FANCHAIN: Know Your Favorite Sports Team:

Francis Odinigwe

About FanChain Project:

Introduction:

The FanChain project plan is to create a unique global entertainment sports ecosystem based on the principles of decentralization. For the rapid deployment of the project was introduced a number of incentive schemes. FanChain is a platform for sports enthusiasts, created on the principles of decentralization. He realizes the old dream of many viewers - to earn a hobby, learn about his favorite sports team. Using the real-time SportsCastr platform, FanChain tokens can be paid for by commentators who transmit their own individual comments to their own amateur base, giving consumers the choice of television to choose their favorite commentator.

FanChain tokens use a unique combination of replaceable and non-interchangeable characteristics that allows team loyalty and affinity to be embedded in individual tokens, and which can be produced and sent by various platforms through the DAP "printing" system. The nature of a decentralized and open ecosystem allows for adoption by over-the-top online publishers, fantasy platforms, social networks, sports teams, leagues, platforms (stadiums), stadiums and arenas (OTT) both online and on location. By using the SportsCastr live streaming platform.

BRIEF HISTORY OF FANCHAIN:

The Sports Media Industry lags behind the curve when it comes to providing new innovative ways to engage their viewers. Sports fans produce unlimited value through content creation and sharing, but they are never valued for their work. Obviously, the role of fans as passive consumers is over.

THE PROBLEM:

The problem with the shift from fans is that they don't benefit from the value they make for their favorite team, and for other fans. Although sports leagues secure distribution of high distribution transactions, and social networks generate billions of revenue from user-generated content, fans have not been a factor in the equation. With all teams working together to achieve that goal.

VISION AND MISSION:

FanChain provides a framework where fans can use the sports ecosystem where they contribute. By giving to the community to contribute to social relationships for optimal sports experiences, reach audience is possible through personalized content for more niche markets. Through the contribution of quality content to sports ecosystems that can be carried out by users, which creates more incentives for the production of quality content.

FANCHAIN FEATURES:

a. Digital Goods:

Digital goods will allow viewers to reward sportscastr’s with FanChain tokens. Viewer can use these digital goods to tip their favorite contributors throughout a broadcast. Viewers who send the greatest value of digital goods climb the fan leaderboard for that SportsCastr, earning notoriety and garnering attention for their own streams.

b. Pay-per-View and Subscriptions:

Viewers will be able to use FanChain tokens to unlock pay-per-view (PPV) streams and other pay walled content. This premium content may include live sporting events, private chats, behind the scenes footage, or select user-generated-content that is not publicly available.

c. Fan-pay:

Apps, websites, media publishers and other entities will be able to easily accept FanChain tokens for goods, services and access by integrating a FanChain token payment gateway called Fan Pay. The software-plugin will allow third-parties to easily offer discounts or offers to holders of specific team tokens, both online and on-location.

d. Fan-exchange:

SportsCastr plans to develop a web-based trading exchange where users may exchange the stamped FanChain tokens of one team for FanChain tokens stamped with a different team. This will allow users to build a collection of stamped FanChain for their favorite teams while reducing tokens stamped with teams they have less allegiance to.

e. Fan-Wallet:

A wallet for web and mobile devices will be developed that will provide a visual breakdown of FanChain tokens by team, the ability for users to select and send team specific tokens, the ability for users to send specific stamped FanChain tokens to other users and to see and consume offers available to those who hold specifically stamped tokens.

f. Integrated SportsCastr:

All users of the SportsCastr platform will be exposed to an easy-to-use, highly-secure integrated Fan-Wallet. The wallet will allow users to send and receive FanChain tokens, convert FanChain tokens to Tix, and track their in-app earnings and purchases… all from within a single app.

HOW FANCHAIN PLATFROM WORKS?

FanChain is very easy and simple.

Let's assume you are an ardent fan of any basketball team. By registering on FanChain you have a great opportunity to show all your love and attention to this sport and your favorite team, creating their own unique content or comment. You can be rewarded with FanChain tokens for your activity. The more active your position, the more coins you can earn. The tokens earned in this way can be exchanged for any sporting goods of your favorite team, an autograph, a name t-shirt or any other product available in the online store.

BENEFITS OF FANCHAIN PLATFORM:

a. FanChain will first be integrated into the SportsCastr platform, allowing users to pay for premium subscriptions and access exclusive content. FanChain corporate SDK will integrate its technologies with online publications, fantastic sports, social networks, sports teams, leagues and stadiums.

b. A simple and easy-to-use Fan Wallet interface will be provided for each user. The wallet will provide for each participant the opportunity to send, as well as receive FanChain tokens, convert FanChain tokens to Tix, as well as keep control over income and expenses in the application.

c. FanChain can act as a bridge between existing sporting characteristics that currently do not have the ability to interact with each other.

d. The presence of its own currency, which was created specifically for the global sports market. This allows SportsCastr and other FanChain ecosystem members to reward fans for creating value for their favorite teams and allows brands and organizations to navigate and reward their most passionate fans. Users will be able to exchange their tokens for rewards, prizes and access, including subscriptions to premium channels and content, digital products and sports memorabilia for teams and leagues they follow.

e. Opportunity to comment on fans' comments, which will be integrated directly into sports broadcasts through SportsCastr, opening doors for incentives and Cryptocurrency-based solutions.

FANCHAIN ECOSYSTEM:

The FanChain ecosystem typically begins with the user creating some form of content on a User-Generated Content (UGC) platform that is approved to become a Mint. Once approved as a Mint, the platform will have the capability to categorize content and stamp the token by team or league. In return, the user receives FanChain tokens stamped with the team or league. Fans creating the value or content, therefore, are guaranteed to receive only those tokens that targeted to their specific team or league. Token balances and breakdown of stamps associated with the tokens then show up on FanChain token-compatible wallets, moving third-parties to offer privileges and exciting deals to token holders.

FanChain also plans to have an exchange platform, Fan-Exchange, allowing token holders to exchange stamped tokens of one team with stamped tokens of another team. The end result of this is to increase the user’s supply of stamped tokens of his/her favorite team, and consequently reduce the number of the stamped tokens of the team less favored.

There are plans, too, to introduce a payment gateway, Fan-Pay, and to develop a plugin that can easily be integrated into apps and websites, enabling them to accept FanChain tokens (FANZ) for any item or service. The plugin will be initially integrated and tested on FanPrizes.com, a website that will feature rewards and prizes redeemable for FanChain tokens. FanChain employs a sustainable business model, capitalizing on the billions of sports fans around the globe and the necessity to provide them a highly rewarding and engaging viewing experience.

FANCHAIN TOKEN DETAILS:

FANZ is a token released on the Ethereum Blockchain in the ERC20 standard, but with additional ERC721 functionality. This is done so that the tokens can be divided into specific categories and supplied with digital stamps. FANZ tokens can be stored in any ERC20 wallet, but their special properties will only be visible in a wallet that is compatible with the FanChain platform. A total of 600 million tokens will be issued, 330 million of which are planned to be sold within the framework of ICO.

Token Name: FanChain

Ticker: FANZ

Token Type: ERC20 with ERC721-style characteristics

Maximum Tokens Sold in ICO: 330MM

Maximum Tokens Minted: 600MM

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