May 29, 2021
TradeStars x Satoshi CLUB AMA Session 08 May 2021
PART 1. Introduction of TradeStars project and community questions.
Hello, Satoshi clubbers and guests of this site. Let’s talk today about fantasy sports trading game.
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 value that are influenced by real-world sports events.
The plan of AMA session:
- Part — Introduction and preselected questions.
- Part — Live questions
- The Quiz about TradeStars
The reward pool is 500$
Leading the AMA our clever and fun admins:
Mary | Satoshi Club — @Satoshi_club
D. | Satoshi Club — @Cool_as_Ice
The Representative of the project:
Anshul Pareek — @OxAnshul — a full-stack marketer and currently heading Marketing at TradeStars
Chris | TradeStars — @chentschel — software engineer and entrepreneur
Introduction of TradeStars project.
Mary | satoshi club:
Hello, satoshi club! We are happy to announce our ama session with TradeStars! Welcome to satoshi club
D| satoshi club:
And today our guests — @chentschel and @oxAnshul ! Hello guys, welcome to Satoshi club!
Chris | TradeStars:
Hello everyone
Anshul pareek:
Hey @cool_as_ice
Mary | satoshi club:
Hello, welcome here
D| satoshi club:
Hello! Good to have you here guys
how is it going?
Chris | TradeStars:
All is great! Thanks for having us here today.
Anshul pareek:
Hey, thank you for having us here.
It’s going really well.
Mary | satoshi club:
so, let’s start our ama
Mary | satoshi club:
Guys, I want to ask you to introduce yourself! And of course, we want to know what is TradeStars and its main goals
Chris | TradeStars:
Sure.
Anshul pareek:
Firstly, greetings to the Satoshi Club fam!
I am Anshul, a full-stack marketer and currently heading marketing at TradeStars.
I have helped 15+ domestic and international brands with branding and communication over 4 years. I have prior experience of consulting brands like Marico, Wipro consumer care, officer’s choice blue whiskey & ITC to name a few. My expertise involves strategy & planning, brand management, social media, and content marketing.
Mary | satoshi club:
How long are you in crypto?
Anshul pareek:
It’s been an amazing year in crypto.
Mary | satoshi club:
Yes, every year in crypto is unforgettable
D| satoshi club:
And year it’s not over yet
Chris | TradeStars:
Hello to all the Satoshi Club community!
I’m Chris, the software engineer, and entrepreneur. I love tech and I’ve been in the blockchain space for +4yr now. I contributed to many projects like decentraland.org, decent.bet, Popchest, and some small others before starting TradeStars.
Prior to starting TradeStars I worked for several years in the traditional gaming / fantasy sports industry.
TradeStars is a fantasy sports platform powered by the Ethereum and polygon layer 2 blockchains where users can trade digital assets that represent real-life events and athletes’ performances.
We are gamifying defi economic incentives with a fantasy stocks platform where users can express their passion for sports, compete against each other with true digital ownership, transparency, liquidity, and decentralization.
Mary | satoshi club:
Oh, so you’re perfect match for TradeStars
D| satoshi club:
Sounds interesting
Mary | satoshi club:
Do you have a big team?
Chris | TradeStars:
We’re between the core team and collaborators about 20 ppl. We’re growing our team pretty fast
Mary | satoshi club:
It’s not small
sure it will grow more! Thank you for your intro, guys! Are you ready for the questions from our community?
Chris | TradeStars:
Yes!!
D| satoshi club:
Let’s go!
Anshul pareek:
Yes
Preselected questions about the TradeStars DeFi project.
D| satoshi club:
Q1 from telegram user @highpee
Your project started in 2019 but it appears the project has been in hibernation for a while now as you only recently conducted your public/private sale and mainet is yet to launch. Why have you taken such a long time to get started and what challenges have you been able to conquer? What milestones have you been able to realize? Which parts of your targets have you fulfilled and what in what focus is the compass of your project currently directed towards?
