Ukrainian football club Dynamo Kyiv to launch blockchain-based fan tokens

Dynamo Kyiv wants to tap into an additional revenue source as stadiums remain empty.

Ukrainian football team Dynamo Kyiv is launching its own fan token and digital marketplace powered by blockchain technology.

According to a Monday announcement, the team has partnered with Moonwalk, a company specializing in creating digital economies for brands, to release a set of loyalty initiatives for its fans.

Dynamo Kyiv fans will be able to earn digital tokens for “social actions” such as playing prediction games or engaging with the club on social media.

The tokens will then be spendable as reward points for accessing merchandise drops, joining VIP events or receiving discounts when purchasing goods at the stadium.

The tokens will also allow fans to purchase digital collectibles on Dynamo Kyiv’s marketplace.

The tokens will be integrated into a mobile app, allowing holders to use them both online and offline.

The football club says the partnership will help mitigate some of the damage the coronavirus pandemic inflicted on the sports industry.

As stadiums remain largely empty, an increasing number of football clubs are looking into alternative monetization sources.

Dynamo Kyiv joins a relatively long list of football clubs releasing digital tokens and fan loyalty programs.

FC Barcelona, Atletico de Madrid, Paris Saint-Germain and Juventus are some of the biggest names that have launched similar programs in the past months, while other clubs like Zenit St. Petersburg and Bayern Munich launched digital collectible platforms.

Dynamo Kyiv also joins fellow Ukrainian esports organization Na’Vi in launching digital fan tokens.

Ukraine has been openly supportive of blockchain technology at a government level, with its Ministry of Digital Transformation working on creating clear and welcoming regulations for digital-asset companies.

Recently, it launched an educational course on cryptocurrencies in collaboration with Binance.

Dynamo Kyiv is part of Ukraine’s duopoly of football clubs, often contending for the first place in the national league with long-time rival FC Shakhtar Donetsk.

It won the 2020 Ukrainian Premier League, though it failed to advance beyond the group stage of the Europa League and did not qualify for the Champions League.

Source: cointelegraph.com

PS. In our blog pages we got hidden links where you can earn cryptocurrency for free.

Comments

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry. The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling. Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk ab...

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move does not seem to be going over well with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a FAQ provided by Coinbase , for Canadian users, ...

Farm GRASS earn MONEY

Use your Unused Internet Bandwidth to make $$$ In today’s interconnected world, the concept of passive income has taken on new dimensions, offering innovative ways for individuals to monetize underutilized assets. One such groundbreaking avenue involves earning money by selling your unused internet connection. By participating in decentralized networks like Grass, individuals have the opportunity to turn their dormant bandwidth into a valuable asset, contributing to a fairer and more equitable digital landscape while generating income. Grass is a decentralized network sharing application designed to offer an alternative to existing centralized networks. It allows users to sell their unused bandwidth directly, without the need for exploitative middlemen. The platform operates by enabling users to download a web extension that runs in the background, assisting others in accessing public web data in exchange for payment using the protocol’s native token. How ...

Crypto Ethone

Search This Blog