Decentralized Daily Fantasy Sports Platform Fanfury Set to be Launched

TORTOLA, British Virgin Islands, Dec. 28, 2021 (GLOBE NEWSWIRE) — Fantasy Terra Co Ltd has recently announced the launch of its platform – Fanfury, a decentralized daily fantasy sports project. Introducing trust-less fantasy sports to the world, Fanfury aims at facilitating player vs player and large contest pools in which participants compete by creating virtual teams comprising players from a range of professional sports. Based on existing daily fantasy sports principles, Fanfury will use a point system to quantify the performance of selected players as well their overall results in competitions.

Decentralized Daily Fantasy Sports Platform Fanfury Set to be Launched 1

Built on Terra, Fanfury has been designed to be a daily fantasy sports app with both a profit-sharing structure and community ownership. Integrating advanced technologies like smart contracts and multiple Oracles to prevent manipulation, Fantasy Terra Co Ltd and Fanfury will leverage these tools to control the rules governing the play and to validate data from real-world sources. Fanfury is seeking to achieve this by utilizing Chainlink, Supra, and Band protocol.

With Fanfury’s gamified staking pools, participants can choose from over 300 teams across major league sports. Only one team can be picked per wallet. Users can hold and stake Fanfury’s native token, $FURY on the team pool they choose allowing them to earn daily distributed rewards. The gamified reward distribution feature ensures that rewards are distributed according to a team’s standing on the leaderboard.

Deflationary economics has been built into the Fanfury tokenomics. The Terra-built platform will burn 40% of rake fees earned on every contest. This is part of the development team’s strategies to drive circulation and, in turn, accelerate the price of the token. If the prices of the $FURY tokens are high, only a diminutive percentage will be burnt.

Smart contracts will be implemented to control the collection of entry fees, the size of the pool, the number of teams, and the proprietary governing rules. At a flat rate of 5%, Fanfury prides itself as the project with one of the lowest rake fees in the industry. Fanfury has raised $1.8 million from Angel, Seed, and private rounds at a market cap of $14.7 million.

Offering players an opportunity to choose from over 2,000 prominent leagues like the English Premier League [EPL], La Liga, NBA, etc., Fanfury will not only create a sustainable incentivized liquidity program but will revolutionize the sports fantasy game as it is.

Fanfury aims at delivering real-world digital data, liquidity, transparency, decentralization, and offering gamers new ways to earn and express their undying passion for sports.

About Fantasy Terra Co Ltd

A product of Fantasy Terra Co Ltd, Fanfury is a blockchain-based sports fantasy game that has been designed to offer players a wide range of options. Incorporating access to over 2,000 leagues, incentivizing players, and rewarding liquidity providers, Fanfury aims at delivering decentralization, real-world data collection, liquidity, transparency, and digital ownership to the industry. Integrating advanced technologies, this Terra-based platform will try to dispel all forms of manipulations while ensuring that predetermined rules governing gameplay are adhered to.

Media Contact

Brand: Fanfury

Contact Person: Athiban Jordanson, Head of Communications



About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin38,526 0.80 % 11.43 % 9.58 %
Ethereum2,798.0 0.70 % 14.44 % 14.09 %
Tether1.000 0.14 % 0.53 % 0.18 %
Binance Coin417.59 0.46 % 12.33 % 12.38 %
USD Coin1.000 0.16 % 0.08 % 0.39 %
Cardano1.190 1.00 % 15.73 % 3.39 %
Solana118.34 1.67 % 17.55 % 19.44 %
XRP0.6764 1.09 % 11.16 % 12.33 %
Terra71.95 1.15 % 15.31 % 8.06 %
Polkadot21.58 2.07 % 15.68 % 16.49 %

Bitcoin (BTC) $ 38,478.00
Ethereum (ETH) $ 2,791.09
Tether (USDT) $ 1.00
Binance Coin (BNB) $ 417.36
USD Coin (USDC) $ 0.99924
Cardano (ADA) $ 1.20
Solana (SOL) $ 118.68
XRP (XRP) $ 0.679114
Terra (LUNA) $ 72.42
Polkadot (DOT) $ 21.70