Allstars Fantasy: Football on the blockchain.
The Uefa Champion’s league is one of the most beloved gaming events in the world, though it’s only for teams in Europe, it is so loved that it averages over 400 million views yearly.
Though we aren’t here to discuss UEFA but something much more exciting, so let us talk about football on the blockchain.
Hello there blockchain gaming fans, Otto11 here again, and present to you Allstars Fantasy, we will be taking it apart piece by piece and looking at …
Introduction to Fantasy sports.
What is Allstars Fantasy?
Getting started (How it works).
Ecosystem.
Conclusion.
Introduction to Fantasy sport
Fantasy sports
A fantasy sport is a form of the game that is frequently played online in which players put together fictional or virtual teams made up of stand-ins for actual professional athletes. Based on how those players performed statistically in real games, these teams compete. This performance is translated into points, which are tallied and summed following a roster chosen by the manager of each fantasy club. These point systems may be straightforward enough for a “league commissioner” to calculate manually, or they may be compiled and calculated by computers that track the actual outcomes of the professional sport. Similar to real sports, club owners in fantasy sports draft, trade, and drop players.
In some cases, though fantasy sport shares a few properties with eSports (electronic sports), the definition that best describes esports is: It is a video game-based competition. esports frequently take the shape of planned, competitive multiplayer video games, especially involving professional players, either individually or in teams.
Above both genres establish that the players usually play to earn either points or other forms of rewards.
What is Allstars Fantasy?
It is an online sporting and gaming platform built on the blockchain, it is a free-to-play (F2P) play-to-earn (P2E) game built on the polygon chain.
Allstars Fantasy Coin (AFC) is the native token of the Allstars fantasy ecosystem, the coin is used to compete in competitions and also serves as a reward for competitors as the token would help provide engagements within the gaming ecosystem.
Getting started (How it works).
Street football and beach soccer, are sub-genres of football or soccer, and unlike the parent that requires 11 players and 5 substitutes, Allstars fantasy requires the user to pick 7 players, 5 on the field of play (including the captain), and 2 as substitutes.
Choosing your Squad:
The user picks their seven favorite players to build the desired team, then they choose their starting 5 Allstars to compete.
A set of the team is created every week to demonstrate your management abilities.
Buying AFC and funding your in-game wallet:
The Allstar Fantasy Coins (AFC) would be made available on exchanges and from popular DEXs, and on-site payment processors would also be made available.
The purpose for this is because AFC would be used to stake by competitors.
Compete to win:
In public pools, compete against the top managers, join in private tournaments, compete against your friends and family, earn and have fun.
Ecosystem.
Fundamentally, the term “ecosystem” refers to a collection of components capable of interacting with one another and their environment to produce a set with desirable unique characteristics. A blockchain ecosystem can also be described as the established governance structure for a particular use case.
Staking:
This feature works when users stake their assets to earn passively, this is carried out by written smart contracts that have been programmed to carry out the task.
Staking is the process of locking up cryptocurrency assets for a predetermined amount of time to maintain a blockchain’s operation. By staking your AFC, you smartly invested in increasing your earnings.
It is recommended for long-term cryptocurrency owners who staking as a means to put their holdings to use by producing rewards rather than letting them sit dormant in their wallets.
Providing Liquidity:
For traders to trade between assets, the Allstars fantasy liquidity pool creates asset liquidity, a function that gives the AFC ecosystem much-needed convenience.
Governance:
When we consider governance and governance tokens we understand them as an alternative form of organization within the project as a whole.
The approach that governance tokens stand to give a more fair, decentralized, and transparent governance system and are typical for decentralized autonomous organizations (DAOs) and a focus on the decentralized finance (DeFi) aspect of Allstars football fantasy.
Conclusion-
Allstars fantasy promises an exciting experience and to reference its whitepaper, the project promises to also be very profitable.
Another point is there may be the possibility of a Governance token being launched shortly.