AMA Recap — RADA x ProBit Global

Speaker:

Kyung Joon (KJ) Kwon — RADA’s Co-founder & CEO

Thomas Jin Park — RADA’s Co-founder & COO

“We have started to think and manage from the sport side of the business and enter the blockchain world with a hype. Throughout times as a football fan, we thought the majority of our voices were unheard. Therefore we wanted to combine sport, especially football and technology together. We have managed to sign global ambassadors with our vision and BM, which gave us a big boost. We are aiming to make changes and with the big help from communities, we believe this can make amazing project

To start off with myself, BA in Economics from London, MBA International Management from London, PhD Marketing from London. I’ve got experience in various areas including blockchain (AI particular).

Then, we have Financial guru also from London, Brains behind, professors and lecturers. Superman behind is Developer (CTO) and Data Scientist. Last to mention COO Jin” — Kyung Joon (KJ) Kwon (RADA’s Co-founder & CEO)

Part 1 — Introduction

• 1. What is RADA Foundation and its major mission?

Sports and Technology are inseparable, and with transparency, it can create a whole new paradigm. RADA Foundation aims to implement a platform for actual football clubs in Europe in that everyone and anyone with our tokens can participate; The actual interaction to build a better future for all of us rather than only collective tokens.

The mission of the RADA Foundation is to revolutionize the football industry by integrating technology, transparency, and accountability into club decision-making. Through the purchase of a football club and the implementation of blockchain technology, the foundation aims to foster fan engagement, preserve club heritage, support youth players, and promote good corporate governance in football management.

• 2. Can you please tell our community about the RADA DAO, RADA token RADA NFT, and the overall Ecosystem?

RADA Foundation primarily operates its projects through the DAO, which serves as the core of the RADA ecosystem and runs a rookie development program. The foundation supports fundraising and the development and management of the Web3 DAO platform, while the DAO members handle projects within the platform. While the foundation has predetermined the first project for the DAO, the DAO itself makes key decisions. Moreover, any DAO member can propose a new DAO project in the sports/entertainment business and execute it once the proposal is approved through voting.

RADA, built on the Ethereum network, utilizes the RADA cryptocurrency (ERC-20) as a governance token. All activities conducted by the RADA Foundation are carried out through transactions involving the RADA cryptocurrency. This includes the process of making proposals, voting on the DAO platform, participating in the NFT drawing system, and funding for rookie players.

RADA NFTs (ERC-721) offer unique utility features that set them apart from traditional collectible NFTs. They are categorized into Contract Verification NFTs, Ambassador NFTs, Rookie Set NFTs, and Funding NFTs. Some NFTs can be obtained through NFT draws using RADA tokens, while others can be acquired by proposing funding for players and receiving acceptance from the DAO. The most significant advantage of RADA NFTs is that they grant voting weight during participation in voting, based on the type and quantity of NFTs held.

• 3. Can you tell us about the RADA roadmap? What’s the current development flow?

By getting listed on Probit Global in the 3rd quarter of this year, RADA will begin to operate fully. Through networks of the global ambassador and other experts, the foundation is already conducting research on the potential FCs to be acquired and it aims to announce and acquire the club in 2024.

By 2024, the foundation will complete building the DAO platform that will facilitate all activities that RADA DAO selects and proceed with, and RAS Factory, OffChain & OnChain Voting system for two-track hybrid voting.

By 2025, ‘Explore RADA Asset (ERA)’ will be built for anyone holding the RADA cryptocurrency can transparently track RADA assets, and in addition to the growth of the club, the first DAO project, you will be responsible for the operation so that the future projects that DAO will decide will proceed smoothly.

• 4. Can you please briefly tell us about your brand ambassador, and why you chose him?

Sure! This is a good time to introduce the legendary Spanish footballer, David Villa Sánchez. Villa played for a number of top-flight football clubs throughout his career, including Valencia, Barcelona, and Atletico Madrid. He also represented the Spanish national team in several international competitions, including the 2010 FIFA World Cup, where he played a pivotal role in helping Spain win their first-ever World Cup title. Villa holds the illustrious record for the most goals scored in the history of the Spanish national team, with an impressive 59 goals to his name.

After retiring from professional football, Villa turned his attention to business and entrepreneurship. He founded DV7 Group, a global football organization focused on player representation, football academies, and social impact initiatives. In addition to his work with DV7 Group, Villa is a co-owner of Queensboro FC, a professional football club based in Queens, New York City. Villa’s DV7 Group has recently purchased the Spanish professional club CF Benidorm.

Villa is also a key ambassador for RADA cryptocurrency, a blockchain-based platform that aims to revolutionize the way businesses use blockchain in sports industry. Through his work with RADA, Villa has demonstrated a deep understanding of the potential of blockchain technology to transform the business world.

• 5. Can you please explain about the RADA Talent Developement Program and the Acquisition & Operation of a Professional FC?

