Without question this is a horrible idea. The ICO model is extremely greedy and development is focused on ideas that will not work. Any online chess tournament with significant prizes will attract bots strong enough to beat the best players in the world.
No evidence of Chess DAPPs ideas of any value have been presented. I see lots of buzzwords and zero substance.
Serious chess players will avoid this ICO like the plague.
We mainly focused on rapid chess.
Are you interesting in playing chess?
If yes, you can visit this site: Chesscube.com
Chesscube fueled by virtual currencies (Chess Cubit or Crow which are centralized virtual currencies). You're just able to deposit fiat money, buy their Cubit or Crown to play and cannot withdraw your money. ChessCube is still working very well with thousands of games played everyday.
The clear idea we are pursuing is that you will have an advanced Chess Application fueled by a decentralized cryptocurrency.
I am not going to waste my time arguing with you.
Becoming an alternative to fiat is not a worthy reason to invest in your ICO. Thousands of existing cryptocurrencies can already offer that.