Fairgrounds is a decentralized ecosystem of games based on a fair chance built in Ethereum blockchain. The site will offer a variety of games that give players the chance to bet and win Ether (ETH). Players are rewarded for participating through the Fairgrounds Rewards Token (FGR), which in turn provides an incentive to continue playing on the system. Players have the opportunity to refer their friends, provide referrers and are referred to with FGR tokens. Finally, the system will offer profit sharing through Fairgrounds Token (FGD)
The Fairgrounds website will provide different opportunity-based games to bet and win Ether (ETH). This site will require a browser or browser extension capable of interacting with blockchain. At the time of writing this Metamask for Chrome browser and Mist browser works well. At launch, the only game available is Raffle.
However, there will be some sweepstakes to not only allow greater participation of the players, but also to show an incentive reward system. More games will be launched soon after token sales.
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 Fairgrounds Reward Tokens (FGR) as a reward for their participation. The FGR token can then be used in various ways to win back or repurchase ETH.
RAFFLE PROGRESSIVE
The mechanics of the progressive draw is similar to that of conventional raffles but with a
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 lottery with each additional ticket
purchased offers 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After the entry takes place outside the time window, the ticket is withdrawn.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.
Why is it feasible to support this project:
Team Fairgrounds, of course all employees work for the benefit of the company and always ready to help in any case. 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.
- 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 lottery with each additional ticket
- purchased offers 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 for sale. [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
Progressive sweepstakes
The progressive sweep mechanism is similar to conventional raffles but with some major differences (in bold):
The progressive lottery has a fixed fare price in FGR for each entry. As an example. 10 FGR per
entrance ticket.
Players can buy 1 or more tickets to enter the lottery with each additional purchase ticket offering a greater chance of winning the jackpot.
Progressive grid has a window of time where 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 smart profit sharing contracts)
100% FGR token collected through ticket sales for progressive sweepstakes are redistributed to conventional raffles as a reward for future players.
Conventional lottery mechanisms are described as follows:
The 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 lottery with each additional purchase ticket 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.
The conventional lottery has a number of ticket targets for sale. [Min: 20]
After all tickets are sold for one lottery, the winner is randomly selected.
10% of all funds in the ETH for the lottery are transferred to the progressive lottery.
The remaining 90% of funds in ETH (after cost) are given to the government
GIFT BONUS FGD
Fairgrounds will offer 25,000,000 FGD tokens (25% of total supply) as bonus rewards
for early users to the platform. That is, the initial user of the platform will accept both
FGR Tokens and FGDs to play games on the platform. The referral bonus will also be paid
additional 10% reward for referrer and player in FGD token. FGD Bonus
the prize will be offered at a rate of 10000: 1 FGD to ETH.
A total of 25,000,000 FGD tokens (25% of total supply) will be stored in cold storage to
fund future development, operations, etc.
USE OF FUNDS
40% BANKROLL
With the right bankroll, it will be possible for some kind of opportunity based
game (eg lottery jackpot) which otherwise would 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 promotion of the entire ecosystem of Fairgrounds.
ROADMAP:
For more information :
Website: https://fairgrounds.bet/
TokenSale: https://fairgrounds.bet/#/tokensale
Twitter: http://twitter.com/FairgroundsDapp
Discord: https://discord.gg/FwBskwY
Author: carens
Eth: 0x9e5C152D04eF2649de36146aFc97919be8C2E3D9
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