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Sport x Defi with Starksport
Recorded: Sept. 25, 2023 Duration: 0:37:07Space Recording
Full Transcription
Yeah, I'm good. How are you?
Yeah, I'm very well.
Yeah, okay. So, I'll start the AMA now. So, yeah, GM guys, welcome to our AMA. So, today's our topic will be discussed about something about DeFi Sports with Web3 project. Name it Star Sports. So, my name is JQ from Oxygen and I'm excited to host the AMA today.
So, I'll first give you a brief introduction about Oxygen. Later on, we'll have Project Star Sports to intro. Then we go into second part, which we have prepared five questions for Project Star Sports. And the last part, we will open the stage to the audience. So, if you guys have any questions, you can raise your hand on the last section. So, we will pull you up.
Yeah, so, yeah.
And those who want to integrate our API to their project. I mean, to integrate our API to their project, please drop us a message. So, our platform is integrated with top techs like Silla, one is Macha and OpenOcean to provide the deepest liquidity.
And currently, Oxygen has covered 19 change, including ETH, BNB, Solana, Abitram, ZKC, and many more.
So, if you go to our website, 0xgengen.io, we will have exciting features such as the swap feature, the cross-chain swap, which is called a bridge, and the trading signal, and trade to earn, and file more on our website.
So, some of the features will happen in the future, such as like NFT marketplace, aggregator, raffle platform, and so on.
So, once again, we aim to provide the quickest and the easiest swap service between different blockchains.
So, I'll give you an example how to use our website.
So, if you have, like, let's say, if you have one ETH on BNB chain, and you would like to make it back to ETH mainnet, so you can do it on Oxygen with the cross-chain swap service,
it is just, I mean, it's just a click of things, and it's very easy.
So, Oxygen will help you to find the best rate and the quickest cross-chain solution.
That means you don't need to, like, search it on web for your own self.
So, we are trying to help our web users shorten their cross-chain swapping time and the swap time.
Yeah.
So, we will have, like, campaign every weekend.
I mean, we will have campaign every week on Telegram and on Twitter.
You can join and win our OG best as well.
So, yeah.
Now, let's welcome our speaker, Greg, from Project Starports.
And maybe we can hear some different perspective of DeFi and about sports from them.
So, please, yeah, Greg, please give us some brief introduction about yourself and your project to the audience.
All right.
Thank you very much, JQ.
It's been an amazing, it's been amazing so far.
And I think it's a very huge opportunity to be speaking to your community.
Hello, everyone.
My name is Greg.
I'm speaking on behalf of, you know, the Spark Sports team.
I am a business development assistant for Stack Sports.
Basically, I handle, you know, the business development side of the entire project.
You know, and many might wonder or many might ask, you know, why business development?
I think a very huge, you know, problem or a very huge pinpoint that most projects have when it comes to, you know, when it comes to developing their ecosystem and whatnot.
There are tons of projects that have super amazing utility, that have, you know, super amazing product.
But they find it a struggle, they find it very hard, you know, to monetize it.
They find it very hard to get it, you know, from development to the end user.
So, this is, you know, typically what I handle, you know, for Stack Sports.
Also, you know, just to make a comment on what you guys are doing at OXGen, I think it's actually super huge.
You know, the future of the blockchain is actually going to be DeFi.
Binance, you know, over the weekend, I was reading an article, you know, on Binance.
And, you know, even Binance acknowledges the fact that, you know, CX, you know, sexes or centralized exchanges are currently going to be, you know, they are losing their grip on things.
These centralized exchanges are dying.
And, you know, it's possible in the next five years, in the next 10 years to see that, you know, everybody has become, you know, everybody has decided to take full custody of their, you know, cryptocurrencies.
And protocols and utilities like OXGen is going to be at the forefront of, you know, the future of DeFi, seeing that people need to, you know, enthusiast investors,
because regardless of whatever category you are on the blockchain, you develop and whatnot, people need to be able to, you know, go from one chain to the other.
