[DISCUSSION] GOLball <> BitDAO: Bridging 3 Billion Soccer Fans to Web3

[Ralph]

Summary Offer BitDAO <> GOLball

BitDAO Funding Proposal

With an available market of 3 billion digital football fans, GOLball is poised to become the premier Web3 onboarding platform by being the first to identify and certify the goal-scoring ball in football games. By connecting our NFTs to tangible football assets like official merchandise and VIP experiences, we create a unique entry point to Web3, engaging more than 500 million people through our LaLiga Santander partnership, home to the two largest football clubs in the world: Barcelona and Real Madrid. This presents a distinctive opportunity to drive Web3 adoption and address fan access and engagement issues in the sports industry’s most populated market.

To solidify our position in this new market, we are seeking strategic partnerships within the Web3 ecosystem to scale our operations and introduce our products to the most significant football competitions worldwide. By executing partnerships and sponsorships with leading leagues and tournaments, we can expose our product and brand to an audience of over 1 billion fans. This unparalleled visibility allows us to implement a comprehensive monetization strategy that encompasses a unique football product (goal-scoring ball), exclusive rights to produce the product (long-term contracts), a proprietary methodology for identification and certification (GOLball Patent Pending Processes), an integrated physical and digital platform (Phygital Network), and a phygital monetization approach (cross-gamification).

Our operations are underpinned by a robust technical layer, incorporating data analytics, smart contracts, digital collectibles, machine learning automation, and decentralized governance memberships to ensure a seamless and efficient experience for fans and partners alike.

Key Highlights - Since Launch in January 2023

Starting in 2023 LaLiga Santander will give fans the opportunity to own all...

Who we are:

The team at GOLball is composed of seasoned professionals with a strong combination of technical expertise, leadership experience, and financial knowledge. The CEO, Andres Rodriguez, is a serial entrepreneur with extensive corporate affairs experience and leadership positions in industry organizations. The CTO, Federico Giuliani, has experience as a tech manager at Latam Unicorn MercadoLibre and as the former CTO at Latam Unicorn Rappi. The CFO, Peter Gianulis, has over 20 years of experience in managing finances and advising startups in consumer and natural resource industries. The Chief Partnership Officer, Cristina Mora former NBA, FC Barcelona, and Manchester City VP of Marketing has extensive experience in the sports industry and establishing partnerships with major global brands. The COO, Rafael De Guzman former Brightstar Corp. brings strategic and entrepreneurial skills as a C-suite executive and transformation agent.

Rafael (Ralph) Pena, Chief Web3 Officer, is a former executive at Bank of America/Merrill Lynch. He departed the corporate world to offer insightful consulting for private and institutional investors in the DeFi and Web3 landscape. Alongside, Ralph extends strategic advisory services to emerging Web3 start-ups, driving innovation and growth.

Together, the GOLball team’s diverse set of skills and experiences make them well-equipped to establish the company as a leader in the digital collectible industry for football fans.

Important Links:

Come see the rest of our team: Line Up - GOL BALL

What is a GOLball? Gol-Ball - Bitdao Video

Experience what we launched in January 2023: https://golball.com/

Read our Manifesto: https://golball-bitdao.gitbook.io/the-golball-manifesto/

Pitch Deck: https://golball-bitdao.gitbook.io/the-golball-manifesto/pitch-deck

So much more to come!

Proposal Summary:

Vote yes to allocate an initial 12.5 million USDC + 1 Million BIT and an additional 12.5 million USDC upon achieving clear milestones.

1. Initial funding: Receive the first installment of 12.5 million USDC and 1 million $BIT tokens. In return, BitDAO will receive the following:

• Co-branding with GOLball under the name “GOLball Powered by BitDAO,” prominently displayed on the GOLball platform, TV commercials, LED signage in stadiums, social media channels, and across all GOLball products.

• Instead of developing our own Gol-Coin/Gol-Point for the GOLball platform, we will integrate the BIT token as a loyalty and rewards currency. This will enhance the utility of the BIT token while providing a seamless experience for GOLball users.

