How does it (IAO) work? (Scouts&Fans)

Before an IAO can take place an athlete must satisfy all the preliminary requirements: - Must first complete tokenization - Must be willing to sign tokenization documents (GDPR?) - Must be enrolled/affiliated with official organization - or Must be enrolled with BCSports Academy

1) Athletes come to Blockchain Sports The Blockchain Sports platform operates directly with the institutions that athletes are affiliated with. The institutions express the scope of their expectations and digital capabilities in order to gauge their capacities to contribute to the Athlete NFT rollouts; after a common ground is established, an agreement is created.

*At a later date, the Blockchain Sports tokenization platform will welcome individual talents to tokenize themselves, however, at the current stage in the project we encourage interested athletes to prompt their organizations to reach out to us.

2) Athletes get a Preliminary Assessment.

In order to qualify for tokenization on the Blockchain Sports platform, athletes must undergo a rigorous quality assessment analysis that will evaluate their historic performance, test their current skills, and be graded by a trustworthy notoriety in the Football Industry.

Every sport will have its own committee of evaluators appointed. The appointed individuals will need to possess long-standing reputations within their respective sports, extensive domain knowledge, and prove their neutrality. These evaluators will grade the athlete based on their performance; the final grade plays a key role in an athlete's value.

At this stage, Blockchain Sports has built relationships with a few of the soccer/football industry’s most respected individuals. Crown member of the FIFA committee, Matula Mindaugas, was nominated and has accepted to serve as the trusted entity that will be conducting player assessments. Together with Matula, Blockchain Sports will be refining its frameworks and establishing standard operating procedures for conducting evaluations.

*Future committees will utilize a majority consensus model for deriving fair parameters for athletes. Blockchain Sports has tentatively placed a target range of any odd number between 5 and 11 representatives for each committee.

3) Athletes are tokenized

After receiving a preliminary grade, all of an athlete's relevant biometric metadata is validated by their organization, aggregated, cleaned up, and consolidated for inclusion as metadata of their NFT. The process itself is straightforward, every athlete will have their own dedicated collections generated with a predetermined amount of NFTs (5,000) that will be distributed in an 80/20 proportion between the organization and the public. NFTs owned by the organization will remain locked up and have no market presence. These NFTs will never be in circulation and serve the sole purpose of creating balance in the on-chain footprint of ownership; explicitly expressing an organization's role and later on creating liquidity pools.

4) Tokens are sold via Public Mint NFTs dedicated to the public are announced in advance to allow the Blockchain Sports community adequate time to prepare for the mint. Once a mint opens, it will remain open until the athlete's available NFTs are entirely distributed; upon concludes, the collection will develop a market capitalization.

5) Post sale Activity Users will be able to do with their NFTs as they find fit. Whether they decide to hold on to them or use them on open, decentralized marketplaces is entirely their right.

* Athletes hold no claims on any of the NFTs issued in their name and cannot revoke holder rights.

Asset Sample Case #1: A Hedge for Athletic Careers

Athletes have a keen insight into the qualitative features that determine careers of superstars and they can leverage their knowledge and understanding of athletic performance to support one another and simultaneously hedge the developments of their own careers.

Asset Sample Case #2: Build A Portfolio

As alluded to in our thesis behind unlocking the capital of the ACMn, the archetype of asset that a BCSports Athlete NFT is allows for new vectors of value to be tracked that can provide interesting diversification to a portfolio.

Most, if not all, assets that are currently in the public domain today have built a socio-economic footprint that primarily moves with the state of the global economy (as dedicated by the US dollar), case and point being Bitcoin’s price correlations to the S&P index. By introducing a new type of assets, that bring their own new swaths of market participants, each with their unique psychologies, totally new economic structures could provide benefits that would not be otherwise accessible.