Profish: Revolutionising Sports Fishing, Redefining Animal Sports.

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Overview of sports fishing and likely impact of blockchain

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Animals without doubt are a great source of joy to many humans; be it in form of companionship, leisure or sports.Today, more people are gaining interests in the latter, with horse/dog racing,bull wrestling etc leading the pack, this is largely evident in the fact that viewership and revenue has experienced a major upsurge in recent years.Fishing, which will form the basis of this publication has been subject to scrutiny by enthusiasts as some claim it is a mere hobby, others believe it to be more of a competitive sport. Regardless of its stance, it's safe to say that sports fishing is a step beyond leisure as its impact on US economy is especially mind boggling. Take a look at an extract from the Profish whitepaper:

"Recreational fishing has a total economic impact of $115billion in the US alone when you include fishing expenses, lodging, transportation and other related expenses. The US accounts for about 45℅ of global sports fishing revenue; sports fishing is increasing in revenue at about 3.5℅ per year worldwide" | Source

These statistics indicates the rich prospects of this industry in the coming years, if effectively managed, but what if I tell you that's not even as good as it gets ?
Profish shows us that these figures are merely stepping stones compared to what can be attained by leveraging blockchain technology to completely exploit the yet untapped benefits of this promising industry.

Redefining sports fishing with Profish

The blockchain technology has in the past few years flaunted its unparalleled capacity to disrupt any industry through its decentralised, incentivized, peer to peer features as can be seen in any of its numerous applications.
The impact of evolving through adoption of new technological trends towards the growth of industries and enterprises cannot be overemphasized; especially as we live in times when trends become archaic almost as soon as they emerge. It is largely owing to this that Profish seeks to completely revolutionise sports fishing by harnessing the blockchain technology.

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Profish proposes a fully incentivized ecosystem powered by its native token, FISH which will serve as a means of value transfer. Beyond that however, the presence of the FISH tokens births diverse business possibilities that could well be beneficial to participants, investors, vendors and every other player in the ecosystem. Here are some features and services offered by Profish:

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Online tournaments: Tournaments are a great way to breed a competitive spirit amongst folks who share common interests. Online tournaments are very common nowadays as they allow players from all over the world compete for highly coveted titles over a server.
In the past three years or thereabout, we have seen a couple of games launched on the blockchain become huge successes not long after, mainly owing to the fact that many of its features are beneficial to the gaming industry . In likewise manner, Profish dials it up a notch by allowing users enjoy the multifaceted benefits of playing online at negligible transaction fees, immutable and verifiable transactions all on the secure ethereum network.
Are you proud of your feats and eager to show them off to your friends ?Profish has got you covered through APIs that allows you share your achievements on your social media pages .

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Earn the bragging rights by clinching a place on the leaderboard!

Online marketplace: The online marketplace is the one-stop shop for fishermen and vendors to purchase equipments and services either using FISH tokens or ETH.To get a clearer picture of what the online marketplace is to Profish, we can draw an analogy from adventure/action games where you constantly have to restock your ammo, health kit etc via their store . Presently, payments on Profish are integrated into the community store though, plans are being made to enable retailers and vendors own and control their own stores.

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Reward systems: Loyalty programs have proven to be a truly effective means of rewarding loyal customers, encouraging them to continue patronising their store by giving out gift cards, acquired points, coupon codes etc that'll enable them purchase at discount rates. Customers on Profish are of course open to similar benefits from vendors who may choose to adopt such programs, with the added advantage of cross platform compatibility which is unseen in traditional loyalty programs.
For instance , your accrued loyalty points at say McDonalds can only be redeemed at McDonalds. While the "value isolation" is a justifiable business plan in the centralised world, it is of no use in a decentralised ecosystem where all vendors and enterprises are united by a common rationale and this is why rewards can be redeemed at any vendor irrespective of where it was obtained.

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Final Thoughts - Potential impact of Profish on animal sports in general

As discussed in the first section of this review, animal sports has experienced a landmark growth, judging by every possible criteria one could think of. By adopting sports fishing as the focal point/case study, we went on the see the impacts of a disruptive innovation, the blockchain technology on this industry in later sections.Now, let's examine how the success of Profish could on the long run usher a floodgate of other animal sports seeking to reap the benefits of the blockchain.
Animal racing and wrestling are two very lucrative genres, amassing unarguably the largest follower base and revenue in the industry. Think about an incentivized ecosystem powered by blockchain that will allow participants buy and own pet racers, stake on races and bouts, register animals for tournaments and win rewards, buy kits for pets, challenge others for bragging rights and for a spot on the leaderboard etc,where transactions can be carried out in a trustless and secure manner , tournament records are verifiable and immutable on the blockchain and earned tokens can easily be liquidated. From the ensuing, it is quite evident that the blockchain if implemented could birth a revolutionary era in animal sports entirely, as it is already doing with Profish.

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