The NCAA’s 2021 NIL policy allows athletes to monetize their personal brands, yet many struggle to access fair compensation. With BallerCoin, we have come up with a solution to this core problem in collegiate sports by using the cryptocurrency space to bridge the gap. BallerCoin will use the ever-growing meme coin virality to fund athletes while also increasing fan engagement.
Problem
- Financial Equity: Most men’s basketball players lack the resources to capitalize on NIL.
- Recruitment Challenges: Universities compete to retain top talent in the transfer portal era.
- Community Disconnect: Fans seek deeper connections with athletes beyond traditional donations.
BallerCoin Solution
- 0.5% Transaction Tax: Every BALL transaction allocates 0.5% to a vault for each athlete who completes promotional tasks.
- Talent Incentivization: Funds reward current players for performance and engagement, while attracting recruits.
- Transparent Allocation: Smart contracts automate payouts based on verifiable metrics.
Tokenomics
- Total Supply: 1 billion BALL (50% burned at launch)
- Tax Structure:
- 21.5% to Athlete Vault
- 78.5% to Liquidity Pool
- Athlete Vault: Funds distributed to players based on:
- Social media engagement
- On-court team performance
- Recruitment milestones