People need to be able to access, you know, deep liquidity pools or whatnot.
And, you know, OXGen is actually powering the future of all of this thing.
So kudos to you guys.
Kudos to your team, JQ.
So, yeah, I think that's, you know, that's a brief intro about myself and what I do at StackSpot.
Yeah, thank you so much for your introductions and your project.
So let's move on to the section two, which we have five questions for StartSpot.
Yeah, so the first question is, can we, I mean, can you give us more information about the StartSpot,
like something like how the project started and what is the aim of the project and how we, how this may help people earn from your project?
All right. Thank you very much for, you know, that.
The project StackSpot actually, you know, kicked off from the fact that, you know, every, and I always see this, you know,
regardless of who I'm speaking to, whenever I'm speaking to communities, you know,
I'm speaking to develop business development teams from the other side.
And one major thing I, you know, usually touch on is the fact that everyone building has, you know,
we all have a similar goal, Binance, you know, Ethereum, the guys at Polygon, New Layer 1s, New Layer 2, Exchange, StockSpot.
And what is the goal?
The goal is to further drive home adoption.
You know, you know, the goal of every new development, every new utility, you know,
we are doing is to ensure that everyone across every corner of the world is actually integrated on the blockchain.
You know, they use the blockchain, everything moves to the blockchain.
We at StackSpot are, you know, handling this adoption drive from the perspective or from the side of incorporating what people do love in real life
and bringing it on the blockchain.
You know, we've seen DeFi, basically DeFi is, you know, just taking traditional finance and putting it on the blockchain.
We've seen, we've seen GameFi, you know, which puts, you know, play to earn, your traditional games, you know,
makes them play to earn and it puts them on the blockchain.
So typically what we are doing is, you know, Spotify.
And we've come, based off market research, we've come to understand that sports is one very hugely accepted human activity,
if I, you know, if I'm permitted to put it like that.
I understand that I have listeners from different places across the world.
Every region has, you know, their own peculiar sports.
You know, we have football in the Middle East, you know, we have cricket in some parts of India, Pakistan, you know,
we have basketball, we have rugby.
So there are a ton of sports that are widely accepted across different regions with, you know,
billions of individuals that are interested in this sport.
And, you know, just to, you know, put this into perspective, you know,
at the last World Cup, we had Binance, we had Crypto.com, we had, I think, OKX.
You know, we have a couple of centralized exchanges that are currently sponsoring sports team.
You know, we see them sponsoring sports team.
I know for a fact that, you know, OKX is one of the sponsors for UFC, you know,
and different centralized exchanges, you know, are trying to sponsor teams that, you know, are in different sports.
So this goes to show that even centralized exchanges understand the importance of sports
and, you know, the kind of coverage sports in itself can give to what developers,
what teams are building on the blockchain.
We are looking to integrate sports into, we are looking to bring what, you know, sports is,
what sports is, and, you know, put it on the blockchain for everyone to be able to utilize and participate.
And this is exactly our goal at Stack Sports.
You know, this was born out of the desire to ensure that, you know,
as much as everyone is doing, you know, what is necessary, you know, to keep pushing or to keep driving adoption,
we are doing our part on our end.
And Stack Sports is currently domiciled on the StackNet blockchain.
I believe you must have heard about StackNet once or twice or come across it on Twitter.
Also, we are looking to go multi-chain and, you know, have touches in blockchains such as Zeta Chain and what more.
The very unique thing about Stack Sports is that, you know, we operate a tripod system where, you know,
the first part of the tripod is, you know, is the Spotify that I had, you know, spoken about.
Also, we have the DeFi side for Stack Sports and also we have the Stack Sports launchpad.
So, basically, the DeFi side of things is going to handle, you know, your typical swap, you know,
moving from one asset on the blockchain to the other.
