Launching the RageFan Tournament!
The first in a series of sponsored tournaments on SportX
We’re excited to announce the launch of the Rage Fan Challenge!
The Rage Fan Challenge is a 4-day SportX tournament that starts Friday at midnight ET. All sports count in this profit-based tournament. Participants compete to win one of five (5) Rage Fan Payout NFTs! These NFTs will be transferred to the wallets of the winners automatically upon completion of the tournament.
What are Payout NFTs?
Some fans call them ‘Midas Cards’ with the inherent passive wealth creation effect. While NFTs are hogging the limelight these days, payout NFTs are slowly & quietly getting the attention of Sports Fans. You may wonder why? What is the Midas magic all about? Well, here is the thing: If a fan opens their wallet to get Payout NFTs, these NFTs will bless & reward the holder for the entire Sports season!
Payout NFT cards are minted and put on sale for the entire Sports season. Once the user purchases it, they have the option to resell it or they can hold that card and earn payouts everytime their team wins. Payout NFTs are a strong advocate of the loyalty fans have for their favourite team. NFTs are available for the biggest Sports leagues including the English Premier League, LaLiga, NFL, Bundesliga and the Cricket T20 World Cup. You can also buy them marketplace.rage.fan
Earning from PayOut NFTs
- Users can BUY & OWN their favourite team NFT cards from the marketplace.
- Unlike other NFTs, Payout NFTs are highly rewarding which can later be flipped on the marketplace.
- The Payouts of these Utility NFTs are based on the real outcomes of the Club/Player’s performance.
- A simple example: Suppose a user purchases a Manchester United NFT card for $X. The user will receive a certain $RAGE every gameweek that Manchester United wins or draws.
About SX Network
SX Network will be the first public blockchain to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. The native SX prediction market protocol will be leveraged to help govern the protocol through futarchy. It is designed from the ground up for blockchain application developers with EVM-compatibility, low-cost transactions, and a PoS-based consensus model.
SportX is the #1 prediction market dapp by betting volume across all chains. All bets are peer-to-peer and settled on chain, since inception SportX has processed $80,000,000 in betting volume. Currently SportX is doing ~$4 million / week in bets, having grown over 2x in just the last month alone.