SPORTFISHING AND THE PROFISH EFFECT
Hello Steemians, please permit me to introduce a sporting evolution that is currently making waves in the crypto world, and that is no other than the PROFISH innovative strides in overhauling the SportFishing events, using blockchain technology and cryptocurrency thus; repositioning the sport for a more efficient and robust performance.
It’s not as if fishing is a new sporting trend; we’ve been fishing for ages, but the art of creativity bore into the fishing line to enthrone a recreational sport that the outdoor activity lovers will want to identify with. That recreational sport is what we call “Sport Fishing”; and I’ll be giving you some details on the sport, and the PROFISH innovative strides to enthrone a happy and economically booming sector. Let’s start with introducing the word; “SportFishing”.
SPORTFISHING
This is a fishing activity derived from pleasures and competition. It stands off from the subsistence fishing and the commercial fishing, which were motivated by survival and profits; respectively. Coming from the nomenclature, “SPORT + FISHING”; it implies a sporting activity that entails attempts and proper catching of live fishes for recreational purpose. The activities are normally carried out with a rod, reel, line, hooks, baits, etc. They can be carried out from a boat in large open water,
As a sport; competition remains an integral part of it all, releasing varying prices to the winners. The lure for participation and identifying with the sport; alongside pure commercial interests in the sport, will prompt the need for used and new fishing gadgets; resulting in the need for marketplace creation. Having this marketplace, possibly on individual basis between the members, will result in marketing gimmicks to win over customers and ensure their loyalty. To do this, a reward based system was introduced. That summarizes the tripartite backbone on which the sport fishing event is based;
- Online tournament
- Online Marketplace
- Rewards
A closer look at the event will witness some loopholes like the disjointed nature of the event and the media coverage. The disjointed nature has been so, owing to the lack of an all-inclusive platform for the sport co-ordination and coverage. The disjointed nature has also hampered the reward system owing to poor means of delivery of rewards.
There are also issues bothering on the sport popularity, as the event needs a global touch in terms of coverage to encourage participation and improved revenue. Another loophole is the need for a platform, where members can showcase their achievements and participations, in a colorful event they are proud of.
In all of these, the centralized nature of the sport have to give way for a decentralized one, and that is an approach that
PROFISH.IO will be offering the community; to encourage active participation, fund generation, media coverage, streamlined activities and social media touch, to encourage interaction within and with the outside world.
To achieve these and more; PROFISH will be adopting blockchain technology and cryptocurrency to tackle the raised issues, especially as it concerns the reward system.
PROFISH AND THE EFFECT
As already explained; PROFISH is a social media platform, utilizing blockchain and cryptocurrency features to integrate the SportFishing world with the outside world. The activities are basically online, granting community and individual memberships, the display of achievements and affiliations; marketplace coordination, revenue generation, friendship connections, etc. The goal is to enhance the SportFishing activities, and harness the potential for self-sufficiency.
As a decentralized application, the activities will run on the primary utility token called the “FISH TOKEN”; which will act as a medium, on which the platform will be run. The token will also serve as the primary source of rewards and payments in the online tournament and marketplace, between the fishermen; vendors and retailers. For more clarity, let’s adapt the features of the platform from the default pages of the website; “profish.io”, as will be illustrated below:
The above feature emphasizes the payout of winnings from sport fishing events. This can be made more affordable by blockchain technologies and cryptocurrencies compared to other financial solutions. The decentralized infrastructure will also make the conduct of the exercise; credible.
Before this innovation, commercial activities in the Sport fishing arena were very disjointed; using individual stores and high cost financial engines in financial transactions. PROFISH will integrate the members, vendors and retailers, uniquely. A community storehouse is already in progress, while individual stores are also being developed to enable members, the ease and ability of putting up items for sale.
PROFISH aims to streamline the existing reward system with blockchain technology and cryptocurrency. The existing system hardly gets the Rewards across to the destinations; defeating the purpose they were meant to serve. With PROFISH innovations, these challenge will be nipped in a bud.
What could be more fun compared to sharing the news of your achievements with family, friends, well-wishers and the social media community. It gives some sense of accomplishments and wins over admirers into Sport Fishing. Outside that, the opportunity of meeting and connecting with new friendships is an awesome experience, cherished by all. With the added feature, where one can connect to other social media of their choice through PROFISH; the excitement can only get louder.
With blockchain and cryptocurrency integration, your data privacy policy will be upheld. The security of the platform is also guaranteed by the ethereum network.
More like a summary caption for every other feature on PROFISH, the cost and functioning of the platform can be adjudged fair and decentralized, using the fish token and ethereum services on the blockchain.
While the web’s default pages illustrated above will emphasizes the likely features to be deployed and the possible edge it has to what currently exists; Clicking on the “home” icon will bring you to the sign up / sign in page, the wallet, etc. These and many more, can be seen on a visit to the web page; “Profish.io”.
ESTIMATED FINANCIAL SIZE OF SPORTFISHING
Before the coming of PROFISH; the American Sport Fishing Association, in their SportFishing in America report, registered an estimated $40Billion per year, from the expenditures of over $60million Americans, with a total economic impact of about $115Billion, in the US alone. The total economic impact includes the effect on lodging, transportation, and other expenses related to SportFishing. With the US accounting for just 45% of the global SportFishing revenue, when compared with other top players like Japan, South America, South Africa, and the Scandinavia; PROFISH has been estimated as a $200Billion investment. These revenue estimates has been predicted to be increasing at the rate of 3.5%, annually, globally.
You can be a part of this huge investment by buying into the $985 Million FISH token supply at the Mercatox Exchange. The supply is pegged at 0.00000640 BTC per token. The project timeline, which is no doubt of importance to the investors were contained below:
To have a clearer view of the project timeline as an investor, see the roadmap below:
You can check out more details from my very first review on “profish” her; https://steemit.com/science/@karlblaise/exciting-sportfishing-experience-profish
The reference section below will also be of help.
Thanks
Karlblaise1
https://bitcointalk.org/index.php?action=profile;u=2248258
REFERENCES
Website: https://profish.io/
Whitepaper: https://profish.io/ProFish_WP_V1.2.pdf
Twitter: https://twitter.com/profish_io
Facebook: https://www.facebook.com/profishio/
Telegram: https://t.me/FishToken
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4932747.0