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ULA Token
ULA FC Token Logo
Token Details:
- Binance Smart Chain (BEP20)
- Supply: 1,707,376 ULA FC
The First Fan Token launch though BSC.
What is ULA FC Token?
ULA FC is a Venezuelan soccer team, twice champion of the Venezuelan soccer league and semi-finalist of the Libertadores of America cup!
ULA FC Token (ULA) will be the first exclusive Fanatics Finance token with its partner KSOC SPORTS.
The idea of exclusive Fanatics Finance tokens in partnership with KSOC SPORTS, is to promote the creation of resources through digital assets for football clubs and sports entities.
- Leveraged Yield Farming Platform: The aim of the ULA is to transition to a robust and successful concept of a leveraged yield Farm platform with “Boost Cards” or “Turbo Cards”, in pairs with: GOAL, BNB and wKSOC within the DeFi protocols.
- Physical Use of ULA: The ULA FC Token may be used by the ULA FC Football Club in the exchange of physical products of the club and partners, or even with the construction of incentives and facilities for the ULA Token holder within the football club’s own physical environment and/ or partner environments, which may extend to the exchange for exclusive or partial physical products of the club. This utility must be analyzed and/or made available by the Club itself, with no obligation to do so.
- DeFi Channel: In partnership with blockchain consulting company KSOC SPORTS, ULA together with Fanatics Finance is working on creating a powerful environment for Football Clubs to use to their full potential in terms of branding and sponsoring. Within Fanaticis Finance, the ULA will offer rewards for the ULA/BNB pair in GOAL Token + ULA, in addition to other pairs with “Boost” to obtain a constant and attractive APR% and APY%. This is a step towards improving the user experience of the sports industry, allowing the integration of previously inaccessible audiences with so-called “Fan Tokens”.
- GamiFi, BETfi: Fanatics Finance, together with its developer partner KSOC SPORTS, believes the future of finance lies at the intersection of games and DeFi. The partnership between the companies has evolved into the creation of an “Online Betting” and “Online Casino” system, where ALL Fanatics Finance Exclusive Tokens, including ULA FC Token will be accepted for use within the “FanaticsBet” where 100 % of fees charged by FanaticsBet will be used to BUY AND BURNING GOAL TOKEN. The association between: Fan tokens, DeFi platform and Gamification of sports betting, will be the most effective burning mechanism for the removal from the market and consequent enhancement of the GOAL Token.
Usability
ULA is the licensed and authorized token of the ULA FC Football Club, from Venezuela. It serves a variety of key utilities: encouragement of DeFi protocols, benefits of gamification and sporting bets mechanics and distribution, and leveraging the club’s image and brand with its fans. Incentive models can include mechanisms such as using the token to purchase physical products from the Club or its partners, as well as incentives and facilities within the Club’s environment.
Finally, most of the Fanatics Finance ecosystem products that feature their first unique ULA token are built to generate profit and we are actively exploring models to redistribute those profits among ULA Token, GOAL token and wKSOC holders.
ULA FC Token Distribution
The total supply of ULA FC tokens is 2,000,000. Details:
- 50% (1,000,000 ULA) will be reserved for the IFO on Fanatics Finace.
- All ULA FC tokens not sold in the IFO will be burned to protect the capital of all buyers.
- 30% (600,000 ULA) will be reserved to create liquidity and boost card rewards involving ULA FC Token and/or other exclusive Fanatics Finance tokens.
- 20% (400,000 ULA) will be reserved for exclusive use and development of the ULA FC and/or its partners, the total distribution of this amount being made at the rate of 80,000 ULA tokens per year.
Following the IFO, approximately 50% of the total supply will be circulating in the market.
IFO Sale Details
Sale start block: To be announced by Fanatics Finance
Sale end block: To be announced by Fanatics Finance
Amount to be raised: $250.000 USD in GOAL-BNB LP tokens
Tokens to be sold: 1,000,000 ULA (50% of ULA total supply)
Price per token: 1 ULA = $0.25 USD
GOAL to be burnt from IFO sale: $125,000 USD
Method:Unlimited Sale will be conducted via the Overflow method.
What is the “Overflow” sale method?
TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.
In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
To participate in the IFO:
Before Sale:
- 1.Create an active Fanatics Finance profile.
- 2.Buy GOAL and BNB tokens
- 3.Get GOAL-BNB LP tokens by adding GOAL and BNB liquidity
During Sale:
- 1.While the sale is live, commit your GOAL-LP tokens to buy ULA tokens at fanaticsfinance.com/ifo
After Sale:
- 1.When the sale is complete, claim your ULA tokens and your unspent funds will also be sent back to you.
- 2.Done! In the case of an overflow you can unstake your remaining GOAL-BNB LP tokens.
If you decide to acquire GOAL-BNB LP tokens before the IFO starts, you can stake then in fanaticsfinance.com to earn GOAL token rewards while waiting for the sale.
Unlimited Sale IFO
Want to participate in the IFO and get the most bang for your buck? This is for you.
In the “Basic” session, each person can contribute a in GOAL-BNB LP tokens.
The number of tokens available in this format will typically represent around 50% of the total supply.
Note that the final allocation you receive will still be subject to the total amount raised in a IFO.
Please note — The final USD price per GOAL-BNB LP token will be set a few minutes before the sale starting at block and will be broadcasted on all channels.
While a few things may be subject to initial change, two things are sure:
- 1.You will need GOAL-BNB LP tokens to participate.
- 2.If the full $250,000 USD allocation is raised, then at least $125,000 USD of GOAL tokens will be burned forever.
We will also be running a Trophy Pool and Yeld Farm for ULA FC Token which will commence at the conclusion of the IFO.
Vaults and partner platforms:
In order to host the ULA Trophy Pool, and ULA Farm Cards on Fanatics Finance, we will to provide a ULA-BNB farm boost card where besides the rewards they will be boosted with: GOAL + ULA Tokens. These “Turbined Cards” must offer APY% total of thousands. The period to be made available these “Turbined Cards” may vary depending on the availability of partner platforms.
Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project and please, make your investments very cautiously. Fanatics Finance or KSOC Sports will not be held responsible for any investment losses.
Last modified 7mo ago