A fantasy sport is a type of online game where participants assemble imaginary or virtual teams of real players of a professional sport. These teams compete based on the statistical performance of those players' players in actual games. This performance is converted into points that are compiled and totaled according to a roster selected by each fantasy team's manager. These point systems can be simple enough to be manually calculated by a "league commissioner" who coordinates and manages the overall league, or points can be compiled and calculated using computers tracking actual results of the professional sport.
Playing fantasy sports not only increases fantasy players’ understanding of the sport, but also strengthens bonds among participants of private leagues. Fantasy players can also make a nice profit from paid contests with enormous prize pools. Major sports sites offer fantasy sports products to increase TV viewership of games and general interest in sports. Major companies have also launched popular fantasy sports websites such as FanDuel.com, and DraftKings.com, etc.
Meanwhile, the blockchain technology has now evolved manifolds in last decade from just a cryptocurrency technology to a distributed ledger technology that is taking different industries by storm.This technology ensures immutability, tough security, anonymity, transparency, disintermediation, validation and authentication in the system where it is implemented. Translating Fantasy Sports business into a blockchain world could have even more potential, turning the reward system into a cryptocurrency nirvana.
On the other hand, with the number of fantasy sports players in North America heading past 60 million, and the industry said to be worth more than $7 billion, fantasy sports games are clearly on the rise. This is the aim of numbers of blockchain-based fantasy sports startups was created, e.g. Digital Fantasy Sports, Sportdex, etc.
Introduces you to Humbyl Inc.! Humbyl Inc. is a blocckchain-based fantasy sports startup powered by a cryptocurrency called HBL. Humbyl was created out of the growing demand for a fantasy sports platform utilizing a safe and secure cryptocurrency.
Humbyl Inc. is a global, creative and decentralized organization and an international fantasy sports mobile and web application with an emphasis on security and anonymity. Using Ethereum (ETH) as its’ base, HBL allows the platform to provide users a universal token with real value that can be exchanged in any country, anonymously.
Humbyl Inc. aims to compete against giants in the fantasy sports space – including FanDuel and Draft Kings. Together, these two companies own almost 90% of the US market for fantasy sports. Similar situations exist around the world. That’s why Humbyl Inc. charges a 5% rake instead of the 10% rake charged by other fantasy sports platforms.
Below is the comparison table of Humbyl and others sport fantasy platforms:
On its world's first Sport Celebrity Challenge feature, Selected HBL holders will be able to compete with professional athletes partnered with Humbyl. This celebrity-based approach leaves Humbyl open for a variety of interesting competitions and challenges that may give it a unique edge over competing platforms.
Humbyl has an incredible partnership of athletes from the NBA, NFL, and Boxing. Basketball fans may be interested to hear that a list of NBA Stars, including Seth Curry, Kyle Kuzma, Jason Richardson and Ekpe Udoh, have joined an ongoing list of celebrity partnerships with Humbyl.
The startup company will utilize a ethereum based cryptocurrency token (symbol: HBL). HBL token has a particular рurроѕе whісh is to fuеl the platform ecosystem. The token will be derived from a standard Ethereum ERC20. It's means that HBL can be held, sent and received by any ERC20-compatible wallet such as MyEtherWallet, MetaMask, and Mist.The token total supply is - 1 billion HBL.
For more information about Humbyl, how it works, and/or its HBL token sale, you can visit online at https://www.humbyl.io/ or visit the company whitepaper available at https://humbyl.io/whitepaper.
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