Sponsy: decentralized sponsorship platform

It was my childhood dream to own a company. I love to sit in a comfortable chair and to order others to perform their job. Even till class 10, I believed that being the owner of the company is the easiest job in the world. You can just earn by sitting in a comfortable chair in a room with ac!!

But, later I realized that one has to work very hard in order to reach to reach theirs. It's not a child job to open a company and take it to the next level. One has to face several challenges on the path to success.

But of all the challenges, getting money for the business is the biggest one. Obviously, you will not have lots of money to fund the company in the long run (unless your dad is on Forbes's list of top 20 rich people!).

Money is the most important commodity in the world. Why would anyone want to give you their money if they do not believe that in return they will get more? Every big company which invests try to look whether the business that they are investing will generate more money or not. You have to convince investors of this very fact and believe me it's not easy.

As a matter of fact, sponsorship market will reach more than $100 billion by 2019. Sponsorship benefits companies as they provide them with the opportunity to generate additional profit. But, current sponsorship sector has various loopholes. This is why we need a platform which can solve these loopholes and I believe Sponsy can be one of such platform.

Sponsy platform

Sponsy is a decentralized platform based on blockchain technology which aims to solve sponsorship issues faced by events or brands. You can think of it as a platform which allows companies to link up and form sponsorship contracts.

We all know that getting sponsorship is very hard if you are not some celebrity. And this is what Sponsy wants to change. They believe that every company should have equal opportunity to get sponsorship deals. So, how does the platform works?

Well, firstly you will have created your account on the platform either as seeking to give sponsorship or seeking out a sponsor. Then, you can connect with other people who are ready to sponsor your project and reach a mutual settlement. Another important feature of Sponsy is that they will charge fees only from the profits (that too a minimal one, 5-15%). The platform is best suited for small brands and can help them to extend their reach significantly.

Sponsy promises that the platform will bring a wide range of experts in the business world on the platform. The company will also launch its official app. The app will allow users to use automatic sponsorship feature and deals. It will also improve the communication and users will be able to keep a tab on ongoing sponsorship activities.

SPS tokens will be used for all operations within the platform. The platform will also offer discounts for all the transactions carried out using SPS tokens by clients. Some of the usages of SPS tokens are -

➢ All compensations for labor will be done via SPS tokens

➢ If you hold an SPS token then only you will be allowed to take part in voting for any event or future partnership with any organization. So, more the tokens you have, greater will be your voting power.

➢ Voters will get additional money for every vote which gets converted to signed sponsorship.

➢ Token holders will have access to exclusive events and materials

Sponsy is not limited to use of blockchain technology. The platform will also use AI to give users an access to user's habit data on various brands. This will help business in selecting sponsors. The platform will also allow developers to connect various devices to the platform. This feature is mainly for the sponsors who want to keep updated with specific sponsorship events.

ICO and team

Sponsy uses ERC20 token which is created on Ethereum blockchain. The company has released 23,700,000 SPS tokens for sale. You can buy these tokens via Bitcoin, Ether, Litecoin, Dash or bank transfer. However, you will need to buy a minimum of 10 SPS tokens. The tokens will be sold at a rate of 1SPS token= $0.098 USD (pre-sale) and 1 SPS token= $0.122 USD (regular sale). The dates for the token sale is yet to be disclosed by the company.

Conclusion

Sponsy is a great platform for new business and can help them reach new heights in short span of time. Every sponsoring company looks for some revolutionary idea or some new product which will help them dominate the market. If you analyze the current business market, then you will find out that most of the sponsorship activities tend to favor high-end business and the established ones are left to struggle.

So, what do I feel after going through the companies' idea? Well, for sure investing in Sponsy seems a good idea with all the benefits that it offers to token holders. But, you will have to understand the downside of company's idea. More the token you have, more the power you will have on the platform. This is similar to the current centralized based situation where people with more power gets to make an important decision. And this very fact violets the principal of blockchain.

On the positive side, the platform will offer transparency and equal opportunity for business to get sponsorship deals. So, think before making a decision to invest in the platform.

Website - https://www.sponsy.org/

Whitepaper - https://www.sponsy.org/sponsy_wp_en.pdf

Telegram - https://t.me/sponsy_en

ANN - https://bitcointalk.org/index.php?topic=2614662

Published By - smithjones

Profile - https://bitcointalk.org/index.php?action=profile;u=1936039