Football Goal Coin (FGC) Whitepaper
Introduction
Football Goal Coin (FGC) is a new cryptocurrency designed specifically for football fans, crypto traders, and investors. This whitepaper (written in 2023) outlines the key features, market potential, and the unique ecosystem of FGC.
A Brief History of Cryptocurrency
Cryptocurrencies are digital currencies secured by cryptography. Bitcoin, created in 2008 by Satoshi Nakamoto, was the first decentralised cryptocurrency. It introduced a peer-to-peer network for secure transactions without a central authority. Since then, numerous cryptocurrencies like Ethereum, Ripple, and Litecoin have emerged, each with unique features.
Market Potential
The current cryptocurrency market is valued at $5.15 billion, expected to grow to $11.71 billion by 2030. Football, the world’s most popular sport with 5 billion fans, offers a lucrative market for FGC. The global football market, valued at $3.2 billion in 2022, is projected to reach $4 billion by 2028. Football betting, valued at $231 billion in 2022, further enhances the market potential for FGC.
Introducing Football Goal Coin
Football Goal Coin is designed to revolutionise the crypto industry by offering a fast, secure, and efficient way for football fans and investors to engage with the sport. FGC operates on its native blockchain, with 100,000 nets making one FGC token. Mining is incentivised by issuing coins when goals are scored in professional matches, making it accessible with low-power devices like smartphones.
Tokenomics
Football Goal Coin has a maximum supply of 21 million, with 19.9 million in total supply and 90% in circulation. The coin distribution includes live mining (19.8 million) and an initial coin offering (21,000). Newly mined coins are distributed among hosts (48%), miners (48%), and the FGC Committee (4%).
Mining & Gas Fees
Football Goal Coin uses a unique mining protocol based on accurate data from football games. Mining is accessible to all devices connected to the internet. A small nominal gas fee in FGC is required to cover operational costs, credited to new users for free.
The FGC Blockchain
Football Goal Coin’s native blockchain offers greater control, flexibility, security, and decentralisation. It ensures fast and secure transactions with low fees. The blockchain is inspired by Bitcoin but optimised for mining and transaction capabilities specific to FGC.
The FGC Exchange Platform
The Football Goal Coin Exchange allows users to trade FGC and other leading cryptocurrencies. It offers advanced trading tools, real-time market data, and order books. The exchange supports multiple fiat currencies and includes an escrow service for secure transactions.
The FGC Escrow
The Football Goal Coin Escrow facilitates secure transactions without intermediaries. It supports peer-to-peer trading and allows users to nominate an escrow manager for transaction oversight. This feature provides a decentralised and secure platform for buying and selling cryptocurrencies.
The Benefits of the Exchange
The Football Goal Coin Exchange offers a secure and reliable platform for trading cryptocurrencies. They provide transparency, security, and efficiency, making them ideal for businesses and individuals. Advanced trading tools help users make informed decisions and execute trades efficiently.
The FGC Peer-2-Peer Lending Platform
The Football Goal Coin Lending Platform offers a decentralised way to lend and borrow funds. It allows users to set their terms, providing flexibility and control. The platform records all transactions on the FGC Blockchain, ensuring transparency and security.
The FGC Franchise
Football Goal Coin plans to establish exchanges globally through a franchise model, ensuring standardised, high-quality protocols. Interested businesses can apply for a franchise and receive guidance in setting up FGC Exchange services in their countries.
The FGC Committee
The Football Goal Coin Committee, consisting of lead developers and project managers, oversees the ecosystem’s integrity and expansion. It will evolve into a decentralised autonomous organisation (DAO) governed by transparent and automated rules.
Roadmap
The Football Goal Coin roadmap includes four phases:
- Initial Coin Offering (ICO) and advertising strategy.
- Building the blockchain, mining, exchange, and escrow.
- Launching FGC, expanding advertising, and market-making protocols.
- Expanding with a peer-to-peer lending platform, franchising the exchange, and allowing users to trade other coins.
Football Goal Coin aims to merge the passion of football with the innovation of cryptocurrency. With its native blockchain, diverse features, and global expansion plans, FGC is poised to become a significant player in the cryptocurrency and blockchain industry.
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