433TOKEN
INTRODUCTION
Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.
Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.
As more technological advancements are uncovered, 433 Token, a crypto token developed to create an ecosystem which will enable the integration of the blockchain technology with football came on board.
ADVANTAGES OF BLOCKCHAIN IMPLEMENTATION
Decentralized Payment Processing
The payment processing framework for global commerce is based on a centralized system which requires the services of third-party authenticators. These third-party agents are responsible for ensuring the fidelity of the global payments system and they charge fees for their services. One of the fundamental philosophies behind the operation of the blockchain is the removal of these third-party agents and their associated cost of trust and replacing them with a robust, functioning distributed ledger payment framework.
Creating an Immutable System of Record
The blockchain is the first successful implementation of the distributed ledger framework. On public blockchains, the distributed ledger constitutes an immutable system of records that is available to all participants. The immutability of a blockchain ensures that it is tamper-proof.
Reducing Cost of Transaction
Payment processing remains the basic level of commerce but it is one that has not seen much in the way of evolution since the emergence of fintech protocols. Blockchain technology has the potential to disrupt commerce by causing a paradigm shift in the mechanism by which transactions are carried out. The fees charged by third-party actors and middlemen in the payment chain constitute a considerable portion of the cost of transactions. By eliminating the middlemen, the cost of transaction is materially diminished.
Enhanced Security
Operating on a multinational scale opens up any enterprise to the activities of hackers looking to breach the structural and functional integrity of the platform. Blockchain technology offers a robust security framework that makes it difficult for hackers to make an incursion into the platform. There is no central point of failure and hence no single point of entry for malicious digital attacks. This ensures the safety and security of the data collected by field agents and the payment processing network. that provides an accurate accounting for the entire platform.
Many traditional football fans feel increasingly alienated from corporate ownership and commercial necessity, a resistance site emerges where football fans try to empower themselves and increase their influence.
On the one hand, soccer fans do not have a platform where they can be involved in decision making, support or ownership of their team. Frustration among fans repeatedly caused riots and violence. On the other hand, many football clubs fail to meet their annual budget obligations and feel like their professional and financial efforts are not valued.
Blockchain and cryptocurrencies are one of the hottest and most discussed topics on our planet. While we are still waiting for the ultimate breakthrough and mass market penetration, we get exposed to a variety of startups and potential use cases for almost every industry and once again the sports industry seems to be a late adopter, with no significant news or success stories but that changed quite recently. With the implementation of 433 Token, creating an ecosystem where Blockchain technology has been incorporated into soccer, in order to make the sport more transparent, secure and scalable, while at the same time bridging the gap between the soccer superstars and their fans.
On the one hand, soccer fans do not have a platform where they can be involved in decision making, support or ownership of their team. Frustration among fans repeatedly caused riots and violence. On the other hand, many football clubs fail to meet their annual budget obligations and feel like their professional and financial efforts are not valued.
Blockchain and cryptocurrencies are one of the hottest and most discussed topics on our planet. While we are still waiting for the ultimate breakthrough and mass market penetration, we get exposed to a variety of startups and potential use cases for almost every industry and once again the sports industry seems to be a late adopter, with no significant news or success stories but that changed quite recently. With the implementation of 433 Token, creating an ecosystem where Blockchain technology has been incorporated into soccer, in order to make the sport more transparent, secure and scalable, while at the same time bridging the gap between the soccer superstars and their fans.
ABOUT 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.
“The 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.
The 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 Mission and Vision quotes were gotten from the 433Token Whitepaper – https://433token.io/media/docs/433token_whitepaper_en_v11_K2389lc.pdf)
You can take a sneak pick
About The Ecosystem
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.
433 Tokens, designed as a ERC-20 token with its DApps and Ecosystem to be run on the Ethereum platform, available for football fans of all ages without any provision for betting or gambling. The 433 Token will allow fans to help in the development of the next football star, interact with the legends of the game, also have a say in the things that matter on the field.
433 Tokens will allow the people around the world to sponsor the mentors, the current legends, to search for the next star in the game. This cryptocurrency will also allow the investors to bid on events, which will reward them with a chance to have a special moment with the legends themselves, whether it is a simple lunch or a Fans vs Legends football match. The 433 Token will allow the investors to vote for the events and the venues at which star-studded Global Legends Series exhibition games will take place. All the above will be done through blockchain technology, allowing transparency, security, and scalability.
433 Token has been developed by Soccer Legends Limited, a company co-founded by entrepreneurs Jason Sze and Raymond Wong. Other members of the team include Dr. Wailok Tam, Alex Fong, and Anthony Huang, all serving key roles in the company. There are nine advisors on board as well, along with football legends like Andriy Shevchenko and Paul Scholes, who have signed up to be mentors to the upcoming stars.
How The 433Token Platform 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 Sale 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 Details
Token Ticker: 433
Platform: Ethereum
Type: ERC20
Total Token Supply: 1.000.000.000
Tokens for sale: 300,000,000
Acceptable currencies: ETH
Token price: 1 Token = US$0.09
300 million (30% of total supply)
The price of each Token is US $ 0.09
Currency Received by ETH
Soft Cap of US $ 4 million
Hard Cap of US $ 27 million
Token Distribution
ROADMAP
The Minimum Viable Product (MVP) will be the Voting module (venue-voting portion).
It is planned to be launched in 2nd Quarter 2019
A fully functional 433 Token Ecosystem is planned in 1st Quarter 2020
2014 – Q4 GLS Game Bangkok
2016 -Q1 Launch of GLS Academy, Q2 GLS Game Las Vegas
2017 – Q2 Conceptualization of 433 Ecosystem, Q3 GLS formed Strategic partnership with 433 Token founders – Q4 Project research, planning, recruitment
2018 – Q2 Andriy Shevchenko officially joined 433, Q3 Launching of 433 Token Whitepaper and Website, Q3 Paul Scholes officially joined 433, Q4 More Legends join 433, Q4 3-Phase Development of 433 Token Ecosystem
2019 – Q1 Alpha testing, Q2 Minimum Viable Product (MVP) launch, Q4 Beta Testing
2020 – Q1 Fully functioning 433 Token Ecosystem, Even more Legends join 433
NOTE: This article is just a guide to prospective clients, investors and every person scorching for a slice of this amazing project,
You can get more information about these project with huge potential by following the link below:
Website : https://433token.io/
Facebook : https://www.facebook.com/433token/
Telegram : https://t.me/fourthreethreetoken
Instagram : https://www.instagram.com/433token/
Twitter : https://twitter.com/433Token
Reddit : https://www.reddit.com/user/433token
PUBLISHER
bayo88
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2407711
Comments
Post a Comment