What is SRZ and what does it solve?
SRZ is the utility token at the heart of the Starzz ecosystem, designed to facilitate interactions within a network that includes entities like Starzz LLC, Bittrade LLC, and Supporterzz LLC. The token’s primary role is to enable the acquisition of Champion tokens, which are associated with various sports clubs, athletes, and celebrities within the platform. These Champion tokens grant survey points to holders and are traded on a decentralized exchange.
The Starzz ecosystem aims to tackle the challenges of fan engagement and recognition in the entertainment and sports industries. It provides a structured approach to reward fan contributions and enhance their involvement in the decision-making processes of their idols, referred to as Champions. By centralizing fan interactions on the Supporterzz.com platform, it also streamlines community management across different channels. Essentially, SRZ is a tool that bridges the gap between fans and Champions, fostering a more interactive and rewarding relationship.
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- Token name: STARZZ
- Token symbol: $SRZ
- Total supply: 1,000,000,000
- Total circulation Supply: 1,000,000,000
- Trading pair: SRZ / USDT
- Trade time: 2023/10/27 18:00（UTC+8）
- Withdrawal time: 2023/10/27 18:00（UTC+8）
What are the utilities of SRZ?
The SRZ token within the Starzz ecosystem serves as a utility token with specific functions rather than as a payment currency. Here are the utilities and functionalities of the SRZ token as outlined in the document:
- Acquisition of Champion Tokens: SRZ is used to acquire Champion tokens, which are unique to each partnering Champion within the ecosystem. These tokens offer survey points to holders and are traded on the decentralized exchange against SRZ tokens.
- Part of a Monetization Strategy: Transaction fees from trading SRZ/Champion token pairs are a fundamental part of the ecosystem’s monetization. This creates an economic model based on supply and demand principles, aiming to sustain a healthy economy within the platform.
- NFT and Metaverse Integration: SRZ is involved in the ecosystem’s NFT strategy, with a competitive service fee structure for minting. It also plays a role in the metaverse and streaming ticketing services provided by the platform.
- Community Pool Awards: SRZ tokens are distributed as awards from the Community pool, which is reserved in the token distribution. Users can earn these tokens as part of the platform’s gamification strategy, advancing in ranks and collecting points.
- Revenue Generation for Champions: Champions benefit financially from the sale of fan tokens, retaining up to 50% of the proceeds, which is facilitated by the SRZ token.
- Token Sale and Distribution: SRZ tokens were released on the Polygon blockchain following the ERC20 standard, with a specific portion allocated for sale during the token sale stages.
What does the project ecosystem include?
The Starzz project ecosystem is a comprehensive blockchain-based platform aimed at revolutionizing fan and crowd management for Champions—sports clubs, athletes, celebrities, and other public figures—and their fans. The ecosystem is built on two central pillars:
- The Supporterzz.com Platform: This platform is designed to provide an extensive infrastructure for crowd- and fanbase management. It offers a suite of tools for advanced interaction, including social media features, streaming, incentive programs, ticketing and renting services, product and service listings on a marketplace, and NFT listings. The platform aims to pack all possible features offered by traditional social media solutions into one centralized point of interaction for Champions and their communities.
- The Decentralized Exchange: This serves as a launchpad for Champion tokens and as an exchange medium for the native SRZ token to Champion tokens. It is a key component of the ecosystem, facilitating the trading and liquidity of Champion tokens.
The ecosystem’s development is funded through an ICO, with a significant portion of the proceeds allocated to technical development, marketing, legal fees, and corporate structuring. The roadmap for the ecosystem includes milestones such as the launch of the Supporterzz platform, the decentralized exchange, and the onboarding of Champion tokens.
In essence, the Starzz ecosystem is designed to bring the interaction between Champions and their fans to a new level by enabling direct participation in decision-making through tokenized survey points. It also provides Champions with new monetization avenues, fanbase management tools, and community empowerment opportunities. The ecosystem’s robust structure and diverse functionalities aim to create a unique and engaging environment for all stakeholders involved.
SRZ Official Media
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