How Will It Actually Work? Part 2
In Part 1 we focused on the SportyFi Smart Manager platform. Let see how the SportyFi Professional Fund will disrupt the sports industry.
SportyFi’s Token Crowdsale, starting Nov 21, will allocate a part of the funds raised during the SPF Token Pre-Crowdsale and Crowdsale into the SportyFi Professional Fund. All funds raised over $9,000,000 up to the hard cap will be allocated into the fund.
The Fund will invest into athletes with the greatest perceived potential. The following rights might be considered in exchange for an upfront investment:
- a share of future image rights of an athlete;
- a share of future sponsorship proceeds;
- commercial rights relationships;
- a share of transfer rights;
- other athletes’ economic rights.
The Fund will operate on the basis of a two-tier decision-making process: The Executive Management will operate and run the day-to-day business of the Fund, while the Advisory Board, consisting of five (5) members, selected from veteran competitors, coaches, scouts, managers and other successful specialists, approves the athletes with the greatest potential, agrees on all the elements of the investment with them, and thereafter confirms the athletes are ready to be submitted to DAO voting.
In the process of the DAO voting, all SPF Token-holders will be invited to vote on the investments. If the DAO voting confirms the investment into an athlete, the Executive Management will prepare all the required documentation, setting the investment into motion.
SportyFi will reinvest 70% of the profit generated by the Fund by purchasing SPF Tokens on the market and investing them further into new athletes, clubs and other sports organizations.
Need more details? Check out the SportyFi Website or read the SportyFi Whitepaper. And come chat with us on Telegram.
