Project Scope & Details
Event Posting by System Specifications
Company administrators will be able to manually post sporting events that will automatically be posted with a set number of shares. Events will be tied specifically to the start and end date of the live sporting event. This will be done automatically based on the official website of the sport in question. For example for National Football League (USA); based off nfl.com. Initial development to include one sport. Others to be estimated for integration.
Administrators will also be able to customize the following for each event:
Starting price for "YES" (default $.50)
Starting price for "NO" (default $.50)
Total number of shares available.
Last Transaction Date (default end of event date)
First Transaction Date (defaults to time event is created)
Invest Capability for Users
From the point of accepting transactions until the completion of the event, investment transactions are allowed for "YES" and "NO" prices for each criteria. Users must create an account and purchase these "shares" through a secure payment processor which will be the responsibility of [[url removed, login to view]].
Once purchased, shares cannot be refunded; only sold to other Users
Share Valuation by Event Status
The share "price" will start at a defined value, but over the course of the event, the price will fluctuate for "YES" and "NO" based on the ongoing progress of the event. The application will automatically adjust the price of "YES" and "NO" accordingly, and automatically.
Transactions of Shares
At any point a User can buy or sell his/her shares, or additional shares from other Users at any price they themselves define. Selling above or below the automatically updated value of the share will flag that transaction for all Users to see they are buying "over" or "under" the predicted value.
Payments will be processed automatically and securely through a third party. This cost and service management will be the sole responsibility of [[url removed, login to view]].
Payment Event Triggers:
Website will take a 10% flat fee on every net GAIN trade. This happens when a trade is:
exited manually (by the user before the given event has ended) OR
exited automatically when the ending of an event results in a net GAIN trade for the user
No fees will be taken on net LOSS trades
Website will take a 5% withdrawal fee for EVERY withdrawal from the site
No minimum withdrawals or length requirements for keeping funds deposited
Ongoing Support & Maintenance
This will include the following:
Management of application performance.
Overseeing ongoing errors, warnings and bugs.
Maintenance and management of AWS services (EC2, S3, ELB, AutoScaler, Route53, etc)
Ongoing support and/or feature requests and enhancements.
Our deliverables include the following:
A functioning website that works to the specifications above.
Static assets for imagery, code, data, and associated documents to build the website application.
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Hi I work towards providing reliable, relevant and robust IT solutions at most competitive prices to my customers. I ensure 100% customer satisfaction so lets start Thanks