Athlete Buyouts and Transference Rewards

* The exact mechanics behind this is in its exploratory state and will be expanded upon at a later time.

This is the most exciting utility that is a byproduct contributing to the establishment of the ACMn (Athletic Capital Markets network).

The Blockchain Sports tokenization platform operates by establishing relationships between an athlete’s affiliated academy, league, team, or organization, not the individual athletes themselves (yet). Therefore, NFT issuance represents affiliations with their origination organizations that they are part of at the time of token creation. Whenever ownership/affiliation of the tokenized athlete is transferred into new hands, the proceeds will be proportionately deposited into a liquidity pool for distribution among the NFT holders.

In the event of an athlete being recruited into another organization, the originating entity is contractually obligated to allocate a percentage of the associated transaction to the Blockchain Sports tokenization platform as reimbursement for their tokenization services.

During this event, the escrowed 80% of athlete NFTs are unlocked and sent to the BCSports Tokenization platform’s on-chain holding address *(will be made publicly available at a later date). The holding address holds the NFT’s until BCSports Tokenization platform’s Initiator address is balanced with the transfer’s crypto equivalent (stablecoin/gas token) and sends them to the Initiator address. Once the Initiator address is in possession of both assets, it will deploy a dedicated liquidity pool exclusively for the public token holders.

The tokenization platform’s pool will then offer the holders of the transferred athlete’s NFT an option to exit their ownership and claim the underlying assets.