TradeStars

TradeStars is the developer of a stock trading platform created to enable users to trade through digital assets that represent athletes' real-life sports performances. The platform offers a blockchain technology allwoingallowing users to create and trade these digital assets and compete.

TSX is the native utility token on TradeStars. It is used for Ingamein-game staking rewards, and governance votes to determine how product resources are allocated. TradeStars' points system is calculated on the basis of the performance of the player in an actual match. To participate, users are required to Loglog in with their email address and follow the laid down steps. Users can also play fantasy cricket and football on TradeStars.

To participate, users check out player stocks in the marketplace and predict how players are going to perform. They assemble a portfolio of players that they think will do well over a period of time, and decide how many fantasy stocks to purchase infor each player. The performance of the player determines the increase of the stocks, which can be sold by the user.

TradeStars is the developer of a stock trading platform created to enable users to trade through digital assets that represent athletes' real-life sports performances. The platform offers a blockchain technology allwoing users to create and trade these digital assets and compete.

TSX is the native utility token on TradeStars. It is used for Ingame staking rewards, and governance votes to determine how product resources are allocated. TradeStars' points system is calculated on the basis of the performance of the player in an actual match. To participate, users are required to Log in with their email address and follow the laid down steps. Users can also play cricket and football on TradeStars.

To participate, users check out player stocks in the marketplace and predict how players are going to perform. They assemble a portfolio of players that they think will do well over a period of time, and decide how many fantasy stocks to purchase in each player. The performance of the player determines the increase of the stocks which can be sold by the user.

TradeStars is a Fantasy Stocks Trading Game powered by the Ethereum + Matic Layer 2 blockchains. By using their sporting knowledge, and relying on real-life sports statistics, fans can trade and monetize digital assets which values that are influenced by real-world sports' events.

TradeStars (TSX) is a Fantasy Stocks trading platform based on the Ethereum + Matic Layer 2 blockchain, where users can trade digital assets that represent statistics of real events. It is a decentralized social game where people can express their passion for sports, compete with each other and show how valuable your sports knowledge is.

Sport is one of the driving forces of the global economy (+$90 billion in 2017). People spend hours every day watching sports via television, online media, live matches and even traveling to watch sports! TradeStars provides users with a new way to use their sports knowledge for their own joy and benefit. We foresee a huge opportunity to gather sports fans, gamblers and sports bettors on a revolutionary platform where they can not only socially interact but also compete with each other in a transparent and decentralized manner.

The TradeStars platform, built on the blockchain, is not controlled by a single entity. There is no single agent that can change the rules for using the software, the economics of assets, or prevent others from accessing the platform. Each digital asset is permanently owned by the community and resides on a blockchain-based digital ledger, giving the owner full control over it.

2017 has been an exceptional year for the blockchain community. Many great companies with revolutionary ideas were born as a result of the great success of the Initial Coin Offering (ICO). TradeStars was heavily influenced by two of the most prominent of these new ideas: the release of the Bancor protocol and the creation of the ERC-721 token standard.

Ideas about continuous token models existed long before Bancor's public launch in early 2017; Theoretically studied for application in various scenarios such as continuous ICOs, token controlled registries (TCRs), prediction markets and many others where users will have economic incentives to participate in value creation around a certain community.

However, the Bancor protocol smart token concept was a step forward in the crypto community. With the release of their platform, they suddenly enabled decentralized conversion of any ERC20 token, helping to solve the problem of illiquidity that existed in the cryptocurrency market.

The liquidity of a token is determined by the constant presence of buyers and sellers. This means that a high liquidity token is one that you can easily buy or sell at any given time, and the reverse is true for low liquidity tokens. But without the need to negotiate buy and sell orders between users like a traditional exchange, they created decentralized transparent markets with automated liquidity of tokens based on a set of rules supported by smart contracts.

The second idea from which TradeStars was born has to do with a new type of digital token standard that many companies began exploring around the same year.

After the great success of the interchangeable ERC-20 standard and the big buzz around ICOs in 2017, several initiatives started work on a new proposal that could introduce something unique and rare in the public digital ledger. This digital asset, a non-fungible asset that is solely owned, non-fungible and capable of storing intrinsic value, took the form of the ERC-721 token standard in the early months of 2018.

A non-fungible token or NFT is a special type of cryptographic token that is something unique, non-fungible, and with verifiable digital scarcity.

The big success of this type of token came with the public release of CryptoKitties in December 2017. Their irreplaceable digital kitties have attracted a lot of industry attention, generating massive amounts of transactions and millions of dollars in revenue. This event kind of changed the blockchain games industry and paved the way for many other companies that later tried to capitalize on the great ideas based on the ERC-721 standard.

The digital scarcity of this token will soon see these assets become more popular and more expensive, making it harder for ordinary investors to own them. It seemed natural that there would soon be a need to own shares of these non-fungible digital assets.

So, what if a non-fungible token can be partially owned by ?; How would this idea be represented on the blockchain? And more interesting; What if these non-fungible digital assets could set their own price and sell quantities of their own fractions with automated liquidity?

It will be a new type of non-fungible token (NFT) "Fractional NFT".

We came up with the idea of ​​using the ERC-20 standard to represent NFT fractions and allow the NFT to set the price and circulating supply of these shares based on market supply and demand. This could potentially have many interesting applications in the blockchain ecosystem, such as the tokenization of real or virtual assets.

