FCFL Now Rated By CryptoRated

The Fan Controlled Football League (FCFL) is a video game brought to life. Using our app, fans from across the globe can livestream our games and vote on play calls in real time.

See the full ratings here: https://cryptorated.com/ico-rating/fan-controlled-football-league/

Rating Insights
The Fan-Controlled Football League (FCFL) is a sports league that allows fans to engage with their team directly in a number of ways, including the ability to draft players, hire/fire coaches, and call plays in real time — all using FAN tokens. Fans can earn FAN tokens by watching games, calling plays, and other platform activities, and fans of the winning team receive a portion of the championship prize pool.

Product
A pilot test launched in February 2017, wherein a fan-controlled sports team, the Salt Lake Screaming Eagles, demonstrated the proof-of-concept for the FCFL. An interesting concept, with the potential to target a large user base and with little to no competition.

Use of Blockchain
FAN is an ERC20 compliant token used for all activity in the league (the more FAN tokens a fan owns, the more control that fan has over their favorite team). Token holders will possess voting rights on various decisions, including play drafts and free agent signings as well as in-game, real-time play calls. The platform allows participants to engage more directly with the sport in a way that is yet to be seen, made possible due to the utilization of blockchain technology. However, increasing engagement and providing voting rights is not a particularly innovative idea in the realm of blockchain-related projects.

Whitepaper
The whitepaper is hosted on https://view.attach.io/rJnBiarpb, where it can be read but not downloaded. A lot of information regarding the FAN token sale is absent from the whitepaper and the FCFL website. Overall, the whitepaper lacks technological details of the platform and is mainly presented in a logistical sense. However, the document is easily readable and does not attempt to obscure information with the overuse of jargon.

Roadmap
The FCFL roadmap spans from Q4 2015 to Q4 2018. Most of the milestones reached thus far have primarily been related to the development of the platform’s proof-of-concept. The inaugural FCFL season begins in Q2 2018. Beyond 2018, FCFL plans to expand the platform with more teams, as well as additional sports such as baseball and cricket. The GitHub page shows minimal activity and the roadmap does not contain many technological milestones, such as the launch of the finalized version of the mobile application.

Compliance
The FCFL whitepaper only contains a single disclaimer paragraph, stating that FCFL does not hold responsibility for damages of any kind. There is no discussion of compliance stating explicitly whether the token has the properties of a security, but the token is labeled as a utility token in the whitepaper.

Company and Team
According to LinkedIn, LA-based FANchise was founded in 2015, however, information about the Fanchise Project (from which this project stems) can be found from earlier, including a New York Times article from 2008, as well as an Indiegogo funding project from June 2016. The sizable team of 15–20 individuals is presented with quite lengthy descriptions of the team members’ skills and professional experience, and social media profiles can be found through the FCFL website. The team has a fair balance between individuals with expertise in business and technology, and includes team members that have been involved with football, and also with developing smart contracts on the Ethereum blockchain.

Token Sale
The total number of FAN tokens is unspecified, however 50% will be available for sale, 20% will be for FCFL team, 15% for marketing, and 15% for partnerships. The allocation of funds is described in brief detail. The soft and hard cap is unspecified. It is stated that 1 ETH = 7500 FAN, and the public token sale date is unspecified.

See the full ratings here: https://cryptorated.com/ico-rating/fan-controlled-football-league/