London Football Exchange

priasmoroaji (25)in #blockchain • 6 years ago (edited)

Football is a global sport and billions of dollars are transacted every month in direct relation to this sport. Consumers in countries with autonomous currencies purchase game tickets, team merch, VIP experiences, and much more.

The businesses operating in this market face the issue of having to deal with currency risk. Offering products in countries that have football fans means offering a product in virtually every country. That means these companies must sustain certain levels of foreign reserve, must expense pay-roll to hedge their reserves and transaction in various countries, and face the risk of currency depreciations while their inventory is being sold.

On the other hand, the dedicated football fans who keep up with the support with active enthusiasm travel in various countries and order products from sites across the world. These fans have to deal with expensive currency conversions and have to utilize conversions for most of their trips.

Football is a truly global sport and all the businesses involved in supporting its thriving nature participate in many countries but deal with the problem of interacting with myriad currencies; the football fans have to deal with a similar issue if they want to keep up with and support their teams actively.

THE LFE SOLUTION

The LFE Group intends to remove barriers to entry for the football clubs allowing them to take advantage of the token funding economy for their financing needs by providing them with a tokenised financing infrastructure which involves token design and issuance services. The LFE will be designed to be a one-stop shop for clubs of all sizes to raise capital via equity sales and also offer LFE Contributors a wealth of fan experiences and social interaction

SECURITY

The blockchain relies on encryption to validate transactions by verifying the identities of parties involved in a transaction. This higher level of security ensures that a “false” transaction cannot be added to the blockchain without the consent of the parties involved. A complex mathematical calculation known as a “hash” is performed each time a transaction is added to the blockchain, which depends on the transaction data, the identities of the parties involved in the transaction, and the result of previous transactions. The fact that the current state of the blockchain depends on previous transactions ensures that a malicious actor cannot alter past transactions. This is because if previous transaction data is changed, it will impact the current value of the hash and not match other copies of the ledger.

TRANSPARENCY

By its very nature, blockchain is a distributed database that is maintained and synchronised among multiple nodes – for example, by multiple counterparties who transact with each other frequently. In addition, transaction data must be consistent between parties in order to be added to the blockchain in the first place. This means that by design, multiple parties can access the same data (in some cases locally within their Organisations) – thus significantly increasing the level of transparency relative to conventional systems that might depend on multiple “siloed” databases behind firewalls that are not visible outside a single Organisation.

EFFICIENCY

Conceptually, maintaining multiple copies of a database with blockchain would not appear to be more efficient than a single, centralised database. However, in most realworld examples (including several of the case studies examined in capital markets), multiple parties already maintain duplicate databases containing information about the same transactions. In many cases, the data pertaining to the same transaction is in conflict – resulting in the need for costly, time-consuming reconciliation procedures between organisations. Employing a distributed database system such as blockchain across organisations can substantially reduce the need for manual reconciliation, thus driving considerable savings. In addition, in some cases blockchain offers the potential for organisations to develop common or “mutual” capabilities that eliminate the need for duplication of the same effort across multiple organisations.

WHAT IS AN LFE TOKEN?

The LFE Token is a utility Token holders exclusive access to football related services, merchandise, events or unique VIP experiences

LFE WALLETSecure crypto-purses to manage LFE services, tokens, tickets, & exchange accounts

PAYMENT SERVICEPay anywhere with fiat currency and LFEonline tokens & at participating local LFE retail locations

LFE POINTSGet & redeem LFE tokens, points & bids to become loyal fans

LFE EVENTSExclusive events & VIP access to clubs, players, & special events

LFE ACCESSExclusive LFE access players, clubs & accesses, tickets, & LFE seats

LFE EXCHANGE & APP MOBILEBuy, sell & buy LFE tokens. Access exclusive LFE service & premium content

PACKAGE LFE ClubLFE destination travel packages & exclusive offers from your favorite LFE club

LFE GearLFE gear showcases your favorite players, clubs, & leagues wherever you go

LFE TOKEN SALE

Token Name

LFE

Number of tokens

4.000.000.000

Tokens for sale via ITO

2,400,000,000

Timeline

Pre-Sale: January 15, 2018 to February 11, 2018

Public Crowd Sale: February 12, 2018 to July 22, 2018

Token Sales Structure

$ 0.14 Initial Backers ($ 10,000 USD minimum Crypto + Fiat Currency)

$ 0.14 Pre-ITO

$ 0.16 ITO Launch 1

$ 0.18 ITO Launch 2

$ 0.20 ITO Launch 3

Fundraising Objectives

Approximately $ 350 million USD

Received Currency

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), bank transfers that support fiat currency, GBP, EUR, USD, AUD, and CHF.

