What is Sportcash One?
Sportcash One is a decentralized sports DeFi platform with an innovative ecosystem involving athletes, clubs, gamers, brands, and sponsors. SCOneX is the native token of the Sportcash One ecosystem. Sportcash One is a platform that enables sports clubs and athletes to launch and sell their own digital sports tokens. By enabling the sports industry to raise money by issuing tokens, Sportcash One effectively bridges the global sports market with the rapidly growing decentralized finance (DeFi) industry, giving sports fans the ability to finance and invest in their favorite teams and athletes, as well as buy sell, and trade voting rights for range of club decisions. The ecosystem boasts a Social sponsorship network with Fan engagement and Crowdfunding system, a Digital Wallet with a DEX exchange and Multivendor shop, where brands, shops, customers and athletes can participate together in our organic ecosystem. Companies use our products to fundraise, to reward their loyal customers and sell more products. Customers use the SCOneX coins to invest in rewards, discounts, or take advantage of exclusive deals. Tokenization allows fans to invest in their favorite junior-level players or clubs to support them in their ascension to the big leagues. The financialization of engagement provides a source of revenue helps develop more talent in a highly competitive industry. When a player is drafted and embarks on their career, the token value subsequently tracks their performance metrics – essentially a realworld video game character with corresponding equity for investors, speculators, patrons, and fans.
Sportcash One TAAS (Token as a Service) Sport tokens for clubs built on SportcashOne platform
Consideration of a “Sport” Token issued either by each club in a league or the league association itself will provide many additional benefits for both clubs and fans alike brining them together with a common interest in the business of the sport, while improving a number of inefficiencies and inter-related components that currently exist. Sportcash One provides clubs a new financing model, which involves token-design, issuing services, a Decentralized Exchange and a custom wallet.
The Sport token of every Club or Athlete will be tradable on the Sportcash One DEX exchange. Integrated in the Custom Wallet against its native LLC token, thus allowing the fans to vote over an upcoming mobile app. Via the platform, fans can respond to Clubs ballots, allowing supporters voices to be heard, and creating an emotional connection between the Club and its fans. Professional Sports continue to explode despite a global pandemic, naturally this opens up massive opportunities for tokenization and use of blockchain technology. We are already starting to see a number of clubs like Barcelona, Juventus, and Athletico Madrid partnering with blockchain companies. We are further encouraged by Leicester City’s deal with a cryptocurrency like system to reward fans. With clubs making key partnerships we will start to see them be rewarded from the many benefits of a consistently expanding $40Bn+ industry.
SconeX Token
SCOneX is a tradable token (non-reissuable) built on Waves Platform which will be accepted as a legitimate currency method on the SportCash One Platform.
SCOneX gives access to all their Platforms, products and services and if you pay with SconeX tokens instead of another currency you will get a discount/bonus.
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About Sportcash One
An innovative financial system for the Sports & E-sports industries that connects athletes, gamers, clubs, brands, fans and sponsors. Their platform creates a bridge between the global sports market and the rapidly growing DeFi ("decentralized finance") industry. Sportcash One gives fans and investors the ability to finance and invest in their favorite teams and athletes, as well as buy, sell and trade voting rights for a range of club decisions. To learn more about Sportcash One, please visit their website, follow their Twitter and join their Telegram.
