CRYPTOKID: FanChain by SportsCastr Video Streaming Platform

Sport industry is a market in which people, activities, business, and organizations involved in producing, facilitating, promoting, or organizing any activity, experience, or business enterprise focused on sports.

The sports market is expected to reach $73.5 billion by 2019. The biggest reason for such growth is projected increases in revenue derived from media rights deals, which is predicted to surpass gate revenues as the sports industry's largest segment.

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.

Here is where SportCastr comes into play. Found online at https://www.sportscastr.com, SportsCastr aims to solve the problem trough the creation of FanChain.

About Sportcastr

SportsCastr is a live streaming company that allows anyone to become a color commentator, and enables viewers to select which sportscaster they wish to have call, recap or make predictions on a game. SportsCastr is both a second-screen experience and a first-screen social OTT platform. SGI MB are the Company’s lead investors.

SpoortsCastr platform provides several features, include in:

Studio-quality graphics
Real-time scoreboards
Virtual reality integrations
Fast delivery.

SportsCastr has announced FanChain, a cryptocurrency designed for the multi-billion dollar global sports market. FanChain will power a decentralized sports entertainment ecosystem that rewards fans for producing content, including live color commentary on sporting events.

About FanChain

The FanChain cryptocurrency leverages a unique combination of fungible and non-fungible characteristics that enable team loyalty and affinity to be embedded within individual tokens, and which can be produced and transmitted across multiple platforms via a DApp-powered “minting” system. The decentralized and open-nature of the ecosystem allows it to be adopted by online publishers, fantasy platforms, social networks, sports teams, leagues, over-the-top (“OTT”) platforms, stadiums, and arenas — both online and on-location. FanChain is developed by SportsCastr for use on its platform and on other affiliated sports platforms or venues in which fans create value.

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.

FanChain aligns the interests of all stakeholders including fans, leagues, and media in several key areas:

Fans Are Rewarded For Supporting Their Favorite Teams

Fans earn FanChain tokens for sharing news, providing commentary and participating in the social conversation of their favorite team(s). Fans can then use their FanChain tokens to purchase goods, receive rewards, and access content from, for example, leagues, teams and media platforms.

Leagues And Teams Can Engage Fans In New Ways

Teams and leagues can offer rewards and access to their most engaged fans by targeting holders of their respective team-stamped FanChain tokens, and can accept FanChain tokens for merchandise or access.

Media And Sports Platforms Can Increase Fan Engagement

Online publishers, OTT platforms and social networks can distribute FanChain tokens to encourage participation and user-generated-content (“UGC”) that increases viewership, revenue and adoption.

The FanChain Ecosystem

FanChain ecosystem including all of the following:

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.

PAY-PER-VIEW AND SUBSCRIPTIONS

Viewers will be able to use FanChain tokens to unlock pay-per-view (“PPV”) streams and other paywalled 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.

FANPAY

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 “FanPay”. The software-plugin will allow third-parties to easily offer discounts or offers to holders of specific team tokens, both online and on-location.

FANEXCHANGE

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.

FANWALLET

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.

INTEGRATED SPORTSCASTR

All users of the SportsCastr platform will be exposed to an easy-to-use, highly-secure integrated FanWallet. 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.

FanChain (FANZ) Token

FanChain tokens are based on the ERC20 standard but also adopts ERC721-style features when they are distributed or accepted within the FanChain ecosystem (including any wallet that adds support for FanChain DApp.)

The FanChain private sale will be hosted on QRYPTOS, a cryptocurrency exchange operated by global fintech company QUOINE. Interested contributors will need to create an account on QRYPTOS and pass KYC to participate in the FanChain private sale. More information can be found in the FanChain private sale portal.

By conducting the private sale on QRYPTOS, FanChain will have access to hundreds of thousands of QRYPTOS’s existing users. Existing users who qualify for the private pre-sale will be eligible to purchase FanChain tokens at a special rate.

To unlock details to the private pre-sale, interested contributors must have a verified account on QRYPTOS with an account balance equivalent to at least $1,000.00 USD in BTC, ETH, BCH or QASH. For more information, visit https://qryptos.com/ico/fanz. The private sale on QRYPTOS will not be offered or sold to persons located in the United States or any jurisdiction where the sale of FanChain Tokens is not permitted by law.