Summary:
- What is The Footballcoin Platform and how does it work?
- Advantages of the Footballcoin exchange.
- Footballcoin’s past, present and future price positions.
The Footballcoin platform
A fantasy football game called FootballCoin makes use of its own cryptocurrency, called XFC coin. FootballCoin's major objective is to create a link between the fantasy football, cryptocurrency, and football fandoms, as well as to provide users of football managers and fantasy sports with the benefits of blockchain technology and cryptocurrencies.
A digital asset called XFC (FootballCoin) serves as in-game money. On the FootballCoin BlockChain platform, a fixed and constrained amount of 1 billion XFC tokens are made available (a Bitcoin type algorithm blockchain). A game economy with no inflation is provided via a fixed and limited number of coin issuances. In the game, XFC can be used to pay the entry fee for competitions, to buy blockchain-based football player and stadium cards, and to trade on exchanges.
For the objective of establishing football player and stadium cards as blockchain assets, XFC utilizes multi chain technology. The blockchain has a flexible mining method. Users from all corners of the globe are the focus of FootballCoin.
The current market capitalisation for this coin is $3,067,116. There is a maximum supply of 1 billion XFC tokens, 374,660,526.03 are currently in circulation.
Advantages of the Footballcoin platform
- Fantasy football platforms like Football coin give the chance to use NFT collectibles, One of the first online games to use blockchain technology, cryptocurrencies, and NFT collectible cards was FootballCoin, a DFS platform. During a contest week, a user who has one of these cards may use it in a variety of ways. They can add the card to their draft, rent it out, or sell it, among other options. Simply said, compared to their competitors, daily fantasy sports offer a more dynamic and competitive atmosphere.
- The Swap Benefit, As a result, the swap advantage will increase the economic participation of current XFC holders. They will have the biggest impact on the market's growth. But - to paraphrase a well-known superhero series - enormous power also comes with great responsibility. They must now behave properly in order to support the expansion of the FootballCoin economy and the game, which we are confident they will do.
- Conversion of the Footballcoins assets, Regardless of rank, the conversion maintains the same ratio for the player cards. For instance, if you already owned one Harry Kane card before the transfer, you would then have three Harry Kane cards, which you could then sell, trade, or use anyway you like. Owners of stadium cards will earn a great sum of XFC in addition to keeping their cards, as follows:
- stadium cards will receive 500,000 XFC if they are rated 5 stars.
- stadium cards with a 4 star rating will get 300,000 XFC.
- 3 star stadium cards will yield 150,000 XFC.
You will receive 500,000 XFC, for instance, and keep your Santiago Bernabeu stadium card after the swap if you are the lucky owner of such card.
Past, present and future prices of The Footballcoin network (XFC)
The price of the Footballcoin (XFC) token hit its first price peak in late June of 2019, reaching a price of $0.011, thereafter the price began to fall consistently throughout the second half of 2019 and the whole of 2020. During the first quarter of 2021 XFC price increased sharply and reached an all time high price of $0.013. The price has since remained elevated but has dropped from its highest price. Since then the price has staggered in both the upward and downward directions, the crypto has seen much volatility, which is a normal trend for the volatile nature of the crypto market.
Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, XFC does fall under this category.
According to some analysts, the future price of The Footballcoin network (XFC) could reach up to $0.036 by 2025 and could see a price of more than $0.24 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions.
XFC Price Chart
Sources: finance.yahoo.com, coinmarketcap.com, footballcoin.io, priceprediction.net
