DeFying Gravity: Sportemon Go — Sporty Kiddo Of AR And Blockchain

In our new “DeFying Gravity” series we decided to dig into the world of new and sometimes weird tokens, many of which are appearing in a cryptospace as mushrooms after the rain. Will guide you throughout the most interesting of them. And our new article covers Sportemon Go — the project taking the best of Augmented reality and blockchain to allow both sport and crypto lovers to have more fun and grow their investments.

What is Sportemon Go?

Sportemon Go is a new blockchain vs augmented reality project with the tremendous goal to create not less than a revolution in both gaming and NFT collectibles industries. Consonance with once widely popular augmented reality Pokemon Go is not accidental — the new project is aiming to enable collecting NFTs in real space and time, thus the project will take the participant’s interaction at stadiums and sporting events. The NFTs are going to be presented in a form of player’s cards. Users will be rewarded with the meetings with their favorite sportsmen, merchandise, and much more.

The project is developed by Ricky Jackson and Corey Jackson — two personalities with huge experience in the sports industry, including work with global sports events such as Olympics, UEFA, and UEFA Championship league as well as international corporations like CocaCola, Coral, Playstation, and ESPN. Their range of experience covers sports enterprising and merchandising on the international level, sports entertainment and gaming, media, and advertising. Corey Jackson also spent over 5 years researching the blockchain sphere together with building a network in the community.

The project is funded by its own BEP-20 token (SPG) leveraged on Binance Blockchain network. The users will get to buy tokens to purchase unique collectibles, participate in the mini-games and earn the rewards. There are 4 main values distinguished in the SportemonGo crypto Whitepaper:

• Community — as in the best traditions of decentralized networks where every member matters.
• Charity — to help those in less beneficial positions to get the basics that are taken for granted by many.
• Transparency.
• Sustainability — continued interaction with CSR experts to keep the whole ecosystem ethical.

Sportemon Go charts

The project got firstly Whitelisted on May 30 with not yet widespread but rather promising support from the community. To participate in the Whitelist giveaway that was on June 4th during 6h, users had to follow SwipeWidget, complete all the tasks, and win free coins. According to the post data, over 20k users participated in Whitelisting, and tokens worth 100 BNB were given away. It was promoted on Twitter, Instagram, Telegram, and also Sportemon Go Reddit topics were created as well, though didn’t become very active yet.

In just one day after the launch, the token had reached a $13 million market cap with the Sportemon Go token price at the moment of publishing at $0.000000014349.

The number of token holders according to the last Sportemon Go BSCscan data — almost reached 13k and new transactions keep happening every few seconds as many users see the bright future for a new and promising project. The tokens can be exchanged using TrustWallet and Metamask. More wallets and exchanges are to be added in the future. Sportemon Go’s contract address is available on the BSCscan.

To support its community, the team is going to set a competition for investors with the fully-paid journey to the Tokyo 2021 Olympics including the meetings with the world’s most significant sportsmen.

Tokenomics

Sportemon Go has a total supply of 1 quadrillion coins. Marketing wallet and development wallets contain 10% and 5% relatively, though the funds are locked for 180 day period during which 10 payments from each is to be made — 1% and 0,5% relatively. 5% more are locked for the charity matters with 0, 5% payments every 18-day plan. The liquidity wallet is locked for 3 months. 15% more of the total supply is allocated for burning during 3 events that will take place on predetermined milestones.

12% charged from every transaction, from where:

• 5% redistributes to the liquidity pool;
• 3% proportionally redistributed to the current holders;
• 2% goes to the marketing fund;
• 2% goes to the development fund.

Every transaction will increase the share of each holder and additionally fund the marketing and development campaigns, ensuring the project’s growth.

Where will Sportemon Go?

Just one day after the official launch Sportemon Go seems to be kicking considering its market cap and the number of holders. And it is just the beginning as the project has big development plans for the near future.

In the coming days, we can expect the token to be listed on CoinMarketCap, CoinGecko, BlockFolio, and 4Chan, implementing the marketing campaign to attract mass users to the project while expanding the brand awareness. After that, the team expects to involve big names in the sports world for collaborations and partnerships. And the last but not least stop for Q2 2021 is to arrange an initial audit by Certic.

NFTs platform is planned for establishment in early July, where users can buy NFTs, but also get the clothing items matching their collectible. Developers are also working on launching Trading platforms for the web, Android, and iPhone.

The most significant of the later project’s plans are to host big physical events that are supposed to promote the project, even more, that is planned to be relatively soon — in October of this year.

And as a cherry on the Sportemon Go cake, the team is sure to become a part of next year’s Olympic Games and the World Cup and if everything goes as smoothly as it started, we can soon expect AR to emerge into the global sport and change the industry forever.

The content of this article is for informational purposes only and should not be construed as investment advice. We ask you to do your research.

Originally published at https://coinjoy.io.