Surfing is a highly popular sport with revenues of between $70 and $130 billion generated annually for the global surfing related industry. However, the industry faces several major problems, including:
- Lack of funding for beginners to become professional athletes. A surfer has to train for at least 8 years, spending more than €3.000 annually.
- Limited access to the world championships as result of problems #1 and #2. Plus there is risk of judgement based by the sponsors of a championship
- Lack of places in the world for training. Did you not know it? Very few places on earth exist with good waves required for surfer training
- Lack of dedicated channels for advertisers. Manufacturers of surfing and sailing equipment struggle to reach their target audience
- Earth's waters and beaches have been contaminated by plastic and other waste, require cleaning but national governments ignore this problem.
This is where the LIPCHAIN comes into play. Found online at https://www.lipchain.io/, LIPCHAIN is a decentralized ecosystem that seeks to address these challenges and provide surfers with sponsors, unofficial competitions, and year-round training. LIPCHAIN also 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.
LIPCHAIN has available solutions to all the aforementioned problems listed Above, They can be resolved through:
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.
Additionally, the LIPS Token can be purchased within the launching of LIPCHAIN's ICO. According to the whitepaper, https://www.lipchain.io/assets/pdf/white_paper.pdf, ICO will be conducted on March 21st to November 15th, 2018. The LIPS token will be derived from a standard Ethereum ERC20. It's means that LIPS can be held, sent and received by any ERC20-compatible wallet. The token total supply is - 1,000,000,000 LIPS. The tokens will be distributed in the following manner:
For more information about LIPCHAIN, you can visit these following links:
Website: https://www.lipchain.io/
Telegram: https://t.me/LipChain
Twitter: https://twitter.com/lipchain
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