Brazilian Football Club Avaí to Launch Cryptocurrency

Just days after French soccer giant Paris Saint-Germain football club (PSG) announced its own cryptocurrency, complete with an initial coin offering (ICO), Brazil’s Avaí Football Club has come up with a similar plan.

Announced Wednesday, Avaí FC has partnered with blockchain-based sports investment ecosystem SportyCo and football investment platform Blackbridge Sports to raise funds worldwide through the ICO, aiming to raise $20 million in the sale.

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According to the official news release, the coin, dubbed Avaí FC Token, is said to be available for sale in October, with the ICO ending in early November. Football fans can be a part of this ICO vision, which aims to bridge the gap between the new fintech industry and sports using blockchain technology, the release added.

Reference: https://www.ccn.com/brazilian-football-club-avai-to-launch-cryptocurrency-20-million-ico/

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