• GOLball’s commitment to purchasing $BIT tokens equivalent to 1-2% of GOLball’s gross annual revenue, depending on the allocation schedule, with this process occurring monthly. These purchased $BIT tokens will be used as loyalty points and utility tokens for GOLball users, replacing the previously planned “Gol-Coin/Gol-Points.” To increase transparency, GOLball will implement a system to record all revenue transactions (credit card or crypto) on-chain, making the overall revenue data accessible to the BitDAO community.

• Upon funding, BitDAO will be granted the right to nominate a representative to fill 1 of 5 initial seats on GOLball’s Board of Directors. This seat will initially have a 24-month term, which will transition to an indefinite term upon GOLball receiving the final funding installment.

  • This seat ensures that the BitDAO community has a voice in GOLball’s strategic decision-making process, fostering closer collaboration between the two parties and aligning their interests and values. The BitDAO board member will play an active role in shaping GOLball’s direction, business strategy, product roadmap, and partnership opportunities, while ensuring transparency and accountability in the use of funds and the achievement of milestones. Ultimately, this representation will strengthen the partnership between GOLball and the BitDAO ecosystem, benefiting both organizations.

2. Second funding installment: The remaining 12.5 million USDC will be distributed according to the achievement of the milestones below:

• 40% (5 million USDC) upon achieving 100,000 new unique wallet addresses within 12 months, as a result of migrating to the Mantle blockchain.

• 25% (3.125 million USDC) upon maintaining a minimum of 50,000 daily active wallet addresses and 100,000 monthly active wallet addresses within 18 months, facilitated through the Mantle blockchain.

• 15% (1.875 million USDC) upon reaching 500,000 on-chain transactions through the GOLball platform within 18 months, utilizing smart contracts deployed on the Mantle blockchain.

• 10% (1.25 million USDC) maintain a TVL of at least $5 million within 18 months, utilizing smart contracts deployed on the Mantle blockchain.

• 10% (1.25 million USDC) upon implementing at least three new sinks for the BIT token, creating a monthly demand of $500,000 within 20 months, enabled by smart contracts deployed on the Mantle blockchain. These may include, but are not limited to:

  I. Exclusive access to special events or experiences: Spend BIT tokens to participate in unique football-related experiences, such as virtual meet-and-greets with players, behind-the-scenes stadium tours, or exclusive content.

  II. Purchase of limited-edition NFTs or merchandise: Use BIT tokens to acquire rare soccer memorabilia, special edition NFTs, or other collectibles available exclusively on the GOLball platform.

  III. Staking for platform rewards: Users can stake BIT tokens to earn rewards or access exclusive perks within the GOLball ecosystem, such as discounts on merchandise, unique NFT drops, or priority access to new features and events.

  IV. Auctions and bidding: Users can spend BIT tokens to participate in auctions for rare or valuable soccer-related items, such as match-worn jerseys, signed memorabilia, or limited-edition collectibles.

  V. Virtual Reality (VR) experiences: BIT tokens can be used to access or purchase premium VR experiences, enabling users to immerse themselves in virtual stadium tours, live matches, or player training sessions.

  VI. Customization and personalization: Users can spend BIT tokens to customize their GOLball platform experience, such as changing their user interface, adding unique avatars, or unlocking exclusive themes.

To address the concern regarding transparency in the number of unique wallet addresses added to BIT token / Mantle through this endeavor, the number of daily and monthly active wallet addresses, and the number of on-chain transactions, we propose the following steps and developments:

1. Public Dashboard: Develop and maintain a public dashboard displaying real-time statistics related to unique wallet addresses, daily and monthly active wallet addresses, and on-chain transactions. This dashboard would be easily accessible to the BitDAO community and other stakeholders, ensuring complete transparency in monitoring the progress of our project.

2. Regular Reporting: Provide regular progress reports, including a detailed breakdown of the metrics mentioned above, to the BitDAO community through blog posts, newsletters, or other communication channels. These reports would be shared on a monthly or quarterly basis to keep the community informed about the latest developments and milestones achieved.

