Introduction
It is a known fact that sport is one of the major event in the world that unite people from different region, belief and religion together, hence the need to focus on improving and ensuring transparency this area is very imperative. A case study of the recently concluded FIFA World cup in Russia, base on documentary seen on TV, It was recorded that over a hundreds of different culture were present to watch the match, even after some country lost out of the match they still stay behind to witness the Finals, this is the level of unity sport can bring.
The sporting industry is vast considering the numbers of sport lovers worldwide, and brings in an enormous amount of money annually, these amounts are achieved through purchase of Team Jerseys, betting, etc. sports betting is a major one. Talking about fund generated from sport, my country Nigeria sold out Jersey worth over $1,000,000 when the World Cup began. The betting sector of the sport industry has grown over the years to a wider audience and people show their passion for their teams by putting their money in staking for a hope for winning of their team or club.
However the advancement of Blockchain technology has brought ease to every ramifications of human activities. Now talking about sport and Blockchain technology, the team behind TEDCHAIN aimed creating a transparent, trustworthy and autonomous platform without the influence of intermediaries, where sport lovers, gamers and devlopers can interact freely, stake for matches and get rewarded without cheating using Cryptocurrency.
About TEDCHAIN
According to the White Paper, Tedchain is a worldwide network platform that seeks to leverage on the powers and functionalities of the blockchain and cryptocurrency technologies to reform, revolutionalize and monetize the gaming sector.
The platform is established on the blockchain technology which makes it decentralized so that more people can participate and control their games, also it serves as a platform for game developers to publish their games for gaining higher audience and patronage.
On this platform, gamers are financially motivated by earning tokens while participating in games. Tedchain's token can be used by game developers who publish their games on the Tedchain platform to reward participants who play their games, pay for subscriptions and make purchases of gaming services.
TEDCHAIN Solution
Tedchain will disrupt the traditional gaming system that currently exist on centralized structure with a lot of intermediaries. Through the Blockchain technology the project will provide the following solutions;
A trusted platform for sport enthusiast
Acceptance of single currency to be used across all games worldwide
A Decentralized structure with optimum transparency
Eliminate the Influence of intermediaries
Prompt payment of won bets
Some Components of TEDCHAIN
Game publishing: This operates in two parts where the first is TEDCHAIN, game developers develop their own games and publish them on their platform. The second is where third-party game developers want to publish their games through the TED platform.
TEDK Gaming & Community Portal: This embeds ecosystem where players can play online games, connect with other players through the center of the game and exchange virtual goods with their TED ecosystem.
TEDCHIN Mobile App Store: This is the component i love most, instead of offering only online games to players, it also offers PC games and mobile games in which players can manage all the games on their platform through a single account.
TEDCHAIN winning and immutable voting system: offers players the opportunity to win prizes by playing games and getting the best entertainment on their platform.
Consensus Protocol: It takes the issue of justice and fairness very serious by using a consensus protocol based on Proof of stake and Proof of authority protocols to reward long-term participants on the Tedchain ecosystem. The quantity of token/coin and how long the token stays with the user or gamer will determine the amount of reward to be earned. Bigger and older tokens/coins are probable to attract more stakes.
Token Information
The symbol of Tedchain token is TED, this will be one of the Cryptos on the Tedchain platform, it is the coin used for payment on the Tedchain gaming platform and other games published on the platform.
The ICO sale is ongoing, TED is ERC-20 standard token and operates on the Ethereum blockchain network, this means that it will be stored in MEW or other ERC20 compatible wallet.
For purchasing TED tokens during token sales, the buyer will have the opportunity to get an in-game resource at an appreciable price discount and will also be privileged to exchange tokens for fiat or paper currency via an internal auction. TED token holders can purchase in-game items with it.
See more details of the ICO sales in the imagine below
Meet the Project Team
Project Roadmap
Kindly visit the links below for more information.
WEBSITE: https://tedchain.network/
WHITEPAPER: https://drive.google.com/file/d/1bP2SPF4-s1PcPkJWzfc4cRNGfVQnOhMf/preview
TEDCHAIN WALLET: https://tedchain.network/wallet
TECHNICAL DOCUMENTS: https://tedchain.network/technical.html
Writers BTT: https:https://bitcointalk.org/index.php?action=profile;u=1673535