Skip to main content

FanChain: moving the sports ecosystem forward

Image result for fanchain bounty
You are welcome to yet another mind-blowing edition of my article reviews. Just like you all know, I do my personal research and write about projects I find very attractive and important. In this edition of my article review, I will be giving out a brief overview of a very lucrative project known as fanchain.
It may sound trite, but the world is constantly changing since the introduction of blockchain and its decentralized nature. This modification has affected outstanding industries in an exceedingly global scale and of course the sports industry in general.
The emergence of blockchain has totally transformed the sports industry giving fans complete management of their mode of interaction with their favourite teams.
As a sports fan you would angry with me it feels more enjoying having to debate concerning your favourite clubs’ leagues with a fellow fan than having to listen to commenters whom you can’t extremely communicate with. throughout major sports event, we tend to see a majority of all that goes on in social media like Twitter or Facebook.
We are in a generation where sports fans are not any longer ordinary customers of sports content how of the foremost force that drives the sports ecosystem. I believe its due time for sports fans to get rewarded for their selfless contributions to the sports ecosystem and am glad to boldly write this opportunity has been initiated with the establishment of fanchain.

Fanchain overview

Image result for fanchain bounty
Fanchain is launching an ecosystem in which fans are rewarded with a token that can be used within the sports ecosystem to which they contribute and establish a feedback loop that incentivizes the ecosystem to be a part of the social conversation that they depend on for a better sports experience. every content provided are sealed with a particular sports league, event or club during which the content provided is concerned.
These tokens will be spent through the acquisition of game tickets from vendors who integrate FANPAY into their system. This tokens can also be purchased from online retailers or from fanprize.com and alternative uses.

Why fanchain

Fans are rewarded for supporting their favourite clubs for sharing news, providing commentaries and collaborating on varied social discussions of the favourite clubs. Leagues and teams can provide sealed minted tokens to 3rd party apps through the platforms Dapp options, which will be utilized to reward fans for their contents.
Leagues and teams also will provide tokens and access to their most prominent fans by targeting individuals who hold explicit team stamped tokens. The platform will also lunch a live viewing sports channel to fans which will give them the ability to become their own commentators. OTT channels and online publishers also will distribute FANCHAIN Token to encourage fan viewership.

Features

Fanchain: The fanchain token will be used for purchasing and reward purposes.
Mints: Mints in the fanchain platform will be used for categorizing content and stamped tokens to a team.
Fan wallet: ERC-20 wallet such as myetherwallet which is able to be utilized in storing reward tokens.
Fan exchange: An internet-based exchange channel where fans would be able to exchange stamped tokens of a given team for another team with same stamped token.
Fanpay: entities like websites and apps are ready to settle for the FANCHAIN Token as a supply of payment for product and services utilizing FANPAY.
conclusion
The full implementation of Fanchain in the sports ecosystem will give rise to a whole new atmosphere for sports fans and teams in general.

click on the links below for more information

(https://www.sportscastr.com)
(https://qryptos.s3.amazonaws.com/uploads/ico_project_info/white_paper_file/9/QUOINE_FanChain_WhitePaper_1.0g.compressed.pdf)

Username: agunwa2337
profile link: https://bitcointalk.org/index.php?action=profile;u=2355933

Comments

Popular posts from this blog

Cryptolancer: Eliminating the shortcomings in the freelancing ecosystem

Hello, my friends, am always pleased to share with you the most promising ideas and ongoing projects that aim to solve issues plaguing a particular sector in the ecosystem of the world. It might sound trite, but with the aid of a quick glance, one would notice our world has gone past the age of analogy to this present digital era which has brought about the concept of the internet. Currently, people prefer to work over the internet as freelancers. Over the past few years, the number of freelancers has grown exponentially. However, freelance workers present a special challenge in terms of a collective labour organization. As an individualistic and highly dispersed workforce, they face several obstacles which in turn plague the effectiveness of their work. In accordance with statistics, almost 50& of freelancers and self-employed individuals has in one way or the other experienced systematic problems in obtaining their payment within the agreed time frame. As freelancers, they des...

BRAVO: Establishing an Anonymous Payment Gateway

You are welcome to yet another amazing edition of my article review. Just like you all know, I do my research and write about projects I find lucrative and full of potentials. Today, I will be giving out a brief overview of a project known as BRAVO. It might sound trite, but our world is constantly changing, and technology has gained more influence in every aspect of our life. The blockchain and cryptocurrency are seen as the rival of the traditional banking industry. The blockchain was established to enhance the already existing banking industry by eliminating the errors and limitation that is display by the traditional banking system. Some of the shortcomings plaguing the traditional banking system were its ill security measures and transaction errors. The blockchain though with its unique features and capabilities failed to harness the financial system by providing a private, accessible, and secure channel for a transaction. Some of these errors will be discussed below. Problems...

Buzar: A transparent online platform

Our generation is currently experiencing the greatest era of change. The world has gone far beyond the days of analogy, almost every activity of the human race has been digitalized with the daily invention of technology. Imagine a world where you could be able to get everything done just sitting at home. Technology and the human race can never be separated, the world at large now has so much dependence on technology and the demand for technology keeps rising daily. It is impossible to tell how new technologies have impacted our lives and how it will as well impact the nearest future. The advancement of online technology has brought a whole new face to the way things are been done in the past, it has made it easier and more convenient for people to access a whole lot of things. However, as the rate of online or internet use increases daily, the struggle to move from one application or online platform to the other increases. Daily people access more than five online platforms at a...