FanX Coin: World Cup Cryptocurrency To Invest & Trade Football Players?
If you are one of the millions of people enthralled with fantasy sports and intrigued by the cryptocurrency world, then FanX is the gaming platform for you.
What Is FanX?
FanX has introduced the world’s first soccer trading platform that allows its members to trade players while investing.
There isn't much information about the team of FanX. Their website does offer two links to social media accounts. According to their Twitter account, the team who created FanX is based out of San Francisco, California. However, their Facebook page doesn't offer any information as to who is in charge of the site and platform. You will be able to find a support email if you have any questions on how to use their gaming system, but other than that, there isn't much to go on.
How FanX World Cup Crypto To Invest & Trade Football Players Works
According to the website, FanX is a gaming platform that utilizes fantasy sports, mainly soccer (football). In order to jump in the game, you must first sign up for a free account. Once you do, you are given 500 coins and random players. Based on your sports knowledge, you are then allowed to trade players to build your fantasy team. The price for the players fluctuates based on their gaming performance throughout the season.
FanX is not a gambling platform. It follows the standard laws brought about in 2006 through the US Online gaming act. The core of FanX platform is to reward members who are sports fanatics and understand the performance of the players rather than the sport itself.
FanX Coin Details
The FanX coins are used help to determine the value of the players being traded. The platform allows the token price to be manipulated according to the buys and sells.
A 3rd party decides the price of the player. In determining the cost of a player, there are specific factors that are involved. These factors include assists, goals scored, red cards, yellow cards, play time, shots, fouls, and the result of the game. It is important to note that the price of any given player does not change if they sit out. Of course the more valuable the player, the more expensive they will be.
FanX coins are not available on any other platform other than their gaming system. You will not find the coins on an exchange market. However, the site does mention the possibility to issue a coin in the future.
The way one gets coins is by inviting others to join the platform and making smart investments through which players you perceive as the most valuable to the game.
FanX Pros And Cons
The only downside to this gaming platform is the fact that they only offer their services to the game of soccer (football in the UK.) It would be awesome to see the company expand on the other sports that are played so that more members can get in the game. Another downside is the use of the digital currency which holds no value outside of the gaming system. Not to mention the fact there is very little information about the team that runs the site.
However, the interface of the system is easily navigated and clear to understand. The site provides everything you need in order to get in the game and start sizing up the players. The platform gives you some stats on each player but requires more outside knowledge of the player to make informed decisions and investments. Because FanX is not a gambling platform, it takes the tension away and allows for a more enjoyable experience.
FanX Coin Conclusion
Anyone who loves the thrill of fantasy sports will enjoy being a part of this platform. With FanX utilizing cryptocurrency to have members invest in certain players gives this platform a gamble like feel without the actual even of gambling. As long as you know your stuff when it comes to the sport, you will enjoy playing.