Trading Tokens vs Collecting NFTs
Last updated
Last updated
Our mission is to provide an exciting trading experience. In football there is always a story, it's a constant flywheel of news and magical performances creating endless waves of tradeable data. Reactions need to be fast - buy/sell, in and out - anticipating form and the direction of the market. Buy the rumour and sell the news. You want to be able to spend exactly the amount you want on a footballer instantly at any time 24/7, and crucially be able to sell instantly into a liquid market as the price swings in your favour. One footballer, one price!
This is in contrast to a more sedate NFT collectibles market, with multiple prices for footballers depending on their rarity, and a bewildering number of competitions that one might enter. A purchase in the secondary market is only possible if a collector has put a card up for sale, and then you can only get that specific one which may cost more, or indeed less than you had wanted to spend on that particular footballer.
All our DAT footballer tokens are unique collectibles and fungible at a collection level. Lets explore what this means a little; Footballer DATs are NFT's and are therefore unique, however each footballer is considered a collection in their own right and the price of the collection is singular. If the collection is singular then all the 1M NFT's within the collection all have the same price, this concept is called semi-fungibility and uses the convention.
With one single price for a Footballer DAT, all of them that are owned by our traders are eligible to play the game. At the point of launch, the KiX platform will not have multiple competitions and you don't need to find a winning team; the only thing you will need to do is to submit your players that you want to include in the winnings during each and every Game Group to be one of three winning podium places.
The collectibles market is great for people that like collecting and the sector is worth some $12bn. Whereas crypto traders of fungible tokens have created a market in excess of $1trn.
Trading fungible tokens gives traders far more functionality and flexibility than the NFT alternative.
* PLEASE NOTE: Under regulation KiX is not offered or promoted to UK users or residents. *