One of the biggest advantages offered by blockchain technology is the potential to distribute the profits generated by large, centralized industries. A new blockchain based solution is aiming to apply this concept to the multi billion dollar sports industry, allowing participants to profit from their passion for sports.
Scorum is a highly innovative new blockchain platform that is focused on disrupting sports media by changing the way fans participate in the industry. Sports media generates more than 8.5 billion visits to various media sources on a monthly basis, generating massive profits that aren’t shared with sports fans.
The Scorum platform aims to change this paradigm by providing community members with digital currently for their participation. In order to launch their platform, Scorum is about to launch an initial coin offering, which is gathering a significant amount of interest- the platform has recently captured more than $800,000 in a highly successful pre-ICO.
In this article, we’ll take a look at the Scorum platform and examine how it plans to function. We’ll also assess the specifics of the upcoming Scorum ICO and find out what it offers investors to help you determine whether it’s worth participating in.
What Is Scorum Coin?
The Scorum platform is driven by the mission of uniting sports fans around the world into one comprehensive media platform upon which users are rewarded for their participation. The Scorum platform has already gathered a significant amount of support from prominent athletes, including Timofey Mozgov, NBA champion with the Cleveland Cavaliers, and UEFA Champions League winner Alexander Hleb.
Speaking on the platform, CEO Vladislav Artemyev has explained the structure of the Scorum system:
“While sports media websites profit from 8.5 million monthly visits, their audience doesn’t get a cent. We decided to solve this problem by combining blockchain technology with a strong economic model. Our solution has three core principles: supporting cryptocurrency with real economy; rewarding all of the participants of the Scorum ecosystem; and distributing benefits in a clear and fair manner moderated by the user community.”
The Scorum platform will offer three main services, the first of which is a sports-optimized blogging platform that is designed to reward active and popular users. This element of the platform will provide rewards in the form of cryptocurrency for both content creators and curators.
Community members that publish posts, vote on other posts, comment, and upload photos will all be provided with crypto currency for their contributions in a similar manner to Steem, another crypto focused social media platform.
The Scorum platform also integrates a dedicated model that is designed to reward sports writers, providing them with access to interactive graphics, a large photo database, and sports analytics.
The second element of the Scorum platform is an advanced statistics center that integrates AI-enabled services. This element allows users to view live streams of sporting events, as well as browse through an encyclopedic database of stats.
The Scorum statistics center is intended to function as a one-stop solution that provides sports fans with all of the information they need at their fingertips, and allows them to keep up with the latest news and updates. Fans seeking deeper levels of insight are able to browse AI-driven services that provide advanced sports data, such as intelligent predictions.
The final element of the Scorum platform is an intelligent, commission-free betting exchange. This exchange eliminates third parties from the betting process, and provides completely transparent registration and betting. The transparent nature of the Scorum betting exchange makes it provably fair, and is executed by smart contracts.
Users of the Scorum betting exchange are able to bet against each other in real time, as well as trade in real time throughout sporting events. The platform offers cryptocurrency earnings for all kinds of users, and contains an integrated advertising platform which is complemented by a partnership program with sporting goods companies.
A key point of the Scorum platform is that they already offer a beta platform that can be used to assess the capacities of the services it offers, which has contributed to the success of the Scorum pre-ICO. Scorum is also partnered with Microsoft, and has been accepted by the Microsoft Accelerator program.
The Scorum Coin ICO
The ICO will begin on January 14, 2018, and will make 18.6 million of its Scorum Coins (SCR) available for purchase. A further 470,000 SCR will be reserved for the Scorum team, and another 930,000 reserved for the affiliate program.
65% of the funds generated in the ICO will be dedicated toward development of the Scorum platform, while 20% will be reserved for marketing. The final 15% will be reserved for the Scorum legal team.
During the first 2 million sales of SCR tokens in the Scorum ICO, a 25% discount will be applied. The next 3 million tokens will be available at a 10% discount. The remaining 12 million SCR will be sold at the baseline rate, which is $1 USD per SCR token.
Scorum Coin Conclusion
Once the Scorum platform launches, it will be the biggest sports-based blockchain platform in existence. With a beta already available for trial and a strong pre-ICO, the Scorum is set to revolutionize the way sports fans interact with sports media in future.