Victory-Verse

Website link 🔗 victory-verse.vercel.app

Decentralized Event Rewards Platform 🏆💰

A blockchain-based system that replaces cash prizes with tradable fan tokens, creating a dynamic reward economy where winners' value grows as fans engage.

🌟 Key Innovation

• Tokenized Rewards: Winners receive tradable tokens instead of cash
• Fan Economy: Fans buy tokens, increasing their value and the winner's net worth
• Decentralized: Powered by Ethereum smart contracts with IPFS storage

🔄 Workflow

For Event Organizers

1. Create Event
   • Set event name, description, and token price
   • Upload image to IPFS
2. Register Participants
   • Add competitor wallet addresses
3. Declare Winner
   • Smart contract automatically:
     • Mints NFT trophy to winner
     • Locks portion of fan tokens as winner's prize .
     • Makes remaining tokens available for public purchase

For Fans/Supporters

1. Browse Events
   • View all active/previous events
   • See winner NFTs and token performance
2. Purchase Tokens
   • Buy fan tokens using MetaMask
   • Tokens appear in wallet (ERC-20 compatible)
3. Trade Tokens
   • Import to OpenSea/other marketplaces
   • Value increases with more fan participation

======= A blockchain-based system that replaces cash prizes with tradable fan tokens, creating a dynamic reward economy where winners' value grows as fans engage.

🌟 Key Innovation

• Tokenized Rewards: Winners receive tradable tokens instead of cash
• Fan Economy: Fans buy tokens, increasing their value and the winner's net worth
• Decentralized: Powered by Ethereum smart contracts with IPFS storage

🔄 Workflow

For Event Organizers

1. Create Event
   • Set event name, description, and token price
   • Upload image to IPFS
2. Register Participants
   • Add competitor wallet addresses
3. Declare Winner
   • Smart contract automatically:
     • Mints NFT trophy to winner
     • Locks portion of fan tokens as winner's prize .
     • Makes remaining tokens available for public purchase

For Fans/Supporters

1. Browse Events
   • View all active/previous events
   • See winner NFTs and token performance
2. Purchase Tokens
   • Buy fan tokens using MetaMask
   • Tokens appear in wallet (ERC-20 compatible)
3. Trade Tokens
   • Import to OpenSea/other marketplaces
   • Value increases with more fan participation