One of the biggest fantasy sports providers, FanDuel, has recently announced its partnership with Dash, as its official cryptocurrency prior to the newest edition of “crypto cup.”
FanDuel’s latest ‘crypto cup’ edition would be different from the first and previous NBA-backed edition that took place earlier this year. The “virtual cup” began yesterday, September 9, and would be made up of 18 free play contests. The duration of the competition would be lasting a total period of four months and would be ending on December 30. The final is set for early next year, however, where the free play final would be taking place on the 6th of January where FanDuel would be rewarding winners with the Dash cryptocurrency.
The organizers’ official website promises a host of several prizes that would also be awarded in the token as mentioned above. For the first 17 weeks into the competition, five weekly contests would take place and would be stretched across weeks 1-3, 5-7, 9-11, 13 and 15-17. About $1,000 worth of DASH Tokens is going to be divided between the five winners that emerge after the end of every weekly period.
Omitted weeks 4 and 8 have been allotted a reward five times the earlier prize, smacking a sum of $5,000 that would be shared between the two weekly winners, while the winners of weeks 12 and 14 would each receive a Dash equivalent of $7,000 and $10,000 respectively.
Winners will be notified within 72 to claim their prizes in DASH. The conditions for claiming the prize will be made known to them which include a Dash wallet, the address of which must be provided for sending of funds within 30 days after submitting all the required information.
After the end of the competition by next year January, the final emerging winner of “crypto cup” would be given a 2-day, 2-night all-expense trip, along with the opportunity to bring a guest of their choice to the 2019 Superbowl games that would be held in Atlanta Georgia by early February.
FanDuel is coming back of an impressive and successful maiden cup run that began in February this year. Although the first edition was NBA based, this current one would be based on the NFL instead, hence the Superbowl award. On August 1, FanDuel made an official announcement on Twitter of its partnership with Dash as the “official cryptocurrency partner of FanDuel” following a successful crypto cup test run.
The earlier edition saw FanDuel rewarding winners in bitcoin, this year, however, the company announced Dash as its official partner. Scott Farnsworth, who is a member of the Dash community, gave his view on the recent partnership:
“FanDuel proved to be top tier in execution, marketing and maximizing the investment placed within this proposal. We personally believe that Dash brings great value to online gaming, and with the new US Supreme Court ruling regarding online gambling… this relationship provides Dash the largest exclusive foot-hold within the industry.”
Dash’s investments and partnerships continue as the crypto exchange hopes to usurp the current crypto giants ahead it. It remains to be seen how much Dash’s investments would pay off.