Chris | TradeStars:
Interesting. We started with an idea, then released the first version of TradeStars in 2020. Unfortunately, due to covid last year, a few months after we launched, sports got canceled all over. So we took a pause in our marketing efforts but continued working on the product ideas, partnerships, and fundraising.
As we resumed with the original plan, last October, we released our v2, completed our private token sale, and this week the public TSX launch was done.
The next steps now for us, are mainnet launch, growing partnerships in the sports world (more news from this soon), and adding more sports down the roadmap.
D| satoshi club:
When do you plan to launch your main-net by the way?
Chris | TradeStars:
By end of May.
D| satoshi club:
Nice!
Chris | TradeStars:
Just a few weeks ahead.
Mary | satoshi club:
Do you already have some partnerships?
Chris | TradeStars:
We do. Many in fact. We have a great partnership with polygon (Matic). Amazing team btw. We recently announced a partnership with Poly network to bring TSX bridgability between BSC and ETH.
Mary | satoshi club:
Yes, polygon really awesome project! Congratulations on your partnerships!
Chris | TradeStars:
And I’m sure @oxAnshul can comment more on this
Mary | satoshi club:
Sure!
Chris | TradeStars:
Polygon is great.
Anshul pareek:
Additionally, we will be really soon announcing a partnership with a sports league with our mainnet launch.
Mary | satoshi club:
We will follow your announcements
Chris | TradeStars:
It allowed us to enhance a lot the UX of the product.
Mary | satoshi club:
Thank you, guys, for your answers! Ready to proceed?
Anshul pareek:
Sure
D| satoshi club:
Q2 from telegram user @nataliyakil
How will the real results of athletes, matches affect the course of the game and the results of virtual athletes? How will these statistics be maintained and how often will they be updated? And what will be your actions if an error is made and the data differs from the real one? Nobody is immune from mistakes!
Chris | TradeStars:
Nice question. I’ll start from the end
.
We’ gather the sports data through external data fees. The sports results and player stats are taken in real time, and we process that into the platform. Ofc, there can be mistakes, but those are weird and corrected in a few minutes usually. Those stats generate a score, (you can follow different scoring rules here -> https://testnet.TradeStars.app/rules).
The impact of the average scoring is on the user’s rewards inside the play form based on the performance of their picked players.
This impacts the rate at which users mine the TSX on the exchange, and the fantasy sports daily contest positions.
Mary | satoshi club:
Your app in the testing stage currently, right?
D| satoshi club:
Thank you for your answer! Do you use some oracles on your platform for data matching? Or you planning to do so in the future?
Chris | TradeStars:
We use, and we’re planning to decentralize that oracle.
Mary | satoshi club:
Did you audit your platform security?
Chris | TradeStars:
We did many security reviews, and also 3 audits on the contracts. Last is conducted by the https://pessimistic.io/ team.
D| satoshi club:
Never heard about them, but I see they did lots of successful audits with well-known projects
Mary | satoshi club:
Fantastic! Happy to see that you care so much about security! Thank you for your answers! Ready to go to the next question?
Chris | TradeStars:
Yes! Lets go
D| satoshi club:
Q3 from telegram user @jonahapagu
There are two categories of tokens I came across in TradeStars, the network token and smart tokens… the smart tokens are for performance and also called shares, while the network tokens are reserve tokens which make the smart tokens interchangeable… so can you explain how this two categories of tokens differ in terms of their use cases within TradeStars and how the “network tokens” makes the “smart tokens” interchangeable.
Chris | TradeStars:
Yes, Internally the reserve is a stable coin. Imagine you need to separate the user investments and gains/losses because of the player’s performances and the original value. So the reserve is stable, and when you buy a player “fantasy shares” those are actually a fraction of the NFT that represents the player performance in the blockchain.
You can find a detailed explanation for this in our whitepaper -> https://whitepaper.TradeStars.app or medium, specially https://medium.com/TradeStars/introducing-TradeStars-series-fractionable-non-fungible-tokens-bfbf435c9c37
D| satoshi club:
Nice! Thank you! The article is always a good source of info
Chris | TradeStars:
Thanks
Mary | satoshi club:
I need to dive deeper into your docs! Thank you for your explanations!
