Fairgrounds is a decentralized ecosystem of provably fair chance based games built on the Ethereum blockchain. The site will offer a variety of games that give players an opportunity to bet and win Ether (ETH).
Token sale ends on
April 11th, 2018
ECOSYSTEM OVERVIEW
Fairgrounds is a decentralized ecosystem of provably fair chance based games built on the Ethereum blockchain. The site 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. Finally, the system will offer profit sharing via the Fairgrounds Token (FGD).
Fairgrounds (FGD) Token Sale
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.
Development roadmap
Official Website :
https://fairgrounds.bet/
White Paper :
https://fairgrounds.bet/files/fairgrounds_whitepaper_0.9.5.pdf
Social Media Links :
Twitter : http://twitter.com/FairgroundsDapp
Bitcointalk Thread :
https://bitcointalk.org/index.php?topic=2946297.0