1.What is CTRL Protocol?
CTRL Protocol is a platform built to create an interactive ecosystem and more utilities for sports enthusiasts. The project aims to bridge the gap between sports and entertainment entities, as well as the fan community, athletes, and content creators.
This protocol aims to gamify the sports and entertainment sectors by allowing fans to actively participate in live events and impact outcomes in real-time.
2. Core principles
The core principles set by the project for its product include:
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Decentralization and open governance: CTRL Protocol will uphold decentralization principles, promoting transparency and collective control within the community.
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Interactive experience: The protocol will continuously innovate to provide a rich, real-time, and engaging experience for fans.
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Empowerment of contributors: Fans, players, content creators, and other contributors will be recognized and rewarded for their contributions to the ecosystem.
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Value creation: The protocol will prioritize creating value, ensuring it continuously enhances the experience for all stakeholders.
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Respect for privacy: CTRL Protocol will respect and protect users' privacy and data, maintaining the highest standards of data security and ethical use.
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Scalability and accessibility: The protocol will strive to be accessible and scalable, reaching as many fans and participants worldwide as possible.
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Promoting collaboration: The protocol will encourage collaboration between fans, athletes, leagues, and creators, fostering mutual development and innovation.
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Sustainable development: The protocol will aim for sustainable development, ensuring long-term growth and sustainability.
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Inclusive community: The protocol promotes an inclusive and diverse community, where every voice is heard and every contribution is valued.
3. Project’s products
3.1 Project applications
The Control App is CTRL Protocol's first product, allowing sports fans to have a better experience with the sports and teams they support.
Currently, the Dapp has achieved over 100,000 downloads on the CHPlay app store, which is quite impressive for a newly launched Dapp. Users can participate in daily voting activities on the Dapp and accumulate Points from these voting activities. Those with the highest number of Points will receive $CTRL token rewards from the platform.
This activity takes place weekly, so be sure to participate daily and claim rewards. Additionally, the project has a gaming platform with two games, GOLF and racing, for users to experience. In-game items will be traded using $CTRL tokens.
Currently, there are no rewards for these gaming activities, so stay tuned to the project's social media channels for updates when the program is launched.
3.2 Digital Collectibles
Digital Collectibles capture the most interesting and memorable moments from games and events, allowing fans to obtain limited edition highlights and turn them into part of their digital collection.
Each collectible moment is created as an NFT, certifying the authenticity and rarity of that asset type. These moments can be owned, traded, and displayed within the ecosystem. Fans can reminisce about decisive winning goals, spectacular ball touches, or stunning goals, all recorded as exclusive digital assets.
Furthermore, fans can participate in exclusive activities created by the project, and NFT owners can interact directly with the players they support.
3.3. Fanvatar and digital identity
Fanvatar represents the digital identity of fans within the platform. It is a customizable digital avatar that fans can personalize to reflect their style, preferences, and relationships within their unique community. Fanvatar serves as the digital representation of fans in the CTRL Protocol virtual world and is built on a combination of on-chain and off-chain data.
Fans have access to various customization options for their Fanvatar. These options include virtual equipment items such as jerseys, hats, accessories, etc., represented as NFTs. Each equipped item is associated with specific attributes, allowing fans to show their support for their favorite team.
Additionally, the project will have products for Fanvatars such as:
- Metaverse connectivity: Fans can connect in virtual stadiums and introduce their Fanvatars.
- Fans can participate in virtual watch parties, where they can watch live matches or events together while interacting in real-time. Through synchronized live streaming features, fans can chat, cheer, and commemorate memorable moments as if they were together.
- CTRL Protocol will also activate global events and competitions, bringing fans from around the world together. These events provide a platform for fans to showcase their knowledge, skills, and passion, competing with each other to demonstrate their fandom.
4. Tokenomic
The $CTRL token will be the primary token within the CTRL Protocol ecosystem, offering benefits such as:
- Use as rewards for fans, athletes, and contributors.
- Access to exclusive content.
- Purchase of exclusive fan tickets and passes.
- Participation in voting.
- Enhanced voting privileges.
Detailed information about the $CTRL token:
- Total token supply: 100,000,000,000 tokens
- Network: Ethereum
- Standard: ERC-20
The token will be fully issued over a 4-year period during the ecosystem development phase, with the allocation as follows:
- Operational expenses: Unlocked over 12 months from the TGE phase.
- The ecosystem fund: 3% allocated for tasks, exchange listings, and early user incentives within the app, with these tokens unlocked at TGE. The remaining 12% of the ecosystem fund will be locked for 3 months and then linearly released over 4 years.
- The treasury: 2% unlocked at TGE. The remainder locked for 12 months and then released linearly over 3 years.
- Growth Contributors: 5% unlocked at TGE. The remainder locked for 12 months and then released linearly over 3 years.
- Strategic sale: Locked for 12 months post-TGE and then released linearly over 3 years.
- Early Contributors and the team: Locked for 12 months post-TGE and then released linearly over 3 years.
5. Development Team
Updating...
6. Partners and Investors
The project has raised $40 million from major investors in the market, including Animoca, Delphi Digital, Gemini, LightSpeed.
Additionally, the project has established partnerships with other partners such as Twitch, PGA Tour, FuboTV, Verizon, ... These are primarily major partners in traditional sports, television, and entertainment industries.
7. Guides to participate in the Project's Airdrop
Currently, the project is launching a token airdrop program in collaboration with the Coinlist platform as well as an airdrop on Galxe for users.
For the Coinlist event, follow these steps:
- Step 1: Download the Control App and create an account.
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Step 2: After completing the installation and registering with Gmail, go to your Profile and enter the code: CLxCTRL to confirm participation in the project's campaign with Coinlist.
- Step 3: After entering the code and pressing the confirmation arrow button, you will receive a notification of successful registration to participate in the coinlist campaign and the project.
Voting activities on the platform will allow you to earn points daily and be ranked based on the number of points you accumulate. Each week, $CTRL rewards will be distributed to users participating in the voting activities based on the leaderboard.
In addition to voting activities to earn points, users can also play mini-games provided by the project to earn additional points. Rewards will be distributed on March 28, 2024, and points will be calculated according to the following timeframes:
Currently, we are in phase 1 of the program, so there are still plenty of opportunities for you to participate in the entire program. After the program ends, you will need to complete KYC on Coinlist by March 14 to receive rewards.
For the event on Galxe, you can participate by following these steps:
Step 1: Access the event link on Galxe.
Step 2: Log in and complete the tasks to register for the lucky draw to win $CTRL tokens.
There are currently 4 active programs at the time of article and all events will end at 3:00 PM on January 26, 2024, so be sure to join quickly to have a chance to win rewards.
8. Conclusion
CTRL Protocol is a platform built to create an interactive ecosystem and more utilities for sports fans. The project is backed by Animoca, Delphi Digital, Gemini, LightSpeed, and has received $40 million in funding. This is an extremely promising program where you can easily earn project tokens for free with almost no risk. Therefore, you should quickly join before the event ends.
Above is all the information about the CTRL Protocol project. If you have any further inquiries, you can join the Bigcoin Vietnam group to find better investment opportunities.
Project Information Channels:
- Website: https://www.controlprotocol.io
- Twitter: https://twitter.com/CTRL_Protocol
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