Overview
What is Sport Valued Tokens?
Sport Value Tokens (SVT) are crypto tokens representing athletes in different sports (Football, Basketball, Cricket) offering performance based rewards to their holders. SVT is also a Web 3.0 protocol governed by a DAO. A protocol in the web 3 context is a set of smart contracts executed on a blockchain in a decentralised way. The SVT protocol regulates the issuance of tokens representing athletes. It also orchestrates performance related payouts. Each player is scored like in Fantasy Sports games, using statistics from real sports events . SVT protocol is governed by a community driven DAO, using governance tokens (called Sport Value Coins or SVC). SVC token holders have voting powers. SVT is a revenue generating protocol. The revenue from protocol fees is distributed to SVC token holders.
SVT is also an ecosystem composed of:
the tokens representing sports players
the SVT protocol
the community
SVT DApp (The Frontend)
a free to play game powered by the protocol
other third party apps and protocols
Our Core Principles
Transparency: leveraging blockchain, transactions and rewards mechanisms are public and verifiable
Sustainability: transparent tokenomics, no free money, no ponzi mechanisms, clear reward rules, executed by smart contracts on chain, no pump and dump or "rug" pulls are possible. This can be verified by third parties directly on the blockchain.
Community driven: owned by the community organised in a DAO. Key decisions are voted by governance token holders. No single owner or operator.
Global Reach: no geographical restrictions, open to everyone Innovation: we don't stop with the launch, it is just the beginning of an iterative and evolutionary process.
How to Win
SVTs can be traded any time on our exchange or on any other exchange. Players are scored when the play matches. The score is then converted to payouts to token holders. You earn when players perform relative to other players. You can earn by buying and holding quality players, or you can decide to trade and profit from price appreciation of the tokens. You earn when players in your portfolio perform well. You can earn by buying and holding tokens of athletes that perform. Or you can decide to trade and profit from the price appreciation of the tokens.
Community Incentives
SVT offers loyalty points and player tokens to its community member for different contributions. There is no airdrop to users who have not contributed.
Dxample of actions that are rewarded:
Follow us quests
Guess the winning team
Quizzes and Polls Guess the star player
Share content Invite a friend (Referrals)
Bug bounty
Perform a trade
Trading competition: best traders get bonuses
Play for free
SVT allows multiple apps to be build on top of the protocol. We have built an app which is a fantasy game, free to play, using the game mechanics of SVT. It still allows you to win prizes for achieving great results and be at the top of the leaderboard.
Last updated