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Scorum
Sports Media Powered by Blockchain
Scorum is the first sports social media powered by blockchain. It’s specialized for creating sports content and provides fans with the freedom to shape their own information space and get rewarded for expressing themselves and sharing their passion for sports.
Each month 1 billion sports fans generate 8.5 billion visits to a variety of sports media sources, creating a huge income for them. For far too long, these fans have watched from the sidelines; spending their hard-earned cash to support their home clubs, teams, and athletes. The current sports media industry has no interest in rewarding these fans and fails to provide innovative coverage for the modern world.
OUR SOLUTION
We set out to unite the passionate fans of sports around the world into a bold digital media platform where active participants are rewarded for their engagement. To achieve this, we designed the following key services:
The blogging platform where each contribution is rewarded. It provides cryptocurrency rewards for both content creators and curators. Community members get paid for publishing posts, voting, commenting and uploading photos. For sports writers we have developed custom solutions: sports analytical tools, interactive visualizations and a built-in photo database.
The statistical center. Beside providing the latest sports updates, the data from stats-center can be efficiently utilized to embed interactive infographics into publications with Scorum’s custom designed sports editorial tools. Live event streaming, tickets, and other sporting goods will also be available as a part of partnership programs.
The commission-free betting exchange. Venturesome sports fans no longer have to rely on “trusted third parties” in order to make a bet. Registration and betting at the Scorum exchange is transparent, without any commission or hidden fees. It’s important to note that this will not be a source of revenue for Scorum but rather a feature we believe the fans deserve, and it will naturally improve the value of SCR.
ECONOMIC MODEL FUNDAMENTALS
Our economic model is based on three fundamental principles:
Scorum Coins (SCR) cryptocurrency and platform ecosystem need to be supported by the real economy.
All active platform participants must be rewarded within the system.
These rewards have to be distributed in a fair and transparent manner moderated by the user community.
Scorum plans to derive income from three reliable sources: internal advertising system, partner programs and a photo database. We intend to use this income to keep improving the platform, reward active Scorum users and donate a portion of this income to charity.
CROWDSALE STRUCTURE
Tokens Crowdsale will go in the following stages:
The first 1.6 million SCR was sold at a 50% discount on a pre-sale.
The following 2 million SCR will be sold at a 25% discount.
After that, 3 million SCR will be available at a 10% discount.
The 12 million SCR left after these stages will be sold at nominal value (1 USD).
The development is based on Graphene framework with DPoS (Delegated Proof-of-Stake) consensus. This solution enables users to have zero-commission transactions and turns Scorum into a highly favorable ecosystem.
Pluses:
- Great and useful idea
- Working similar projects (Steemit, Golos)
- Excellent and correct choice of the blockchain – Graphene. Ethereum is definitely not suitable for the realization of this project
- World sports stars in a team, that will increase the recognizability of the product
- Great move with the exchange rates without commissions, this will attract a large audience
Minuses:
- Beta version doesn’t use graphene, it does not implement the basic functionality of the platform
- For the whole system to work, you need a really large number of partners and advertisers
- According to Linkedin, CTO has little experience in developing blockchain solutions, but good experience as a whole
Blockchain Solution Architect| ICO Advisor Rated on May 25, 2018
5
4
3
4%
TECHNICAL OBSERVATIONS
The platform will be built upon graphene protocol, it uses DPoS mechanism.
PROS
Graphene protocol has high throughput and underlying technology for Steem, Bitshares and Peerplays.
Content based social media marketing(Photo sharing, articles) can be easily pegged to graphene protocol.
Graphene protocol is best for financial applications.
CONS
No mention about technical architecture and github repository.
No mention about betting algorithms.
Though graphene protocol supports the high throughput, it doesn't have the computation verification mechanism.
OPEN QUESTIONS
Is the live broadcasting,E-commerce for sports merchandise are directly served through DLT?
Marketing Professional | VR Research Lead | Cryptocurrency Specialist Rated on Dec 6, 2017
4
5
4
3%
Sport media industry is huge and the application of blockchain technology using Scorum seems very interesting. Looking forward to see more development.
There are many gambling ICOs, and most of them will catch on quickly because early adopters/investors typically like to gamble. I like the twist with this ICO in that it rewards contributors for content. There are many good choices in this sector, but I chose to invest in this one.
Software engineer and advisor Rated on Dec 24, 2017
3
4
2
1%
Full disclosure - I'm not a sports person
Although the vision is basically a combo of several existing ICOs - social media, event data and analytics, plus betting - the combination for sports could be an attractive honey pot that brings users to the platform.
I wish they had made the product into a Smart Media Token app (STEEMs equivalent of an ICO) and saved themselves a lot of work. So far although they have a Git repo with code they freely admit they are basically using a clone of the Steem blockchain and leveraging the tried and proven Steemit economic model (which does have issues).
It is really not clear how they will do person to person betting with no house take. When you go after a massive multi-billion dollar industry and don't want a take, even a fraction of a percent, it seems either very ballsy or a mistake. I'm wondering if there are legal reasons for this. Also since there is also an ICO all about person to person betting called Wagerr that will take a year to launch I think Scorum may be underestimating the difficult around doing this reliably.
As for the team - it doesn't seem to have many tech heavy hitters in leadership. This is mostly sports advisors, evangelists, and business folks. However there are a quite a few blockchain and front/backend devs listed so at least they have a body count commensurable with getting shit done.
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