FanChain: Platform to create a global decentralized sports entertainment ecosystem

https://www.qryptos.com/ico/FANZ

Cryptocurrency is a constantly changing asset in terms of value like other local currencies. However, the difference between local currency and cryptocurrency is that the latter only exists in the digital world and has an ever-increasing demand among online users worldwide. After recognizing the power cryptocurrency and growth potential in years to come, FanChain has built a platform to create a user-friendly decentralized global sports entertainment ecosystem to use it. The platform offers a variety of plans that can generate attractive returns every day. FanChain follows blockchain technology that ensures efficiency and maximum transparency.

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What is FanChain?

FanChain intends to create a decentralized global sports entertainment ecosystem that uses unique token platforms to stimulate and encourage active participation, content production and ecosystem growth. Using the SportsCastr platform, broadcast in real time, FanChain tokens can be paid to commentators who submit their own individual comments to their own amateur base, giving consumers the choice of television to choose their favorite commentator.

FanChain is the fuel that controls the digital economy, and the SportsCastr user program rewards users, SportsCastr will act as a powerful addition to new FanChain token followers. SportsCastr will provide incentives and rewards for its users - both creators and viewers - via a two-currency system. This two-currency system includes the In-App currency, "Tix", which simulates the common currency used in social games (eg, FarmVille, Clash of Clans) and FanChain tokens, which are markers made on the Ethereum block chain.

Problem

The problem with shifting from fans as passive consumers to active content manufacturers is that fans are not interested in teams (and for other fans). Although sports leagues secure record distribution transactions high and social networks generate billions of revenue from fans of user generated content has not been taken into account in the equation.

Solution

FanChain provides a framework in which sports are rewarded with the tokens they contribute, and creates feedback loops that incentivize the community to contribute to the social conversations they rely on for an optimal sporting experience. FanChain introduces the concept of "Mints," which is supported by DApp and which enables third-party entities to distribute FanChain tokens stamped with specific sports, league, or event teams

All users of the SportsCastr platform will be faced with an easy-to-use and very secure FanWallet interface. The wallet will allow users to send and receive FanChain tokens, convert FanChain token to Tix, and track their in-app earnings and purchases. Phase I of the digital goods economy of SportsCastr will enable viewers to reward announcers with digital tips in the form of emoji stickers and branded sports. Fans can use this digital item to tip their favorite users across the broadcast, getting a reply in return. Viewers who send the largest value of digital goods to fans' ratings boards to the broadcasters, gained fame and gained attention for their own stream (which is currently approaching $ 6 million per quarter in digital gift purchases, starting Q2 2017.10).

Economic Model of CRYPTO-SPORTSCASTR

The crypto-economic model of SportsCastr is designed to grow and support the growing FanChain ecosystem. This is achieved through the maintenance of Community Growth Pool and by offering incentives to partners to use SportsCastr (and Mints) using "Partner Incentive Pool".

What is CGP?

CGP stands for Community Growth Pool

Some tokens (10%) will be available for the community set. Community Growth Pool will facilitate early adoption of SportsCastr token, Mint and FanChain tokens. CGP will be released at 33% per year and will be fully distributed for the third year. CGP distribution is intended to provide incentives for content producers and users involved. Most CGP will be distributed algorithmically, with sections provided for leader's victory, incentives for users and competition in the community. Initially, the algorithmic section will be calculated daily based on CGP SportsCastr reward algorithm.

f (x) = total user activity / activity * every daily pool

CGP The result is initial users - content and content consumer manufacturers - receive FanChain tokens regardless of whether they're digital goods or attract premium customers to your channel. When other Mints join the FanChain ecosystem in the first three (3) years, the algorithm and gift set can be configured to use cases from different platforms.

What is PIP?

PIP means Part Part Incentive

Part of the FanChain token (10%), which will be stored in the partner incentive pool. The purpose of PIP - ensuring the success of ICO, to maintain token health and awards from key partners, including teams, leagues, and copyright holders, and media companies using SportsCastr, to Mint, to offer payment to FanChain token holders and integrate into FanChain ecosystems. PIP will be fully distributed by the end of the third year. At the end of the third year, any remaining tokens in the PIP will be transferred to CGP. Examples of PIP use include:

Secure marketing, public relations, and community partner management during the ICO phase.
Get live sporting events by SportsCastr (available for viewing using TIX or FanChain markers)
Give incentives to big partners to get FanChain, to Mint, or to integrate FanPay
Promote the use of SportsCastr SDK to partner OTT platform
Provide third party FanChain software development to enhance ecosystem
Interesting Influencers (athletes, celebrities) to use SportsCastr and generate audiences Bookmark FanChain
Provide sponsors to promote and market SportsCastr and FanChain
List of FanChain Effects
Create premium content.
Offer reward to FanChain token holder in FanPrizes.

Rician Token

TOKEN NAME: FanChain
TICKER: FANCY
TOKEN TYPE: ERC20 with ERC721-style characteristics
PAYMENT RECEIVED: ETH
MAXIMUM TOKEN SOLD IN ICO: 330MM
MAXIMUM TOKENS MINTED: 600MM
TOKEN DISTRIBUTION: TBD
DECIMAL: 4
TOKEN LOCK-UP DATE: TBD

Token Allocation & Distribution

MAXIMUM TOKEN SOLD TO PUBLIC: 330 MM (Including personal and pre-sales)
CGP: 60MM Distributed Over 3 Years
PIP: 60MM Distributed Over 3 Years
BOUNTI: 18MM Distributed Over 3 Years
BACKUP COMPANY: 120MM (Including founders, teams, advisors, and future employees)
BUFFER: 12MM