2 years ago
IBF, WBO and WBA heavyweight boxing champion Oleksandr Usyk has enactment his value down a blockchain level that aims to tokenize and enactment the boxing industry.
The Olympic golden medalist has teamed up with Ukrainian-based cryptocurrency speech Qmall to make the Ready to Fight platform. The browser-based level makes usage of blockchain exertion to assistance boxers tokenize their brands to person donations and investments arsenic good arsenic a means to present exclusive content.
Ready to Fight introduces a caller means of supporting and connecting the wider boxing industry. The level features a tokenomics ecosystem making usage of its proprietary RTF tokens. Qmall is utilizing a fork of the Ethereum blockchain to make the in-house platform.
#CRYPTO meets #BOXING! The teams of @usykaa, Lapin, & @QmallExchange unite to revolutionize the boxing industry. @rtfight_com - the world's 1st blockchain level for boxing! Free registration and endless possibilities for boxers, fans, coaches.
https://t.co/DbsoDwuaGs pic.twitter.com/zrHRaISW8H
Boxers and promising athletes are capable to registry connected the platform. Upon instauration of their tokenized identity, a proviso of 1,000,000 sanction tokens with a unsocial ticker is created. The boxer sanction tokens are frozen until a circumstantial merchandise done an archetypal dex offering (ICO) oregon until the boxer collects a circumstantial magnitude of donations.
Boxers are besides obliged to reinvest net from the level backmost into their boxing sanction token wrong 5 years. Boxer tokens are traded exclusively with the ecosystem’s RTF token, arsenic are goods and services that are offered connected the Ready to Fight platform. RTF tokens volition beryllium disposable done the Qmall exchange.
A screenshot of the Ready to Fight web-based platform, which already features a fig of boxers.The Qmall squad told Cointelegraph that the level fundamentally gives users a involvement successful a chosen fighter’s prospective success. The worth of the combatant tokens successful narration RTF volition beryllium babelike connected a fighter’s occurrence arsenic their careers advancement and the accrued assemblage interest.
While fans and investors tin assistance enactment their favourite boxers done donations and sanction token purchases, the ecosystem besides promises to supply the functionality for boxers to entree and wage for services similar nonrecreational trainers, sparring partners, physiotherapists and nutritionists and agents utilizing accrued RTF tokens.
Cointelegraph besides reached retired to Usyk to find retired however blockchain exertion tin assistance boxers successful backing careers successful a assemblage that has galore hurdles.
“The occupation for galore aspiring boxers is that adjacent though they’re sidesplitting themselves successful the gym, they don’t person the connections oregon quality to find a squad that tin correspond them and adjacent if they do, astir importantly, fewer tin spend it.”The 2012 Olympic golden medallist believes blockchain-powered platforms tin level the playing field, allowing boxers to physique caller connections done a supportive community. Boxers tin absorption connected grooming portion the tokenomics of the ecosystem provides an avenue to money their careers.
Usyk explains that the cryptocurrency abstraction is besides creating caller opportunities for a wide scope of industries that were not imaginable 5 oregon 10 years ago.
“I recognize and respect the doctrine down it - democratizing however radical usage and determination wealth and services, it’s changing the satellite and tin make fairer systems, with boxing being nary exception.”Usyk said helium would thin connected Qmall’s expertise arsenic a cryptocurrency speech and NFT marketplace supplier to robust retired the circumstantial tokenomics of the task and its longevity.
The Qmall squad besides highlighted the platform's absorption connected 3 cardinal pillars, namely social, trade, and investment. The level inherently functions arsenic a societal web and already features up to day archetypal news, diagnostic and evergreen contented curated by its editorial team. The level besides aims to beryllium a root of exclusive quality and insider accusation from the boxing industry.
A mobile exertion for the level is presently successful development for some Android and iOS devices.
The 36-year-old Ukrainian heavyweight has antecedently tapped into the cryptocurrency space, launching an NFT postulation successful August 2022 aimed astatine raising funds for the ongoing struggle with Russia successful his country.
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