Play Fantasy Sports

Play Fantasy Sports

Disrupting the Fantasy Sports Industry

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Security Type
Equity
Categories
Other
Min Investment
$199
Location
Lake Hopatcong, NJ
Offering Date
May 10, 2019
Expected Close Date
August 09, 2019
Target Raise
$10.00K-$107.00K
Deal Notes

Minimum Number of Shares Offered: 15,384

Maximum Number of Shares Offered: 164,615

Price per Share: $0.65

Valuation
$1,300,000

Company Description

We’re using blockchain technology to make the whole experience more transparent and reliable. No longer will players have to trust a third-party mediator. We’ll introduce lower commissions, and we’ll ensure that winners get maximum returns. We believe this is an easier, faster, and more reliable way for consumers to trade products and services than what currently exists in the market.  Play fantasy sports is building a daily fantasy sports platform for people to play their favorite sports. If you’re unfamiliar with Daily Fantasy Sports (DFS), please take a look at fanduel.com or draftkings.com.    Our unique platform will have contests which the major DFS companies do not offer. For instance, our MLB contest will have a $1 million prize, and this contest will attract many new players. By hitting one button, all players will be able to access a competitive line-up, and this feature will enable people to play whether they are familiar with major league baseball or not!  Right now, our platform is being tested, and we expect to be “Live” by the end of March 2019. Our innovative platform will enable DFS enthusiasts to play NBA, MLB, and NFL. In 2020, golf, soccer, hockey, and cricket will be added.  During the second quarter of 2019, we will introduce a cryptocurrency token which will be a rev-share token, and with this introduction, token holders will share in the revenue of our company. We are currently developing an algorithm program that will automatically let Play Fantasy Sports know what dollar percentage should be paid out to our investors, depending on the revenue taken in. Our program is going to be licensed, and if other companies would like to use it for their rev-share token they will be able to do so.  Peter Schoenke, one of our advisors, is the chairman of the Fantasy Sports Association and he is the owner of www.rotowire.com.Peter was the main lobbyist to get DFS approved by various state governments in the U.S. Additionally, Peter has been elected to the hall of fame for both the Fantasy Sports Trade Association and Fantasy Sports Writers. Peter is a valued advisor to Play fantasy sports.  

Use of Proceeds

Intermediary Fees: 6%

R&D: 24% -20%

Marketing: 16% - 10%

Working Capital: 54% - 20%

Company Employment: 0% - 40%

Other: 0% - 4%

 

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments; Salary payments made to one’s self, a friend or relative; Any expense labeled “Administrative Expenses” not strictly for administrative purposes

Management Team / Advisory Board Bios

Ian Olito - CEO, Co-Founder and Director
Building the first Daily Fantasy Platform built on Block-Chain Technology with out a salary cap and the only one focused on Daily Fantasy Sports. Ian began playing DSF in 2013. Despite enjoying the play, his initial entry rendered 10 months of consistent losses. Ian sought a statistical platform to optimize his play, and thus commissioned a data analytics model which proved successful; his DFS play now yielded winning results. Using these analytics, he developed an online DFS consulting company. Ian’s interests led him to block-chain technology, a format that has as yet, been untouched in the DFS industry. He aligned himself with the co-founders, to create the first global based DFS platform using cryptocurrency in a tokenized ecosystem which rewards positive behaviors and promotes the social aspects of DFS. Ian started to visualize Play Fantasy Sports Corp. to be built on the blockchain in 2019. Ian is located in Freehold, NJ.

Zachary Fluewelling - Co-Founder, CTO and Director
* Product manager and digital marketing professional; working with partners, affiliates, and software products. Increasing revenue, users, and brand awareness through several years of product and digital marketing work. * Cofounded and managed multiple daily fantasy sports websites. Helping each grow through affiliate & partner programs as well as innovative game play. * Co-Founder of Play Fantasy Sports Corp.. Building the first Daily Fantasy Platform built on Block-Chain Technology with and without out a salary cap and the only one focused on Daily Fantasy Sports. We will be providing a rev-share token. Investors will share in the revenue of the company. * Project manager for multiple white and grey label platforms in the fantasy sports industry; both subscription and rake based. * Content manager for several websites -- each bringing in thousands of unique visitors each month. * Sports handicapper and cofounder at Streak'n Sports - streakn.com. * Helped launch careers of many in the fantasy sports industry, with a focus on DFS and fantasy sports related content. * Experienced in website development, WordPress, email marketing, press release distribution, relations, and customer service. Software as a Service (SaaS) and white-label sales experience.

Deal Notes

Minimum Number of Shares Offered: 15,384

Maximum Number of Shares Offered: 164,615

Price per Share: $0.65

Amount Raised : $4,663
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