Git stats 22 commits. Failed to load latest commit information. View code. Indian Crypto Rupee Inspiration What it does? How we built it? Challenges we faced? What we learned? What's next? Note Built With. What it does? Automatically mint and burn money as per demand and supply How we built it? We have used truffle suite for smart contract development. We have provide an admin panel for time when user wants to liquidish our tokens he can request us and we will burn tokens of the user and send fiat money in his PayTM wallet or Bank Account.
We have to develop a mechanism to safely mint and burn tokens as needed. So, we have create an admin panel to manually send fiat currency to user and burn tokens from the user account What we learned? We learned how to make our own token on ethereum blockchain. We also has to study some concepts of banking and economics to better understand problem requirements. We also learned how to deploy contract on ropsten testnet.
We are going to provide web interface to access and use our smart token on ropsten test net. Our online merchant dashboard, The Hub, allows you to monitor transactions, business performance, study customer. Test account. How will tokenization shift fan culture within sports and what does it mean for businesses in this space?
Experts from AC Milan, Socios. The sale marked another milestone in the convergence of sports and crypto, where, over the last year, clubs and players alike have been finding new ways to engage fans and create a community around their brands, with football, in particular, becoming a key area for blockchain innovation. I spoke to leaders in this field to learn more about how teams are coming together using blockchain technology.
Watch the on-demand recording. Merchandise is the primary way sports fans have traditionally declared their allegiances in the offline world. As Niraj Shah, founder of DSO — a company allowing fans to buy 'digital seats' in their favorite team's stadiums and get access to exclusive physical and virtual products — explained, we are in a new phase of figuring out how this will take place in our increasingly digital lives using blockchain: "I see this as an evolution of sports. Web3 is all about participation and ownership, feeling much more like you're part of it.
Its CEO, Alex Dreyfus , explained that for their customers, transparency is a key selling point: "With the fan token, they can vote on the music in the stadium, the design of the jersey, etc. We tell the fan: 'You're going to have an influence. Tokenizing fan engagement is responding to a key shift in sports audiences, Alex said.
And the question is, how can you scale to engage and monetize that? At AC Milan, for example, who are working with Socios. This has created a significant shift in the audience for the merchandising opportunities that the team offers.
In any case, clubs are finding an audience all over the globe. So why should they limit the number of people their team can reach? Perhaps unsurprisingly, some of the first adopters of ways to engage with clubs using the blockchain have been younger, said Niraj. This has created a divide in how different generations want to communicate with the teams they support.
They must do it in a way that respects all the different types of fans, including those who have supported the club for decades. Casper explained that for teams like AC Milan, who see themselves at the forefront of the industry , the metaverse is certainly a space they want to be working in.
So I think we need to be riding this wave," he said. A club will always successfully capture its more traditional fans. At the same time, startups like ours will be more aggressive, flexible and creative to capture this tech-savvy, younger fan. So it doesn't need to compete. It completes. With players, in many cases, competing in empty or sparsely-filled stadiums due to COVID, these intangible, online offerings have provided an innovative way for fans to feel involved, no matter where they are watching the game.
Tokens offer a way to engage from a distance, he said. In the future, these tokenized fan-based revenue streams may be ever-more significant, and having the most engaged, committed people on your side will translate to financial success. Alex explained: "Clubs have always fought for sponsor revenue. But maybe one day they're going to fight for B2C revenue, for more casual users that want to engage one way or another.
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Experience · Staff Software Engineer, Crypto · Machine Learning Engineer · Data Scientist · Co-Founder · Data Science & Growth · CEO & Co-Founder · Journalist. Neeraj Agrawal is director of communications at Coin Center. Non-custodial cryptocurrency mixer developers are not subject to U.S. regulation. Coin Center's Neeraj Agrawal is a one-man meme machine who acts a court jester of sorts to the Bitcoin and cryptocurrency Twitter community.