We had our first tournament this past weekend since the launch of
$TFEX - a sold out event featuring 82 teams consisting of some of the highest ranked high school hoopers in the country and put together with the help of entities associated with Nike and Adidas 🏀
Along with an appearance from Dillon Brooks and other Phoenix Suns teammates.
We didn't promote this as an official TFEX tournament because it was scheduled and in place before TFEX launch, and didn't feel right to promote it as one.
Even though it wasn't an official event,
@KingTelfair31 is still committed to putting a % of the profit generated from this event into the chart and burning the tokens.
This is a good time to mention that one of our initiatives will be hosting official TFEX tournaments throughout the year for high school and middle school teams. At the conclusion of each one, a % of the profits will be put back into the chart and burnt forever. We will be transparent about this process and the amounts moving forward, while keeping a ledger or all transactions on our website for review.
Stay tuned for the introductions of more roadmap items, as this is the first of many 🤜🤛
PS -
@fomo @seyong we're sending over our sponsorship proposal for these tournaments