DAO eSports-A new and revolutionary business model
Raise money efficiently while building a loyal and devoted fanbase.
What is DAO eSports?
The DAO eSports is a method of running and funding eSport teams with the cryptocurrency Ethereum. Right now, eSport teams have three main needs or problems.
- Meaningfully and directly connecting with fans.
- Raising money and funding the team.
- Getting social media influence.
By using the DAO eSports system these needs are fulfilled and the problems solved. The DAO system allows fans to invest in the team. By doing so, they become much more loyal and devoted to the team. Not only does this method create involved fans, this method also allows the team to get money quickly. After the initial rounds of funding, the money is all held in a wallet. Anytime the team needs money, they send a proposal and the investors approve the request. In fact, the investors can also create their own proposals.
What advantage does DAO eSports give teams?
A team running using the DAO eSports system has three main advantages.
1.Swarm Intelligence/Wisdom of the Crowd-Because investors can make proposals and help make decisions, the team can utilize their combined intelligence to make the best choices. Remember, these people have an incentive to make good decisions for the team. They get dividends when the team makes money.
2.Fast Funding-There is no longer a need to go to VC’s when money is needed. As long as the money is handled well by the DAO and the team owners, money will remain in the wallet and be replenished from earnings. Whenever the team needs money, they only need to send a proposal to the DAO.
3.Unprecedented Connection With Fans-No team has ever had this connection with fans before. In this new model, the fans are not just spectators. They are part of the team.
Who will DAO eSports target?
DAO eSports will target young people who are traditionally involved in videogames and other technology.
What’s next?
Soon, we will have a crowdfund to create this DAO. Keep watching /r/Ethereum for updates!
