Join us for another community chess initiative, cast your votes, help distribute SP and make a difference!
ChessMasters/SteemSports Editor: @theprophet0. [Witness]
ChessMasters/SteemSports Presenter: Yuriy Kosyanchuk - @stranger27
Times and Location
Play Chess, Win, and Get Rewards!
Sunday, December 11th
7:00 PM UTC
50% - 1st place
30% - 2nd place
20% - 3rd place
The 70% from chess results of 2st tournament goes to Mass SP distribution
The Important Addition
|Player||Blitz Rating||Classical Rating|
|Player||Blitz Rating||Classical Rating|
The Reasoning Behind ELO Limitation
Weekly Lichess Data
Hey Beginners! This is Your Chance to Win!
Explanation of the Different Types of Games/Ratings Bullet (total time is less then 3 minutes) Blitz (3 to 8 minutes) Classical (8 to 180 minutes) Correspondence (1 day or more)
Support ChessMasters Ultimate Vote Betting … together we all can win!
How to Play
Vote on the main post to enter the bet (main post rewards will also be added to the Stake Pool).
Cast your Vote Bet on ONLY ONE outcome for which you bet on for the win (Multiple comment votes will be automatically disqualified by the script, unvote and revote counts as multiple votes and will be disqualified).
After 24 hours, the post and related game comments payout to the pool; remember 25% voters rewards are deducted from the total post payout value first as per Steem curation rules. Voters are rewarded in standard fashion in proportion to their Steem Power holdings.
The Stake Pool:
The remaining 75% of the total payout is paid out in 50% Steem Power and 50% in liquid currencies, the latter now varies in payout ratio after the new fork. To make the process less complicated, we have decided to use all paid out SBD to buy Steem in the internal market to create a grand total Steem Stake Pool.
30% of the Stake Pool will be retained, of which 15% will go to the writer/sports presenter of the post, and the 15% balance towards editing, development and advertising.
70% of the Stake Pool will be held until the event/game outcome is determined.
Once the winning outcome is determined, we will execute a proprietary developed script that will divide and pay out the Steem rewards equally, using the Power Up method, to Mass Distribute SP to all participants that voted on the main post as the entrance fee as well as voted on the correct comment representing the winning outcome.
Only participants with a Reputation of 35 or more will qualify to earn SP rewards, but non-qualifiers can still vote and comment in support of the redistribution initiative.
Entry cut-off time is the earlier of the post payout or the start of the event.
Disclaimer and Image/Source Credits:
Images used in this post are either paid for and modified, Creative Commons (CC) or image credits supplied.
Errors and Omissions Excepted (E&OE). ChessMasters is currently in beta, currently no liability will be assumed for errors.
@chessmasters reserves the right to amend future payout percentages based on the operation needs of the account.
@chessmasters is not a traditional betting platform and no fiat currency is used as rewards or in casting bets; as such does not fall under any gaming and gambling jurisdictions; but even so, users are urged to first consult with the laws and age restrictions of their countries.
@chessmasters in the unlikely event that when the Stake Pool is divided up between the winners and the nomenclature resolution goes below the third decimal place (example: 0.0001), then Steem decimal restrictions won’t allow a payout and the pool will carry over to the next game.
Please vote responsibly :).
Copyright © Ricardo Goncalves 2016
@complexring - campaign supporting witness and advisory role
@joseph - campaign supporting witness
@nextgencrypto - campaign supporting witness and advisory role
@riverhead - campaign supporting witness and advisory role
@datasecuritynode - campaign supporting witness
@smooth.witness - campaign supporting witness and advisory role
@chitty - campaign supporting witness [Steemfund Project]
@kryptik - advisory role
@witness.svk - campaign supporting witness and advisory role
Vote for the people! Vote for thecryptodrive witness!
Autovote @chessmasters posts with steemvoter.com and help us grow the SP Distribution Stake Pool!
Manual bets on comments must still be placed to pick winners!
Check out the sports category for great buys!
Contact me, thecryptodrive to have your logos displayed in the footer of our posts in exchange for advertising @steemsports and @chessmasters to your communities and initiatives, or for other worthy support.
SHARE on Facebook, Twitter, LinkedIn and others, in support of the @chessmasters initiative!
SHAREon Facebook, Twitter, LinkedIn and others, in support of the @chessmasters initiative!