Fantasy Football Blockchain White Paper
Overview
Our app is designed to closely mirror the official Fantasy Premier League (FPL) game, with the added feature of integrating blockchain technology to facilitate monetary stakes within mini-leagues and head-to-head challenges. This approach ensures that users can enjoy their fantasy football experience while also having the opportunity to place and win bets securely and transparently.
Key Features
Mini Leagues with Stakes
- Create Custom Mini-Leagues: Users can create mini-leagues with friends and set custom buy-in amounts.
- Secure Entry: Participants can only join a mini-league after paying the buy-in amount, ensuring all funds are pooled securely.
- Transparent Fund Management: Funds are held in a separate wallet, visible to all participants, and secured on the blockchain.
Smart Contracts for Payouts
- Automated Payouts: At the end of the season, the smart contract executes payouts based on pre-agreed terms.
- Customisable Payout Structures: Users can choose various payout structures, such as winner-takes-all or tiered payouts for the top positions.
Head-to-Head Challenges
- One-Off Games: Users can set up one-off head-to-head games with friends or other users.
- Betting Flexibility: Set the amount of money to bet for the week, wait for the challenge to be accepted, and the winner receives the payout via smart contracts.
Competitive Edge
Blockchain Integration
- Solana Blockchain: Leveraging the Solana blockchain for its speed and low transaction costs, ensuring quick and inexpensive transactions.
- Enhanced Security and Transparency: Funds are managed and distributed via smart contracts, providing transparency and eliminating the risk of tampering.
Eliminating the Middleman
- Automated Processes: By automating the betting and payout processes through smart contracts, we eliminate the need for third-party involvement, ensuring fairness and efficiency.
Revenue Model
Cryptocurrency Token Sales
- Capital Raising: We will raise capital through the sale of cryptocurrency tokens, which will fund various aspects of the project, including team allocation, marketing, sponsorships, liquidity pools, developer costs, and a reserve fund.
Transaction Fees
- Revenue Generation: We will generate revenue by charging a small transaction fee on every transaction made within the app.
Tokenomics - Max Supply 1 Billion
The tokenomics of our app are designed to ensure a balanced distribution of tokens, supporting the project’s development, growth, and sustainability.
- Team Allocation: 10%
- Development Fund: 10%
- Public Sale: 25%
- Community and Marketing: 20%
- Locked Liquidity Pool: 25%
- Reserve Fund: 10%
Detailed Breakdown
- Team Allocation (10%)
- Purpose: To compensate the founding team and key contributors.
- Vesting Schedule: Tokens will be vested over a period of time to ensure long-term commitment and alignment with project goals.
- Development Fund (10%)
- Purpose: To fund ongoing development, including hiring developers, enhancing the platform, and integrating new features.
- Vesting Schedule: Tokens will be released as development milestones are achieved.
- Public Sale (25%)
- Purpose: To raise capital from the public, ensuring broad participation and community involvement.
- Distribution: Tokens will be sold in a public sale event, with details on pricing and sale structure to be announced.
- Voting Rights: Tokens held by the public can be used to vote for any major structural changes to the game.
- Community and Marketing (20%)
- Purpose: To build and engage the community, and to fund marketing initiatives to drive user adoption.
- Usage: Tokens will be used for marketing campaigns, partnerships, user incentives, and community building activities.
- Locked Liquidity Pool (25%)
- Purpose: To provide liquidity for the token, ensuring smooth trading and price stability.
- Locking Mechanism: Tokens will be locked in a liquidity pool for a specified period, providing security and trust to investors.
- Reserve Fund (10%)
- Purpose: To ensure the project has a financial cushion for unforeseen expenses and future opportunities.
- Usage: Tokens will be held in reserve and used strategically as needed.
Fantasy Football Blockchain Scoring System
In Fantasy Premier League (FPL), players accumulate points based on their performances in real-life Premier League matches. The scoring in Fantasy Football Blockchain will be the same as FPL. Here’s a breakdown of how the scoring works:
Actions That Earn Points
- Playing Time:
- 1-59 minutes played: 1 point
- 60+ minutes played: 2 points
- Goals Scored:
- Goal by a goalkeeper or defender: 6 points
- Goal by a midfielder: 5 points
- Goal by a forward: 4 points
- Assists:
- Any player: 3 points
- Clean Sheets (no goals conceded while on the pitch):
- Goalkeeper or defender: 4 points (must play 60+ minutes)
- Midfielder: 1 point (must play 60+ minutes)
- Saves (goalkeepers):
- Every 3 saves: 1 point
- Penalty Saves (goalkeepers):
- Penalty save: 5 points
- Penalty Misses (outfield players):
- Penalty miss: -2 points
- Bonus Points:
- Top 3 players in a match: 1-3 points, allocated based on the Bonus Points System (BPS).
Actions That Deduct Points
- Goals Conceded:
- Goalkeeper or defender: -1 point for every 2 goals conceded
- Yellow Cards:
- Any player: -1 point
- Red Cards:
- Any player: -3 points
- Own Goals:
- Any player: -2 points
Other Considerations
- Captain and Vice-Captain:
- Captain: Scores double points for that game week.
- Vice-Captain: Scores double points if the captain does not play.
- Substitutes:
- Automatic substitutions are made at the end of the game week if a player in the starting XI does not play.
- Transfers:
- Free Transfers: Managers get 1 free transfer per game week.
- Additional Transfers: Cost -4 points per extra transfer.
- Chips:
- Wildcard: Unlimited transfers in a single game week.
- Bench Boost: Bench points are added to the total score for that game week.
- Triple Captain: Captain scores triple points for that game week.
- Free Hit: Unlimited transfers for one game week, reverting back to the original team for the following game week.
Roadmap
