Chad Sports' 1st Prediction Competition!
Raffle | Prediction Competition | 1/1 Art Utility Auctions
“Sports has the power to change the world. It has the power to inspire. It has the power to unite people in a way that little else does. It speaks to youth in a language they understand. Sport can create hope where once there was only despair. It is more powerful than governments in breaking down racial barriers. It laughs in the face of all types of discrimination.” - Nelson Mandela
Chad Sports is gamifying sporting events through NFTs. Starting with the World Cup 2022, participants have 3 ways to earn from the Prize Pool which already stands at an estimated $22,000:
At Chad Sports, we’re passionate about taking the experience of watching sports to the next level, by creating a safe space for sports’ lovers to connect and participate in fun and engaging competitions, events, and raffles inside our Discord: discord.gg/0xTheLounge
We want to connect the world of Sports with Web3 and we are starting with the World Cup 2022. On Saturday 19th of November, our World Cup prediction competition begins and we already have an estimated prize pool of over $22,000. The competition will be hosted on www.chadsports.xyz.
Core Values
Integrity - Our main core value. Integrity is super important to us as builders and will be at the centre of everything we do.
Innovation - We’re constantly manifesting new ideas and building innovative experiences.There are very few Sports projects in Web3 and we want the Chad Sports brand to be at the forefront of Sports in Web3.
Security - Our community and its trust is fundamental to us. Security is a top priority for our developers to ensure all Chad Sports users can fully enjoy a safe and fair experience, from the development of our code to the management of our team and community’s culture.
Mantra
Creating fun & rewarding sports prediction competition experiences.
Goal
Build a healthy and playful community of sports lovers while onboarding as many people to Web3 and Avalanche as possible.
Culture
Inclusive, creative, and collaborative.
Team
When it comes to any product or service the team is extremely important as they are the builders. The team takes takes the project from idea stage to product and lays the foundation for an amazing community to form.
Our team is stacked with established builders on Avalanche. Crypt0nacci; Memepanzie, and Coop have been core-team members of respected projects in the space, and are excited to work with some new people like CryptoChimba and ShiftCtrlNas to conceptualise this idea.
Hiring Values
Chad Sports is a small yet solid team of highly motivated individuals. We will only hire people who share the same core values as the team.
Integrity is at the centre of everything we do and all team members must emulate that.
Multi Chain
Alongside our home, Avalanche, Chad Sports will also be deploying on the Ethereum network. We are an Avalanche team embracing the cross chain ethos.
We love Avalanche! It's blazing speed, low gas fees, tech loving culture, and warm community are incredible. It is hard not to be bullish due to their focus on developing an architecture that scales horizontally as well as it does vertically and we can't imagine a better place to be.
The future is multi-chain. We believe in the power of collaboration and multi chain product deployment! We're happy and excited to make Chad Sports accessible to not just the Avalanche community, but other EVM chains like Ethereum.
Even though our Art Utility Auctions will only be available on Avalanche, both our Prediction Competition and Raffle will deploy cross chain!
Quatar World Cup Experience!
🎟️ Raffle | 🏆 Prediction Competition | 🛠️ 1/1 Art Utility Auctions
Starting with the World Cup 2022, participants have 3 ways to earn from the Prize Pool.
1. World Cup Prediction competition (ERC1155s)
How it works:
◉ You Mint/Buy NFTs of the countries you predict will place in the top 4 from our ERC1155 Collection
◉ Then you stake 4 NFTs depending on how you predict they will finish.
◉ You can swap the teams you have staked as the tournament progresses, up until the last 8 teams remain!
Example:
You predict Brazil, Spain, Portugal and England will place in the top 4. Therefore you mint those teams & stake them accordingly.
Then, Spain loses in the 1st round and you want to change your prediction. You can buy a team like Argentina from the secondary and swap it in the staking contract on our website.
After the quarter finals start, the swapping function will be turned off.
What if No-One Wins?
There will 100% be winner.
If nobody predicts 1st through 4th correctly, the prize goes to those who predicted 1st through 3rd, and so on.
If more than one person has predicted the order correctly, the prize will be shared.
Pricing
Circling back to our core value of Inclusion, making the pricing accessible was a huge priority!
You will be able to mint the specific teams you desire, or if you want to save some cash, you can mint random teams.
Outlined below is the Full Pricing as well as White List (Chad List) Pricing.
2. Raffle
World Cup Raffle - Another way to Win!
