How $CRIC will power the Cricket Foundation Ecosystem

Cricket is a beloved sport with its fans residing in every part of the world. So much so that it has become the most popular sport with different tournaments and world cups originating in the country itself. For instance, IPL (Indian Premier League), started in 2008, has become one of the most anticipated events in cricket history. Players from all around the world participate in the event, making it even more exciting and thrilling.

Several platforms have launched merchandise stores catering for the ever-increasing fanbase. Among these stores, a new challenger has risen called Cricket Foundation. However, Cricket Foundation is not a merchandise store per se but a blockchain platform that has created an ecosystem for Cricket powered by various tools and services.

Cricket Foundation

Cricket Foundation is a blockchain-based platform that aims to build applications and uses based on Cricket towards its platform usability. Some of the services that Cricket Foundation plans to offer are:

• Digital Collectibles
• Merchandising
• Licensing
• Rights Management
• Ticketing
• Fan Tokens and Engagement
• eSports
• Gaming and gamification
• Auctions
• Endorsements

This list of services merely represents what Cricket Foundation plans to achieve and is not limited. Cricket Foundation is a unique concept that will help mass adoption of blockchain technology by attracting Cricket fans worldwide. Some of the factors that make Cricket Foundation unique are:

• Community-driven: The community will have active participation in deciding the future of the company.
• Community-owned: Cricket community with over 1000 partners owns the platform
• Seamless: As the Cricket community spans worldwide, Cricket Foundation will seamlessly integrate them.
• Reliable: Powered by blockchain Cricket Foundation has robust functionalities making it highly reliable.
• Fair: Blockchain technology promotes transparency and fairy, and so does Cricket Foundation.

Cricket Token

Cricket Foundation’s native cricket token powers its ecosystem, acting as a medium of exchange, incentivising participation. The primary use cases of Cricket tokens are as follows:

Incentives

Incentives are significant for every blockchain project to attract participation from investors. Cricket Token tokenomics give maximum benefits to investors and early supporters. The initial supporters of the platform will receive grants, airdrops and other promotions.

Ecosystem Token

Cricket Token is the primary token to be used for every transaction on the Cricket Foundation ecosystem. Token’s usage limits its ecosystem, maintaining its value and integrity.

Building of Applications

All the future applications built on Cricket Foundation will use Cricket Token as the official medium of transaction.

Ecosystem Promotion

Cricket Token will promote the use of the ecosystem among the masses. Cricket Foundation uses influencers to promote its use, and these influencers will be rewarded fairly in Cricket Token.

Rewards

Cricket Foundation will use the Cricket Token to reward users, investors, supporters and the entire community.

The underlying protocol of Cricket Token is highly efficient and will promote long term use and growth of the ecosystem. Cricket Foundation has carefully designed the token to ensure its consistent demand. While the Cricket Token is inflationary, there are several ways to ensure a continuous decrease in the supply to increase the token’s value.

• Buy Back Programs: Cricket Token will participate in a buyback program in which the ecosystem will buy back tokens from entities deemed excessive to build value.
• Platform Revenue Contributions: All applications are encouraged to donate a part of their revenue for building value within the ecosystem.

Cricket Foundation is a robust ecosystem that offers various services, including a collectable digital marketplace called CricketCrazy. The platform will list licensed authentic collectables from the history of Cricket. Cricket Foundation is a tribute to the Cricket fans worldwide brought to the masses by blockchain technology.