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Wagerr (WGR)

ICO

Wagerr is platform with distributed blockchain technology to betting.

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Overview

Project industryGambling & Betting
Product typePlatform
FoundedBelize

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What is Wagerr

WAGERR IS A DECENTRALIZED SPORTSBOOK THAT CHANGES THE WAY THE WORLD BETS ON SPORTS.

  • Free of all regulatory bodies
  • Decentralized user to user betting
  • Value Coupling Token
  • Wagerr is a decentralized sportsbook that brings trustless sportsbetting to the entire world. Due to its strict use of Application Specific Smart Contracts (ASSC) and 2nd layer network controlled by Oracle Masternodes, Wagerr solves the security, scaling and incentive issues that have plagued smart contracts since their inception. Additionally, Wagerr combines leaps in technical design with an economic linkage that creates a deflationary, and self regulating economy. Through decentralized governance and contract fees, structural mechanisms balance Wagerr’s token value by dynamically adjusting supply based on the current exchange rate and betting volume within the Wagerr network.

    Wagerr does this all while avoiding single points of failure and implementing a network and system that is fully decentralized.

    Details

    Public sales: Jun 01, 2017 - Jun 25, 2017
    Token supply: 170,000,000 WGR
    Hard cap: 10,000,000 USD
    Raised: 10,000,000 USD

    Legal

    Blockchain Platform: Waves

    Token info

    Ticker: WGR
    Type: Utility-token
    Token price in USD: 1 WGR= 0.0550 USD
    Bonus program:
    Wagerr designed the bonus structure to incentivize participants that buy in to continue promoting the offering even after they buy. Wagerr achieves this through having the bonuses be dependent on the later rounds success. With up to 20 rounds of sales, a progressive bonus system rewards early adopters while encouraging word of mouth marketing and the complete sale of each round. Participants in each round win a 1% bonus at the completion of subsequent rounds. For example, Round 1 participants win a total 4% bonus at the completion of Round 5.. Participants in Rounds 6-10 also have a chance to win Golden Tickets. 150,000 coins are allocated for this special random bonus.
    Token distribution:
    85% of Available coins are for sale open to the public
    4% of Available coins are reserved for bonuses
    8% of Available coins are escrowed for the Developers
    3% of Available coins are allocated for marketing
    Funds allocation:
    75% - developers
    10% - marketing
    5% - legal
    5% - accounting
    5% - consultants

    Wagerr Roadmap

    1
    Late Q3 2017 Testnet Release

    The Wagerr testnet deploys, allowing players to preview Head to Head bet matching and general wallet functions. Oracle Masternode owners can become familiar with their operation and test different configurations for best results.

    2
    Q4 2017 Head to Head Betting

    The blockchain mediates bets between two players taking opposite sides on upcoming sporting events. The fee for an executed contract is 2% of the payout. 1% goes to the processing Oracle and 1% gets burned.

    3
    Late Q4 2017 Affiliate referral system

    Wagerr implements a system to reward ambassadors for bringing new business to Wagerr.

    4
    Late Q4 2017 eSports betting

    Sports betting on Wagerr expands to include e-sports. Place bets on the next generation of professional digital gaming leagues.

    5
    Q1 2018 MultiUser

    To make it easier to find and fulfill more bets on low volume events, the system allows multiple players to be paired against a single bettor. This ensures that large bets do not require an exact match to forge a contract. The fee for this transaction is 4 percent. 2% of the fee goes to the Oracle processing the transaction and 2% gets burned.

    6
    Late Q1 2018 Challenge/Rematch Add-on

    The Challenge and Rematch system allows the player to message previous betting partners, issue challenges, and ask for rematches. This expands on the concept of an address book by allowing users to see, track, and rematch past players and easily invite friends to use Wagerr to bet against one another.

    7
    Q2 2018 Direct Chain

    Wagerr gives the player the option to forgo looking for a match and bet directly against the chain, which takes the other side of the bet automatically. The fee for this transaction is 6 percent. 3% of the fee goes to the Oracle Masternode that processes the request and 3% is automatically burned.

    8
    Q2 2018 Dynamic Odds

    For Direct on Chain betting, Wagerr incentivizes betting on the other side when one side gets overweighted. This self-regulating feature of the blockchain minimizes network payout liability.

    9
    Q4 2018 Live betting

    Wagerr opens to bets on games in progress. Users can take real time lines to bet on who will score next, the score at end of quarter/period, the number of offsides or penalties in the game. Odds adjust dynamically to balance betting volume and direction.

    10
    Late Q4 2018 In-wallet currency interchange

    Wagerr adds currency interchange capacity directly within the modern wallet. This functionality facilitates entry to the Wagerr network and exit to Bitcoin, alts, or fiat.

    11
    Various updates Q3 2019
  • Fully decentralized weekly masternode reward payouts
  • Optimize database: more information; less storage
  • Searchable betting analytics on Wagerr block explorer
  • Masternode management via Electron Wallet
  • 12
    Bet anywhere Q4 2019
  • In-wallet BTC/WGR purchasing
  • wagerr.com: Betting on Wagerr blockchain. Any device, anywhere.
  • Multisport on-chain parlays
  • On-chain betting data optimization
  • eSport betting market
  • 13
    Head to Head Q1 2020
  • Head-to-Head bet exchange (alpha)
  • WGR hardware wallet integration
  • Consensus-based odds updating
  • 14
    Further upgrades Q2 2020
  • Launch H2H bet exchange
  • Upgrade core Wagerr code
  • Token-based betting code upgrades data handling
  • Consensus-based event resulting
  • Masternode network accelerates confirmation times
  • Volatility-sheltered stable token on WGR blockchain
  • Project team

    David Mah
    David Mah
    CEo
    JM Maradiaga
    JM Maradiaga
    CMo
    Robert Christensen
    Robert Christensen
    Lead Developer
    Thomas McLaughlin
    Thomas McLaughlin
    Support Administrator
    John Choi
    John Choi
    Full Stack Developer
    Frank Gadea
    Frank Gadea
    Senior Advisor

    Social media

    Wagerr web-siteWagerr RedditWagerr TelegramWagerr TwitterWagerr FacebookWagerr DiscordWagerr SlackWagerr Github

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