LIGA, a blockchain platform powered by Waves built to tokenize big sporting events by creating unique cards for every team taking part in a competition, announced today the launch of a presale of tokens for the 2019/20 UEFA Champions League season.
Tokens for all 32 teams participating in Europe’s foremost club football event will be on sale from today until December 11th. During the presale stage, 3,000 tokens for each team will be sold at a price of $0.50. From December 12th, the price will increase to $1.
During the main sale, the price will increase by $0.20 for every 1,000 tokens sold for each team – making tokens for the most popular teams more expensive. Proceeds from all token sales will form a prize pool, which will be distributed between holders of the winning team’s tokens.
LIGA Platform
The LIGA platform facilitates converting predictions into digital assets and trading them directly between users. All transactions are processed by smart contracts offering full transparency. The platform collects a service fee of 6% of all proceeds from token sales. The use of the platform does not require any specific knowledge or understanding of odds, as is the case with traditional bookmaking.
To create an account, a user just needs to provide an email address. The minimum investment is $0.50. All blockchain technology – which ensures transparency, the security of transactions and enables bets to be placed directly, without intermediaries – is “under the hood” and users do not engage with it directly. LIGA tokens can be bought using BTC, ETH, and WAVES, and there are plans to add fiat currencies soon.
As is the case for all sports events tokenized by LIGA, during the UEFA Champions League, users can cash in not only by correctly predicting the winning team, but also by selling tokens at a profit when their value increases due to better-than-expected performance.
The group stage is already in progress, and the 16 teams advancing to the knockout stage will be known after the final group matches, scheduled for December 10th and 11th. The knockout phase will kick off on February 18th, and the final is scheduled for May 30th at Atatürk Olympic Stadium in Istanbul.
