ICO Review Fanex.io

Fanex.io

The Fantasy Sports Crypto Exchange

Buy, sell and wager playable-tokens of your favorite athletes


About Fanex

Fanex is a fresh take on fantasy sports bettingPick the athletes you think will perform well and follow along as their token prices rise and fall! Use tokens to make bets in fantasy sports games or just HODL!Whether you own tokens over multiple sports or just one, you’ll be able to collect, trade and bet with other fans around the world. Will you load up on all-stars or focus on undiscovered up-and-coming talent? It’s all up to you! Fanex has plans to support all major sports leagues as well as MMA, Boxing, NASCAR, Tennis and Esports! Games won’t just be limited to those Fanex builds itself. Developers are able to build on our platform and make their own apps which incorporate Athlete Tokens.

Fanex.io is a fresh take on fantasy sports betting.

Pick the athletes you think will perform well and follow along as their token prices rise and fall. Use tokens to make bets in fantasy sports games or just HODL!
Fanex was founded because we believe fantasy sports betting is currently too complex and confusing for many sports fans, creating an underserved market.
As advocates of blockchain technology, we believe the most consumer friendly use case of the technology is one tailored towards sports fans where you simply hold tokens of your favorite athletes; giving owners of each AthleteToken the ability to place side bets with their positions.
The explosion of blockchain based games such as CryptoKitties demonstrates a consumer appetite for these types of games and we are excited to share Fanex with the community!


Play your way

Whether you own tokens over multiple sports or just one, you’ll be able to collect, trade and bet with other fans around the world. Will you load up on all-stars or focus on undiscovered up-and-coming talent? It’s all up to you!
Fanex has plans to support all major sports leagues as well as MMA, Boxing, NASCAR, Tennis and Esports!


TRADING

Fans can propose and execute trades with each other if a desired deal can be found. Either can be used to fill gaps in value to complete trades.

PLAYABLE-TOKENS

Athlete tokens are usable and tradable within any game that is built on top of the FanexPlatform. Each athlete will consist of 10,000 AthleteTokens.
3,000 AthleteTokens will be the initial float for the community airdrop, with the remaining 7,000 tokens reserved for our Token sale to investors, player & strategic partners, and developers using the FanexPlatform.

FANEX PLATFORM

The FanexPlatform will allow developers to build their own applications which incorporate Fanex tokens.

COLLECT, TRADE AND WAGER

Games won’t just be limited to those Fanex builds itself. Developers are able to build on our platform and make their own apps which incorporate Athlete Tokens.
Fanex Coins are purchased in the Fanex Private Sale, Pre-Sale, and Token Sale. Fanex Coins will be converted into Athlete Tokens at a rate of 1 to 1. Once a Fanex Coin is converted into an Athlete Token the Fanex Coin will be forever burned, resulting in a shrinking total supply.
Athlete Tokens are playable-tokens that can be held, traded, exchanged or used in fantasy-like betting games and competitions. An example being the first game we plan to release — a simple 1v1 wager where two fans each select a token and agree on a statistic to determine the winner with the loser giving up their token.
You could bet another fan a single token that Stephen Curry will score more points than LeBron James in an upcoming game — and if Curry does, you’ll receive both tokens!
Our platform will allow developers to build their own applications which incorporate Fanex tokens, creating more fun ways to use and win Athlete Tokens.

ROADMAP

Our initial exchange launches of NBA, FIFA, Champions League and Premiership represent ideal entry points due to the global popularity of soccer, basketball and blockchain.
Q4 2018
Airdrop and token sale promotions
iOS app prototype
Q1 2019
Token Sale
Launch of Fanex Alpha with NBA support
Fanex Wallet
Q2 2019
Public beta
First betting games released
Addtional fantasy games developed in-house
FIFA, Champions League and Premiership support
Q3 2019
Web soft launch
Developer SDK start
eSports
NFL and NHL support added
Q4 2019
Launch of Fanex developer platform
First third-party games are released on Fanex
Support for MLB, UFC, Bellator and PGA
H1 2020
Support for over 10 sports leagues
Large betting game portfolio

TOKEN DISTRIBUTION



FUNDS DISTRIBUTION



total of 400,000,000 Fanex Coins will be created, of those 200,000,000 will be made available during the Pre-Sale and Token Sale.
Of those 200,000,000 made available, 132,000,000 Fanex Coins will be swapped to Athlete Tokens on a rolling basis in tranches as per the exchange launch schedule.