3. Smart Contract Transparency: Utilize open-source smart contracts for all interactions between the GOLball platform and the Mantle blockchain. This would enable community members and developers to review and audit the code, ensuring that the on-chain transactions are verifiable and transparent.

4. Independent Audits: Conduct periodic third-party audits of the GOLball platform’s smart contracts and on-chain data to ensure the accuracy and transparency of the metrics being reported. Audits could be performed by reputable blockchain security firms, and the results would be shared with the BitDAO community.

5. Community Engagement: Actively engage with the BitDAO community through various channels, such as social media, forums, and community calls, to address concerns, provide updates, and gather feedback. This open communication will help build trust and ensure that the community remains informed about our progress and the transparency of our project.

By implementing these steps and developments, we aim to maintain a high level of transparency for all key metrics related to the GOLball platform’s integration with the BIT token and the Mantle blockchain. This will allow the BitDAO community to have a clear understanding of our project’s progress and make informed decisions about ongoing support and involvement.

Follow Us:

IG: Gol Ball (@golball) • Instagram photos and videos
Twitter: https://twitter.com/golball_?lang=en
TikTok: https://www.tiktok.com/@golball_

Authors: Andres Rodriguez (CEO), Rafael Pena (C3O), Carlos SanMiguel (CMO), Jose Bencomo (Web3 Lawyer), Juan Garcia (Investor Relations), Peter Gianulis (CFO), Rafael De Guzman (COO)

Temperature Check

• Yes
• No
• Needs Work

[NguyenTheHung]

this is not what bitdao is aiming for. I disagree

[Ralph]

We appreciate your input and would like to provide additional context to address your concerns. Our smart contracts, which include over 200 smart contracts representing goal-scoring balls, experiences, and other memorabilia (as a new smart contract is required for each phygital asset), would significantly contribute to BitDAO’s ecosystem if moved to Mantle. With more than 22,000 user wallets currently in use and a growth rate of 7-10% per day, our platform is gaining traction among the second-largest soccer league in the world, which boasts 400+ million fans. All new and existing users would need to migrate to Mantle.

As part of our commitment to supporting BitDAO, a portion of our gross revenue will be used to purchase $BIT tokens from the open market, effectively adding liquidity to the $BIT token.

Our phygital product bridges the digital and physical realms, necessitating ongoing enhancements to protocols that connect these two worlds. User growth is driven by GOLball and its users adopting the $BIT token via our platform. In just under three months, we have gained 22,000 users who would migrate to Mantle, and this growth will directly benefit the BitDAO ecosystem.

In addition, by conjoining BitDAO with the GOLball brand, BitDAO would have immediate visibility on the soccer field, tv commercials, social media/influencer channels, our product, and so much more. This would take BitDAO brand awareness mainstream.

We believe this approach aligns with BitDAO’s recently passed proposal to prioritize product and user growth. We hope this information clarifies our value proposition and commitment to BitDAO’s success. If you have any further questions or concerns, please don’t hesitate to ask for more details.

[Igneus]

It will be helpful if the objectives and deliverables are, instead of what seem akin to a to-do list, measurable on-chain web3 metrics whose ROIs can be tangibly calculated (NOT amorphous or off-chain web2/pre-internet data points such as the amount of exposure/awareness/goodwill) — e.g. number of unique wallet addresses added to BIT token / Mantle through this endeavor, number of daily and monthly active said wallet addresses, number of on-chain transactions, total value locked (TVL), new sinks for BIT token that can create a monthly demand of $xx.

And the proposal will have a higher chance to receive support when it stipulates that a tranche of funds will only be allocated when, say, 100,000 daily active wallet addresses interact 150,000 times with the smart contracts deployed by GOLball on Mantle, and that the TVL does not dip below $3m, et cetera, et cetera.

[Ralph]

Thank you, Igneus, for your valuable feedback. We understand the importance of measurable on-chain metrics and their role in determining the ROI. We are open to refining our proposal to include quantifiable web3 metrics, which will demonstrate our commitment to driving tangible value for BitDAO and its ecosystem.

