Play-to-earn games have been gaining popularity in the crypto community. As we move from a work-to-earn model toward a play-to-earn model, a growing number of crypto enthusiasts have started to consider it as a stable source of income. And rightfully so, in the crypto economy, with the application of smart contracts, the movement of resources is enforced through a code rather than a human intermediary effectively removing the threat of manipulation, and validation through a third party.
This means users are now able to enforce complex contractual relationships through a transparent trustless system that doesn’t require any human interaction for validation.
Play-to-earn games also known as GameFi draws inspiration from decentralized finance converting its users from regular players into the governing force behind the decision-making aspect.
Fanfury, based on the Terra platform, is one of the first Daily Fantasy Sports(DFS) platforms that not only implements a decentralized approach but also aims at rewarding players through Value Accrual mechanisms. What this means is that while users stake their token they are sure to make a profit from the overall pool irrespective of the game outcome.
The $FURY Prism Forge launch (23 April onwards)
As Fanfury gears up for the first leg of its $FURY token launch, it has announced the dates for its Prism Forge event which will take place from 23rd April onwards. The Prism Protocol is a disruptive new derivatives protocol that is incubated by TFL and Refracted Labs allowing users in the Terra community to refract their yield-bearing assets into principal and yield tokens; thus, creating novel asset classes in the DeFi space.
During the event, 25.2 million (2,100,000, 0.5%) tokens will be released by Fanfury to participants who contribute UST to the pool. This will determine the price, and Fury tokens
will be distributed to all contributors in proportion to the amount of UST they have deposited at the end of the event.This means all users will get the same price.
Fanfury’s Mechanism
With FanFury’s gamified staking pools, users can choose from 250 teams across major league sports. Users can receive daily distributed prizes by holding and staking Fanfury’s native token, $FURY, on the team pool of their choice. The gamified reward distribution function ensures that prizes are delivered based on a team's leaderboard position.
The Fanfury tokenomics have deflationary economics built-in. Every contest will see 40% of the rake fee burned by the Terra-built platform. This is one of the development team’s techniques for decreasing token circulation through real-time price value and, as a result, accelerating the token’s price. This means, only a small number of $FURY tokens will be burned if their prices are high.
In most traditional game business structures, the publisher receives 100% of the money.
Crypto games such as Fanfury, attempt to create player-owned universes, giving players the flexibility to play, earn and govern.
Fanfury will not only build a sustainable incentivized liquidity program but will also change
the sports fantasy game as it is, by allowing players to choose from over 2,000 famous leagues such as the English Premier League [EPL], La Liga, NBA, and others.
Fanfury is set to begin its launch events with the auction of its Team Fan Clubs, and $FURY
token listing from April 23rd onwards.
About Fanfury:
Fanfury is a Terra-based daily fantasy sports platform that brings trust-less play-to-earn
gaming to everyone.
Follow Fanfury:
Website: https://app.fury.fan/
Twitter: https://mobile.twitter.com/fanfuryofficial
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