Litepaper Introduction NYXS is primarily focused on bringing blockchain technology to sports. Our project is developing a platform that integrates sports and blockchain, allowing athletes to build a direct relationship with fans. Potential athletes gain exposure and support from a nurturing community. Central to the project is the NYXS Governance Token. Holders have a right to participate in pivotal community decisions by voting and can support the athletes by exchanging their NYXS tokens for stars (mission tokens). Challenge Financial difficulties due to the pandemic Centralization in Sports Environmental challenges Cultural changes in Generation Z Solutions Bringing the blockchain and crypto into Sports Decentralization Community Support Fandom Quick market figures Details on the Token Governance Token NYXS is a "Governance Token". Holders have a right to participate in major community decisions through votes and can support athletes by exchanging their NYXS tokens for stars (or Mission Tokens). Utility Token The Star serves as a utility token for rewarding athletes. The more stars an athlete receives, the more help he/she gets. Although stars are not tradable at the moment, we will gradually introduce more utilities to the token to give it more value. Software Details We plan to launch our app on Android first. All Android phone users who support Google services can download our app from the Google Playstore. To keep your app working properly, make sure you have the newest Android system and keep your Google App Store up to date. Please join our Discord and Telegram communities if you have more questions. FAQ What is NYXS? We leverage blockchain technology to create a more direct relationship between athletes and fans. NYXS closes the gap between the two groups, opening a portal for fans to become involved with the development of young talents. We are a community that gives rookie athletes the necessary support to achieve their sporting ambitions. What is the NYXS token? NYXS is a "Governance Token". Holders have a right to participate in major community decisions through consensus and can support the athletes by exchanging their NYXS tokens for stars (or Mission Tokens). In addition, NYXS also serves as a 'Star' token which is useful for contributing to the welfare of young athletes' careers. It is non-tradable at the moment. However, that might change sooner or later. What is the vision of NYXS? Everyone has "The Right to Dream''. NYXS SUPPORTS AMBITIONS. We connect fans all over the world with their favorite sports athletes, to help them grow as a community. What kind of sports and athletes does NYXS have? As long as it's a sport, we will cover it! We have many of the world's most popular sports and most talented athletes. We also want to popularize less-known sports, create profitable opportunities for athletes, and increase the exposure of these sports worldwide. Who are the ecosystem players in NYXS? Who can use our NYXS/What is the target market of NYXS? Countries and regions with active crypto landscape and communities all over the world. Young sports fans all over the world. Do I need a wallet to swap in NYXS? Firstly, you will have to purchase our coins on various exchanges globally. We will also have our coins on major local exchanges for ease of purchase in each of your countries. After this purchase, you can send the coins to the wallet on our mobile application. What will happen to my account if I lose my digital wallet? Protect your account and record your password in a safe place. Please note that our community team will not ask you for any information about anything in your account. If there is a problem with the wallet, don't hesitate to get in touch with customer service for the wallet. Thank you. Where can I download NYXS? We will launch our app on Google Playstore for Android phones and will also be available on the App Store in a later version. Please stay tuned for updates on our development progress. Tokenomis Tokenomics What is the Fan Community platform in NYXS? (What is Platform/what is a fan community) Fans can select and support athletes from any country and sports category of their choice. They can help fund the development of such young athletes' careers. What are the things athletes can provide? Exclusive content for supporters: Appreciation videos for fans' support Autographed photos for supporters Meet fans on live video/call Special updates and sneak peeks Planned events like a raffle draw with signed prizes and hangouts. What is “Support”? Basic support Fans can make a direct contribution to their favorite athletes by acquiring "stars". Fans can redeem stars for NYXS governance tokens. Athletes are entitled to 30% of the stars collected, which they can cash out to take care of their sport development needs. Mission Support The remaining 70% of the Stars will be divided into various missions the athlete has to accomplish. Upon completion of each mission, the athletes will have earned the right to utilize the allocated percentage of the Stars. These Stars received after achieving missions also go towards furthering athletes' developmental needs. What is a “Mission”? Mission lists