We are looking to focus majorly on the StackNet blockchain from the onset, you know,
integrate the StackNet blockchain, the Zeta Chain, and before spreading our tentacles into other blockchain.
And the reason for this is because we have tons of, you know, Web3 companies that have been in the space for,
you know, quite some time.
I can assure you, you know, there is no one competing.
There is no company that is able to, you know, compete with the likes of PancakeSwap, Miniswap,
when it comes to liquidity and, you know, the kind of volume or the kind of traffic that they attract.
Hence, it's always advisable, you know, for new teams that are looking to get into DeFi to focus on newer chains that have higher prospects.
So, you know, we'll be having huge farms, we'll be having liquidity pools, we'll be having staking platforms and also swaps on, you know, on StackNet and also on Zeta Chain.
And also, we'll be introducing a launchpad, which is, you know, one part, which is another part of the tripod.
But a major problem faced by, you know, new layer ones, new layer twos is the fact that new teams that are building have a very, very hard time when it comes to building or they struggle to,
there is no pipeline where, you know, they can go from development to, you know, ICOs or fundraising and then to launch.
The StackSpot launchpad is going to be taking care of this.
We are currently working on building a community of, you know, different individuals across the space where teams that are looking to build projects that are looking to build can typically use the StackSpot launchpad to create a pipeline where,
you know, they have their initial tokens, they're able to raise money, say, for marketing or other forms of development.
And straight off to launch.
We've been working on quite a number of partnerships to this effect to ensure that we have all the right things, you know, centralized exchange partnerships, liquidity provider partnerships,
to ensure we have all of this, all that is needed, you know, for projects that would be using the launchpad pipeline, you know, to launch successfully.
And, you know, finally, we have the Spotify part of things, which is super, super important.
We would be using NFTs.
You know, I understand that, you know, to a certain extent, you know, everyone thinks, you know, NFTs are dead and whatnot.
But definitely, you know, the last bull run was the first time, you know, NFTs were explored.
They were the first time, you know, the entire ecosystem had, you know, an interaction with, you know, the entire concept of NFTs.
But what would be happening, you know, in the next bull run is we are going to see much more specialized NFTs that are not just hot.
They are going to be NFTs that, you know, have some sort of value, that have some sort of utility for different individuals to use.
You know, and you talked about how people can earn from that.
You know, majorly, we have a campaign that is currently ongoing where users can actually mint the NFTs currently at the moment.
So, you would need Ethereum on StackNet, so you might need to, you know, use one of the popular bridges to swap from, you know, the ETH chain to StackNet chain.
So, you would be needing Ethereum on StackNet to mint these NFTs.
And as of, you know, to this pricing, the NFTs should be, the NFTs should be less than $4 or $5.
I would have to, you know, confirm the exact pricing at the moment.
So, but yeah, it does actually cost a lot.
And at the end of the league season, whoever holds, you know, any of the winning NFTs gets to share a caution of the entire revenue from the NFT sales.
So, yeah, over to you, JQ.
Yeah, that's great.
Yeah, I can see the star spot is going to be huge and people is working very hard.
Yeah, and personally, I believe, yeah, the NFT technology, yeah, although most, I mean, although 95% of the NFT might be dead, but there's something, there's something might arise on the bull market.
So, yeah, so how do, I mean, how do, like, people find out that Starport is important for Web3 user?
I mean, can they, can they bid on Starport for the, I mean, sport, any sport projects, yeah?
I mean, can they, can they bid something on sport projects, on Starport?
Do you have any idea, like, Starport is going to, going to build a baiting system or what, no?
We are looking to incorporate, you know, the gambling side of things where, you know, we'll have a variety of sports where different users can actually, you know, take bets on.
But at the moment, we are still, you know, majorly focused on the football side of things, you know, football or soccer, depending on where you're from.
And we are currently focused on that.
We are looking to add more sports in the coming, you know, in the coming months.
