You find detailed analysis and review about SolSports Project $TOKENS in this article. It contains team, tokenomics and technical evaluations.
They describe themselves:
SolSports is a decentralized bet-maker, tournament organizer and NFT marketplace for the E-sports community and is built on Solana.
Project name: SolSports
Contract address: 0xc2b9c578b40de3e41680721AD834AB5842cAdEE8
Token type: BEP-20
Total supply: 100.000.000 TOKENS
Launchpad: Unicrypt Network (PancakeswapV2)
Presales have some risks. Please DYOR (do your own research)
|Liquidity Lock Rate||40% BNB raised liquidity lock|
time: 6 months
|Participation||Private-only whitelisted accounts|
|Min-Max Spend per Account||max 4 BNB|
|Presale price||5.000 TOKENS / per BNB|
|Listing price||5.000 TOKENS / per BNB|
|Start||Tue 8 Jun 21:33|
|End||Sun 13 Jun 21:33|
Circulating/other 5,250,000(5.2%) tokens: Team claims that it will be used 1,000,000 for airdrop+4,250,000 marketing
It is good
- Audit by Solid, click for report
- No high severity issues
- No mint function
- Small circulating/other wallet (marketing, airdrop, team, etc)
It is not good
- No KYC
About the team
From White Paper
SolSports is a decentralized platform built on the Solana Network. It’s products: BetMaker, PitchBet, E-Sports Organizer and NFT Marketplace
- BetMaker: BetMaker is Solsports’ decentralized peer to peer bet-making engine. BetMaker will be compatible with the world’s favorite e-sport games that have a suitable API to pull results from. We have identified 16 games that we will integrate with such as Dota 2, Valorant, CounterStrike: Global Offensive, and HearthStone. The other 12 games will be revealed through partnership announcements with influencers.
- BetMaker will facilitate P2P bet-making on any live game, and allow players to bet on their favourite e-sport players as spectators too.
- PitchBet: PitchBet is a logical complimentary product to BetMaker. PitchBet allows bet-makers with successful betting track-records to make their bets public, which other players can then piggy-back on.
- E-Sports Organizer: It facilitates decentralized tournament creation, and validates results using the same core engine as BetMaker.
- NFT Marketplace
Why Solana Blockchain?
Solana is a blockchain network focused on fast transactions and high throughput. The chain merged the low transaction cost of BSC, with the decentralization of Ethereum.
Prior to Solana, it was not feasible to query an API fast enough to a make a pleasant user experience for betting. Pay-outs should be close to instant, and the platform should be able to accommodate multiple requests simultaneously. Solana’s fast transaction speeds and low transaction costs make this a non-issue. Game API’s are now open for business for the decentralized world.
A Hybrid Token Sale: Both at Solana and BSC. Round 1 of the token sale will happen on Binance Smart Chain (BSC). Round 2 of the SolSports token sale will happen traditionally on the Solana Network. Both rounds are open to the public through a whitelist lottery.
How will both Solana and BSC be? Confused?
TOKENS(BEP-20 token) holders have the option to swap for the SPL token on a 1:1 basis through a migration tool, after completion of Round 2.
What will the migration be like?
The SPL tokens have been minted and tokens locked in Bonfida vesting contracts in accordance with token allocations.
Tokenomics: 73% of total supply was burned. Team holds 5.2% of total supply.
It has Audit by Solid. It is very good indicator.
The presale price is the same as the listing price. The advantage of having a cheaper presale price attracts people. On the other hand, it prevents presale buyers to sell at the beginnig of the market. So price doesn’t decrease.
SolSports will build a BetMaker, Tournament Organizer and NFT marketplace in E-sports using Blockchain technology. It aims to bring the E-sports space together with blockchain. I don’t need to explain how E-sports is a growing space.
SolSports will build a BetMaker, Tournament Organizer and NFT marketplace in E-sports using Blockchain technology. It aims to bring the E-sports space together with blockchain.Tweet
While researching SolSports, the first question came to my mind: Why don’t they make their products on BSC or Ethereum? Why are they using the Solana blockchain?
As I continued my research, I found the answers to these questions. The most effective and efficient blockchain for SolSports’ products is Solana. Because Solana’s difference from other blockchains is that it performs a large number of transactions very quickly.
When you look at the documents, you realize that the team worked hard for the project. They have done good research on their products. There is detailed information about projects, check docs.
If team creates products, the token will have a wide range of usage. We can say that $TOKEN may come to very good places in the future, if products will be created.
1529 BNB collected from 1136 participants. Reached softcap.Success