Re: [ANN][BRO] *ICO* BreakoutCoin | Bergstake | Gaming Platform | Marketing
how does the crypto game work?
its modeled after fantasy sports, but with alt-coins, instead of players.. edit: sic
Crypto games are based initially on the familiar fantasy sports format --
Picking players (coins) in positions (sets of coins) for offense (market cap going up), and defense (mkt cap going down) for time periods of 1-day, 1-week, 4-weeks, and longer. Other variations will be introduced too.
More info in "Innovative Game: Fantasy Crypto" in:
http://fundraiser.breakoutgaming.com/gaming-platform/
Crypto games will give people a way to take a position on those coins they think are 'useful and going somewhere good', and those they think are 'not adding value nor going anywhere good'.
They're designed as a fun way to test and potentially reward our savvy about coins. We'll find out things like --
- Do the factors I think determine coin success actually drive their market cap?
- How about big gaps: Which ones are really under appreciated -- or are ready to crash?
- By showing averages of our picks on each coin, will we get good predictions of future winners and losers?
- What would you like to see in these games?
what altcoins will be eligible for the game?
To be used, the altcoins will need to be big enough (measured in market cap) and liquid enough (average 24-hour volume). This means coins will typically be selected from those in the top, say 70, biggest market cap list. Price movements become too noisy to use when coins get too small or thinly traded. And, the coins included at the start of any particular game may be different from those in other games.
so you are saying that there will probably be the top 70 coins from coinmarketcap that we can choose from?
Yep. Though more exactly, that's the basic pool from which coins (fewer than 70) will be selected for you to choose from in each game.
so how much will the prizze pool be? how much can i win and who am i competing against?
Hi Mayhem007,
Just like other Fantasy Sports games, the prize pools will vary depending on the number of players and the buy-in amount. You will be competing against against other players and their lineup of coins.