Rise of a Phoenix — Fanfury

Standing on the cusp of final testing before our re-launch on the Furya Blockchain, here is a glimpse of what is going to be the new Fanfury

6 min readJan 17, 2024

Why Fanfury?

A unique framework that integrates elements from the worlds of sports, finance and gaming into a seamless and fair gaming experience

The platform itself charges an industry low commission of 5% which means larger payouts for users.
New features like Loyalty Programs make it easy for users to claim in-game coins that they can redeem for $FURY and official merchandise.
Through participation users earn XP points, giving them access to different levels that offer special benefits and discounts
The platform uses the $FURY crypto-currency token to pay for all contests and rewards, it can be also be redeemed back into FIAT
Android Mobile application and mobile-ready web interface, with the iOS Mobile application being actively developed

With a renewed focus we are poised to go live with an updated product, and host of new features

Fantasy Sports

Fanfury will be launching with support for users to play contests in three sports — soccer, cricket and kabaddi.

With an updated UI and game format, the new Fanfury experience is sleek and intuitive. Players can now choose between peer-peer & prize pool contests in multiple entry points.

Participants choose a team(s) and pay a fee, now in $FURY, to enter them into contests, in which they compete against other teams to win a percentage of the payout based on the total points their team makes.

Each contest pool pays out 95% of the entry fees as rewards in $FURY, with more than 70% of participants receiving more than they put in.

Sports Options

Fanfury will be adding sports prediction options bringing a new dimension of engagement for sports fans

Players can choose to participate in official contests or create their own contests with custom rules, team size, team count and payout.

Win or Lose

Users predict scores or winner of a match, and win based on the number of accurate picks

Pick the winning side
Predict the final score
Predict the margin of victory

Poll a question

Users predict the right answer and win when you choose the correct option

Choose a sport and a question
Predict the most probable outcome
Get matched with someone else
Cancel if no match is found to get a refund
Opt out or invest more in real time

The Furya Chain

The larger FURY ecosystem runs on the Furya blockchain, that is designed for developers to build games and gaming services.

By using the Cosmos-SDK, the Furya blockchain can offer a modular architecture, low fees and high transaction speeds

It is provides a solid foundation on which to build, giving us a robust base infrastructure, that is battle tested as we start our journey as a young blockchain.

However, the need to audit the blockchain, form partnerships, and bring in builders will be paramount to its long-term security, fidelity, and overall health, not to mention continuing to decentralise.

The modular architecture of the Cosmos-SDK based Furya binary will therefore be updated to either Cosmos-SDK v47/v50, and will allow us to bring in new modules for betting, fantasy sports, casinos, NFT’s, and ICS along with Javascript and Typescript middleware libraries.

This will be the launching point for a new breed of web2 sports businesses, and partnerships along with Grant Programs incentivising businesses and developers alike

By empowering them with these resources, a robust blockchain infrastructure, and ready-to-use middleware, the Furya chain will allow them to quickly migrate their existing business models while adding new and exciting features like NFT Marketplaces, Sports-books, Athlete Management, Sports DAO’s, Sports Index’s, Sports Investments, and more.

The Fury Token

With convenience in mind, the platform allows users to onramp using most fiat currencies, however, the preferred currency of the platform is the $FURY token.

Ask almost anyone who plays online and they will tell you that the games themselves are great, but the deeper you look the more you will get out of the experience. The $FURY token offers exactly that, a way to get more out of the platform than you put in

The Fury token is a hyper-deflationary token using its unique and innovative burn mechanism to protect against inflation by removing tokens from circulation based on its demand

The value association between the price of $FURY and its usage makes it self regulatory and highly responsive.

Rake Fees

Profit sharing and ownership is a big part of Fanfury’s vision, giving users the opportunity to ‘be the house’ and receive a portion of the platform’s profit

By locking in $FURY tokens in our Official Fanclubs, you receive a cut of 40% from the Rake Fees that the platform charges.

This makes users part-owners of the very gaming platform they use, and a constant source of profit even when you aren’t gaming.

With the release of Fanfury on Furya, this has large implications for existing Stakers and Validators on the network. Staking and Validating Rewards on Furya come directly from the Rake Fee that Fanfury charges its users.

The staking APY is currently expectedly low at 0.04% due to the non-existence of any form of inflation on the blockchain.

$FURY Stakers and Validators who have been staking in FanClubs can therefore now expect to see a drastic increase in APY over the next few weeks, as the Rake Fee from the platform starts being distributed

Changes to the Rake Fees Distribution model

Although the Rake Fees distribution model remains more-or-less unchanged, moving to our own chain necessitated making changes to accommodate a new stakeholder — Validators.

— Recapping our initial distribution model for Rake Fees:

40% to be burnt
40% to be distributed to Owners and Stakers of FanClubs
10% to be sent to the Treasury, reserved for Bonding and Liquidity incentives after their initial allocations are exhausted
8% to be distributed between the Team & Marketing
2% to be distributed to decentralized Charity Programs

— Our updated distribution model for Rake Fees:

40% to be burnt
40% to be distributed to Owners and Stakers of FanClubs
5% to be sent to the Treasury, reserved for Bonding and Liquidity incentives after their initial allocations are exhausted
5% to be used as Validator Rewards
8% to be distributed between the Team & Marketing
2% to be distributed to the Treasury reserved for decentralized Charity Programs