San Francisco, Nov, 17th 2017
Please Note: This is a Press Release
Today MindSports IO will invite prominent professionals from the Chinese Chess community to test and play on their network from 11:00 AM — 3:00 PM (UTC) to kickstart their presale at 2:00 pm (UTC). The event will be streaming live on YouTube where viewers can watch Island Kon, MindSports IO CEO and three times World Chinese Chess Champion, compete against several reputable participants from around the world, including International Grand Master, Chiu Yu Kuen and International Master, Vincent Wong, to name a few.
“For the past 3 weeks, we have successfully tested our demos on the ropsten network. Our Chess and Chinese Chess demos are ready and are well functioning within the network,” says Christian Ng, co-founder and COO.
With the current demos, players can deposit their tokens in the Escrow Smart Contract before the game commences and the winning proceeds will be distributed to the winner.
The MindSports IO network will introduce a larger variety of intellectual sports than any other traditional online platforms. Every six months, token holders can propose and vote for their favorite intellectual sports to be built and deployed next on the network. Four games are expected to be rolled out by 2019. Since its inception in April, MindSports IO has been developing a decentralized network for playing and creating rated online intellectual tournaments for chess, draughts (checkers), xiangqi (chinese chess), go, and bridge with MIND cryptocurrency tokens. The tokens are also used for network governance in case of game disputes. The serverless, IPFS and Blockchain-based architecture allows for a robust and trustless environment, while the absence of a centralized server will reduce the costs necessary to maintain the system.
The MindSports IO presale begins on November 17, 2017, at 2:00PM (UTC) with a 50% token bonus limited to the first 24 hours. The token presale not only encourages early community involvement in this project but also serves as a fundraising for continuous development of the network. The official release of the MindSports IO platform is currently scheduled for the second quarter of 2018.
What’s next? MindSports IO will be launching their Alpha version in late December 2017 and is inviting selected participants who have contributed to the presale to test and play mind games on the network first.
More details of this project can be found on the website, or in the whitepaper.