GOAL BONANZA Football Betting Revolution powered by Blockchain

Goal Bonanza is a lottery game where players predict the final score of a single football game by backing at least 1 out of 10 available options. Unlike traditional bookmakers and betting exchanges that offer unattractive odds and low returns, in the Goal Bonanza lottery the size of the pot drives the potential returns. The bigger the pot is, the bigger the potential returns are. The bigger the potential returns are, the bigger the incentive to place a bet for a chance to win big profits.

For example, 80,000 players wager a total of 100,000 tokens worth $1 each, on a single football game. 180 tokens are wagered on 0-0, a scoreless draw. If the game ends 0-0, the players that wagered those 180 tokens will split the winnings proportionally. Every winning token generates a return of 555 tokens or $555.

Goal Bonanza Mechanics

• Players will have between 150 and 200 football games available for betting on weekly basis. Football games from all major national and international competitions will be available for betting.
• Three 3rd party API services will be used to feed available competitions, game schedules and final game scores to ensure data quality and integrity via 3-tier data validation system to process transactions.
• Football games from selected competitions will open for betting with 100 GOAL tokens Goal Bonanza sponsored bounty, 24h prior to match start. Bets will be accepted until the start of the football match.
• Minimum accepted bet will be 1 GOAL token valued at 0.0002 ETH per 1 GOAL token on launch date. Players can wager a minimum of 1 GOAL token on at least 1 of the 10 available outcomes.
• The game pot will be shared between players that successfully predicted the game outcome. In event of no winning bets, the pot is thrown in a jackpot game organized every month for players with account level 5 only.
• Goal Bonanza will withhold 4.75% retainer from every football game pot as the games organizer.
• Withdrawals will be available only for players with account level 3 or above. Users will have to have an ERC20 compatible token wallet to make a withdrawal. Players collecting winnings by selling tokens on an exchange.
• Players will be able to earn 1 token for every referred player that will reaches account level 3 via the referral program. The referral program will be available when user unlocks account level 2.
• Players will be able to earn win additional tokens as a reward for completing various achievements, challenges and milestones. Withdrawals of reward tokens will be available only for players with account level 4 or above.
• Goal Bonanza doesn’t require any identity verification, submission of forms of identification, credit card and bank account details. Players in Goal Bonanza are anonymous and personal data privacy is guaranteed.

Goal Bonanza is a self-regulating, blockchain powered football betting platform based on ERC20 token standard. It offers fresh and new football betting experience by combining lottery like crowd betting on 10 possible football game final score outcomes where the crowd drives the potential returns, unlike traditional bookmakers and betting exchanges that offer unattractive odds and low returns. The bigger the crowd the bigger are the potential returns easily reaching six figures. In simple terms, imagine $100,000+ in returns on 1$ bet by successfully predicting the final score of a football game out of 10 possible outcomes. That is Goal Bonanza and much more.

In addition to the unique game mechanics, Goal Bonanza revolutionary concept taps into basic desires and needs of users’ impulses which revolve around the idea of profits, status, achievement, competition and community collaboration. Goal Bonanza applies gamification mechanics to engage and motivate users to play in order to win rewards, badges and points, that are used to elevate their status and privileges, and to showcase their talents, expertise, and accomplishments.

Build on ethereum platform and adopting ethereum as the underlying game currency, Goal Bonanza will significantly contribute to the crypto-community and the ethereum platform by increasing the demand for ethereum cryptocurrency, increase its value, and induce adoption in the global betting marketplace.

Goal Bonanza doesn’t require the use of fiat currency for playing therefore it is outside gambling regulatory bodies and jurisdiction and therefore a non-regulated stateless business. Operations fudging and dividends payouts is performed in convertible ethereum cryptocurrency. In year 3 we expect to reach a total of 6.34m active players and generate earnings of $11.7 million.

