Sportium Token Metrics

Published in

Sportium_Fan

4 min readDec 8, 2021

Introduction

Token metrics is a branch of token economics and plays a key role in aligning incentives within the project’s ecosystem amongst early supporters, community participants, external clients and core team. This article is designed to provide a breakdown of the Sportium token metrics, the vesting schedule, and the designation behind each vesting position.

Overview

Token Ticker: $SPRT
Token contract
ETH : 0x5ab6a4f46ce182356b6fa2661ed8ebcafce995ad
BSC : 0x56156fb7860d7eb0b4b1a5356c5354b295194a45
Total Supply: 1,000,000,000 SPRT
Initial liquidity at TGE: 10,800,000 + Small amount for initial LP
Public Sale valuation: $30M

Sale

Seed Price: $0.01
Private Price: $0.02
Strategic Price: $0.024
Public Price: $0.03

Token allocation & Vesting

Ecosystem (40%)

These tokens are allocated to amplify the Sportium Ecosystem. For example, providing LP incentives to AMMs, SPRT staking rewards will be used to amplify the tokenomics for the Sportium ecosystem. Total ecosystem tokens will be time-locked for 48hours since TGE.

Team (20%)

Team tokens are allocated to the core team involved in building Sportium. Sportium is a joint project between two companies. The first is Blueberry NFT, a listed company in Korea providing official IPs for Sports and domestic business development and marketing. Second is Alphaworks, a builder organization that develops products. 10% of the Team allocation will have 6 months cliff after TGE. And the remaining team allocation will be vested quarterly over 36 months.

Sale (20%)

The terminology for the sale has been conducted through, Seed, Private, Strategic, and Public. Sportium Team will be sharing details about investors and backers imminently.

Seed: (2%) 10% of the seed allocation has 3 months cliff after TGE. The remaining seed allocation will be vested daily over 24 months.
Private: (14%) 10% of the private allocation has 3 months cliff after TGE and the rest of it will be vested daily over 18 months.
Strategic: (3%) 10% of the strategic allocation has 3 months cliff after TGE and the rest of it will be vested daily over 15 months.
Public: (1%) will be open 100% since TGE.

Strategic Partnerships & Marketing (10%)

This allocation is for building up strategic partnerships with potential partners who can make synergy with us for Sportium. One’s who can bring actual IPs on the table, and entities that contribute to building a robust ecosystem will be entitled to this allocation.

IP (7%)

One of the most important factors to develop NFTs on Sportium is IP. So far, we have secured the IPs of four Korean pro sports leagues: K-league, KPBAA, KOVO, and KBL. These are the main leagues for soccer, baseball, volleyball, and basketball. IP allocation is 7% of the total volume. Part of it could be allocated to partners who contributed to securing the four IPs. When we have a detailed plan for allocating tokens to them, we will announce it to the community before executing. To keep securing more IPs for more NFTs on Sportium, we are willing to allocate tokens in this IP allocation to the partners for contributing to securing IPs.

Reserve (3%)

The reserve is controlled by the Sportium Core team which serves a broader purpose including furthering the development of value-adding products and features, community disbursement, partner grants, development, and maintenance of the Sportium ecosystem development. Total reserve allocation will be time-locked for 48hours since TGE.

About Sportium

Sportium is a multi-faceted sports NFT platform with the goal of bringing traditional sports to the Metaverse.

Using the platform, various sports and pro leagues can easily enter the crypto sphere and create fan communities built around officially licensed intellectual property (IP). Each sport or league can be implemented as a customized decentralized application (DApp) in the Sportium ecosystem. Users can collect, trade, play, and earn through Sportium DApps. The inaugural DApp in the Sportium ecosystem is ELVN. ELVN is officially endorsed and licensed by K-League, the top professional soccer league in Korea.

Users can purchase card packs and open them to reveal Moment NFTs, which are highlight clips from K-League matches. They can trade their moment NFTs on the integrated marketplace. Users can further accumulate collection points by purchasing their favorite moment NFTs or packs, leading to additional benefits on the platform.