Introduction to FCFL
The professional sports industry has undeniably one of the biggest markets any industry has ever seen. Players inspire passion in fans for the sport and instil a huge amount of revenue for the industry. However, the industry still, is slow to adopt new technologies or any major change in the conventional system. Fans pay for the match tickets and managers, players and team owners get richer and richer by the second. In the whole system although the fans are of the utmost importance for established sports and teams they could just be sidelined to a ticket number in a database. It is time fans actually have a say in the management of teams and that is what FCFL is here for. FCFL aims to use the decentralization and transparent model of blockchain to hand over the team management from the board of directors to the fans.
FCFL stands for Fan Controlled Football League, as the name suggests is a league where fans take control of their teams. All the decisions about the player and league market are made by the fans – making them the coaches and managers of their respective team. So, fans won't just be paying for the matches and passively watch games in the league, they will actually take charge of team management.
Unique Features offered by FCFL
- Designed for Digital Fan : FCFL aims to provide a truly interactive sports entertainment experience, which will be delivered in real-time to any connected device on the planet by simulating the game in a cutting-edge production facility.
- Cutting Edge Sports Technology : FCFL will use latest technologies like – helmet cameras, drone cameras, real-time player statistics will keep updating game details globally on the platform.
- Based on Blockchain : Fan-driven decisions and reward allocation maintained through a transparent ledger system, derived from the Ethereum Blockchain creating an open and democratic network of engagement.
- $1,000,000 championship is an extremely attractive feature of the platform. The FCFL league prize will be a minimum of 1,000,000 dollars which will be shared 50-50 by players and coaches and the 'Fans on the FCFL platform'. FCFL could, therefore, be a great opportunity for fans to pocket tournament prize for themselves and benefit from the platform. The prize pool can increase, depending on the sponsors and other incomes.
FCFL 's first objective will be host the league for American football and later strive for other games. Unlike in traditional football games where players are fined for taking their helmets off, the FCFL will actually have a small contest for the best touchdown celebration of the week, where the player with the best celebration will be awarded. This will introduce a new and more modern approach to the existing football.
A fan controlled team
Project franchise team, in 2015 set off to develop a platform wherein fans make their team decisions, a similar objective to FCFL, but aimed at a single team. In February 2017, the first fan controlled professional sports team in the world, the 'Salt lake screaming eagles' made its debut using PTFI platform. The football team was acknowledged by 100+ nations worldwide and found coverage in the biggest world publications.
The FCFL platform will be similar to PTFI's, only that instead of managing a single team users will manage their favourite team in the league and take it to victory.
FCFL tokens and ICO
FCFL token will be 'FAN'. There haven't been any clear updates about dates of token sale but the sale is supposed to be live somewhere in March this year.
Benefits of FAN token?
- The platform is working on a wagering system and its legalities. The wagering system will support FAN tokens which mean that users can wager on outcomes of the game and the prize money will automatically go to the winner.
- The More tokens you hold the more your decision will matter.
- All the prizes and rewards distributed on the platform will be given in terms of FAN tokens.
Conclusion:
The FCFL platform is a dream come true for sports fanatics across the globe. The platform will give control and management of their favourite teams in the hand's respective fans. The craze and enthusiasm for sports today is more than ever. I won't be surprised if the annual revenue of the sports industry exceeds 200 Billion USD.
There is one unsettling point that FCFL whitepaper shows - the vote and decision of the fan with most FAN tokens will matter the most. This means that the rich, or the firms/board of directors who buy complete league teams and stadiums can buy most of the FAN tokens, thereby controlling the teams like in traditional leagues. I am sure the platform will have a check on such practices in future.
All in all, FCFL can have a great impact on the global sports industry.
For more information Visit:
Whitepaper:https://view.attach.io/rJnBiarpb
Published By: Kishan748
Thanks for the informative post. This is taking fantasy football to the interactive extreme. Revolutionary, but will it be embraced by traditional sports enthusiasts?