Recapitulation of RAGE FAN SOCIAL PROJECT AMA event held at AMA LOVERS CLUB.
Date: Wednesday, 10th March, 2021
Time: 15:00 UTC
The RAGE FAN SOCIAL PROJECT team was represented by @Imavericks and @Prais who judiciously shared with us detailed knowledge and information about RAGE FAN SOCIAL PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the Team working on the RAGE FAN project?
ANS: About me, I am in-charge for the Product Rage.Fan fantasy sport. MBA graduate with 10+ years’ experience in corporates and start-ups. Experienced in Product, marketing, and brand management. Managed SaaS products and a few E-governance projects as well in the past.
We have a very capable multi-disciplinary team with loads of industry experience and relevant skills. Complete team detail is available in our website - https://www.rage.fan/
Q2: Can you introduce the RAGE FAN project, what critical problems does it solve that existing solutions are not solving and what's the competitve advantage?
ANS: Through Rage.Fan we are trying to bring fantasy sports and blockchain under the same ambit. So, essentially it's an on-chain fantasy sports and quizzing platform, where sports fans can use their skills, knowledge and situational awareness to participate, play, win and get rewarded. All you need is a phone + internet connection + Rage.Fan app and you are good to go.
The core problems we are trying to address around transparency, high & hidden costs and governance model (also called “fan influence”)
The first and foremost competitive advantage comes in the form of early mover advantage as we are kind of one of very few to offer such an innovative solution. Another advantage comes in the form of technology & infrastructure per se viz. Scalable, secure and transparent. Lastly, the advantages also come in the forms of feature portfolios like AR, depth of sports coverage, NFTs, rewards and other associated benefits.
Q3: Can you briefly describe the Top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: - We are live with our website and media handles
- Core team is built and also expanding overall team strength
- Making sounding progress on the product side
- Onboarded renowned advisors, influencers and KOLs
- Secured good partnerships -- Polygon, Biconomy, and Kylin Network
Announced about Ambassador Program and applications will be live soon
On an immediate basis, we will be securing more partnerships, getting the product ready for launch, Know Your Team, Know your investors, Building sounding community and many more.
In terms of how entire 2021 is structured then you can read here: https://www.rage.fan/
2nd Segment: Twitter Questions
Q1: Does Rage Fan platform have contests before, during and after each sporting event? What is the timelapse to join or creating an event for a scheduled game?
From Twitter user @Rosanela08
ANS: Read more at: https://t.me/rage_fan_announcement/27
Quizzing is a provision that helps you provide that. In terms of time gap/lapse, we will announce in the coming time regarding what will be the cut-off time in terms of pre and post.
Q2: Can you tell us more describely about "Multisport"? How does it works?
From Twitter user @ontortk
ANS: Multisport here refers to 2 things - availability of multiple sports to pick from and then its applicability. You will have the provision to select sport out of available options as per your liking and then you can participate in sport specific several contests. The contests also then can vary based on number of participants and prize pool which further gives you more flexibility. For e.g., You can select sports such as Cricket and Wrestling and under these also there will be several contests. So, multi-level multisport!
Q3: Transparency in transaction dealings and the governance process of the fantasy sport industry are the major challenges of users. How do you think RageFan can address this issue and ensure there is fairness at all levels to all parties involved?
From Twitter user @BelloABDUL0192
ANS: There are 2 aspects to this question - transparency and governance and we are very cognizant of this and therefore have addressed it. Blockchain facilitates the provision of transparency and hence every aspect viz. point calculation, prize distribution, any deduction and anything you can think of, all will be available for everyone to see it.
For the governance aspect, one of the utilities of $RAGE comes into picture. Governance doesn't mean at sports level what we call as fan-influence but also at the functioning, structural aspects and proposals for amendments. All that covers governance. Read more at - https://medium.com/@ragefan/rage-utility-series-governance-1fc76fa46244
Q4: Many users/players do not have trust in Sport Industry platforms as they lack transparency and visibility. How does RageFan aim to instill this trust back into players/users?
From Twitter user @Abiodunbbey
ANS: So, Fantasy sports is a term that refers to contests of skill in which participants compete amongst themselves by creating virtual teams consisting of players from a real professional sport. A point system is used to quantify the performances of the selected players and these scores determine the overall results of the competitions.
So, in this way real-life performances of real players are mapped to your performance too.
Q5: Online sports Industry nowadays trades on false promises of getting rich quick to extract the maximum value from customers. How does RageFan aim to address this lack of transparency to ensure users get maximum benefit?
From Twitter user @kurangaHA
ANS: One of the primary reasons for this is misdirection and misinformation. How many of us hardly read that small asterisk mark thing (* T&C applied)? The answer is very few right! and then you see so many complexities and ifs and buts.
