What Is Jetcoin Institute?
Eric Alexandre, who is also a co-founder of the JetCoin institute, created JetCoin. At the time, of its development, Eric was working as the MD of Elite Models. He had an idea where people would be able to invest directly in talent and earn revenue according to how successful the talent became. However, he had not yet heard of crypto. When a friend invited him to a crypto conference, everything clicked. He quickly saw how he could leverage the blockchain to create a marketplace where anyone globally could invest and benefit from their favorite sports star.
What Is The Problem Jetcoin Institute Seeks To Solve?
According to Eric, a few powerful agents and major international agencies dominate the sports world. When starting their careers, sports players face various challenges. For one, they have to struggle to get recognition. In most cases, Alexandre saw that most players who did not have the right kind of advice usually ended up being taken advantage of. He saw that some of these players usually ended up signing away their economic rights and even a portion of their salary to agents.
The goal of Jetcoin is to deal with these issues. Thus, athletes can get the right kind of support. For instance, Eric noted that it was common for clubs to force athletes to play, despite their physical condition. This usually leads to some serious injuries for players.
However, if a player had the right kind of support around them, they would only play when it is appropriate. The right kind of support will ensure that they are always in peak condition. Besides that, it will ensure that they have recovery programs in the contracts for when they are injured. When fans are able to invest in their athletes directly, this will be much easier to achieve.
How JetCoin Sports & Entertainment Talent Token Investing Works
With Jetcoin, fans get an opportunity to get a small portion of the athlete’s future earnings. As an athlete becomes more successful, the fan’s benefits from the athlete will also grow. The Jectcoin institute has been designed in a manner that will allow athletes to concentrate on training with full knowledge that their development needs are being met.
The Jetcoin blockchain will be based on the proof of stake model. It helps to secure the network and achieve the distributed consensus. This decision to use the POS model was arrived at after they saw how much mining power it takes to mine coins.
As the champion improves on the field, the value of their asset will also grow. This can, in turn, be revenue for the supporters and fans. Alternatively, they can choose to sell their coins whenever they need to. There is also the option to invest in a pool of jetcoin champions. Those who sign up to this pool as athletes will release a percentage of their IP rights to the pool; this will be used to fund operations of the Jetcoin institute.
Jetcoin Institute Conclusion
Right now, Jetcoin has already managed to attract interest from major stakeholders in the sports sector such as Stadia, Samsung Sports Flow, and Pogoseat. The final goal of the project is to create a stable group of champions that are supported by millions of fans globally. This project aims to show that community engagement can make a huge difference in someone’s life. To learn more visit their website today.