We are pleased to announce our next AMA on May 8th 2021 at 01:00 PM UTC Time: Satoshi Club x TradeStars
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join TradeStars Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. TradeStars Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about TradeStars
For more details:
TradeStars Website – tradestars.app
TradeStars Telegram – @tradestarsOK
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
People like to invest on the projects which they believe and more importantly where they fill like in a family. Community connections has a key role nowadays for a successful project. My question is, what are your plans to create a CORE COMMUNITY?
How much will TradeStars Team interact with the community? How important is the wishes of the community for TradeStars Team?
TradeStars is a Fantasy Stock Market where users can trade virtual stocks of their favorite athletes. And any Market requires certain financial investments. So how can a user register with TradeStars and how can they start investing in their chosen athletes? What is the minimum amount he has to replenish his personal account and in what way?
I was very interested in one earning opportunity: I can receive a percentage of the transaction fees of other users. Does it all depend on the size of my stake in different markets?
How can I take advantage of this opportunity and configure this feature? And in which markets can I apply it?
How will the real results of athletes, matches affect the course of the game and the results of virtual athletes? How will these statistics be maintained and how often will they be updated? And what will be your actions if an error is made and the data differs from the real one? Nobody is immune from mistakes!
Tradestar project will have a leaderboards system and Fantasy contest with special reward. Can you explain how is the leaderboard system work in Tradestar platform? And how about Fantasy contest? Can you explain more detail about it?
TradeStars is a Fantasy Sports platform that that is built on blockchain infrastructure with a goal to create exceptional fantasy sport experience with reward. You intend to reward sports fans for their passion and knowledge in sports and on your website you even asked rhetorically : “How much is your knowledge worth?”. How do you plan to harness users passion and knowledge in real sport by providing a rewarding Defi economic incentives that are tied to real-life performance of athletes? What structural framework are you using to measure sport knowledge and what reward structure will you offer?
TradeStars Fantasy Sport platform will be implementing a unique concept which will be based on Fractional NFTs. Nowadays, Projects have started to apply the concept of NFTs Fractions in varying dimension depending on users demand. I read that each of your NFT fractions are tied to real-life performance of athletes works. How is the concept of NFT Fraction applied in TradeStars? How will you tokenise NFT fractions to reflect players real-life performance? Will it be possible to provide Smart-Contracts based AMM liquidity to aid the buy/sale of NFT Fraction and will it be possible to recompose multiple NFTs fractions into other significant NFTs?
Your project started since 2019 but it appears the project has been in hibernation for a while now as you only recently conducted your public/private sale and mainet is yet to launch. Why have you taken such a long time to get started and what challenges have you been able to conquer? What milestones have you been able realise? Which parts of your targets have you fulfilled and what in what focus is the compass of your project currently directed towards?
TradeStars is a Fantasy Sports platform where user can trade digital asset. Also I read that your project have staking system, to stake TSX token. Could you explain how is your stake mechanism? And what is the benefit by stake TSX token?
TradeSports claim that you have new concept about Fractional NFTs that work similar to Liquidity Pool on DeFi platform. Can you explain what is the connection a fractional NFT with a Liquidity Pool? How does the system work?
Tradestars is said to be more of a fantasy sports stock market, where users create their portfolio of athlete and manage it whenever and how they want.. so how do an athlete’s stock get listed on tradestars, can users decide what athlete stocks they want on Tradestars and be able to create them, or will this be done only by Tradestars.. and how is the Initial price of an athlete stock determined.
In Tradestars if a user purchases one or more stocks in a athlete, the user has the chance to win daily or monthly payouts based on that athlete’s future performance on the pitch.. and tradestars measures the athlete’s performance by tracking around 30 variables per player … so what are the examples of variables you track per player, and how do they go on to affect the stocks of the athlete. If an athlete does not perform well on the pitch in the future but there is a high demand for the stocks of the athlete, what happens to the athlete’s stocks and the payouts of users who holds the stocks of the athlete..
Hi TradeStars!
I’d like to learn more about how the initial offering price of fantasy sports stocks is estimated? How do you set the initial price the stock will start trading at and make sure it is not too low or too high? What quantifiable parameters do you use for these calculations? Thank you!
Hi TradeStars!
