TokenStars is the first celebrity management platform on the blockchain. TEAM by Token Stars connects rising talents and successful PROs in sports and entertainment with fans and advertisers.
How TokenStars Works
Fans support future stars by buying tokens. A rising star receives money to train and improve the skills. When successful, the star pays the platform commission from the sponsorship deals and price money. The commission is paid in tokens, which are bought on the market. During the growth period, which is four years in tennis and zero in poker, the fans can redeem tokens for various services provided by the rising stars.
For example, when the fans support 14-year old ‘Maria Sharapova’ and she wins Wimbledon at 17, the platform receives 30% of commission paid in tokens.
Star ICO Module: Tokenizing Time
As a star, you have the opportunity to conduct your own ICO and get upfront payment for various exclusive communications with your fans. These can be in the form of locker-room tours, dinners, chats, and merchandize. Some of the offers may be sold at auctions while offers such as video chats have unlimited number of participants.
Celebrity time is a precious and limited resource, which is a fundamental growth factor. For instance, an Olympic champion can pre-sell 50 hours of his or her communications with the fans, who redeem tokens on a one-on-one training with the star, VIP dinner, a video chat, or other exclusive offers.
In the second stage of tokenizing time, the TokenStars platform will help you as a star to tokenize your income. As a rising star, you might sign a binding agreement, which grants a certain percentage of future personal incomes in exchange for upfront payment. This will give your token some level of security.
Therefore, before launching this module, the platform will have to implement a proper registration and legal framework. For instance, a penniless Hollywood star can tokenize 20 percent of his or her future income in exchange for fans’ support today. If he or she makes a hit movie in future, he or she will pay out 20 percent of his income in tokens.
TokenStars Scouting Module: Finding the Players
On TokenStars, fans can earn rewards for their work as scouts. Scouts find promising young talents around the world. They submit applications, assess talents, and help negotiate the terms of the deals. They receive their rewards in tokens.
For example, if as a scout you notice a promising young football player, you can submit the application to the platform and receive $10,000 as payment in tokens.
TokenStars Voting Module
In this module, the platform will hold votes among token holders on the significant decisions including approving new players or renewing the Head of Scouting contract. As a star, you can hold votes that everyone can trust. For example, a pop star can hold votes among the fans about what to wear when going for a date or what to order at a restaurant. In the end, the star gets higher engagement and publicity.
Other modules that you can explore on the TokenStars platform include betting module, contests and charity module, e-commerce module, brands relation module, and advertising smart contracts module.