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Yes Ken. You will be investing in your favorite team and earning divide like you would with stocks.
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Would anyone participate on a platform like this?
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@Fabienne_ayy this isn't fantasy sports or betting. This is something entirely new. Can anyone tell me one platform on blockchain technology that has implemented this?
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Can anyone point me to a site out there
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You guys are misunderstanding what I'm saying. There is no platform that allows you to purchase shares of your favorite teams. You are talking about betting. I'm talking about increasing like one would with stocks. Do i need to elaborate more
So you're talking about investing in teams themselves; like the legal entities? TBH, this isn't feasible. For one, many teams are privately owned (either by owners or fund management companies), and the teams which are publicly owned are based on stocks. This is virtually impossible without connections to a owner of a team (which even then I'd doubt it) The team specific coins wouldn't just increase when the team won, since there's no inherent value there. Perhaps I may be misunderstanding something. I'm talking about investing. You won't have an actual ownership in the team, but a virtual ownership. Checkout www.allsportsmarket.com. Take a look and give me your thoughts. I've been polling several people and they would rather do this, than bet head to head. It's treating sports teams like stock all with transparency. |
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You guys are misunderstanding what I'm saying. There is no platform that allows you to purchase shares of your favorite teams. You are talking about betting. I'm talking about increasing like one would with stocks. Do i need to elaborate more
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Im in the planning phase of a sports trading platform that will utilize a Cryptocurrency as the currency of the platform. Imagine being able to profit when your favorite sport teams win. Is this something the community would want to see? Please provide feedback and let me know if there are any questions.
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What sports would everyone like to see?
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Would a Crypto such as BTC, ETH, create my own token, a stablecoin, or fiat be best for this platform? I'm learning towards a stablecoin for multiple reasons.
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Not sure how the ecosystem of this would work, but seems like an interesting idea. Although I dont see it being a profitable one for the site or sustainable.
@TimtheYoutuber the ecosystem will be explained more in details as the project progresses. Why don't you see this being profitable for the site or sustainable? This is targeting crypto fans, sport fans, and traders. All 3 categories are very successful. Look at stock. What makes stocks exchanges or betting profitable and sustainable? |
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Did you already have your own site related of your project plan? Please allow me to see it, am getting interesting with this. And if you don't mind I can be your partner for spread about this on my social media channels
@Novajoensda my landing page is currently being built. I'm trying to currently build a community. Further details will be presented once everything is ready. |
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I'm sorry, back to the topic.. you have good idea but you'll need partner or some legit funder for make it real, isn't it?
@Novajoensda a good idea with the right team that can implement it is better than a legit founder. A lot of these founders are only in it for the money. When the popular founders were first started nobody knew of them. This is something that will transform the way people think of sports. I plan on doing this in 3 phases to see if this is what people want; 1) Social Media Marketing by allowing people to visit my site and subscribe if they are interested. 2) Building an MVP with 1 league so people can test and build a userbase. 3) Full platform. I'm currently working on my landing page and with various companies to try and form partnerships. The more people interested, the more this idea will become a reality and present funding. |
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@Novajoensda Bethereum isn't a sports trading market. This is only allowing you to make bets. I'm talking about investing sports like one would invest in stocks. |
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This is targeting crypto fans, sport fans, and traders. This is the perfect storm.
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@elda34b
The reason for the stable-coin is to protect the users from inflation and to essentially peg it to a USD. I feel as those traders would be more acceptable to using a coin that essentially has a locked value. I wouldn’t consider this sports betting. I would consider it sports investing. Traders would earn dividends when their teams win and appreciate in value. Traders would have a good opportunity to grow their money instead of losing it all by betting on a team to win one game. This platform will have 24/7 trading and I’m confident it will be one of the top sports trading platforms.
@stomachgrowls
This isn’t sports betting. Why would someone use a crypto-currency that’s not stable when there is a wide chance of fluctuation? Can you name one platform that does sports investing with crypto and not sports betting?
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@stomachgrowls this idea would be different than creating a brand-new token. The currency of the platform will be a stable-coin, pegged to the US dollar; such as tether, usdc or gemini dollar. Traders on the platform will know that money is actually being used for intended purposes.
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Im in the planning phase of a sports trading platform that will utilize a Cryptocurrency as the currency of the platform. Imagine being able to profit when your favorite sport teams win. Is this something the community would want to see? Please provide feedback and let me know if there are any questions.
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I'm in the planning phase of a sports trading platform that will utilize a Cryptocurrency as the currency of the platform. Imagine being able to profit when your favorite sport teams win. Is this something the community would want to see? Please provide feedback and let me know if there are any questions.
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