Soccer legends Paul Scholes and Andriy Shevchenko have joined a cryptocurrency project that aims to bring smart contracts to the world of soccer, increasing transparency and efficiency in the sport. Soccer Legends Ltd has ambitious plans to offer fans of the sport a completely different way to experience it, benefiting fans, former players, youth talent, scouts, and clubs through blockchain-based initiatives.
With Scholes and Shevchenko already in the net, founders Raymond Wong and Jason Sze are hoping to sign several more soccer legends as part of their $27 million fundraising effort.
Paul Scholes Personal Input
Rather than simply being a promoter of the coin, as other personalities Floyd Mayweather and DJ Khaled have found can come at a cost, Scholes will take an active role in the project, acting as a mentor to youth talents and attending special events voted for by fans. Scholes, who retired in 2013 after a glittering career with Manchester United, said of the ambitious project, “I’m delighted to be part of this project and excited about hopefully helping the next generation of young footballers.”
As a “Principal”, Scholes will pick young talented players from different soccer academies and mentor them, personally meeting them at least four times a year and guiding them through the early years of their careers – both on and off the pitch. 433 Token holders will be offered the chance to sponsor this mentoring process and watch the player’s progress as it continues.
Soccer on the Blockchain
The 433 Token initiative is not the first tie in between soccer and blockchain technology, with rumors of top players being paid for in cryptocurrency gaining strength last month following a successful transfer in February. Given the size of the fees involved, the speed of blockchain-based payments and the hugely reduced cost compared to international wire transfers would seem to be a perfect use case of cryptocurrency in soccer. The same can be said for the smart contracts that execute when conditions of a player’s contract are met. Indeed, we may well see the first 433 Token graduates being among the first players to be transferred via cryptocurrencies.