As we know that many technological developments bring up the latest technologies which can help more people, one of them is blockchain technology. Blockchain technology is also one of the most widely used technology companies to invest their products into one currency with digital access. Therefore, now we have a lot of tokens token in the market. Not only 1 or 2 only, but now it reaches 800 types of tokens spread all over the world.
This phenomenon was apparently targeted by the Blockchain Enthusiast and Developer who called themselves TokenStars, a revolutionary project where they intend to make changes in the field of investment in the field of Sports, especially Tennis
TokenStars sees this as an opportunity not to be missed. TokenStars is a project with an investment concept, where investors can invest donations and sponsors into a digital currency (Cryptocurrency). TokenStars is a new evolution for the world of digital media investments that use smart contracts, TokenStars is able to invest in the Mentocenination of people, more specifically a celebrity, in their careers. TokenStars provides funding resources for new stars in sports and performances as well as fulfilling talent and promotion around the world.
What is TokenStar
TokenStars is the first blockchain company to tokenize celebrities. It aims to disrupt the huge $25 billion talent management industry by decentralizing it and providing funding and promotion resources to rising stars. Starting with issuing ACE tokens for the tennis vertical, the company plans to expand into new verticals in 2017, including football (GOAL tokens), poker (CHIP), and cybersports. Young (potential) celebrities need funding and provide share of their income in return. Already successful professionals need more advertising contracts in return for agency commission.
What is ACE Token
The ACE tokens are software with cryptographic elements that are sold out as a utility appliance for the ACE
platform. The ACE tokens are based on the Ethereum protocol and conform to the widely-used ERC20 standard.
The ACE tokens have their functional utility only within the ACE platform and their creation is conditioned by the
need to develop an internal economy in the ACE ecosystem that will establish transparent and fair relations among
the ACE community.
The ACE tokens are intended to be used by their holders only for its designated purposes. Number of such purposes
may be increased over time, including, but not limited to, by means of adding new services and features available
in exchange for the ACE tokens.
The ACE tokens are intended for experts in dealing with cryptographic tokens and blockchain-based software
How does TokenStars make money?
TokenStars’ business model is based on the traditional talent management agency (TMA) model. We receive a 20-30% commission from the players’ sponsorship contracts. This revenue will be converted into tokens. This business model is already working. We have signed the first player (Veronika Kudermetova). She was introduced by a scout. And the first promoter (JAMI agency) is close to signing the first advertising contract of $82K, forming the revenue stream for the agency. Stay tuned.
We will continuously attract thousands of fans to TokenStars platform, who will buy tokens in the market to obtain the product value of ACE token, that brings exclusive opportunities:
- Meet and play with a star
- Receive tickets to events
- Videochat with celebrities
- Chat via messengers
- Get exclusive offers from celebrities (books, posters)
What’s the fundamental value of ACE token?
As the TokenStars project grows, the number of sponsorship contracts signed by the players will increase. As a result, the TokenStars’ agency commission will grow. Sponsors have to pay agency commission only in ACE tokens, which will be bought in the market. The higher the revenue – the more tokens are supposed to be bought. This should positively impact the internal economy. However, bear in mind that markets are unpredictable.
Who will buy your tokens?
We are focused on three audiences:
1. Traditional blockchain audience.
2. Institutional investors, funds and family offices (as company management comes from the financial industry).
3. Sport fans (brough via multiple sports media partnerships, including Manchester United fans community).
When will the tokens start trading on crypto exchanges? Which cryptoexchanges will be chosen?
We plan to list the ACE token on Bittrex, Bitfinex and\or Poloniex and several other exchanges. This procedure usually takes four weeks after the token issue date, which is scheduled at the end of October (or sooner, if the token issue cap is reached). Every month the team will make public reports with Key Performance Indicators (new players signed, revenue, audience numbers etc.).