Panenka FC, a Singapore-based company, aims to transform the fantasy football market by offering a user-friendly platform that prioritizes transparency, simplicity, and security. Panenka FC is a fantasy football tournament platform where users compete for prize money in EUROe.

Similar to the Fantasy Premier League, users select a team of Premier League players and earn points based on their performance during the gameweek. Panenka FC aims to take the fantasy experience to the next level with smart contract based distribution of EUROe prizes among the best players. Players can participate in paid and free tournaments that conclude at the end of each gameweek, with prizes automatically distributed based on transparent criteria.

Let’s explore how Panenka FC and Concordium are working together to create a secure and transparent environment for Web3 fantasy football.

Aligning for a More Trustworthy Fantasy Football Experience

This partnership between Panenka FC and Concordium perfectly complements Concordium’s mission to promote transparency and security in blockchain technology. By integrating Concordium’s technology, Panenka FC is building a more secure and transparent infrastructure for their fantasy football tournaments. This integration will also promote the use of Concordium’s native stablecoin, EUROe, increasing its utility.

The lack of transparency in Web3 undermines trust and fragments the market. Users are wary of investing time and resources in opaque or untrustworthy projects. Without clear information, it’s hard to find reliable options. However, by leveraging the power of Concordium’s innovative blockchain technology, these critical issues are effectively mitigated

Unlike other platforms that use NFTs for team creation, Panenka FC offers a simpler setup process, making it more accessible to a wider audience and providing a user-friendly experience that prioritizes transparency and security. This approach positions them well in the market, achieving a balance between ease of use, transparency, and security.

Concordium’s Technology: Building Trust Through Transparency

Concordium’s integration ensures that prize payments are distributed accurately to the winning users, fostering a more open system. The platform will enforce limitations on participation, preventing users from entering tournaments multiple times, which helps to ensure fair play and prevents fraud. Users can participate in free tournaments or pay entry fees for exclusive tournaments with larger prizes.

Concordium’s ID layer safeguards user identities, while smart contracts automate game management, guaranteeing transparency and immutability. Essentially, Panenka FC provides a user-friendly platform for Football fans to leverage their football knowledge and compete for prizes.

Euros 2024 and Beyond

The platform is expected to launch in time for the Euros 2024, with an exciting campaign planned around the tournament. The target audience includes sports fans, sports media outlets, and sports brands interested in participating in tournaments and advertising opportunities.

This partnership marks a significant step towards creating a more secure and transparent fantasy football experience. Users are encouraged to sign up for the waitlist to participate in the upcoming Euros 2024 tournaments, having the chance to compete and earn the EUROe stablecoin.

Company Statement

“Panenka FC is thrilled about the partnership with Concordium, which brings us closer to launching our MVP. This collaboration underscores our commitment to revolutionizing fantasy gaming with a focus on trust, transparency, and user experience,” said Navneet Singhrol, Founder and CEO of Panenka FC.

“By leveraging Concordium’s blockchain technology, we’re building a trusted fantasy sports platform with secure user identities and transparent game management,” the CEO continued.

They believe that the best technology works seamlessly in the background, empowering users without being intrusive. Additionally, Concordium’s focus on compliance allows them to operate confidently in various regions.

Be among the first to experience the innovative platform, set to launch just in time for Euros 2024! An exciting campaign is in store, centered around this tournament. So, sign up for the waitlist now to secure your spot in the upcoming Euros 2024 tournaments and be part of the excitement from day one.

Stay tuned for the launch of Panenka FC’s revolutionary platform!