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NFL Classic Contests offered on the CryptoSports™ platform are fantasy football contests where participants use their CryptoSports™ NFL® player tokens to enter contests to win real ether. Some contests are created by the CryptoSports™ team while others are created by CryptoSports™ platform users. The operation of all contests is defined and enforced by the Ethereum blockchain.
Each contest is comprised of a specific set off parameters:
PP = PT / ((WP * (WP + 1)) / 2);
When a participant enters a contest, they select 3 players and form a team roster. The team roster must include players for the following positions. (Note a FLEX player can be a running back, wide receiver, or tight end.)
A contest participant must own a CryptoSports™ player token for each player selected for their team roster. When the team is entered into the contest, the team's player tokens are held in escrow on the blockchain during the contest's Active Period and Scoring Period*. This prevents the participant from using the same player tokens in other contests, as well as prevents the sale of the player tokens.
Participants in a contest are free to change the lineup of a roster they have entered into a contest up until 1 hour prior to the start of the contest's Scoring Period. Participants in a contest may cancel an entry into a contest and receive a refund of their entry fee up until the start of the contest's Scoring Period.
Because of the public nature of the blockchain, all teams that have been entered into a contest are visible to all CryptoSports™ users. This visibility helps participants make more informed decisions as to the contests they wish to compete in.
Player tokens are released from escrow when (1) a contest is canceled (all participant's player tokens are released); (2) a participant cancels their entry into a contest (only the canceled entry's player tokens are released); (3) a participant changes the lineup of an entry into a contest (only the player tokens that no longer remain in the roster lineup are released); or (4) a contest's Scoring Period has ended (all participant's player tokens are released). Once released from escrow, a participant's player tokens can be used in other contests or auctioned in the CryptoSports™ or other ERC721 token marketplaces.
*While player tokens are held in a contest's escrow, they will no longer appear in the "My Players" section of the participant's dashboard. They will appear in the "My Contests" section of the CryptoSports™ website.
The Player Pool will consist of all NFL players expected to be on the active roster for any team scheduled to play in the contest Game Set. Occasionally a player may be missing from the Player Pool due to trades or other unforeseen circumstances. When entering a contest, the user is presented with the then current Player Pool for that contest organized by player position. IT IS THE RESPONSIBLITY OF THE PARTICIPANT TO MAKE SURE THE PLAYERS THEY SELECT FOR THEIR LINEUP WILL PLAY IN A GAME INCLUDED IN THE CONTESTS GAMESET. Selecting a player that does not play in a Game Set game will result in receiving 0 points for that player when the contest is scored.
Contest scoring is a service provided by the CryptoSports™ team. Data used for all scoring is supplied to CryptoSports™ by Fantasy Data LLC ("Data Supplier"). CryptoSports™ will score contests according to the data supplied by its Data Supplier. The data provided by the Data Supplier is presumed to be correct will be relied upon to score contests - whether or not the data maps to the actual real-world results of game play. PARTICIPANTS AGREE THAT CRYPTOSPORTS™ SCORING OF A CONTEST IS FINAL.
In return for providing this scoring service, CryptoSports™ is paid 10% of the sum of the contest's entry fees received from participants (the "Scoring Service Fee"). The remaining 90% is paid to the contest creator.
Contest results will be determined by the total points accumulated by each individual team lineup as summarized below:
|Passing Yards||1 point per 25 yards|
|Passing Touchdowns||4 points|
|Passing Interceptions||-2 points|
|Rushing Yards||1 point per 10 yards|
|Rushing Touchdowns||6 points|
|Receiving Yards||1 point per 10 yards|
|Receiving Touchdowns||6 points|
|2 Point Conversion||2 points|
|Fumbles Lost||-2 points|
|Fumbles Recoverd for a TD||6 points|
After a contest's Scoring Period has expired, CryptoSports™ scores each team in the contest by aggregating the score each of the team's players in the Game Set was awarded (ACCORDING TO ITS DATA SUPPLIER). This score is sent to the blockchain as a permanent record of the contest results.
After a contest's scores are sent to the blockchain, CryptoSports™ instructs the blockchain to distribute the contest payments.
In the event that a game is canceled, postponed, or rescheduled to a time outside of the original Scoring Period, the game will be disabled from the Game Set ("Disabled Game") and players listed to play in that game will not be eligible to accrue points.
All players a participant selected for a team roster as of the start of the Scoring Period will remain escrowed in the contest until the end of the Scoring Period whether or not they are associated with a Disabled Game. IT IS THE RESPONSIBILITY OF THE CONTEST PARTICIPANT TO BE AWARE OF GAME CANELATIONS AND POSTPONEMENTS AND MAKE APPROPRIATE LINEUP CHANGES TO AVOID LOSING THE OPPORTUNITY TO GAIN POINTS FOR A GIVEN POSITION.
The strengh of the blockchain is especially evident in how the CryptoSports™ platform manages funds. When a contest is created, the creator specifies the entry fee and total prize amount. To successfully create a contest and make it available for others to enter, the creator must send the total prize amount plus one entry fee* in ether to the CryptoSports™ contest blockchain contract at the time the contest is created. Further, participants in a contest must send one entry fee for each entry to the blockchain at the time they enter the contest.
The contest prize and all entry fees (collectively "Contest Funds") are held in escrow on the blockchain and are never in the custody of any third party (including the CryptoSports™ team). The Contest Funds are released by the contract according to the following rules:
*When creating a contest, the creator must field the first team in the contest and therefore must include an entry fee.