blockchain-powered daily fantasy sports platform, MyDFS promises to improve the gaming experience for uncountable amount of fantasy sports enthusiasts around the world by delivering better speed, ease-of-use, transparency, governance and accountability. This mobile based fantasy sports ecosystem, created by the founders of uTrener and KHL Fantasy, runs on mobile devices to address a number of issues that have plagued the fantasy sports industry. The ultimate goal of the project is 'to simplify the user experience to make the games enjoyable for all types of players,' according to a press release by the operators.
The global fantasy sports industry has experienced phenomenal growth over the last few decades. Only in the US and Canada, this market was worth $7 billion in 2017. "However, an extremely high growth rate has led the industry to an immature state where outdated business practices are commonplace," says Viktor Mangazeev, the CEO of MyDFS. "As a result, this highly promising industry has been struggling with several shortcomings including uncertain legal status, complicated gaming experience, complex verification procedures, deposit and withdrawal related issues, and lack of transparency."
"MyDFS was designed as a transparent and worry-free fantasy sports platform that will be capable of overcoming all the existing challenges, leveraging modern technology and contemporary business approaches. The platform addresses the industry's legal issues by introducing cryptocurrency tokens to be used throughout the platform. Limitations such as insider gaming, bots, and other cases of unfair play have been eliminated with the application of blockchain and smart contract technology. Some other benefits for the fans include: streamlined user experience, fast user verification, fast and worry-free transactions, transparent gaming and fair play, get profits from winnings in tokens," completes Mangazeev.
The MyDFS team hit the headlines by developing and launching uTrener in 2016. "This was one of the earliest platforms on the European market to offer a user-friendly and seamless DFS gaming experience on iOS, Android, and the web," boasts Mangazeev. The team has also launched KHL Fantasy (later KHL Haier Fantasy), a white label app for top European ice hockey league KHL. KHL Fantasy won MarSpo 2017 as the best sport app and was featured by App Store several times. At the same time MyDFS team received UK Gambling Commission License to legitimately operate fantasy sports in Europe.
"MyDFS presents a fantasy sports solution with clean, midcore gameplay that supports multiple popular sports and allows people to invest and capitalize not just on the game itself, but also by investing in other pro players (earning a share of their winnings), or holding or selling game tokens,' says Mangazeev. 'Our platform embraces transparency and fair play. Our cryptocurrency tokens eliminate the need for fiat currency. The accuracy of our fantasy results is backed up by smart contract technology. The real-world game data that determines how players on our platform do, along with players, teams and statistics, are completely publicly accessible.'
MyDFS currently supports soccer, hockey, basketball, cricket, and football, and MyDFS token, an Ethereum-based token, will be used for all value transactions within the MyDFS ecosystem. These tokens can be used to play, win, and exchange it for other cryptocurrency or fiat money. The users can also hold and trade their tokens, maximizing their earning potential as the demand increases for the MyDFS tokens. "Moreover, MyDFS is pioneering player brokerage to let casual users to share their prize pool with a pro-players," shares Mangazeev.
MyDFS app is expected to be released before the FIFA World Cup 2018 to be held this summer in Russia. The company has recently started its pre-ICO campaign, offering a total of 50 million tokens with a hard cap set at $40 million. Attractive bonuses are available for the early token buyers.