DAVOS, Switzerland, Jan. 26, 2018 /PRNewswire/ -- The World Sports Alliance, an Intergovernmental Organization (WSAIGO) is acting as the fiscal sponsor of World Sports Alliance (USA), a Nonprofit Corporation (WSAUSA) as they announce their entrance into the blockchain space with the launch of iGObit, the digital token made for global citizens (www.igobit.com). With a target of USD $350 - $500 Million, this will not only be one of the largest crypto offerings to date, but also marks a first of its kind offering whereby an Intergovernmental Organization (IGO) has entered the space of digital tokens. An IGO is considered an international personality comprised of member states under specific government treaties and is given rights and privileges within its member states.
iGObit is being developed upon the Stellar open source platform using Hyperledger blockchain technology, making iGobit a hybrid, distributed ledger offering. World Sports Alliance plans to use the funds to energize its entire ecosystem, with the ultimate goal of empowering youth sports programs worldwide. When asked about the offering, World Sports Alliance Treasurer, Mr. Asa Saint Clair, was quoted as saying, "We are pleased to announce our entrance into the crypto token space with the launch of iGObit. Our digital token is a unique offering in that we are using blockchain and encryption technology, while still complying with KYC laws, as any world government-affiliated entity would. By using the Stellar open source platform, we are combining the best of many worlds as a means to deploy our core mission of youth sports programs worldwide, as well as fulfill our secondary mission of supporting the United Nations Sustainable Development Goals. It was so fitting that we launch this endeavor from the World Economic Forum at Davos, at a time when sustainability and blockchain seem to be the two most recurring themes at the WEF this year."
When asked why the WSA entered the blockchain technology space as a means to finance its mission, Mr. Saint Clair further stated, "The idea for the World Sports Alliance originated back as early as the year 2000, inside of the United Nations back when Mr. Kofi Annan was the secretary general. Even more fitting was that I had the privilege to meet Mr. Annan here at the WEF. The WSA vision originated as a means to empower socioeconomic mobility, on the Sport for Development and Peace platform. Many people do not realize just how much sports and finance go hand-in-hand. The Olympic Games comes every four years and plays an important role in stimulating local economies worldwide. With the launch of iGObit, we seek to mirror those efforts by launching youth sports programs that encourage young people to seek to better themselves, their families and communities. Using blockchain allows for distribution, equality and transparency which are values that are in alignment with the United Nations Sustainable Development Goals."
Dr. Gilles Klein, Secretary-General of the World Sports Alliance IGO, met with the majority of education and sports ministers on the African continent at Rabat, Morocco, during the week of January 15th. At this gathering, Dr. Klein encouraged these countries, many of which are currently World Sports Alliance Member States, to embrace the Sports for Development and Peace platform, as well as support iGObit as a means to finance their own youth education and sports programs at a time when funding for many of these programs has been declining. Dr. Klein was quoted as saying, "The Sports for Development and Peace platform is at the heart of the World Sports Alliance. We see the vast budgets and economic impact that sports has around the world. With the launch of iGObit, we seek to bring sustainable development to the African continent, as well as the other territories that comprise our member states, through the use of youth sports, health and education programs. Many of these jurisdictions are resource-rich and cash poor, yet also have a dearth of talented young athletes. We see no reason that in the name of financial equality and justice that these jurisdictions should not be brought to the forefront of the world stage and we see our digital token offering as a means to do so."
H.E. Alain Lemieux, World Sports Alliance IGO President also added, "I am so happy to see the launch of iGObit as a way to empower the entire WSA ecosystem. When we first launched WSA back in 2007, the United Nations representatives told me that it would take 10 years to see the IGO come to fruition. We are now at the 10-year mark and we see the launch of iGObit as the catalyst that will move the effort forward, as we originally envisioned. The youth of this world are the future and with each use of our crypto token people can be reassured that they are making a contribution into these young people, as well as sustain life on the planet Earth."
World Sports Alliance Intergovernmental Organization was formed in 2007, as the result of a private-public multi-stakeholder partnership initiative under the auspices of the United Nations Department of Economic and Social Affairs (UN DESA). The mission of the organization is the advancement of socioeconomic mobility, health and education issues for the approximately 530 million people within WSA's 33 member states, using youth sports as a medium. WSA has contractual entitlements and government concessions on its balance sheet in excess of USD $100 billion dollars and is the fiscal sponsor of iGObit – the blockchain token designed for global citizens with financial equality in mind. World Sports Alliance operates on the Sport for Development and Peace platform and exists in furtherance of the United Nations Sustainable Development Goals.
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Asa St. Clair with Kofi Annan
SOURCE World Sports Alliance