Review on Fantasy Sports by Benaiah A. Akinlade
Fantasy Sports: Trying to find its feet on the Ethereum blockchain
Digital gaming has come a long way in this modern era. Different game platforms are developing different methods of enticing gamers such as providing platforms to make money while they play games. It’s more fun and easier when you entertain yourself and get paid for it at the comfort of your home.
Blockchain games are a whole new level as you are able to earn crypto currencies while enjoying your games. Furthermore, blockchain games doesn’t usually have age limits and KYC is not usually required. This means that blockchain gaming is available to a vast audience more that other Fiat based games.
Fantasy Sports is an Ethereum blockchain powered digital currency payment platform. The platform has a native token known as DFS which is used for paying users. The token uses ERC20 protocol of Ethereum blockchain and it is a widely accepted standard for all smart contracts.
The platform is tailored for paying users who are interested in three categories of sports:
- Electronic sports
- fantasy sports and
- online casinos.
There are 15 games to select from on the platform such as soccer, golf, tennis, golf, nascar, etc.
The token is a transparent network that is built on smart contracts of the Ethereum blockchain and this also indicates that it is a fully decentralized platform.
Fantasy Sports (DFS) currently has a market rank of 1822 with an exchange value of USD 0.000916
Market Cap of more than USD 200,000. The token have a total supply of 50 million DFS and a circulating supply of over 28 million DFS.
The token is officially listed on
1. CoinDeal
2. P2PB2B
3. CATEX
4. DDEX
5. Coinmarketcap
This platform provides a lot of fascinating features for gamers, but it is relatively new, so it has not gained enough popularity. They need to work more on their social media presence in order to achieve this
popularity.
Pros
- The platform charges low fees and makes instant payments to players anywhere
- DFS completes transactions faster than BTC
- DFS is a tradable Cryptocurrency.
- DFS is available on crypto wallets and exchanges
- It is an ERC20 token, so it’s supported on ERC20 compliant platforms
- You don’t need an exchange to keep your tokens
- It is a highly decentralized platform
- KYC is not required for payment
- The customer support is active on Twitter, Telegram, Instagram, and Discord
Cons
- The token have a low trading volume
- The platform have not gathered enough popularity
- There are other platforms that provides similar or even better services
