The Spanish startup LEVERADE announced via Twitter that it is building a platform that uses blockchain technology for the comprehensive management of sports federations, allowing them to launch their own cryptocurrency and sell their NFTs. In addition to this, as the agency tells Europa Press agency, the project has exceeded the initial financing objective by obtaining more than one million euros in the seed and strategic phases of the token sale, it has now opened the waiting list for the public sale of 34 million tokens.
We’re proud to announce that we’re building the world’s first Launchpad for Sports Federations at #LEVERADE!
Why federations? Because empowering federations through blockchain technology = empowering the entire sports ecosystem underneath.👉 https://t.co/8JapHb3grI pic.twitter.com/BnmVRtouUM
– LEVERADE (@leverade) January 10, 2022
We are proud to announce that we are building the world’s first Launchpad for Sports Federations in LEVERADE!
Why the federations? Because empowering federations through blockchain technology = empowering the entire sports ecosystem below.
The company that is headquartered in Murcia, and that for more than six years has been offering technology and tools to the market to professionalize and optimize the daily management of sports entities, also announced yesterday that, as goals for this year, Early in the first quarter of 2022, they plan to launch their $ LEGEND token. Said token will be specifically intended for federations, together with their own tokens for each entity, in the case of the International Football Federations ($ FIFA) and Basketball ($ FIBA), with the aim of making sport a sustainable activity.
Antonio Romero, who serves as CEO of LEVERADE, commented the following: “The tokenization of federations is a decisive step towards greater adoption of blockchain technology in the sports industry. It allows tackling some of the biggest problems in the world of sport, while creating new revenue streams for sporting entities. “
According to the statement outlined, the federations will be able to use these mechanisms to enter the crypto world and benefit from a wide range of services, applications and financing channels such as ticket sales, merchandising, premium content, VIP experiences or even the creating a fantastic league with real earnings on your token.
It should be noted that, although there are other projects that create ‘fan tokens’ and NFTs (non-fungible tokens, for its acronym in English) for clubs, LEVERADE will do so for federations. They explain that since they bring together the entire community of a sport, the use of blockchain to capture and distribute the value generated by competitions will have an impact on the various agents involved. “From the sponsors and fans, to the federation, the clubs, the referees, the volunteers and the athletes themselves,” added Romero.
Among the uses and functions mentioned by the company as part of its tokenization offer are: the so-called ‘Play2Earn’, mechanisms to reward athletes with tokens from the federation and NFT when participating in their events. Athletes can be rewarded with actions such as competing each week, improving their personal records or achieving a new record, and in the case of fans, they commented that they will be allowed to vote for the national team jersey, have a voice in certain matters of the federation, support their favorite athletes or teams or influence the vote for the best player in the competition.
Finally, the startup’s plan would also include the possibility of supporting leagues and clubs in trouble through collective financing mechanisms such as ‘staking’ and ‘crowdfunding’ promoted by the Decentralized Autonomous Organization (DAO), while rewarding followers with a return on your contribution.
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