Blockchain-based Sports App Supports the Use of Security Tokens via Dividend Payments
Some very recent good news in the blockchain industry came from the mobile sports app, ZenSports, when they announced their plans to issue quarterly dividend payments to SPORT security token holders in the days to come. They were one of the very first, if not the original blockchain-based betting platforms initially welcoming the idea of using security tokens for their service. Most importantly, and unironically, the dividend token payment amounts directly correlate to the ZenSport’s total betting volume which is exactly why they’re able to anchor payment levels to company performance metrics. A very good move on their part.
While discussing their recent developments, ZenSports Co-Founder & CEO, Mark Thomas clearly presented how his firm greatly supports security tokens in general, to the point where he said: “we believe it’s the future of securities.” He also spoke on behalf of the company and why they took such a direct approach to their strategy at first. Thomas described how choosing security tokens which provided better ways for private companies to issue returns to investors, was genius. Another benefit to using security tokens in a company’s overall financial strategy is that it very much easily streamlines the entire crowdfunding process so it’s not even comparable to IPOs nowadays. Thomas believes that a time will come when the entire world will utilize this form of unique crowdfunding financial instrument to more efficiently evolve the utility payment functions of every sector in the market.
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