SportyCo SPF ICO: SportyFi Athlete Crowdfunding Platform?
If you look at the blockchain and cryptocurrency market, you can clearly see how it is reinventing itself every day so you can have more options and better deals. SportyCo, the company that we are going to review today, is a new blockchain company which enables you to invest in athletes.
What is SportyCo SPF?
Have you ever wanted to invest in athletes? Imagine that you could have had the chance to invest in some of the most important football players of today, people like Messi or Cristiano Ronaldo. Would you not be glad that you invested in their careers early on? You might not know this, but if not for the trust and investment of some club, Messi would not have been one of the greatest players ever today.
With the goal of uniting investors and athletes and helping them both, SportyCo was created. The big idea of this company is that you will be able to use its own cryptocurrency to invest in athletes all over the world in many different sports like football or tennis.
Many new and young athletes, especially in underdeveloped countries, face many struggles when they have to professionalize and grow in their careers. By using SportyCo, you will have the chance of investing in this very profitable industry and these athletes will have more financing. This can be a great trade-off for you.
This company is supported by football stars like the Brazilian football players Ronaldinho Gaúcho and Roberto Carlos and giants of the blockchain industry like Charlie Shrem, a founding member of the Bitcoin Foundation, so you can be sure that you can put your trust in this company.
SportyCo was called SportyFi before, but it changed its name to create a more individual personality (and not to be confused with Spotify).
How Does SportyCo Work?
Basically, athletes can use the SportyCo platform to seek funding from investors. If you are an athlete, you can ask for funding and start your campaign. Investors will be able to pay using the SPF tokens created by SportyCo to invest in this athlete. The athlete will then be able to use the tokens to pay for its training.
The trade-off for the investors is that the athlete will pay the money back. Let’s say that an athlete needs $200,000 USD right now and that it is willing to pay 25% of its earnings in the next 10 years to the investors if he is able to get his funding. This means that the more you invest in an athlete, the bigger will be the share of tokens that you will receive from this athlete in the future.
The athlete is generally free to choose how it is going to pay its investors back, so you should note that every case might be different. The more the athlete is willing to give, the more probable it will be that his campaign will be successful.
This can be a very profitable business for both the athlete and the investor, as they both will get their money. The company believes that the return on investment of the investors can be received very quickly and that, in the case of a successful athlete, the investor can be already receiving profits after a single year.
How to Invest in SportyCo?
If you are interested in this company and you wish to start investing in athletes right now, you can buy SPF tokens from the company. Unfortunately, you will not be able to buy the SPF tokens in an Initial Coin Offering (ICO), as they are already in cryptocurrency exchanges.
The company states that you will be able to buy SPF tokens in the following exchanges: EtherData, ChaosEX, HitBTC, OKEX and LiveCoin.
SPF tokens are ERC20 Ethereum-based tokens, so you will be able to store them in any Ethereum wallet that you find online. The SPF tokens cost about $1 USD per token at the moment of this report.
The SportyCo SPF ICO Verdict
Is SportyCo the right company for you? If you are interested in sports or if you are an athlete yourself, you can use this company. If you seek funding, you should read the rules of the company carefully and elaborate a great plan to seek funding. You will get more money if you take your time and develop a great campaign instead of just asking for it. Unknown athletes need all the media they can get.
On the other hand, if you are an investor, you just have to buy your tokens and look for the best investments. There is a lot of them, so you also have to take your time and look for the right ones if you want to make the best investment. Investing in SportyCo is investing twice because you buy the tokens, but the real investment is finding the right athlete.
If you liked this company, go for it. You can achieve an excellent return on investment in under a year if you learn how to use SportyCo well.