Fairgrounds is a decentralized ecosystem of provably fair chance based games built on the Ethereum blockchain. Fairgrounds platform will offer a variety of games that give players an opportunity to bet and win Ether (ETH). Players are rewarded for participating via the Fairgrounds Rewards Token (FGR), which in turn provides incentive to continue playing on the system. Players have an opportunity to refer their friends, providing both the referrer and the one referred with bonus FGR tokens. In addition, Fairgrounds will offer profit sharing via the Fairgrounds Token (FGD). All prototypes made by the team of developers of Fairgrounds are in the public domain and Fairgrounds participates in every possible crypto, blocking forums, conclude serious contracts.
The Fair grounds constructed-integrated moreover built integrated a referral. This built built-integrated gamers to advocate unique users to the mach constructed built-built-integrated a beneficial relationship. Whilst a participant accesses the mach constructed built-built-inbuilt-integrated via a referral code and performs a game, the device will payout a bonus reward to the player of 10% more FGR tokens. The device may pay out the equivalent 10% bonus FGR tokens to the referrer. This relationship is saved with built block chain built-in focused and persists built-integrated all games that the player participates constructed-integrated. The site will require a browser or browser extension that is capable of interacting with the blockchain at launch the only game available will be Raffle. However, there will be multiple raffles to not only allow greater participation from players, but also to demonstrate the incentive reward system. Other games will launch shortly after the token sale.
CONVENTIONAL RAFFLE
Players buy tickets with Ether (ETH) for a chance to win a jackpot. A single winner is chosen at random in a provably fair manner. All participants are awarded Fairgrounds Reward Tokens (FGR) as reward for their participation. The FGR tokens can then be used in multiple ways to win back or buy back ETH.
The mechanics of the conventional raffle are described as follows:
A conventional raffle has a fixed ticket price in ETH for each entry.
Multiple raffles can exist at differing price points to allow for the widest adoption.
Players can purchase 1 or more tickets to enter the raffle with each additional ticket purchased offers a greater chance of winning the jackpot.
FGR tokens are rewarded at a 100:1 ETH ratio based on their bet size.
A conventional raffle has a target number of tickets to be sold. [Min: 20]
Once all tickets are sold for a single raffle, a winner is chosen at random.
10% of all funds in ETH for the raffle are transferred to a progressive raffle.
The remaining 90% of the funds in ETH (after fees) are awarded to the winner
PROGRESSIVE RAFFLE
The mechanics of the progressive raffle are similar to the conventional raffles but with a
few major differences (in bold):
A progressive raffle has a fixed ticket price in FGR for each entry. Eg. 10 FGR per
entry ticket.
Players can purchase 1 or more tickets to enter the raffle with each additional ticket
purchased offers a greater chance of winning the jackpot.
A progressive raffle has a window of time where tickets can be sold.
Once an entry occurs beyond the window of time, a ticket is drawn.
If a purchased ticket is chosen:
80% of the progressive jackpot in ETH is paid to the chosen winner.
20% of the progressive jackpot in ETH is transferred to the house (stored in
the profit sharing smart contract)
100% of FGR tokens collected via ticket sales for the progressive raffle are redistributed back to conventional raffles as rewards for future players.
FAIRGROUNDS REWARDS TOKEN (FGR)
The Fair grounds Rewards Token (FGR) is an ETHEREUM ERC20 elegant token. The overall supply of FGR tokens is one million, 000,000,000,000. With a constructed built-integrated participation reward ratio of a hundred: 1 FGR to ETH, this quantity is designed to be greater than sufficient to manual the Fair grounds surround constructed built- integrated -built-ing video games similar to the raffle may be to be had first-class to the ones built-in FGR tokens, the majority of distributed tokens will make their way built-included to move.
Start token sale on February 7 and will last until April 11, 2018, or until all tokens are sold
Name of the token - FGD
Available for sale tokens - 50,000,000 FGD
The starting price is 1 ETH = 10000 FGD
💣 Over time, the price will rise as follows
Week 1 from 7 February 1 ETH = 10000 FGD
Week 2 from February 14 1 ETH = 9000 FGD
Week 3 from 21 February 1 ETH = 8000 FGD
Week 4 from February 28 1 ETH = 7000 FGD
Week 5 since March 7 1 ETH = 6000 FGD
Week 6 from March 14 1 ETH = 5000 FGD
Week 7 since March 21 1 ETH = 4000 FGD
Week 8 since March 28 1 ETH = 3000 FGD
Week 9 since April 4 1 ETH = 2000 FGD
Total Supply : 100 Million Tokens
Token Sale : 50%
1 ETH = 10000 FGD*
2 months
The exchange rate wil decrease on a weekly basis by 1000 FGD. E.g. Week 1 = 1:10000, Week 2 = 1:9000, Week 3 = 1:8000 etc. Any unsold tokens at the end of the token sale will be burned, reducing the total supply of tokens.
25% Rewards
In order to encourage players on the platform, Fairgrounds Tokens (FGD) will be distributed in addition to the normal Fairgrounds Rewards Token (FGR). 25 million FGR tokens will be available as bonus rewards.
25% Cold storage
To support operational expenses and fund future development, these tokens will be kept in cold storage will belong to the Fairgrounds team.
USE OF FUNDS
40% BANKROLL
With an appropriate bankroll, it will be possible to some types of chance-based games (E.g. a jackpot lottery) that would otherwise be impossible to add.
Expanding on the types of games will bring a broader audience and greater value to the ecosystem.
35% DEVELOPMENT
These funds will cover the development costs of additional chance-based games as defined in the roadmap.
15% OPERATIONS
These funds will be used to cover expenses associated with infrastructure, support, accounting, business development, and other administrative overhead.
10% USER GROWTH AND MARKETING
Fairgrounds will use these funds to cover expenses associated with marketing and promotion of the entire Fairgrounds ecosystem.
ROADMAP
Kind Regards, ensure to join this great project.
For more information, please click/follow the links below:
Website: https://fairgrounds.bet/Discord: https://discord.gg/FwBskwY
Whitepaper: https://fairgrounds.bet/files/fairgrounds_whitepaper_0.9.5.pdf
TokenSale: https://fairgrounds.bet/#/tokensale
Twitter: http://twitter.com/FairgroundsDapp
Discord: https://discord.gg/FwBskwY
Bounty: https://bitcointalk.org/index.php?topic=2946
Author: Martilda
Profile link: https://bitcointalk.org/index.php?action=profile;u=1887582
Eth addres: 0xd0D5d98857192B3931c831b7B809D47CD830da32