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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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Reading Time: 3 minutes

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

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Cryptocurrency

Guide to gambling with Ethereum in 2020

George Miller

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Guide to gambling with Ethereum in 2020
Reading Time: 4 minutes

 

Cryptocurrencies have become mainstream enough for gambling venues to considering offering options for players to pay via cryptocurrencies and we’ve been seeing this trend mostly in online casinos even though some of the traditional casinos are starting to catch up, offering classic casino table games where players can utilize cryptocurrencies. But with this new trend, there are new challenges, a couple of changes in the way casinos accept payment or offer the wins so it’s important to have a clear understanding of what’s different when gambling with cryptocurrencies, specifically with Ethereum.

The first steps

The step by step process is largely the same as with any regular casinos where you pay with cash, or in case of the online casino, you open up an account, make a deposit and wait for a win. When playing with Ethereum and we will largely cover the online casinos in this article the process is the same and you need to take the same steps, but there are differences in details because we are dealing with a different sort of currency. The process of opening the account will be the same in all online casinos.

One of the perks of online casinos is the easy registration process, but when you are planning to play via cryptocurrencies the anonymity of the payer is guaranteed so you will be playing Anonymous, only needing to write down your address and come up with a strong password in order to start looking for the what sort of deposit you want to make. Now, before you decide to transfer your assets, it is important to make sure that you are dealing with a license, legit online provider because the cryptocurrency industry is still new and in a lot of ways harder to control. It’s more difficult to prevent crime and in case of the wrongful transfer, your assets will be lost forever so it does require way more caution when gambling with cryptocurrencies because the stakes are higher and a lot more things should be considered besides selecting an appropriate amount to gamble on. Before you make the transaction the casino asks that you write down your unique Ethereum wallet address, and then making sure that you transfer the money to the correct casino wallet. According to the ethereum gambling guide on InsideBitcoins the transactions should take no longer than 10 minutes for the deposit to appear on the website and you should be able to start playing right away. Just remember to treat the transaction process with much more attention as to not mess up the wallet number and make sure that your transaction reaches its destination. After that, you should head over to the bonuses section to make sure you claim your rewards. The best option would be to read up about the bonuses even before you registered with the specific casino to be able to choose the one that sounds most appropriate to you.

What’s the difference

In general, when dealing with online casinos do your research read review, whether you will be playing with debit cards or cryptocurrencies. Many of the casinos have outstanding bonuses while others are quite basic and you will probably have to fight a lot to actually get them. Read about the available bonuses beforehand to make sure that you’re getting the best version out there, based on what games you actually want to play in the online casino.

While you might think that since you are paying in Ethereum the games will also go on referencing your assets through Ethereum that would make things rather difficult.

During the games, you will have your assets displayed in USD making it easier to control how much you want to spend and how much you can afford to lose.

When it comes to withdrawals the process is similar. You would usually go to your account info and look for the withdrawal button. The website will ask for your Ethereum wallet information again and just like during the deposits you need to be careful to make sure the information is corrected because if the information is invalid or if it goes to someone else’s wallet there is no getting that money back or tracing where it went. You can select how much you want to withdraw in Ethereum and get your wins in minutes.

When it comes to the game you can play for Ethereum the choices are not limitless but they do cover all the bases. You can play almost any classic card game like blackjack, a variety of poker games, roulette and other more conventional casino games on a lot of websites and make deposits in Ethereum. You also have many options when it comes to video slots which, considering they are one of the easiest casino games to get into no surprise that there are a lot of options here. You can choose from different themes, bonuses and difficulty levels but if you are a fan of video slots you will have no problem finding the right one for you to play using Ethereum. The types of games that Ethereum casinos will offer are largely the same but they might differ in variety considering the crypto casinos aren’t as popular as a regular online casino they also have fewer options but as mentioned above they provide all the basic categories of games. The bonuses in Ethereum casinos work similarly to regular ones as well. For example, the most popular way that casinos grant bonuses is that they match your deposit with a bonus. For example, if you start gambling by depositing 1 ETH, upon the first time the casino will grant you an additional 1 ETH to match the one you’ve invested in the casino. Make sure to check the percentage to which the casino will match your deposit to make sure you’re getting a good deal out of it.

Bonuses

Not much is different between playing with crypto VS playing with regular currency, But considering the importance of those small differences, it still crucial that you know what to treat differently in this particular online casino. The basics of gambling like wagering requirements and time limits to meet those wagering requirements are there. The most important thing you can do to ensure the best experience is to search the information about the provider and to make sure that you are  that has a good reputation.

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Cryptocurrency

Vodafone Group Quits Facebook’s Libra Cryptocurrency Project

Niji Narayan

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Vodafone Group Quits Facebook’s Libra Cryptocurrency Project
Reading Time: < 1 minute

 

Vodafone Group has become the latest company to quit Facebook’s cryptocurrency project, Libra.

Facebook announced in June last year that it would launch the digital currency in partnership with other members of the Libra association. But the project quickly ran into trouble with sceptical regulators around the world. In October 2019, the world’s biggest economies warned cryptocurrencies such as Libra pose a risk to the global financial system.

The Libra Association has seen an exodus of backers including Paypal and Mastercard amid regulatory scrutiny. Payments giants Mastercard and Visa pulled out of the Libra project in October, citing regulatory uncertainty. Paypal and eBay have also withdrawn from the scheme, which is backed by ride-hailing companies Uber and Lyft.

“Vodafone Group has decided to withdraw from the Libra Association. We have said from the outset that Vodafone’s desire is to make a genuine contribution to extending financial inclusion. We remain fully committed to that goal and feel we can make the most contribution by focusing our efforts on (mobile payments platform) M-Pesa,” a Vodafone spokesperson said.

“Although the makeup of the Association members may change over time, the design of Libra’s governance and technology ensures the Libra payment system will remain resilient,” Dante Disparte, head of policy and communications for the Libra Association, said.

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Blockchain

Bethereum awarded the highest rating ever in prestigious review!

George Miller

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Bethereum awarded the highest rating ever in prestigious review!
Reading Time: < 1 minute

 

In an extensive report, prominent research house Blockfyre just awarded Bethereum with the highest rating they’ve ever assigned to any of the 60+ projects they reviewed (relative to maximum points).

Blockfyre is one of the leading analytic researchers providing valuable investment insights into Blockchain and cryptocurrency assets.

Their report on Bethereum highlighted how the innovative peer-to-peer betting platform provides a real solution to key industry challenges. In particular, their analysts appreciated how Bethereum aims at bringing fun and social into betting by implementing industry-first gamification and social elements. They were also impressed by Bethereum’s large and active community as well as the solid team and advisors. Check out the report here.

Blockfyre gave very warm support to the project, stating: “As the market matures, the only projects that will survive are the ones with market-fit products and a good revenue model. Bethereum has a very interesting idea that can potentially disrupt the online betting market, combined with a small market cap and a working product, which makes it a project to keep an eye on. The Bethereum team has a very strong presence at conferences and pitch contests, which brings a lot of awareness and networking and with the amount of awards and pitches they managed to win show the potential of the project and the recognition of the idea.”

Giacomo Tognoni, CEO at Bethereum, said after the report release: “I was very impressed with the professionalism of the Blockfyre team. Their analysts asked us very meaningful questions and were capable to derive powerful insights. The report is succinct, well written, and captures the essence of our vision and current standing. We are truly honoured for being evaluated as their highest-rated project to date, and we will keep doing our best to deserve this kind of recognition.”

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