What Happened This Month in FantasyGold

It was an eventful month for the FantasyGold Coin project. As usual the FGC team has been hard at work forging new partnerships, adding more tools to their ecosystem and holding yet another live eSports tournament in Las Vegas.

On July 14th, FGC sponsored its second live esports tournament in Las Vegas, Nevada attracting some of the biggest esports competitors including Jackie Tran, Commander Jesse, Wayne Gamble and ChrisG. The event was live-streamed over twitch and the replay can been viewed on https://FGCArena.com

The FantasyGold ecosystem continues to grow with a new web wallet and paper wallet, but more importantly FGC has a new affiliate networking site, FantasyGold.Money. Here affiliates can sign up get links and banner ads used to promote its daily fantasy sports platform https://DraftDaily.com, esports events produced by FGCArena.com and partner sites who use FGC.

One of the biggest hurdles that any new cryptocurrency project faces is mass adoption. FGC is one of the few altcoin projects that has successfully been able to bridge the gap between FIAT and CRYPTO with its recent addition of Skrill to DraftDaily.com. Millions of Skrill users can now buy FGC on the project’s fantasy sports site to play in daily contests.

FantasyGold has also been approved by a debit card processor and is in the process of adding the option to the site. Once debit cards are available the affiliate site will be launched and allow general registration, affiliates will earn a commission every time someone buys FGC to play on our sites.

Skrill, debit cards and its recent partnership with Bitcoin ATM provider Bayside puts FantasyGold well ahead of 90% of the altcoin market in terms of fiat to crypto options for its users. Bayside deploys and operates bitcoin ATM’s that allow for both buying and selling of BTC around the country. The team expects FGC to be available in on their ATM’s in the coming weeks.

FGC is in talks an esports site, an online poker site and a sports betting site to use FGC, to help this process and attack new partner sites the project released a PHP library and installation instructions on their github and will release other libs as time permits.

To round out the ecosystem and attack more partner sites the team currently building a “bitpay” type of service that uses FGC with wordpress and other ecommerce plugins that will make it extremely simple for any website to use FGC and make mass adoption a very easy and very possible.

FGC is currently traded on a few smaller exchanges like CoinExchange.io, CryptoBridge and Exrates. However, this week the team received a legal letter of opinion stating that FGC is not a security which will help open the doors to higher tier exchanges that now require such a letter. The team had previously been in talks with Bittrex and others. Those talks can now continue.

The biggest news of all from the FGC team is a follow up update to the announcement earlier this year that they have retained a financial consulting firm who agreed to raise approximately 50 Million Euros in the form of an Electronically Traded Note from institutional investors.

With the current bear market in full effect and crypto prices following suite the firm is now requiring FantayGold look for hard assets to acquire that will reassure the institutions the ETN’s coupon can be paid. The team’s solution is to acquire an operating and profitable land-based casino.

FGC has been in talks with a Casino based over the past week with a casino based in Panama City, Panama. The casino comprises of 2,800 m2 of floor space 18 table games including blackjack and poker and 340 slot machines, bar-restaurant and night club and has been in operation for the past 6 years.

The purchase price is less than the 50M in funding so there will still be enough funds available to execute the team’s marketing plan for DraftDaily.com and FantasyGold. And of course, one of the first things they will do with the casino is integrate FGC as a way to purchase chips.

Follow up meetings including a full financial review and personal visit to the property are in the works now.

For more information on FGC visit their main website https://FantasyGold.io or join the community on discord https://discord.gg/zNWzPTQ