Initial Team Offerings or ITOs are one of the new technologies introduced by XBorg. The objective is to develop a tokenized layer where players can create, fundraise, and buy teams, and in doing so have power of governance over their roadmap and trajectory, and derive monetary value for being supporters of their ecosystem.
What is an Initial Team Offering?
Initial Team Offerings (ITO) refer to the tokenization process of an esports team with a governance and utility token.
When is the first ITO powered by XBorg?
Around Q3 2023.
What are decentralized esports teams?
Decentralized esports teams are funded and operated by fans, just like a DAO for esports.
Will the DAOs be represented by NFTs or Tokens?
The esports DAO are governed by NFTs (Non-fungible tokens).
Please explain the utilities of those NFTs.
It gives governance rights, access to a unique club, and rewards based on the team's performance.
Which chain will be used for the governance NFTs?
Ethereum
How can I buy/sell the NFTs after the ITOs?
The NFTs will be sellable on secondary marketplaces such as Opensea, Blur etc.