To address your suggestions, we propose the following revised milestones, deliverables, and fund allocation based on measurable on-chain metrics:

1. Initial funding: Receive the first installment of 12.5 million USDC and 1 million $BIT tokens. In return, BitDAO will receive the following:

• Co-branding with GOLball under the name “GOLball Powered by BitDAO,” prominently displayed on the GOLball platform, TV commercials, LED signage in stadiums, social media channels, and across all GOLball products.

• GOLball’s commitment to purchasing $BIT tokens equivalent to 1-2% of GOLball’s gross annual revenue, depending on the allocation schedule, with this process occurring monthly. These purchased $BIT tokens will be used as loyalty points and utility tokens for GOLball users, replacing the previously planned “Gol-Coin/Gol-Points.” To increase transparency, GOLball will implement a system to record all revenue transactions (credit card or crypto) on-chain, making the overall revenue data accessible to the BitDAO community.

2. Second funding installment: The remaining 12.5 million USDC will be distributed according to the achievement of the milestones below:

• 40% (5 million USDC) upon achieving 100,000 new unique wallet addresses within 12 months, as a result of migrating to the Mantle blockchain.

• 25% (3.125 million USDC) upon maintaining a minimum of 50,000 daily active wallet addresses and 100,000 monthly active wallet addresses within 18 months, facilitated through the Mantle blockchain.

• 15% (1.875 million USDC) upon reaching 500,000 on-chain transactions through the GOLball platform within 18 months, utilizing smart contracts deployed on the Mantle blockchain.

• 10% (1.25 million USDC) maintain a TVL of at least $5 million within 18 months, utilizing smart contracts deployed on the Mantle blockchain.

• 10% (1.25 million USDC) upon implementing at least three new sinks for the BIT token, creating a monthly demand of $500,000 within 20 months, enabled by smart contracts deployed on the Mantle blockchain. These may include, but are not limited to:

  I. Exclusive access to special events or experiences: Spend BIT tokens to participate in unique football-related experiences, such as virtual meet-and-greets with players, behind-the-scenes stadium tours, or exclusive content.

  II. Purchase of limited-edition NFTs or merchandise: Use BIT tokens to acquire rare soccer memorabilia, special edition NFTs, or other collectibles available exclusively on the GOLball platform.

  III. Staking for platform rewards: Users can stake BIT tokens to earn rewards or access exclusive perks within the GOLball ecosystem, such as discounts on merchandise, unique NFT drops, or priority access to new features and events.

  IV. Auctions and bidding: Users can spend BIT tokens to participate in auctions for rare or valuable soccer-related items, such as match-worn jerseys, signed memorabilia, or limited-edition collectibles.

  V. Virtual Reality (VR) experiences: BIT tokens can be used to access or purchase premium VR experiences, enabling users to immerse themselves in virtual stadium tours, live matches, or player training sessions.

  VI. Customization and personalization: Users can spend BIT tokens to customize their GOLball platform experience, such as changing their user interface, adding unique avatars, or unlocking exclusive themes.

To address the concern regarding transparency in the number of unique wallet addresses added to BIT token / Mantle through this endeavor, the number of daily and monthly active wallet addresses, and the number of on-chain transactions, we propose the following steps and developments:

1. Public Dashboard: Develop and maintain a public dashboard displaying real-time statistics related to unique wallet addresses, daily and monthly active wallet addresses, and on-chain transactions. This dashboard would be easily accessible to the BitDAO community and other stakeholders, ensuring complete transparency in monitoring the progress of our project.

2. Regular Reporting: Provide regular progress reports, including a detailed breakdown of the metrics mentioned above, to the BitDAO community through blog posts, newsletters, or other communication channels. These reports would be shared on a monthly or quarterly basis to keep the community informed about the latest developments and milestones achieved.

3. Smart Contract Transparency: Utilize open-source smart contracts for all interactions between the GOLball platform and the Mantle blockchain. This would enable community members and developers to review and audit the code, ensuring that the on-chain transactions are verifiable and transparent.

