IntroductionThere is one common misconception that we hear from crypto enthusiasts who are not familiar with sports betting when we mention that we are building a sports prediction platform. Prediction markets are never going to replace sportsbooks. At STARS we feel like a prediction market tailored to its community could be a fun and exciting change to the space. Stars is a skilled based game as players use their minds or brain to predict the outcome of a sports event results.
OptionsBecause we’re not focused on sports predictions specifically, we’re able to give our users many different experiences depending on what they are looking for in a platform. The STARS token was created by Alexander Shah. The goal is to spread sports knowledge through trivia questions on our telegram in which the winner of each question is awarded the STRS token. The telegram group can be found here.
https://t.me/STARSPREDICT.
Players want a variety of markets and events to predict on. As we are operating as a full prediction market, we are able to offer a much deeper selection of leagues and a full array of prediction types. We know how important it is for customers to have an exciting selection of prediction types, with operations like 5dimes showing how you can gain market share just by offering more markets and betting options than the competition. Peer to peer operations and prediction markets will surrender bettors in markets that they do not cover, and lose a percentage of serious bettors who want more exotic bet types in the markets that they do cover.
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Players will take their business where they know they can get their money down. Betfair rose to prominence on the back of its strong liquidity and ease with which bettors had their bets matched, but this liquidity does not come easy. You need deep pockets and a value proposition that directly speaks to seasoned bettors, this is another area we feel has been trivialized by our perceived competition. As cryptocurrency is still finding its footing with the majority of the population, it’s fair to question whether users of prediction markets such as Augur and peer to peer exchanges like Edgeless will struggle to have their bets matched. If this is the case, as one would likely expect without a significant pool of bettors initially, then they will also struggle to gain any type of traction with bettors. Without liquidity, they will struggle to offer bets at reasonable prices and a vicious cycle begins to take shape where fewer bettors means fewer bets on offer and a struggle to fill bets at reasonable prices. Our goal is to take predictions as the player wants, when they want, with no hassle and the lowest fees.
The STARS token is listed at
https://turtlenetwork.blackturtle.eu. The token will be listed at
https://fortune.exchange/ once the exchange goes live. We are listed on coinranking.com and the symbol for the token is STRS.
We will be starting a sponsorship program with gamers who stream on the twitch platform. eSports is quickly becoming a popular source for players who enjoy gaming and would like to be able to make predictions on the top events. We would like to capitalize on this.
Closing ThoughtsSTARS is a platform built by sports enthusiast for sports enthusiast, and this knowledge of the space earned through years of operating many areas of the sports industry tailored to predictions is a key differentiator between us and our competitors. We trying to maintain the experience that players are accustomed to because this is key when trying to win a significant market share of sports and trivia fans. We do this while still facilitating trustless predictions and providing customers with a user friendly platform.
Our approach is designed from top to bottom with the player in mind and is community based which is why it will succeed in this current market where the player experience must come first before profits of the company.
