Tallinn, 5th May 2021 — IQONIQ FanEcosystems, the business behind the hotly anticipated and recently released IQQ Tokens, and Velas, global leaders in blockchain ecosystem services have today announced a multi-year strategic partnership set to ignite a raft of technological improvements and mutual opportunities.
The new partnership aims to boost the development and collaboration of both projects, allowing for more technical innovation across multiple fields, spanning core product development to exploratory issues such as NFTs, cross promotion, and dual development.
It is through utilising Velas’ blockchain technology and vast industry expertise with IQONIQ FanEcosystem’s current offerings that makes this such a tantalising and truly powerful collaboration for all involved.
The potential of the partnership starts with the newly listed IQQ’s, which recently launched on Bittrex Global, Bitcoin.com, and Changelly. It’s prospective future rests with two key factors. Firstly, the seemingly endless array of ways this new utility token will be used by its holders when the IQONIQ Group’s new app launches later in the year. An app which is set to revolutionise fan engagement in sports and entertainment and which already boasts over 120 global sports property partners across F1, Formula E, football, rugby, cricket, ice hockey, drone racing, and many more. Secondly, how both the app and token businesses are ensuring blockchain as a fundamental lever in guiding the future of fan engagement. Now with Velas’ assistance, the sky’s the limit.
As well as providing a blockchain which is set to deliver even faster transactions at scale, the partnership also sees Velas investing in both IQONIQ FanEcosystem equity, and in purchasing a pre-agreed amount of IQQ tokens. Velas will also provide IQONIQ FanEcosystem’s a grant for development and integration, along with further research and development.
Furthermore, the collaboration of both tech teams will begin, helping to develop products and the wider ecosystem in general, explore cross promotions and marketing campaigns, NFT collaboration, and establish secure account integration.
Speaking of the joint partnership, Kazim Atilla, CEO of IQONIQ FanEcosystem, said: “We are genuinely excited to partner up with Velas Network, as we have finally found a blockchain, capable of executing high speed transactions at scale.
“This functionality is crucial for the IQONIQ App development also, as we currently have 120+ teams, brands and idols, with additional 100+ entities coming on board this year. All of their fans and the rest of our community will use Velas chain to transact within our app seamlessly.
“The chain also has NFT issuance capabilities, an ERC20 bridge and already offers staking to VLX holders — all features which we are delighted to work on together with the Velas Network team.
“IQONIQ is constantly looking to alliance and partner with great companies, great technologies and great businesses, while keeping our eyes open to additional collaborations with more chains which are interested in IQONIQ. ”
Alex Alexandrov, founder of Velas, said: “Velas are excited to have IQONIQ join us on this journey and leverage the full potential of the Velas blockchain to deliver the best in technological development and innovation.
“The Velas blockchain is the fastest-in-class, capable of near limitless throughput, and all with world-leading development behind it. It’s no wonder why projects are turning to Velas for the best chance of success.”
The partnership is not exclusive, and both parties are keen to always look to collaborate further, to advance the solutions for fans, token holders, clients, teams, brands and idols alike. One partnership both parties are keen to explore is around the exciting world of NFTs, with the hope of announcing developments soon.
Velas Network AG, headquartered in Switzerland, is an AI-operated dPoS (Delegated Proof of Stake) blockchain project and an ecosystem on which one can develop AI projects, dApps, smart contracts, and more. It is founded by the CEO of the world’s first and biggest altcoin payment processor platform — Coinpayments.net — Alex Alexandrov.
The purpose of Velas is to address and fix the current issues and challenges faced by most existing blockchains, such as centralization, 51% attacks, ‘nothing at stake’ problem, scalability, security, high upfront expenses, and many more. It does so by using neural networks optimized by artificial intuition to enhance its consensus algorithm.
The Velas blockchain, built upon and expanded on the Solana codebase, is one of the fastest blockchains in the world with record-breaking transactions-per-second capabilities and added Ethereum Virtual Machine support, making the Velas blockchain one of the most developmentally capable chains in crypto.
About IQONIQ FanEcosystem
The IQONIQ FanEcosystem OU issues and markets the IQQ Tokens and is an independent entity from IQONIQ Group SARL, which is the owner of the forthcoming revolutionary fan engagement app.
The IQQ Tokens are a pure utility which are currently listed on a number of exchanges, including Bittrex Global, Bitcoin.com, and Changelly. Holders of the tokens will be able to exchange them within the IQONIQ app, once it has launched, to accelerate the number of Loyalty Points held or earned. Loyalty Points can be earned in-app in a number of ways such as engaging and interacting with content and through gamification. The IQQ’s will also unlock a world of access within the app itself, from allowing holders to purchase merchandise to bidding for both physical and digital NFTs.
For more information on the IQONIQ FanEcosystem, and IQQ Tokens, please visit www.iqoniq.io.
The IQONIQ App
IQONIQ is a new fan engagement platform that exclusively targets the sports & entertainment world, which is developed by IQONIQ Group SARL. Providing a game changing solution for fans, while enabling sport clubs to monetize the value of their global fragmented fan base and assets, while including a digital sports-focused marketplace & NFT platform.
IQONIQ is revolutionizing the multi-billion-dollar Sport & Entertainment industry by introducing a best-of-its-kind social engagement platform that enables sport clubs, athletes and entertainers to manage and monetize the value of their global fragmented fan base and social media assets better. With over 100 Sports clubs already partnered with IQONIQ, It provides fans with a richer, rewarding and more personal relationship with their idols and clubs, with a universal, seamless, and gamified loyalty platform and many other features integrated in the IQONIQ App.
IQONIQ is building a complete fan-centric ecosystem, and bridging it to the blockchain world. IQONIQ also provides a digital sports-focused marketplace and a Non-Fungible Token (NFT) platform.
For more information on the IQONIQ App, please visit www.iqoniq.com.