The plan of the FanChain project ais the creation of a unique global entertainment sports ecosystem, built on the principles of decentralization. For the rapid deployment of the project, a number of incentive schemes have been introduced.
FanChain is a platform for sports fans, created on the principles of decentralization. It realizes the old dream of many viewers – to earn on hobbies, on knowledge about their favorite sports team. Within the framework of the platform there are 4 key components:
– Purse FanWallet for crypto currency.
– FanChain tokenomics.
– Mint (here we will produce unique tokens with graphic data – symbols of competitions, teams and leagues).
How does the FanPay payment system work?
– First of all, the user needs to create in the system a team profile (either competition or league).
– To find out some information about the project, the customer needs to buy FanChain tokens, in which information will be stored (these coins are called “stamp”).
– Further in the purse of the buyer will be displayed the balance and some graphic component of the coins.
– The coin holder will be able to reward them with community members.
– Owners of profile tokens receive a number of bonuses and discounts on various fan products and other services.
So, the system offers unique opportunities for promotion of teams: owners of sports clubs can create their own FanChain tokens containing the symbol of the club. Fans will be able to buy tickets for matches for such electronic coins at a substantial discount.
The project launched three support campaigns:
– Affiliate campaign. The company announced that it would distribute a tenth of the coins to partners after 3 years after the end of the public sale.
– Public campaign. All holders of tokens will have a reward every day (depending on the activity).
– Bounty. Also, the project has invested a considerable percentage of the total number of tokens to conduct bounty (3% of the total number of coins).
Token
In total, the system will have 600 million FANZ tokens. Of these, 330 million are put up for sale. During sales, 1 FANZ was equivalent to 0.05 USD. You could buy coins for the ETH, bitcoin and Bitcoin cash, as well as for QASH. It is worth noticing that FanChain coins are created according to the ERC20 standard, it works on the principles of a more modern ERC721. The coins of the system are compatible with all ERC20 purses. But, importantly, the graphic data will be displayed only in the Fanchain system. Now the whitelist is opened on the site, it will be open until September 30.
Pre-sale. The stage was successfully held from June 30 to July 30. The price of 1 token was equivalent to $ 0.1.
ICO. According to preliminary promises, the main stage of sales is planned from September 1 to October 1, the price of 1 token will be equivalent to $ 0.25.
Display Structure
The first digit means a sport (or league). The next 3 digits is the number of the division or conference (in the NBA). And the last block of 3 digits contains the name of the team.
General distribution of coins
– 10% public pool;
– 10% partner pool;
– 3% allocated to the bounty;
– 20% reserve;
– 2% share of the reserve stock;
– and 55% is allocated for sales.
Distribution of investments:
– 30% will spend on operating expenses;
– 20% share of marketing;
– 20% of the costs of licensing and buying broadcasts;
– 10% share of funds for content;
– 5% prizes to fans;
– 5% legal issues;
– 5% of purchase;
– and another 5% share of the reserve stock.
Social networks
The project has managed to gain considerable popularity among Internet users. For today, in the official Telegram group – 1850 subscribers, on Twitter – 48900 users, Instagram – 2885, Youtube – 8, Reddit – 563. Also, the project has a very informative profile in Github. There are 8 employees in the Linkedin group.
Bounty
According to the bitcointalk data, up to 5 million coins of the system will be involved in bounty campaigns, which at an ICO price is equivalent to 250 thousand dollars. They will distribute the funds in the following way:
– 10% support in Telegram;
– 10% of the participants in the translation programs;
– 20% support pool in Facebook;
– 25% of the funds allocated to the media sphere and blogs;
– 20% of the campaign on Twitter;
– 15% pool of subscription campaigns.
Roadmap
From the nearest plans: in the 4th quarter of the year FanWallet will be launched. FanChain will be released to the stock exchanges around the same time, or in early 2019. Also, early next year will be presented FanExchange, the team will present FanWallet for mobile iOS / Android devices. Further in 2019, the rapid development of all project systems is expected, special attention will be paid to the development of SportsCastr.
Conclusion
The idea of the project is absolutely unique, which gives it a bonus to successful development. In addition, the team of the project founders has a solid experience of working with sports subjects, managed to gather around the project a number of professional developers and a solid level of popularity.
Site: http://fanchain.com/
Whitepaper: https://d2xbkms79gkggc.cloudfront.net/upload/184921/1533039998/FanChain_WhitePaper_1.1.pdf
Telegram: https://t.me/joinchat/HMX3kA5Y_7f1BO7i_jRqSA
Twitter: https://twitter.com/sportscastrlive
Reddit: https://www.reddit.com/r/sportscastr
Facebook: https://facebook.com/229850534084151
Linkedin: https://www.linkedin.com/company/sportscastr/
Github: https://github.com/SportsCastrFanchain/FanChainSmartContract
Bitcointalk: https://bitcointalk.org/index.php?topic=4423520.0
Author:
Bitcointalk Username: saycryptohello
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1336255