Bitcoin Forum

Does anyone think a crypto sports trading project can succeed?

Yes take a look at wagerr

I suppose you wanted to say a Crypto sports betting website? I don't see a reason for a project to fail as long as the business plan is reasonable. I am not into betting so can't give any advice but there is Sportbet.io, I participated in their advertising campaign in their early days and I see they are still here. So I guess it's working well for them...

This would be a different concept from wagerr. For example, individuals can purchase virtual shares of their favorite sport teams and trade p2p on the platform.

This would be a much different concept. For example, the token sale will allow individuals to purchase utility tokens for the platform. Afterwards, individuals can use the tokens to purchase virtual shares of their favorite sport teams to trade p2p on the platform. Each team will have a bonus pool it which the tokens will be locked and only distributed when teams perform well. Have you ever heard of a concept like this before?

I hear out this kind of concept and i have seen some project which do have the same motive about having a utility token on this specific sport genre but i didnt see they do able to succeed.There no much interest on this thing on my own view.

If marketing is done correctly and the platform built right, this idea could surpass betting. For example, lets say if you ar eon wagerr.com or another cryptosite. If your team lose, you lose all your money. On a sports trading platform if your team wins, you get bonuses and the value increases; if you lose, you only have to worry about your team value decreasing and not losing everything.

FYI, they are the worst thing happened to bitcoin sports-betting scene. They are a well-planned scam running multiple scam gambling projects. Anyway, OP there is a huge scope for sports betting projects as long as you have the right talent to market it. It's not just limited to good UI or fair anymore, people are more concerned with support, speed, and anonymity. Observer the existing sites to figure out what they lack, you can take those negatives to plan your project accordingly.

I wouldn't consider this sports betting, but more as investing. If your team loses, you won't lose everything; the team's value will just decrease. Have you tried many crypto betting sites?

What else do you think is required for a successful project? Can a great idea sell? Is huge capital required? I feel as though a great idea and passion will go along way

Yes, most of them have started with a huge bankroll and have invested massive amounts in promotions and marketing. I wouldn't consider your project as total gamble.

Ideas come and go, the only implementation is all that counts. If you are really passionate about the idea, validate it from a few friends and see if you can go about implementing it. A great idea cannot sell without a market for it. You don't even know if your idea has a market yet.

I've done research, asked friends, and we feel like there is definitely a market for this.

I've been doing research for a few months now and see this as being a new market. I've started doing the whitepaper and landing page myself. I have a couple of marketing teams willing to help for a stake in the company. I've also been working with an attorney. Do you think an MVP is necessary or can the idea and/or team work. Everything will be transparent and the smart contract will protect investors funds.

I understand angel investors would be the best, but how do I approach them and have something to present without the proper funding for a MVP. The most I have now is a whitepaper and website I've been working on myself. Do you think that will suffice?

You don't think an ICO is a good idea? That's the point of the ICO. Before the ICO funds are needed for marketing and web development.

please inbox me your email address

Provide your email in the thread and i will send you the unofficial whitepaper

I just emailed the WP. Please let me know your thoughts.

I think it works because with the times, we must support and follow this. because crypto is a tool for excellent transactions in current technological developments.

I agree. What better way than to bring finance and technology to sports.