A Place for DeFi and Gaming to Come Together in One Place: CD3D

in #dfs • 3 years ago

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Structure

With a current market value of 18.6 billion USD and an estimated rise of 48.6 billion USD by 2027, fantasy sports has evolved into a massive online gaming industry juggernaut over the last two decades. Fantasy sports, because of their lack of transparency, are ideal candidates for blockchain innovation, which can provide an irreversible means to monitor data about teams, winners, and awards. As a result of the outbreak, more players have decided to stay at home and seek out reputable crypto projects that allow them to deposit and withdraw cryptocurrency with ease. The team behind CD3D was motivated by this winning mix to create a fun fantasy sports-style game for moviegoers.

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DFS is a $20 billion market, and CinemaDraft adds innovation and decentralised finance to it with CD3D. Investors will turn into players, and players will turn into investors. Community Jackpot Fund will be used to reward the most active participants on a quarterly basis, with a percentage of the token supply devoted to this purpose. A play-to-earn initiative in the future will allow players to earn free Star Cards while sharing income with CinemaDraft. Unlike most deflationary tokens, CD3D includes sound tokenomics that can survive the high-cycle, high-variance nature of cryptocurrency investment.

Saving:

Metamask, the Binance Smart Chain browser extension, will allow cryptocurrency aficionados to interact directly with the CD3D token. Decentralized cryptocurrency wallets allow the token to be managed by users themselves. Savers will pay a 10 percent charge every transaction when depositing, withdrawing, or re-depositing dividends. This fee is split equally among all token holders.

Members who sign up using their referral link and purchase CD3D.app tokens will receive a 33 percent dividend from those who join through their referral link. This is the only way to get money through referrals; it is not an MLM programme. Tokenholder dividends can be earned by CinemaDraft players who purchase CD3D from the gaming site and keep their profits on the gaming site or withdraw them to their own Metamask wallet. BUSD will be used to account for dividends.

REVENUE

(i.e. ACH, wire transfer, paypal, credit cards, etc.) players will fund their gaming accounts in order to purchase USD prizes in real money games using Fiat (USD). CinemaDraft will use a rake of approximately ten percent to fund its operations. In Q4 2021, the CinemaDraft gaming site will be relaunched, although these games will not be available right once. At the relaunch, freeroll (free-to-play) games will provide real money USD rewards. To enter games featuring CD3D prizes, participants must transfer CD3D from their associated Metamask wallet to their Metamask wallet. CD3D gaming will offer significant token bonuses over and above its fiat real money benefits to encourage token adoption. CinemaDraft will use a rake of approximately ten percent to fund its operations.

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What is the CD3D format all about?

When it comes to "fantasy Hollywood" prediction games, CD3D is the first cryptocurrency to be able to match the growing market need for a decentralised version. This is a multibillion-dollar sector that has been tokenized and is fast expanding.

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DFS is a $20 billion market, and CinemaDraft adds innovation and decentralised finance to it with CD3D. Investors will turn into players, and players will turn into investors. Community Jackpot Fund will be used to reward the most active participants on a quarterly basis, with a percentage of the token supply devoted to this purpose. A play-to-earn scheme in the future will let gamers to earn free Star Cards while sharing a portion of their earnings with CinemaDraft.

CinemaDraft, a new daily movie prediction gaming site modelled after fantasy sports, will be powered by CD3D, a Binance Smart Chain token. As a result, instead of creating a virtual sports team from scratch using real-life athletes, fans can pick their favourite actors from recent blockbuster films. Users can compete for cash rewards by earning points for their call sheet (lineup) based on real-life statistics about the box office performance of the actors' movies in North America. Additionally, CinemaDraft is a self-sustaining cash stream for both players and speculators alike.

Contemporary Hollywood Is Becoming Tokenized Thanks to 3D

In the last decade, movie theatre attendance has declined, and Hollywood has struggled to restore pre-pandemic box office revenue. CinemaDraft can assist. A traditional fantasy sports salary cap model is combined with gamification to create a platform that resembles the Hollywood Stock Exchange (a virtual "stock market" for entertainment where people can buy and sell virtual shares of celebrities and movies), but with more fun and more easily transferable crypto. With on-chain verification, the financial risk normally associated with online prediction games can be completely eliminated.

Participate in a Profitable and Fun Platform

Free-to-play games with cash or CD3D prizes are possible with CD3D. You can play for free, but you can also pay to play in private leagues with friends and other invited participants. Seasons that include both private and public leagues are planned for the future.

The Community Jackpot Fund will be distributed on a quarterly basis and will be used to reward the most engaged gamers. While CinemaDraft is still working on its first daily fantasy movie game DraftStream, it plans to use the money it raised from the CD3D token sale to pay sponsorship marketing and reward pools for players who want to forgo the in-game currency. Players can earn tokens based on the performance of actors in-game by owning and using Star Cards, which are celebrity NFT collectibles.

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As an added bonus, users can get transaction fee dividends and see their CD3D price rise as a result of transactional and market-based activity. They can also earn 33 percent of the dividends paid to their referrals. During the contract formation process, users can earn CD3D from a reserve that is set aside from each transaction to reward tokens to the community's most active members. This is referred to as Community Reward Programs (CRP). Moderators will have an incentive to keep an eye on the community if they want to reap the same benefits.

CD3D has also inherited some of the best parts of DeFi, like:

Fees for dividends and burn, as well as buybacks and burns, total 10%

Transactions are limited to 0.15 percent of the token supply, thanks to the anti-whale protocol

There is a 5 percent anti-dumping transaction fee added to sales made through exchanges. All shareholders will receive a dividend payment in the form of this charge.

Long-term holders who stake for at least 30 days will be rewarded.

Schedule for monthly delivery of liquidity

Tokenomics

CinemaDraft's native token is CD3D.

blockchain network: the Binance Intelligent Chain

BUSD is the starting point for all calculations.

BEP-20 is the model number.

100,000,000 units are available to order.

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For staking incentives, liquidity, and the community jackpot fund, the CD3D token is utilised on the CinemaDraft gaming platform.
DeFi protocol integration enables gaming platforms to develop a true economic system on their platforms, resulting in a more innovative transaction system and benefits for the participants. In comparison to typical transaction systems, CD3D will provide users transaction solutions including faster, more secure transactions with reduced discounts. As well as the selling of tokens, CD3D offers a system to control whale populations. CD3D will make sure that even if users only keep CD3D tokens for a short period of time, they will make money.

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FOR MORE INFORMATION

AUTHOR

#bsc #cd3d #defi #crypto #blockchain
3 years ago in #dfs by
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