Q2 2018--Launch of the SportyFi Professional Fund, setting up the professional Advisory Board.
SportyFis Token Crowdsale will also allocate a part of the funds raised to a special SportyFi Professional Fund. The fund will invest in those athletes with the greatest potential in exchange for future return, based on, for example, prize money, image rights, transfer fees, and other rights of an athlete, depending on the type of sport.
I don't get this completely. Can someone explain a little bit more ? Can everybody invest in a athlete via professional fund etc..? Thanks
No you can't directly invest via professional fund. It is completely separate from SportyFi platform.
''SportyFi will establish a special Advisory Board consisting of veteran competitors, coaches,
scouts and other successful specialists. The Fund will invest into those athletes with the greatest
perceived potential, in exchange for a future return based on revenue such as prize money,
endorsements, appearances, image rights and similar rights of value. Since each sport is
different, the investment strategy of the SportyFi Professional Fund will be diverse, driven by
the numbers and by analyst expertise.
The mission of the SportyFi Professional Fund is to ensure the future growth of SportyFi Ltd,
of the SportyFi Professional Fund and of the complete SportyFi ecosystem.
...
SportyFi will reinvest 70% of the profit generated by the Fund in such a way to purchase SPF
Tokens on the market and invest such SPF Tokens further into new athletes, clubs and other
sports organizations in accordance with the mechanism explained above.''
source:
https://sportyfi.io/SPORTYFI-Whitepaper.pdfThis reinvesting would provide liquidity, demand and positive impact on whole SPF token eco-system.