Humbyl is taking fantasy sport to the moon

Fantasy sports are form of sport in which individuals (participants) make virtual teams of existing players (real professional players) from a particular type of sport. The participants are allow to compete with themselves which give rise to point be scored when winner emerge. Points are scored, and the winner is determined within contestants based on how the participant's virtual player selections performance in real live games. Fantasy sports have been available for some time now and it seems to be taking over the traditional sport betting.

Humbyl is decentralized fantasy sport platform that make use of blockchain technology. In the review we shall explain how humbly might solve many of the problems associated with other centralized fantasy sport platform. According to FSTA, fantasy sport market growth has past $7.22 billion. Also the study revealed that there are more than 59 million fantasy sport players in Canada and United states alone. This is an indication that fantasy sport is growing yearly. Despite this huge boost there are still some problems associated with fantasy sports which we believe Humbyl may solve.

Problem associated with unfairness lack of transparency

One of the drawbacks of centralised fantasy sport platform is lack of fairness. Many participants believe that despite of the investment in entertainment, they are being manipulated rather than being rewarded. One of the features of blockchain technology is the ways data are being stored which give no room for manipulation. Every transaction of the blockchain is totally open and can be trace by anybody.

Restriction on some countries
Many great fantasy sport platform do not accept some certain countries from participating in fantasy sport. Humbly platform will be completely anonymous which means anybody can join from anywhere in the world without fear of identity or data bridge.

Payment processing

Winning withdraw seems difficult in some existing fantasy sport platform. Fantasy sport platform such as FANDUEL take average 2 to 8 days to process payment electronically while check issuing may take 2-3 weeks. DRAFT KING Payment processing is a bit faster. Withdrawals through paypal are being process within 48 hours (2 days) while check payment can take up to 10days. Withdrawal through Humbyl shall be process instantly and the users will receive their payment in their wallet.

Rigorous Verification process

Another problem which individual might face when registering on some centralized fantasy sport platform is the issue of verification which is very difficult. Many of them require many government document before individual can be verified on their problem. Giving out paper documents for verification may be dangerous especially during Security Bridge which might lead to customer document being stolen by hacker. With Humbyl, only email verification is required which is very quick and verifications are done instantly.

High Transaction fee