Exchange Launch Schedule

The NBA exchange will launch followed by FIFA, Champions League, Premiership, followed by 21 additional organizations across 8 sports
(NHL, NFL, MLB, UFC, Bellator, PGA, LPGA, MLS, EFL, La Liga, Serie A, Bundesliga, France Ligue 1, Eredivisie, Scotish Premiership, Liga MX, Super, Lig (Turkey), Ukranian Premier League, Primeira Liga, Tennis, Boxing). Beyond that additional exchanges will be launched for sports like NASCAR, Formula 1, eSports, Influencers, etc).
Future sports, organizations and athletes will be issued on a rolling basis per the 10,000 Athlete Token per athlete supply. This will result in ongoing downward pressure on the total supply of Fanex Coins.
Each respective exchange launch will see the conversion of Fanex Coins to Athlete Tokens. 10,000 Athlete Tokens swapped from Fanex Coins to Athlete Tokens per professional athlete.
Once Fanex Coins are swapped to Athlete Tokens the Fanex Coins are burned forever, resulting in a shrinking supply of Fanex Coins. Fanex Coins will be swapped into Athlete Tokens on a 1:1 basis, and once an athletes tokens have been allocated at 10,000 Athlete Tokens per athlete; subsequent athlete tokens can only be purchased from an existing owner at the free market rate on the Fanex Exchange.
Future exchange launches beyond the initial 8 sports and 17 organizations, will also give Fanex Coin holders the opportunity to swap to new Athlete Tokens on a 1:1 basis. Fanex Coins swapped to Athlete Tokens are always burned forever.

Token Generation Event (TGE/ICO/Token Sale)

Our Pre-Sale and Token Sale dates will be released with our White Paper in the upcoming weeks.
A total supply of 400,000,000 FANEX Coins will be created and 200,000,000 FANEX Coins will be made available during the TGE.
  • Token price: 1 ETH = 2,500 FANEX
  • Supply: 200,000,000 FANEX Coins
  • Airdrop: 12,000,000 FANEX Coins
  • Hardcap = 80,000 ETH
  • 1 FANEX = .0004 ETH
The bonus structure is as follows:
  • Pre-Sale: 40%
  • Token Sale Month 1: 30%
  • Token Sale Month 2: 20%
  • Token Sale Month 3: 10%
  • Token Sale Month 4: no bonus

Token Distribution

  • Token Generation Event: 60%
  • Team & Advisors: 19%
  • Long-Term Development & Opportunities: 15%
  • Airdrop & Bounty: 6%

Funds Distribution

  • Development: 30%
  • Administration: 10%
  • Legal: 10%
  • Marketing: 25%
  • Operations: 15%
  • Unforeseen Expenses: 10%

Fanex Coin to Athlete Token Swap

Initially, 13,200 professional athletes will have Athlete Tokens, which users can buy, sell, hold, and wager in betting games.
Each athlete has 10,000 Athlete Tokens, a finite amount per athlete.
10,000 Athlete Tokens per athlete are swapped from Fanex Coins, with the 132,000,000 Fanex Coins swapped to Athlete Tokens burned forever.
In total 132,000,000 Fanex Coins will be swapped into Athlete Tokens on a 1 to 1 basis.

Token Sale Distribution

Private, Pre-Sale and Token Sale participants will have their contributions time stamped and their FANEX Coins will be distributed in tranches based on their participation time. Pre-Sale participants will receive their FANEX Coins before Token Sale participants and will have the ability to swap their FANEX Coins to the Athlete Tokens sooner because of their earlier timestamped participation.

OUR BOUNTY IS NOW LIVE!

New to Fanex? Many questions are answered here:

Website: http://fanex.io/
Thank you from me: ket tumbar
ETH Address: 0x5A165374202E9648061144684846Afb8469645bf

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