In the last ten years, pigeon racing is conditioned by the growing Asian markets, gaining popularity particularly in Mainland China and Taiwan; emerging as a multibillion-dollar industry. Despite the fast-paced growth of the sport, there still exists unresolved challenges which hamper the industry’s further development. The Pigeon Chain platform will apply blockchain technology, boosting further popularization of the sport, and open a new page in the pigeon racing industry.
The digital pigeons introduced by the Pigeon Chain platform are the electronic forms of real-world pigeons technically manifesting the ownership of the pigeons on the blockchain. Non-fungible tokens will be applied as digital pigeons (tokens), to make sure that each digital pigeons are unique, identifiable, and non-replicable. The digitalization of pigeons can be auctioned by using blockchain technology and smart contract. The auctioneer will no longer face the time and space limitation, and this process can be done simply over the network.
The biggest advantage for decentralization is to prevent users’ loss by a single node being attacked. Implementation of a decentralized auction as a smart contract brings complete transparency to the process, eliminates corruption, and diminishes a possibly dishonest, centralized auctioneer. Additionally, decentralization doesn’t require KYC and it can guarantee the security of users’ private information.
Through the application of GPS/RFID and Blockchain technologies, the platform will enable the decentralized registration of pigeon race results and reward distribution to winners. The system relies heavily on blockchain as a distributed database and smart contracts as the technology for self-executing, immutable protocols.
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
This offer is based solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.