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Hey guys, I'm happy to answer any questions you may have regarding the new direction of the FansUnite Protocol. We are pretty excited with the Protocol we've been developing, the team we've put together, and the plan for the future of sports betting.
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What sports are you featuring on your platform?
It will be all sports on a traditional sportsbook. From Champions League to NFL to darts to eSports to volleyball. |
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Is this project officially dead right?
Not at all. News will be coming out soon. We've been working hard building the backend of the platform. |
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I am looking forward to this one, seems there are interests from VC. Blockchain can create transparent bets
Definitely. Blockchain and Smart Contracts will ensure that bets are properly graded and paid out accordingly. |
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How many people are working on the project now?
It was 8 full time a month ago, curious if it's grown now. It's still 8. It's a very tight knit group that work together for 12+ hours a day. We will definitely complement our team where needed. |
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How much have you guys already invested into FansUnite if you had to estimate?
Personally, we've spent a good few years and around $400,000-$500,000 from the founders. We've had a few different investments, however, that have helped immensely. That was for FansUnite.com, however. Keep in mind that FansUnite.io, the real money sportsbook, is a separate venture that we've been developing in-house for the last 6+ months. Separate venture but ran and developed by the same team right? That's quite a lot of investment already, it's obvious you guys are all in. Yes exactly. Separate venture, but ran by the same team. We will utilize the existing IP where possible to jump-start development as well. |
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What would you guys say your biggest obstacle to date has been?
Balancing the commitments required in traveling and attending conferences with the ongoing demand for meaningful work to get this platform finished. It's definitely an exhausting balancing act. That is a surprising answer. About how many conferences have you guys been to now? We've been to four major conferences, and a few smaller meetups. Being based out of Vancouver, Canada, we've traveled, in the last 60 days, to Gibraltar x2, London x3, Spain, Germany, Switzerland, and Hong Kong. |
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How much have you guys already invested into FansUnite if you had to estimate?
Personally, we've spent a good few years and around $400,000-$500,000 from the founders. We've had a few different investments, however, that have helped immensely. That was for FansUnite.com, however. Keep in mind that FansUnite.io, the real money sportsbook, is a separate venture that we've been developing in-house for the last 6+ months. |
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Any big investors on board?
Yes, a major shareholder of one of the biggest sportsbooks in the world is a contributor. I can't name names yet, but there may be a press release in the upcoming weeks. |
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What would you guys say your biggest obstacle to date has been?
Balancing the commitments required in traveling and attending conferences with the ongoing demand for meaningful work to get this platform finished. It's definitely an exhausting balancing act. |
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Are there any new features still in the ideas stage that might not even make it in?
We always throw a bunch around every day in the office, but nothing we've really locked in on. The closest idea to becoming a possibility is that of staking other bettors, though we do still need to work out the legalities of everything surrounding that. |
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Are you guys seeing good results from your bounty campaign?
It's exciting to see the adoption from the community, but there are definitely a lot of tokens left out there for interested parties. Hopefully we get a bit more traction. |
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So what happens to unsold tokens?
They will be placed in the Platform Supply Pool to pay out winning wagers. If there are an excess of tokens in the Platform Supply Pool, they will be sold to bring in new members (at a significant premium to market prices so as to not suppress the token price). Other excess tokens in the Platform Supply Pool will be distributed to existing members through the Community Incentive Plan |
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I've heard there's a lot of benefit to registering gambling sites in Curaçao, will you guys be going through them?
No, our plan is to be based out of Gibraltar. We've been working with our legal team out there, ISOLAS LLP, and will be engaging the gaming authorities there to obtain the appropriate license. Gibraltar have stringent gaming requirements, so our hope is that when the US legalizes sports betting, we will be well positioned to obtain a license there. That's a very telling approach. Everyone else wants to take short cuts and take the easy path, you guys are planning far ahead and aren't afraid to work harder right now to ensure success in the future. Thanks for the kind words. Even as a lawyer myself, I can attest that the proper legal path does take a surprising amount of time and effort. Interesting, do you specialize in blockchain or betting? I specialize in the intersection of corporate commercial with blockchain and digital asset law. |
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I remember another token Hero, they have already a mature project for betting
Hero only offers eSports. We offer everything from eSports to darts, to cricket, to tennis, to NFL, to English Premier League. |
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Any chance of you guys expanding to eSports betting?
We will for sure offer eSports betting. It's one of our core offerings. We already offer eSports on our existing platform, FansUnite.com and will definitely offer eSports betting on our real money sportsbook at FansUnite.ioThat's great, there's lots of money to be made there. Yeah, it's one of our fastest growing sports in terms of volume of bets, so we are very excited to watch the continued growth. |
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Any chance of you guys expanding to eSports betting?
We will for sure offer eSports betting. It's one of our core offerings. We already offer eSports on our existing platform, FansUnite.com and will definitely offer eSports betting on our real money sportsbook at FansUnite.io |
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I've heard there's a lot of benefit to registering gambling sites in Curaçao, will you guys be going through them?
No, our plan is to be based out of Gibraltar. We've been working with our legal team out there, ISOLAS LLP, and will be engaging the gaming authorities there to obtain the appropriate license. Gibraltar have stringent gaming requirements, so our hope is that when the US legalizes sports betting, we will be well positioned to obtain a license there. That's a very telling approach. Everyone else wants to take short cuts and take the easy path, you guys are planning far ahead and aren't afraid to work harder right now to ensure success in the future. Thanks for the kind words. Even as a lawyer myself, I can attest that the proper legal path does take a surprising amount of time and effort. |
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Is there a particular country the majority of the team is from or is it more globally based?
Everyone lives in Canada (except some of the advisors), and works out of the same office every day. Great core team that are used to working together and will be in it for the long haul. That's awesome, are you guys Toronto based by chance? Vancouver, though we are out in Toronto every few months. So SaberCruncher is Vancouver based too? Yep! The group works with their desks next to ours now every day. Do you guys have any pictures or videos around the office? I'd love to see your setup. There's a bit of a video in the background of http://victorysquare.com/, but we will try and get a proper one of the FansUnite team set up. |
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