PRESS RELEASE. Blockchain based P2E Fantasy Sports Game TradeStars has announced the launch of staking of their native token TSX. Users will now be able to stake their TSX tokens and earn more TSX tokens as rewards.
TradeStars and TSX
TradeStars is a P2E Fantasy Sports game built on Ethereum, where users can trade Fantasy Stocks whose value is directly influenced by the real-life performances of athletes. Sports enthusiasts can use their sporting knowledge to buy Fantasy Stock of players who display potential to be the stars of tomorrow, and enjoy significant upside on their investment.
The Fantasy Stocks are implemented as Fractional Non-Fungible Tokens (F-NFTs), and are traded against smart contracts using TSX as the medium of exchange. TSX is an ERC-20 token which serves as the in-game currency (utility token).
Users can also participate in DFS (Daily Fantasy Sports) contests on TradeStars and win TSX as rewards.
TSX Utilities
Being the utility token, TSX drives the in-game economy of TradeStars. TSX is also the governance token, and allows holders to participate in decentralized voting rounds to finalize decisions which concern various issues of the platform governance and its future direction of growth.
Apart from this, TSX entitles holders to a range of other benefits, such as earning a share of the platform fees generated, and getting first access to special edition NFTs minted on the platform.
TSX is currently listed on leading cryptocurrency exchanges such as MEXC, Uniswap and PancakeSwap.
TSX Staking
With the launch of TSX staking, another item has been added to TSX token’s list of utilities.
The total supply of TSX is 100 million, out of which 22% (22 million) tokens have been reserved to be paid as staking rewards. These rewards will