Mary | satoshi club:
Ready to proceed?
D| satoshi club:
Our next question about NFTS
Q4 from telegram user @indomiekuy
Tradesports claim that you have a new concept about fractional NFTS that works similarly to the liquidity pool on DeFi platform. Can you explain what is the connection a fractional nft with a liquidity pool? How does the system work?
Chris | TradeStars:
Yes.
I’ll also refer to the former docs for detail. But in a few lines here, we track player performances and represent that into NFTS on the blockchain. Those NFTS are “special”. Because those are fractionable NFTS. The second part is the way how users buy/sell those fractions. So, on top of this, there’s a function similar to what you can find at Uniswap. NFTS actually can be imagined as a liquidity pool, that when got a transaction, emits or burns shares of itself in return for the reserve value.
This post. -> https://medium.com/TradeStars/TradeStars-2-0-bringing-defi-into-the-nft-market-957970410a0f will explain detailed
Mary | satoshi club:
So, I will be able to buy a fraction of Cristiano Ronaldo?
D| satoshi club:
You will be able to buy a piece of performance of Ronaldo
Mary | satoshi club:
Oh, that’s nice! Hope he will perform good
Chris | TradeStars:
Haha yeah. Of many.
https://esatoshi.club/wp-content/uploads/TradeStars-top-gainers-300x296.jpg
Chris | TradeStars:
I believe we track more than 5000 players now, and we will continuously be adding more sports to the platform
D| satoshi club:
Cool!
Mary | satoshi club:
Yes, I see you have Lionel on the top
Chris | TradeStars:
Haha
D| satoshi club:
Thank you for the detailed answer! Ready for the next question?
Anshul pareek:
Yes, lets goo.
D| satoshi club:
Q5 from telegram user @kasg95
I understand that the best athletes will be on TradeStars, but are they really aware that they are using their name in that fantasy game? If so, do they own any of those shares? Or do they just have no relationship with this platform?
Chris | TradeStars:
Even we are in contact and connected actively with the official leagues and athletes. (big announcement next weeks on this), it works simmilar to a sports betting platform. One of our ideas, as we bring ambassadors onboard, is to own their verified profile and verified shares.
Mary | satoshi club:
Wow! We will wait for this news! Can you give us some hints?
we will keep everything secret.
Chris | TradeStars:
I can say cricket is coming.
Mary | satoshi club:
Super!
thank you for answering
Ready for the 6th and last question from this part?
D| satoshi club:
@chentschel @oxAnshul are you ready guys?
Anshul pareek:
Yup.
D| satoshi club:
Q6 from telegram user @kosku21
Can you summarize for me what are the methods and ways to make a profit after investing and maintaining our sports stocks? And how to learn to develop profitability strategies in trader starts based on our sports knowledge, is there a channel to discuss sports analysis and investments where we can learn?
Chris | TradeStars:
Wow, very detailed.
Yes. First, you have the dex part, you’ll build your portfolio of fantasy shares, and this is the first step where you can make profits, (buy low -> sell high), based on your current portfolio performance you’ll start mining TSX (second step). The TSX has many utilities inside the game such as staking rewards, unlocking special competitions, and governance power. Then you’ll have the fantasy contests. You’ll be able to pick from your portfolio’s players, to enter daily competitions with prices
How to learn and different investment strategies, and a dedicated channel/content for this, is something we’d like to have and work on in the future.
Mary | satoshi club:
Nice incentives! Did you already have this contest or just planning them in the future?
Chris | TradeStars:
We have implemented the first part (DEX), and we are working on releasing the second part in the following months. Obviously, this is a huge endeavor, and we will release all these features one by one in the months to come.
Mary | satoshi club:
Awesome! A lot of events ahead
And now we came close to the most exciting part of our ama
live part!
Ready for it, guys?
Anshul pareek:
Yes.
Chris | TradeStars:
D| satoshi club:
@chentschel and @oxAnshul we will open chat for 2 minutes after chat will be closed — you can start select questions!
