Blockchain News- Oleksandr holds the titles of IBF, WBO, and WBA and the Olympic gold medal.
- The Boxer has partnered with Qmall, a cryptocurrency exchange located in Ukraine.
Heavyweight boxing champion Oleksandr Usyk has thrown his support behind a blockchain platform that intends to tokenize and promote the boxing sector. He holds the titles of IBF, WBO, and WBA.
The Olympic champion has partnered with Qmall, a cryptocurrency exchange located in Ukraine, to create the “Ready to Fight” platform. The blockchain-powered, browser-based platform enables boxers to tokenize their brands, allowing them to attract investments and contributions while also providing a channel for the distribution of unique material.
Unique Platform For Boxing Fans
Moreover, Ready to Fight presents an innovative approach to bolstering and bridging the boxing sector at large. The platform’s native RTF tokens are used in a tokenomics environment. Qmall’s proprietary platform is being developed utilizing a fork of the Ethereum blockchain.
Furthermore, the portal welcomes boxers and other talented sportsmen to sign up. One million name tokens, each with a different ticker, are generated when a tokenized identity is first formed. Name tokens for a boxer are locked until either the boxer reaches a certain fundraising goal or an Initial Dex Offering (IDO) is conducted.
A boxer’s profits on the platform must be reinvested in their boxing name token within five years. Products and services available on the Ready to Fight platform, as well as Boxer tokens, may only be purchased using RTF tokens, the ecosystem token. The Qmall exchange will be the place to buy and sell RTF tokens.
According to the Qmall team, their service basically offers customers a share in the probable success of a selected boxer. The worth of fighter tokens to RTF will rise or fall with the popularity of individual fighters as their careers develop.
Recommended For You:
The Role of Blockchain in Supply Chain Management and Traceability
Source: https://thenewscrypto.com/boxing-champion-oleksandr-usyk-launches-tokenization-platform/