Sponsy- Decentralizing Sponsorships Industry
Sponsy is a Platform that spotlights on giving and creating service sponsorships, in light of Blockchain technology. Sponsy gives opportunity sponsorship to each sort of business, which will be exceptionally advantageous to the improvement of the business. Sponsy runs utilizing a decentralized framework, which will be extremely secure and transparent for users.
The lack of clear and proven mechanisms in the market of sponsorship financing led us to the decision to create a solution that would be equally beneficial for every party wishing to immerse himself in the world of sponsorship.
According to our vision, we are going to shift the balance in the market of sponsorship services towards small and medium businesses, who are also well aware of all the benefits sponsorships provide, but are constantly overlooked by typical agencies because of their small size.
Getting Started Development
Sponsy was created on the premise of some concerned with the industry sponsorships and intends to turn it in a better direction. By seeing good opportunities in Blockchain technology and pre-existing experience, a service called Sponsy, which will provide a better and safer sponsorships service. With support from the Sponsy App, Sponsy will make sponsorships easier. Sponsy provides a feature where users can communicate directly with partner sponsorships via chat via a user-friendly interface.
Sponsy will directly become the organizer of sponsorships activities, as well as sponsoring the opportunity to get their brand or place professionally. The event organizer will be able to see the prices in real time through the features provided by Sponsy, with this the event’s organizer can determine the number of costs to be incurred. Event organizers will be able to directly see the different types of sponsorships and then choose directly according to the cost they are calculating. With this, then the user is not stuck with the affairs of difficult sponsorships. Sponsy also works with various parties such as experts, lawyers, and designers, who can be used to address issues related to sponsorships activities. Sponsy develops a token called SPS, which can be used by users to transact or trade in exchanges. This token will run by using the ERC 20 Ethereum-Blockchain system. Sponsy can be used globally, so Sponsy opens a good opportunity for sponsorships. Sponsy will be a solution related to the problems facing the sponsorships industry today.
Despite the fact that sponsorship deals investment is growing, only limited types of businesses today have an ability to become a sponsor or sponsee. The sponsorship market is heavily biased towards big and influential companies, which are well known to be profitable and drive huge revenues for each party of a sponsorship transaction — be it a sponsor, sponsee or intermediary agency that arranges the deal. Large advertised events and organizations, such as FIFA, NASCAR, have no problems finding sponsors — in fact, sponsors do beg these events to take money from them. Similarly, big brands easily attract properties to finance.
Why this happens? It’s because of a dangerously high centralization of the market. Brands and events worldwide rely on sponsorship agencies or brokers to conclude deals. These brokers managed to capture a significant market share that allows them to dictate their own terms now. Agencies are only interested in working with big companies. This clearly creates multiple obstacles for small and young businesses willing to involve into sponsorships.
It’s hard to stress enough all the hurdles that startups and local properties have to overcome in order to get noticed by sponsors. Since the market today is mostly outdated and completely opaque, these yet-to-grow businesses are literally forced to knock on every potential sponsor’s door, trying to find people, who are responsible for corporate sponsorships. And catching sponsor’s attention is only the beginning of a long way of slowly convincing sponsor to spend money financing this particular event. Unfortunately, sponsors are most likely to refuse in cooperation.
In fact, all the small properties we’ve been talking to keep complaining about the same biggest problem — how to get sponsored quickly and efficiently, without having to go from door to door and endlessly pitching your business?
The today’s market does not answer this question.
Brands pay little to no attention to small local events, thus impairing small and midsize businesses so beneficial to the overall economy. Mediocre properties holders, who aim to achieve great heights, simply unable to sign a contract with huge brands, because latter are inundated with requests for sponsorships. Consequently, midsized properties are left with no choice at all. All they can do is to continue organizing events with limited sum of money, therefore not delivering proper level of service. It again brings them to point of not being able to excite big brands. This is a non-stop wheel of hell. Smaller brands, in their turn, in many cases are unwilling to take any risks of sponsoring some unknown event due to lack of proper expertise.
Now it does not matter whether you have a large budget. We are not interested in your annual turnover. You can be either a large public company or a small family business. We provide our users with a platform through which they can agree on another sponsorship deal and instantly learn about new opportunities. Just join our network and start looking for partners. Thanks to the maximum automation of all processes related to sponsorship, we can charge much less commissions than the average for the market, while providing customers with what is so lacking in the market today – exceptional quality.
The blockchain is an immutable public ledger that records digital transactions. This technology was first introduced by an anonymous individual under the pseudonym Satoshi Nakamoto in 2008 and has since revolutionized the way we conduct currency transactions worldwide. Blockchain enables trust to be distributed throughout a network, without the need for a central authority to track, verify and approve the digital exchange of value. It operates as a decentralized distributed database, maintaining a continuously growing list of records divided up into blocks. Legacy will take advantage of this technology to be decentralized and place its trust in its users. The blockchain is a fairly new technology and it is still in active development, improvements are happening continuously, and it has become more efficient and secure than the traditional antiquated systems, which is why banks, government, and other institutions are adopting the technology. Blockchain technology allows for time-tested, data, and attention. The current protocol aligns the interests of all stakeholders in the media consumption cycle to create a network effect that encourages adoption. By creating new exchange media, Consumers get more choices about how they pay for media; Creators and Receivers get new forms of compensation, and Advertisers get more transparent accounting and audience information. The protocol interacts with the current platinum in addition to other host media networks. It introduces new revenue streams and inefficient mechanisms for host networks that provide the ability to scale effectively. Over time, donors will utilize the identity profile created for future blockchain-based systems.
Sponsy believes that with a solid and reliable team and system, Sponsy can provide Users with a safe and transparent sponsorship service, and provide users with various benefits and conveniences. Team Sponsy also believes that with systematic and professional development, Team Sponsy can build a better platform than similar platforms.
With this opportunity, We invite you to enlarge this Platform, to reach the Broader Society. We will release the Token under the name “SPS Token”, here is the data.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.