In addition to the exclusive ownership of digital assets, which led to the popularity of blockchain as a secure way to store value, tokenization of real assets (represented by tokens on the blockchain) is another disruptive and disruptive use case for this technology.

This mechanism allows anyone, anywhere, to buy or invest in virtually illiquid assets, as if you were buying products from your favorite e-commerce store.

By tracking and representing with fractional NFT the real performance of any given event, we can create fractional NFT markets and economic incentives to invest in or own shares of that NFT. This is with awards based on the results of real life events.

The TradeStars platform can be thought of as a decentralized exchange (DEX) for fractional NFTs, where the economic incentives for users to bet in-game are linked to real-life statistics.

Using our team's past experience in the fantasy sports and gaming industry, we have created a crypto-economic game based on virtual asset trading that will reflect real-life statistics.

-Real stats are tokenized with our implementation of Fractional NFT, with which users can trade stocks. We call these promotions "Smart Tokens".

-The supply of tokens for each fractional NFT market is governed by a bonding curve that smoothly sets the share price in line with market supply and demand.

-When buying smart tokens, the payment is added to the reserve balance, and new smart tokens are issued to the buyer. As both the reserve balance and the supply increase, buying a smart token will increase its price. Similarly, when smart tokens are liquidated, they are removed from the supply, the reserve tokens are transferred to the seller, and the price of the token decreases.

-To ensure that fluctuations in the price of the reserve do not affect the market price of smart tokens, the stablecoin is used as a general reserve token.

Tracking real-time and historical statistics for these NFTs added another component to the formula that could influence the determination of the final share price. As in a real stock exchange, reliable data will influence perceived dividends for shareholders (more on this later), helping to set a new price for traded shares and creating an incentive to be able to early identify and purchase those assets that promise the highest return on your investment.

As new prices are confirmed, there will be users willing to buy or sell to profit from their assets, and these actions will then lead to new prices being set for the assets being traded.

In addition, if there is a small fee for each purchase transaction for the NFT holder, users will be encouraged to retain ownership of fractional NFTs and try to increase the volume of transactions with its shares.

All this will lead to the creation of a hyper-liquid market around a real tokenized asset, represented by a fractional NFT.

The main goal of TradeStars is to enable sports fans around the world to use the platform in a convenient and natural way. Here is how the simplest use case works for a user interacting with the platform:

1.Once registered on the platform, the user can fund their account using any of the supported payment methods, or use an external Web3 compatible wallet to fund it with any supported ERC20 token.

2.Users can now purchase or liquidate smart tokens on any of the unlocked fractional NFT markets.

3.By holding smart tokens in their portfolio and in accordance with the scoring rules, users will receive dividends in the main token of the platform (TSX).

4.Users can stake on TSX to unlock new fractional NFT markets, participate in voting on platform governance decisions, and earn a percentage of generated platform transaction fees.

Fractional NFT markets are the core elements of the TradeStars platform and can be compared to liquidity pools on conventional decentralized exchanges.

The fractional NFT market consists of the real performance of the athlete tokenized through the fractional NFT and its circulating shares or "smart tokens". It provides automatic liquidity management, management of its share offering and price verification using a parameterized linking curve.

Users can purchase and liquidate smart tokens in these markets, and by using the general reserve as a medium of exchange (stablecoin), all of these tokens are fungible within the TradeStars platform.

As we defined earlier, these tokens are ERC-20 compliant transferable tokens that are created and destroyed by the Fractionable NFT holding, providing automatic liquidity.

Each of these tokens represents a fraction or fraction of the emitted Fractionable NFTs, and users can trade, hold, purchase, or liquidate these tokens at any time using TradeStars smart contracts in exchange for a reserve token.

As with Bancor, we use a Constant Reservation Ratio (CRR) based method to set the price-to-supply ratio for these tokens. The CRR is set by TradeStars and can be later changed by voting decisions of TSX holders.

The TradeStars Platform Native Digital Utility Token (TradeStars Token) is a core component of the TradeStars ecosystem.

The TradeStars Token will be issued as an ERC-20 compliant digital token on the Ethereum blockchain and is intended to reward participants who interact on the TradeStars platform.

TSX is a vehicle for alignment and participation in the platform, and TSX holders must be people who interact with it in some way, are committed to its future development, and want to take a seat at the governance table.

We expect TSX owners to help unleash the potential of the platform through experimentation and active participation. The addition of new fractional NFT markets, platform transaction fee changes, NFT market pricing formulas, and all disputed issues will be forwarded to TSX token holders for consideration.

The TradeStars platform allows any Ethereum account to purchase smart tokens from any of the existing fractional NFT markets, or even create their own markets in the future.

This process can be seen as adding liquidity to these NFT markets (in the form of reserve tokens). Liquidity attracts traders, trading generates commissions, and ultimately the profitability of fractional NFT markets attracts more liquidity.

In this process, early liquidity providers assume more risk and opportunity costs. We believe that these users of the platform should be involved at an early stage in the decision to develop it.

We then offer a "liquidity mining scheme" for TSX distribution that pro rata rewards these and future users of the platform. In other words, in exchange for providing liquidity (by purchasing smart tokens), TSX will be mined and distributed to these users.