PRESS RELEASE. TradeStars has recently announced the launch of their brand new feature, Daily Fantasy Sports (DFS). The launch of DFS shall link the DeFi trading layer with that of the DFS gaming layer via that of a P2E (Play To Earn) model. In this way, TradeStars users can seamlessly trade fantasy stocks in addition to also being allowed to compete against one another through various kinds of DFS contests as well as be able to earn digital and monetary rewards.
Why is this important?
Fantasy sports has been an extremely popular industry for many years, resting firm on a solid basis of an unfathomably large and devoted following. Countless growing variables, including technology, sophisticated platforms, and even the Web 3.0 movement, have all contributed to this sector’s strength over time. Aside from such foreseen scopes, there has nevertheless been little sensible innovation in this field recently.
Several fantasy sports gaming sites experimented with and introduced blockchain technology into the market, providing consumers with increased transparency and profit prospects. However, progress in this area has been confined to only a few features. As a result, TradeStars arose.
TradeStars’ effort to provide the most creative features to address the numerous difficulties that consumers often encounter has aided the platform’s development. At the moment, the world finds itself in a transitional period from Web 2.0 to Web 3.0. Keeping this in mind, TradeStars guarantees that consumers shall have a pleasant onboarding and navigation experience by releasing necessary TradeStars-only features or functionalities.
Bridging the gap between Web 2.0 and Web 3.0
Thanks to the aforementioned DFS feature, the TradeStars team has officially completed their product in terms of enabling the users to play with each other in different competitions. To that end, Web 2.0 based fantasy sports are utilised to take part in various contests and due to DFS being launched on TradeStarts, the gap between Web 2.0 and Web 3.0 has been bridged and a whole new world of possibilities has been opened.
With this release, TradeStars enables competition between their users based on daily real sports games and paves the way for incentivized rewards based on the users’ Fantasy Stocks holdings too. Fractional NFT swaps will become more important as this feature provides users with greater opportunities to use their win rewards inside the game. Fiat deposits and a 24/7 gameplay system are also among the top features provided by TradeStars.
TradeStars is a blockchain-powered fantasy sports game. Through an innovative P2E approach, it combines DeFi economics with DFS “gaming.” Users may trade fantasy stocks which mirror real-life athlete accomplishments, compete in various sorts of DFS tournaments, and receive monetary and digital incentives as previously alluded to. The team will also focus on reaching a million users on the platform within the next year.
At its core, TradeStars is a unique P2E fantasy sports game that uses blockchain technology to decentralize the whole gaming infrastructure and open up a world of creativity to players. The platform is based on the Ethereum blockchain and is powered by Polygon Network, a premier Layer-2 scaling solution. Trades are conducted using smart contracts, which eliminate the need for a middleman or intermediary and therefore avoid the possibility of human intervention.
Moreover, each transaction is recorded on the blockchain and may be accessed by anybody who is interested, resulting in both transparency and fairness. For more information and regular updates, check out the official website and Twitter, Medium, and Telegram channels.
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