In the words of the FCFL website, “Leveraging the Ethereum blockchain, the FCFL will maintain ledger-based transparency for all fan-driven decisions and reward allocations. Blockchain is vital to creating an inherently open, democratic network of fan engagement.”
Tokens provide an excellent mechanism for running the FCFL fan ecosystem and allocating voting power and engagement opportunities. The more tokens a fan holds, the more their vote will count and the more of the FCFL fan experience they’ll be able to participate in.
Although details haven’t yet been announced, it also appears likely that the number of FAN Tokens that an individual holds will impact (along with the accuracy of their predictions and the frequency of their participation) their ‘score’ on a leaderboard that will ultimately result in cash prizes being awarded to fans of the team that wins the league championship.
The second big benefit of FCFL using a blockchain based token system is that it provides transparency and a level of trust. Rewards will be awarded according to pre-programmed, irrevocable contracts. Voting records will be transparent and permanent. Their will be no doubts about the integrity of fan votes. That’s particularly important in light of the Greg Hardy controversy that enveloped the Salt Lake Screaming Eagles last year. The fans were asked to vote on whether Greg Hardy should be signed by the team. The result was a close thumbs-down (51% to 49%). Because the vote lacked transparency, some fans thought that team ownership (which is now FCFL ownership) had ‘fixed’ the vote in some way to avoid negative publicity surrounding Hardy. With voting conducted on the blockchain, doubts about the integrity of that vote would have been avoided.