AllStars Trader Africa, a sports-stock trading platform, has empowered over 100 Nigerians with financial aid of over $2,000 as cash prizes through its newly-launched app in its efforts to contribute to wealth creation and economic boom.
This was at the recent launch of the AllStars Trader App, a revolutionary platform that allows people to participate in the success of their football stars.
Speaking to newsmen about the occasion which was held in Lagos, Mr. Davies Babalola, the country director for AllStars Trader Africa, said what they have done is to allow Africans, especially Nigerians, to earn money from their passion.
The event was well attended by top sports journalists like Deji Omotoyinbo, Godwin Enakhena, Jide Olaniran, Babatunde Koiki and the likes, and hosted TV giants Supersport and TVC.
He emphasised: “We want them to channel the same passion they use to support their football stars like Ronaldo, Messi, Neymar which has made these stars billionaires, to now share in their success.
“Before now, they have never had the privilege to earn even 1 dollar on their favourite stars.
“We’ve given them the opportunity to make money by trading on their football stars while they perform their best on the pitch.
“So, what we’ve done is to create a revolutionary platform. Imagine the beauty of making money on 22 individual players on a live match and not bothered about whose club wins or loses?
“With this new innovation, the outcome of a match doesn’t matter anymore, only the knowledge of the football stars does.”
How it works
With the app powered by the ADRIXTM Technology, “Our artificial intelligence gathers real-time data from sports’ analytics companies and vendors and puts up a pricing model that allows us to put a price on all the players”, says Davies Babalola.
According to the director, every football star on its platform starts at $10 per share and are on a perpetual future based on the players performance, and there are over 4,000 players priced across various leagues.
He continued: “People can now buy or sell individual players the same way they trade traditional products such as FX, commodities, equities, and the likes. It’s an opportunity to make money.
With persons from age 18 and above qualified to participate worldwide, Babalola instructed prospective traders to go on the Google play store and search for the app “Allstars Trader”.
“Signup on the app, get your verification done, and you’re good to go,” he said.
He added: “And with our state-of-the-art training facility in Lagos, and the robust education provided, we guide new and existing traders on how best to use the platform and take full advantage of all that this revolutionary product offers.”
Unperturbed by news that mobile apps are easily hacked, Babalola assured Nigerians that its system is carefully designed and they have the latest technological security solutions manning it.
Speaking on the cash prizes, the director recalled that they organized a competition for 1,000 Nigerians to test their products before they released it.
“So, we gave every Nigerian who joined the competition 50 dollars for them to trade their football stars, and the top winners from 1-10 position got some prizes for it.
First place got $1,000, second $500, the third received $250, $100, and $50 to several others,” he listed.
In his remarks, the Senior Growth Specialist in AllStars Trader Africa, Oluwatoyosi Akin-Paul, outlined that this is something new and exciting, and he’s certain that everyone would eventually want to be a part of.
“Everyone knows that you can’t just have one source of income in this day and age. You must always have something else that brings income, something you can fall back on.
“You’re already watching these matches, you’re already into football, why not make some money doing what you’re already doing, what you’re already passionate about,” says Akin-Paul.
While encouraging multiple streams of income, the specialist conceded that when people earn, they are able to invest back into the economy.
“This will help them as individuals and also the nation collectively because that’s when people will be able to pay their taxes and other things freely,” noted Akin-Paul.