LIGA’s Champions League 2019/20 tokens go on sale

LIGA
LIGA
Nov 6 · 2 min read

LIGA is launching the presale of tokens for the 2019/20 UEFA Champions League season.

Tokens for all 32 teams participating in Europe’s foremost club football event will go on sale on November 13.

During the presale stage, which will run from November 13 through to December 11, 3,000 tokens for each team will be sold at a price of $0.5. From December 12, the price will increase to $1.

In addition, during the main sale, once 1,000 tokens for a specific team have been sold, the price will increase by $0.20 — making tokens for the most popular teams more expensive. Proceeds from all token sales will form a prize pool, which will be distributed between holders of the winning team’s tokens.

However, as is the case for all sports events tokenized by LIGA, users can cash in not only by correctly predicting the winning team, but also by selling tokens at a profit when their value increases due to better-than-expected performance.

For instance, if you buy tokens for an underdog team, which then manages to qualify for the knockout phase, the value of that team’s tokens is likely increase significantly — meaning you’ll be able to sell the tokens on Waves DEX at a good profit.

The group stage is already in progress, and the 16 teams advancing to the knockout stage will become known after the final group matches, scheduled for December 10 and 11.

The knockout phase will kick off on February 18, and the final is scheduled for May 30 at Atatürk Olympic Stadium in Istanbul.

For each of the 32 teams currently competing, 10,000 tokens will be issued, with sales controlled by a smart contract.

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