Wagerr is platform with distributed blockchain technology to betting.
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What is Wagerr
WAGERR IS A DECENTRALIZED SPORTSBOOK THAT CHANGES THE WAY THE WORLD BETS ON SPORTS.
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.
DetailsPublic sales: Jun 01, 2017 - Jun 25, 2017
Token supply: 170,000,000 WGR
Hard cap: 10,000,000 USD
Raised: 10,000,000 USD
LegalBlockchain Platform: Waves
Token infoTicker: WGR
Token price in USD: 1 WGR= 0.0550 USD
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.
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
75% - developers
10% - marketing
5% - legal
5% - accounting
5% - consultants
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.
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.
Wagerr implements a system to reward ambassadors for bringing new business to Wagerr.
Sports betting on Wagerr expands to include e-sports. Place bets on the next generation of professional digital gaming leagues.
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.
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.
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.
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.
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.
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.