Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant’s database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
One of the most topics that have not yet finished breaking into the blockchain tech are the sports. Clubs have no way to significantly monetize their followers on social media. Your own apps have little use and therefore little monetization. For this reason, I want to introduce you TheFutbolApp (TFA), a social network soccer that implements TheFutbolCoin (TFC) as a way for companies to get new TFA clients and for TFA users to get a share of adverse revenue.
In more detail, TFA (https://thefutbolcoin.io) was created to provide single platform that would allow players, coaches, clubs and fans to participate in the football-based digital activities that are important to them in a simple way, an app.
TheFutbolApp combines not only social networks with football, but also allows you to make predictions. Users can earn TFC within TFA and spend it with merchants that accept its transaccions. Those merchants then spend the TFC in adversity within the app. The advantage is that it is a social media around each club and player, allowing interactions between both parties.
For football fans, the TFA allows an app whithin the app for each soccer club fan supporter. This app within the app contains news, webs, social networks…, and makes reading and commenting and interacting easier and more funny.
For professional clubs, the TFA provides an easy-to-use interface to add live results from mobile during the match and add the videos of the highlights directly from the phone by the people who are in the match.
For coaches, TFA implements a secure two-factor player-coach authentication discussion room within the app with the added benefit of being able to add events.
Finally, for the players, fans automatically follow club players in the social area of the app within the app of each club.
TFC uses the proven Stellar blockchain, which has a low cost and fast transaction speed for use on the TFC-TFA network. The TFC can be used as a safe deposit of wealth, so is the only way to pay for ads within the TFA ecosystem. Users earn TFC on the app and spend it at merchants that accept TFC.
The project gives the opportunity to earn TFC tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk page here (https://bitcointalk.org/index.php?topic=5312627.0), where you can access the link in order to see what are the conditions to become an early TFC contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (https://thefutbolcoin.io/wp-content/uploads/2021/01/tfc_whitepaper.pdf). You can also stay tuned in their official Telegram Channel (TELEGRAM). I hope you liked the post and soon I’ll send you new ones.
Social Media Links
Forum Username: adriaparcerisas
Telegram Username: @adriaparcerisas
Stellar (XLM) Wallet Address: GAUFGO6OJCVXF6FQERZB34T24R24I2W2FVLGQZQ6GTT5DU7LL7PZ3IRL
Proof of authentication link: https://bitcointalk.org/index.php?topic=5312627.msg56219585#msg56219585