Boxers and promising athletes are able to register on the platform. Upon creation of their tokenized identity, a supply of 1,000,000 name tokens with a unique ticker is created. The boxer name tokens are frozen until a specific release through an initial dex offering or until the boxer collects a specific amount of donations.
While fans and investors can help support their favourite boxers through donations and name token purchases, the ecosystem also promises to provide the functionality for boxers to access and pay for services like professional trainers, sparring partners, physiotherapists and nutritionists and agents using accrued RTF tokens.
“The problem for many aspiring boxers is that even though they’re killing themselves in the gym, they don’t have the connections or ability to find a team that can represent them and even if they do, most importantly, few can afford it.” Usyk explains that the cryptocurrency space is also creating new opportunities for a wide range of industries that were not possible five or ten years ago.
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