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Topic: [ANN][ICO] AVAI Token - first ICO by a professional football (soccer) club - page 18. (Read 3001 times)

newbie
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Making a splash in world media

The announcement of the Avaí FC Token Crowdsale has been covered all over the world. While we expected a big splash in Brazil, we were very nicely surprised by the attention out project got in other countries, including (but not only) the UK, US, France, Russia, Turkey, China, Korea, Japan, and the list goes on and on.


https://www.thetimes.co.uk/edition/sport/newcastle-united-and-cardiff-city-may-launch-currencies-rtkhr579j
https://www.thesun.co.uk/sport/football/7264984/newcastle-united-cardiff-city-cryptocurrencies/
https://www.ccn.com/brazilian-football-club-avai-to-launch-cryptocurrency-20-million-ico/
https://nothingbutnewcastle.com/2018/09/blogs/gallowgate-gossip/newcastle-considering-launching-own-currency/
http://www.insideworldfootball.com/2018/09/12/brasils-avai-becomes-first-football-club-launch-cryptocurrency/
http://www.isportconnect.com/brazilian-football-club-launches-cryptocurrency/
https://chaining.ru/2018/09/13/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://www.coindesk.com/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
http://cryptoinsidernews.io/2018/09/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
http://bitcoinpricenews.co/2018/09/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
http://cryptoventures.io/2018/09/12/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://cryptocurrencies.im/coindesk/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://cryptonewmedia.press/2018/09/12/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://29ru.net/pu/sport/165196350/
https://www.biedex.nl/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
http://primecryptonews.us/2018/09/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://cryptonewstoday.us/2018/09/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://icocampaign.io/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://xcrypt.io/2018/09/12/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://bitnewsbot.com/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://news.fusionx.io/2018/09/13/brazilian-soccer-club-seeks-20-million-in-upcoming-ico-coindesk/
https://www.cryptocurrencymarket.us/news/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://cryptolister.io/brazilian-soccer-club-seeks-20-million-in-upcoming-ico
http://blockbuzz.co/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
http://[Suspicious link removed]/crypto/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://medium.com/@bibowallet_46167/brazilian-soccer-club-seeks-20-million-in-upcoming-ico-95725e01126a
https://www.gracechetachi.com.ng/2018/09/brazilian-football-club-looks-20.html
https://coinrussia.ru/blockchain/football-club-from-brazil-plans-to-raise-20-million-during-the-ico/
http://demo-bitcoin-videos.aobrien.org/2018/09/12/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://[Suspicious link removed]/2018/09/12/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://thebitcointalk.net/index.php?topic=5027388.0
https://medium.com/avai-fc-token-crowdsale/ava%C3%AD-fc-is-writing-history-48f76b383bba
https://dailycoin.info/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://www.cryptotalkalert.ga/2018/09/brazils-avai-to-become-first-football.html
https://www.venturecanvas.com/2018/09/13/brazils-avai-to-become-first-football-club-to-launch-a-cryptocurrency-venturecanvas/
https://bitcoinexchangeguide.com/brazils-soccer-team-avai-futebol-clube-to-launch-cryptocurrency-ico-token/
https://coinpedia.org/news/brazils-avai-football-club-launching-cryptocurrency/
https://bitcointalksearch.org/topic/football-club-from-brazil-will-hold-ico-5028303
https://altcointoday.com/brazilian-soccer-club-seeks-20-million-in-upcoming-ico/
https://hub.blockspot.co/2018/09/13/brazils-soccer-team-ava-futebol-clube-to-launch-cryptocurrency-ico-token/
jr. member
Activity: 80
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i am whitelisted and KYCed

on which exchange u reccomend to buy SPF?

where is a lot liquidity?
jr. member
Activity: 33
Merit: 1
Only 6 days left

Stock cheap SPF  to enter AVAI crowdsale

Brasil’s Avaí becomes first football club to launch its own cryptocurrency
12th September 2018
By Paul Nicholson

September 12 – Brasileiro Série B football club Avaí Futebol Clube has become the first football club to launch its own cryptocurrency with in Initial Coin Offering (ICO) targeting a $20 million capital raise.

Partnered with blockchain technology specialists SportyCo and football investment specialist Blackbridge Sports, the Avaí FC Token will go on sale October 3 priced $1 with the sale period lasting for a month.

http://www.insideworldfootball.com/2018/09/12/brasils-avai-becomes-first-football-club-launch-cryptocurrency/
full member
Activity: 359
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Decentralized sports investment &funding ecosystem
how many days how many days?


