FanChain-HYBRID FUNGIBLE/NON-FUNGIBLE CRYPTOCURRENCY WITHIN A DECENTRALIZED SPORTS ECOSYSTEM
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Introducing FANCHAIN by SportsCastr ,FanChain is developed by SportsCastr for use on its platform and on other affiliated sports platforms or venues in which fans create value. SportsCastr’s FanChain ecosystem will include blockchain-powered digital goods, tips, premium subscriptions, and pay-per-view (“PPV”) functionality and an enterprise-grade SDK that will allow its technology to be integrated into existing OTT systems.
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
WAYS TO USE FANZ
TICKETS
Purchase game tickets from leagues, teams and ticket vendors that integrate FanPay.
MERCHANDISE
Trade FANZ for sports merchandise on FanPrizes.com or from online shops that add support.
ACCESS
Unlock pay-per-view subscriptions and premium content within SportsCastr and OTT platforms.
TIPPING
Send virtual tips to your favorite broadcasters and athletes right on SportsCastr.
BETTING
Use FANZ to get in on the action on betting platforms that join the FanChain ecosystem.
ACCESS
Unlock pay-per-view subscriptions and premium content within SportsCastr and OTT platforms.
FANTASY
Access fantasy streams on SportsCastr, and join teams and more as fantasy networks join the the network.
THE FANCHAIN ECOSYSTEM
The core FanChain ecosystem consists of FanChain tokens, Mints, the FanWallet, FanExchange and FanPay.
In simplest terms, FanChain works as follows:
1. A user creates content, or some other value, for a specific sport, team(s), game, league or related event on a UGC platform that is approved to be a Mint.
2. The user receives FanChain tokens containing metadata that are “stamped” with the team(s), league(s) or sporting event that the user created content or value for as a reward.
3. 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.
4. This results in content/value-producers being rewarded with FanChain tokens that are unique to their favorite sports, teams, leagues (or other sports-related event).
5. 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.
SPORTSCASTR - THE MASTER MINT
The first Mint and the first platform to use FanChain tokens is SportsCastr. SportsCastr is an open, ultra low-latency live video platform that personalizes the fan experience by allowing the global sports population to choose who calls the game for them — or calls the game themselves. SportsCastr’s ecosystem includes a responsive web platform, mobile application and SDK that can integrate into existing OTT platforms.
THE 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, 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
SPORTSCASTR’S CRYPTO-ECONOMIC MODEL
SportsCastr’s crypto-economic model is designed to grow and support a thriving FanChain ecosystem. This is achieved through maintaining a Community Growth Pool and by offering partners incentives to utilize SportsCastr (and Mints) using the “Partner Incentive Pool.”
KEY TAKEAWAYS
• One of the first sports-focused user generated live streaming video platforms, customized specifically for sports broadcasting, news and commentary including real-time scoreboard integration and professionally designed dynamic graphical overlays \
• Industry trends favor live streaming and second screen solutions. Platform can be integrated with OTT services, which is in alignment with shifting market trends and viewing consumption
• High-profile, accomplished team with extensive experience building and growing sports media companies, supported by top-name industry investors and partners
• In-app purchase (“IAP”) (blockchain-based digital goods, a la carte PPV) and subscription-based revenue model proven on other live streaming platforms
• At least one major partnership with a major sports entity will be announced soon
FANCHAIN TOKEN
FanChain tokens are used to reward users in the FanChain ecosystem. They are ERC20 compliant. The FanChain token itself is unique, however, because it utilizes concepts from the ERC721 standard that allows for fungibility with non-fungible token characteristics
TOKEN SUMMARY
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
USE OF FUNDS
Proceeds from the ICO will be used to develop the SportsCastr FanChain ecosystem including acquiring media rights to broadcast live sporting events, premium content production, rewards for token holders (FanPrizes), platform development, operating expenses, marketing and legal. The final breakdown of fund allocation will ultimately be determined by final amount raised, timing and other market and regulatory conditions
ROADMAP
TEAM
For more information visit:
Website https://www.sportscastr.com/
ANN Thread https://bitcointalk.org/index.php?topic=4423520
Twitter https://www.twitter.com/sportscastrlive
Facebook https://www.facebook.com/sportscastr
My BitCointalk profile: https://bitcointalk.org/index.php?action=profile;u=2293100
My ETH Address: 0xEE5E677832A32f9aCf1381B05ec7f2160550c0f2