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SPORTYCO NEWS What is SportyCo?SportyCo is a decentralized sports investment & funding ecosystem.We will introduce a brand new industry of sports crowd micro-financing while providing athletes, clubs and sports organizations with macro-funding on their respective end.
Why?Professional sport today has a high entry barrier - both for athletes as well as for small investors.
SportyCo will remove these barriers and consequently change financing in the sports industry by deploying a blockchain-based financing platform. We will serve athletes, clubs and other sports organizations in raising the funds required to achieve athletic success by enabling a wider community to invest in sport, therefore disrupting the existing model for financing participants in this industry.
SportyCo Smart Manager PlatformSportyCo‘s Smart Manager Platform will enable
donations, detailed sponsorship smart contracts of various types, as well as complex investment smart contracts, where an athlete, a club or
any other sports organization will offer a long-term deal for a share of their future income or other revenue streams in exchange for an upfront investment.
An alpha version of the platform was available before the token crowdsale.
First investment campaigns are live: https://sportyco.net/.Blog post with some more info.SPF TokenSPF token is ERC 20 token. ERC20 defines a set of rules which need to be met in order for a token to be accepted and called as 'ERC20 Token'. The standard rules apply to all ERC20 Tokens since these rules are required to interact with each other on the Ethereum network. These tokens are blockchain assets that have value and can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other cryptocurrency.
The
SPF token will be the
primary means of transactions on our platform. It will be used both for investing in athletes (and crowdsourcing donations) as well as other transactions on the platform—which includes paid advertising, paid reach and other premium services offered. The SPF token will be
listed on several exchanges to integrate it into the wider crypto ecosystem.
The SportyCo (SPF) Token Crowdsale started on November 21. (ETH block: 4.595.138) and
ended on December 10 (ETH block: 4.780.120).
Crowdsale address- Bonus in the presale and in the first 72 hours of crowdsale was 10%. Afterward a 10% bonus applied only for contributions over 100 ETH.
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Additional bonus due to ETH price fluctuation was introduced for all participants of the crowdsale.
- Final rate ETH/SPF = 3704 (+ 10% bonus, if applied)
- The total number of ETH raised was
11,540.
- Unsold SPF Tokens - 129,326,547.02 SPF (up to 200 mil) have been burned.
- Total SPF Token supply is
70,673,453.98.
- 18% of all SPF Tokens, allocated for founders and team are locked for a period of one year.
- The circulating supply is therefore 50,466,991 SPF Tokens.
SportyCo Token Crowdsale Funds Allocation:Since we didn't collect more than $9 mil Professional fund won't start! We collected a bit over $5 mil - ETH price at that time was $441,64.
Up to USD 9 million contributed will represent SportyCo's operating capital. The funds will be used for the development and full deployment of the Smart Manager Platform, its optimization, growth, marketing and monetization phase.
TeamOur team combines
experts in sports platforms, professional athletes, scouts and trainers, communications and marketing experts, and a strong development team with over a decade of experience in setting up enterprise platforms. We also have a
legal & compliance team in place to support both investors and athletes.
We've also partnered with
Spartan Solutions a company, specialized in developing partial or full ecosystem for supporting blockchain based Cryptocurrencies.
Blog post with more infoAmong our ambassadors are several global superstars in their respective sports and also well-known names in blockchain space: - Roberto Carlos
- Ronaldinho Gaúcho
- Luís Figo
- Charlie Shrem
- Phillip Nunn
- Robby Schwertner aka CryptoRobbyAnd many more! Check whole team, advisors and endorsers
hereMeet the team on our website or talk with us on
Telegram chat!