LIBEREUM: PROMOTING CRYPTOCURRENCY ADOPTION BY INTEGRATING BLOCKHAIN INTO THE SPORTS INDUSTRY

Hello and welcome to another article on a trending blockchain project called Libereum. There are many blockchain projects tackling different sector of various industry. We have blockchain projects handling the shipping industry like Blockshipping, there are many in the transport industry like the likes of smart containers and Redcab especially Redcab which hopes to compete with Uber. The sports industry is not left out as many blockchain projects are gradually moving towards that trend. Of course starting of the sport betting and many of them. But Libereum blockchain project is quite unique and massive with strategic roadmaps that will revolutionize the sports industry. Currently, every ICO are having an extended sales within this period, this is based on the market signals and lots of upgrades and policies to push the cryptomarket to a new phase be the beginning of next year. One of the most effective strategy to stabilize the crypto market and get every key players and crypto projects to a sustainable phase is by focusing on creating brands and increase adoption cryptocurrencies by launching ICOs that cuts across every industry. With this strategy, crypto currency and tokens will most likely hit every part of the world and gain more traction by at least 40% of the world’s population. This is one of the roles Libereum is playing in the industry as they work on providing a cryptocurrency and token of value that will become a standard in the sports industry. This article shall consider the current prospect and challenges in the sports industry, the Liberuem blockchain solution and architecture.

The Sports Industry Prospect and Current Challenges

The world’s sports industry is worth over USD$500 billion with football having most of the share in this revenue. Statistic have shown that football is the mostly watched sports all over the world compared with other sports like tennis, basketball, cricket, golf, etc. The football sector of sports industry will shake the world in the future in terms of revenue generation. The players are worth millions of pounds and many nations a creating their own league to also benefit from this industry. No wonder China is promoting its own league by buying big players allow over the world to improve the acceptance of their league worldwide because of the huge revenue prospect in the industry. We have UEFA Cup, Champions League, La-Liga, Europa Cup, World cup and list can go. England is the major key beneficiary from football and has made lots of revenue from football because of its level of promoting their leagues and their players compared to other countries. Brand like Redbull has tapped into this industry by buying two clubs in the Europe.

There are many lapses in the football industry and the current speculation of its worth is less than its true worth and revenue if all these gaps are closed out. Challenges from promotion, partnership, tickets, and fans has been identified in the industry. Majority of fans and supporters from other countries are limited in terms of the pledging for their support through the purchase of clubs original wares and brands like Jerseys, badges and flags. Most of these supports are limited by the high exchange rate between their currency and the acceptable currencies on this platforms. Investors and partners’ participation sometimes are limited by financial policies by virtue of the geographical location. There is a maximum amount a partners can transfer to club as partner because of certain country financial policies. If all these were to be decentralized and designed to be operated on a blockchain it would be safer and convenient thereby ensuring global participation of everyone irrespective of location and country. This is one of the reason Libereum project is a unique open as it is going to serve a s platform for fans, partners, promoters club managers, players, etc. to participate using their token and eliminate the bottle necks of foreign financial policies and irregular currency exchange affecting their value of transactions and contributions.

The Libereum Blockchain Solution and its Architecture

The blockchain is one of the greatest technology that have decentralized many industrial sector and forms the framework development of the Libereum platform. Football fans and supporters can register on the Libereum blockchain platform. Setup their account and wallet on the platform and acquire Libereum token using fiat currency or Ethereum. Its first step is to acquire one European club and introduce Libereum as fan mode of payment to buy accessories like T-shirts, Jerseys, badges, flags and other club related Libereum owned club sports gadgets. Partners, sponsors will participate in club activities using Libereum tokens. Players transfer will be don using Libereum token via smart contract on the blockchain. From optional use of Libereum by football fans, supporters, sponsors, partners to a compulsory use when Libereum must have acquired many clubs all over the world in every league and part of the world. Gradually it will become a mean of transaction in the football sector.

The Libereum blockchain project will allow for global participation of football investors and key players all over the world without judicial restrictions based on the geographical location. This is allow for further adoption of Libereum in every region of the world push its adoption to at least 2% of the world’s population. The blockchain project will mitigate against sharp practices by clubs in players transfer and payment since the smart contract shall be the medium for engaging in contracts between club managers. Partners and sponsors abide by rules of contracts on the blockchain since it is automated once any party completes the condition of the contract. The equivalent amount of token is transferred to their wallet

Libereum Token and its sale

Libereum blockchain project is a huge one and in order to cover significant milestones in their roadmap. It has minted a total of 100million LIBER tokens with 50% set aside for pre-sale and ICO. From the project analysis, it has set a softcap of 6,000,000 USD. The current price is 0.90 USD per LIBER Token, with a minimum purchase of 5000 tokens and a maximum of 1,000,000 per person. This token price varies at different ICO round of token sales and will continue to increase as more tokens are sold out. This Libereum token will serve as the cryptocurrency and utility token on the Libereum blockchain and can be traded on cryptocurrency exchanges that enlist it after the ICO round of sales.

To learn more about Libereum and their token sales, please visit the links below.

Website : https://www.libereum.io/
Whitepaper : https://www.libereum.io/files/libereum_whitepaper_en.pdf
Telegram : https://t.me/libereum
Twitter : https://twitter.com/Libereum
Facebook : https://fb.me/libereum
Steemit : https://steemit.com/@libereum
Linkedin : https://www.linkedin.com/company/libereum/
Instagram : https://instagram.com/libereum
ANN thread : https://bitcointalk.org/index.php?topic=4943567.0

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Username: Finixfly
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