(it is not everyday that you see a cryptocurrency on professional football players jersey's)
JETCOIN is probably the next big thing in the crypto world.
And the funny part is... it was a coin that was launched in 2014, and did not get success !!!
It was a sort of a forgotten project, which did great things: for instance JETCOIN was the 1st crypto to be the official sponsor of a professional football team, but, as we all know, 2014 was too early...
Now, 2017 is THE year of cryptos, and JETCOIN is now ready to fulfill its destiny.
I recently got to meet the team, and they are preparing a massive relaunch of the coin.
WHAT IS JETCOIN ?
Jetcoin is truly a great example of "crypto for the masses": the goal is to bridge the blockchain and token world with the world of sports and entertainment.
As the team writes it, Jetcoin, (JET token ) is the new digital fuel for the world of sports and entertainment, and gives fans and supporters a unique opportunity to benefit directly from the success of their favorite athletes and stars. It disrupts traditional fan-athlete/talent relationships by enabling anyone to launch and support the careers of tomorrow’s stars.
Using block chain technology, Jetcoin decentralizes the world of sports and entertainment, ruled today by powerful agents and corporations. Jetcoin tilts the power balance by establishing the first platform anyone can own IP rights of promising athletes and talents.
My takeaway:
The sports and entertainment market is a multi-Trillion dollar juggernaut. The market has literally no limits for Jetcoin. For instance, if we only take the top 10 teams in the Italian SERIE A Football, we have a valuation estimated north of $2Billion.
JET TOKENS
The JET Token is an ERC-20 token built on Ethereum. It is officially listed on MyEtherWallet under the Symbol JET. For more information about the coin, please check the etherscan token page.
There is also a mobile wallet (Jetcoin app), available for free on Google play and on the Apple Store.
Jetcoin says holders are able to earn revenues through Jetcoin Smart Contracts and its social media rewards system, P.O.S.E. (Proof Of Social Engagement).
JET also gives fans and supporters in the world of sports and entertainment a unique opportunity to benefit directly from the success of their favorite athletes and stars, both financially and also through unique lifestyle experiences such as seat upgrades, access to VIP boxes, exclusive events, behind-the-scenes and/or after-parties.
The typical modus operandi is showcased in another video below: JET holders and invest and help a rising star to become a champion, and then benefit form his success.
JET is currently traded on several crypto-currency exchanges (see coinmarketcap).
I personally think that the market-capitalization is ridiculously low for such project (less than $1MM), and that this coin has tremendous value in the future.
Max supply is high, at 80,000,000 coins, but I heard that it will only be released with new contracts or sponsorships, in order to go with the business: basically, the coin value cannot drop because supply will only be released with revenue growth.
WHY IS JETCOIN PROBABLY THE NEXT BIG THING ?
Because, contrary to many cryptocurrencies, JETCOIN is an existing business.
The technical part of their solution is not the most significant asset in this business, and newcomers may arrive with similar solutions.
But JETCOIN has the 1st mover advantage on them: they know the industry.
JETCOIN story is not new, it started in 2014: They have a network, trust, and established contracts with the sport and entertainment industry.
In August 2014, in a bid to both establish the branding of Jetcoin internationally as well as to secure a testing ground for a myriad of innovative tech applications and crowd funding concepts customized for sports and entertainment; Jetcoin became the first digital currency to become the main sponsor of Italian Serie A football team A.C. ChievoVerona and Serie A club Hellas Verona.
The partnerships are over now, but others are coming, and there is still a strong relationship with the Italian SeriesA (see below).
AND IT CONTINUES IN 2017...
2017 is the year of cryptos, and JETCOIN is relaunching the project. Stronger, bigger, going full force on a crypto-market which is today flirting with the $150 Million market capitalization.
In August 2017 Jetcoin has deepened its relationship with Italian Serie A club Hella Verona, opening the Jetcoin Institute’s first talent search for rising soccer stars. This is a smart move, directly in line with what the brand promises: finding new talents, investing on them with tokens, and benefit from their success. And the advertising returns will be massive: Hellas Verona offers digital exposure for Jetcoin and its corporate partners on electronic banners during the games, broadcasted in more than 80 countries.
From September 2017, Jetcoin is also sponsoring F1 parties in some of the best rooftops of Singapore: Sky Grandé Prix 2017
The very most recent event to be sponsored by Jetcoin is Singapore Rendezvous 2017 where Dj Motiv8 the Original Black-Eyed Peas DJ will be present. (this DJ is a beast!)
CONCLUSION
JETCOIN is a true hidden gem in the world of cryptocurrencies.
Cryptocurrencies have a lot of hype, and sometime the tech creates disconnections from the real world: I often see projects "worth" hundreds of millions of dollars "POST-ICO" showing only a technical whitepaper and a nice internet site. Most of the time, these startups remain ultra-technical and are building a blockchain solution without really thinking about BUSINESS DEVELOPMENT.
It's not everyday that you encounter a real company, with real marketing, and exisiting ties in the industry they are aiming at. JETCOIN is one of these, and I believe that the relaunch of this brand in 2017 will be (this time) a massive success.
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NOTE: If you are members of BitcoinTalk.org, I suggest you give a look to their official ANN thread. Feel free to ask questions there.
Sebastien