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Wednesday, September 22, 2021
Home News SportyFi – Decentralized Sports Investment Start-up Endorsed by Soccer Superstar Roberto Carlos

SportyFi – Decentralized Sports Investment Start-up Endorsed by Soccer Superstar Roberto Carlos

London-based tech start-up SportyFi is looking for the back of the net with an innovative Blockchain-based financing ecosystem. SportyFi will launch the Smart Manager Platform and the SportyFi Professional Fund, which will enable donations, detailed sponsorship smart contracts of various types, as well as complex investment smart contracts, where an athlete, a club or another sports organization will offer a long-term deal for a share of future income or other revenue stream in exchange for an upfront cash injection.

This, they hope,  will offer the potential to address many of the liquidity issues present in the sports industry today.

The platform has the potential to enable a wider community to invest in sport, an industry worth USD $620 billion with constant growth. By disrupting the existing model for financing participants in sport, SportyFi hopes to open a new chapter in the sports industry, democratizing sports investment. The platform is already in development and on schedule for a Q1 2018 launch.

SportyFI featuredpx

Supported by a team which includes legendary international footballer Roberto Carlos, along with Olympians, NBA players, and Sports Officials, SportyFi looks solid with good backing to have significant impact –  and bring the right opportunities to the players that truly need them the most.

Roberto commented:

“I’m very happy to support SportyFi, which will work with young athletes at the most crucial point in their career and will give fans and small investors the opportunity to support them. Let’s find the next superstars together!”

Professional sports today carry high barriers to entry – both for athletes, and small investors. Up-and-coming athletes at the outset of their professional careers face a lot of issues when it comes to funding training and participation in global events. The same goes for many sports clubs and organizations which face severe financial and liquidity issues. This, claims Sportyfi –  is the basis of their creation of value – and the team want to open the doors wide in terms of creating opportunities for young athletes.

SportyFi Token Crowdsale

To fund this project and bring athletes, financiers, and organizations closer together, SportyFi is holding a Token Crowdsale (ICO) on the 14th November 2017, running for a total of up to 17 days.

Headline Figures:

    • Token Crowdsale starts on 14th November 2017
    • SportyFi will be creating a total of up to 200,000,000 tokens
    • Hard Cap $16,000,000 USD
    • 10% bonus available to:
      • Participants who contribute within first 72hrs
      • Participants who contribute >100ETH

Token distribution:

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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