New missions are distributed to our athletes every year/season. We reward athletes for completing the missions with stars. Duration Individual missions vary considerably and can range from a couple of weeks to several months or yearly, etc. Due date Every mission has a due date. If an athlete fails to complete a mission before the due date, the funds are forfeited to a reserved pool for community development. What are “Rewards”? Our "Rewards'' are focused on benefiting and adding value to athletes and supporters. We incentivize fan support through a reward system powered by the NYXS token. Once athletes complete their missions, stars commensurate with their Fan Rank and Experience Points will be given to them as "Rewards." How does the NYXS Community support the athletes? We connect talents with the fandom community. Our global visibility will ensure that the average fan in the sports community becomes an ardent supporter of the many talented individuals who have stories to share and dreams to achieve. The goal is to lower the entry barriers for a future global revenue-sharing model that will decentralize and equalize early funding in sports. Web content What is NYXS? NYXS is a project that brings Web3 into sports. We are introducing a secure, efficient platform for fans to support athletes. Within the community, fans win the right to support their favorite athletes by holding governance and utility tokens. Existing as a mobile application, the blockchain platform will provide a strong community where athletes and fans can establish immediate connections. Young and talented athletes can find financial support and fan groups through the NYXS platform. Crypto users interested in sports can also find a stable investment platform to support their favorite athletes. Vision 1)The motivation to initiate this project? NYXS will provide practical aid for all ambitious athletes and help them get better funding for skill development. The Plight of Athletes in Developing Countries Athletes in developed countries have some significant advantages over those in lessprivileged parts of the world. This support ranges from training facilities, athletes' diets, experienced coaches, and other professional trainers. Take para-sports for example, more expensive training equipment is often needed to train para-athletes. An analysis of MEDALS from the Athens Paralympics shows that the stronger a country's economy, the more likely it is to provide better services and opportunities for its Paralympians. We intend to create equal opportunities for all athletes by developing a global community where they can find support to further their dream careers. The Condition of Fandom Aside from watching the game and buying products related to the player, it's hard for fans to get a chance to participate in other sports-related activities. The initiative of athlete management is usually in the hands of the club, but the fans are often closely related to the growth of the athlete and want to know more about their character and story. These fans need a safe and effective channel to support their favorite athletes, financially or otherwise. Note: NYXS is currently in the pre-launch phase, so the content in the whitepaper is subject to change as the application development progresses. Please follow our socials for more detailed information. Tokens Governance Token: NYXS Utility Token: STARS Challenges and Solutions Challenges Financial difficulties +COVID-19 The global value of the sports industry is estimated at US$756 billion annually. However, the restrictions due to the COVID-19 pandemic caused some downtime in sports such as decreases in sales and employment issues in related industries. Centralization in Sports Wrong decisions by a few people make a negative impact on the sports world! It is difficult to reflect the voices of supporters in any project or situation as the team dictates all managerial decisions. But things can change. Fans' opinions should be heard and delivered directly to the club and players. Environment & Conditions The influence of the environment on young athletes' growth and performance simply cannot be ignored. Different countries and regions have legal foundations, policies, and financial conditions that have adverse effects on athletes' education and performance. It is hard to imagine athletes getting quality training/coaching in such environments. Cultural Influences of Generation Z Generation Z, the so-called digital generation, has a different social perception compared to those coming before it, especially in terms of the high demand for "the Second Screen use.” That's why traditional marketing targeting all generations loses its edge over today's Generation Z. Solutions Blockchain and Crypto Use in Sports Blockchain has a growing use in the fields of finance, security, distribution, copyright, and contracts due to its speed, simplicity, convenience, and privacy. By connecting athletes and the fan community through blockchain technology, the public can invest in a future-oriented, talent-generation model that makes it easy for people to select and invest in young, promising, and famous players. Decentralization Our token