PRNewswire reported on September 19 that blockchain sports betting startup Wagerr launched their “Direct-Chain” betting protocol on September 15. The launch marks the creation of an unrestricted, decentralized and globally accessible betting application, that will be widely available on both Android and the PC.
The service’s betting fee of just six percent on winnings means Wagerr users across the globe can securely place their bets against the blockchain, and get paid without a centralized authority.
The low fees allow Wagerr to offer competitive odds, and all WGR token users benefit from the betting activity, as half of the fee is burned to reduce outstanding supply, while 40 percent of the fee is distributed to active WGR Masternodes that secure the blockchain. This means that as betting activity goes up, the WGR supply becomes more deflationary.
at the moment we are launching our betting protocol on September 13th at 18:00 UTC featuring DIRECT-CHAIN betting (you can find details on our whitepaper https://t.co/aNlDCqkvlX) and the current fee for this feature breaks down as shown on the image pic.twitter.com/DphpO40yxw
— Wagerr (@wagerrx) September 12, 2018
Wagerr is a decentralized sportsbook aimed at bringing trustless sports betting to the entire world. The platform uses a decentralized blockchain to deliver secure, private and safe sports betting on a global scale, elevating the whole sports betting industry. Using Wagerr is easy, fair, secure, and accessible.
Sports betting generates massive revenues each year. People wager, whether legally or not. Bettors, however, face issues with their past-time, such as a lack of trust, lack of fairness, poor or no availability to them and security mishaps, among others.
Wagerr tackles these issues using blockchain technology, leveraging its power to execute betting contracts, escrow stakes, verify results and pay winners. By eliminating central authority, Wagerr solves many issues in the industry and reduces risk and corruption. The result is unprecedented transparency of operations and a positive user experience.
The firm marked another milestone on September 15 with the launch of the world’s first global, unrestricted and provably fair betting market. The first event on the blockchain was the boxing match between Canelo Alvarez and Gennady Golovkin.
Wagerr looks poised to disrupt the betting industry and become a leader in the world of sports betting.
David Mah, Wagerr’s Founder and CEO, gave his statement about the launch, saying:
“Wagerr enables the whole world to bet safely on their favorite sports. We gave considerable thought to ‘tokenomics’ to optimize network value. And we are committed to a great user experience, leading to a vibrant community. Good luck and have fun!”
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