Caleb Wilson and Nate Ament have joined.
This is crazy…Fanstake
- Thread starter Catclass24
- Start date
Caleb Wilson and Nate Ament have joined.
Want to buy a player for UK? So, do you commit the same amount to both Ament and Wilson, with the idea that you probably only have to pay one of the two?
From Yahoo! Finance:
Here’s how it works: Using Fanstake, fans can pledge financial support, known as "staking," to promising recruits, transfer players, or current rostered athletes they want to see play for their favorite college team next season. If a fan's "staked" athlete chooses the fan's school, Fanstake strikes an authentic NIL endorsement deal with that player. If the athlete chooses another school, the fan gets their money credited back to their Fanstake account, and the other school’s fanbase contributes to the endorsement deal instead.
Surely there is more to the "money credited back to Fanstake account". If that is literally the case, it means you donate 2k, player doesn't go to your school and you don't get the money back but you CAN donate it again.
Some venture capital huckster thinks he has it all figured out I guess.
Here’s how it works: Using Fanstake, fans can pledge financial support, known as "staking," to promising recruits, transfer players, or current rostered athletes they want to see play for their favorite college team next season. If a fan's "staked" athlete chooses the fan's school, Fanstake strikes an authentic NIL endorsement deal with that player. If the athlete chooses another school, the fan gets their money credited back to their Fanstake account, and the other school’s fanbase contributes to the endorsement deal instead.
Surely there is more to the "money credited back to Fanstake account". If that is literally the case, it means you donate 2k, player doesn't go to your school and you don't get the money back but you CAN donate it again.
Some venture capital huckster thinks he has it all figured out I guess.
It’s funny that I’ve seen such negative reactions to this. I actually think this is a good idea.
You say “I want to give Caleb Wilson $100 if he comes to UK”. If he ends up going to a different school you get your money back.
I’d be much more willing to do that, then give a few bucks to a collective blindly. To be clear though, I won’t actually be doing either!
You say “I want to give Caleb Wilson $100 if he comes to UK”. If he ends up going to a different school you get your money back.
I’d be much more willing to do that, then give a few bucks to a collective blindly. To be clear though, I won’t actually be doing either!
Surely you can actually get the money back. I didn’t realize at first that you got your money back at all😆