4. Independent Audits: Conduct periodic third-party audits of the GOLball platform’s smart contracts and on-chain data to ensure the accuracy and transparency of the metrics being reported. Audits could be performed by reputable blockchain security firms, and the results would be shared with the BitDAO community.

5. Community Engagement: Actively engage with the BitDAO community through various channels, such as social media, forums, and community calls, to address concerns, provide updates, and gather feedback. This open communication will help build trust and ensure that the community remains informed about our progress and the transparency of our project.

By implementing these steps and developments, we aim to maintain a high level of transparency for all key metrics related to the GOLball platform’s integration with the BIT token and the Mantle blockchain. This will allow the BitDAO community to have a clear understanding of our project’s progress and make informed decisions about ongoing support and involvement.

We hope these revisions make our proposal more compelling and transparent. Please let us know if you have any further suggestions or require additional information.

[Werton1]

I would say Yes. Sport, in general, football in particular, have such a great amount of non-crypto people and this is a great way to get more people into crypto!

[Ralph]

Thank you, Werton, for your support and positive feedback. We completely agree with you that sports, especially football, have a massive audience of individuals who have not yet entered the crypto/nft space. Our primary goal with the GOLball platform is to bridge the gap between traditional sports fans and the world of web3.

By leveraging the popularity of football and introducing a user-friendly platform, we aim to engage non-crypto users and help them explore the benefits and opportunities of Web3 and blockchain technology. Integrating the BIT token as a loyalty and rewards currency will not only enhance its utility but also provide an accessible entry point for new users to become acquainted with web3.

We believe that our partnership with BitDAO and the use of their Mantle blockchain can greatly contribute to the growth and adoption of the crypto ecosystem, driving value for both the BitDAO community and GOLball users.

Once again, thank you for your support, and we look forward to working together to bring the exciting world of web3 to a wider audience.

[Haroldparraga]

Hi,
It’s innovative and I like soccer, and you can see how it has grown. Seeing that they appear in the most important matches in the world gives me incredible support, the idea fascinates me.

[garcesvillareal]

I really don’t know how someone didn’t come up with the idea of selling the balls used to score goals, it’s incredible. I love it!

[pejoraza]

Hey everyone! I wanted to show my support for the BitDAO Funding Proposal for GOLball. This is an exciting opportunity to bring Web3 to the football world, with a huge market of 3 billion fans. Let’s support GOLball and make it the premier Web3 onboarding platform!

[Ralph]

Dear BitDAO community,

We are excited to share an update on our proposal for collaboration with GOLball. In our ongoing commitment to openness, collaboration, and alignment with the BitDAO community, we have incorporated valuable feedback and suggestions into our proposal.

As part of the proposal, upon funding, BitDAO will be granted the right to nominate a representative to fill 1 of 5 initial seats on GOLball’s Board of Directors. This seat will initially have a 24-month term, which will transition to an indefinite term upon GOLball receiving the final funding installment.

This board representation ensures that the BitDAO community has a voice in GOLball’s strategic decision-making process, fostering closer collaboration and alignment between our organizations. The BitDAO board member will play an active role in shaping GOLball’s direction, business strategy, product roadmap, and partnership opportunities, while ensuring transparency and accountability in the use of funds and the achievement of milestones. Ultimately, this representation will strengthen the partnership between GOLball and the BitDAO ecosystem, benefiting both organizations.

We welcome any further suggestions or feedback from the BitDAO community on how we can improve our proposal to better serve the interests of both parties. Together, we can create a strong and fruitful partnership that drives growth and value in the BitDAO ecosystem.

Best regards,

GOLball Team

[NguyenTheHung]

You asked up to 30 million dollars just to create something that is not profitable for bitdao, if you ask for 30 million dollars, can you make 100 million dollars or not, here only access to profits.

[Ralph]

Nguyen, thank you for sharing your concerns.

We’d like to clarify that our proposal is for a combined total of 25 million USDC and 1 million BitDAO tokens, not 30 million dollars.

