POKERSPORTS ICO REVIEW

PokerSports is a platform that offers a number of different fantasy sports games that require skill, knowledge and social interaction. Through the integration of the iGaming and eSports markets, we are looking to revolutionize the way fantasy sports are played today.

Vision & Mission ..

PokerSports’ create a centralized platform where all fantasy sports fans can play a large variety of games that feature all major sports. Furthermore, with the creation of Competitive Fantasy Sports (CFS), the first-ever eSports league made specifically for fantasy sports, we are finding ways to make fantasy sports more than just a game.

Destination:

PokerSports’ main focus is to take a fantasy sports industry that has remained stagnant over the past several years and flip it on its head. With daily fantasy sports dominating the market right now, fantasy sports fanatics — nearly 60 million of them — are limited in their ways to play. PokerSports plans to introduce not just one new way to play, but dozens of new ways to play in an effort to expand the possibilities within the fantasy sports world.

All of our fantasy sports games will work to solve the issues that daily fantasy companies are currently dealing with, including, high service fees and the slow withdrawal of funds. However, while we do plan to market our product as an improvement on how fantasy sports are currently played, we still worked to preserve the aspects of daily fantasy games that have made them such a huge success over the last several years. We want the idea that a user can have a new team every week and isn’t tied down to any particular set of players to remain a key feature across the majority of our games.

PokerSports believes that the creation of the PokerSports Token, one of the first gaming tokens based on the Ethereum blockchain, will make it easier to reach our goal.

Innovative to play: PokerSports is also working to successfully combine fantasy sports with the iGaming and eSports market in an effort to make the sport even bigger than it already is.

MARKET EVOLUTION:

Fantasy user sprots data.

But what is even more important than the number of people playing fantasy sports is how much they are spending on it. As of 2016, a fantasy sports player was spending an average of $556 on league-related expenses over a 12-month period. When factoring in all the numbers, the FTSA values the entire fantasy sports industry at $7.22 billion in 2017, and it is still growing.

By keeping service fees low thanks to the implementation of the PokerSports Token, we seek to create a positive relationship with our users and give them a more positive experience overall.

The use of PokerSports Tokens on our platform will remove any processing period that exists on these daily fantasy sites and allow for funds to be transferred immediately.

We have already released our first unique game called FantasyStud:

A Fantasy Sports Card Game. With the expected growth of our games, we aim to integrate blockchain technology across all of PokerSports to remove barriers, increase transparency and interconnect all of our products.
The PokerSports Token can be used as digital currency to play all of PokerSports’ games and to access exclusive information only available through PokerSports.

By using a unique gamified token (XPST) rather than using USD, players around the world can enjoy competitive fantasy sports gaming while using a trustless system; a system that removes all holds on funds or unexpected fees. It allows our users full control of their digital assets and allows them to instantaneously transfer XPST to wallets outside of PokerSports.

Users will be able to use XPST across all PokerSports’ products, and each product is tailored to the particular interests of a specific type of fantasy sports. All of our games integrate a different iGaming platform with Fantasy Sports, which challenges fantasy sports users like they never have before.

Featured Games:

FantasyStud takes fantasy sports games to a whole new level with the dynamic PX scoring system. To start, you are dealt seven player cards face down at a poker table. The cards are then flipped over one by one in between betting rounds to reveal your fantasy team for the week. You can build strategic point multipliers by swapping and trading for cards of players on the same team. When trading and swapping is complete, your fantasy team will compete and score fantasy points. The user with the highest-scoring team will win the pot at the table. FantasyStud is highly competitive and strategic. We believed that people would enjoy watching the best FantasyStud players compete, which led to the creation of The CFS.

What will drive token value.

By the end of 2018, the goal is to have 1% of the U.S. Market (700,000 Users) The Average U.S. Fantasy Sports User spends $556 Yearly (FSTA.org) 700,000 PokerSports users will spend $556 a year 700,000 * 556 = $389,200,000 Worth of $XPST held by our users As we grow globally, the demand for $XPST increases.

Financial:

PokerSports User:
24 months.

Goal: 250,000 Users
$556 Avg. Spent Per User (Forbes.com)

4% Rake
$556,000 Annual Revenue

Business: PokerSports will be considered the casino of fantasy sports. We plan to create more than 20-plus integrated fantasy sports platforms. XPST is one of the first gaming tokens based on the Ethereum blockchain, and users will be able to purchase XPST, which can then be used to enter contests in any PokerSports game. 96% of XPST used in our contest will be distributed to the winners; 4% will be used to continuously manage and improve our contests (as compared to roughly 8-10% from large Fantasy Sports companies such as Draftkings). In addition, users will have the ability to utilize XPST through PokerSports’ partnerships that use our technology.
Problem: One of the main problems with current fantasy sports platforms is that the funds aren’t easily withdrawable. On top of that, large withdrawal fees most likely follow. The most important thing to PokerSports is the users. We want users to have full control over their funds, which is why users will be able to instantaneously transfer their XPST to other wallets and trade them for other cryptocurrencies if they no longer want to play PokerSports games. This process of redistribution of XPST on digital asset platforms not only encourages new players to play, but also allows users to potentially monetize their funds outside of PokerSports.

What will PokerSports deliver?

PokerSports will create unique Fantasy Sports games by combining iGaming platforms with traditional Fantasy Sports platforms.
PokerSports will create a decentralized currency that users can use to play all of the unique Fantasy Sports contests with extremely low service fees and instantaneous transfer of winnings.
PokerSports users will be able to transfer XPST to other digit wallets outside of PokerSports. XPST can be exchanged for other cryptocurrencies.

Token Sale:
Pre-Sale Funding Goal 2,000 ETH.
Soft Cap 600 ETH.

Main Sale Funding Goal 10,000 ETH.
Hard Cap 20,000 ETH.

ERC20 TOKEN.
The Ethereum blockchain is based on the use of tokens which can be exchanged from peer to peer. There are several different tokens that stem from Ethereum one being the ERC20 Token. These tokens represent digital assets. ERC20 is a standard Ethereum token that guarantees interoperability between tokens. The ERC20 tokens are created through Ethereum smart contracts. In other words, the ERC20 Tokens are a subset of Ethereum meaning it conforms to the same parameters.

ERC20 allows for seamless interaction with other intelligent contracts and decentralized applications in the Ethereum blockchain. This token defines a set of rules which need to be met in order for a token to be accepted as an “ERC20 Token”. These tokens can be transferred and traded to other cryptocurrency wallets like Ethereum and Bitcoin.

The decentralized Ethereum blockchain network is made up of nodes configured of ERC-20 tokens. XPST tokens operate within the network protocol allowing for peer to peer transfers, completely cutting out 3rd party associations.