First Eleven (F11) is a digital marketplace for football fans. As its website mentions, the platform envisions providing users with a first-hand experience of the football world like live scores, fixtures, news related to the sport, and more. Users can enjoy access to unique NFTs, specifically curated by popular football players and clubs. First Eleven primarily wishes to create a strong community of football enthusiasts. The platform launches in-app games and the F11 Champions League to promote maximum engagement within the community.
According to its whitepaper, First Eleven is more than just a fun application. The platform seeks to optimize engagement among football fans via NFTs. First Eleven employs F11 as the native token of the application. F11 is primarily introduced as an ERC-20 token functioning on the Ethereum network. The token is successfully bridged to the Binance Smart Chain (BSC) network with a vision to facilitate interoperability and seamless transactions across blockchains. F11 tokens empower users to participate in peer-to-peer games within the community.
First Eleven tokens power the NFT marketplace. The marketplace rolls out exclusive collections of NFTs curated by eminent football players. For example, there are NFTs like portraits of legendary members of the football clubs, iconic player moments, superfan badges, jerseys and boots of famous footballers, and more. Since the NFTs are mostly rare and exclusive, the value of the tokens is more. First Eleven encourages users to participate in trading NFTs using F11 cryptocurrency.
The application intends to promote a vote-to-earn concept among the users. Players need F11 tokens to cast their votes and predict the winner of a match. First Eleven rewards players with NFTs and prizes of monetary value for voting on ‘Win’ or ‘Draw.’ Players can utilize F11 to pay off the charges of putting down votes.
Players need F11 to participate in the Fantasy Champions League. Although gamers are allotted in-game currency to create a team from scratch, F11 tokens help players expand their limit, pay for the medical services, create NFT avatars, upgrade skills, and do more within the game. The platform aims to launch the First 11 Foundation, giving skilled but underprivileged football players a chance to train under elite coaches. First Eleven plans to introduce a launchpad allowing players to contribute to developing their favorite football clubs. The app includes pools to provide additional liquidity to the clubs. First Eleven encourages users to continue earning passive revenues by staking their F11 tokens on the launchpad. The application also rewards users for minting NFTs on the launchpad.