Mary | satoshi club:
Let’s go
PART 2.Questions about the TradeStars project from the live chat of the telegram community.
In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the TradeStars crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.
Q — 1 from a telegram user @biggdata
Table Tennis is the 6th sport with the most sports fans. For too many table tennis sports fans like me, would you consider adding table tennis sport on TradeStars? Will you offer more options in sports?
Chris | TradeStars:
I find this very interesting. First for the data
, but secondly because it’s a very interesting case for governance. The $TSX will allow users to vote, and the TSX will be distributed to users of the platform by liquidity mining. I find it very powerful and unique that the community itself will be able to decide what goes next, what should we change, enhance, etc. We are considering adding next soccer, and then e-sports in the original plan.
Q — 2 from a telegram user @ronaldo_super
There are really many cheats happening in sports. As I am the best player but some people think it is Messi it is not really trustworthy, how can we trust your project?
Chris | TradeStars:
Haha, well stats speak on their own. If you’re the best, stats will show
Q — 3 from a telegram user @Mamitabella
How can we register to start trading?
Anshul Pareek:
It is a simple one-step login and you can start using the platform.
Please login to
testnet.tradestars.app
and be a part of the initial users on TradeStars.
Q — 4 from a telegram user @vp0197
Most of the users are still not aware of blockchain & its related projects! So, How this project platform create awareness about their project with non-crypto users too?
Chris | TradeStars:
We made and have a lot of focus on the user experience. You dont need to know about blockchain to play TradeStars.
Thanks mainly to the Polygon L2 implementation, our users just log in with an email address and use a blockchain-based game as if they were using any other app. No need to know about signatures, wallets, private keys, etc.
Q — 5 from a telegram user @testercoin
When will you have done your mainnet launch and are there any testnet right now?
Chris | TradeStars:
testnet is at : https://testnet.tradestars.app currently over 28K registered users
Q — 6 from a telegram user @surendra040
Hello! How is the NFT price determined? IS it at a fair price, we can see Lionel Messi is on the top of the gainer list but of 0 prices?
Anshul Pareek:
The unlock price of all the athletes are determined by a set algorithm which includes a major factor of the athlete’s performance in real life in the recent matches.
Once the price is unlocked it’s determined by the demand/supply in the pool.
Q — 7 from a telegram user @testercoin
When will you done your mainnet launch and are there any testnet right now?
Anshul Pareek:
We will be launching our mainnet by the end of May.
You can explore our testnet at testnet.tradestars.app
Q — 8 from a telegram user @cindy_crypto
You said you completed your private sale so where and how can I buy TSX token right now?
Chris | TradeStars:
you can buy TSX in Pancakeswap and Uniswap now. CEX listings coming soon too. Referring the post to details -> https://t.me/TradeStarsCommunity/262
Q — 9 from a telegram user @Sumione
WHERE is your token TSX listed for buy? Can I get in Uniswap?
Anshul Pareek:
You can get all the details regarding token here: https://t.me/TradeStarsCommunity/262
Q -10 from a telegram user @Jodasf
What elements guarantee that the share price is really fair and will not be manipulated to your convenience?
Chris | TradeStars:
One word. blockchain
The smart contracts will manage the price discovery and liquidity.
Q -11 from a telegram user @csgonub
Do you have any features for staking the governance token TSX or farming? Or do you plan for any of them?
Anshul Pareek:
We’re using the token for mainly in-game rewards, and governance. A huge % of the TSX will be introduced to the community via liquidity mining.
Rewarding users that invested and hold fantasy stocks in their portfolios.
The rate of these rewards will be not only influenced by the stake but also the athlete’s real-life performance.
Then TSX could be used and staked in the game to access or unlock different features and also for participating in the governance of the platform.
Part 3 — Quiz about project
In the final part, we tested the knowledge in terms of the TradeStars project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.
Our contacts for more details:
English Telegram group | Russian Telegram group | Spanish Telegram group | Telegram Channel | Twitter | Website
Our Crypto Partner by this AMA: TradeStars
Telegram group | GitHub | Tweeter | Website | Facebook
