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The Crown League launches nation’s first professional fantasy football league owned by the public, managed by experts and run entirely on blockchain technology

Zoltan Tundik

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TODAY IS THE FIRST OPPORTUNITY TO PURCHASE AN INVESTMENT STAKE IN THE LEAGUE THROUGH NEW SECURITY TOKENS THAT WILL POWER ITS UNPRECEDENTED OWNERSHIP EXPERIENCE

Investors and Fans Can Learn More About the Platform at TheCrownLeague.com

NEW YORKAug. 14, 2018 – The Crown League – the first professional fantasy football league owned by the public, managed by experts and run entirely on blockchain technology – has announced its first token offering for the new sports paradigm that blurs the line between gaming and investing, fans and owners. The announcement was made by Founder and Chief Executive Officer Dan Nissanoff.

The Crown League is launching the presale of its league security tokens – the Crown League token (CRL) – in a Reg D SAFT offering to accredited investors and a Reg S SAFT Offering to international investors. This is expected to be followed by an offering in which the franchises’ security tokens will be sold to the public. The offering is being led by Americas Executions, LLC, “AmerX,” a FINRA regulated investment bank.

The Crown League Inaugural Draft is scheduled for the summer of 2019 followed by the launch of its inaugural season in September 2019. Specific franchise markets, general manager appointments and other details are planned to be announced this fall.

Investors can visit TheCrownLeague.com for more details on The Crown League, this initial pre-sale offering and informational videos on how the league will operate.

FOUNDERS, EXECUTIVE TEAM AND ADVISORS

“The Crown League will fundamentally change the way fans invest their passion as well as their financial resources as owners of this league or the franchises,” said Nissanoff. “My co-founders, Derek Siskin and Mat Sposta, and I, as well as our entire executive team and Board of Advisors, are incredibly proud of the work that has been done up to this point to ensure The Crown League’s success.”

The Crown League’s executive ranks and Board of Advisors are filled with respected and successful individuals from across the tech, finance, gaming and sports industries. The list of executive team members and advisors can be accessed via thecrownleague.com/our-founders/.

HOW THE CROWN LEAGUE WORKS

The Crown League’s structure and operations will be similar to those of our nation’s iconic sports enterprises with a league collectively owned by its franchises, professional management, and a dynasty structure to develop deep player rosters over time. The league intends to launch with twelve inaugural franchises representing key geographical markets throughout the United States.

Each franchise will be led by a seasoned, high-profile GM who together with a dynamic front-office staff, will be responsible for the day-to-day operations of their teams. These teams will be constructed at a live inaugural draft to build legacy franchises – with all subsequent drafts restricted to incoming rookies and free agents. Franchises within The Crown League will be fractionally-owned by large communities of individuals who will collectively govern their teams as well as share in their profits and value appreciation.

While GMs will be responsible for their team’s decision-making, they’ll ultimately be accountable to their owners who will collaborate to influence strategy and vote together on pivotal matters pertaining to their team, including the retention or replacement of their GMs.

TOKENOMICS AND REVENUE GENERATION

Financial interests in both the league and franchises will be represented by securitized, digital tokens that feature profit-sharing rights. It is anticipated that these tokens will be listed and traded on regulated ATS exchanges.

Franchises will compete each season for their share of a pre-designated allocation of the league’s tokens, and receive distributions based on several factors including winning weekly matchups, achieving predefined statistical benchmarks, and how they place at the end of each season.

Each year, teams will transfer a portion of their earnings to their owners in a dividend-like distribution, enabling them to receive their share of any profits generated from traditional sports revenue streams including sponsorships, advertising, merchandising, licensing, event ticket sales, and more. The better a franchise performs, the more league tokens it will earn. The more league tokens it earns, the larger the distribution to its owners as they receive a greater share of the league profits.

For more information on The Crown League, go to TheCrownLeague.com

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Blockchain

Galatasaray SK To Move Into Cryptocurrency Through Chiliz-powered Platform Socios.com

George Miller

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Galatasaray SK To Move Into Cryptocurrency Through Chiliz-powered Platform Socios.com
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Chiliz, a leading sports and entertainment blockchain company,  announced a new partnership with Galatasaray Spor Kulübü, the 2018-2019 Süper Lig Champions. The Lions (Aslanlar) – the only Turkish club to have won a major UEFA competition – will join the likes of Paris Saint-Germain, Juventus, West Ham United, AS Roma and Atlético de Madrid in joining Socios.com, a first-of-its-kind, blockchain-based, influence and rewards mobile app for football fans.

Socios.com offers football fans a new way to interact and to get closer to the clubs they love through ownership of digital assets known as Fan Tokens. The Official Fan Token of Galatasaray will allow fans to vote in club-delegated polls, helping to decide on topics that the club put up for fan vote. Poll topics include new official product designs, matchday activities and in-stadium experiences, as well as sponsorship campaigns and collaborations and social media content. The more tokens a fan holds, the greater the influence they can have, and the more fans interact with Galatasaray through the app, the more rewards they can earn, competing for club-specific once-in-a-lifetime experiences and enjoying exclusive rights. In the future, fans will be able to gain access to exclusive merchandise, games and leaderboards.

The Galatasaray Fan Token will go on sale, exclusively through Socios.com, in Q1 2020 through a process known as a Fan Token Offering™ or FTO. Crypto-savvy fans can also use Socios.com’s native token, Chiliz (CHZ) – a digital currency for blockchain-backed platforms and products as well as mainstream users – which can be transferred from cryptocurrency exchanges such as Binance.com, straight to the in-app digital wallet. Fiat currency purchases will be exchanged to CHZ in the app itself, meaning the process of buying Fan Tokens will be effortless and much the same as any e-commerce purchase. Thousands of Galatasaray Fan Tokens and CHZ will also be given away for free through the app’s augmented-reality geo-location feature Token Hunt.

