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Fanchain: Reforming the sports ecosystem

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Welcome my friends to yet another amazing edition of my article review, just. Just like I have taken it upon myself as a duty to deliver the most useful information’s in my article reviews, today I will be giving out important information’s about a project known as Fanchain. If you are a die-hard football fan, then this project is a goal for you.
It may sound trite, but our world is constantly changing and the Blockchain has brought the highest innovation to our generation at an uneven level by providing a means to decentralize any industry that integrates its services. The financial market has become a suburbanized ecosystem on which everybody currently has management over his/her financial weight.
However, The sports industry has been somewhat centralized in such way that the individuals(fans) who are the core driving force in the industry with their monumental contributions to the sports ecosystem don't have anything to point out for it.
The industry is presently worth trillions of dollar and 70% of that wealth was generated through fans who have not had a dime of incentive from this clubs and leagues whom they have given their timeless loyalty. This prompted the launching of FANCHAIN which has been successfully established to disrupt this centralised industry utilizing blockchain technology and a hybrid token.

Fanchain overview

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FANCHAIN can simply be identified as a platform engineered by SPORTSCASTRTM within the blockchain in an alternative to disrupt the present centralized sports industry thereby remodelling it into a decentralized network.
The platform is an ecosystem scheme that is initiating a seamless channel that by which sports fans can get rewarded with a hybrid token for creating contents and being a part of their sports team and leagues. A platform that is initiating a whole new method and also giving fans the opportunity to get rewarded just by simply talking about a particular team which they find amazing.

Fanchain platform benefits

• With the FANCHAIN platform, fans would be able to offer commentaries for live sports events being streamed on the platforms to alter for a cohesive and economical atmosphere for viewers who can't comprehend the commentaries of skilled commentators.
• Also, the platform will reward fans whom actively interact on social discussions on their favourite sports groups and league
• Media and sports platforms will be able to increase fan engagement by giving out tokens to encourage participation
• Fans also can profit through third-party apps/platforms that are approved to be a mint by introducing additional value content on their platform.
Who are the team behind Fanchain?
The platform is headed by KEVIN APRILwho is the co-founder of sportsblog.com where he functioned as a member of the NBA. He is backed up by a team of professionals and toughened sports personnel and blockchain specialists.

HOW THE FANCHAIN TOKEN WORKS

The fanchain platforms token being a hybrid token is ERC20 which is based mostly by adopted features from ERC721 style features once distributed at intervals within the FANCHAIN ecosystem.
though the token is ERC20 complaints, its employment of the ERC20 specifications can allow for extra data to be stored on a per- address basis. The token would be transferable and monitored by an ERC20 compatible wallet. The token will also be used for rewarding platform users.

CONCLUSION

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I do my personal research and write about interesting projects that I find amazing and I must say, this project will go a very long way. I feel this project will provide all sports fans with the required innovation within the industry and an infrastructure in which they will greatly benefit by being a part of this project.

important links

(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: tochidavid
pofile link: https://bitcointalk.org/index.php?action=profile;u=2355893

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