The team behind this token have also developed a very popular football application for mobile phones. Their social based application for football fans is home to 50 million users who utilize it to get news about their favorite teams.
So, they have decided to expand upon their offering by tokenizing. While their plans have not totally taken shape yet, as this is a very new asset, they do have plans to implement a full trading platform around various sports which will allow for intellectual property trading and betting against outcomes.
Investors should be aware that this is a relatively new and unproven asset, as such it carries much more risk than many other investment options. If you plan to make an All Sports investment, then you should be sure to only dedicate a small portion of your portfolio to these riskier new assets in order to protect your capital.
However, if you do so safely, then this could be an interesting addition to your portfolio that could prove quite lucrative in the near future.How to buy?
Potential investors can buy All Sports on a handful of smaller exchanges, but they seem to be lacking in a high volume option here. The market cap is pretty small for this asset, and investors should understand that assets such as these often carry more risks than higher market cap projects, which are often more proven in their process. Bitcoin is the highest volume trading pair here, but there is also ample volume in Ethereum and the US Dollar tether.
This is an Ethereum based asset. Investors who are interested in placing their capital here will need an ERC20 compatible wallet in order to safely store their tokens. It's important that you never leave your investment on an exchange, as they are often not very secure. Instead, utilize something like a Trezor hardware wallet or even a web wallet like Meta Mask. Anything that you own the private key for is preferable to keeping money on an exchange.