Blockasset

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Discover Blockasset's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Blockasset?

Blockasset (BLOCK) is an athlete-verified NFT platform and ecosystem that connects fans to their favorite athletes through exclusive content, real-world NFT utility, and community governance. The platform has a native utility token called BLOCK, which serves various functions including staking, governance, discounts, priority access, and NFT farming.

How is Blockasset used?

Blockasset (BLOCK) is a cryptocurrency used within the Blockasset ecosystem, which focuses on sports-centric products and fan experiences. Here are some key ways BLOCK is utilized:

  1. BlockPicks: BLOCK tokens are earned as rewards for making accurate sports predictions in the free-to-play game BlockPicks. Users can climb the leaderboard and claim their rewards.

  2. Community Governance: The Blockasset ecosystem is governed by its community of sports fans, with value distributed back to members. This governance includes decision-making on media, products, and more.

  3. BlockBet: BLOCK tokens are used in the community-driven social sportsbook, BlockBet, where value is shared among members and token holders.

  1. BlockSport: BLOCK tokens are involved in the media and distribution arm, BlockSport, which targets billions of sports fans worldwide. Token holders have a say in the content produced and athlete partnerships.

  2. Rewards and Incentives: Users can earn BLOCK tokens by engaging with Blockasset products and social media, which can be claimed regularly.

These uses highlight the central role BLOCK tokens play in the Blockasset ecosystem, fostering engagement, community governance, and rewards for users.

How do I store Blockasset?

To store Blockasset (BLOCK) tokens, you need to follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports BLOCK tokens. Popular options include Coinbase Wallet, MetaMask, and TrustWallet. Ensure the wallet is compatible with your device and payment methods.

  2. Set up Your Wallet: Create an account, provide personal information, and set a strong password. You will receive a secret recovery phrase or seed words, which are crucial in case you lose access to your wallet. Record these carefully.

  3. Transfer Funds: Once you have purchased BLOCK tokens, transfer them to your crypto wallet. Log into your exchange account, provide your wallet address, and specify the amount to transfer. After a brief wait, the funds should appear in your wallet.

  1. Secure Your Wallet: Ensure your wallet is secure by using strong passwords, keeping your recovery phrase safe, and regularly updating your wallet software.

By following these steps, you can safely store your Blockasset (BLOCK) tokens in a crypto wallet.

How to buy Blockasset?

To buy Blockasset (BLOCK) tokens, you can follow these steps:

  1. Register on a Centralized Exchange (CEX):

    • Go to a reliable CEX like Binance and sign up for an account. You can use your social media account for a one-step sign-up if available.
    • Verify your identity by providing a government-issued ID and enable two-step verification for security.
  2. Purchase USDT, ETH, or BNB:

    • Use fiat to buy USDT, ETH, or BNB through the CEX's service or a financial platform like PayPal or Robinhood (for US residents).
    • Transfer the purchased USDT, ETH, or BNB to the CEX that supports Blockasset (BLOCK) trading in the spot market.
  3. Buy Blockasset (BLOCK):

  • Use the transferred USDT, ETH, or BNB to buy BLOCK tokens in the spot market.

Alternatively, you can also buy BLOCK tokens directly with a credit card using services like Klever Wallet.

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History of Blockasset

Blockasset (BLOCK) is a cryptocurrency token that is part of a sports-centric ecosystem. The project aims to create a network where sports fans can engage with various products and services, earning rewards and influencing the direction of the platform through community governance.

Historically, Blockasset's price has experienced significant fluctuations. It reached an all-time high of $0.5486 on January 18, 2022, and an all-time low of $0.01551 on December 19, 2022. This represents a substantial price drop of 87.95% from its peak and a significant increase of 326.25% from its lowest point.

Blockasset's ecosystem includes several products, such as BlockPicks, a free-to-play sports prediction game where users can earn BLOCK tokens by making accurate picks. Another key component is BlockBet, a community-driven social sportsbook that shares value with its members. Additionally, BlockSport is the media and distribution arm, which targets a global audience of sports fans and allows BLOCK token holders to govern the content produced and the athletes partnered with.

The token's market capitalization has varied over time, with a current market cap of around $17 million. The circulating supply of BLOCK tokens is approximately 267 million, with a total supply of 320 million.

Blockasset's community plays a crucial role in shaping the project's direction. Users can engage with the platform's social media, participate in games, and vote on various aspects of the ecosystem to earn points and rewards. This community-driven approach aims to create a sense of ownership and involvement among its members.

Overall, Blockasset's history reflects its ambition to create a unique sports-focused ecosystem where users can engage, earn rewards, and influence the platform's development.

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How Blockasset works

Blockasset (BLOCK) is a cryptocurrency that powers an NFT ecosystem designed to connect athletes with their fans. The platform offers a range of features and functionalities that make it easy for users to engage with athletes and collect unique digital assets. Here's an overview of how Blockasset works:

NFT Marketplace

The core of the Blockasset ecosystem is a blockchain-based NFT marketplace where users can buy, sell, and trade NFTs. These NFTs are securely minted on the blockchain, ensuring their authenticity and ownership. The marketplace is designed to be user-friendly, allowing new users to easily purchase NFTs using fiat currency or cryptocurrencies like BLOCK tokens. Users can also create their own custom avatars, which serve as unique digital collectibles.

