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Author:  Fanfury Team

Source: Blog

Everything about Fantasy Sports on Fanfury

Date: October 25, 2022

We know that the Fanfury FURYan community has been waiting for some time now, and now finally after nearly 150 days of hard work, the wait is over!

Fantasy Sports Gameplay is here and it brings a unique opportunity for DFS gamers and crypto enthusiasts alike.

In this article, we cover everything you need to know about Fantasy Sports and how Fantasy sports works to help you create a new source for passive earnings via the best play-to-earn platform aka Fanfury!

Let’s start!

First, to start playing Fantasy Sports on Fanfury you will need to follow a few steps, we will go through the process step by step.

Step 1 : Buy $FURY

Here’s how you can buy $FURY to take part in the contests :

• Use your Credit/ Debit card / Bank account to directly buy $FURY without the need to hold axlUSDC and swap it for $FURY.
• Use MEXC to buy $FURY and transfer it to your Keplr wallet.
• Use any Cosmos token on Keplr and swap it to Juno and then to $FURY.

For details on how to use Keplr, add axlUSDC, and swap to Juno click here.

Step 2 : Understand How to play DFS

Now that you know how to buy $FURY via different methods, let’s understand how to play daily fantasy sports on Fanfury.

Fantasy sports on Fanfury will be available in head-to-head contests and large pools. To enter a match enter the site and follow the steps mentioned below:

• Install and login via Keplr, you aren’t sure how to log in or need help adding Juno click here to read the guide.
• Note that you will need axlUSDC ( the cosmos version of USDC) in your wallet to play and pay for the gas fee and platform fee.
• Pick a match you would like to enter. Currently, Fanfury offers cricket and football matches that you can choose from ( more sports coming soon). Football will include matches from English, Spanish, German, Italian & French.
• Create a team with 11 players using the credits allotted, make sure you pick a good captain and vice-captain as their points will double 2x and 1.5x respectively.
• Enter the match.
• You can choose from 4 entries $10, $25, $50, $100
• 2 Small pool contests will be available for 50/100 teams
• 6 head to head Contest pools will also for available on 2/3/4/5/10 teams

Step 3 : Understand Fantasy Scoring.

Fanfury utilizes real-world data from live matches based on which points will be allocated.

Refer to the links below to understand the Point scoring system for Fantasy Cricket and Football.

Fantasy Football Scoring

Fantasy Cricket Scoring

Now you can enter a match and start earning its that simple!

But that’s not the end of this article! This was just the DFS side of things, but we have more to offer!!

Fanfury offers something better than your usual daily fantasy sports, we don’t simply call it the best fantasy sports platform for nothing!

Here’s why!

Rake fee

While winning is based on strategy and well a bit of luck. A platform charges its users a “platform fee” for utilizing its service. On any regular platform, this fee could mean a fair chunk of your profits is lost paying for the fees, but that’s where we differ!

Fanfury Fantasy Sports platform charges its users the lowest rake fee in the industry, just 5%. This means your winnings aren’t taken away from you but rather a large portion of your winnings are rewarded to you after gameplay.

• The rake fee is just 5% from H2H and large contests,
• Platform & transaction fee for using protocol 1% & 0.3%.

The distribution of rake fees is as follows:

Stakers + Burn: 40% each

LP rewards: 10%

Team: 8%

Charity protocol (Angel & Aqua): 2%

Higher payouts

With the rake fee being just 5% it means higher payouts to players. With 75% of the users in the winning pool, payouts will be fair and transparent.

Fanfury offers a 95% payout to all its users combined from both head-to-head (single entry) as well as large entry pools (Multi-team contest).

Winning percentage

As mentioned above Fanfury Fantasy Sports players are sure to benefit from a larger winning percentage.

Which includes :

• 75% for the LCPs
• 20% — 50% for the SCPs (this is due to the “winner takes all” format for SCPs)

Such utilities mean “the house always wins, and you are the house!”

But there’s a lot more that we can’t even begin to articulate and compress into this one article, as Fanfury evolves so will its utility but that's a topic for another article!

Now, some frequently asked questions :

What leagues are covered under Fanfury Fantasy Sports?

We cover all 5 major leagues and 250 clubs with it.

To start off with cricket and football matches will be available, these are the matches that will be available for Gameplay under Football:

Football

• A League
• Liga Argentina
• Brasileirão Série A
• Bundesliga
• EPL
• Eredivisie
• France Ligue
• LaLiga
• Liga de Expansion MX
• Serie A
• Major League Soccer
• Champion League Qualifying
• FIFA ( soon)

What are Fanfury Fan Clubs and what’s the benefit of owning or being a member of a club?

You are here because either you love crypto, sports, or both! The idea behind Fanfury is to offer a platform where users can earn rewards in crypto for playing Fantasy Sports! But why stop there? What if there was a way to turn your love for sports into a passive earning stream? Well with Fan Clubs that’s a reality!

Fanfury Fan Clubs offers its users additional rewards, all you need to do is:

• Own a fan club
• Be a Member of a Fan club.

“When you own a fan club, owners earn 1% of the profits from the game reward distribution pool and their club members earn 19% from the same distribution rewards”.

Additionally, Fan Club members who hold 1000 $FURY are also eligible for xFURY debit cards* that allow you to swipe a physical card to purchase $FURY and also make other retail purchases in the real world!

*Users will need to submit KYC in order to receive physical debit cards.

What are Fan Club Memberships? Are there any rewards just for joining a club?

Fan clubs that are already owned by another player can’t be owned or claimed by anyone unless the owner decides to forfeit his right to ownership of the Fan Club and the rewards with it!