Dorukhan Acar, Board Member of Galatasaray Spor Kulübü said: “As Galatasaray, we are very pleased to join forces with Socios.com and start an exciting journey. This new partnership opens a world of new opportunities for us with respect to our fan engagement and global reach as well as being another milestone in our digital transformation strategy.”

Alexandre Dreyfus, CEO & Founder of Socios.com said: “We know that Turkey is a very digitally savvy country – a Statista report* earlier this year indicated that the Turks are early adopters of digital innovation, including cryptocurrencies – and we also know that Turks are enthusiastic football fans. Our product combines the two greatest passions of the Turkish people and we’re delighted to partner with Galatasaray, a giant of the Turkish football scene, to offer Fan Tokens to their millions of fans. This partnership marks another great step forward in opening up cryptocurrencies and Chiliz to millions of fans around the world.”

*Source: Statista Global Consumer Survey 2019

About Chiliz:
Chiliz is a digital currency for sports and entertainment platforms. It fuels the world’s first scalable, tokenized voting platform, Socios.com where fans can buy, trade and execute voting rights in their favorite sports teams. The Chiliz project has raised $66 million from some of the world’s largest cryptocurrency exchanges and leading crypto funds in Asia, including Binance, OK Blockchain Capital and Ceyuan Ventures. Chiliz is owned by Malta-based Mediarex Group, a global sports and entertainment organisation, which was founded in 2012.

Socios.com helps football clubs achieve digital transformation through blockchain technology. Socios.com is powered by the Chiliz token ($CHZ), both an ERC20 utility token on the Ethereum blockchain and BEP-2 token on Binance Chain. Fan Tokens are specific to a team or a club, and are a finite, digital asset that provides access to an encrypted, immutable ledger of voting and membership rights ownership. The tokenized fan-voting platform uses Fan Tokens, which operate on a separate permissioned side chain. The Fan Tokens are limited in number, and are fungible, meaning their ownership can be traded, and their price is driven by the market. The platform has been developed to help sports teams increase fan engagement and achieve essential investment from fan-monetization. The venture was inspired by the fan-led management frameworks or ‘socios’ of some major football clubs. Dubbed ‘Socios 2.0’, the platform simply represents the digitisation of this model of management.

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Cryptocurrency

Unikrn Wallet 2.0 Brings New Cryptocurrency Compatibility to World’s Most Robust Crypto Wagering Platform

Vlad Poptamas

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Unikrn, a global leader at the intersection of blockchain, entertainment and wagering, is opening its crypto wallet and platform accessibility to Bitcoin, Ethereum, Dogecoin and many others, pushing the boundaries of how cryptocurrency is traded, stored and utilized. New crypto users can deposit in Unikrn wallet 2.0 for a 300% deposit bonus with code WALLET (T&C’s apply).

The wallet functionality is powered by Bittrex International, one of the world’s most trusted cryptocurrency exchanges, and is expected to lead the charge of a shift toward crypto functionality with real products.

Crypto enthusiasts will now be able to directly trade and store a wide variety of cryptocurrencies on Unikrn, and easily make conversions into platform tokens called UnikoinGold (UKG). With thousands of esports betting markets, streamer betting, traditional sports betting, 24/7 virtual markets, an online casino, a gaming store and other partners, the new Unikrn Wallet will become one of crypto’s first mainstream platforms for using crypto for more than holding and trading.“We’re excited for Unikrn to be a Bittrex Enterprise Wallet customer,” said Bill Shihara, of Bittrex International, “I believe in cryptocurrency’s power to revolutionize commerce. Platforms like Unikrn are leading the way for a future where you don’t just buy cryptocurrency, you use it for anything you want to do. As a Bittrex Enterprise Wallet customer, they can give their users secure access to hundreds of cryptocurrencies without needing to build their own wallet infrastructure.”

Unikrn UMode is also the international home of skill-betting for popular online games such as Fortnite, League of Legends, CS:GO, Halo 5 and Dota 2. These bets, along with store purchases, prize drawing entry and all other Unikrn functionality can be seamlessly financed with deposited or held Bitcoin, Ethereum or other major cryptos.

“Finding a zero-friction way to let our fans leverage their favorite cryptocurrencies on the Unikrn platform is one of the biggest requests we get from customers,” said Rahul Sood, Unikrn CEO. “We’re also happy to allow TRON users to easily deposit in, where all TRON users get higher deposit limits, and can now seamlessly convert their TRON into UKG and back directly on the Unikrn platform.”

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Cryptocurrency

Apple Card Bans the Purchase of Cryptocurrencies

Niji Narayan

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Apple Card Bans the Purchase of Cryptocurrencies
Photo Source: macrumors.com
Reading Time: 1 minute

 

Apple Card, a new credit card partnership between Goldman Sachs and Apple Inc., is going to launch soon.

The customer agreement of Apple Card said that the card cannot be used to purchase cash advances or cash equivalents that include cryptocurrencies, casino gaming chips, race track wagers or lottery tickets.

The Apple Card is part of a broader effort by Apple to derive more of its revenue from services after years of heavily reliance on iPhone sales, which declined 12% in the most recent quarter.

Apple and Goldman are not alone in banning the purchase of cryptocurrencies. Major American and British banks Lloyds Banking Group Plc and Virgin Money VM.L also banned such purchases. The banks were concerned that volatile prices could leave consumers saddled with debts they could not repay.

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