This deal sees Avaí FC become the first team in world football to officially launch a cryptocurrency, bridging the divide between the new blockchain-based industry and sports. SportyCo and Blackbridge Sports will become the official Blockchain Partners of Avaí Futebol Clube, from setting up the blockchain infrastructure to marketing and acquisition of participants in the crowdsale. In exchange for a contribution into the crowdsale campaign, Avaí FC will issue a cryptographic token, the AVAI Token, which is the essential fuel of Avaí FC ecosystem, bringing together fans and supporters from around the world and affiliates them into one community.

CROWDSALE INFORMATION

SYMBOL: AVAI
TOTAL TOKEN SUPPLY: 22,000,000
AVAIALABLE IN CROWDSALE: 20,460,000
EXCHANGE RATE: 1 AVAI = 1 USD
SOFT CAP: 8,000,000 AVAI
MAX CAP: 20,460,000 AVAI


The AVAI Token presale will be set up as a campaign on SportyCo.net, and will run from September 29, 2018, 12:00 UTC till October 2, 2018, 12:00 UTC.

The AVAI Token ICO starts on October 3, 2018, at 12:00 UTC and will run for 33 days until 5 November 2018, 13:00 UTC.
full member
Activity: 359
Merit: 100
Decentralized sports investment &funding ecosystem
Avai fc has all the social it is needed just I am missing something maybe... Medium blog posts ?  or I just can't find it ?

All AVAI token social media channels can be found in the footer of the https://avaifc.io website

https://medium.com/avai-fc-token-crowdsale
newbie
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Avai fc has all the social it is needed just I am missing something maybe... Medium blog posts ?  or I just can't find it ?
jr. member
Activity: 84
Merit: 1
Major new project: Avaí FC, welcome to the SportyCo family!

We have just announced a major partnership with Campeonato Brasileiro Série B football club Avaí Futebol Clube at a press event in Florianópolis in Brazil: the first Initial Coin Offering (ICO) in the history of football.

The new cryptocurrency, AVAI Token, will be designed specifically for the club. Fans all over the world will be able to invest in Avaí FC vision and journey – returning to top Brazilian football league and becoming a regular competitor in Copa Libertadores, the South American Champions League.

SportyCo, together with Blackbridge Sports, a partnership we announced a couple of days ago, will become the official Blockchain Partners of Avaí Futebol Clube, from setting up the blockchain infrastructure to marketing and acquisition of participants in the crowdsale. This puts SportyCo on the forefront of innovation in the sports industry and gives us massive exposure in the football world. And with more projects like this to follow, we expect to be the go-to company for cryptocurrency-related projects in football all over the world.

What does this mean for our core project, the SportyCa platform? Massive exposure ahead of the launch of version 2.0. And we did not forget our most loyal supporters – SPF token holders. The exclusive presale for the AVAI Token will be set up on SportyCo’s platform, giving our supporters first mover advantage in this revolutionary event, with a special bonus only for SPF holders.

The AVAI Token ICO starts on October 3, 2018, at 12:00 UTC. The exclusive presale on sportyco.net will be set up in the week beforehand, with more details to follow in the next days.
full member
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SPF price fixed for the AVAI Token presale – almost 10% of the SPF Total Supply may be burned
Only a couple of days left! The AVAI Token presale will be set up as a campaign on SportyCo.net, and will run from September 29, 2018, 12:00 UTC till October 2, 2018, 12:00 UTC. Get ready! And don’t forget to finish your KYC, while you’re at it.

In the presale a total of up to 400,000 AVAI Tokens will be available, at the valuation of $1 US dollar per AVAI Token. As stated in our previous post, we have looked at the price at Etherscan.io at 12:00 UTC on September 26, 2018 and the price was almost $0.029. We’ve decided to give all participants in the presale at least a 100% bonus on the price. We’ll go a bit above that, even.

The price for 1 SPF token in the AVAI Token presale was fixed at $0.03! As promised we are multiplying this price by the factor of 2 and thus getting $0.06. As the price of 1 AVAI Token is predetermined at $1, this gives us the exchange rate of 16 SPF Tokens for 1 AVAI Token.

