Topic: [ANN] [ICO] [SPF] SportyCo - Decentralized sports investment & funding ecosystem - page 63. (Read 48630 times)

It's a smart move to impement a vesting period to attract additional investors but I don't think it is as important as many people think. Founders won't sell their tokens within a year anyway because they want to grow a successful business. If they believe in the project, and I am sure they do, they will try to keep it as long as possible to get the highest possible value - like all the investors.

Okay maybe I went in the right sport... what about F1. A lot of money in there too ? I see you all are football fans 

Did anyone spend on any of those athletes 200mio eur + just for the transfer?? Noo. So there is no way your statement is correct

Thank you for informations.

Four more days and SportyFY ICO start.

But a great discussion, PatelKartel, and I hope an intro for others to pitch in and give their opinion.

Hey SportyFi community,

From now, you have a chance to review this ICO and earn crypto!

We value your opinion and are ready to reward you for it!

We’re now offering all users a chance to review upcoming ICOs on our platform for a chance to earn some crypto. This approach will be helpful for the project team, as they can hear some feedback from the audience   

What you need to know:
—The top 5 reviewers will receive rewards in ETH
—1st place review is selected by ICObazaar (reward=0.1ETH)
—2nd-5th place rewards are given to the reviews with the highest # of upvotes from other users (reward=0.4 ETH, split among the 4 winners proportionally according to # of upvotes)
—Reviewing for upcoming ICOs is open up until the day the ICO launches.

Here’s how it works:
1. Register on icobazaar.com
2. Review an upcoming ICO on our platform — reviews are located on every ICO page under upcoming ICOs, here is Sportyfi page
3. Hopefully be one of the top 5 reviewers

See you there !

And it doesn't matter that a few billionaires bought football clubs. What brings the most revenue is TV rights, attendance at events and marketing (merchandise, ads, etc). $200 million for Floyd is huge, compared to the rest of the boxing sport. $200 million for Neymar - peanuts, football is a $500 billion industry.

You have to looking at overall numbers... not just the one or few athletes, to get a whole picture.

I dare to say that revenue for just a few big football clubs together is comparable to the whole boxing industry. Box is a small sport - a few big earners (they are, however, really big), a few big events - and that is it. Many other sports have thousands of big earners, thousands of events. That's why boxing doesn't come close to the big ones. Floyd earns as much as a top fotballer - but he is one athlete, and there are several hundreds of top footballers.

If there were big boxing matches every week, the story would be different. But a good UEFA Champions League week brings more money into the sports industry as the biggest boxing event of the year. You can't look at one athlete and say "that's a big sport". You have to look at the whole ecosystem, and the boxing ecosystem is, in terms of revenue, a dwarf compared to the big leagues.

Its easy if your club is being funded by a very wealthy shake that has soo much money and buy the Football club. Of course you have that much money but look at what Woods or Mayweather did and how much money they earned ?  sooo..

https://medium.com/@sportyfi

Guys, your Medium articles are awesome
Every day i am checking if there is sth new

Well, the article on our blog is not our research, but a summary of several research papers made by prominent institutions.

But to summarize: boxing has several high profile matches a year and that's all there is. On lower levels there's not much money. While football has several thousand pro events (i.e. matches) in Europe  alone every weekend.

Same for baseball - why is it so high? Expensive TV rights, but also... a lot of events. There are 162 games per season for each MLB team. A few high profile boxing events a year don't come close in turnover to a steady presence every couple of days, with full stadiums, billion dollar TV rights contracts and millions of players being professionals - as opposed to several 100 in pro boxing or golf.

We were actually a bit surprised that football (the European kind) is so much ahead in turnover compared to the second biggest sport (i mean, almost half of all money in sports is football). But when you go deeper, you see that it's actually surprising that i.e. golf is so high.

OMG how can you compare these two? In football clubs have yearly revenue of half a billion. Just look at the stats. No way box can come even close

I think there is a sport bigger than football (in percentage) for sure. For example look at how much money is in pro boxing and how many boxer are there (how much Mayweather gets after his fights) or golf etc.

Big BOW and big respect to sportyfi team! Its why my 500 eth are ready.

Less than 5 days! Woop woop

That is important! For whole project, community and future

Hi,

Here are the details about the decision on vesting: https://medium.com/sportyfi/sportyfi-founders-and-team-will-vest-their-tokens-6e3fcc8b59d3

SportyFi founders and team will vest their tokens

The commitment of the team to the long-term success of the SportyFi ecosystem was never in question. But to alleviate any doubts, our SPF tokens will be vested for a period of one year.

We’ve started the SportyFi project almost a year ago: first by developing the idea, then by checking its legal framework and in the last two months by working relentlessly on the Token Crowdsale, coming up on November 21. We do, however, know, that the real work does not end with a successful crowdsale — it’s when our work really begins.

There was always an agreement in the team that we will hold our tokens for an extended period of time, and when that time comes, we will re-invest them into the platform, not transfer them to an exchange and cash out. And while our verbal commitments were never doubted, we’ve decided to go one step further and put this in writing.

The founders and the team will therefore commit to holding their tokens for a period of at least a year after the successful completion of the Token Crowdsale. We believe in this project more than anyone and, come one year around, we will have set up a lively platform, that will make the life of prospective athletes easier and the sports industry more open to small investors.

No such limits will, of course, be placed on the participants in our Token Crowdsale. We’re working hard on setting up a trading ecosystem and are in talks with several prominent exchanges to list the SPF Token as soon as possible, and, of course, we’re also on track for a Q1 2018 launch of the SportyFi platform.

Marko, Simon and Tomaž, SportyFi Co-founders

I now hardly wait to invest in SportyFi ICO.

we had a discussion here, not to long ago, about the vesting period. Some potential investors were asking about this, while frankly, this was something we did not think about when drafting the WP. I am glad that I am able to say that by the today’s unanimous decision of the founders, a vesting period of 1 year was introduced on “Founders and Team” SPF Tokens (18% of all SPF Tokens to be issued). More info to follow tomorrow with an official Medium blog post...