FanChain ICO By Sportscastr

The FanChain Ecosystem FanChain Ecosystem

The core consists of FanChain token ICO, Mint, FanWallet, FanExchange, and FanPay. In the simplest case,
FanChain functions as follows:

A user creates content, or some other value, for a particular sport, team (s), game, league or related event on the UGC platform that is approved to become Mint.
Note: The role of Mint is to categorize content and token stamps. Can not issue new token – only distributes an existing token in its ownership.

Users receive FanChain tokens that contain metadata that is “stamped” with the team (s), league (s) or sporting events that users create content or values ​​as prizes.

Wallets that are compatible with FanChain tokens will show the total amount of the user FanChain token balance, and also provide visual details of the stamps associated with their tokens.

This produces content / value-producers that are rewarded with FanChain tokens that are unique to their favorite sports, teams, leagues (or other sport-related events).

Third parties can then offer special discounts, access, digital goods, promotions, and features to FanChain users who hold a number of certain tokens from teams, leagues, or events and certain sport-related organizations.

SportsCastr did not sponsor or pay me to make this article at all, however, by entering the FanChain gift program, I was eligible to receive 200 Token FanChain from SportsCastr.

Any statements or views expressed in this article are mine and not SportsCastr. For more information about FanChain and the bounty program, visit

Please highlight the vision to allocate 20% of the distribution tokens to sell your tokens between community growth (10%) and partner “pool” incentives (10%)? What is the function of this pool and why are they needed?
FanChain: FanChain’s main objective is to make the ecosystem as decentralized as possible. Until that happens, we take our role as ecosystem managers very seriously. These ponds are designed to initiate FanChain adoption and support long-term ecosystem health. They complement our community and business development team with strong ammunition that can be used to execute and accelerate plans laid out in our white book.

Information on FanChain Tokens

Current payment form: ETH

How to Use FanChain Tokens:

  1. User creates content, or other value, for certain sports, teams, games, leagues, or related events on the UGC platform approved to become Mint. ⁃ Note: The role of Mint is to categorize content and token stamps. Can not issue new token – only distributes an existing token in its ownership.
  2. The user receives a FanChain token that contains “stamped” metadata with a team, league, or sport event the user created as content or value as a reward.
  3. Wallets that are compatible with FanChain tokens will show the total amount of the user FanChain token balance, and also provide visual details of the stamps associated with their tokens.
  4. This produces content / value-producers that are rewarded with FanChain tokens that are unique to their favorite sports, teams, leagues (or other sport-related events).
  5. Third parties can then offer special discounts, access, digital goods, promotions, and features to FanChain users who hold a number of certain tokens from teams, leagues, or events and certain sport-related organizations.

Token Distribution

CGP: Some tokens (10%) will be provided for Community Growth Pool (CGP). The majority of CGPs will be distributed algorithmically, with portions provided for gift boards, user incentives and community competitions. The algorithmic part will initially be calculated every day based on SportsCastr’s CGP Rewards Algorithm. SportsCastr – f (x) algorithm = total user activity / activity

  • pool daily – will factor under KPI:

PIP: A portion of the FanChain token (10%) will be backed up at the Partner Incentive Pool (PIP). PIP will be fully distributed by the end of the third year. At the end of the third year, any remaining tokens in the PIP will be transferred to CGP. Examples of PIP use include:

  • Secure marketing, PR, and community management partners during the ICO phase
  • Direct sports event acquisition at SportsCastr (available for viewing using Tix tokens or FanChain)
  • Provide incentives to large partners to receive FanChain, to be a Mint, or integrate FanPay
  • Promote the implementation of the SportsCastr SDK into the partner’s OTT platform
  • Ensure the development of third-party FanChain software to improve ecosystems
  • Attract influencers (athletes, celebrities) to use SportsCastr and generate FanChain tokens from viewers
  • Securing sponsorship opportunities to promote and market SportsCastr and FanChain
  • Exchange listing for FanChain
  • Making premium content
  • Offer rewards to FanChain token holders on FanPrizesUse of Funds

Use of funds

The acceptance of ICO will be used to develop the SportsCastr FanChain ecosystem including acquiring media rights to broadcast live sport events, premium content production, token holders’ rewards (FanPrizes), platform development, operational, marketing and legal fees.

Acquisition 5%
Buffer: 5%
Fan Prizes: 5%
Legal: 5%
Production Content: 10%
Marketing: 20%
Broadcast Rights / Licensing: 20%
Operation: 30%

Team

http://docinek.com

Project info:

Web: https://sportscastr.com/
facebook: https://www.facebook.com/sportscastr
Twitter: https://twitter.com/sportscastrlive
Telegram: https://t.me/joinchat/HMX3kA5Y_7f1BO7i_jRqSA

BTT profile: https://bitcointalk.org/index.php?action=profile;u=1233872

Get more stuff like this

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

About docinek

0x7741292bAe34Dc5dC08e6f9f11bb50Bf94a8dcD9

Leave a Reply

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.