Regarding the RADA talent development program:

It is designed to provide a unique opportunity to young football players with excellent potential. The program aims to discover talented sports RADAs in association with professional sports academies and train those talents through various global training programs to nurture them into successful global sports elites.

Our systematic approach assures transparent progress, total care service and facilities, training regime, and funding. We have partnered with European football clubs and academies from Belgium, England, Italy, and Spain. Our front partner, the DV7 Academy of Spain, allows us to participate in various training plus practice matches against the Spanish La Liga club’s youth teams.

Members of the RADA DAO can use RADA tokens to propose funding for the players they wish to play. Athletes adopted through the DAO’s resolution receive support through a contract with the foundation, and members who succeed in funding will receive reward.

Acquisition & Operation of a professional FC:

Investors from around the world have increasingly targeted European football clubs, ranging from local businessmen to foreign billionaires, private equity firms, and supporter groups. The DAO community, a new archetype of football club ownership, offers an additional opportunity for football clubs’ ownership, enabling supporters and fans worldwide to have a say in decision-making and perhaps win the vote to move the club forward. The digital token will have tangible value throughout the campaign.

The implementation of Web 3.0 technology in club ownership and management will create a digital community of remote fans attaching themselves to the club through democratic voting, digital tokens, and governance to raise their voices in decision-making. This approach will enhance the engagement and care of supporters and members of other sports-related tokens who only receive limited benefits.

The project’s aim is to bring the club to the highest league in the country, reshaping its infrastructure, including decentralized decision-making votes, to listen to the fans, supporters, and communities. The voters who participate will feel more engaged and caring through the process.

Part 2 — Twitter Questions

• From Dominic_0958 who asks:

The main priority for project development is having enough funds. Is your team financially capable of running this project? Do you have enough funds and can you tell us how RADA plans to generate profit?

The fund plays a vital role in any project, and it is also essential for our project. We are engaging with investors as we speak, and we are confident that we have enough funds to run this project. Our profit can be generated in various ways besides our token sales, including NFTs. As we plan to acquire a European Football team, we can create revenue sales through the club.

• From Hutchinson2Drew who asks:

How do you plan to spread awareness about RADA in countries or regions where English is not well-spoken, for example Indonesia, Vietnam, India, Bangladesh or Iran. Do you have local communities for them to better understand your project?

We understand the importance of the global community, especially in those regions where English is not well-spoken. We value every community with local languages and plan to develop more local languages and communities. We will make sure we enter local communities with local languages shortly.

• From Pruett3Austin who asks:

Can you provide examples of successful sports management involving respected footballers, such as David Beckham, Paolo Maldini, Thierry Henry, Gerard Pique, Cesc Fabregas and others? How does their influence positively impact managerial roles and consortium building for a FC?

This is an inspiring moment for football fans. Now legendary footballers are engaging with football not just from the playing side but managing sides. You have already mentioned most of the good cases; Andorra FC has been promoted to LaLiga2, DB7 worked with Salford FC with his pals to bring them back to EFL, also to mention that Inter Miami is in the central stages of the MLS. These players get fans, funds, and, more importantly, infrastructure. The networks and experience at the highest level of the football industry enable valuable resources such as management, coaching, and promising players. These qualities make a massive impact on building a strong consortium.

• From Bow_rani_ who asks:

Investors will hold the RADA token for various purposes without understanding its value. How can you ensure that holding this token is beneficial to users over the long-term and what is your plan to increase the demand and scarcity of the $RADA token?

Indeed, some investors are only looking for a short turnaround.

We have a grand plan with an appropriate roadmap that shows we are worthy of the wait. We will be able to announce according to the whitepaper, and we shall make progress as we have planned. Gradually we would build and integrate with larger communities worldwide with our global ambassador.

• From Trangpuzu who asks:

Tell us a little about the role of your tokens and project within the entire ecosystem. Will it act as a simple payment currency on all your products? Or will its holders have some sort of benefit or vote in the project decisions?

Our tokens can also be used to make proposals and votes throughout our DAO community. We want our token holders to participate more in our football club management. It can be small to essential in running/managing a football club. This is very important for our project as we want to make transparency in management. If a decent proposal has been created and selected through a vote, we must honor the result of the vote and proceed for our club. The engagement with fans, supporters, and investors (token holders) are key roles within this project.

Part 3 — Live Quiz

• Please fill in the gap:

On the RADA platform, token holders participate through p_________ and v_______ in governance and policies implemented in the business of the project.

• proposals & votes

How can users participate in RADA DAO? What are the two things they need?

• RADA token / RADA NFT

How many types of NFTs does RADA have?

• Four types

The RADA talent development program provides unique opportunities for whom?

• Potential youth football players

Who is RADA’s ambassador?

• David Villa

And that brings to a close our AMA! Thanks to everyone who participated to make this event a success! Thank you, especially, to the RADA team for the great AMA session! We are pretty sure our community now know better about the RADA project & team!

Check out Round 2 of the RADA IEO: https://www.probit.com/en-us/ieo/rada-round1/1