AthleteX - an autonomous organization (DAO) that provides a decentralized exchange (DEX) for trading APT tokens. The mission - to bring athletes and fans together through decentralized incentives. The developers aim to do this by providing the community with a simple, accessible and enjoyable platform to invest in sports performance. The vision - to become the best community platform for investment in sports.
Sports project AthleteX
AthleteX uses the power of blockchain technology and sports statistics to do something extraordinary. Unlike traditional sports betting and fantasy leagues, unique APTs allow you to invest in sports performance.
Its price is determined solely by the player's game statistics. You can buy, sell and exchange APTs on a decentralized exchange (DEX) and process them for profit.
Athlete tokens are currently being minted for:
| 1. | NFL. |
| 2. | NBA. |
| 3. | MLB. |
In the future, it is planned to cover as many professional sports leagues as possible. Athlete tokens track the performance of a particular athlete. Their values are based entirely on statistics and are not tied to a specific athlete. AX Coin - the native cryptocurrency and serves as the denominator of the liquidity of the system. In other words, AX Coin holders secure the Athlete tokens, circulating on the exchange platform by staking their coins. In exchange for providing this liquidity, players will earn interest.
When users exchange Athlete tokens on the exchange, a small fee (0.75%) will be charged on each transaction. The income from these fees is contributed to the market capitalization of AthleteX Coin by changing the “currency of fees” to ‘AX coin’. This is a way to ensure the value of AX Coin. However, the price is also affected by supply and demand factors, like most other assets.
Why should you choose this project?
Unlike sports betting and fantasy sports venues, AthleteX allows you to invest in sports performance. Also, unlike other sports-related tokens, Athlete token prices are based on an athlete's performance, not their net worth or popularity. This allows users to speculate without the interference of other factors.