ICO: MyDFS – Blockchain-powered daily fantasy sports platform
MyDFS is a blockchain-powered mobile fantasy sports platform. It is a great entertainment source which also solves major issues in fantasy sports.
What is Daily Fantasy Sports?
In daily fantasy sports (DFS), players create virtual lineups from real players. Then, they play real games of popular sport leagues and earn points for every effective action their lineup members score throughout the game. Winners share the prize pool.
What is MyDFS token?
MyDFS (Daily Fantasy Sports) is a token used in fantasy sports games. It helps provide a simple secure interface between the players and the league action that they love.
What exactly can I use MyDFS tokens for?
MyDFS tokens is an additional way for users to grow the value of what they own and win on our platform. They can be used for:
Participating in games (paying entry fees, receiving winnings)
Buying in-game content and subscriptions
P2P transfers inside the platform
Investing in other players on the platform
Withdrawing to crypto exchanges to get other cryptocurrencies or fiat money
What is the token price?
MyDFS token basic price is $1. The price may be higher or lower depending on selling stage and amount already purchased. Currencies accepted: Ethereum, Bitcoin, Dash, Ether Classic, Bitcoin Cash and Litecoin.
What is the total supply of MyDFS tokens?
The total supply will be 125 million tokens.
There will be 50 million tokens available for purchase during the pre-sale and crowdsale.
What is soft cap/hard cap?
The soft cap during the crowdsale is $4,000,000 and the hard cap is $40,000,000.
What about the lockup and vesting periods?
The lockup period ensures that tokenholders don’t sell until 14 days after the last round of token sales is complete. After that, the tokens will be listed on a number of well-known, trustworthy exchanges.
Vesting applies to team tokens, ensuring that the team’s and advisors’ priorities properly align with the community’s. The team will successfully deliver the project as it’s stated in the project roadmap. Therefore, Advisor Tokens vest at 100% for 14 days after the close of the ICO sale. Founder and Core Team Tokens vest for one year from the date they are allocated. They are also unlocked by 1/12 each month.
What will you do with the unsold tokens?
The unsold tokens will be burned after the sale ends.
Are there any countries that can’t participate in your ICO?
Yes, there are some restrictions we must adhere to. Currently, the citizens of China, US and Singapore cannot participate in the ICO.
Where and when will I receive MyDFS tokens?
MyDFS tokens appear in your ERC20 compatible wallet as soon as you complete the purchase in the application or as soon as you filled the form on our site, and your Ethereum (or Bitcoin) tokens have entered our account. If you pay with Bitcoins, the process will take a bit longer, because we will have to make the transaction manually.
How does the ICO work?
Participants should create a Token Compatible Ethereum Wallet, and then fund that wallet with Ethereum, Bitcoin, Dash, Ether Classic, Bitcoin Cash or Litecoin. After you establish and fund your ERC20 compatible wallet, you send your tokens to the MyDFS ICO address. Tokens are then issued to your ERC20 compatible wallet.
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