KiX Platform - Basics
Last updated
Last updated
KiX is a DeX listing ‘football tokens’ (DAT) representing some 70 footballers playing in the top football Leagues in Europe.
The price of these tokens is driven purely by trading activity through our AMM (automatic market maker). The demand for football tokens (DAT) will fluctuate as the performance of footballers varies. There's always a story in football!
The on-pitch performance of these 70 footballers is tracked by our oracle data provider GORA who generates on-chain performance scores as matches are played.
Performance Scores from matches played are aggregated into two ‘Game Groups’ each week (‘Tuesday-Friday’ & ‘Saturday-Monday’).
The best performing three players in each Game Group are awarded a podium place and take a share of the Winnings Pool. So there are six winning players each week.
There are TWO WAYS TO WIN:
Buy the footballer tokens (DAT) that you believe will perform well in matches and so take a podium places in future ‘Game Groups’ and share in the Winnings Pool .
Trade you ‘footballer tokens’ (DAT) easily and instantly on our DeX. They are not NFTs - there is always liquidity and you don’t have to wait for a buyer. Your second goal is to make a trading profit, so ‘Buy’ when they are ‘HOT’, and ‘Sell’ when they are ‘NOT’.
There is a great deal more that can be learned about our great concept in our KiX Protocol Gitbook. There is also an FAQ section on the KiX dApp.
