AMA Recap of Dude’s Army x Tradestars

On Wednesday, May 12th, Dude’s Army community had the great opportunity to host an AMA with TradeStars’s team, very instructive and educational. We will share with you a little bit of what this experience was like.

The Dude👨‍💼:

To start the AMA with a good vibe I will give you freedom now to intro yourself and share a bit of your background!

Anshul Pareek:

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.

Chris | TradeStars:

I’m Chris, software engineer and entrepreneur. I love tech and I’ve been in the blockchain space for +4yr now. Mainly in the gaming industry. I contributed to many projects like Decentraland.org, Decent.bet, Popchest, and some small others before starting TradeStars.

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.

The Dude👨‍💼:

I was going to ask you to explain a bit about TradeStars but I can see you already went forward

Tell us more about the 1v1 competition on TradeStars

How will it be? Maybe show us some pics/examples! 😊

Anshul Pareek:

TradeStars is the Nasdaq for Fantasy Sports. A platform that rewards the sports fans for their knowledge. With a unique trading experience tied to sports real-life performances of the athletes.

Compared to the traditional Daily Fantasy Sports our proposition is for a more realtime and social gaming experience. If you look at DFS you have to pick a team / enter a contest / compete. When games start you just look and wait for outcomes.

Our idea is running a 7x24 hour real-time platform where you can interact with by buying / selling fantasy stocks of your favorite players building and maintaining your portfolio.

The Dude👨‍💼:

Can you share some pics and examples on how the platform will look like?

Anshul Pareek:

Yes we would love to

The Dude👨‍💼:

Sounds amazing guys and how will the token work on the platform?

Anshul Pareek:

Our token is TSX. We’re using the token for mainly ingame 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 this rewards will be not only influenced by the stake but also the athletes real life performance.

Then TSX could be used and staked in the game to access or unlock different features and also for participating in governance of the platform

Chris | TradeStars:

The TSX works as the main utility and economic unit of the platform .

Community Questions

Q1 from Roy Mustang:

When will TradeStars be available on android and ios? or will this not be playable on mobile devices?

Chris | TradeStars:

We’re in some internal discussions on the release of an android APK. Right now the app is what’s call a PWA, it feels and work like a native app if you add the shortcut to the mobile home screen. It follows the trend of the mobile app devs in terms of standards and with support ,for example, for push notifications, so i really encourage you to give it a try.

Q2 from Eliana:

Tradestars does not have legal problems when selling non-expendable assets with the faces of players like famous messi?

Chris | TradeStars:

It’s important to understand that TradeStars is a Fantasy Sports game, we’re not selling collectibles with the legal image of the teams and players.

Q3 from Jean Pierre Hernandez:

TradeStars allows us to trade fantasy shares of our favorite sports players, that sounds good, but when a user wants to sell these shares outright and wants to bring the value of these shares to FIAT money, then how does TradeStars help users with this procedure?

Chris | TradeStars:

We have implemented a FIAT on / off ramp solution for this. The whole experience does not need the user to know or understand about private keys, crypto wallets, and signatures. You can try https://testnet.tradestars.app

Q4 from Ang Bronx:

Besides cricket, will TradeStars add other sports like soccer or basketball or tennis 🎾? Also, with regard to NFTs, where can they be traded?

Anshul Pareek:

Yes, we will launch more sports in the coming months.

Here is a glimpse of our roadmap. https://t.me/TradeStarsCommunity/266

Q5 from SimplyUnlucky:

Is the Tradestars game currently fully developed? you have to have a lot of money to pay for ETH gas, do you plan to migrate to other more solid networks like polkadot or BSC?

Chris | TradeStars:

We’re using Polygon since we started running the game. The TSX token, on the other hand is an ethereum ERC20 token, that’s eventually bridged to other blockchains. We have a partnership with https://bridge.poly.network/ that we first implemented fot BSC <> ETH $TSX interoperability

Q6 from Tahani:

If I am not a sports fan, what other way is there to invest in Tradestars? Do you have performance farming or Staker available?

Chris | TradeStars:

We have inplace a lot of incentives to bring together also trading fanatics.

Q7 from Aldo Lopes:

Hi Anshul and Chris, he Fractional NFT market is composed by the real-life performance of a sport player tokenized through the Fractionable NFT and its circulating supply of “Smart Tokens”. Thus, I think the use of an Oracle is natural and important. Are you building your own Oracle? Could you talk a little bit about that, please?

Chris | TradeStars:

Yes. We’re building and using our own, and we will decentralize this along the way.

Q8 from Lun Mei (CryptoBuddhist):

In the world there are 200–250 sports and more than 200 relevant sporting events, what procedures or criteria are you going to use and take into account when including new sports and new sports stars in tradestars?

Chris | TradeStars:

At first, popularity. We started with cricket, and we will be adding soccer after. A good case for the $TSX and platform governance is to allow the community to decide whats next after this.

Q9 from Super Girl:

Can you give us some current statistics of the platform? How many users have already invested in a player? In the last month how many users have registered?

Anshul Pareek:

The mainnet will be launched by may end and we are still in testnet and the feature to deposit real money is not live.

Still we have 30,000 registered users in the testnet who get virtuals tokens to play and explore TradeStars.

Q10 from Super Girl:

Can you give us some current statistics of the platform? How many users have already invested in a player? In the last month how many users have registered?

Anshul Pareek:

An athlete is unlocked in the market once 10,000 shares of the same are bought. But it’s not important for one user to buy all. its a pool where multiple users can come together to unlock a player.

About TradeStars

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 whose values are influenced by real-world sports events.

More information about TradeStars:

Website: https://tradestars.app

Telegram: https://t.me/tradestarsok

Twitter: https://twitter.com/TradeStarsOK

Recaps of all AMA sessions from @dudesignals, one of the most informative cryptocurrency channels on Telegram.