To pay out dividends you measure an athlete’s performance and add up daily and monthly tracking. Could you tell us what main performance variables you use for these measurements? I imagine these variables differ depending on the type of sport. Thank you!
There are two categories of Tokens I came across in Tradestars, the Network token and Smart tokens… The smart tokens are For performance and also called shares, while the Network tokens are reserve tokens which makes the smart tokens interchangeable… so can you explain how this two categories of Tokens differ in terms of their use cases within Tradestars and how the “Network tokens” makes the “smart tokens” interchangeable.
Hi TradeStars!
Please tell us what sports does your platform already support and how do you track scores, what info channels do you use as an oracle? Do you have plans to expand and include new sports stocks? Can you give us examples of what the next few sports you’d like to add to the platform? Thank you!
Will there be chances of interacting with the real stars?
Will the value of users stocks chance together with the success of supported stars?
One of your mottos is “Let’s bring blockchain to Fantasy Sports!” We are all aware that sports are very important in the global economy, but what is TradeStars referring to with Fantasy Sports? Does this concept include e-sports as well?
TradeStars is envisioning an opportunity to gather sports fans, however in this regard many fans are limited to TV, radio and even the press, leaving aside the wonders that blockchain services such as those that TradeStar plans to offer, how do you plan to reach to all these fans? What will your marketing strategies focus on?
What are the supported types of cryptocurrencies to deposit in our tradestars accounts and start buying sports stocks? And also explain to me if the tokens are issued in the ethereum network, they are a factor that can be an impediment to carry out transactions for reasons of network fees, is there an alternative to this?
The game consists of buying and selling fantasy stocks of certain players. Can you explain to us how these fantasy stocks work? Do they work the same way as the shares of a company? Also, many projects similar to yours have a section dedicated to sports betting, TradeStars has betting on real life sporting events?
How will they manage to maintain a good position in the market, what are the possibilities they offer to the community, which, compared to the competition, make the project good enough to be chosen over the others?
Can you summarize for me what are the methods and ways to make a profit after investing and maintaining our sports stocks? And how to learn to develop profitability strategies in traderstars based on our sports knowledge, is there a channel to discuss sports analysis and investments where we can learn?
Your fantasy games has any relationship with the real world? For example if I invest on an athlete and he/she reduce his/her performance, my investment will be affected?
The only lack that TradeStars have currently is that its depend of the huge transactions fees of the Ethereum Network, so can you tell us what are your plans to solve this lack? Will you integrated a 2 Layer solution?
What elements guarantee that the share price is really fair and will not be manipulated to your convenience?
What are the close plans to improve its ecosystem in terms of liquidity and create more gaming options, and alliances with other chains such as BSC that will also launch its NFTS market?
What TradeStars offers is exceptional unique, giving users (sport fans) the liberty to use their sporting knowledge for their own joy and benefit. Apart from competing against each other, the platform will also provide an avenue for the sport fans, gamers and sport bettors to conveniently interact with one another in a decentralised way. Consequently, in what ways will TradeStars keep the community of fans engaged and in constant healthy social conversations within the app, and been entirely decentralised, how can users exercise their right to governance and control within the platform?
Apart from the staking and TSX ‘farming’ dynamics, the TradeStars platform will offer an impressive list of outstanding features that revolutionizes the current state of blockchain products. They include; an almost instant and gasless transaction, multi asset, multi deposit, crosschain support etc. However, TradeStars will almost entirely run on the Ethereum chain. Therefore, how will this “almost instant and gasless transaction” feature be achieved, and since it will start off on just two chains (Ethereum & Matic Layer 2), will there be future plans to integrate other blockchains to the project’s ecosystem?
Apart of have a relationship with fantasy sports, Tradestars have considered integrate E-sports too?
Your team is aiming to create an “hyper liquid market around the real-life” at least that says on your whitepaper, can you explain the difficulties and strengths of your project to achieve this goal now that the world of NFTs has become so competitive?
The main attraction in the TradeStars economy are its NFTs but not just any NFT but Fractionable NFTs, it means that these non-fungible digital assets could set the price and sell amount of its own fractions, but how are you going to use these advantages within of the TradeStars economy? Specifically in what features?
Could you tell us how many athletes TradeStars is composed of? And to incorporate more athletes, will they carry out some type of voting in the community? or just the management team to incorporate it depending on its real world outcome?
