Phase 2 of Fanfury’s launch events will include $FURY Fan Club Memberships which will live on the MainNet.
Fan Clubs Open
Users who have contributed to Fan Clubs during the Forge Sale as Owners and Members will be able to see their $FURY tokens in their respective Fan Clubs via the Fury website
After careful testing with help from our community, we will deploy the Fan Club Membership and $FURY token.
After the Terra de-peg, while many projects are now in a state of recalibration, we decided to move quickly as we made decisions to move chains and start the process of rebuilding.
Along with being builders and developers on Terra, most of us were also investors who truly understand what loss feels like. Our priority, therefore, was to be as agile as possible while we moved to start the rebuilding process.
90 days later, while other protocols are still finding their feet, Fanfury has been able to launch a successful TestNet, and are now for the first time ever, are able to offer Fan Club Memberships to the public.
This marks the first real addition of utility to the $FURY tokens as we wait for the official launch of Gameplay.
And now to the crucial part — understanding how to participate in Fan Club Memberships, as well as take part in an additional year long Reward Pool.
Phase 2 Details
Fan Club Memberships:
How $FURY Fan Club Membership Works
⚠️ IMPORTANT NOTE ⚠️
Fan Club Memberships require users to have $axlUSDC in their wallet to pay for the transaction fees of 1.3% in order to process their Membership!
Fan Club Membership is now LIVE!
- As with any other exclusive membership, #FURYans will be allowed to gain membership by depositing their $FURY tokens, in a Fan Club of their choosing.
- The membership lets users gain access to Protocol Profits that are distributed daily, governance over the protocol, as well as DAO membership in their Fan Clubs
- The $FURY tokens that have already been allocated through the Forge Sale, will be allocated to the respective Fan Clubs
- User can choose to immediately give up their membership, if they choose to — there is a 14 day cool-down period before it can be claimed
Only Fan Clubs whose owners have verified their Juno addresses will be going live!
- All Owners who haven’t verified their Juno address will be allowed to verify their addresses once Gameplay goes live.
- All Members that are part of Fan Clubs whose Owners haven’t verified their Juno address, will not be eligible for Membership Rewards.
- They will also not be allowed to claim their $FURY till the Fan Club Owner is verified.
- Joining a Fan Club requires users to have $axlUSDC in order to ensure that they can pay the 1.3% fee for their Fan Club Membership, although a success message is displayed! (this bug is already being worked on)
- Membership tokens will accumulate daily rewards. These Rewards have a gamified distribution mechanism based on the Fan Club with the highest token Memberships
- Fan Clubs that have verified ownership will be available for users to gain Membership through their $FURY.
- New Memberships are OPEN for all active Fan Clubs!
*Note-
Giving up Membership means that tokens will be available after a 14 day cool-down period. They will also not be eligible for any Daily Rewards from the moment that the cool-down starts!
Fan Club Membership Rewards Distribution
The Fan Club Membership Rewards are calculated through a gamified model.
- 1% to Winning Club Owners;
- 2% to Non-winning Club Owners;
- 19% to members from the Winning Clubs;
- 78% to members from the Non-winning club.
The $FURY Fan Club Membership adds a new utility to the FURY token and represents a significant turning point for Fanfury as gameplay approaches.
Membership will continue to be a crucial component of the Fanfury platform, allowing users to amass and maintain their $FURY over time while also diminishing the amount available for circulation and, following the tokenomics of $FURY, turning it into a deflationary currency!
Stay tuned for a deeper update into everything Fan Clubs!
xFury Debit Cards
The Fan Club Memberships are the only way to register for the xFury Debit Card and will always be a requirement for the Debit Card Program!
By now it’s a well established fact that Fanfury will be a game changer in the world of Fantasy sports.
The mix of blockchain and Daily fantasy sports will offer its users an active earning stream, and as we inch closer to gameplay, expect the number of users that actively participate in the game pools to increase!
But that’s not it!
What if we said crypto earnings need not be subjected to p2p or conversions, instead users should be able to just swipe and pay for everything they need just as you would on a normal day!
Well with xFURY Debit Cards that’s a reality!
Eligibility criteria :
As part of phase 2 set of events Registrations for the xFURY Debit Card will be open from October 10,2022 until the 6th of November,2022.
Existing Fan Club Members will automatically qualify.
- Fan Club membership;
- Minimum amount of 1,000 $FURY.
- Fan Club Membership has to be held through distribution, and is required in order to use the xFURY Debit Card.