A major, you know, hindrance to us having, you know, so much more, you know, sports at the moment, which, you know, we'll talk about down the line,
has to be the fact that, you know, the stagnant blockchain isn't exactly live for everyone to use.
So, the moment that it's live, you know, we'll be incorporating a ton of other sports.
But at the moment, users can actually, you know, take stakes on football.
Okay, yeah, okay, great.
So, like, has Starport released any token yet?
So, what is your, I mean, what is your project tokenomic design?
Okay, so, you know, this was what I was, this was what I had mentioned earlier that, you know, we'll definitely, you know, speak about it down the line.
And it's the fact that we do not have, you know, a token live yet, you know, which is quite surprising to many whenever, you know, we talk about it.
This is more to the fact that, you know, we are currently focused on, you know, development at the moment, you know, forging partnerships,
ensuring that we have everything needed in place before we go live.
We have, you know, we want to ensure that everything is well thought out, everything is well planned out before, you know, the token goes live.
As regards to tokenomics, we have a tokenomics structure already on ground.
Just as I had mentioned, the tokens are going to be on StackNet.
The tokens are going to be on StackNet.
The total supply is 100 million tokens.
And, you know, I might, I would, you know, touch on a couple of, you know, the token allocation.
We have 30% to the ecosystem and treasury.
We have 15% to marketing and to the community.
So, you know, if you're listening in, do check out our Twitter so you can, you know, participate in our community activities.
I wouldn't want to see, you know, I wouldn't want to see anything.
But, yeah, you know, just try as much as possible to participate.
We have 2% in airdrops.
Definitely there would be an airdrop for the community.
13% for staking and family rewards.
We have 12% as well allocated to the dev team.
3% to our advisors and 5% to the public sale, which, you know, rounds it up to 100%.
In the total supply.
We would be kicking off our private sale round for the token in Q4 of 2023.
You know, we intend to, sometimes between October and the end of the year for our private round.
And then we would have our public round in Q1 of 2024.
We would then be going live shortly after.
So, that is just a bit about the tokenomics.
Oh, yeah.
About the tokenomics, I heard about the pre-sales.
Do you have any idea about what is the requirement for the pre-sales that people can join?
So, we do not have, you know, we've not listed out the requirements, you know, for the pre-sales.
But definitely, I would advise everyone, you know, join, you know, follow us on Twitter, join our Telegram, join our Discord.
We will be making an announcement to that effect when the time comes.
It is necessary for you, you know, to join all of the socials so you can get first-hand information, you know, when that time comes.
So, yeah.
Thanks for the information that you can say.
I mean, yeah.
Please follow Star Sports and they will have an announcement for that, I believe.
Yeah.
So, yeah.
Let's move on to the next question.
Like, how do you view the future developments of, like, DeFi and Sport?
Yeah, that's a very good question.
The future development of DeFi and Sport is going to be super, super, super, super huge.
And, you know, let us take a step back, you know, to look at the development of the blockchain in itself.
You know, tons and, you know, billions, millions and billions of dollars have been, you know, invested in different, you know, Web3 startups, you know, building different, you know, utilities.
You know, earlier today, I was congratulating, you know, a friend, a team that was building, you know, an analytics tool.
And they had raised about 3 million euros, you know, in the past, you know, few months.
So much funding is going into, you know, blockchain development because everybody understands that, you know, the blockchain is the next big thing.
You know, a chunk of the things we do now are going to be transferred to the blockchain.
And this is going to happen on, you know, different blockchains.
It doesn't have to necessarily be Ethereum or, you know, the BSE or Polygon or, you know, any of the newer chains.
There are newer blockchains that have been designed, you know, for specialized, you know, purposes.
Blockchains where you can, you know, save data on.
Blockchains where, you know, that are scalable for listening to music.
Blockchains that are scalable for social fight and whatnot.
So, the entire blockchain space or the entire blockchain space in itself is going to grow bigger.