Market Overview

Sports betting is a very popular type of gambling that involves predicting sports results and placing a wager on the outcome. The consolidated global sports betting market, both regulated and unregulated, is worth up to $3-trillion. Around 65 per cent of that figure is spent on football betting, with the Asian market the centre of sports gambling.

The Chinese, Indian and Southeast Asian markets, where betting is largely illegal, have been identified as the principal operational jurisdictions for unregulated bookmakers. In China, where up to one billion euros can be gambled on a single game of football, the ratio of legal bets to illegal bets is 1:10.

The global licensed and regulated gambling market (all products including: betting, poker, casino, bingo, gaming machines, and lotteries) is forecast to reach $533 billion in 2017. That is a 47% increased from the $363 billion market figure in 2007.

The gross gambling yield (GGY) of the licensed and regulated global football betting market is expected to reach $80 billion in 2017.

The gross gambling yield (GGY) from the global mobile device betting market is expected to generate an increasing share of all interactive gambling reaching nearly 44% by 2018 (up from 18% in 2012) and representing around 5% of total gambling. This trend is driven by growth in smartphone and tablet penetration, increased device capability and the confidence of users.

As mobile gambling is exponentially growing, the average mobile gambling spend per adult in the European Union (EU) is expected to grow from just over €1 in 2010 to over €17 by 2018.

John just made profit of $47,007.85 - total wager (30 tokens) = $46,977.85. No traditional bookmaker or betting exchange could match this. If the game ended up with a high scoring home win, he would of return all his wager by hedging his bet with 15 tokens on “GOAL BONANZA” at 2.10 to 1. From statistical perspective, Barcelona was clearly the favorite in the encounter. However, as the crowd is heavily backing the most probable score, the potential returns on the less probable outcomes are exponentially growing and the crowd is more keen to back an underdog. This behavior on the flip side increases the potential returns for backing the most probable outcome, Goal Bonanza.

With traditional bookmakers and betting exchanges, you can hardly get a return more than 1.2 to 1 for a home win bet, and up to 1.6 to 1 for an "Over 3.5 goals" bet." What Goal Bonanza will offer is unrivaled returns when backing a favorite.

From the opposite side, you can hardly get a return more than 5 to 1 for a draw, and up to 15 to 1 for a correct score draw bet with traditional bookmakers and betting exchanges. in Goal Bonanza however, players backing underdogs will be able to get 6-figure returns for backing an underdog. Again, unrivaled proposal that no traditional bookmaker or betting exchange can match.

We strongly believe that this unique proposition of unrivaled returns will create an earthquake in the betting industry and create big community of players behind Goal Bonanza. The gaming industry has been lacking fresh new ideas and Goal Bonanza will be the tornado that will disrupt the global betting industry.

Players Acquisition and Gamification

In addition to the core gaming mechanism, the platform will include a gamification component that will incentivize players to perform different actions and tasks in order to get awards. Gamification is the concept of applying game mechanics and game design techniques to engage and motivate people to achieve their goals.

This concept taps into the basic desires and needs of the user’s impulses which revolve around the idea of Status and Achievement. Gamification techniques strive to leverage people's natural desires for Competition, Achievement, Status, Altruism, Community Collaboration, and many more. One common technique of Gamification is to increase engagement by rewarding users who accomplish desired tasks. Rewards such as Badges and Points are used to elevate Status by showcasing the talents, expertise, and accomplishments of users.

As players engage and make predictions, they advance up to Veteran level and unlock privileges, token bonuses, new account features and new game features. They win tokens, create communities and make friends, can challenge their friends or other players to make a bet on a specific game, receive challenges from friends and other players, unlock an advanced notification system and receive alerts when their favorite team is available for betting, when their biggest competitor made a bet, receive notifications on the football games open for betting with the highest pot and many more features. Advanced players will be able to follow the best punters and follow their predictions and veteran level players will be able to participate in special power-play games with a big bounty for the winners.

