FanChain - Cryptocurrency for SportsCastr

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ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
After my research, I found this project in which I really put my faith: FANCHAIN . Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.
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FanChain is a cryptocurrency created specifically for sports fans, athletes, teams, leagues and sports media. Backed by sports legends and powerhouses including NBA Commissioner Emeritus David Stern & more, Fanchain is designed to fuel a decentralized sports entertainment ecosystem to meet the unique needs of the global sports market. 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.
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.
SOLUTION FANCHAIN OFFERS
FanChain provides a framework in which fans are rewarded with a token that can be used within the sports ecosystem to which they contribute, and creates a feedback loop that incentivizes the community to contribute to the social conversation that they rely on for an optimal sports experience. FanChain introduces the concept of “Mints,” which are powered by a DApp and which allows third-party entities to distribute FanChain tokens that are stamped with a specific sports team, league or event.
SPORTSCASTR PLATFORM
The SportsCastr platform allows viewers to select which broadcaster they wish to have call, recap or make predictions on a game. Streams are enhanced by features such as broadcast quality scoreboards that update in real-time and on-air motion graphics that simulate a professional, live studio experience. SportsCastr is designed to encourage users to chat and interact with the broadcaster and other viewers during a live broadcast. SportsCastr supports a multitude of user types — fans, athletes, sports reporters, and families, students — to live stream during games, share reactions and create original commentary. Following a simple signup process, users can go live in a matter of seconds — instantly notifying their fans via push notifications — and communicate and share the broadcast with viewers and followers across social media. SportsCastr is designed to be a second-screen experience, a first-screen experience, and integrated into existing OTT offerings.
FanChain Ecosystem
The core FanChain ecosystem consists of FanChain tokens, Mints, the FanWallet, FanExchange and FanPay. In simplest terms, FanChain works as follows:
A user creates content, or some other value, for a specific sport, team, game, league or related event on a UGC platform that is approved to be a Mint.
The user receives FanChain tokens containing metadata that are “stamped” with the team, league or sporting event that the user created content or value for as a reward.
FanChain token compatible wallets will show a user’s total balance of FanChain tokens, and additionally provide a visual breakdown of the stamps that are associated with their tokens.
This results in content/value-producers being rewarded with FanChain tokens that are unique to their favorite sports, teams, leagues
Third-parties can then offer special discounts, access, digital goods, promotions and features to FanChain users who hold a certain number of stamped tokens of a particular team, league, or other sport related events and organizations.
FEATURES OF FANCHAIN 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.
WHY FANCHAIN?
ANY DEVICE, ANYWHERE
When you're ready to stream, just download the app or run it directly on your laptop or desktop computer.
MAKE YOUR OWN LINE CODE
SportsCastr will instantly send you a notification that lets you watch with one swipe. Can not watch live stream? Visit channel announcers anytime to pursue an action.
EXPERIENCE THE GAME TOGETHER
Regardless of where you are, you no longer have to be in the same room to enjoy the game with fans like you.
FASTEST LIVE-VIDEO PLATFORM
The ultra-fast delivery from SportsCastr makes it the lowest-latency live-video platform out there *, resulting in an ideal second-screen experience while watching games at home or from the bench.
DIRECT SCORES, NO STUDIO IS REQUIRED
SportsCastr offers real-time game scoreboards from NFL, NBA, NHL, MLB, CFB, CBB, and even EPL and WNBA.
LIKE LIKE PRO
All elements in SportsCastr can be clicked and interactive, allowing viewers to engage with you and your broadcast in unprecedented ways.
TOKEN AND ICO DETAILS
TOKEN NAME: FanChain
TICKER: FANZ
TOKEN TYPE: ERC20 with ERC721-style characteristics
PAYMENTS ACCEPTED: ETH
MAXIMUM TOKENS SOLD IN ICO: 330MM
MAXIMUM TOKENS MINTED: 600MM
TOKEN DISTRIBUTION: TBD
DECIMALS: 4
TOKEN LOCK-UP DATE: TBD
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ROADMAP AND DEVELOPMENT PERSPECTIVE
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Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
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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. Be a part of this tremendous project and follow these links for more information;
Author
nugezmils

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