The aim of the MindSports project is to establish a decentralized social gaming network, focusing on intellectually challenging games such as Chess, Shogi & Poker. By utilizing blockchain technology the MindSports platform offers a secure and transparent experience. Users will be able to earn the ERC20 token issued by the MindSports project, MindTokens. There are different ways to earn these coins on the platform, these include playing games against other people, host games, govern games and help improve the anti-cheating algorithm. As an ERC20 token, MindTokens will be exchangeable with other cryptocurrencies which will then be convertible to fiat money if needed. The MindSports platform is currently scheduled to have +10 games on it, but more games will be added continuously.
The MindSports gaming platform brings a plethora of services and mechanics aimed at bringing users the best experience possible. First and foremost, arguably the most annoying thing to encounter as a gamer is a cheater. Therefore an anti-cheating system is implemented in the technology surrounding the gaming platform to eliminate these bad actors. Another value MindSports want their platform to have, is community power. Members of the MindSports community will have the ability to vote for new games to be added to the platform. Besides from joining games with your friends or even just strangers, users will have the ability to create their own tournaments with price pools consisting of MindTokens. These payouts will automatically be made utilizing smart contracts on the Ethereum blockchain. This allows for transparent, secure and fair payments to be issued to the appropriate tournament participants. The platform also comes with a built-in messaging service.
For any project, a market of considerable size is always important. In this case, many markets intertwine making the potential userbase of digital intellectual- games & platforms like MindSports huge. There are around 600 million people playing chess on a worldwide scale, not all of them digitally, but as the entire world moves towards digitalization, such a base is always a good sign. The entire mobile & computer gaming industry is constantly growing which also contributes to the potential userbase of MindSports. Today, there are already apps that offer online chess, but MindSports aims to be so much more than just an app that offers a game. They seek to offer a whole ecosystem, where a plethora of games exist and the user experience is at the center point of the platform. Here are some of the features from the MindSports platform compared to other currently popular online chess apps.
To fund their project, MindSports is raising funds through an initial coin offering (ICO), selling their ERC20 token MIND. This token is as earlier mentioned going to be a center point of their main product, the MindSports platform
Sale started the 5th of February
Sale ends the 6th of March
10.000 MIND = 1 ETH
- Total supply is 50.000.000 MIND tokens
- A maximum 20.000.000 MIND will be available for purchase during the token sale
- Hard cap is 2.000 ETH
Unsold tokens will be burned/destroyed
Token sale can be found on their website: https://www.mindsports.io/tokensale
The MindSports project started back in April of 2017 and expects to release the full version of their product in April of 2018. See the rest of the roadmap below
The MindSports team consists of three individuals with experience in finance, software development, blockchain startups & bioinformatics. The Co-Founder & CEO is even a 3 times world XianQi Champion & Federal Chess Master. Their developer also has a track record in tournaments, he is a world finalist of the programming contest, ACM-ICPC.
If you wish to read more about the team or their advisors, you can visit their website: https://www.mindsports.io/ or read their whitepaper here: https://drive.google.com/file/d/0B23oU2WDqlyWZHNvM2ZZLWNrVmc/view
A quick overview of the MindSports project in video-form prepared by the team.
If you find this project interesting and wish to learn more about it or their token sale, you can visit their official website here: https://www.mindsports.io/ or read their whitepaper here: https://drive.google.com/file/d/0B23oU2WDqlyWZHNvM2ZZLWNrVmc/view
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