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FAQs

Frequently asked questions

General Questions

General

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 DamnN Player Exchange (PX) and buy from there.

Or you can buy a player that someone is selling in the ‘Buy & Sell Market’, 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 also played with virtual money in the form of Dc. 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 at the sport you are interested in and then find the player or players that you want to buy.

This is also where people who have bought players now want to sell players on the open market and list the players they want to sell including how many units and at what price.

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 player or players that you want to sell, how many units of that particular player 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 DamnN PX is Dc297 ($2.97).

Now you can say that you want to sell all 100 units for Dc297 which is totally up to you or you might want to sell 60 units at Dc294 and 40 units at Dc290, 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 recieve2% of the total sale as a transaction fee. So if you sell 100 units of a player for Dc430 that is 4300, you will receive Dc4214 from the buyer.

A dividend is paid out to people that have a player or players on a quarterly basis that is based on the months of January, February, March (Q1)/ April, May, June (Q2)/ July, August, September (Q3)/ October, November, December(Q4).

A person must own a player on the last day of each quarter to be eligible for the payment.

The dividends are then paid on the 15th of March, June, September and December.

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 in the quarter. If a players price decreased in the quarter 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 quarter based on a number of factors;

A player will get an increase of units based on the current Dc come the end of the quarter. If the player has Dc209, then 20,900 units will be added to the units available in the DamnN PX.

General Questions

Sports

You can take out Dc5000 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 DamnN 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 1% 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.

NBA (National Basketball League)

Point
2 pts
Rebound
1.5 pts
Assist
2.5 pts
Turnover
-1 pts
Steal
2 pts
Block
2.6 pts
Personal foul
-2 pts

NFL (National Football League)

Quarter Back

Passing TD
10 pts
Passing Yards
0.1 pts
Two point pass
5 pts
Interceptions
-5 pts
Rushing TD
15 pts
Rushing Yards
0.2 pts
Total rushes
0.5 pts
Two point run
7.5 pts

Running Back / Wide Receiver / Tight End

TD
15 pts
Total Yards
0.2 pts
Total rushes
0.5 pts
Two point run
7.5 pts
Total receptions
0.5 pts
Targets
1 pts

Defensive Players

Sacks
15 pts
Unassisted tackles
5 pts
Tackles
2.5 pts
Tackle for Loss
5 pts
QB hit
5 pts

Kicker

Result GOOD
5 pts
Result MISS
-5 pts

Punter

Yards
0.1 pts
In 20
2 pts
Touchback
2 pts

Return

Yards
0.3 pts
TD
7.5 pts

MLB (Major League Baseball)

Hitters

Runs
10 pts
Hits
7 pts
RBI
7.2 pts
Home Run
15 pts
Stolen Base
3 pts
Walks BB
7.5 pts
Strikeout K
-7 pts

Pitchers

Pitch count
0.2 pts
Hits
-1 pts
Runs
-2 pts
Walks
-2.3 pts
Strike
1 pts
Home Run
-10 pts

EPL Football (English Premier League)

Goal
25 pts
Shots (total)
5 pts
Goal conceded
-5 pts
Assist
10 pts
Offside
-1 pts
Foul F
2 pts
Foul A
-2 pts
Cross
2 pts
Save
7.5 pts
Yellow card
-5 pts
Red card
-10 pts
Penalty miss
-10 pts
Penalty save
25 pts
Passes
0.5 pts
Pass accuracy
0.1 pt (i.e. 83% = 8.3pts)

F1 Grand Prix

1st
40 pts
2nd
35 pts
3rd
30 pts
4th
3 pts
5th
2 pts
6th
2 pts
7th
-2 pts
8th
2 pts
9th
2 pts
10th
3 pts
Finish
5 pts
Pole
20 pts
Fastest lap
20 pts
Retired
-5 pts

Cricket

Test match

Run
2 pts
50 runs (bonus)
10 pts
100 runs (bonus)
20 pts
Wicket
40 pts
5 wkts inns (bonus)
10 pts
10 wkts game (bonus)
20 pts
Catch
10 pts
Run out
10 pts
Stumping
10 pts

ODI

Run
4 pts
50 runs (bonus)
10 pts
100 runs (bonus)
20 pts
Wicket
80 pts
5 wkts inns (bonus)
10 pts
10 wkts game (bonus)
20 pts
Catch
10 pts
Run out
10 pts
Stumping
10 pts

20Twenty

Run
6 pts
50 runs (bonus)
10 pts
100 runs (bonus)
20 pts
Wicket
120 pts
5 wkts inns (bonus)
10 pts
10 wkts game (bonus)
20 pts
Catch
10 pts
Run out
10 pts
Stumping
10 pts

AFL (Australia Football League)

Disposal
3 pts
Goal
6 pts
Behind
1 pts
Tackle
3 pts
Mark
2 pts
Free F
2 pts
Free A
-2 pts
Goal Ass
2 pts
Hit out
2 pts
Clearance
3 pts

NRL (National Rugby League)

Try
40 pts
Try Ass
20 pts
Field goal
5 pts
Run metres
1.2 pts per m
Runs
1.1 pts
Tackles
1.5 pts
Kick metre
0.2 pts per m
Conversion
1 pts

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