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The Futebol Clube Avaí, a Series B soccer team announced that it is generating its own cryptocurrency as part of an effort to develop digital ecosystem for fans and help them qualify in Brazilian top tier (A-series) league.
They also plan on developing the infrastructure around the stadium which can host Libertadores competition matches by building up physical conditions such us lighting systems so they’re ready when needed!
The club has announced that it will be selling 20 million tokens at $1 each.
With our ICO, we are actively … engaging all Avaí FC in Florianópolis and Brazil, working together towards our goal – to become a stable member of Brazil’s Série A and qualify for the Copa Libertadores. We are delighted to do so in partnership with SportyCo and be the first sports company to do an initial coin offering, paving the way for other clubs all over the world to approach financing their sporting activities in this novel way.
Avaí president Francisco José Battistotti
The investment community will be able to invest in new experiences with SportyCo. For example, they can trade on exchanges or purchase tickets for events from the company’s online store – all while receiving tokens that represent ownership of these assets!
The report forecasts that Avaí plans to raise $8 million at a minimum. If the club does not meet this threshold, all funds will be returned and they’re even willing (and able!)to burn unsold tokens if need-be!
We look forward to working with Avaí FC and see how they intend to launch their new digital currency with the SportyCo platform that has always been leading innovation in the world of sports finance and sportsmanship. With this initial money offer, we are opening a new chapter in football and the sports industry in general.
co-founder of SportyCo, Marko Filej
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Information is provided for educational purposes only and isn't investment advice. This article does not provide a recommendation to buy or sell any digital asset, nor is it an endorsement of particular coins/tokens by the author(s).
