FanChain ICO Review

December 05, 2018

FanChain ICO Review

Hello my favorite subscribers! Today we will talk about a very technological and interesting platform, Fanchain, that is all set to fuel a decentralized sports entertainment ecosystem to meet the unique needs of the global sports market.

The FanChain token 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. 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.

Problem

Issues with Fans Who change content content As a user using the pit Value used to save people (and other Fans). Sports League Early Distribution Distribution is more than a Content-Generating user, but Unclaimed Fans are Considered to Early Similarities.

Solution Provided

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.

FANCHAIN ECOSYSTEM

The core FanChain ecosystem consists of FanChain tokens, Mints, the FanWallet, FanExchange and FanPay. In simplest terms, FanChain works as follows:

A user creates content, or some other value, for a specific sport, team, game, league or related event on a UGC platform that is approved to be a Mint.

The user receives FanChain tokens containing metadata that are “stamped” with the team, league or sporting event that the user created content or value for as a reward.

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.

This results in content/value-producers being rewarded with FanChain tokens that are unique to their favorite sports, teams, leagues

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.

FANCHAIN FEATURES

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.

Benefits of FanChain

FanChain will be first integrated into the SportsCastr platform, allowing users to pay premium subscriptions and access exclusive content. The corporate SDK from FanChain will allow integrating its technologies with online publications, fantastic sports, social networks, sports teams, leagues and stadiums.
For each user will be given a simple and easy-to-use interface FanWallet. The wallet will provide an opportunity for each participant to send, receive FanChain tokens, convert the FanChain token in Tix, and monitor revenue and expenses in the application.
FanChain can act as a bridge between existing sports characteristics, which currently do not have the ability to interact with each other.
Presence of its own currency, which was created specifically for the world sports market. What allows SportsCastr and other members of the FanChain ecosystem to reward fans for creating value for their favorite teams and allows brands and organizations to navigate and reward their most passionate fans. Users will be able to exchange their tokens for rewards, prizes and access, including subscriptions to premium channels and content, digital products and sports memorabilia for the teams and leagues that they follow.
Ability to comment on fans' comments, which will be integrated directly into sports broadcasts via SportsCastr, opening the door for incentives and solutions based on crypto currency.

Token Information:

ICO/Token Details

Whitelist: 1 Jun 2018 - 30 Sep 2018

Pre Sale: 30 Jun 2018 - 30 Jul 2018 (0.1 Usd = 1.0 Fanz)

Public Sale: 1 Sep 2018 - 1 Oct 2018 (0.25 Usd = 1.0 Fanz)

Ticker: FANZ

Platform: Ethereum

Country: Cayman Islands

Accepting: ETH

Total Tokens: 600,000,000

Available For Sale: 50%

Restrictions: United States (Total Restriction)