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Cryptosportstrading
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January 19, 2019, 11:34:29 PM
 #1

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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January 20, 2019, 03:52:35 PM
 #2

'Imagine being able to profit when your favorite sport teams win' - this is already possible, there's nothing to imagine.

Not really sure it'd be of interest for the community, there's at least other 10 projects doing this.

 
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Initscri
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January 20, 2019, 08:34:16 PM
 #3

'Imagine being able to profit when your favorite sport teams win' - this is already possible, there's nothing to imagine.

Not really sure it'd be of interest for the community, there's at least other 10 projects doing this.

Unless OP has a specific approach to this, then yea, it's been completed before.

@OP, are you suggesting the user makes a multi-game bet (like for an entire season or something)?

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January 20, 2019, 10:28:34 PM
 #4

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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January 21, 2019, 05:39:40 AM
 #5

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.

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Cryptosportstrading
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January 21, 2019, 01:13:05 PM
 #6

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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January 22, 2019, 01:24:47 PM
 #7

Can anyone point me to a site out there
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January 22, 2019, 04:16:06 PM
 #8

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.


Crypto on favorite sports sounds amazing! but there were several ideas connected with daily fantasy sports on blockchain recently. Co I would say that it's not something new, original, inexperienced, but the idea is good.. Unfortunately, this market is so giant that it would be a bit difficult
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January 22, 2019, 04:51:47 PM
 #9

@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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January 23, 2019, 09:03:56 AM
 #10

Would anyone participate on a platform like this?
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January 23, 2019, 08:32:45 PM
 #11

Would anyone participate on a platform like this?

But you mean something more than beting?
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January 23, 2019, 08:46:45 PM
 #12

Yes Ken. You will be investing in your favorite team and earning divide like you would with stocks.
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January 23, 2019, 08:52:41 PM
 #13

The idea is good honestly and I myself would like to test the waters. But my concern is transparency and legitimacy. Your service should be recognized by at least a solid institution. No way gamblers will just put their money and "invest" on it without some assurance that everything should be right along the way. The funds will be stored on your premises that's why it way more risky.

Would anyone participate on a platform like this?

If you are really eager then why not push it and see the result for yourself.

You really need to face the risks and spend some for your plans just to see how it will works.

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January 23, 2019, 09:49:34 PM
 #14

@harizen

I completely understand your thoughts on transparency and legitimacy. That's the main reason we are utilizing a stable coin to track where the money goes. As a security layer with the stablecoins we are considering using, there is a mechanism build in that will reverse transactions if fraud is determined. we thought of multiple ways to protect individuals which is why the stable coin is the option and currency to use the platform. Regulated stable coins include usdc and gusd. In addition our names will be all on the platform. The funds will be in cold storage which is another security layer we have.

Why do gamblers or investors trust other sites with no transparency? This site will be completely transparent to everyone who uses the platform.

We plan on investing into this project very soon. Let me know if you're interested in joining our mailing list.
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January 23, 2019, 10:07:39 PM
 #15

Hi,

I have a strong experience in betting, developing a sportbook website and managing betshops., and of course I have also experience on Ethereum, ICO, smartcontract development and trading. Contact me by email for more details navalchain@gmail.com thanks
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January 23, 2019, 11:33:11 PM
 #16

@milanonymous we are currently not seeking additional help right now, but will be in touch if anything changes.

We see this as investing and not betting
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January 24, 2019, 02:41:11 AM
 #17

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.


I think there will be a ton of people interested, sports is up there with gambling
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January 24, 2019, 03:14:58 AM
 #18

@craigpo

Why do you think people will be interested?
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January 24, 2019, 07:52:17 AM
 #19

@SolomonGrandi tell me about your project? Was it successful?
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January 24, 2019, 07:04:59 PM
 #20

How many leagues should be included in the platform
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