ENDX:GO launches the world’s first esports exchange, a virtual esports ‘stock market’ game. This new platform is powered by Exberry and will allow fans to trade player tokens and capitalise on the future performance of professional esports players. Catering to a mobile-centric and dedicated audience, ENDX:GO is the future of esports player engagement.
ENDX enables sports fans to follow their favourite players even closer by trading on their future performances on the exchange. While building a portfolio of holdings out of the 150 best players in the world, users can organise community groups, called clans, and compete between themselves individually and clan vs clan, capitalising on their esports knowledge.
ENDX has built its exchange powered by Exberry’s 24/7 Matching & Trading engine. Exberry’s engine is the perfect match for ENDX as it allows for highly flexible asset trading and offers a very short time to market with immediate access to a fully functional sandbox and production sites. The engine is asset-agnostic, meaning integration was easy, and ENDX could use a DLT of their own choice. This was followed by a simple integration into wider exchange ecosystems using modern APIs. The cloud-native SaaS engine allowed ENDX to focus on building the platform while Exberry managed all the core trading functionalities. Another important factor was that Exberry’s services and scalable technologies meet stringent regulatory and compliance requirements.
Capitalise on your passion
On the exchange, users can trade the crypto-backed SFT (semi-fungible tokens) developed in-house by ENDX coupled with technology provided by Exberry. The price of the SFT is determined by the market, as traders base their expectations on the underlying player’s future performance. As the future performance of each player is highly unpredictable, each market participant (‘trader’) will invariably establish a different valuation for the various tokens at any point in time. The platform allows users to trade the tokens they hold in one specific player with other fans. The SFT is created and issued in initial public offerings, which are sold onto the ENDX trader market at an initial market price. The revenue is then split between esports players, teams, and ENDX. The SFT moves trading into a next-generation stock exchange-like environment.