Joining a Fan Club has 4 benefits:

1. Fan club members can claim rewards from each contest
2. Fan Club members can lock in (stake) $FURY and earn rewards for it.
3. Every Fan club will have its own DAO which means they will take part in making all the key decisions and handle the treasury for the Fan Club
4. As the Fan Club grows the larger the number of members the higher they will rank on the leaderboard, therefore, giving them higher earnings.

When are rewards from a contest pool distributed?

Rewards from a contest are distributed immediately after a contest as soon as these two conditions are met:

• The results have been announced;
• The winners’ list has been announced.

This is because the reward distribution is managed by a smart contract for a fair and transparent system, therefore the contract automatically gets triggered as soon as these conditions are met, don’t fret as the process is completely automated therefore it will always follow the protocol.

Fanfury Reward Distribution Details:

Distributed every epoch [8 hours];

To Fan Club Leaderboard;

To Daily Fan Club Winner;

Distribution:

• Winning Fan Club Owner: 1%;
• Winning Fan Club: 19%;
• Non-winning Fan Club Owner(s): 2%;
• Non-Winning Fan Clubs: 78%;

Which tokens will the rewards be paid out in?

Fanfury is a daily fantasy sports app that runs on the blockchain and has its own native token $FURY. So when you enter a match you are paying in $FURY be it via a bank or Keplr transfer, and therefore when rewards are distributed that too will be paid out in $FURY.

What about Refunds?

In case a game pool fails to fill the contest is then cancelled following which refunds will be initiated and immediately refunded back to your wallet. Fantasy Sports Game Refunds are made claimable as soon as the game begins and will be paid out in $FURY just like the rewards.

Why play Fantasy sports on Fanfury?

Fanfury isn’t just a Daily Fantasy sports platform nor is it your regular crypto play to earn projects. Its utility is evolving and we are just in step one of things. With millions of players playing daily fantasy sports online, it’s imperative that they are given a platform that offers something substantial.

Fanfury is :

• Transparent
• Offers Higher payouts
• High winning ratio
• The lowest rake fee fantasy sports platform
• Offers real-world utility for assets won in the game in this case $FURY Rewards.

With that, it’s a wrap! Head over to play.fury.fan and start winning!

On behalf of everyone on team Fanfury, we hope you have a great time playing DFS on our platform and earning rewards along the way. While this is just the beginning we will have some updates coming your way! These will include tech updates, UI updates & v2 updates for the platform. As with anything we do we will always strive to offer our users the best UX and token utility.

Fanfury — In a nutshell

Date: November 25, 2021

Fanfury is one of the first play-to-earn games built on Terra that will deliver a decentralised gaming experience. Fanfury goes beyond just fantasy sports as we are building a multi-faceted sports ecosystem for users. Designed to generate optimum yields for sports and De-Fi fans all over, the idea is to solve issues in data manipulation, unfair user practices, and user privacy through a trustless, and private platform.

The platform integrates real-life sports and lets its users play in a range of international tournaments associated with these sports. This requires off-chain real-world data, which is validated by decentralised oracles for the fairness and security of the data.

Data is sourced from several different Oracles, like Band, Chainlink, and Supra, before which validators examine the integrity to authenticate, aggregate, and send it to the Terra Chain for use with the on-chain smart contracts.

Smart Contracts are set in place to govern everything on the network, from contest pools, payouts, to rake fees to prevent unfair playing practices.

The platform allows users to employ their skills of predictability and understanding of the sport, to create their own fantasy teams. The platform lets users create teams, participate in large prize pools, as well as in head-to-head matchups to earn rewards as Fury Tokens, which can then be redeemed for fiat currency.

In every contest pool, there is a small rake fee of 5% that is levied on the total prize pool. This fee, charged by all platforms, is one of the lowest in the industry and is used to create a reward system while acting as a value accrual mechanism.

50% of the rake fee is allocated to incentivize Liquidity Providers and Stakers. From this allocation, 25% is distributed among Liquidity Providers as a reward in addition to the spread; and the other 25% as rewards to the Stakers for merely holding FURY tokens.

40% of the total rake fee collected is burnt, creating a deflationary tokenomics model that acts based on the price of the Fury token itself. The system reduces the risk to value and protects FURY token holders with a value association that is established between usage and supply. Meaning, with fees of 5%, a net result of 2% of every contest pool is permanently removed from the network.

This burn mechanism has an immediate effect on the price action of FURY tokens. If the price falls dramatically, a proportionately substantial number from the supply is burnt with every game, because games now require more FURY tokens. Conversely, if the price rises dramatically, a proportionately smaller supply is burnt. Over time, this leads to less market volatility and an asset value that more accurately reflects both adoption and usage.

FURY’s systematic destruction of rake fees thus creates supply scarcity over time. As the average volume of playing activity over the network rises, the value of FURY tokens rises with it, enabling all investors to participate in its strong growth potential simply by holding FURY tokens.

In an effort to make a sustainable impact in the world, 2% of the total rake fees are made as a contribution to Angel Protocol. Staking FURY tokens increases the chances of earning more. Fanfury gamifies staking, as users can create their own fantasy teams from a range of sports, and stake their FURY tokens in the system for additional rewards distributed from the rake fees.

All funds that are held in Prize Pools will eventually be held in Anchor Protocol in UST, using the interest generated for buybacks and burns.

Fanfury aims to revolutionize the fantasy sports market while unfolding new earning possibilities for the Terra ecosystem. Watch this space for more about the plans to do that, over the next few days.

Cheers!