Skip to main content

433TOKEN - Empowering 3 Billion Soccer Fans with Blockchain technology and Smart Contracts

INTRODUCTION
Sport is no longer a child's play, it keeps increasing and revolving globally, it has won lot of minds and hearts, attracting many personalities on daily basis, as each day breaks, new users joins, this implies that, sports is game that every one plays and would be nice that every one gets it right. In an era when many traditional football fans feel increasingly alienated from corporate ownership and commercial imperatives, sites of resistance are emerging whereby football fans seek to empower themselves and increase their influence.
On the one hand, football fans do not have a platform through which they can be involved in decision making, support or ownership of their team. The frustration among fans many times leads to riots & violence. On the other hand, a lot of football clubs fail to meet their annual budget obligations and feel like their professional and financial efforts are not being appreciated.
Meanwhile, blockchain technology is still in its infancy a lot of its characteristics seem valuable to increase the decision-making capabilities of fans in a transparent and fair way as well as provide the opportunity for clubs to raise funds at the same time. This alternative model could be a positive change in the current climate, where clubs are owned by foreign capital, often with interests that largely differ from those of the community around the club.

What exactly is 433TOKEN?
Football Legends Ltd. is a Hong Kong startup that specializes in blockchain technology. The company hopes to launch "433 Token" by applying blockchain technology and smart contracts to football. 433 Token to go The centralized form draws the distance between the superstar and the fans.
433 Token is a crypto token developed to create an ecosystem which will enable the integration of the blockchain technology with football. The prime objective behind the development of the 433 Token is to empower and enable football fans around the world with three main functions:
Sponsoring the star to nurture rookie players,
Participating on the star auction event,
Voted the venue of the football legend league game, star lineup, game form and so on.
Mission
By implementing Blockchain technology and Smart Contracts, 433 Token Ecosystem will bridge the gap between soccer superstars, youth talents and fans.
By decentralizing, it aspires to make the most popular sport on Earth more transparent, efficient and democratic.
Vision
By using 433 Token, everyone in the world can enjoy soccer like never before. He or she will be able to:
• participate in developing the next superstar,
• interact with superstars and legends, and
• have a say in important soccer decisions." 
The 433 Token Ecosystem will bring Blockchain technology and Smart Contracts to football, making the sport more transparent and efficient, while at the same time empowering fans with capabilities they could only dream of before. In doing this for the 3 billion football fans around the world, 433 Tokens will, in return, promote Blockchain technology and its acceptance all over the world.
How It Works?
433 has three major utilities which are: sponsoring mentorship, bidding on auctions and voting on games. Under sponsoring mentorship, a selected group of legendary soccer players form a “Fellowship of Legends”, where each Legend is a Principal in the Fellowship.
Principals then pick and mentor youth talents from different soccer academies, aged 16 to 18 years. Each principal is allowed to mentor, at any time, up to 5 youth talents. The principal then offers 433 Token holders around the world, with the opportunity to sponsor his mentoring, for a certain amount of 433 tokens through the Smart Contract.
Under bidding and auction utility, a principle holds auction for special events by personally participating and giving specific personal details. Each event then coined to a unique smart contract event token for auction. The highest bidder receives the event token and enjoys personal interaction with the principle. Other bidders get back their tokens and wait for the next available opportunity. Through the Smart Contract, the principle automatically collects the 433 tokens once his event obligations have been fulfilled. If not, the tokens are returned to the bidder.
When it comes to voting on games, 433 token holders are able to vote for the venue. The city that receives the most votes hosts the game. Through the Smart Contract, tokens voted for the winning city goes to GLS, to fund the game. The winning voters receive free video streaming of the game and are also given priority tickets. Other voters get back their tokens and wait for the next available opportunity.
Token and ICO Details
The 433 Token initiative is a ERC-20 token that runs on the Ethereum blockchain. At the core of the initiative is the virtual game, the “Global Legend Series,” where participants will be able to choose game venues and player rosters. They will also be given the chance to be mentored by “legends” and participate in sports memorabilia auctions.
There will be a total of 1 Billion 433 tokens, which is the maximum supply. 30% will be offered to the public at the upcoming token sale. 35% will go to reserve, 15% to the foundation, 10% will go to the founders, 7.5% to advisors, 1.5% to the development team and 1% to the bounty program.
The token standard is ERC-20, with the price of each token being US$0.09 / token, ETH accepted, a soft cap of US$4 million and a hard cap of US$27 million.
Soccer fans of all ages from all around the world can access and invest in 433 tokens, through the 433 Token official website. There will also be no betting and gambling utilities in the 433 Token Ecosystem. However, residents and citizens of the United States of America and The Peoples Republic of China are not eligible to participate or invest in the 433 token.
Token Name: 433 Token
Token Symbol: 433
Token Standard: ERC-20
Total Token Supply: 1 Billion
Number of Tokens to be Offered: 300 million (30% of total supply)
Price of Each Token: US$0.09
Accepted Currencies: ETH
Soft Cap: US$4 million
Hard Cap: US$27 million
Token Allocation
TIMELINE
TEAM


FOR MORE INFORMATION PLEASE VISIT THE LINKS BELOW;
Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409

Comments

Popular posts from this blog

REGO TOKEN (REGO) Strengthen the global real estate platform based on the blockchain

The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet. Fundamentally the rise in cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is REGO ABOUT REGO Rego is a real estate platform been developed for the global; digital market and would be powered by the blockchain technology of the next generation. It envisions providing access to real estate properties across the globe and providing opportunities for real estate that are below pa...

AMICORUM.LIVE

Amicorum.Live – это инновационная экосистема, которая была построена на технологии блокчейн. Многие профессионалы утверждают, что в дальнейшем она точно сможет подорвать и полностью децентрализовать рынки повторной продажи билетов. В этой статье я постараюсь изучить все особенности этой платформы и ознакомлю вас с основными ее преимуществами. Особенности проекта Если возникает необходимость приобрести билет на определенный концерт тогда порой можно столкнуться с множеством проблем. Покупать билеты по предварительной продаже достаточно сложно, так как везде есть мошенники. Платформа Amicorum.Live была разработана, чтобы избавить многих людей от подобных проблем. Вся внутренняя экономика в дальнейшем будет строиться именно на токенах AMI. С их помощью в дальнейшем будет осуществлена покупка, а также продажа билетов. Amicorum действительно является новой платформой для людей, которые любят музыку, театры, а также разнообразные выставки. Сама по себе платформа является крипт...

ENCRYBIT ICO OVERVIEW

The idea of cryptocurrency has evolved and transformed over the last decade and in response to this advancement, the market has witnessed the emergence of crypto exchanges pop up all around the world. The global cryptocurrency market started 2018 with a bang, hitting a record high of $700 billion in market capitalization. All signs point toward an increasingly large cryptocurrency exchange market as new crypto traders continue to join exchanges. With over 500 exchanges and growing to trade through, it’s become increasingly valuable to understand the key pieces of news and information which differentiates the sharks from the minnows. Here is the deal ENCRYBIT is revolutionizing cryptocurrency exchange which features enriched trading platform for modern and enhanced trading experience. ENCRYBIT EXCHANGE PLATFORM Encrybit is the first cryptocurrency exchange with a modern trading platform that sets it apart from the traditional style of exchanges available in the current mar...