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Fanance Club The Sports Enthusiast’s Decentralized Exchange

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Problem Statement

Individuals are hesitant to invest in the stock or cryptocurrency market due to a lack of general knowledge on the matter. Comprehensive research and learning is required before one builds enough confidence to take the first step in investing.

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Solution

Fanance Club combines sports and investing by allowing investors to leverage their knowledge in sports, to invest in their favorite athlete and generate returns based on the latter’s performance. The sports element coupled with DeFi services would attract new users to enter the space.

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Main Features

Fanance Club is a decentralized exchange built for the sports enthusiast. The economic incentive for users to trade players are lined to speculation of real-life performance, staking rewards, liquidity provider rewards and special benefits to NFT holders.

The platform combines:

  • Sports
  • Trading (DEX)
  • DeFi
  • NFTs
  • Prediction Markets

Use Cases

Users of the platform are required to hold $FANC – Fanance Club’s Native Token

The use cases of the $FANC token are as follow:

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Timeline

Q4 2020

  • Idea Conceptualization
  • Market Research

Q1 2021

  • Built and tested few key modules in Ethereum Rinkenby Testnet

Q2 2021

  • Website Launch
  • Social Media Launch
  • Community Channel Launch (Twitter and Discord)

Q3 2021

  • Private Sale
  • Presale Round 1 (Very Early Backers)
  • Testnet Launch

Q4 2021

  • Presale Round 2 (Early Backers)
  • Community Sale (Initial Stake Pool Offering)
  • Exchange Listings
  • Main Net Phase 1

Q1 2022

  • Main Net Phase 2
  • Partnerships with sports organizations and athletes

Q2 2022

  • Main Net Phase 3
  • Main Net Phase 4
  • Exchange Listings
  • Expand partnerships with sports organizations and athletes

Q3 2022

  • New sports/ market additions determined via community voting

Q4 2022

  • Completely Community-Driven Platform