gives fans the right to get more involved with major sports decisions. Fans can use these tokens for membership experiences, plus access to exclusive content, and merchandise. In a nutshell, tokens create new ways for fans to engage with athletes. Through these various experiences, token holders will have ownership, high loyalty, and awareness of the sustainability of this business. Community Support For talents in discouraging environments, they can find support from investors in our platform. These supporters/investors place stakes in the future of young talents and stand to benefit from their success. Investors can offer athletes long-term support with their professional careers or short-term solutions like help with a debut in a renowned sporting game. Fandom Generation Z is the next leader of the future sports business. Since they spend more time on mobile phones/tablets than any other generation, they can participate in sports through various fan-token events like guessing MVP, Score, and the 1st place. Tokens encourage them to virtually participate in fan engagement. The player token acts like a fan membership, so fans benefit from holding it. Kick-Off To get started with the NYXS platform, supporters need to follow these steps: 1. Download the NYXS app from the Google Play Store or App Store. You can find the download link here. 2. Register: Sign up for NYXS with your email address and password. You will receive a link in your email box. Click the confirmation link to join our platform. All set! You can search for the athlete you want to support now. 3. How to get NYXS tokens: Fans have to buy NYXS tokens from a supported exchange service. Next, they have to transfer the tokens from the exchange to our in-app wallet. 4. How to create your in-app Wallet: Our app will provide an in-built, custodial wallet as you have on popular crypto exchanges. Fans' wallet information including the private key and the public key will be saved into our database on a backend server. 5. How to swap NYXS with STARS: Users will be able to swap NYXS to stars directly on our mobile application with the in-app wallet. 6. How to support athletes: Users can invest their star assets redeemed via the app into their favorite athletes' Mission. Thirty percent of Star assets will be directly transferred to athletes' accounts, and the remaining 70 percent is randomly allocated to various missions. Welcome to NYXS nation! • Every week you can meet our athletes • Check up on the narratives and Mission. Mission What is a Mission? Missions are annual objectives given to athletes. Mission lists New missions are distributed to our artists every year/season. We reward athletes for completing the missions with stars. Duration Individual missions vary considerably and can range from a couple of weeks to several months or yearly, etc. Due date Every mission has a due date. If an athlete fails to complete a mission before the due date, the funds are forfeited to a reserved pool for community development. Mission Components Athletes Thirty percent of the support from the community goes directly to the athlete's account, which the athlete can use to buy items in the store. If the player wants to take the remaining seventy percent of the star contribution, they need to complete their missions. These missions are formulated by the Professional Player Management team from NYXS. If they fail a mission, the star contributions will not be sent to them but transferred to a private pool. Supporters Fans can make a direct 30% star donation to their favorite athletes, which is taken out from the total amount of tokens swapped for NYXS tokens. The remaining 70% will be freely distributed among all missions by supporters. Supporters can choose to put all their star donations into one mission or spread them across many missions. Mission Protocol Key Mission The key mission will be shown at the top of the mission list. It is a player's ultimate goal for each season. Sometimes the nature of the key mission will be decided at the end of the season. It is a player's toughest mission. Sub Mission Sub Missions are a collage of different types of missions with separate distinct mechanics. Here are some examples: critical waypoints needed to achieve Key missions, short-term goals for individual athletes, tasks or challenges created through fan voting, etc. Items All items are reward power-ups. Supporters can use them to boost rewards gained for donating stars to players. For instance, a player can multiply stars earned from a completed mission by applying items. Items have varying effects and a wide price range. The more star tokens you pay for an item, the more rewards you will get for buying tokens and completing missions. Rewards Players and supporters are both rewarded with stars. Players receive a 100% mission bonus star whenever they complete a key mission. If they fail, they earn fewer mission bonus stars (the exact percentage is yet to be determined). For supporters, three factors control compensation. Supporters get: Full rewards when an associated athlete completes a key mission No rewards for failed key missions Additional bonuses for completed sub missions P.S: Supporters can boost rewards by equipping items Dream Supports The right to dream. NYXS takes joy in seeing athletes' dreams come true, that's why we connect them with investors that believe in their potential. Donation System In our Basic Support program, investors can directly contribute to athletes' funds. The dedicated player gets 30% of the total donation. Teaser Vision WE SUPPORT AMBITIONS We are connecting fans all over the world Everyone has “the right to dream” Fans can get directly involved in the future of their favorite sports athletes and teams via our community Introduction: What is NYXS? We ingeniously apply blockchain technology to sports to help young athletes find support and provide a platform for them to expand their fan engagement. What is NYXS Governance Token? NYXS is an “NYXS Governance Token”. The Token holders have a right to participate in major community decisions through votes and can support the athletes by exchanging them for stars What is Platform - Fan Community Fans can select and support athletes from different countries and sports categories. They can also participate in various matters concerning athletes and sports teams. What is our target market? – Generation Z Fans Countries and regions with active crypto environments around the world and young sports fans (Generation Z). Target Market Crypto-friendly countries with high revenue in sports. Decentralization Rights: Fans can support their favorite athletes. Belonging: Token holders will have ownership, engagement, and loyalty. Community: Our platform will create a new kind of fandom. Community Support Future fans: We connect talents with supporters Discovery: Our platform will improve athletes' visibility and make it easy for investors to find promising athletes. Benefits: Lowering the barriers leads to a better revenue-sharing model. Fandom Generation Z: We create a new fandom with Generation Z, the leader of the future sports business. Membership: Participants enjoy several incentives for interacting with our platform. Engagement An opportunity to engage in major sports decisions affecting your favorite athlete. Mission lists New missions are distributed to our artists every year/season. We reward athletes for completing the missions with stars. However, if athletes fail missions, the funds are forfeited to a private pool dedicated to community development. Such events rally our audiences and improve the awareness of our community. Opportunity “We make stars” Fans can support athletes performing at different levels: Junior athletes, college athletes, and rising stars. The challenge mission algorithm set up for releasing rewards is a potential win-win system for fans and athletes. In particular, through investment in these young promising players, the profits of young players can have a great influence on their future potential. NYXS COVERS EVERYONE! Generally, disabled and women's sports are less popular and have smaller fan groups. NYXS is the 'bridge' between fans and athletes in the community, exposing these athletes to the world, popularizing less-known sports, creating monetization opportunities for athletes, and establishing a supportive fandom for these sports worldwide. Tokenomics Governance Token NYXS is a "Governance Token". Holders have a right to participate in major community decisions by voting and can support the athletes by exchanging their NYXS tokens for stars (or Mission Tokens). Utility Token The Star serves as a utility token for giving athletes support. The more stars an athlete receives, the more help he/she gets. Although stars are not tradable at the moment, we will gradually introduce more utilities to the token to give it more value. Support Basic Support Whenever a Fan buys new NYXS tokens, they can decide to use them to donate by swapping them for Stars. In that process, 30% of the star tokens go to their favorite athletes. Mission Support The remaining 70% left has to be earned by the athletes through select missions. Rewards Athletes They get rewards in stars for finishing missions on time. Fans Fans get compensation whenever they invest in athletes who complete missions. Contents Supporters are privileged to exclusive content from the athletes such as: Appreciation videos Autographed photos Meetings between fans and supporters on live video/call Special updates and sneak peeks Planned events like raffle draw with signed prizes and hangouts Reserved Pool A. Rewards B. Community support C. NYXS-working capital. Mission Mission lists New missions are distributed to our artists every year/season. We reward athletes for completing the missions with stars. Duration Individual missions vary considerably and can range from a couple of weeks to several months or yearly, etc. Due date Every mission has a due date. If an athlete fails to complete a mission before the due date, the funds are forfeited to a reserved pool for community development. Community support A. Local community-focused programs that promote belonging. B. Local schools, sports academies, disabled athletes and teams, female athletes, and less popular sports. C. Scholarships. D. Consulting and mentoring from famous athletes and coaches.