Staking and NFT Farming

Blockasset has a staking platform called the Asset Hub, where users can stake their BLOCK tokens and NFTs to earn rewards. This process is known as NFT farming. By staking, users can obtain an exclusive reward token called ASSET, which grants access to custom NFT drops on the platform.

Community Engagement

The platform encourages community engagement through various features. Users can vote on athlete content, participate in lotteries, and interact with their favorite athletes. NFT holders also receive governance privileges, allowing them to influence the direction of the platform.

Fiat Gateway

Blockasset includes a fiat gateway, making it easy for users without prior cryptocurrency knowledge to purchase NFTs. This gateway allows users to buy NFTs using traditional payment methods like PayPal or credit/debit cards.

Avatar Creation and Collection

Users can create their own unique avatars, which serve as digital collectibles. These avatars can be traded on the Blockasset exchange. Users also have a sticker book-style page to display their NFT collections, making it easy to manage and showcase their digital assets.

Governance and Rewards

The platform is governed by its community of sports fans, who have a say in the direction of the project. Users can earn rewards by engaging with the platform, including participating in sports predictions, voting on content, and claiming regular rewards funded by the platform's sports-centric products.

Token Usage

The BLOCK token has various functions within the ecosystem, including governance, NFT discounts, priority access, athlete content governance, staking, and NFT farming. The token is essential for accessing exclusive features and rewards on the platform.

Overall, Blockasset aims to bridge the gap between athletes and fans by providing a comprehensive NFT ecosystem with real-world experiences, unique digital collectibles, and community engagement opportunities.

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Blockasset's strengths

The token Blockasset (BLOCK) has several strengths that contribute to its value and potential in the cryptocurrency market.

One of the key strengths is its utility within the Blockasset ecosystem. The BLOCK token serves various purposes, including staking, governance, discounts, priority access, and NFT farming. This multifaceted nature of the token ensures that it remains integral to the platform's operations and provides users with a range of benefits.

Another significant strength is the platform's focus on athlete-verified NFTs and its ability to connect fans with athletes through exclusive content and real-world utility. This unique approach sets Blockasset apart from other NFT platforms and creates a strong community of users who are invested in the platform's success.

Additionally, the token's use in governance allows holders to participate in decision-making processes, such as submitting and voting on proposals for project improvements and athlete content. This level of community involvement fosters a sense of ownership and encourages users to contribute to the platform's growth.

Furthermore, the token's integration into future Blockasset sport P2E games and its role as the native currency for these games adds another layer of utility and potential for growth.

Overall, the diverse range of utilities and the platform's focus on athlete-verified NFTs make Blockasset a unique and promising project in the cryptocurrency space.

Blockasset's risks

Blockasset (BLOCK), a cryptocurrency project, faces several financial risks that investors should be aware of:

  1. Regulatory Risks: Blockasset operates in a rapidly evolving regulatory environment. Changes in laws and regulations could significantly impact the project's operations and profitability. For instance, the Office of Foreign Assets Control (OFAC) enforces economic sanctions, and non-compliance can result in severe penalties.

  2. Security Risks: As a decentralized finance (DeFi) platform, Blockasset relies on smart contracts and blockchain technology. This exposes it to security risks such as hacks, code vulnerabilities, and oracle manipulation, which can lead to significant financial losses.

  3. Currency Risks: The crypto-asset market is highly volatile, and exposure to the underlying currency risk can be substantial. This volatility can lead to significant losses for investors.

  1. Governance Risks: DeFi platforms like Blockasset are heavily dependent on governance structures. Poor governance can lead to instability, mismanagement, and significant financial risks.

  2. Compliance Risks: Blockasset must ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. Failure to do so can result in legal issues and reputational damage.

  3. Market Risks: The project is exposed to market fluctuations, which can impact its value and liquidity. This includes risks associated with macroeconomic factors, liquidity crises, and changes in investor sentiment.

  1. Operational Risks: Blockasset's operations are vulnerable to technical issues, such as system failures, data breaches, and other operational disruptions that can impact its financial performance.

  2. Reputation Risks: Any negative publicity or reputational damage can lead to a loss of investor confidence, impacting the project's financial performance and long-term viability.

These financial risks highlight the importance of thorough risk assessment and mitigation strategies for investors considering Blockasset as an investment opportunity.

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Did Blockasset raise funds?

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Blockasset’s team

  • Paul Evans: CEO, a businessman with a background in financial services and e-commerce, who turned to blockchain technology and is a fan of Canelo Alvarez.
  • Ryan Wilkinson: Head of Product, an early investor in the crypto space, known for building algorithmic trading bots and developing trading strategies, and a fan of Roger Federer.
  • Mike Dickens: Product Director, with experience in project management and product marketing, who has been involved in crypto ecosystems and De-Fi since 2017, and is a fan of Thierry Henry.
  • Bobby Evans: Business Development Manager, who combines tech and sports, utilizing his global commercial network to introduce athletes and musicians to the blockchain world, and is a fan of Tiger Woods.
  • Christian Boyle: Creative Director, who manages the team of designers creating branding and social content, and is a fan of Conor McGregor.
  • Michael Ellis: Head of Design, a 3D graphic designer with over 20 years of experience, who creates NFT designs for Blockasset, and is a fan of Carl Froch.
  • Ethan Woodrofe: Media Director, responsible for producing, directing, filming, and editing Blockasset media, and is a fan of Khamzat Chimaev.

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