This makes the max cap of the AVAI Token presale campaign at 6,400,000 SPF Tokens. There’s no soft cap. Participants will receive their AVAI Tokens no later than at the end of the AVAI Token Crowdsale. If the AVAI Token Crowdsale does not reach the soft cap of at least 8,000,000 AVAI Tokens being sold, participants in the presale will receive their SPF Tokens back to their wallets and the AVAI Tokens will not be distributed.

All SPF tokens collected in the AVAI Token presale will be burned after the successful completion of the AVAI Token Crowdsale. This means that up to 6,400,000 of SPF Tokens may be burned in this single transaction.

https://news.sportyco.io/2018/09/26/spf-price-fixed-for-the-avai-token-presale-almost-10-of-the-spf-total-supply-may-be-burned/
jr. member
Activity: 90
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AVAI FC Soccer Team Launches ICO To Raise $20 Millions In Brazil

Brazilian professional soccer club, Avai FC have teamed up with Blackbridge Sports and SportyCo to launch an ICO in other to raise funds for the team.

Sports And Cryptocurrencies
Soccer in Brazil is more than a sport; it’s a way of life or culture. So, the decision of the foremost Brazilian football outfit, Avai Football Club to launch an initial coin offering is considered by many as a welcome development, as it will strengthen the ties among the supporters, the club and the crypto community.

The elite soccer club revealed that the main reason for the launch of the proposed initial coin offering is to raise funds for the soccer club and to keep it economically healthy so that it can compete favorably with the other teams in the Brazilian league and continental competitions if need be.

The decision to partner with SportCo, a sport-focused community and Blackbridge, a firm that prides itself as an expert in raising funds is regarded as a step in the right direction, as both firms will help raise funds during the ICO in other to achieve its set goals.

SportyCo revealed the news on its verified Twitter account, stating:

“We have a major announcement today! The first ICO by a SOccer club!”

The new partnership, which is expected to raise $20 million through the ICO, is already breaming excitement among the partners. Marko Filej, the Co-founder of SportyCo said in a recent statement that:

“We look forward to working with Avaí FC and see how they intend to launch their new digital currency with the SportyCo platform that has always been leading innovation in the world of sports finance and sportsmanship. With this initial money offer, we are opening a new chapter in soccer and the sports industry in general.”

This latest development is coming at a time when a global cryptocurrency adoption is on the increase. Politicians in the United States will be accepting cryptocurrency as part of their campaign fund, especially Bitcoin.

The president of the soccer club, Francisco Jose Battistotti also stressed that the aspiration of the club on both the domestic and the international competition, led the club to make such a decision:

“With our ICO, we are actively seeking to reach a global Soccer fan base, and we are attentive to everything that surrounds Avaí’s environment in Florianopolis and Brazil,” the President stated.
newbie
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ICO WEBSITE  |  CLUB WEBSITE  |  WHITEPAPER  |  FACEBOOK  |  TWITTER  |  TELEGRAM  |  FLICKR  |  INSTAGRAM  |  SNAPCHAT  |  YOUTUBE  |  SPOTIFY

JOIN THE AVAI TOKEN CROWDSALE AND BECOME A PART OF FOOTBALL HISTORY!


Avaí FC will write history this summer ? as the first professional football club using blockchain technology to achieve our next goal: playing again in the Campeonato Brasileiro Série A and qualifying for the Copa Libertadores !

INFO


ABOUT AVAI TOKEN CROWDSALE

We are announcing a major partnership with SportyCo and Blackbridge Sports: The first Initial Coin Offering (ICO) in the history of football. Fans all over the world will be able to invest in Avaí FC vision and journey. Avaí FC will run a crowdsale campaign with the single goal of combating the financial hurdles, and aiming to become a financially stable and permanent member of Campeonato Brasileiro Série A with the goal to enter the Copa Libertadores.

https://avaifc.io/img/news3.png

This deal sees Avaí FC become the first team in world football to officially launch a cryptocurrency, bridging the divide between the new blockchain-based industry and sports. SportyCo and Blackbridge Sports will become the official Blockchain Partners of Avaí Futebol Clube, from setting up the blockchain infrastructure to marketing and acquisition of participants in the crowdsale. In exchange for a contribution into the crowdsale campaign, Avaí FC will issue a cryptographic token, the AVAI Token, which is the essential fuel of Avaí FC ecosystem, bringing together fans and supporters from around the world and affiliates them into one community.

