I don't understand what is the business plan of this project, how does it intend to make money?
I can't believe after 55 pages of this thread and yet you do not understand the whole concept.they are currently holding an ico to generate funds to be able to sustain the platform,apart from that they will also sell token in their website and of course there are exchange where they can also sell .
ICO doesn't generate funds in the sense of an income LOL. They can only generate income in the way fantasy sports sites do, that is taking a commision on betting volume. However I don't see any significant advantages over the current sites.
They can generate income through the sale of their remaining tokens and potentially commission on trades if they do a player loan market. As an investor you are hoping there will be demand for XFC from players that must purchase XFC to buy blockchain based in game items. In that sense it's similar to GameCredits (GCR) valued at over $300 million.
Football is the most popular game globally, with leading sites having 4 million players +. XFC aparently compares favourably in terms of quality and because the cards are blockchain based you can have confidence their issuance is limited & transparent & so can ascribe good values to them in a fantasy game where you can also compete to win XFC which you will even be able to access through an XFC debit card.
I used to play FanDuel and Premierleague Fantasy Football, they have milions of users, and cover only EPL league and only about 10 entry data in their scoring system. In FootballCoin there is 3 leagues now + 3 more starting August and 34 entry stats data in their scoring system, so my idea is that they can have a similar number of users after global launch in 1-2 years maximum.
They have also stated that the XFC new players will be buying from them when they launch in August will come from any of the unsold ICO XFC but then they will buy it from the market to resell to customers. Even demand for a few thousand cards could require 10%+ of circulating XFC to be bought off the market which could drive the price very high.
For the global launch we will not touch the 800 mil. in stash. We will only use what we have left after the ICO and if it is not enough we will buy from the market and resell at higher price for fiat money as coupons in the game.