MindSports - INTELLIGENT AND TRUSTED BOARD GAMES NETWORK

celin (25)in #blockchain • 7 years ago

Mind sports is a modern term that came into use in the 1970s. It took a number of years for the concept of “mind sports” to distill into a clear definition. The umbrella organization for all international sports federations, SportAccord, classifies sports into five categories:

physical sports
mind sports
motorized sports
synchronized or coordinated sports
animal-assisted sports
MindSports
MindSports IO is a decentralized social gaming platform powered by smart contracts and the Ethereum blockchain for intellectual sports such as chess, poker, and go. We aim to eliminate the need for trusting a single party host running a centralized platform. MindSports IO is a decentralized social gaming platform powered by smart contracts and the Ethereum blockchain for intellectual sports such as chess, poker, and go. We aim to eliminate the need for trusting a single party host running a centralized platform.

Supported by Ethereal Blockchain, MindSports aims to eliminate the need to trust a single-party host running a centralized platform. MindSports provides an opportunity for users to organize their own online tournaments and games. For players to play sports and win tokens. So viewers can bet on in-play or pre-play events. And in the game is divided into three things.

Mind exercise is a modern term that came into use in the 1970s. It took several years for the concept of “mind sports” to filter out a clear definition. The umbrella organization for all international sports federations, SportAccord, classifies sports into five categories:

Physical exercise
Sports mind
Motor sports
A synchronized or coordinated sport
Sports with Animal Help
The 2011 Charity Law has adopted the definition of sport as “an activity that promotes health that involves physical or mental health or enterprise.”

MindSports IO strives to promote and educate about the benefits of playing mind sports. Sports minds are not just for academically gifted people or “smart.”

Numerous studies have demonstrated the immediate benefits of playing mind sports, such as improved cognitive function and slowing aging. We believe that mind exercise should remain as accessible as possible so that people can develop analytical and critical thinking skills in their daily lives.

MindSports IO features include:

Network Governance ‒ Be part of the MIND Registry to propose and vote for the mind games that the community would like MindSports IO team build and deploy to the network.

Host Games — Create tournaments and determine the rules and token payouts for all party using smart contracts.

Play Games — Challenge, discuss and learn to play over ten intellectual games.

Govern Games ‒ Token holders are part of the voting governance community to settle game disputes and get rewarded with MIND.

MIND’s GOAL
The goal of MindSports IO is to create a product that is “infinitely” scalable, decentralized and is secure for any transaction.

MindSports IO aligns incentives across all stakeholders and ties the MIND token to the core action of the network growth welding the interaction of the public with personally created mind sports tournament events through rewards of the cryptocurrency, MIND tokens.

ThusMindsport allows users to host in online gaming. In online game host tournaments given crypto token (MIND) the amount given depends on the number of players participating in the game. And even more cool in the game we can watch the fight also have the option to place pre-roll and in-play bets against certain games to get additional tokens.

MindSports combines the IO of the social elements of the mind-body community with the power of blockchain technology, which benefits users with the use of MIND tokens in their applications. Since all transactions take place around the world, this can be verified by the public. So not a trick element in the game because everything is stored on the platform.

Decentralize Mind Sports Game Hosting
Within the MindSports IO platform, a smart contract is an integral part of the gaming process. Writing code for smart contracts is not required to host a decentralize mind sports tournament or game. The user can easily deploy a secure and highly modularized smart contract template.

Under the terms of MindSports IO, when players decide to start a game, both players will be required to send a certain amount of MIND tokens to a contract address designated by the opensource, algorithmic judge of the game. When the competition concludes, the judge will publish signed messages to the contract address, and the proceeds will be distributed to the winner. Through this escrow mechanism, the players involved can be confident that they will receive what they are entitled.

MindSports IO DApps Logic Layer consist of the following Smart Contracts:
Escrow Contract
Escrow contract escrow the MIND tokens from participants of the game, while the host has no access to transfer the tokens. Tokens will be returned to players when the game aborts, encounters a draw game or meet agreed disputed outcome. Proceeds will be transferred to winners. The different payout, fees schedule can be structured and extended accordingly.

Main Contract
Main Contract works as a game management contract, it provide players game matching, status reporting, and community dashboard functionality.

Game Contract
Game Contract represent a single instance of a game, after players match successfully, game contract will be deployed and player will call the join game function to start a game. Players interact with this contract when joining a game, claim the winning proceeds, announce the result, notify opponent timeout or when raising a dispute.

The Mind Sports Landscape
The mind sports industry continues to grow despite the widespread use of internet games; sponsorships and competitive play have created lucrative opportunities. Mind sports players are finding ways to promote themselves and the game through the use of technology.

ChessBrah via twitch.tv allows viewers to watch real-time streaming games, while prize funds for tournaments can be as much as $2,000,000(USD). The live-stream of the World Chess Championship in 2016 received as much as ten million unique visitors.

It is estimated that there are at least 100,000 online people playing at any time for chess alone with the audience reaching 2,000,000 viewers daily.

Market Size
According to an official International Olympics Committee (IOC) submission, more than six hundred million people play chess, a game that is over 1,500 years old. Chinese

Target Audience

Based on the findings from YouGov, mind sports players who are interested in chess are five times more likely to read The Guardian and The New Scientist and are two and a half times more likely to read The New York Times, The Wall Street Journal, The Economist or the New Yorker. Seventy-eight percent of regular chess players in the USA are university graduates with household incomes over $120,000(USD).

Adding up the number from official associations and sources, we believe there are currently two hundred million people playing online in various mind sports platforms including chess, poker, xiangqi and go.The largest chess portal, Chess.com, only consists of five million players or one percent of the total addressable audience.

“We are creating a platform for enthusiasts of all levels to play, compete, discuss and participate in various mind sports to increase the penetration rate of online, mind sports gaming.”

MIND Token Overview

MindSports IO Pre-Sale Bonus Schedule

There will be extra tokens offered as a bonus for users who commit earlier (pre-sale bonus).

Symbol : MIND
Token Type : ERC 20 Token on the Ethereum Blockchain
Supply : 50,000,000 MIND
For Sale :35,000,000 MIND
Funds Escrow Funds secured in multi-signature escrow account
Bonus Schedule 20% of token purchase account
Emission Rate No New Tokens will be created
Price 1,000 MIND = 1 ETH
Expected Sale
Period: Dec 2017 ‒ Jan 2018
Minimum Goal 2,000 ETH
Maximum Goal 30,000 ETH