CROWDSALE INFORMATION

  • SYMBOL: AVAI
  • TOTAL TOKEN SUPPLY: 22,000,000
  • AVAIALABLE IN CROWDSALE: 20,460,000
  • EXCHANGE RATE: 1 AVAI = 1 USD
  • SOFT CAP: 8,000,000 AVAI
  • MAX CAP: 20,460,000 AVAI

TOKEN DISTRIBUTION

  • Crowdsale contributors: 20,460,000 AVAI (93%)
  • Avaí Futebol Clube: 1,540,000 AVAI (7%)

ABOUT AVAÍ FC

Avaí Futebol Clube, or as we prefer to be called, Le?o da Ilha (Lion of the Island), is a professional association football club based in Florianópolis in Santa Catarina, Brazil, established in 1923. We play our Campeonato Brasileiro Série B and Campeonato Catarinense home games proudly wearing the blue and white at the Estádio da Ressacada. Avaí FC won the Santa Catarina State Championship title 16 times, which makes us the all-time record state champions. But our goals are higher: playing in Copa Libertadores!

https://avaifc.io/img/news2.png

We plan to build upon this tradition with a clear goal in mind: to return to the Campeonato Brasileiro Série A! Join us in achieving this ambitious plan by participating in the AVAI Token Crowdsale. Let?s go back to the Série A together!


https://news.sportyco.io/wp-content/uploads/2018/03/Sportico-logo-e1519904942462-1.png

Powered by SportyCo, decentralized sports investment & funding ecosystem.



Club website not work, ICO website work fine.
sr. member
Activity: 644
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great project in sports
jr. member
Activity: 90
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full member
Activity: 359
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Decentralized sports investment &funding ecosystem
Id avai fc club also going to invest in their own ico to transfer their fiat funds to crypto funds of the club?

No. Avaí FC will run a crowdsale campaign with the single goal of combating the financial hurdles, and aiming to become a financially stable and permanent member of Campeonato Brasileiro Série A with the goal to enter the Copa Libertadores.
member
Activity: 826
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ICO WEBSITE  |  CLUB WEBSITE  |  WHITEPAPER  |  FACEBOOK  |  TWITTER  |  TELEGRAM  |  FLICKR  |  INSTAGRAM  |  SNAPCHAT  |  YOUTUBE  |  SPOTIFY

JOIN THE AVAI TOKEN CROWDSALE AND BECOME A PART OF FOOTBALL HISTORY!


Avaí FC will write history this summer ? as the first professional football club using blockchain technology to achieve our next goal: playing again in the Campeonato Brasileiro Série A and qualifying for the Copa Libertadores !

INFO


ABOUT AVAI TOKEN CROWDSALE

We are announcing a major partnership with SportyCo and Blackbridge Sports: The first Initial Coin Offering (ICO) in the history of football. Fans all over the world will be able to invest in Avaí FC vision and journey. Avaí FC will run a crowdsale campaign with the single goal of combating the financial hurdles, and aiming to become a financially stable and permanent member of Campeonato Brasileiro Série A with the goal to enter the Copa Libertadores.



This deal sees Avaí FC become the first team in world football to officially launch a cryptocurrency, bridging the divide between the new blockchain-based industry and sports. SportyCo and Blackbridge Sports will become the official Blockchain Partners of Avaí Futebol Clube, from setting up the blockchain infrastructure to marketing and acquisition of participants in the crowdsale. In exchange for a contribution into the crowdsale campaign, Avaí FC will issue a cryptographic token, the AVAI Token, which is the essential fuel of Avaí FC ecosystem, bringing together fans and supporters from around the world and affiliates them into one community.

CROWDSALE INFORMATION

  • SYMBOL: AVAI
  • TOTAL TOKEN SUPPLY: 22,000,000
  • AVAIALABLE IN CROWDSALE: 20,460,000
  • EXCHANGE RATE: 1 AVAI = 1 USD
  • SOFT CAP: 8,000,000 AVAI
  • MAX CAP: 20,460,000 AVAI

TOKEN DISTRIBUTION

  • Crowdsale contributors: 20,460,000 AVAI (93%)
  • Avaí Futebol Clube: 1,540,000 AVAI (7%)

ABOUT AVAÍ FC

Avaí Futebol Clube, or as we prefer to be called, Le?o da Ilha (Lion of the Island), is a professional association football club based in Florianópolis in Santa Catarina, Brazil, established in 1923. We play our Campeonato Brasileiro Série B and Campeonato Catarinense home games proudly wearing the blue and white at the Estádio da Ressacada. Avaí FC won the Santa Catarina State Championship title 16 times, which makes us the all-time record state champions. But our goals are higher: playing in Copa Libertadores!



