LFE, the way to buy equity shares of your football team

I am an FC Bari 1908 supporter and some days ago, news media go out with a news on an important agreement between my supported team and London Football Exchange Ltd Company (LFE) (ref.: https://news.lfe.com/fc-bari-agreed-become-subject-contract-first-italian-club-join-london-football-exchange/). The news spoke about cryptocurrency and bitcoin matter but it wasn’t so detailed. Therefore, pushed by my curiosity, I opened my friend Google and found website of this “crypto company”.

Reading the project, my attention becomes high because I understood the potential for my favorite team and, therefore, the idea on which LFE project is based.
The core idea is the creation of an exchange on blockchain Stellar and Ripple that allows buy and sell of football clubs shares.
This is not the first time that football enters into contact with the crypto world. On January, indeed, CashBet Coin signed an agreement with Arsenal FC to advertise its ICO (Initial Coin Offering). Differently by this case, LFE don’t want enter only in contact but revolutionize football finance world, feeding the ecosystem and linking sport, media, entertainment, finance, and crowdfunding.

The supporters that buy or hold LFE tokens, could enjoy of special offers, participate to VIP events, buy limited edition merchandising and, if football club allows, buy tickets or TV events, bypassing intermediates increasing margins.
With more margins, each club could reduce ticket price and increase demand i.e., or schedule an investment campaign for the future, based on a solid financing without any relationship with bank institutes.

LFE promotes a decentralized exchange where supporters can buy tokens at price defined by the market demand and with which can buy packets provided by the football club. In order to understand better the power of the idea, I return to FC Bari 1908 president statements. Mr, Giancaspro (president) is thought to finance his team offering to supporters the opportunity to buy shares equity with LFE tokens a participate in earnings. This means increase equity, disconnect debits by banks and be freer to operate on the market and on investment on infrastructures. The real share cost is going always lower than one bought in a common way because without fees or management incidence parts.

Initial Coin Offer of LFE already started and presale closed. The hard cap is very ambitious because points to collect 350 million dollars. Actually, I do not record hype, but I’m pretty sure it will increase every day once some news came out.
The team is solid and well linked to the football world. Indeed, the news on FC Bari and Alcobendas clubs (ref. https://news.lfe.com/viva-crypto-madrid-based-alcobendas-joins-lfe/) option is the proof.
Roadmap: tokens are going to be released on 3rd quarterly of 2018, and at the same time will be launched beta exchange platform. The final version for exchange platform is forecasted for the first quarter of 2019. Meanwhile, LFE team is working to sign more agreements with football clubs and with demonstrations

Concluding, the LFE platform is a good notice for football world and supporters and, at the same time, can push out blockchain concept to mainstream market, lending on the big audience enjoying football sport.

Disclaimer: this is my personal article within my personal opinions so please don’t consider it as a financial advice.

For further information:
Home Page https://lfe.com/
Whitepaper: https://lfe.com/whitepaper/LFE_ITO_WHITEPAPER_2018v1.1.pdf
Telegram Group: https://t.me/lfemarket
Twitter official: https://twitter.com/LFEMarket