Invest in talented individuals
TokenStars is creating a very interesting product within the talent and sports industry, traditionally when investing in financial markets like the stock market, you invest in a company. But with the use of blockchain technology, TokenStars can issue tokens tied to talented individuals, meaning that investors will be able to invest in individuals, not companies. A problem in professional sports is that it requires a huge amount of funding to cover all the costs associated with participating in tournaments around the world and training to become better every day. Many families aren’t able to cover these costs, even though their child might prove themselves to have a promising future in professional sports. Therefore, many talented individuals miss out on their chance to make it big, which is the exact problem TokenStars is aiming to solve. Tokenstars previously sold ACE tokens to the community which was for tennis players specifically, but now they are running a new token sale, selling the TEAM token, which covers a variety of sports and entertainment.
The TokenStars ecosystem
By utilizing smart contracts on the Ethereum blockchain, funds will be managed securely and transparently. Investors can join the TokenStars ecosystem by buying TEAM tokens. TokenStars will then find promising talent and fund their development through the ecosystems contribution. Later on, when talent starts earning revenue themselves, commissions will be paid from sponsorship deals, salaries or prize money to the TokenStars platform in TEAM tokens. This means the more successful the talent gets in the future, the more TEAM tokens they will be buying on the exchanges, which potentially could increase the price of them, benefiting everyone involved in the TokenStars ecosystem.
To fund their project, TokenStars is raising funds through an initial coin offering (ICO), selling their ERC20 token TEAM. This token is going to be an essential part of the TokenStars ecosystem as presented above.
The token sale starts the 20th of December 2017
The token sale ends the 28th of March 2018
1 TEAM = 0.0001 BTC (Bonuses apply to different phases, picture below)
The minimum contribution amount is 0.01 BTC
- Maximum amount of tokens issued is 75.000.000 TEAM
- A maximum 45.000.000 TEAM will be available for purchase during the token sale
- Hard cap is 15.000.000 US dollars
- Soft cap is 1.000.000 US dollars
The team behind TokenStars has experience in finance, smart contract development and more. These are some of the people behind the TokenStars project.
To view their entire team, their advisors or learn more about each member, you can visit their website: https://tokenstars.com/team or read their whitepaper here: https://tokenstars.com/upload/files/team_whitepaper.pdf
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
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