This whitepaper provides an initial summary of certain technical and business essentials. This document is expected to evolve over time, as the SPORTS AI project proceeds. The SPORTS AI team may post modifications, revisions and updated drafts from time to time, including before, during and after the creation of any tokens, and whilst the networks are in operation. This document sets forth a description of the SPORTS AI token, reference software implementation. This document is provided for information purposes only and is not a binding legal agreement. This whitepaper is not an offer document or prospectus, and is not intended to provide the basis of any investment or decision or contract.
What is the SPORTS AI Token?
Sports AI is a loyalty and utility token on the XRP ledger. Our team works with sporting codes and leagues across the world with cutting edge AI technology in delivering instant performance results in competition and the gambling industry .We use the token for player trials, team loyalty, sporting memorabilia and other fan-related merchandise. We also use the token for royalty payments and look to integrate our token across multiple sporting codes
The token will also be used as a payment utility for supporter loyalty across team sports and events.
Our project team works directly with athletes, trainers and coaches across a variety of sports using advanced technology to turn smart data analytics into actionable results. Our native token SPORTS AI can be used like any other XRPL token and can be exchanged in our marketplace for goods and services. XRP enthusiasts can also use SPORTS AI within the XRPtoolkit. Complete distribution of rewards can be completed through the SPORTS AI dashboard including wallet distribution, drop shipping and QR code prize claiming.
The token is used for payments, rewards, merchandise, major team loyalty through to payment for trials, payment for promotional activities and much more. We integrate our SPORTS AI token into payment gateways for everyday acceptance into our partner sporting teams. Our native SPORTs token combined with our cutting edge AI technology is providing further innovation in the sporting sector
SPORTS AI is available on the XRP ledger and is available for exchange on the Sologenic and XRP Toolkit. Please refer to our whitepaper for further information. The SPORTs token is a utility loyalty token and not a security.
We are heavily involved with the sports world and our technology is being trialled and implemented across the globe. We expect to announce exciting partnerships and pilots for our technology and token
Token Amount: 50,000,000,000
Is the amount KYC’d : YES
Blackholed : YES
Our project team believes the XRP ledger provides a strong, secure and fast chain to be able to base our native token on.
As we continue to partner with major sporting teams and athletes we want to reward our token holders with various loyalty programs.
Tokenization
Sports Teams, Athletes, Influencers & Universities: 45% 22,500,000,000
Community Circulation and Promotions: 30% 15,000,000,000
Team & Admin: 25% 12,500,000,000
Team (100 Harris Street, Pyrmont NSW Australia)
Our team is based in Asia, Middle East and Australia, however our sporting contacts and partners are global. Our engineers are in the middle east and also Australian based. The AI technology has been built inhouse and we are a mature product since 2018. We continue to build upon our technology stack. To power our AI gambling and sporting technology for our ecosystem we have built a native token named SPORTS.
Why SPORTS AI?
In today’s day and age most sports use technology to gain an advantage over the competition. Our team works directly with the best of the best in AI technology in the sports field to deliver optimum results. Our project combines them both through some of the world’s leading performance athletes. Using our partnerships and innovative AI technology our project aims to play in the data insights and sport technology field.
As familiarity with cryptocurrency grows around the world, we have seen major sports teams paid in digital assets. We have also witnessed some of the biggest sporting stadiums and sporting leagues sponsored by cryptocurrency assets.
Some examples of crypto in sport (2021):
There are some significant reasons why the presence of crypto is quickly growing in the sports sector, and the following data uncovered from research conducted by Morning Consult in September 2021 shows some reasons why in the U.S. market:
The next frontier for Crypto and Blockchain technology in sports
The federal ban on sports betting in the U.S. was repealed on May 14, 2018, when the United Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA). Three years later, some form of sports betting is now legalized in 30 states and Washington, D.C. (as of December 2021).
Sports betting is a multi-billion dollar industry, and estimates from Forbes project that the United States could generate annual revenue in excess of US$20 billion alone if all 50 states pass legislation.
Sportsbooks serve as betting exchanges where the odds move one way or another in reaction to the amount of interest or money coming in on a particular outcome. Most American operators have already partnered with a number of companies to support everything from data acquisition, wagering software, geo-fencing, and software solutions. It isn’t far-fetched to anticipate a time where sportsbooks would partner with crypto companies to develop platforms allowing them to serve as digital wallets, allowing players to exchange digital currencies and even wager against other players with their holdings.
Forbes points out that hypothetically, a customer could hold a number of coins in his sportsbook wallet and still play the crypto markets, all while having the ability to quickly place a wager with their coin of choice without ever having to leave the platform.
Sports AI is a loyalty and utility token on the XRP ledger. Our team works with sporting codes across the globe that use cutting edge AI technology to deliver instant performance results used in training and the gambling industry
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