Players will also be able to unlock the referral program and earn 1 token for every referred player that will reach professional level. This way we will create a formidable force of Goal Bonanza advocates that will promote the game and drive acquisition of new players.

Rewards, Badges and Achievements

Players will also be able to win badges and more tokens as reward for completing different achievements as recognition for their talents and expertise to predict football matches scores and outcomes. As players complete more advanced achievements the rewards will grow exponentially as well.

The desire to appear on the leader board will drives players to complete more achievements, fueling deeper engagement and increasing the lifetime value of a user. Players will have the option to appear on the leader boards either anonymously or under their real avatar to compare and compete against other players but also to collaborate, build communities around favorite football teams and challenge players from arch rival teams when their selected favorite teams meat in a football game open for score predictions.

Pre Sale

Goal Bonanza will issue 1,000,000,000 GOAL tokens which will be distributed in the crowdsale. We are now doing a pre sale to raise 3,333 ETH that will be used to fund the ICO campaign and the initial distribution of our currency and will release only 10% (100,000,000) GOAL tokens in pre sale. We have already invested our own funds for a market research and product benchmarking, for development of a 3-year business plan and for UI/UX development. We have developed a proof of concept, and now starting preparations to launch a full-fledged ICO. We are in the process of creating a team of Marketing & PR professionals that will promote our product in key markets like Russia, China, India, Japan, South Korea and other major markets. Part of the funds raised from the pre sale will be used to setup the infrastructure, expand the development team and implement additional features and marketing tools to ensure a successful ICO.

Part of the funds raised with the Pre ICO will be used to expand the development team and implement additional features and marketing tools that we have planned for the ICO. We will also invest part of the funds raised from the Pre ICO to setup the infrastructure and the tools for a successful ICO. Ths includes the reception of fiat money, which may have a positive impact on the subsequent campaign, but requires significant investments, both technical and legal.

Why Invest in Goal Bonanza Token Now

In the Pre ICO you will have the opportunity to buy GOAL tokens with a special 66.67% discount. As you can see in the table provided below, the price for 1 GOAL token in pre sale phase is 0.0000667 ETH (1 ETH = 15,000 GOAL). The price for 1 GOAL token in the ICO phase will be from 0.0001 ETH (1 ETH = 10,000 GOAL) to 0.0002 ETH (1 ETH = 5,000 GOAL). This is a unique opportunity to get GOAL tokens 3 x the value in the Pre ICO phase.

Token Usage

10% of GOAL tokens (100,000,000) will be available in pre sale starting on October 1, 2017, with a minimum investment goal of 3,333 ETH and a maximum investment cap of 6,666 ETH. The pre sale will last until October 31, 2017 or until maximum investment cap for pre sale is reached. All unsold GOAL tokens in the pre sale will be transferred in the ICO starting on November 1, 2017. The minimum investment cap in ICO will be 50,000 ETH with maximum investment cap of 100,000 ETH. All funds raised will be held in a multi-sig wallet held by team council. Our team is fully committed to the project and has great passion in changing the landscape of the football betting industry. All tokens allocated to Founders (10%) and Advisers (5%) will be held in multi-sig wallets and reverse vested for 24 months with monthly cliffs. Because all our tokens are pre-mined, we've also set aside a portion of tokens for future partnerships (5%). One of the main purposes of the goalbonanza token is enabling the growth of the service, which is why 5% of tokens will be allocated to a bounty pool intended to reward community efforts.

Pre Sale Rewards and Discounts

We will offer a bonus system in the pre sale with rewards based on amount of ETH invested in Goal Bonanza. After you deposit a specific amount, you will automatically receive the best reward available for those funds. For example, if there is a reward for 500 ETH, then you will receive it after you deposit 500 or more ETH, but if you deposit 499 ETH, you will receive the lower tier reward. For more details on additional bonuses in pre sale please see the table below provided as reference :

INFO BONANZA

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