The Globatalent: Platform is a decentralized and transparent marketplace of athletes and clubs based on tokens

Hello investor, this time I will discuss the cryptocurrency project from Globatalent. This news I took from Globatalent website and whitepaper, here is the summary:

The sports industry is “different”. It allows the emotions of entire communities of people to be set free and share vibrant moments with its fans, and allow an experience rarely found in any other industry. However, many clubs and athletes will never achieve their sporting goals, due to financial problems. The world of sports, as we know it, needs to change. Economic needs should not stop young talent from developing and sports organizations should be financially empowered to allow freedom of all global talent.

The Globatalent Platform is a decentralized marketplace where investors and fans can invest in clubs or players and obtain returns by buying and selling future benefits guaranteed by their image rights, player transfers, prize money, salaries, ticketing, TV contracts or any other income they receive.

The Globatalent Platform will reduce the club costs of buying new player rights as they will not need to work under the terms of investments funds. It will help young athletes to be in direct contact with their fans and to allow them to receive financial support to continue their careers. It will create stronger bonds between fans and their favorite sports stars and clubs.

The Globatalent Platform will help the global sports community obtain financial support to carry on their activities, promote more healthy lifestyles, and eliminate the ability of third parties to take advantage of clubs and athletes that have financial needs.

The Globatalent Platform, a public blockchain project, will be in charge of ensuring and applying all fair-play commitments and will push for a fair sports industry to promote values like sacrifice, commitment, fair-play, effort, perseverance, determination, discipline, modesty and honesty

The Globatalent Platform will develop a tool that will allow clubs or players to sell their rights (sporting rights, image, and future incomes) to their fans. Clubs and players can be funded by the partial sale of their future income rights and allows them to continue their career or season.

The sports challenge

Problems and Solutions

Nowadays, clubs and athletes have different ways of obtaining financial support. Their incomes usually arise out of TV rights, ticketing, sponsoring, hospitality, prize money and other minor sources of income.

֍Current club problems

In soccer, an example of this existing problem is that hedge funds and other investors have lent money to some clubs to purchase sporting rights of players over the last few years. They usually lend the club any amount of money at a high interest and they also keep a 30% (minimum) of the future players’ rights. When the club sells the player to another club, the investors receive 30% of the total amount and also the interest payable on the total amount the club has borrowed.

֍The solution for clubs

The Globatalent Platform will help clubs receive financial support, decentralize the sports industry and allow fans to invest in their teams. Through the Globatalent Platform, clubs will be able to sell and tokenize their rights and receive profits and benefits in advance while enjoying their all-star players’ performances.

֍Current athlete problems

A young tennis player with a great deal of talent needs economic support to get on the ATP Top 100 or Top 50. In his or her early stages when they are aged fourteen or fifteen years old, they need to travel all over the world to get ATP points that allows them to get onto the ATP list. However, what happens if this talented youngster does not have the economic support to travel all over the world?

֍The solution for athletes

The Globatalent Platform will allow young players to sell parts of their future incomes without having to have an everlasting mortgage on their own life. Fans will become interested in supporting a young talented player and receiving a profit for doing so. The Globatalent Platform community will make sure that young athletes will have a chance to manage their own lives and benefit from their own talent.

Our Model Sale of Right

Token sale summary

֍Token sale details

• Token Symbol: GBT
• Private Pre-Sale: A round of private sale with take place before the Public Sale
• Public Sale: 18th June, 2018 to 30th June, 2018
• Soft Cap: USD 5,000,000
• Hard Cap: USD 35,000,000
• Maximum numbers of token generated: 1,000,000,000 tokens
• Maximum available for purchase: 500,000,000 tokens
• Platform (Token type): Ethereum (ERC20)
• Accepted Currencies: ETH, BTC, Fiat
• ETH/USD ratio: The price of ETH will be fixed based on the ETH average price for 2 weeks prior to the Private pre-sale start date
• Token Release Schedule: The Token Launch completes either end of Public Sale or when the Hard Cap is reached. Tokens will be distributed at the end of the Token Launch
• USD Price per token: USD 0.07
• Discount: Refer Table Discount Schedule

֍Token distribution summary

֍Discount schedule

The public sale discounts are based on a chronological order. The early buyers get higher discounts than the later buyers.

 ֍Token lock-up period

֍Use of funds – allocation summary

The funding will be allocated to multiple aspects of the project. The largest part will serve for developing the Globatalent Platform and the Marketing and Community Building, but we also need budget for supporting activities.

RoadMap

The TEAM

ADVISORS

For more the informations:

Website | Whitepaper | ANN Thread | Twitter | Slack | Telegram | linkedin | Medium | Instagram

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