Hello friend friend back again to my blog me who always provide information about the best platform. Okay on this occasion I will introduce a Platform called Fairgrounds
What is a Fairgrounds project?
Fairgrounds is a decentralized ecosystem of randomly proven random games built on the Ethereum blockchain. On this site you will be offered many games that will give players a chance to bet and win Ethereum (ETH). Players are given to participate in the Fairgrounds Rewards Token (FGR), which, in turn, provides incentives to continue the game within the system.
Each player has an opportunity to invite their friends by offering an excellent referral system, and with reference to FGR bonus tokens. Also the system will offer profit distribution through token fairgrounds (FGD).
And on there at this moment on the Fairgrounds website have a chance to play Raffle game. However, there will be plenty of lotteries to not only increase player participation, but also to demonstrate incentive reward systems. Soon, other games will start after the token sale.
Here are the details;
Conventional rafle
Players buy tickets with Ether (ETH) for the chance of winning the jackpot. One winner is randomly selected in a fair way. All participants are awarded the Fairgrounds Awards. Token (FGR) as a reward for their participation. FGR tokens can then be used various ways to win back or buy back ET
Raffle progressive
The progressive sweep mechanism is similar to conventional raffles but with some major differences (in bold):
A progressive sweepstakes has a fixed fare price in FGR for each entry. For example. 10 FGR per
entrance ticket.
Players can buy 1 or more tickets to enter the raffle with each additional ticket purchased offering a greater chance of winning the jackpot.
The progressive grid has a window of time for which tickets can be sold.
After the entry takes place outside the time window, the ticket is withdrawn.
If the purchased ticket is selected:
80% of the progressive jackpots in ETH are paid to the selected winner.
20% of the progressive jackpots in the ETH are transferred to the home (stored in a smart profit-sharing contract)
100% FGR token collected through ticket sales for progressive sweepstakes is redistributed back to conventional raffles as a reward for future players.
The mechanism of the conventional lottery is described as follows:
A conventional lottery has a fixed fare price at the ETH for each entry.
Some sweepstakes can be at different price points to allow the widest adoption.
Players can buy 1 or more tickets to enter the raffle with each additional ticket purchased offering a greater chance of winning the jackpot.
FGR tokens are rewarded with a 100: 1 ETH ratio based on the size of their bets.
A conventional lottery has a number of ticket targets to be sold. [Min: 20]
After all tickets are sold for a single lottery, winners are randomly selected.
10% of all funds in the ETH for the lottery are transferred to the progressive lottery.
The remaining 90% of the funds in the ETH (after cost) are awarded to the winner
USE OF FUNDS
40% BANKROLL
With the right bankroll, it will be possible for some type of game-based opportunities (eg the jackpot lottery) which otherwise may not be added. Expanding the game type will bring a wider audience and greater value to the ecosystem.
35% DEVELOPMENT
This fund will cover the cost of developing additional opportunity-based games as defined in the roadmap.
15% OPERATION
These funds will be used to cover costs related to infrastructure, support, accounting, business development, and other administrative costs.
10% GROWTH AND MARKETING OF USERS
Fairgrounds will use these funds to cover costs associated with marketing and promoting the entire Fairgrounds ecosystem.
ROADMAP
Complete September 2017 Developments
2018 January Contract Audit completed
2018 February Token Sale Begins
2018 February The Production Sharing Contract takes place
2018 Daily Token Sales Ends
2018 April Roulette
2018 Lottery June
2018 August Turn the Wheel
Why is the project feasible and should participate?
Because of the Fairgrounds team, really all of its employees work for the benefit of the company and are always ready to help in anything. They are always in touch and not forgetting. Indeed, at the present moment, when we talk about the ICO project, this fact is very important.
All the prototypes created by the Fairgrounds development team are in the public domain, now you can get acquainted and try this system.
Fairgrounds participate in every possible crypto, block forums, conclude serious contracts.
FURTHER INFORMATION:
~Website: https://fairgrounds.bet/
~Discord: https://discord.gg/FwBskwY
~Whitepaper: https://fairgrounds.bet/files/fairgrounds_whitepaper_0.9.5.pdf
~Bounty: https://bitcointalk.org/index.php?topic=2946297.0
Profile: https://bitcointalk.org/index.php?action=profile;u=1868645
