More than 100,000 people play chess online each day. Perhaps, even more impressively over two million people every day watch these chess games.
Chess is only one game which is included under the “Mind Sports” banner. Mind Sports are intellectually challenging and highly competitive. They are also immensely popular across a broad section of society.
Mind sports like Chess, Go and Bridge may be dominated by genius intellects but they are played and watched by people from all over the world. Mind sports have proven benefits for participants including slowing down mental degradation due to aging and improving cognitive function.
Perhaps even more importantly they are fun to play and fun to watch. Unlike a lot of other active sports there are almost no barriers to entry. Anyone with a board or an internet connection can enjoy these mind sports. People start playing mind sports when they are young and can continue playing them until the day that they die.
Challenges Faced By The Mind Sports Community
Players who want to enjoy minds sports such as Chess or Bridge need to do so through a centralised gaming platform. This has created a problem when it comes to playing mind sports with monetary rewards. Before playing for monetary rewards the players must transfer funds to this platform. This leaves them exposed to fraud or hacking. The administrators of this centralised platform may choose to ban a player or to hold their funds without cause.
Of even more concern is the problem of cheating. Vulnerabilities in the platform can expose players to being cheated by their opponents. Lack of transparency even means that the platform itself might collude with certain players and support cheating.
MindSports IO Solution
MindSports IO (https://www.mindsports.io/) solution is to create a decentralised platform with anti-cheat layers built in. The users of the network will be involved with it’s governance. Players will be able to host tournaments. In exchange they will be rewarded with MIND tokens. MindSports IO will also provide a platform for placing bets using MIND tokens.
Because MindSports IO will include Anti Cheating layers players should feel safe in making wagers. These anti cheating layers are designed to identify cheaters and to block chess engine cheating.
Payouts for wager will be conducted through smart contracts on the Ethereum blockchain.
MindSports IO Crowdsale
MindSports are distributing the MIND token through a crowd sale. The majority of the funds raised by this token sale will be used for the development of the MindSport IO platform. Up to fifty million MIND tokens will be created with 70% made available during the crowd sale.
Mindsports IO Website: https://www.mindsports.io/home#spin
Mindsports IO Whitepaper: https://drive.google.com/file/d/0B23oU2WDqlyWZHNvM2ZZLWNrVmc/view
Mindsports IO Tokensale: https://www.mindsports.io/home#tokensale