A thread series on the utilities of the Prometheus NFT 🧵
Utility #2: Initial Team Offerings
#XBorg #NFT #ITO
Utility #2: Initial Team Offerings
#XBorg #NFT #ITO
One of the main utilities of owning the Prometheus NFT is being whitelisted for all Initial Team Offerings (ITO) we do.
Here is everything you need to know about ITOs:
Here is everything you need to know about ITOs:
What is Esports 3.0?
Esports 3.0 is a concept in which fans are empowered to take a much larger and more influential role in esports. This is made possible through blockchain technology integration in the esports industry.
Esports 3.0 is a concept in which fans are empowered to take a much larger and more influential role in esports. This is made possible through blockchain technology integration in the esports industry.
What is an ITO?
An ITO refers to the NFT/token sale of a decentralised esports team, where the holders of these tokens are co-owners, have governance rights, and receive value as the esports team succeeds.
An ITO refers to the NFT/token sale of a decentralised esports team, where the holders of these tokens are co-owners, have governance rights, and receive value as the esports team succeeds.
Why is this needed in esports today? (Fan perspective)
Currently, fans are restricted to watching their favourite team play and supporting them by purchasing merchandise. Fans have no say in decision-making and they don't receive any of the value they generate for the team.
Currently, fans are restricted to watching their favourite team play and supporting them by purchasing merchandise. Fans have no say in decision-making and they don't receive any of the value they generate for the team.
Why is this needed in esports today? (Org perspective)
Esports teams rely heavily on sponsors to generate revenue and struggle to raise capital. Allowing fans to invest in the team, helps raise capital and increases fan activity as interests are aligned.
Esports teams rely heavily on sponsors to generate revenue and struggle to raise capital. Allowing fans to invest in the team, helps raise capital and increases fan activity as interests are aligned.
What could Esports 3.0 look like practically?
Imagine your favourite Esports 3.0 org is expanding into a new title, Valorant. You're an NFT holder, so you get to vote on which players to sign. Your team performs well that year and you get quarterly token airdrops in return.
Imagine your favourite Esports 3.0 org is expanding into a new title, Valorant. You're an NFT holder, so you get to vote on which players to sign. Your team performs well that year and you get quarterly token airdrops in return.
How does XBorg fit into Esports 3.0?
Our goal is to empower players and fans. We assist traditional esports teams in integrating blockchain technology into their current or newly created organisation, thus empowering their fans.
Our goal is to empower players and fans. We assist traditional esports teams in integrating blockchain technology into their current or newly created organisation, thus empowering their fans.
Which esports organisations are we targeting?
Tier-one esports teams. Our first ITO is already in the works with a tier-one esports organisation. This will be announced in the coming months and we will scale efforts after the success of the first ITO.
Tier-one esports teams. Our first ITO is already in the works with a tier-one esports organisation. This will be announced in the coming months and we will scale efforts after the success of the first ITO.
Why is this exciting for Prometheus holders?
Prometheus holders are whitelisted for every ITO sale we do. They also benefit from the growth of XBorg, our influence in the gaming/esports industry, and our revenue streams.
Prometheus holders are whitelisted for every ITO sale we do. They also benefit from the growth of XBorg, our influence in the gaming/esports industry, and our revenue streams.
This is just one of the utilities of the Prometheus NFT and the second in this thread series.
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1. Follow us @xborg_official for more of these
2.RT the main tweet below to share this thread with your followers 💙
https://twitter.com/xborg_official/status/1619410332610449408
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