[ANN] ⚽️ FansUnite ⚾️ Sports Betting on the Blockchain

[BlitzandBitz]

Unikrn
Unikrn plans to offer a betting platform catering to the eSports market only. They are also built on Ethereum and, though not stated, we presume that their fees are in line with traditional books. They have a good existing user base and platform, though only servicing the eSports betting market means they are not a direct competitor for us.

I'm sure there's a good reason they aren't disclosing their fees.

Definitely... I would bet it would be closer to 6x higher, if not more. We will offer the same events, most likely, just at drastically better odds for the individual bettor.

6x sounds like a lot, but realistically it's only like 3%.

6x and 3% are both a lot in this field. Margins are razor thin. That extra 2-2.5% could easily be the difference in being profitable or not.

[Dipsomaniac]

Project looks good. Betting and football related projects can get good investment in ICO's.
Your visual designs are nice too. Good luck

Yeah all their graphics look great. Clean, and sharp.

[JonnyFU]

Need to wait until 2019 to have a mobile wallet?? That's too long.

That is a super long time. Maybe if this is more successful they'll be able to allocate the resources and get it done sooner?

Agreed, whole purpose of having a functional token like this is the ability to use it. With the mobile launch and beta so far away, there is very little incentive to buy this token in an ICO. It will not likely appreciate much in price from ICO date until platform launch as the team is not doing anything particularly innovative in the blockchain space. You are just building a sportsbook with low margins. This ICO would be more successful if you had a current website we could bet on with just bitcoin for instance to get excited about the low margin offerings with high liquidity. And then you could present the ICO and you'd raise a whole lot more.

Something like Wagerr may or may not work out, but at least there is a rationale for an ICO for a project like that. I'll wait for this one and look forward to using your platform as a bettor myself when it is ready in fall of next year, but I will be holding other coins/tokens until that time as they offer far more growth from now until that time. This token has no incentive to 'get in early' so to speak. Hold your bitcoin and/or altcoins and buy this one next year guys. You'll have a lot more FAN to bet with that time. If all the tokens in week 1 were sold, it'd raise 117,000 ETH. This project doesn't need 35+ million. It could do fine with 1/10 of that amount. The minimum raise of this project at 5,000,000 should actually be the hard cap if valuations actually mattered in the crypto space.

Hey cryptokyle,

Thanks for the support (long-term anyway ). There's definitely a little confusion as to the difference between a mobile wallet and a mobile app, our 2019 projection was a conservative timeline for a fully native mobile app launch...Also, our token is purely an ERC20 token, which will mean it can be stored on any mobile wallet that is set up for Ethereum altcoins. Our platform wallet will be available in conjuncture with our closed Beta launch June 2018.

While we do agree with your point that the price of FAN will likely shoot up significantly upon the launching of our actual betting platform, I think your expectation that we just build out a full functioning book already operating with a 1% margin and high liquidity with zero funding is a little unrealistic - the entire point of a token sale is to generate funds to build, market and license this project. As we are taking a fully regulatorily compliant approach, there are significant legal and startup costs associated with securing licenses globally. In addition, in order to meet our aggressive timelines and plans for rapid market acquisition, there are equally significant development and marketing costs that we will be incurring.

As always, thanks for all the feedback guys.

So what will the native FU wallet offer that we can't get with any other wallet?

The platform wallet will allow bettors to bet on our web-based platform (and mobile from your browser) as soon as we launch our beta. Our timeline for the mobile app, which will include the wallet, is conservatively set for 2019 - though we internally hope to best this timeline depending on hiring etc.

The platform wallet will allow bettors to bet without worrying about paying transaction costs associated with placing a bet.

[ifyousmell]

I think it is a good idea to provide bettors with a cheaper, transparent and secure betting platform by utilizing smart contrast ETH token. way to go!

[genoameadow]

which other elements does your project infrastructure include?

[duncan-fansunite]

which other elements does your project infrastructure include?

I'm not totally sure what you are asking here. I'd be happy to answer any questions, do if you don't mind providing just a bit more detail, I'd be happy to answer! Either way, thanks for taking the time to ask!

[duncan-fansunite]

Has anyone listed on your team left the project?

No, and that is very unlikely to happen (as far as I can tell) for the foreseeable future. We are a very close core team that has worked together for a number of years.

[duncan-fansunite]

Project looks good. Betting and football related projects can get good investment in ICO's.
Your visual designs are nice too. Good luck

Thank you very much for the kind words!

[duncan-fansunite]

I think it is a good idea to provide bettors with a cheaper, transparent and secure betting platform by utilizing smart contrast ETH token. way to go!

Thank you! We are very excited at the prospect of transforming the betting landscape to be much better for the individual bettor, if you will. Basically, we want to give the individual the best tools and odds that we can so they have their best chance at profitability!

[earthcoin]

The platform wallet will allow bettors to bet on our web-based platform (and mobile from your browser) as soon as we launch our beta. Our timeline for the mobile app, which will include the wallet, is conservatively set for 2019 - though we internally hope to best this timeline depending on hiring etc.

The platform wallet will allow bettors to bet without worrying about paying transaction costs associated with placing a bet.

Okay I want to understand this fully. The transaction costs of placing a bet is different than the .5% fee I've heard about?

[JonnyFU]

The platform wallet will allow bettors to bet on our web-based platform (and mobile from your browser) as soon as we launch our beta. Our timeline for the mobile app, which will include the wallet, is conservatively set for 2019 - though we internally hope to best this timeline depending on hiring etc.

The platform wallet will allow bettors to bet without worrying about paying transaction costs associated with placing a bet.

