There are many countries where surfing is an important sport; still, there is a lack of best possible conditions for practising surfing. The surfing community is huge with around 60 million participants currently generating revenues ranging between $70 and $130 billion each year for the global surfing related industry. Surfing requires waves of equal height, which are aligned in the same direction, but there are not many locations with good waves. Another major drawback is the huge money that is involved in the training. Finally, LIPCHAIN has come up with a solution.
About LIPCHAIN
LIPCHAIN is an app dedicated to the surfers and sailors who can post their videos and photos and in turn earn tokens. According to the rating that the picture or video will get from the community, a surfer can expect to receive up to 840 euro per month through this basic sponsoring program. LIPCHAIN will create a decentralized social network dedicated to surfing which will allow users to be paid for the content they will publish on the app through a sponsoring system secured through smart contract. In response to weather conditions and overcrowded beaches, they will build the LIPWAVE pool Center, which will offer year-around Olympic training conditions. This pool complex will facilitate the professional development of athletes at a rate 10 times faster.
Surfing is a highly popular sport in Portugal and all around the world with revenues of between $70 and $130 billion generated annually for the global surfing related industry. However, the industry faces two major problems.
Goal
LIPCHAIN will build an inland wave pool, thus allowing year around training and creating the physical nexuses for the surfer’s community to settle around the pools. They will create a decentralized network for surfers.
Lack Of Locations And Season For Good Waves
Because there are limited places on earth with waves of equal heights aligned on the same direction, and the unfavorable weather conditions, the best times for the surfers to surf is strictly limited to once or twice yearly. This therefore means in seasons with good waves the oceans are overcrowded with people, making it difficult for the surfer to capture a wave for him or herself. The result of this is that the surfer will require between 6 to 8 years of becoming a professional surfer.
Costly Nature Of Training
Currently, to become a professional surfer an individual requires to have a minimum investment of around 750 Euros and this amount excludes the monthly spend and investment in better equipment that will enable the surfer to increase their skills level.
How Does LIPCHAIN Help?
LIPCHAIN is a decentralized ecosystem that seeks to address these challenges and provide surfers with sponsors, unofficial competitions, and year-round training. LIPCHAINalso provides a platform where surfers can earn tokens for participating and practicing their favorite sport while contributing to the objective of cleaner oceans.
The community will also offer users with access to the global surfing and sailing community and the necessary tools required in selecting an athlete for sponsorship and providing the sponsor with smart contracts for securing the deal.
Solutions Provided By LIPCHAIN
LIPCHAIN App
The platform will develop an app specifically suited for surfers and sailors, integrated with a decentralized social network. The Network enables surfers to post their videos and photos and be compensated using tokens. The amount of tokens received depends on the community ratings of the video or photos. Surfers can also earn tokens by participating in contests organized within the application.
Additionally, the relatives, friends, and family of the surfer can film the surfer during competitions and trainings and earn money, which is sharable with the filmed surfer.
LIPWAVE Pool Centre
The pool will offer all year round Olympic training conditions for the surfers since the pool will be able to generate waves every 6 to 8 seconds for more than 1000 surfers per day. The pool will enable surfers to reach the professional level ten times faster. In the future, an ecological resort will be built around the pool.
Environment Preservation
LIPCHAIN will collaborate with surfboard producers to create ecological surfboards that are environment friendly. LIPCHAIN will further improve the environment by allocation part of the revenue generated to charity organizations the clean oceans and beaches.
LIPS Token
To be part of the ecosystem, users can purchase the tokens during the token sale. The tokens are used in all activities within the LIPCHAIN community, to pay for advertisements, training, and membership in the LIPWAVE Pool Centers, sponsorships and to purchase discounted surfing products.
Parameters Of The ICO
- Token: LIPS
- Token protocol: ERC20
- Total tokens: 1,000,000,000
- Tokens for sale: 210,000,000
- Token Sale Date: March 21 – November 15, 2018
- Soft Cap: 3,000,000 USD
- Hard Cap: 20,000,000 USD
Milestones:
November 2016
In is concluded that the creation of a digital coin would make sense to add to the worldwide surfing community.
February – November 2016
Dissemination of the concept with several national surfers.Encrypted currency development.
January 2018
Launch of LIPCHAIN in the market through ICO.
In is concluded that the creation of a digital coin would make sense to add to the worldwide surfing community.
February – November 2016
Dissemination of the concept with several national surfers.Encrypted currency development.
Launch of LIPCHAIN in the market through ICO.
To buy a boat and to create the sailing team to beat the world rcord. To start the sponsoring of sailing activities.
To develop the sponsorship for regatta and sailing team both adult & junior.
September 2018
Launch of the APP Captivation of all outsiders.
October 2018
Communication, adverting and promotion of LIPCHAIN.
November 2018 – April 2019
To end the ICO, in the case the hard-cap is not reach before the end.
To end the ICO, in the case the hard-cap is not reach before the end.
Team members
| Project Manager |
NA
|  | |
| CTO Lipwave Pool |
NA
| | |
| Finance & Bank |
NA
| | |
| CFO |
NA
| | |
| CEO |
NA
| | |
| Chief Project Engineer |
NA
| |
Author:
Bitcointalk Username: adifx
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1502350
Telegram: Telegram url: https://t.me/soaib_hossain_sohag
ETH WALLET: 0x71123E62201060fC3155AF4E4c752AC3659DDECA
Email: soaibhossain.bdpro@gmail.com
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1502350
Telegram: Telegram url: https://t.me/soaib_hossain_sohag
ETH WALLET: 0x71123E62201060fC3155AF4E4c752AC3659DDECA
Email: soaibhossain.bdpro@gmail.com
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