With regards to token issues, the LFE will be about 6 weeks after ITO closure.LFE

TOKEN SALE ALLOCATION

ROADMAP TECHNICAL COMMERCIAL

Q3-Q42015
● Market and R & D research in Colombia, Brazil, Venezuela, Argentina, Peru, Ecuador, Panama, Bolivia, Chile, Mexico.Demonstration InfiniXchange

Q1-Q22016
● Market and R & D research in Singapore, Malaysia, Cambodia, Vietnam, Thailand, Philippines, Indonesia, Hong Kong, Japan, South Korea, Burma, Taiwan.
● Investigation of admin admin of the Philippine ODS industry.
● Legal formation of group companies

Q3-Q42016
● EU and UK business development, market research, regulatory inquiries

Q12017
● Establishment of the law of a particular entity
● Official investigation

Q22017
● Industry Dialogue Football Finance, education (outreach with university)
● Dialogue with English Football Finance Director, France, SpainDevelopment of compliance tokens ●

Q32017
● A particular entity is formed: merging LFE MARKET
● Staffing and dialogue of future ambassadors
● Continuing legislation investigationRegTeX User Test
●LFE Exchange Demonstration

Q42017
● Some Football Football agreements in principle
● Registration mark
● Staffing pan EU, USA, UK.
● Appointment of CMS law firm Cameron McKenna Nabarro Olswang LLPLFE Registration Platform
●Offering Offers Token LSE (ITO)

Q12018
● STADIUM PARTICIPATION HoT Club x 5 England, Austria, Belgium
● LFE Club Club Club HoT x 20 England, Austria, BelgiumLFE Payment Demonstration
●LFE ITO Completion

Q22018
● STADIUM PARTICIPATION HoT x 10 clubs Austria, Belgium, Germany, Switzerland, Poland, Serbia, Bosnia, Croatia,
● STADIUM PARTICIPATION HoT x 10 clubs Austria, Belgium, Germany, Switzerland, Poland, Serbia, Bosnia, Croatia,
● LFE Club Club Club HoT x 20, Austria, Belgium, Germany, Switzerland, Poland, Serbia, Bosnia, Croatia,Publishing LFE Token
●LFE Marketplace Alpha
●Publishing LFE Club Token # 1

Q32018
● STADIUM PARTCIPATION HoT x 10 clubs, Spain, France, Portugal, Italy
● LFE Exchange business development Latin and Central America
● Club Club LFE Exchange HoT x 30 globallyLFE Points Demonstration
●LFE Ticket Demonstration
●Additional LFE Club Token Issuances

Q42018
● LFE Club Club Club HoT x 20 Central America
● STADIUM PARTCIPATION HoT's x 5 clubs Central American LatinLFE Exchange Opening
●LFE dashboard
●LFE Pay Debit Card
●POS Merchant LFE API
●LFE Exchange Regulatory Approval

Q12019
● Club Club LFE Exchange HoT x 50 globally
● STADIUM PARTCIPATION HoT's x 25 clubs globallyExpansion of LFE Experience
●LFE POS Servicesn

OUR TEAM

ORGANIZATION LFE

SCOTT SMITHCEO of Footballbio

CHARLES PITTARCEO of the companybio

ALEX CLERICYBusiness Development France, Monaco, Italybio

BRUCE GRIFFINHead of Asia Pacific Business Developmentbio

DANNY STROUDUK Partnership & Project Managerbio

FLYNN KENNEDYBusiness Development Managerbio

IRFAN BILICEuropean Football Development Managerbio

QUAN SUNSenior Analystbio

LFE ADVISOR