A lot of individuals, businesses and companies are involved in one way or the other with sponsorships and this can be provided to them by corporations that deal primarily on sponsoring and the development of other projects. This segment is very lucrative as the sector is rapidly growing worldwide. This sponsorship can be in various forms which includes an entrepreneur getting a deal from Peak Milk company, or an athlete getting sponsorship from Adidas, and so on.
Problem
But an issue comes up that plagues this sponsorship sector and its in relation to its fast growing communities. Majority of the participants in the sponsorship agreement usually end up being unsatisfied with their deals or the performance. There is also the issue of the 3rd parties called brokers involved in the sponsorship deals and this brokers usually have an autonomy of the market and usually enforce their own terms making individuals and businesses at a disadvantage. The brokers end up charging very outrageous fees as well as a very slow and sluggish implementation of the deals.
There is also the issues associated with this sector due to the centralised nature in the form of fraud, litigation issues, opaque measure of ROI, and so on.
This is where the platform called Sponsy comes into play.
What is Sponsy
Sponsy is decentralized platform that links ups brands and companies and offers them sponsorship deals. This platform is implemented with the blockchain technology and it offers a automated services for a very efficient and faster transactions.
This platform uses the NET SPONSORSHIP ASSET to allow sponsee to use the platform cryptocurrency to assign them to sponsorship assets, and now sell these assets to sponsors. It also allows for a faster deal to take place and all information related to the sponsorship deals are securely stored on the ethereum blockchain, thereby allowing the Real time tracking of each sponsorship assets. This way there is the elimination of the third party brokers, thereby no exorbitant charges.
Advantages of the Sponsy
- It saves the stress of potential clients finding the right sponsor and they will have a very good communication channel.
- All information related to the sponsors and the sponsee will be stored on the blockchain and it will be very accessible to each and all of them.
- With the audience, reviews as well as feedbacks of the projects, the participants can see if their goals are matched and have a golf compatibility.
- There is the elimination of the brokers thereby reducing the excessive costs.
- It also allows the tokens users to vote for future events and sponsorships.
- Users can use the Internet of Things to keep track of these event performances, thereby measuring the ROI effectively.
Token Details
The Sponsy platform is run on the cryptocurrency called SPONS tokens and this is utilized for all the transactions that takes place in the platform. This is an ERC20 token based on the ethereum blockchain and its being used for Tokenization of sponsorship backing, having a voting right and allows users to have access to discounts on the platform.
Sponsy Token
Token: SPONS
Tokens available for crowdsale: 237,000,000 SPONS
Accepted forms for buy in: ETH, BTC, LTC, DASH and USD
Hard cap: 14,000,000 USD
Softcap: 5,000,000 USD
Price: 0.122 USD.
For more Information, pls visit
Website: https://www.sponsy.org
WhitePaper: https://www.sponsy.org/sponsy_wp_en.pdf
Telegram: https://t.me/sponsy_en
Facebook: https://www.facebook.com/sponsy/
Twitter: https://twitter.com/sponsyApp
Medium: https://medium.com/sponsy
ANN: https://bitcointalk.org/index.php?topic=2614662
Author - hamzeto
https://bitcointalk.org/index.php?action=profile;u=1189991