Dubai, UAE, Oct. 27, 2022 (GLOBE NEWSWIRE) —
AllStars Digital (ASD), the world’s first sports performance trading exchange, has announced its Initial Exchange Offering (IEO) for November 2, 2022. During the IEO, AllStars Digital will launch the AllStars Coin ($ASX), a platform-native blockchain-based token that will unlock a wide range of uses and opportunities for its holders. This news comes soon after the announcement of ASD’s partnership with BitMart, a leading cryptocurrency exchange platform, for listing $ASX and bringing its utility to users around the world.
ASD is revolutionizing sports-staking by using proprietary indices and real-time sports statistics to create performance-based prices for sports-focused digital assets. These offerings sit within an AllStars ecosystem which also includes fantasy gaming, NFT collections, a Metaverse sports exchange, and dApp games. This suite of offerings opens a world of new opportunities for sports fans and investors to ‘Watch, Trade and Earn’, with all of these capabilities enabled by the AllStars Coin.
AllStars Digital CEO Youssef Mechahouri said about the upcoming IEO: “$ASX will be the underlying currency of the amazing AllStars Digital trading exchange, but it will also bring users free access to AllStars’ fantasy sports contests, as well as entry into our exclusive mega-coin contests. As transaction volumes and revenues increase, ASD will buy back $ASX from the market to support and grow its value. By holding $ASX, fans and investors can also earn from special series NFTs and be a voice in DAO voting for NFT icon development as well as DeFi player listings. $ASX is a principal component of the ASD platform, and we are thrilled to now reach our IEO – a critical milestone on our project roadmap.”
According to Akash Gharu, the CPO of AllStars Digital: “Using proprietary technology that has already been successfully tried and tested by the AllStars team in traditional financial…
