tokendraft ico review
Company: TokenDraft
Industry: Gaming / Fantasy Sports
Website: https://www.tokendraft.com/
Whitepaper https://www.tokendraft.com/tokendraft-whitepaper-v0.4.pdf
Headquarters: United States
Token: TKD
Platform: Ethereum
ICO Timeframe: 03/14/18  – TBD (PreSale & ICO)
Token Supply: 500,000,000 TKD (60% Crowdsale)
 Score:  44/100

 

TokenDraft is a fantasy sports platform providing worldwide access for participants who wish to engage in daily fantasy sports (DFS) wagering.  To open a wager and initiate an event, users will deposit a Fan token (TKD) which triggers the smart contract for the prediction of a particular game’s outcome. This is a blind voter system within a specified and limited time frame.  Within that time frame, participants will vote on whether they agree or disagree with the other participant’s prediction.  Voters must also deposit TKD to enact their vote. Once the time has expired for the particular event in play, the votes are revealed. Those who voted for the correct prediction will receive their TKD distributions while those who voted against the applicant’s outcome will lose their TKD. The distribution protocol is based on a weighted calculation of the percentage of TKD each voter placed into the voter pool.

PROS:  Founders have a relatively long-tailed vesting period (scaled over 2 years), FantasySports / eSports market size is experiencing impressive growth and is expected to continue to do so in the coming years, projects / companies that will help users monetize eSports will be positioned well, in-house blockchain programmers.

 

CONS:  Very early in development, unimpressive white paper, few barriers to entry for competitors to enter space, existing online communities of Fantasy Sports players are well-established on certain platforms, getting users to migrate will cost significant marketing spend and an ease-of-functionality that is hard to determine given the early stage of this project, very little buzz concerning this project in the online community and various chats / forums, may have difficulty raising funds, exposure to regulatory risk.

 

SCORE:  44/100