How does it (IAO) work? (Fans)

0) IAO is announced

The fundamental building block of a public-facing market is creating an environment that prioritizes equal opportunity. Therefore, any IAO will be announced in advance to provide users with ample time to prepare.

Announcements will happen in two segments;

Segment A is an internal announcement to the BCSports community. Accessing these channels is very straightforward, simply being an active member of the Discord, Telegram groups, or subscribed to the email. Segment A is propagated as soon as an Athlete is suggested for tokenization.

Within 72 hours after tokenization takes place, Segment B is announced with a public notification via social media and information outlets.

The Segment B announcements will continue on a regular basis until the IAO is launched.

1) Minting event takes place

Option one is to mint during the NFT Issuance.

There are two opportunities for accumulation during issuance, first is through a private/pre-sale, and the second is through public mint. Users will have to be tuned in and follow the developments of Blockchain Sports actively for signals of upcoming mints.

* Be advised that not every Athlete will host private sales, the majority of the issuance tokens will be hosted in an FCFC (First-Come-First-Serve) model.

2) Secondary Market Trading

The BCSport Athlete NFTs are tradable immediately upon minting.

If the athlete a user desires to own is no longer available for minting, they will have the single alternative option to acquire them via post-mint negotiations. Be it on any open, decentralized marketplace or through a peer-to-peer off-chain arrangement, users will have to find others who possess the athlete NFT and trade amongst themselves.

* Built on the ERC-721 standard, the Athlete NFTs are compatible with any open decentralized marketplace.

3) Obtaining Tier Status

Acquiring above a certain threshold of athletes will endow a user with a Tier level. Ranging from basic scout to the more industrious director, users are encouraged to build their portfolios. Scouts are highly respected in the sports world and sought out by athletes. Whenever a user attains this title, they will unlock a greater degree of Blockchain Sports application utilities, including, but not limited to, access to the Fantasy League. * We will provide a more in-depth section on the privileges associated with becoming a Blockchain Sports Scout in the near future.

4) Athlete NFTs are held to Maturity and Beyond

Once in possession of an Athlete NFT, users are invited to participate in every application of the Blockchain Sports ecosystem.

Maturation of an NFT revolves around it becoming claimable for an underlying pool of crypto assets. This parameter will vary greatly from athlete to athlete as it is dependent of a variety of factors including individual performance capacity, industry appetite, timing, and other elements outside of the purview of control.