Post
Topic
Board Project Development
Re: Crypto Sports Trading?!?!?!!?!?!
by
virtualinvestor770
on 24/08/2018, 20:03:02 UTC
Does anyone think a crypto sports trading project can succeed?

I suppose you wanted to say a Crypto sports betting website? I don't see a reason for a project to fail as long as the business plan is reasonable. I am not into betting so can't give any advice but there is Sportbet.io, I participated in their advertising campaign in their early days and I see they are still here. So I guess it's working well for them...
This would be a much different concept. For example, the token sale will allow individuals to purchase utility tokens for the platform. Afterwards, individuals can use the tokens to purchase virtual shares of their favorite sport teams to trade p2p on the platform. Each team will have a bonus pool it which the tokens will be locked and only distributed when teams perform well. Have you ever heard of a concept like this before?
I hear out this kind of concept and i have seen some project which do have the same motive about having a utility token on this specific sport genre but i didnt see they do able to succeed.There no much interest on this thing on my own view.

If marketing is done correctly and the platform built right, this idea could surpass betting. For example, lets say if you ar eon wagerr.com or another cryptosite. If your team lose, you lose all your money. On a sports trading platform if your team wins, you get bonuses and the value increases; if you lose, you only have to worry about your team value decreasing and not losing everything.