Fan Pools

GOLball has created a number of derived assets from the original goal ball, that have their own valuation based on the product or activity they represent (e.g., certified balls, game tickets, signed team jerseys, or player events); their individual values may not be significant as a business opportunity, but their added valuations can be significant as a whole. The sum of all values, pooled in a specific league's GOLball Fan Pool, creates and additional engagement opportunity that can maximize the appreciation of the underlying assets of the pool and allow a diversified monetization strategy that aims at fans that look into the collective appreciation of the assets over time. This means that fans have access to a collaborative opportunity that offers a bigger piece of the football pie. The Net Asset Value of the pool (NAV), sum of all assets minus all liabilities, reflect a tangible valuation that can be divided in different ways to create a unit of value that can be monetized in alternative forms, creating a unit that is now different from any asset in the pool and can be offered as membership. GOLball is offering units as membership that can be acquired via digital assets that represent a participation in the NAV of the pool and can be acquired through the secondary market of NFTs in OpenSea, for now. GOLball memberships allow holders to decide over the future of Fan Pools and receive the benefits of its performance through time, meaning that they enjoy governance through digital voting rights. These rights follow most of the decentralized governance rules and most importantly, it provides an inclusion platform for advanced fan engagement.

Fan Pool MEMBERSHIPS

GOLball’s Fan Pools are a digitalized entity that is collectively owned by holders of non-fungible membership tokens, that operate towards a common objective without the leadership of a single institution or individual. Collective management comes from voting decisions rights granted by the logic of a smart contract that has embedded the rules of subscription, valuation, operation, and administration, as well as the distribution of responsibilities and benefits. Unknown participants can join the Fan Pool without the risk of malicious behavior as the ruling smart contract is trustless and only operates under the setting of its parameters, limiting any initiative that is not aligned to the interest of the collective ownership. This parametrized interaction also regulates the use of assets, resources, and treasury which guarantees that all interests will be correctly represented, specially when published on the blockchain as it can’t be tampered with or changed without the majority rule of the voting process. Memberships are represented by the unit of value that the Fan Pool creates through the NAV valuation and are available as NFTs that can be acquired through direct offerings or secondary markets. The value of these NFTs vary according to mark-to-market (M2M) valuations, which calculates the cumulative value of the Fan Pool at any specific period of time.

GOLball’s M2M valuation is planned to be done on a regular basis, allowing a constant indicator of the pool performance for transparency and transactional purposes. Members of the Fan Pool can contribute football assets under the approval of doxxed (publicly identified members) pool delegates that will vet the value and quality of the assets and will quantify the contribution in terms of additional membership NFTs. Meaning that acquiring NFTs can be in payment or kind. In any case, all resources (cryptocurrencies or assets) will increase the collective value of the pool and therefore the value of each NFT. The more valuable assets, the more appreciation of the memberships. Managing the Fan Pool through collective voting has two levels of governance, general voting -each NFT equals one vote- and delegate voting -a holder that represents multiple NFTs holders-. General voting works as a consensus mechanism that requires a large majority (over 60%) to make decisions over the asset pool.

In both cases, voting is performed through trusted technical protocols that guarantee the transparency and accuracy of each voting process as they are all on-chain transactions (registered on the blockchain). The life of the Fan Pool is defined through the smart contract parameters and can be determinate to last for predefined periods of time (after a number of years the pool is liquidate no matter its NAV) or by achieving key milestones, based on successful valuations or results; or for limiting risk due through poor NAVs. GOLball estimates, that the pool will accumulate a large number of assets over time that will gain value as they are scarce and relevant to fans and third-party investors, which means that the value of each membership NFT will increase the liquidity to the asset and future transactional valuation (mean of exchange for other kind of digital assets).