Right in the middle of the annual transfer market madness, we're excited to announce the latest arrival to our ecosystem. The Fans Together will be wearing the IOTA ecosystem kit starting in 2022, first launching their platform on Shimmer. There’s always a special atmosphere in the IOTA stadium whenever teams in our ecosystem explore new, innovative use cases for our tech. The democratization of football is primarily about giving more power to the stakeholders with the greatest passion for the game: the fans. Read on to learn all about the ambitious plans of The Fans Together.
Being a fan of modern football can be a frustrating experience. More and more often, supporters have no say in the direction of football clubs, and can only stand by helplessly while clubs they’ve supported all their lives are increasingly run by commercial interests that put profit before the fans or become luxury toys for their super-rich owners. The fans become customers rather than loyal supporters. And a club without supporters is no club at all.
The team behind The Fans Together aims to break down these structures and give fans a powerful influence on the future of their favorite clubs. For example, token holders would be able to influence which position the club should strengthen during the transfer window. Other decisions, such as the colors of the home and away jerseys, or a re-design of the logo, can also be determined by our TFT token holders.
We will realize this ambitious undertaking with The Fans Together‘s own decentralized, autonomous organization (DAO), which is an autonomous organization powered by decentralized technology see (these blog posts by the IOTA Foundation to learn more). Any fan holding a $TFT token in the DAO will be able to vote on decisions that impact the clubs that are (partially) owned by the TFT DAO.
The DAO and its votes will be powered by the Shimmer and IOTA networks.
Using an affordable, flexible DLT network such as IOTA is invaluable for The Fans Together, especially in guaranteeing low-cost entry for fans and facilitating the operation of a large community.
We're a core team of five sports enthusiasts supported by a growing number of dedicated developers, designers, and freelancers. Our next milestones are the release of our app and our Pre-Initial Coin Offering, both of which we anticipate in Q3 2022.
We are addressing those to whom sports means the most – the fans. We aim to establish a stronger, more democratic connection between sports organizations, athletes, sponsors, stakeholders, and the fans that keep the sport alive. We stand united in defending fan culture and sports tradition from being replaced by commercial interests.
To find out more about The Fans Together, follow it on Twitter or dive deeper into its website, where you can read the official whitepaper.
The Fans Together (TFT) joins the Touchpoint Open Builders Program, offering participants a community of like-minded builders, direct access to experts, knowledge, and general support to launch and scale the next generation of decentralized applications and infrastructure on the Shimmer network. You can learn more about how Touchpoint works and how to become a part of it here.
Shimmer is an L1 innovation network providing the core building blocks for a scalable, modular multi-chain architecture. Similar to the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains. At the same time, Shimmer ensures interoperability and composability of L2 smart contract chains, capable of connecting any type or flavor of L2 smart contract chain anchored to it. With its unique tokenization framework, Shimmer will become a multi-asset ledger for feeless minting and transfer of native assets without middlemen or crippling gas fees.
The native token of the Shimmer network is SMR, which serves as the network’s economic backbone, facilitating value transactions and interactions within the Shimmer ecosystem. Users of Shimmer use the SMR token to launch new DeFi applications, DEXs, NFTs, DAOs, and other dApps.
Every project that participates in Touchpoint is given the opportunity to introduce itself in its own words. Statements made by projects are not verified by Touchpoint, Shimmer, or the IOTA Foundation and should not be taken as an endorsement. Individuals are advised to always conduct their own due diligence when engaging with any crypto projects.
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