The startup develops a local token currency for sports teams, enabling transactions at stadiums and local businesses through blockchain technology. By providing consulting services for profit outsourcing and technical support, the company enhances financial engagement between teams, players, and their communities.
Funding
$260K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Sports teams and local businesses often struggle to create direct financial engagement with fans and community members, leading to missed revenue opportunities and weakened local economic ties. Traditional financial systems lack the tools to foster unique, localized economies around sports and related activities.
Solution
Canow provides blockchain-based solutions that enable sports teams to create and manage their own local token currencies. These tokens facilitate transactions within stadiums and at affiliated local businesses, fostering a closed-loop economy centered around the team and its community. By using blockchain technology, Canow aims to enhance financial interactions between teams, players, and fans, creating new revenue streams and strengthening community bonds. The platform offers the infrastructure for teams to implement digital currencies, manage transactions, and incentivize local spending, ultimately driving economic growth within the team's ecosystem.
Target Audience
The primary target audience includes professional and amateur sports teams, stadium operators, and local businesses seeking to enhance fan engagement and create localized economic ecosystems.
Features
- Blockchain-based platform for creating and managing local token currencies
- Tools for facilitating token transactions within stadiums and at affiliated businesses
- Decentralized Identity (DID) and Decentralized Data Bank to securely manage personal information and turn it into rewards for individuals
- Digital marketing support using tokens