TradeStars Announces IDO Launching May 4th
TradeStars provides the next generation in fantasy sports trading by tokenizing real-world sports stars, allowing players to trade, invest and compete based on their performance against one another.
BUENOS AIRES, ARGENTINA / ACCESSWIRE / May 3, 2021 / TradeStars, the innovative Blockchain powered fantasy sports trading game, is pleased to announce the launch of their IDO (Initial DEX Offering) on May 4th, 2021. The IDO is now open for whitelisting, and will allow users to purchase TradeStars’ $TSX Token across BSC Pad and Zeroswap from today.
Overview
TradeStars takes Fantasy Sports to a next level by providing players with an exciting alternative to traditional Fantasy Sports / Sports Betting markets. By allowing users to trade and monetize fractional NFTs which represent real-life athletes, fans can use their knowledge to invest in specific sports stars, and see their value go up or down based on actual performance.
The game is entirely managed by Smart Contracts on the Blockchain, which allows for fractionalized NFTs to be created for each athlete. The ability to split, or fractionalize NFTs representing these sports stars is the key ingredient, as it enables secure partial ownership of assets. Instead of every user fighting over a single Lionel Messi, LeBron James or Mike Trout, TradeStars allows users to invest in fractions of these athletes; meaning opportunities to trade on top performers are massively increased.
According to Founder and Tech Lead, Chris Hentschel: “We are gamifying DeFi economic incentives with a fantasy stocks platform where users can express their passion for sports, compete against each other with true digital ownership, transparency, liquidity, and decentralization.”
The Technology Behind TradeStars
TradeStars is the first Decentralized Fantasy Stocks Trading Market. User funds, fantasy stock prices, trade execution and real-time athlete performances are all entirely managed by Smart Contracts on the Ethereum and Matic Layer 2 Blockchains, providing users absolute certainty and reliability of what is happening real time with their holdings.
Fractional NFT markets are the main items on the TradeStars platform, and in effect, act like the liquidity pools seen on conventional DEXs (decentralized exchanges). A Fractional NFT market is composed of real-life performances of sports people tokenized through the Fractionable NFT; and its circulating supply of shares or “Smart Tokens”.
TradeStars IDO Details
- IDO date: May 4th 2021
- Price of TSX token: $0.16
To join the IDO, investors will need to complete the whitelisting process:
- Acquire $BSCPAD tokens to participate in the upcoming IDO
- Make sure to hold enough tokens to meet the criteria for the tier and pool weight you want to achieve
- Claim your $TSX tokens after the sale completes
- Acquire and contribute $ZEE tokens to the staking module
- Apply for the IDO and claim a Proof of participation Ticket
- Winning Tickets will be Drawn, giving holders the chance to buy $TSX
- Claim your $TSX tokens after the sale concludes
Further details of the whitelist process can be found here.
About TradeStars
TradeStars takes Fantasy Sports to a next level by providing players with an exciting alternative to traditional Fantasy Sports and Sports Betting markets. By allowing users to trade and monetize fractional NFTs which represent real-life athletes, fans can use their knowledge to invest in specific sports stars, and see their value go up or down based on actual performance.
Contact Information:
Chris Hentschel
ch@tradestars.app
SOURCE: TradeStars
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