This is not going to happen here at Rage.Fan. Every detail from team formation, prize money distribution, any other thing that you can think will be publicly available. Idea is not to make false promises but to present to you a real picture and most importantly genuinely offer some real value add.
3nd Segment: LIVE Questions
Q1: Rage fan is a really good place to integrate NFTs so have you considered integrate or incentivize the usage of NFT in your platform?
ANS: We would be launching NFTs and announcing soon on the same. Keep following our official channels.
Q2: Every blockchain-based projects showcase the benefits of their platform. In the case of Your Project, what can users benefit from and gain from the platform?
ANS: Benefits comes in 2 forms:
— Tangible benefits: Earn $RAGE directly by participating in games and winning, also earn via. other value added mechanisms like AR token mining, Staking, Play mining, Social media mining, Referral mining, Yield farming etc.
— Intangible benefits: Trust factor due to decentralization; provision to expression opinion through governance; game experience through AR mining methods
Q3: Currently "Staking" is a very popular topic. Can you please explain the details about the token staking plan and the benefits of adding "staking"?
ANS: We will have staking which will have benefits of interest and fantasy game points. We would be announcing the details in our official channel.
Q4: What’s the partnership between Rage Fan and Kylin Network about, what would both parties be delivering?
ANS: Industries?? Its a fantasy sports platform built on blockchain tech and leveraging AR.
About partnership announcements, read more here - https://medium.com/@ragefan
Q5: What kinds of industries are you trying to penetrate, what kinds of companies and partnerships are you aiming for?
ANS: Fantasy sports is on the rise and increasing the need for data to enable fantasy sports fans to fully unlock the benefits of analysis, decision making, and general consumption, which in turn would create demand for service providers who can help deliver these services.
With that objective in mind Rage.Fan and Kylin Network are coming together to build a completely decentralized sports data platform. The parties contribute complimentary core skills to the partnership. Kylin brings technology and infrastructure capabilities whereas Rage.Fan offers domain expertise, data source for the fantasy sports oracle, data formats and transformation (structural and logical), and deep analytics.
Read more at : https://medium.com/@ragefan/rage-fan-partners-with-kylin-network-408895a92c34
Q6: I recently read in your mediums that Rage.Fan has partnered with Biconomy for the purpose of creating a transactional infrastructure for next-generation Web 3.0 applications to improve the user experience and to drive mass adoption of blockchain technology. What benefits could this bring to Rage.Fan being a blockchain whose vision is gambling or are they planning to expand their horizons to new projects?
ANS: Rage.Fan wants to provide the best possible user experience, even with the current limitations of blockchain technology. As part of this effort, Rage will use Biconomy’s relayer infrastructure to offer gasless transactions to users. Biconomy’s APIs abstract away blockchain complexities through gas-efficient meta-transactions, which ensures that users don’t need to have proficiency in wallets, purchase ETH to fund transactions or pay exorbitantly high gas fees.
Read more at: https://medium.com/@ragefan/rage-fan-has-joined-forces-with-biconomy-to-provide-a-gasless-experience-for-the-users-of-rage-fan-6d6766bd042b
Q7: 🧨 RageFan says on its page that it’s a platform about Fantasy Games, but from what I see, the games you offer are sports ones. Could you tell us then why you called them Fantasy Games? What makes them “Fantasy”?
ANS: Fantasy sports is a term that refers to contests of skill in which participants compete amongst themselves by creating virtual teams consisting of players from a professional sport.
A point system is used to quantify the performances of the selected players in real life games and these scores determine the overall results of the competitions.
Q8: 🚦 Rage.Fan has just joined forces with Kylin Network for building Fantasy Sports Oracle, this partnership is supposed to address conceivable threats around security and failure to guarantee data availability, can you explain in what way this alliance will revolutionize/create a different sports data platform, also what Blockchain Oracle will you deploy for this matter?
Q9: How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates??
ANS: Telegram [Official Group]: https://t.me/rage_fan
Telegram [Ann. Channel]: https://t.me/rage_fan_announcement
Official website: https://www.rage.fan/
Q10: Will the project have a referral system and will I be able to earn on my referrals?
ANS: Short answer - Yes. Long answer - Will announce all the details.
Q11: You spoke about AR token mining methods. What are the several AR token mining methods and how can I earn $RAGE through the several AR token mining methods?
Follow Us On Our Various Social Media Communities For More Update;
#RageFan Product Roadmap 2021🚀
📲Announcement Channel: https://t.co/aH7sb6eXVe
#fantasysports #Gaming #sports #Blockchain
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