Every wallet that mints Chad Sports’ World Cup Teams will automatically be entered into a raffle. Yes, even if you don’t correctly predict the World Cup placements, you can STILL win with the raffle!
Raffle Prize Pool = 40% of Total Prize Pool. The Raffle Prize Pool is broken into 2 portions:
Early Bird Raffle = 80% of Raffle Prize Pool Late Bird Raffle = 20% of Raffle Prize Pool
The first 500 wallets from each chain (AVAX, ETH) that mint a Chad Sports NFT split the Early Bird Raffle: there will be 6 winners from each blockchain, 18 total!
After, there will be another 6 randomly chosen winners from each chain, who minted after the 500th mint, to share the Late Bird Raffle.
Randomisation will happen on the blockchain using Chainlinks new automated Time-Based Trigger feature for randomly choosing raffle winners on-chain.
3. Art Utility Auctions
32 ERC721 World Cup 1 of 1s
As well as the NFTs for our prediction competition, Chad Sports will be releasing a second NFT collection (ERC721) of 32 World Cup themed of 1/1s
Each piece will be created by a different artist and we are bringing some of the most talented together to create this unique collection. We have partnered with some of the most accomplished artists in the Avalanche ecosystem as well as some well established artists from Ethereum.
The winners of this 1/1 auctions will share 20% of the Prize Pool and get 4 teams to mint for free in the World Cup Prediction Competition.
It is important to note that it is the WINNERS of the auction who get these benefits. If you buy a 1/1 from this collection on the secondary, you will own an amazing piece of art, but you will not have these extra benefits.
Prize Pool
Chad Sports will be allocating 50% of the mint revenue, 20% of the Auctions revenue (80% of goes toward the artists), and 50% of royalties from secondary sales, to the Prize Pool!
This pool will be broken down as follows:
Prediction Competition Winner(s) gets 40%
World Cup Raffle: 24 Winners will share 40% of the Prize Pool
Holders of our 32 piece collection of 1/1 NFTs will share 20% of the Prize Pool!
ALL PRIZES: Are paid at the END of the World Cup:
There are 6% royalties on sales of the team NFTs sold on the secondary market. 50% of royalties go toward the Prize Pool!
5% of the Mint Revenue goes to Charity; and, 45% to Chad Sports.
Wen Launch?
There are 8 Art Utility Auctions each day: 15th, 16th, 17th and 18th of November across the 4 native Avalanche Marketplaces - Joepegs, Kalao, Campfire, and NFTrade
The mint for the World Cup NFT prediction competition will begin on the 19th of November and close 1 hour before the first scheduled group game on Sunday the 20th of November.
Stayed tuned on our Twitter and inside our discord for updates
https://twitter.com/0xChadSports
https://discord.gg/0xthelounge
Website
Our website is www.chadsports.xyz
It is where the Prediction Competition MINT will happen on Sat Nov. 19.
There, you can find more information about the project as well as some guides on how to transfer funds over to the Avalanche blockchain.
As mentioned before, the mint for prediction competition will take place on our website and not on the native NFT market places.
Marketplaces
The mint for the prediction competition will take place on our website: www.chadsports.xyz; as well las submitting your 4 team selections for the world cup prediction competition!
However, as previously mentioned, the auctions for our 32 piece collection of 1/1s will launch on the four Avalanche native marketplaces:
Chad Sports will not have a native marketplace. Staying true to our values, we want to ensure that we include all of the sub-communities within the larger Avalanche ecosystem.
Therefore for the Art Utility Auctions, each artist is given the freedom to choose which marketplace they would like to hold their auction on.
Chainlink Integration
We’re excited to announce that Chad Sports has integrated Chainlink Verifiable Random Function (VRF) on Avalanche and Ethereum mainnets.
By integrating the industry-leading decentralized oracle network, we now have access to a tamper-proof and auditable source of randomness needed to help power a random mint function and to select raffle winners in a provably fair manner.
Ultimately this creates a more exciting and transparent user experience, as users will know the Chad Sports Raffle can not be tampered with and the random team selection feature for the Prediction Competition is underpinned by Chainlink VRF’s verifiably random numbers.
Did you make it this far? You’re doing your homework, and that’s ALWAYS the smart thing to do!
If you have any questions, don’t hesitate to ask in our Discord or DM our Twitter account. Additionally, you can email us at chadsports@proton.me, although you will get a faster reply in Discord and Twitter.
Stay tuned for more info from our partners!
LFG!!!!!!