Betting on assets without owning them, in fact, seems to be a well-known model, this idea is used by Forex correctors and successfully implemented in the encryption market as well. Although, the betting process can even be more fun if you add a contest element. And this is exactly what a new Blockchain project, FundFantasy, offers on its platform, which allows investors to become players and can compete with other players, get the best investment portfolio and win a cash prize.
Invest for fun, play for profit
FundFantasy is currently testing its own Financial Fantasy Contest Platform, which is “simulating investments in financial assets in a fun, safe and responsible environment, free from the conflicts of interest weighing on the online trading market.” According to company data, more than 75% of test users expressed interest in playing again. Following the project roadmap, the official release of the main version of the platform is planned for the third quarter of 2018.
FundFantasy’s “in-game games” platform was inspired by the principle of fantasy sports, an online sporting segment that is getting very popular nowadays. For example, there are approximately 60 million people in the US and Canada who play some form of online fantasy sport, according to the recent report from the Fantasy Sports Trade Association. In a nutshell, players bet on their own virtual teams, receive points while playing and compete for a virtual or real money prize.
The similar principle of online competition is used in the FundFantasy platform, which offers a simplified version of the Ethereum Blockchain-based trading and smart contracts. The platform will allow users to open and organize their own contests, invite their friends and even earn a percentage of the fee charged from the prize pool.
The best portfolio to win
According to FundFantasy, the platform acts as a complete solution where users can safely bet on a number of assets without the risk of losing a fortune while still being able to make big gains. Users can create and submit portfolio of four asset classes: crypto currencies, commodities and stocks, but a portfolio can have its own specifications.
The FundFantasy team claims that the investment simulator is based on real-world market data and pays for encryption. “Our platform offers users the chance to win big prizes, keeping fixed expenses, regardless of the fickleness of the market or the events of black swans.The required” capital “can be as low as zero, as we will also present free daily contests with prizes of cryptocurrency, ”
The FundFantasy crowdsale began on 25 February. The team opted to display all the touches to investors after the ICO to protect investors in case of low sale or ETH / Dollar variations.