Fans support future stars by buying tokens. A rising star receives money to train, improve the skills. When successful, the star pays the platform commission from the sponsorship deals and prize money. Commission is paid in tokens, which are bought on the market.
During the growth period (which is 4 years in tennis, 0 in poker) the fans can redeem tokens for various services, provided by the rising stars.
Fans support 14-year old ‘Maria Sharapova’, she wins Wimbledon at 17. The platform receives 30% commission, paid in tokens.
Star ICO Module: tokenizing time
The star conducts his personal ICO, gets upfront payment for various exclusive communications with the fans (locker-room tour, dinners, chats, merchandize).
Some offers are sold at auctions. Offers like video chats have unlimited number of participants. Celebrity time is a precious and limited resource. Which is a fundamental growth factor.
‘An Olympic champion’ presells 50 hours of his communications with the fans, who redeem tokens on 1 on 1 training with the star, VIP dinner, a video chat and other exclusive offers.
Star ICO Module: tokenizing income
At a stage II after tokenizing time, TokenStars platform will help stars tokenize their income. A rising star might sign a binding agreement which grants certain percentage of future personal incomes in return for upfront payment.
This will most likely make the token a security token. So, the proper registration and legal framework will need to be implemented before launching this module.
‘Hollywood star’ is penniless after the divorce and rehab. He tokenizes 20% of his future incomes in return for fans’ support today. He makes a hit movie, pays out 20% in tokens.
Scouting Module — Find the players
Fans can earn rewards for their work as scouts. Scouts look for promising young talent around the world, submit applications, help assess the talents, help negotiate the terms of the deals. The rewards are paid in tokens.
‘Juan’ noticed a promising young football player, submitted the application to the platform and received $10K payment in tokens.
The platform will hold votes among token holders on the significant decisions (approving new players, renewing the Head of Scouting contract).
Stars might hold votes which everyone can trust. E.g. а ‘live Tamagotchi’ can be implemented when fans vote for actions.
A ‘pop-star’ holds votes among the fans about what to wear to a date, what to order at a restaurant, and gets higher engagement and publicity.
- Pavel Stukolov — CEO
- Evgeniy Potapov — CTO
- Aler Denisov — Smart-contract Developer
- Timur Gavrilov — Head of Product
- Irina Shashkina — Marketing Director
- Michael Zak — COO, Head of Celebrities ICO
- Madina Hooke — Head of Sponsorships
- Mikhailius Derkach — Design advisor
- Nick Grigoriev — Head of Support
- Lena Mintz — Head of PR
- Irina Soshinskaya — Localization manager