Distribution of tokens
20% of the total supply of $SPORTS will be reserved for the SPORTS community. 15% of the total supply of $SPORTS will be locked for over a period of 3 years. 5% of the total supply will be used as first year rewards, 5% of the total supply will be used for second year rewards and the remaining 10% will be used for the 3rd year rewards, amounting to a total of 20% reserved for community treasury.
8% of the total supply of $SPORTS will be reserved for the $SPORTS team. Locked 6 month, 36 month linear unlock.
Advisors will hold 2.5% of the total token supply locked 6 month, 36 month linear unlock.
The development team will be entitled to 2.5% of the total $SPORTS supplied.
Marketing and Airdrops
7% of the tokens supplied will be reserved for marketing and airdrop purposes.
25% of the total $SPORTS supplied will be available for pre-sale with a soft cap of 25ETH and a hard cap of 50ETH. Presale price will be at a 25% discount of the public sale listing price. 60% of the funds raised at the presale round will be used to provide liquidity for the public sale round and the remaining 40% will be used for marketing & operations purposes. In order to prevent dumping, presale token holders will only receive 5% of what they have purchased every 15 days with no tokens on day 1.
12% of the total $SPORTS supplied will be available for sale to the public through the DEX. 5% of the total supply will be reserved for centralized exchange listing.
18% of the total token supplied will be burnt at launch.
Transaction fee breakdown
To reward all holders of $SPORTS, 0.5% of all transactions will be redistributed to holders.
Marketing and Development
A 12% buy tax on every purchase of $SPORTS and a 12% sales tax on every sale transaction will be retained by the $SPORTS team for marketing and development of the token.
0.5% of every buy and sell transaction on the SportsCollective platform will be retained for token burn at regular intervals.
A percentage of buy and sell transactions will go into the foundation for a greater cause.
$SPORTS NFT Launchpad
The SportsCollective marketplace is the platform that brings holders and their favorite athletes together. It creates the environment for fans to acquire NFTs curated by international stars in the sports industry.
SC Launchpad Platform
The SportsCollective Launchpad platform leverages the use of blockchain technology and smart contracts to help athletes and their clubs to raise funds.
The foundation has been set up as a means to give underprivileged athletes the opportunity to have a formal and professional training. The foundation ensures that talent is nurtured and allows athletes to pursue their dreams.
Vote to Earn
The $SPORTS platform allows people to embrace the vote-to-earn concept where holders can make money by simply determining the outcome of sporting events.