In line with BitDAO’s new strategy and focus under BIP-20, which emphasizes product and user growth rather than treasury growth, we have designed our proposal to provide significant value and benefits to the BitDAO ecosystem. These include:

• Developing several new use cases for the BIT token within the GOLball platform.
• Creating a pool of BIT tokens for loyalty and utility for GOLball users, helping to distribute BIT to new active wallets (currently over 25,000 GOLball user wallets, with an estimated 100,000 in less than 12 months).
• Committing 1-2% of our annual gross revenues to buy BIT from the open market to refill the loyalty and utility token pool for GOLball users (please see pitch deck for revenue projections).
• Building our smart contracts on Mantle, leveraging their technology for over 200+ smart contracts to date.
• Adding the BitDAO logo to the GOLball brand as “GOLball powered by BitDAO”, providing visibility to BitDAO across the soccer world (3 billion fans) in every league we participate in (please refer to our pitch deck).
• Offering a seat on our board of directors to ensure BitDAO’s interests are represented in GOLball’s strategic decision-making process.

We believe these benefits, combined with our already functioning platform and upcoming feature releases, will drive substantial value for the BitDAO ecosystem and its stakeholders.

We appreciate your feedback and remain open to suggestions for further improvements to our proposal.

[NAKAMATOO]

Interesting idea. would like to dig in more then comment later

[Ralph]

Looking forward to your feedback and/or suggestions.

[chuquangdiem]

I don’t agree with that. With such a big vision, I’m afraid it’s not feasible for your team.

[Ralph]

chuquangdiem, thank you for sharing your concern. We understand that our vision may seem ambitious, but we are proud to say that our 100+ person team is already turning it into a reality. We currently have over 50,000 users and wallets spanning across 140+ countries, most of which are experiencing Web3 for their first time with GOLball. We’ve achieved this remarkable “hockey stick” growth within just 4 months and with only one major soccer league on our platform. Furthermore, we have several more league partnerships in the pipeline, which will contribute to even greater expansion.

We appreciate your skepticism and welcome any suggestions or feedback that can help us further refine our proposal to ensure success for both GOLball and the BitDAO/Mantle ecosystem.

[fbbarqawi]

@Ralph

We appreciate your input and would like to provide additional context to address your concerns. Our smart contracts, which include over 200 smart contracts representing goal-scoring balls, experiences, and other memorabilia (as a new smart contract is required for each phygital asset), would significantly contribute to BitDAO’s ecosystem if moved to Mantle. With more than 22,000 user wallets currently in use and a growth rate of 7-10% per day, our platform is gaining traction among the second-largest soccer league in the world, which boasts 400+ million fans. All new and existing users would need to migrate to Mantle.

As part of our commitment to supporting BitDAO, a portion of our gross revenue will be used to purchase $BIT tokens from the open market, effectively adding liquidity to the $BIT token.

Our phygital product bridges the digital and physical realms, necessitating ongoing enhancements to protocols that connect these two worlds. User growth is driven by GOLball and its users adopting the $BIT token via our platform. In just under three months, we have gained 22,000 users who would migrate to Mantle, and this growth will directly benefit the BitDAO ecosystem.

In addition, by conjoining BitDAO with the GOLball brand, BitDAO would have immediate visibility on the soccer field, tv commercials, social media/influencer channels, our product, and so much more. This would take BitDAO brand awareness mainstream.

great … good luck
The beautiful thing is that the project comes at a time when the best is well known and what the market and prospective customers need
thank you

[Ralph]

fbbarqawi - Thank you so much for your encouraging words and positive feedback on our proposal. It’s heartening to see that you recognize the value we aim to bring to the BitDAO/Mantle ecosystem and the potential impact of our project in the soccer and Web3 market.

We share your enthusiasm and belief that this project comes at a critical time. We’re confident that our platform, which bridges the physical and digital worlds, has the potential to revolutionize how fans engage with soccer and experience the sport.

Our Performance Highlights have also grown since the quoted response, as we are currently experiencing hockey stick growth on our platform, please see below:

[Juanobre]

It actually is a good way to bring new people to our world and increase our community, I support the idea and it would be nice to allow GOLball community in our society, soccer is a great market for us, we should go ahead with them.