It's estimated to, you know, grow by 500% in the next, you know, 10 years.
And for a market that is expected to grow by 500% in the next 10 years, you know, that is a huge increase in the market valuation,
in the market cap of projects that have been built on it.
So, I can assure you that, you know, we are early, everybody building and anyone investing is actually quite early to the space.
Now, when it comes to the future development of DeFi and Sports, we've seen, you know, the advent of, you know,
usually we only had, you know, betting platforms that were on, you know, that were using traditional finance.
Now, we have betting platforms that are, you know, truly anonymous, you know, you can make bets or, you know, stake bets
in different cryptocurrencies, USDT, Ethereum, Bitcoin, you know, and whatnot.
You get your payouts into your wallet.
Your anonymity is preserved, you know, unlike, you know, the traditional betting system.
You know, we've seen so many sports corporations from football clubs have personalized NFTs.
You know, Binance collaborated with Cristiano Ronaldo for his own NFT collection.
I think Mercy has his own NFT collection.
There are a couple of football clubs that have fan tokens.
So, a couple of football clubs have fan tokens.
We've seen football clubs that have been sponsored, you know, by web companies.
This shows that the fine line between, you know, DeFi and Sports has been merged together.
And I expect a much more, you know, universal acceptance when it comes to, you know, DeFi in sports.
You know, you definitely will see, you'll be able to purchase, you know, jerseys, kits in the coming years using, you know, cryptocurrencies.
You'll be able to do much more.
So, when it comes to the future development direction of DeFi, I think we're on the right path.
I think we, there is something big that is yet to come.
You know, everybody just has to keep developing, you know, whatever products you're building, whatever utility.
You need to keep refining it and making it better.
Yeah, thank you for your, I mean, thank you for your answer for this question.
I mean, so, like, we will have a section three for the open stage, I mean, for the audience.
So, who would like to ask any question, you can raise your hand.
So, while we are waiting, I would like to ask some more questions about StarPorts.
Yeah, so, I wonder why, I mean, StarPort is built on StarNet blockchains rather than, like, Ethereum or Polygon or Solana.
I mean, yeah.
Yeah, that's a very fine question.
That's an amazing question.
The first part is, you know, we've done an extensive, you know, market research to understand our market, to understand, you know, where we are building at, to understand our users, to understand our target audience and whatnot.
And the first thing we've come to realize is that, you know, the Ethereum blockchain, BSC, Polygon, Solana, Phantom, all of the popular blockchains are super saturated with teams, you know, that have, I would say, they've had, like, months of, you know, they've started months ahead of us.
You know, they have their tokens live.
They already have the community live.
The competition on all of those blockchains is super huge.
Hence, we decided to focus on newer blockchains that are doing super amazing things.
The second reason is that, you know, StarNet is a privacy blockchain.
It's a layer-to-privacy blockchain.
Basically, you know, users on StarNet are pretty much safe.
You know, they're pretty much private.
And also, it is a roll-up, and I can tell you this because we have, you know, spoken with the team from StarNet a couple of times, and I can tell you these roll-ups are the future of the blockchain.
We understand where the market is going.
We understand where the future of the blockchain is going.
And we decided, you know, to build in the future.
So, basically, we are building a product of the future.
You know, we understand that a time is coming where, you know, BSC, Solana, and all of these blockchains are going to be outdated.
More because the tech behind it is going to be obsolete, and users are going to move to much more updated and much more recent tech.
And we, you know, as a team that is already building on, you know, the most recent, the most futuristic type of blockchain, we have a step ahead of every other person in the market.
So, this is exactly why we chose StarNet ahead of, this is why we chose StarNet ahead of Ethereum, you know, BSC, and all the other blockchains listed.
Yeah, that's a fun part.
Yeah, cool question.
I mean, cool answer, yeah.
So, like, I have seen a very, very small issue.
