Fantasybits are created by NFL players playing football

100 Fantasybits are created for each real fantasy point

There were 49,000 fantasy points scored in 2013

4.9 million Fantasybits would have been created

Fantasybits are distributed based on player projections.

The most skilled fantasy players, will earn the most fantasybits.

Projections

Projections - Proof-of-Skill

Fantasy Name Player Proj

FantasyGrinder Kaepernick 22

FantasyGrinder Davis 11player2 Kaepernick 20player2 Davis 6player3 Kaepernick 30player3 Davis 13

Final Projection Logs

Projections can be made up until game time.

Final projections are combined into a data block, and signed.

Block is appended to a decentralized pubic ledger, the Block-Chain

BLOCK-CHAIN

Week2 Projections Block

Block-Chain is distributed among all players

Block-Chain is a public ledger of consensus

Block-Chain does not require a central trusted entity.

Projections - Proof-of-Skill

Results

After game, results are recorded. Fantasybits are distributed to all

projections that are above average. Better projections receive more bits. Fantasybit awards data are added to

the Block-Chain Kaepernick 21

Davis 14

1. 2100 fantasybits will be awarded for Kaepernick

2. Average projection miss for Kaepernick was 3.67

3. player3 missed by 9 and does not receive an award

4. FantasyGrinder and player2 both missed by 1, and are each awarded 1050 fantasybits

Fantasy Name Player Award

FantasyGrinder Kaepernick 1050

player2 Kaepernick 1050

FantasyGrinder Davis 642

player3 Davis 758

Fantasybit award BLOCK-CHAIN

Week2 Projections Block

Week2 Award Block

DecentralizedPeer to PeerBlock-Chain public ledger

Network1. Already exists as an abstract concept

1. If protocol is not followed, you are no longer in the network

2. Tokens created by NFL play.

3. Distributed to best projections1. Projections broadcast 2. Data provided by Proof-of-Skill consensus

1. Player Agents

3. Open source, transparent

4. Weekly and Season points contracts1. Valued at actual points 2. Bought and sold among peers3. Decentralized exchange

1. Central agent timestamping

5. Transfer transactions – Proof-of-Stake1. Proof-of-Skill for “nothing at stake”

Protocol

Math based Skill non-transferableStake transferableFungibleUnforgeableScarce

Tokens

Valued at actual points after NFL gamePlayerA has high confidence point will be above X or below Y

Place order to buy at X or sell at YOnce playerB takes other side, contract is live

Depending on result, A or B will transfer 1 fbit per point per contractLong p. Manning at 25 , close at 35 , +10 fbits per contract.

Weekly Points Contract

Season Points ContractWed night sessionFri night session