A good investor needs to find the best investments if he wants to get a nice return on investment in the future. Because of this, he has to constantly obtain knowledge about the best investments that he can make.
To help our readers in this task our blog reviews many companies that are in the market spotlight recently. Today, we are going to review a new start-up company called FansUnite.
What is FansUnite?
FansUnite is a Gibraltar based start-up company that intends to use an Ethereum-based blockchain technology system to improve online sports betting. The company believes that online sports betting could be more transparent and secure and that the use of smart contracts and the Ethereum blockchain can help with that.
If their crowdfunding is successful, the company will be the first decentralized sports betting blockchain platform in the world and it intends to revolutionize the system. With a system that is cheaper and more secure, FansUnite intends to improve the scenario of online sports betting all over the world.
How Does FansUnite Work?
The platform will work using Ethereum-based blockchain technology and the use of smart contracts that will make the transactions to be stored in the blockchain. This will prevent post-match manipulation of any kind as the contract is immutable.
Without meddling of government or even companies, FansUnite intends to achieve an unseen level of transparency. Security and transparency are also vital to the company, as the users will not have to provide any personal information and can bet only using their public address name.
The company also offers faster payouts than other online sports betting companies and offering the cheapest service in the market.
To use this platform, you will only need FAN tokens, which will be used as money in the bets and an account that you can create with a valid email and only minimal personal information.
How to Invest in FansUnite?
To invest in this company, you will have to buy their FAN tokens. There is no exact date for the main sale at the moment, but it was originally scheduled for the last quarter of 2017, so it will probably end up delayed until the beginning of 2018.
There is still no information about how much will be the price of the FAN tokens, but you will have to use Ethereum to buy tokens. At the moment it is still unclear if you will be able to buy tokens using Bitcoin or other cryptocurrencies.
To get more information about this company, follow our blog so you can be aware when we post updates about this company.
You should notice two important things before you invest in this company: US and Canadian-based citizens will not be allowed in the platform for legal reasons, meaning that they cannot use the service. Also, be aware that FansUnite’s FAN tokens are not shares of the company, but in-game tokens instead, so your investment will be on a new cryptocurrency, not a share of the company.
The FansUnite Verdict
Is this company a good investment for you? That really depends on some factors. For example, if you like online betting, FansUnite can be the perfect platform for you. It will certainly offer one of the best services in the market, so it can be really a good idea to invest soon and profit more after betting.
On the other hand, if you do not plan to use this company, the investment might not be so good for you as you will only be able to use the tokens for exchange and there is no way to know if they will ever be more valuable.
If you want to use this company’s service, go for it and invest in their FAN tokens. This will certainly be a good investment for any online sports betting fan.