I mean, when I click on Star Sports Finance on the website, so when I want to launch the apps, so the apps, I mean, tell me to connect those wallet that I don't have.
So, how do you guys overcome this rather than, I mean, add the MetaMask for that?
Because, I believe, nowadays, all of the, I mean, most of the users are familiar with MetaMask, and they are using MetaMask for most of the web 3D apps.
So, how do you guys, like, I mean, educate people to use the StarNet wallet, such as, like, ArgentX, or ZetaChain, or any kind of, like, you know, wallets?
Yeah, that's an amazing question.
So, you know, just to put this out there, we're building on, you know, StackNet.
StackNet as a blockchain in itself, you know, was a, is a layer two, is a layer two blockchain.
But, you know, it's a kind of layer two blockchain that is not on MetaMask, that doesn't use the, that isn't EVM compatible.
I think that is quite easy to understand.
You know, StackNet isn't exactly EVM compatible from the onset.
But, you know, Admin talked about how StackNet is, you know, futuristic and how they're building into the future.
The team at StackNet is currently, you know, structuring the blockchain to ensure that it is EVM compatible.
Meaning, you know, in the next couple of months, you would be able to use your trust wallet, you would be able to use your MetaMask to connect to StackNet.
Because we are still, you know, in more of a testnet phase, this is what, and these are the wallets that are supported by the testnet version of StackNet.
This is why we have, you know, this wallet, you know, listed.
And, you know, we implore everyone, you can, as much as possible.
It doesn't take too long, you know, to install, you know, the Agent or the Bravo's wallet on your laptop or on your mobile device.
And, you know, just give our testnet a spin.
But I can assure you that by the time, you know, the token does go live, StackNet is going to be EVM compatible by then.
And everyone will be able to use their trust wallet, their MetaMask or, you know, their Coinbase wallet on our platform.
Yeah, great. Thank you. Thank you for your answer.
Yeah, I believe that they will come.
So, when I, I mean, when I come to DeFi, I have to, like, educate people about DeFi.
I have to, like, guide them to go through any SOAP, any cross-chain SOAP solution.
So, yeah, that's, that's something I think, like, we need to, like, educate more and more.
Yeah.
So, I think from now, I will learn how, how the Starnet is built and then how the Starnet blockchain is compatible with another blockchain.
Yeah.
Thank you for the information.
Great.
Thank you for your sharing.
So, I think that there is no questions from the audience.
Maybe, I think we can end up here.
So, before we end up, do you have anything to add on, Greg?
As always, you know, especially when I speak to communities, you know, when I have the opportunity to talk with, you know, criminal communities like this, you know, I always tell them to, you know, as much as possible, you know, give yourself to proper education.
Education and enlightenment in terms of, you know, having to read up on, you know, new utilities that are being built, new teams that are coming up with new ideas.
This would ensure that you are at the forefront of innovation, you know, imagine being one of the first, you know, few persons that was able to mine, you know, Bitcoin when it was just created or when it was just invented.
So, as much as possible, you know, give yourself to, you know, learning, you know, learning new things and open your mind.
Also, I would love to implore everyone to follow us on all of our socials, on Twitter, at Stack Finance, on Telegram also, and on Discord.
Check out our website, stackspot.finance.
You know, you know, you can also follow me on Twitter to get more information about Stack Spots.
Thank you very much, everyone, for listening and back to you.
Yeah, so, yeah.
That was nice.
Okay, thank you, Greg.
Yeah, thank you, Greg, for sharing your information here.
And then, guys, please follow Stack Spots and Oxygen and Greg.
Yeah, and then keep your curiosity in Web3.
Keep your imagination and innovation and keep learning in Web3.
So, we will see you for the next AMA.
And then, thank you, guys, for having here to have your time to listen to our AMA.
Yeah, thank you, guys.
Have a good day.
See you, guys.
Thank you very much.
Thank you, Greg.
Have a good day.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye.
