Stellar Lumens [XLM] lights up the football world
The London Football Exchange [LFE] is a Stellar based startup aspiring to transform fan engagement in professional football. LFE seeks to combine the global football fan base and the global reach and speed of the Stellar network. The LFE aims to unravel new techniques in ticketing, merchandising, broadcasting and fan experiences.
The LFE Exchange will be the world’s first stock exchange that will offer members to invest in football clubs. They also aim to deliver the best fan experience through tours, player meet and greets, content, broadcast and streaming services, and merchandise. The exchange has partnered with lightyear.io, a software company that develops applications and infrastructure for the Stellar ecosystem. It will help build the rapidly expanding LFE ecosystem on the Stellar network. They plan to create an LFE ecosystem and include an LFE market and LFE exchange to create a system of easy usage.
The LFE Ecosystem
The essence of LFE ecosystem is that it connects its members with football clubs. Football is a game with a large fan base across the world. There will be scored of investors who will line up to invest in their favorite football clubs. The investments from the fan base can prove beneficial for the football clubs. They can improve aspects like sporting infrastructure, developing potential young players and better facilities for the current players.
The LFE market and the LFE exchange is backed by the LFE token. LFE is token is the world’s first football based cryptocurrency. It also attempts to establish a remittance and payment service for its investors powered by a Stellar network.
Ben Leigh Hunt, founding partner of the London Football Exchange said, “The LFE’s mission is to bring the football world the best in cutting-edge technological and financial solutions. Together, LFE and Stellar make the perfect match to transform the fan experience while introducing millions of loyal football fans to the benefits of the blockchain technology through speed, inter-connectivity, and efficiency.”
Boris Reznikov, Director of Partnerships at Lightyear.io said, “We’re looking forward to working with the London Football Exchange to introduce the global football community to the benefits of blockchain technology as a new and powerful force in the democratization of access to value. The revolution in football finance has begun”.
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