A platform to enable tournaments testing financial skills is set to be licensed by the Malta Gaming Authority. TraderStars.io is providing a system whereby participants will not risk their money; rather, a small participation fee and prize pool are agreed to in advance, with clear rules and terms defined. Traders compete against other participants from around the world, not against the market, and can choose to participate in tournaments that suit their knowledge, skills, desired fee, and prize potential.
Competing in set tournaments using virtual money and real market data, winners will be awarded from a shared prize pool and can play in multiple tournaments across different markets at the same time. The platform will be using Blockchain technology and a dedicated token to ensure auditability, transparency, quality and assure enforcement of fair terms and results.
Another focus of the platform is to build a community that shares knowledge and competes in a fair and transparent environment that rewards talent and skill. The company hopes to be able to reach out to over 4 million global FX traders and a billion gamers to engage a global market.
Tomasz Szymanski, Co-Founder and CEO TraderStars.io, said: “TraderStars.io is bringing a new element to both the gaming and the trading ecosystems while also bringing a new dynamic to the risks and returns involved. Let’s just say it’s is a very exciting time to launch a platform like this. As technological and regulatory barriers are rapidly changing, TraderStars.io offers a unique opportunity to anyone interested in learning about financial markets and investing. Irrespective of their background or education, they can now potentially earn large rewards in an entertaining and dynamic environment,”
TraderStars.io operates a simple user interface where participants create their own account and make an Ethereum deposit via an established payment processor. It is available in any country through desktop, mobile phones, and tablets in a variety of languages. With the gaming industry expected to grow to $90 billion by 2020, TraderStars.io is looking to bring a new type of gaming and play a significant role in the growth of the gaming industry and financial trading. TraderStars.io is planning a Blockchain token release and sale later this year.