WTIP - Gaming Project Split Prize Pool Economics! Start Up!

[WTIP]

WTIP is a token on the http://waves.exhcnage,

Originally the plan was to tie the waves asset to tokens on the waves exchange and lease out the tokens, but deciding the plan was not enough designing a new plan.

The plan is to set up a gaming competition,

Level 1 £50 entry,
Four players play for Level 2 entry
One winner

Level 2 £200 entry

Four players play for Level 3 entry,
One winner wins Level 3
Second Place wins Level 2 Ticket

Level 3 £600
Heads up match to get to the grand final

Grand final to be played at a later date 250 to 1500 players
£1200 entry.

The £1200 from each player will be a split prize pool, half paid out in £ and half in WTIP to support the token and promote the token.

The prize pool will be composed of entry fees + Sponsorship + 35% of revenue stream from live competitions and interviews with gamer's + comedy content or alternative content - expenses, which won't be more than hopefully more than - £50,000.

so say the direct entry is £300,000 and the expenses is - £50,000

£250,000 will be the prize pool. + sponsorship + 35% of revenue streams

the rest of the money will be saved to develop the token, from the revenue streams.
and the will be a buy back and burn of 10% from revenue streams.

half of the £250,000 will be put into WTIP so that would be £125,000 + 35% revenue stream boosting the price + 25% of the sponsorship

to buy the WTIP token you go to the waves.exchange

the is 100,000 tokens ever created and 100 so far have been burned the 10% rule is active.
the price is starting from 50 Waves for 1000 WTIP just type WTIP into the search feature.
and you will find them for sale under the Waves/WTIP pairing, also has sell orders on BTC/WTIP pairing and Xtrabytes/WTIP pairing on the

Nothing will be burned from the prize pool however, just revenue streams. 10% on the revenue stream after the grand final event. only to reduce supply and increase price.

U.K tokens are classed as fund raising,
However my token will be classed as fund raising and going to in the future have a economy built
around the token useful for exchanges of goods and services,
To begin with the token will be exchanged, people will play a annual gaming tournament and agree
the prize pool will be split, they will be buying in with full pounds, and half the pounds will go back
into the token, then as a means of exchange the prize pool will be paid to winners, half in WTIP
and half in pounds.
The token will be expanded for use as a coin, the token is on the waves.exchange and can be
formed into their own economy, therefore not a security but a economic model for prosperity,
original exchangeable for tournament tickets and paid out for contestants who win.
If everything works we can create a system of payment via the Waves gateway and other projects
related and create a system of use.
The token may also be tied to assets I’m just agreeing to put some of my profits to supporting the
token and don’t have to but want people to be prosperous so with some of the profits I’m making
I’m offering to buy the token back to support the price, however only money made from leasing or
interest coins will go back into the token, some from gaming completions and streaming, however,
this is just while the economic model builds, and most the time 35% will go to buying back the
token, 10% will be burned out of existence and the rest will go to building payment structures to
pay for goods and services outside in the world, the structure is diverse adaptable and has many
options therefore cannot be a security, and the 35% offering is more out of kindness rather than
being a security and not guaranteed.
The long term goal is to have a valuable free floating currency, and a burn rate on buy back of 10%
not a security but a inflation proof storing more similar to the none taxable gold.
The reason for burning on buying back with profits, is because that’s what banks should be doing
with loans from the bank, when people take out a loan the banks should be destroying some of
the money they loaned out to make the currency stronger and more viable as a unit of money.
The banks do not operate in the correct fashion so even though classed as fund raising could also
be viewed as a loan of money, and when money is paid back into the token then the token which
equals money will be burned and reduced therefore serving the function of valuable money.
The token WTIP will be used as a means of exchange all along the process; the customer will be
exchanging half the value of their pounds for tournament tickets, which will be the first value of
being a economic model rather than a security, then distribution of the WTIP token will be paid
out to the winners, therefore receiving back their exchange of value, then other means from
money raised will be set up to find use cases for the winners and buyers of the WTIP token to use
for other goods and services, therefore adding credibility to the economic model, even though,
profits from the token’s sales raised will be burned by us, that would more likely signify a loan and
a example of how a economic model would work when banks act responsible and reduce the
supply of money properly in the system.
The example when the loan is paid back the money is burned to strengthen the currency and
therefore make the cost of goods more affordable.

the situation has high potential for growth due to the limited
supply in tokens.
By the time £7000 is raise you will also see evidence of the outcome, we will agree to show video content,
from the first contest or provide live stream to know the action of what is promised that is a
competition with live streams and interviews has been upheld you will see direct evidence within a
month of a £7000 sale that takes place this action will be taken, therefore know the future prize pool
will be exchanged into WTIP as a form of exchange,

we've applied to many exchanges not much replies though, however could create a viable economy from one.
http://waves.exchange