FNCT
Builds communities and ecosystems for sports clubs
Status
Not set
Live
Live
Chains
Polygon
Category
Collaboration
Category
Channel Partner
Partner Type
No items found.
Integrations
VRF
Product Type
VRF
Industry
No items found.
Collaboration
Year
2023
Collaboration
Social
Integrations
Channel Partnership Details
August 25, 2023
Financie Engages Technical Collaboration with Chainlink
Read more
VRF
About
FNCT

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FiNANCiE is a platform that builds communities and ecosystems for sports clubs and creators to work with fans to realize their dreams and goals.

The trend of Web 2.0 has changed so that what could not be done without the organizational capabilities of "companies" can be realized by "individuals". This trend has created an economic zone called the "creator economy" and created creators who are active on many platforms.

However, even in the creator economy, at present, only a huge platform and some creators are making big profits, and it is not possible to return clear profits to the many fans who support us. Another issue is that there is no mechanism to respond to the fans who have supported us since the time when we were not well known.

In order to solve these issues, FiNANCiE provides a mechanism to return maximum profits to creators and fans through "tokens (CT)".

Sports clubs and creators are "owners" who issue tokens, and fans who purchase them are "supporters" who make up the community.

Tokens are not only sold, but also traded on the secondary market, so that economic activity is continued and a "token economy" is established.

This token economy allows owners to continuously earn growth capital not only through token sales but also through market transaction fees. And since supporters can also buy and sell tokens, if the token price increases due to the owner's activities, supporters can enjoy the value of the price increase by selling the increased token.

FiNANCiE then records all transactions in this token economy on the Ethereum blockchain through a Layer 2 (source: https://blog.ethereum.org/2014/12/31/silos/) off-chain and on-chain fusion solution called FiNANCiE Lightning. This means that the growth of the community is being engraved on the blockchain beyond the FiNANCiE platform. The transaction records of sports clubs and creator communities are not held by the platform FiNANCiE, but are recorded on the blockchain in a state of anti-tampering, semi-permanent data persistence, and transparency.

In addition, FiNANCiE leverages blockchain technology to support the growth of sports clubs and creator communities beyond the token economy.

In addition to adding value to the digital assets of sports clubs and creators through the issuance, sale, and management of NFTs, we will build a mechanism that can return even greater benefits by issuing ERC20 tokens called FNCT that can be traded on the blockchain to supporters who contribute to the revitalization of the community.

With the FNCT having a governance function and influencing FiNANCiE, FiNANCiE will be able to adopt the opinions of sports clubs, creators and supporters who revitalize the community, not just the platform. As a result, FiNANCiE will incorporate the elements of a DAO (Decentralized Autonomous Organization) that can continue to grow autonomously.

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