Tokenization

Tokenization of an Athlete via the BCSports tokenization platform requires a combination of on-chain and off-chain components.

First, 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. After receiving a grade, they are assigned a fair market value.

Second, the athletes affiliated organization endorses the tokenization by signing agreements and providing references/attestations of their meta-data.

After documentation is submitted, the BCSports platform will issue ERC-721 standard tokens to represent the athlete. Issuance specifications such as the size of the collection will ultimately be left up to the organizations; however, the BCSports framework will be sized in batches of 5,000, of which 20% is allocated for the public. The remaining 80% is deposited into an escrow locker for use exclusively during the creation of liquidity pools.

Finally, with the information aggregated off-chain and the tokens issued on-chain an IAO will be engaged.

If the marketcap of an athlete in private acquire is $50,000, but we can provide solutions where he (20%) can immediately be auctioned to the public at $150,00 marketcap, we create a new dynamic by de-risking the athlete owner organizations (collecting $30,000 + future trading fees) through the involvement of larger capital pools.