What is SportsPodium?

sportspodium (67)in #blockchain • 5 years ago

SportsPodium is a transparent blockchain-based sports community. We apply blockchain technology to unlock undervalued and previously un-monetised aspects in sports. We will reward aspiring athletes of all ages, across all levels of proficiency, with crypto-based rewards for tracking their day-to-day commitment to their sports and fitness activities. This information will be accumulated into a transparent and credible global sports database that will completely disrupt the current flow of funds and talent.

We are building an open platform where any sports application can potentially join the ecosystem via our platform’s interface which enables us to incentivise 3rd party user bases.
Our partnership framework has been designed for various stakeholders and partners to drive users to our platform and create large volumes of data flowing into an aggregated database of amateur sports data. In return, partners will be rewarded with our crypto token (POD) on an ongoing basis and therefore benefit from a high value token. The aim is to create an ecosystem driving a value for value economy.

Sports People Incentives
Athletes will be rewarded for the data which they enter into the system on a per-activity basis. For us to ensure the distribution is fair to all the participants, they will be rewarded based on their system reputation, which they build over time.

Diligence
Players, coaches, teams, clubs/schools and administrators who diligently and regularly enter their data will be incentivised. The SportsPodium algorithms will execute multipliers to incentivise the more diligent participants in order to encourage continued usage of the platform.

Accuracy
Accurate information in the system is critical to ensure reliable data services. Consensus algorithms and verification mechanisms are used to measure the accuracy of the data in the system. Reputation increase is influenced heavily by the degree of accuracy of data captured into the system. Reputation is a key part of the algorithm incentivising participants.

Performance
One of the aims of SportsPodium is to ultimately identify upcoming talent in the early stages of their sporting careers. Consistent good performance will ensure greater incentives for the participant.
The distribution is automated by smart contracts based on a rule set which is maintained within the ecosystem.

token distribution.PNG