Okay I want to understand this fully. The transaction costs of placing a bet is different than the .5% fee I've heard about?

Our fee is actually 2%, this is baked into the odds we offer so you'll be paying $100 to win $98... if there's a matching $100 bet on the other side that loses then they just surrender that $100..... so off of a total of $200 laid down, FansUnite earns $2 which is a 1% margin / vig.

The transaction costs we refer to above are actually Ethereum gas costs, which you would be subject to paying if you elected NOT to use our platform wallet and just sent FAN to our bet smart contracts via metamask or myetherwallet.

[deeltje]

Has anyone listed on your team left the project?

No, and that is very unlikely to happen (as far as I can tell) for the foreseeable future. We are a very close core team that has worked together for a number of years.

Good. So much better to have a small loyal team than a large unmotivated one.

[okspam]

I think it is a good idea to provide bettors with a cheaper, transparent and secure betting platform by utilizing smart contrast ETH token. way to go!

Thank you! We are very excited at the prospect of transforming the betting landscape to be much better for the individual bettor, if you will. Basically, we want to give the individual the best tools and odds that we can so they have their best chance at profitability!

I'm surprised nobody has gone the lengths you've gone through to lower costs and provide the absolute lowest cost platform possible.

[Buerra]

Nice project but on this period no one would like to invest on a project which will be on air at 2019. Its pretry long time. At least a beta version should be ready on ico period and platform should be ready in 6 months if you guys really want some investment

[BlitzandBitz]

Need to wait until 2019 to have a mobile wallet?? That's too long.

That is a super long time. Maybe if this is more successful they'll be able to allocate the resources and get it done sooner?

Agreed, whole purpose of having a functional token like this is the ability to use it. With the mobile launch and beta so far away, there is very little incentive to buy this token in an ICO. It will not likely appreciate much in price from ICO date until platform launch as the team is not doing anything particularly innovative in the blockchain space. You are just building a sportsbook with low margins. This ICO would be more successful if you had a current website we could bet on with just bitcoin for instance to get excited about the low margin offerings with high liquidity. And then you could present the ICO and you'd raise a whole lot more.

Something like Wagerr may or may not work out, but at least there is a rationale for an ICO for a project like that. I'll wait for this one and look forward to using your platform as a bettor myself when it is ready in fall of next year, but I will be holding other coins/tokens until that time as they offer far more growth from now until that time. This token has no incentive to 'get in early' so to speak. Hold your bitcoin and/or altcoins and buy this one next year guys. You'll have a lot more FAN to bet with that time. If all the tokens in week 1 were sold, it'd raise 117,000 ETH. This project doesn't need 35+ million. It could do fine with 1/10 of that amount. The minimum raise of this project at 5,000,000 should actually be the hard cap if valuations actually mattered in the crypto space.

Hey cryptokyle,

Thanks for the support (long-term anyway ). There's definitely a little confusion as to the difference between a mobile wallet and a mobile app, our 2019 projection was a conservative timeline for a fully native mobile app launch...Also, our token is purely an ERC20 token, which will mean it can be stored on any mobile wallet that is set up for Ethereum altcoins. Our platform wallet will be available in conjuncture with our closed Beta launch June 2018.

While we do agree with your point that the price of FAN will likely shoot up significantly upon the launching of our actual betting platform, I think your expectation that we just build out a full functioning book already operating with a 1% margin and high liquidity with zero funding is a little unrealistic - the entire point of a token sale is to generate funds to build, market and license this project. As we are taking a fully regulatorily compliant approach, there are significant legal and startup costs associated with securing licenses globally. In addition, in order to meet our aggressive timelines and plans for rapid market acquisition, there are equally significant development and marketing costs that we will be incurring.

As always, thanks for all the feedback guys.

So what will the native FU wallet offer that we can't get with any other wallet?

The platform wallet will allow bettors to bet on our web-based platform (and mobile from your browser) as soon as we launch our beta. Our timeline for the mobile app, which will include the wallet, is conservatively set for 2019 - though we internally hope to best this timeline depending on hiring etc.

The platform wallet will allow bettors to bet without worrying about paying transaction costs associated with placing a bet.

Thanks for the clarification. It would be nice to save some in ETH fees. I can see why it's kinda on the back burner now too, it's not absolutely crucial to your model.

[Dipsomaniac]

Are you guys looking for new talent to bring onto the team?

[duncan-fansunite]

Nice project but on this period no one would like to invest on a project which will be on air at 2019. Its pretry long time. At least a beta version should be ready on ico period and platform should be ready in 6 months if you guys really want some investment

Thank you for your comments. We have an existing platform with over 100,000 users viewable at https://fansunite.com/. We will have an Alpha version available for the real money sportsbook in April of 2018, and a Beta in June of 2018.

[duncan-fansunite]

Are you guys looking for new talent to bring onto the team?

We are always interested in talking to potential new hires that are passionate about the project. As you can imagine, sports betting is an industry that some people really are passionate about, and as such, we've had quite a few reach out to us. We will always make time to speak with our community, and people who are interested in working with us!

[deeltje]

Nice project but on this period no one would like to invest on a project which will be on air at 2019. Its pretry long time. At least a beta version should be ready on ico period and platform should be ready in 6 months if you guys really want some investment

Thank you for your comments. We have an existing platform with over 100,000 users viewable at https://fansunite.com/. We will have an Alpha version available for the real money sportsbook in April of 2018, and a Beta in June of 2018.

I guess they were confusing the mobile wallet with the platform launch?

[BlitzandBitz]

Since you guys basically have an in house machine learning team, are there any other uses they have come up with for machine learning with FansUnite besides prediction of odds?