Sơn Tùng MTP : FanChain- Cryptocurrency for the Global Sports

The sports industry is a whole world of enthusiastic bringing in billions of profits annually . The problem with the shift from fans as passive consumers to active content producers is that fans are not benefiting from the value they are creating for their favorite teams (and for other fans). Even though sports leagues are securing record-high distribution deals- and social networks are generating billions in revenue from user generate-content- fans have yet to be factored into the equation.

About FanChain

FanChain intends to build a decentralized global sports entertainment ecosystem that utilizes a unique token platform to incentivize and reward active participation, content production, and ecosystem growth. Using SportsCastr's live-streaming platform, FanChain tokens can be paid to commentators who live-stream their own individual commentary for their own individual fanbase, giving television consumers the option to pick their favorite commentator.

As the FanChain token is the fuel that powers SportsCastr’s digital economy and user-rewards program, SportsCastr will act as a powerful on-ramp for new FanChain token adopters. SportsCastr will incentivize and reward its users — both content creators and engaged viewers —through a two-currency system. This two-currency system involves an In-App Currency, “Tix,” that mimics currencies commonly used in social games (e.g. FarmVille, Clash of Clans) and FanChain tokens, which are tokens built on the Ethereum blockchain.

FanChain ecosystem allows fans earn on the creation of unique content - each review, video on YouTube or broadcast from the scene are rewarded with tokens. Fans support their favorite teams, communicate, share opinions and receive income. The platform solves the problem of attracting new users to the community of sports fans - it's enough to register to get the latest broadcasts, comments, and offers about discounts on tickets.

FanChain matches the interests of all stakeholders including fans, leagues, and the media in some key areas as below:

· FANS GOALS PROVIDED TO SUPPORT YOUR FAVORITE TEAM: Fans get FanChain tokens to share news, and also comment and participate in your favorite team's social conversation (s). You as a Fan can use your FanChain token to purchase items, receive gifts, and access content from, for example, leagues, teams, and media platforms.

· LEAGUE AND TEAM CAN USE FANS IN NEW WAY: Teams and leagues can offer gifts and access to you as your fans are deeply involved with target holders, any machine tokens that are exemplified by the team, and can receive FanChain tokens for merchandise or access.

· MEDIA AND SPORTS PLATFORMS CAN INCREASE INCREASE OIL: Online publishers, OTT platforms and social networks can distribute FanChain tokens to encourage user-generated participation and content ("UGC") that can increase viewership, revenue, and adoption.

How Does the FanChain Platform Work?

FanChain allows you to bet on the outcome of sports events, advertise on the users' personal channels, and forecasts. Tokens of the system give a discount when buying products with the symbols of your favorite team, provide access to favorable prices for tickets, online broadcasts, as well as service for receiving bets. Developers identify four components of the platform.

Fan Wallet - a built-in electronic wallet for storing FunChain tokens, which allows you to distribute funds among dozens of favorite teams and support them before the start of important matches. For example, the user is a fan of the football team and buys tickets for the semi-finals for tokens with a 30% discount.
FanExchange - exchange to convert Stamped Tokens within the system. Each team represented on FanChain has its own kind of branded tokens stored in users' wallets. If a platform member starts rooting for another team - his tokens can be easily changed without leaving the platform.
FunPay - Payment service of the ecosystem, which helps you to pay for purchases in partner stores with tokens. For example, Bosco Russia is the official partner of the Olympic Games - FanChain users can buy their products for tokens.
FunPrizes - a platform, on which the most active participants of the platform receive prizes. For example, the user posted a broadcast of a tennis match, wrote a report on its results in the online media and received prize tokens from the team.

Token Details

· TOKEN NAME: FanChain
· TICKER: FANCY
· TOKEN TYPE: ERC20 with ERC721-style characteristics
· PAYMENT RECEIVED: ETH
· MAXIMUM TOKEN SOLD IN ICO: 330MM
· MAXIMUM TOKENS MINTED: 600MM
· TOKEN DISTRIBUTION: TBD
· DECIMAL: 4
· TOKEN LOCK-UP DATE: TBD

Token Allocation & Distribution

· MAXIMUM TOKEN SOLD TO PUBLIC: 330 MM (Including personal and pre-sales)
· CGP: 60MM Distributed Over 3 Years
· PIP: 60MM Distributed Over 3 Years
· BOUNTI: 18MM Distributed Over 3 Years
· BACKUP COMPANY: 120MM (Including founders, teams, advisors, and future employees)
· BUFFER: 12MM