A Pioneer Reward Model in Surfing

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Blockchain adoption can bring more value-additive to surfing

Generally, sporting activities have built a very huge industry that has attracted billions of people all over the world. In a space with this large number of participating individuals, one would expect that it would be a den of business opportunities. However even this industry has challenges of investments- only few sports are selected for investment. Hence, other sports with relatively smaller fan base attract very limited investments. One of the prominent sport facing this challenge is surfing.

Surfing is a sport that is well known globally and is particularly popular because of its amazing nature. From statistics, way over 60 million people are engaged in this sport. However this number is considered small as sport investors usually tend to see better opportunities in bigger sports like football and basketball.

🏄Identifying Oppurtunities 🏄

Presently, the engagement in most sports around the world rely on investors to set up the stage and handle mostly the industrial aspect of the sport. This kind of model has proven to be the wrong approach towards more adoption and growth of surfing sport. Fortunately, a new project called LipChain plans to disrupt the surfing sport by leveraging the decentralised powers of blockchain technology to build a more functioning ecosystem that will empower more people that are engaged in surfing.

LipChain is an application powered by the blockchain technology that aims to create a strong and unique ecosystem for the Surfing community. LipChain application will build social medium for surfers all around the world, creating a community where they can share contents and experiences amongst themselves. The highlight of this design is that the revenue generated from ads on this application will be used to reward the content creators on the community.

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Surfing is a big sport that has a huge monetary value. And presently, the sport lacks any strong existing model that is focused on more adoption of surfing sport. Thus LipChain project aims to utilise the blockchain technology to attract more investors and create more reach for surfing sport.

🏄Amazing Reward Model🏄 .

The model of LipChain is the one that integrate ads in order to generate revenue internally. The revenue is used to incentivize the community. LipChain provide a platform that allow surfers to create contents of any kind that is related to surfing sport and share with the community. The creativity of the content creators is rewarded with the revenue from the ads. As a multi-benefit model, creators on LipChain will also have the opportunity to grow their skills while reaching their audience with their contents.

LipChain is building a platform that bring together surfing enthusiasts from across the globe. The project will be leveraging the community trust and willingness of people to attract more investment into surfing. Unlike many other blockchain projects that focus on the gains to be achieved, LipChain is creating a viable environment for opportunities, empowering every member of the community especially the younger talents to encourage them to pursue sports.

While a lot of people individually lack the ability to create a good future for the sport that they so much love, it has become clear that this can be achieved by the joint power of the community, .
Also Blockchain technology, through its secured and trustless decentralised design will make it easier than ever to leverage the network effect.

Highlight: LipChain project is standing on the shoulders of giants to utilize the powers of blockchain technology to create a strong and responsive ecosystem that leverages a combined community buying power to portray a network effect that can improve the nature of surfing.