It is no longer news that the world is moving away from fiat currencies to digital currencies like cryptocurrency. It won’t be long again before all online transactions, including those of sports gaming events, will be entirely run on the blockchain. Scorefam looks to revolutionize the football gaming industry with the use of crypto. Scorefam is bridging that gap between blockchain and online gaming activities by creating a decentralized platform where sports lovers and blockchain enthusiasts can conduct their online activities and meet other football fans from all over the world while earning SFT (Scorefam Token).
What is the Scorefam Token, and why does it exist?
Scorefam Token is cryptocurrency tokens minted on the Scorefam Blockchain to create new experiences for lovers of online sporting events worldwide, allowing them to become part of a vibrant and engaged digital community. Scorefam Token is built on the blockchain platform to enable users to carry out all their online transactions on the Scorefam platform faster, safer, and without any problems. With Scorefam Token, users can say goodbye to the limitations on fiat currencies and hello to cryptocurrency.
How does football gaming with crypto work
Football gaming with crypto is quite similar to that of using fiat currencies, the major difference being that you get to stake and earn crypto assets instead of fiat currencies. Additionally, when staking on football gaming events on fiat currency-based platforms, users make predictions on fixed numbers of odds and get their winnings in fiat currencies or no currency at all in case of a loss. However, on a platform like Scorefam, football gaming with crypto is a different experience because users also get back 10% of their stakes in case of any loss.
Which sporting platforms currently use crypto?
In addition to allowing their users to bet with fiat currency, ZenSports also offers its cryptocurrency utility token known as SPORTS, built on the ICON blockchain. Users can use the SPORTS token to place bets and use it for online transactions. With the SPORTS token, users get benefits like discounted betting fees, cashback for reaching specific betting volumes, and rewards for completing different activities on the platform.
Socios aims to reward football lovers for their passion by providing them with the chance to have a say in the activities of their favourite club through Fan Tokens. With Fan Tokens, fans have access to vote and influence team decisions. The Socios platform is powered by their cryptocurrency known as $CHZ.
Unlike other traditional betting sites where the stakes are determined by the betting platforms, with BetU, users can set and determine the terms of any bet. They also have the choice of accepting betting terms set by other users. The BETU token powers the BetU platform, and it is the only thing that users can use for all their transactions on the platform.
Scorefam is an online football gaming platform that runs on blockchain technology. The platform uses its own Crypto token known as SFT ( Scorefam Token), which users can use to stake on football gaming events and also for other transactions.l Users can also use the Scorefam Predict, an AI-powered guide for making predictions on gaming events to increase their chances of earning crypto rewards in the form of SFT. Also, Scorefam has a locked gaming feature where users lock their capital for a period of time and gain a 5% increase on the locked capital for every correct prediction.
How big is the crypto gaming industry?
In recent years, the use of blockchain has skyrocketed, and on its journey to the moon, the gaming industry, among other industries, was in the passenger seats. According to a report by Newswagg in 2020, the crypto gaming industry was worth $321 million, with over 40 million online users. As of September 2021, the value of the crypto gaming industry is worth $180 billion, making it the fastest-growing form of entertainment in the world. Cryptocurrency is the future of online gaming events, and experts predict that the number of online engagements should increase by a significant percentage by 2025.
Scorefam is on that journey of changing the experience for sports lovers and crypto enthusiasts, and we’re inviting them aboard the rocket as pilots and passengers as we take football gaming with crypto to another level. To stay up to date with our news and special announcements, join our telegram channel.