✅FAQ's

What is $LKT used for?

$LKT is the native coin of our Pro Sports Blockchain Network [SportsChain]. The coin is used for various things in the Ecosystem. For example, when ever a transaction takes place on the network, there is a small fee associated with it called "gas", this gas is denominated in the networks native coin. In our case $LKT, in the case of the Ethereum Network $ETH and on Bitcoin $BTC. $LKT Coins are staked to network nodes, this means that a holder is able to allocate his coins to a large pool of $LKT that is used as collateral to validate the transactions on the Blockchain. Holders of $LKT in this pool, then receive a share of the transaction gas fees collected by the validator. $LKT represents a governance right in this decentralized Ecossytem, the D-Sports Alliance. Teams, Leagues, and service providers of the pro sports industry collectively own a share of the Ecosystem, the Blockchain and all DApps on it.

Will $LKT Tokens and $LKT Coin on SportsChain be bridged?

LKT Tokens on Chains like Ethereum or Arbitrum will have NO direct bridge to LKT Coin on SportsChain. They are separate assets with different utilities. LKT Tokens on ETH represent a governance right in the Ecosystem and shared ownership stake.

How does the Airdrop work?

At the launch of SportsChain in Q4 of 2023, holders of $LKT that they purchased through our open traded Community Pre-Sales, will qualify for automatic $LKT Coin Airdrops. This means if you want to be among the first to receive $LKT Coin on the new SportsChain, you can purchase $LKT today on the Ethereum and Arbitrum Network. Leading up to the Blockchain Launch, we will be making $LKT Tokens available to Communities on the Binance Smart Chain, Shibarium and Polygon.

As a Sports Team, where are my benefits joining the D-Sports Alliance?

In a rapidly evolving landscape of technological advancements such as Web3, Blockchain, and Data generation, it is crucial for fan-oriented organizations to remain current and promptly adapt to changes in digital trends. However, the question arises, where should they begin?

We offer a full suite of Web3 features for professional sports Teams, providing the required technical development and integration assistance to successfully operate in the new digital world. A complete digital ecosystem App enabling Teams to easily Plug & Play, boasting industry leading technological standards. Teams can offer their fanbase the best things crypto, and benefit from constant development advancements and updates, without employing internal staff. Built on the pillars of decentralization. One App for the Pro Sports Industry. All at NO Cost. Book a presentation with our Team and find out how to get started.

What is Web 3?

Web2 refers to the current version of the internet, which is dominated by companies that provide services in exchange for your personal data. On the other hand, Web3, in the context of what we are doing here, refers to interconnected decentralized apps that run on the blockchain. These apps allow anyone to participate without having to monetize their personal data.

How Can I Invest in the project?

We are always looking for the right partners and accredited investors to accelerate project growth. There is an ongoing funding round for $USD 1,500,000 offering a 10% equity stake in the project. The general public and fans can get involved by holding a share of $LKT Coin which gives them a direct involvement in the ecosystem operations. You can already now Swap $ETH for $LKT via decentralized exchange and will be eligible to receive the Airdrop of $LKT Coin at the launch of SportsChain in Q4 2023

How do I stake my $LKT to a Node?

At the launch of SportsChain, $LKT holders will be able to allocate their holdings to Nodes, supporting the operations of the blockchain network. Staking to a node refers to the process of holding cryptocurrency in a wallet When you stake to a node, you are essentially locking up a certain amount of your cryptocurrency in a smart contract. By doing so, you are providing collateral to the network, which helps to secure the blockchain and maintain its integrity. In return for staking, you may receive rewards in the form of additional cryptocurrency or transaction fees.