We plan to build upon this tradition with a clear goal in mind: to return to the Campeonato Brasileiro Série A! Join us in achieving this ambitious plan by participating in the AVAI Token Crowdsale. Let?s go back to the Série A together!




Powered by SportyCo, decentralized sports investment & funding ecosystem.




It can be said that this is a very good project, when many ICO projects are not clear about their products but Avai already has a clear product, the team's performance certainly determines whether Avai can succeed in the ICO or not.
full member
Activity: 359
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Decentralized sports investment &funding ecosystem
Brasil’s Avaí becomes first football club to launch its own cryptocurrency

bravissimo

Partnered with blockchain technology specialists SportyCo and football investment specialist Blackbridge Sports, the Avaí FC Token will go on sale October 3 priced $1 with the sale period lasting for a month.

“Our goal is to raise $20.46 million US dollars, with a minimum cap of 8 million dollars. A maximum of 20.46 million tokens (93%) valued at $1 will be available for purchase in the Crowdsale. A maximum of 1,540,000 AVAI Tokens (7%) will be retained by Avai FC,” said the club.

Working with SportyCo, the club will develop an online ecosystem for earning and spending the AVAI token. Marko Filej, SportyCo’s co-founder, said: “With this initial coin offering we are opening a new chapter in football and the sports industry in general…in the beginning token holders will be able to purchase merchandise, tickets and unique experiences with the token. In the future this will be upgraded.”

The token will be listed on several cryptocurrency exchanges for those who buy the token for trading. However, should the trading value of the AVAI token drop the club said it “will always provide a valuable experience or service for token holders wishing to participate.”

For Avaí the attraction of the crypocurrency is to raise new money that will support the club’s promotion push to Brazil’s top tier Série A, provide financial stability and contribute to the goal of qualification for the Copa Libertadores.

Francisco José Battistotti, President of Avaí Futebol Clube, said: “With our ICO, we are actively targeting a global football fan base, while engaging all Avaí FC in Florianópolis and Brazil, working together towards our goal – to become a stable member of Brazil’s Série A and qualify for the Copa Libertadores. We are delighted to do so in partnership with SportyCo and be the first sports company to do an initial coin offering, paving the way for other clubs all over the world to approach financing their sporting activities in this novel way.”






For Avaí the attraction of the crypocurrency is to raise new money that will support the club’s promotion push to Brazil’s top tier Série A, provide financial stability and contribute to the goal of qualification for the Copa Libertadores.

Where did you get this article?



I think this is the article that OP is referring to:

http://www.insideworldfootball.com/2018/09/12/brasils-avai-becomes-first-football-club-launch-cryptocurrency/
full member
Activity: 359
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Decentralized sports investment &funding ecosystem
Crowdsale Management and Organization:

SportyCO and BlackBridge


can someone explain in details who are they?

You can find more information in this article:

https://news.sportyco.io/2018/08/30/blackbridge-and-sportyco-announce-strategic-partnership/
full member
Activity: 359
Merit: 100
Decentralized sports investment &funding ecosystem
30% of all AVAI Tokens that will be redeemed/exchanged on the Platform (either through AVAITokenStore, the AVAITokenTickets or the AVAITokenSpecialExperience) will be burned on the Ethereum blockchain on a quarterly basis, i.e. on or around 1 April, 1 July, 1 October and 1 January of each year, for previous quarter (that ends each time on 31 March, 30 June, 30 September and 31 December).


could you explain admin is this good or bad?

As a token holder this is obviously a good thing as the supply of AVAI tokens will reduce over time.
jr. member
Activity: 127
Merit: 1
ICO WEBSITE  |  CLUB WEBSITE  |  WHITEPAPER  |  FACEBOOK  |  TWITTER  |  TELEGRAM  |  FLICKR  |  INSTAGRAM  |  SNAPCHAT  |  YOUTUBE  |  SPOTIFY

JOIN THE AVAI TOKEN CROWDSALE AND BECOME A PART OF FOOTBALL HISTORY!


Avaí FC will write history this summer ? as the first professional football club using blockchain technology to achieve our next goal: playing again in the Campeonato Brasileiro Série A and qualifying for the Copa Libertadores !

