Ⅰ. Pain points in the financial market behind sports competitions
The development of the sport competition has followed the times from simple poker to traditional horse racing, and then sports betting. With the diversification of sports competition game projects and transactions, this traditional classic centralized trading model is increasingly criticized by users. The online sports gaming industry is often subject to allegations of fraud and cheating by players and business managers, partly due to the high demand for sports games, partly due to the high risk of centralized sites, and concerns about the privacy and fairness of centralized trading are always present throughout the rules of the sports game. Although attempts have been made to improve the risks of the sports game trading system in terms of transaction controls, increased oversight and the use of science and technology, as long as the sports game industry remains based around a centralized trading model, institutional and technological innovation will not solve the fundamental problem. As these measures can not regulate the many aspects of the centralized competition sports game business. The only way to eliminate the risk of participation is to remove the centralized model of trading.
II. WHTST Centerpiece
As a sports aggregation community built by the world's top talents in blockchain and finance, and with a fully autonomous DAO governance model, WHTST is building an autonomous decentralized integrated ecosystem for the global sports community users, and relying on the powerful underlying blockchain application technology and rich product features of the community, allowing decentralization to bring out the maximum application value.
The actual needs of people at different stages cover the whole process of evolution from living, activities, sports and athletics to sports. It is based on the actual needs of people at different stages, based on the global mobile computing network, guided by the core vision of WHTST — the global top event financial arbitrage platform, through the new information service system of "connection + computing power + capability", and relying on "sports + technology + integration and innovation", WHTST aims to create a sports metaverse for the whole scenario and space-time sports content of global sports. Through the introduction of blockchain technology, WHTST will solve the basic problems of difficult chip delivery, lack of credibility and high payment costs in the current competitive sports game industry, and to create a widely accessible online competitive sports game/ arbitrage financial game ecosystem through the establishment of an open source competitive game / arbitrage financial game developer platform. WHTST aims to create a new blockchain-based gaming ecosystem, and has been working with partners in practice to continuously try and improve it. WHTST is a blockchain-based gaming ecosystem, and has accumulated a wealth of experience in blockchain traditional games, ensuring the stability of WHTST's operations on the one hand, and preparing for a long-term open development platform on the other. WHTST builds a metaverse belonging to sports and athletics through blockchain is William Hill's sports event arbitrage platform that empowers a metaverse of ecological applications such as Web3.0, GameFi, digital currency insurance, digital currency funds, digital currency banking and other ecological values. In terms of Token Economy Model (Tokenomic), TST is a community governance token issued by WHTST based on the Binance Smartchain BEP20 protocol standard. TST is the fuel fee for blockchain sports arbitrage profitability, and all consumption in the metaverse world requires TST as an application token. Holding TST as a DAO organization token allows you to participate in community governance, and holding tokens or miners has voting rights. The higher the value of the holding, the higher the voting weight.
Ⅲ.TST token value
TST token is a high-value circulating asset. The ultimate vision of TST is to maximize the full range of value in the WHTST ecology, including payments, communications, transactions and pledges, and to break through various key technologies in the value transfer network. In the first stage, with the technical support of Binance chain, through the TST ecological model and mining mechanism, corresponding token are generated, and incentives and circulation are realized within this value system. The token mechanism is introduced in the incentive layer to achieve the purpose of a flexible consensus mechanism for the public chain ecology, and to create a network effect for TST to increase value by stimulating the community to maintain the public chain and develop DAPP applications on the chain.