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3.2.2 Fan Tokens When the sports clubs are creating an entity on the platform, they can also issue with branded Fan Tokens and placed offered for purchase. Each new sports entity on-boarded to the platform decides on an initial token-pegged value for their Fan Tokens. This is a fixed, base price at which all fans can publicly purchase specific Fan Tokens on the first release and then resale on the secondary market. It will be defined by the club which number of tokens Fans should purchase in order to gain access to the secret deals of the NFT collections, obtain the club’s benefits, get premium features, etc. We are not welcoming any sidechain solutions like our competitors are using because it reduces transparency and trust from the community. So all clubs’ Fan Token will be issued with ERC-20 standard directly on Ethereum or BCS mainnets. 3.2.3 Staking We are supporting a staking farm for ETH pair liquidity providers. This means tokens can be bought on the swap. On swap, we have an option for tokens to be “farmed” for extra rewards. We are providing the ability to our users who add coins to the pools to be liquidity providers (LP). Users deposit tokens to liquidity pools, which are smart contracts that hold funds. In return for providing funds and liquidity to the pool, these LPs receive LP tokens for the corresponding pool they provide liquidity for. In our case users obtain ETH - BSPT LP tokens by providing liquidity for the ETH/BSPT liquidity pool. By participating in yield farming token holders can earn passive income on the network. It is quite similar to a regular Proof of Stake model, which involves users locking up their tokens to get rewards.PDF Image | Blocksport NFT Platform Whitepaper
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