INFO


ABOUT AVAI TOKEN CROWDSALE

We are announcing a major partnership with SportyCo and Blackbridge Sports: The first Initial Coin Offering (ICO) in the history of football. Fans all over the world will be able to invest in Avaí FC vision and journey. Avaí FC will run a crowdsale campaign with the single goal of combating the financial hurdles, and aiming to become a financially stable and permanent member of Campeonato Brasileiro Série A with the goal to enter the Copa Libertadores.



This deal sees Avaí FC become the first team in world football to officially launch a cryptocurrency, bridging the divide between the new blockchain-based industry and sports. SportyCo and Blackbridge Sports will become the official Blockchain Partners of Avaí Futebol Clube, from setting up the blockchain infrastructure to marketing and acquisition of participants in the crowdsale. In exchange for a contribution into the crowdsale campaign, Avaí FC will issue a cryptographic token, the AVAI Token, which is the essential fuel of Avaí FC ecosystem, bringing together fans and supporters from around the world and affiliates them into one community.

CROWDSALE INFORMATION

  • SYMBOL: AVAI
  • TOTAL TOKEN SUPPLY: 22,000,000
  • AVAIALABLE IN CROWDSALE: 20,460,000
  • EXCHANGE RATE: 1 AVAI = 1 USD
  • SOFT CAP: 8,000,000 AVAI
  • MAX CAP: 20,460,000 AVAI

TOKEN DISTRIBUTION

  • Crowdsale contributors: 20,460,000 AVAI (93%)
  • Avaí Futebol Clube: 1,540,000 AVAI (7%)

ABOUT AVAÍ FC

Avaí Futebol Clube, or as we prefer to be called, Le?o da Ilha (Lion of the Island), is a professional association football club based in Florianópolis in Santa Catarina, Brazil, established in 1923. We play our Campeonato Brasileiro Série B and Campeonato Catarinense home games proudly wearing the blue and white at the Estádio da Ressacada. Avaí FC won the Santa Catarina State Championship title 16 times, which makes us the all-time record state champions. But our goals are higher: playing in Copa Libertadores!



We plan to build upon this tradition with a clear goal in mind: to return to the Campeonato Brasileiro Série A! Join us in achieving this ambitious plan by participating in the AVAI Token Crowdsale. Let?s go back to the Série A together!




Powered by SportyCo, decentralized sports investment & funding ecosystem.




This is the first sports club in history to do an ico if I am right. Not just first football club but first spprts club. All the best really awesome
jr. member
Activity: 115
Merit: 3
Brasil’s Avaí becomes first football club to launch its own cryptocurrency

bravissimo

Partnered with blockchain technology specialists SportyCo and football investment specialist Blackbridge Sports, the Avaí FC Token will go on sale October 3 priced $1 with the sale period lasting for a month.

“Our goal is to raise $20.46 million US dollars, with a minimum cap of 8 million dollars. A maximum of 20.46 million tokens (93%) valued at $1 will be available for purchase in the Crowdsale. A maximum of 1,540,000 AVAI Tokens (7%) will be retained by Avai FC,” said the club.

Working with SportyCo, the club will develop an online ecosystem for earning and spending the AVAI token. Marko Filej, SportyCo’s co-founder, said: “With this initial coin offering we are opening a new chapter in football and the sports industry in general…in the beginning token holders will be able to purchase merchandise, tickets and unique experiences with the token. In the future this will be upgraded.”

The token will be listed on several cryptocurrency exchanges for those who buy the token for trading. However, should the trading value of the AVAI token drop the club said it “will always provide a valuable experience or service for token holders wishing to participate.”

For Avaí the attraction of the crypocurrency is to raise new money that will support the club’s promotion push to Brazil’s top tier Série A, provide financial stability and contribute to the goal of qualification for the Copa Libertadores.

Francisco José Battistotti, President of Avaí Futebol Clube, said: “With our ICO, we are actively targeting a global football fan base, while engaging all Avaí FC in Florianópolis and Brazil, working together towards our goal – to become a stable member of Brazil’s Série A and qualify for the Copa Libertadores. We are delighted to do so in partnership with SportyCo and be the first sports company to do an initial coin offering, paving the way for other clubs all over the world to approach financing their sporting activities in this novel way.”






For Avaí the attraction of the crypocurrency is to raise new money that will support the club’s promotion push to Brazil’s top tier Série A, provide financial stability and contribute to the goal of qualification for the Copa Libertadores.

Where did you get this article?
newbie
Activity: 74
Merit: 0
Id avai fc club also going to invest in their own ico to transfer their fiat funds to crypto funds of the club?
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