How TSE Works
TSE turns team performance and fan demand into on-chain value using three core mechanisms:
Scarcity: 21,000 Keys per team
Each team has a hard supply cap enforced by smart contracts.
No governance vote, admin, or company can increase the cap.
Bonding Curve AMM: Pricing & Liquidity
Keys are bought and sold directly against a bonding curve automated market maker.
As circulating supply rises, the marginal price of new Keys rises.
When Keys are sold, they are burned, and the marginal price falls along the same curve.
There is always a quoted buy and sell price – no order books, no waiting for counterparties.
Performance Pool: Merit-Linked Buybacks
30% of every Key purchase flows into a league-wide Performance Pool.
That pool continuously buys Keys of the best-performing teams, based on transparent performance scores.
This creates structural demand linked directly to real-world results.
On every buy:
67% of capital goes into a locked liquidity reserve backing the AMM.
30% goes into the Performance Pool for future buybacks.
3% funds protocol operations and ecosystem infrastructure.
On every sell:
Keys are burned, reducing circulating supply.
The AMM returns the corresponding amount of liquidity to the seller.
Over time, this creates a non-zero-sum sports market:
Participation strengthens liquidity.
Performance triggers demand, not wealth destruction.
Scarcity amplifies the effect of buybacks after drawdowns.
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