Is it possible that any of the shares of the favorite players are liquidated at a certain time, either due to the retirement or death of one of the players?
I could read that each user can own the shares they want from an athlete, but is there really a limited amount of shares? If so, could you tell us the average amount counted by the best TradeStars athletes?
TradeStars provides facility for buying and selling of player shares? can they be bought with any tokens of the ERC20 chain? or only with its native tokens?
I understand that the best Athletes will be on TradeStars, but are they really aware that they are using their name in that fantasy game? If so, do they own any of those shares? Or do they just have no relationship with this platform?
In case you are a lover of a sport that is not enabled in TradeStars fantasy games, could you support or promote in some way that this sport can be quickly listed on your platform?
You ask on your website that “How much is your knowledge worth?” Does that mean that just by knowing the history of each of the existing sports in TradeStars we will be able to obtain great profits?
I understand that TradeStars is developed in ETH and Matic Layer 2, but really why not develop it in BSC when it is much easier, faster and with less transaction costs?
In order to trade Fantasy stocks, web-browser such as chrome, safari or edge allows TradeStars to used; also funding of my TradeStars accounted will be required. What is the minimum fund Tradeable TradeStars allowed for market exchange and does you fantasy stock compare to the Stock market.
TradeStars is the first, Blockchain powered Fantasy Stocks Trading platform. So Does the market have flexibility, is there different strategies to trade, like goals, team collective performance… How long can trading last a match, day, week or at the end of a tournament? must a trader wait until the end of any of applicable above to collect cash.
What determine a player’s value,his performance relative to their fantasy projection or Anytime shares of a player are bought or sold, the price will change to reflect the changing demand of that player. Or the both, if there are other parameter please explain.
In your team do you have developer to develope a platform that will grant user a experience. What happens if a player is injured?
Can you please explain how the game mechanism works, what elements compose it, how dynamic and easy to use is the platform and above all how secure are the transactions that can be made on it?
I find it very interesting to know the roots of the projects, so, could you tell us how the idea of creating TradeStars was born, what drove its creators and if you consider that they have already achieved everything they set out from the beginning or if they still have much more to achieve?
Can you tell us about some of the activities or launches you have planned over the next few months to further promote TradeStars?
As a first fantasy sports trading game, do you have any plan to launch your own mobile application for TradeStars for an easy and better use of your platform to users? When can we expect to this application to be live in the market? Thank you
Can you tell us which games in TradeStars is most recommendable for users? Which game is most played? Aside from the games in your website,what other games you wish to add in your platform? Thank you
How does my investment in an early adopter correlate?
For example, I bought a lot of stock in player “A” , the system raised his price accordingly. But if this player is not productive in the real game, how much will his price change? Is there a formula to calculate the points?
Tell me, will you have the opportunity to make your own game teams and participate in matches between the players? Or are all sold players tied to existing teams?
I read that there are 30 variances affecting dividends. Please tell me about the dividend system. In the FAQ section, the link –Divident Table — is not clickable. But I want to know how dividends are formed?
As I understand inside of the game, users can trade tokens with their favorite sport players which are represented by an NFT with ERC-721 standard. I didn’t find anything about the cards on your whitepaper but on your video at the website, it mentions owning a card completely. Is that mean owning a sports player completely like owning the transfer fee or the player completely? Could you please explain the cards and players represented by an NFT?
Being as a decentralized blockchain fantasy stocks trading with real world player datas, you have to get the datas first. Where do you get the player information and sports event datas. How do you maintain your decentralzied approach while getting them? Did you create an oracle for it? Or how do you get those datas? Are you using on-chain or off-chain approach?
I see your fractional NFT is unique which have connection with real life statistical data. My question, what will happen to market price if the athlete retired, will the price become down to $0? Also Are there any impact to the market if the athlete injuried or have bad performance in real life?
Talking about the fantasy stocks trading who is determining the sports branches? On the rules page I see soccer, hockey, cricket, baseball, football and basketball? So lets assume people wants players from the Formula-1 sport. How will it be possible to add this sport into the game? Do you do it yourself and decide everything yourself or are there any governance mechanism for it to vote for players or vote for sport branches? How do you manage the governance?