we believe that every promising athlete deserves the opportunity to pursue their professional career and every small investor should be able to back an athlete they believe in. Unfortunately, professional sport today has a high entry barrier – both for athletes and small investors. Especially up-and-coming athletes at the outset of their professional careers face a lot of issues related to funding their training and participation in events across the globe. Also, many sports clubs and other sports organizations deal with severe financial and liquidity issues.
With the emergence of blockchain and crypto, industries tried to test the technology for their needs in many different aspects. Sports industry didn’t avoid that as well. There are problems in the sphere, definitely. One of the biggest concerns is the funding of teams or sportsmen. Another one of the biggest issues is the increasing gap between the professional sportsmen wages, the cost of the tickets and the supporting audience. The demand for transparency and proper distribution of funding was obvious in the industry.
Sportcash One will remove these barriers and consequently change financing in the sports industry by deploying a blockchain-based crowdfunding platform, serving athletes, clubs, and other sports organizations in raising the funds required to achieve athletic success.