The FIDE PB in Tsakhkadzor approved and the FIDE PB in Baku confirmed a project for an online FIDE playing zone which will be launched with very strong anti cheating technology. This is a joint project with CNC with a term of ten years. The project will be run on the CNC web.
The playing zone will be free for anyone to register and play chess there. But users who wants to earn FIDE ELO ratings (for rapid, blitz and bullet) will pay €25 per year.
There will be online world championships and all other FIDE events. Also FIDE titles for amateurs and professionals will be taken under consideration in this playing zone.
FIDE will be paid 20 % of the following revenues of playing zone (for the first 12 months 10%): membership fees and advertising fees. For all titles given by FIDE, 80% of titles fees will be paid to FIDE. To extend the contract after ten years CNC web should pay 50% of registration fee for members over a certain number achieved by then.
Great idea.