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Welcome to ‘sportStrade’, a new and exciting concept of sports fan interaction from DamnN International which gives you the chance to ‘own sporting stars’ (but not literally) from around the World in many different sports.
It is essentially a ‘stock market’ for sporting players, but without having to know what things like what the ‘price to earnings ratio’ is or what ‘margin calls’ are or what a ‘call option’ is or what a ‘debt-to-equity ratio’ is all about.
sportStrade works along the same fundamentals as Dream Team, Super Coach and Fantasy leagues around the World, where a players value goes up and down based on performances …… but unlike those other games this is real money, and every point, goal, home run, touchdown and win makes a difference.
There are two ways that you can buy players.
One is you simply go into the Current UX and buy from there.
Or you can buy a player that someone is selling in the ‘Marketplace’, but more on that later.
This is based on a formula developed by DamnN International, but basically if your player has a good game the price will go up and if they have a bad day the price will go down.
Each sport has different ways of scoring the players.
For example a tackle in Rugby League is worth 1.5 points and a try is worth 40 points, but more on each sports scoring later.
sportStrade comes under the category of daily fantasy sports. This is distinct from sports betting / gambling and as such does not require a sports betting licence. It is a game of knowledge and skill as opposed to a game of chance.
Yes you can. All your players will show up in your portfolio where you can see their current price, charts of the player over periods of time on price, as well as dividends history and units sold.
The Marketplace is where you are able to look players and teams that other people are looking to sell.
This is an open market where people decide what player price they want to sell their player or team for. sportStrade does not set the price the sell does. They also set how many units they are looking to sell.
Anybody can sell a player that they have at any time they want.
And it is really simple. All you have to do is decide the players or teams that you want to sell, how many units and the price that you are willing to sell the player for.
So as an example you have 100 units of LeBron James from the LA Lakers and his current price in the Current UX is say $2.97.
Now you can say that you want to sell all 100 units for $2.97 which is totally up to you or you might want to sell 60 units at $2.94 and 40 units at $2.90, this is all your decision …… how many units and at what price.
But you can of course sell LeBron James above his current price if you want and if you think that someone will buy him …… at the end of the day the number of units that you want to sell and the price you want to sell them for is completely up to you.
When you sell a player, sportStrade will receive 2% of the total sale as a transaction fee. So if you sell 100 units of a player or team for say $130, you will receive $127.40 from the buyer.
To get a dividend payment you MUST own a player or players on the last day of the month to be eligible for the payment.
A dividend is paid out to people that have a player or players on a monthly basis.
This payment is paid into the ‘dividend’ section of your portfolio. The dividend payment can only be used in the dividend section to buy players from here.
From here you will see that every month there will be different players from 1 sport to buy.
This dividend amount that has been paid to you is only for this month and any funds in there at the end of the month will be lost, so make sure you spend it all.
The dividend that is paid out is based on a formula. It is worked out on the percentage that the players price went up and the number of units sold during the month. If a players price decreased in the month then there is no dividend paid.
Each player has a different number of units when that sport is released.
The number of units has been worked out on a complex algorithm based on the performance of the player over the last few years or seasons.
The number of units is also worked out on the popularity of the sport on a World-wide basis. So a sport like the Premier League in England, players will have a lot more units then say a sport like Australia Rules Football which will have a lot less per player to start with in the initial first offering.
The number of units that a player has available for sale could increase each month based on a number of factors.
A player will get an increase of units based on the price increase and number of units sold during the month. If a players price went down units will be taken from that player based on the same formula..
You can take out $1,000 per day. This will be paid into your PayPal account within 2 to 4 working days. PayPal fees will apply to any money taken out of your PP Bank. If you need or would like to take out more then we can over-ride the with-drawl system to allow more. This is a safety check that we have in our software systems to stop illegal withdraws and any form of money laundering. There will be an added fee of 2% for this.
You have the player that you buy until you sell him or her. But if that player retires or has a very long term injury or doesn’t play, drive or ride and score any points for 1000 consecutive days that player will be removed and any person holding units in that player will be lost and sportStrade will not refund and losses what so ever. So if you think that a player is about to move to a different league or get cut, it is your responsibility to understand this as sportStrade will not be responsible for any loss that may occur.
Different sports of course have a different way that players score points. MLB is different to NBA which is different to the Premier League which is different to F1.