Initial Implementation on an Existing Blockchain

Choice of Blockchain: Solana

• Rationale:

  Solana is selected for its high throughput, low transaction fees, and robust developer ecosystem, which are essential for providing a seamless user experience during the initial launch phase.

• Advantages:

  • Scalability: Capable of handling a high number of transactions per second, ensuring smooth operations even during peak usage.
  • Cost-Effective: Low transaction fees make microtransactions feasible, encouraging user participation.
  • Established Infrastructure: Mature tooling and wallet support reduce barriers for users and developers.

Smart Contracts:

• Token Distribution:

  Smart contracts will manage the initial distribution of CRYPTOFC tokens, ensuring transparency and security.

• Merchandise Sales:

  Smart contracts will handle transactions within the merchandise marketplace, automating payments and ensuring trust between buyers and sellers.

• Reward Schemes:

  Implement automated reward systems for fan engagement activities, such as attending matches or participating in community events.

Security Measures:

• Audits:

  Engage reputable blockchain security firms to conduct thorough audits of all smart contracts, identifying and mitigating potential vulnerabilities.

• Bug Bounties:

  Establish bug bounty programs to incentivise the community to report security issues, enhancing the platform’s resilience.