Topic: Blockchain Sports Trading Platform - page 2. (Read 546 times)
The idea is nice. Betting v2.0. I'd participate in that. But do I understand it right, e.g. there's a game Real Madrid - Barcelona. Before the game I bet on Los Blancos and they win. What happens with my investment? Do shares go up? How and why?
I don't understand, if you don't actually own team shares, you basically own nothing right ? So who is paying out the money and based on what ? That is the part that is unclear to me.
@eckmarwhen people bet or invest, why do they do it? To win money, correct? Look at futures, people don't actually own the item, but they are betting on the underlying asset. This is the same thing our platform will do. There are several people who want this.
Who is paying out the money you ask; like anything stock, there is an ipo. Some of the funds from the ipo will go to each each teams divided pool. Afterwards trading can start on the platform. Individuals on the platform set the value. Each time a team is traded, a certain percentage goes to that team's divide pool. Also, let's say the Yankees beat the Cubs; a certain percentage of the Cubs dividend pool goes to the Yankees dividend pool and then some of that gets paid to the Yankees shareholders. This will bring more people watching games and feel like they own and benefit when their favorite team win.
Should i use a stable coin, btc, or eth?
Nice idea, would love to own a stake in a sport entity. If you're looking to do a comprehensive market research, asking random questions on here isn't the best way to go about it. You should define the opportunity you're offering investors in a clear and concise manner. Develop your research plan, hire someone (i can help here) or a firm to help. Collect as much information as you can an organized manner - e.g questionnaire. Analyze your data and you're good to go.
I don't understand, if you don't actually own team shares, you basically own nothing right ? So who is paying out the money and based on what ? That is the part that is unclear to me.
Should i use a stable coin, btc, or eth?
Nice idea, would love to own a stake in a sport entity. If you're looking to do a comprehensive market research, asking random questions on here isn't the best way to go about it. You should define the opportunity you're offering investors in a clear and concise manner. Develop your research plan, hire someone (i can help here) or a firm to help. Collect as much information as you can an organized manner - e.g questionnaire. Analyze your data and you're good to go.
Should i use a stable coin, btc, or eth?
How many leagues should be included in the platform
@SolomonGrandi tell me about your project? Was it successful?
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.
The good idea, it would be quite interesting to look at implementation of this project.We created the similar project only just more narrowly targeted too
@SmartLotteryGame_bot
@craigpo
Why do you think people will be interested?
Why do you think people will be interested?
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
@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
We see this as investing and not betting
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 [email protected] thanks
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 [email protected] thanks
@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.
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.
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.
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.
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.
Yes Ken. You will be investing in your favorite team and earning divide like you would with stocks.
Would anyone participate on a platform like this?
But you mean something more than beting?
Would anyone participate on a platform like this?
@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?
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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