

The current online gaming market has reached the temporary highlands, new games have not been introduced since the appearance of Fantasy Sports Daily (DFS). The expansion of the fantasy model from the sports betting industry to the financial speculation market is very natural and intuitive, some say even more than sports.
FundFantasy leads the battle for gaming completely transparent and provably-fair. As is the case with the Fantasy game platform; access to user-submitted portfolio databases provides unfair advantage While the two main US-based DFS providers have imposed their own employer and rival bans on their employees, the FundFantasy portfolio data is fully encrypted and inaccessible to the FundFantasy team and employees. The data portfolio is only published once the contest begins. With backwinds of transparency and fairness provability, FundFantasy has a great shot at positioning itself as the first provider in untouched markets and thus gaining a big foothold, for the benefit of our sign holders ERC20, and the FundFantasy community as a whole.

Platform:
FundFantasy:
Our self-funded platform is already built and operational, and the alpha version is scheduled to launch in the coming months. The contest will be published on the platform lobby. All details are upfront for users to check before the contest enters, including ticket prices, fees, prizes, dates & durations, entries and so on. Due to fixed ticket prices, the risks of participation are known in advance and independent of market volatility.
asset prices come from a 3rd party provider of well-known and respected financial data. Portfolios are encrypted from the moment they are submitted until the key of the contest and begins, where they will be seen contest participants, making our contest provably fair-up down.
Although the game revolves around financial assets, our platform does not purchase financial assets on behalf of clients - relying only on market data to perform relevant calculations. Because it is characterized by a much lighter attitude, lower counterparty risk, full transparency, and higher payout opportunities. Users enter the contest by purchasing entrance tickets and submitting their portfolios. Contests vary in duration, size, asset-class, and other variables. Decentralized smart contracts will manage the entire process; deposits, ticket purchases, contests, prize payments and withdrawals are all done without human intervention.

Run test and Market Validation:
our alpha version has been successfully tested with over 100 users. Polls taken between users indicate that: