FANCHAIN - powered by sportscastr

ranjeet54 (6)in #blockchain • 6 years ago (edited)

Introduction

FanChain is decentralized platform based on blockchain technology which is specially designed to make every fans, social networks, fantasy systems and publishers in one single line because it wanted to promote spots in good and different way than earlier. Fanchain is mainly developed by sportscastr to work with sports on its platform, this platform can going to help fans to create their value as compared to old one and also it can pay for per view of the game.

FanChain Objective

The FanChain objective is it wanted to Revolutionise the way of sports and about people think of that, make interested people, fans, teams, athletes, leagues and Media entities in one single line to take utilisation of the fanchain tokens. Fanchain token has a unique feature that is fungible and nonfungible means it can be replaceable with any other identical items.

Existing Problems

In the existing situation the fans are only a way to make more revenue for social media and right now Social media is doing that one only. How means fans are totally rely on the social media if they wanted to see commentry, news and any updates about spots they can blindly go with social media. Mainly fans are encourage their favourite teams and leagues but they are not getting any kind of benefits. All benefits and creates are taking a middle man means a media.

FanChain solutions

To solve the existing problem and give a suitable solution fanchain is providing fanchain tokens as reward to their fans. Fans can use that tokens within the sports platform or ecosystem. Fans can use these tokens wherever they want and also use to give feedback about the sports. Fanchain has one main feature that means fanchain has created decentralized applications that is called mints which can help fans and also allows third parties to give fanchain tokens for specific teams and leagues with specific stamps.

Here fans can get tokens by sharing their favourite teams news in a social media and support them after getting the tokens people can use tokens to purchase anything they wanted.

Here Social media, teams and leagues are giving reward to their fans because of their support. Social media can offer fanchain tokens as a reward because in the social media lots of news spread immediately that's why they want to take advantage of that thing spread news of about their favourite sports and in return get rewards and also fans can use that reward or tokens for buying anything.

FanChain developed wallet for their users. user can able send tokens and receive tokens using this wallet.

Use of FanChain

FanChain tokens can be used to purchase the game tickets for teams and leagues.

People can able to sell these tokens for merchandise or vendors or they can trade on exchanges.

FanChain can be used to betting on platforms.

To help users fanchain is creating fanchain exchange their users can exchange stamped fanchain tokens with different teams and support them.

FanChain Token Details

Token name : fanchain

Token ticker : FANZ

Platform : ETH

Token type : ERC 20 with ERC 721 style characteristics

Maximum supply : 600MM

FanChain is usually ERC20 based token but it is using ERC721 features and that characteristics to develop platform more efficient in doing the payments. Fanchain can convert fungible tokens into nonfungible.