The Wagerr token has done really well over the past week, going up nearly 60% over the period. If you're not familiar with it, Wagerr's a Sports Betting Blockchain Project that will allow you to bypass the bookies and bet head to head with other punters. The promise being tighter spreads and fairer odds (?).
There are a lot of good write-ups on Steemit analyzing the promise of Wagerr, like this one by @costanza, so i won't elaborate more on them. In full disclosure, i invested in the ICO and have a node running, so i do think it has some promise. I do get frustrated by the team's lack of communication at times but so far, they haven't disappointed me too much otherwise.
What's the reason for the pump
It's probably got all to do with an email that the CEO sent out yesterday, writing that Wagerr will be ready for World Cup 2018, that starts in the middle of June. More accurately, the oracle feature (equivalent to witnesses on Steemit) won't actually go live in time for the World Cup. Instead, all the Oracles will be controlled by the Wagerr team and the profits from collecting betting fees will be shared among the existing nodes that are run by investors.
I was looking for some concrete numbers on how much is actually wagered during a World Cup, but there wasn't anything from the official sources like FIFA. According to AlphaSportsBetting, the amount could be around $36 billion. That's a pretty decent sum to take fees on.
In any case, if they actually deliver a product, i hope they can crack the top 80 or top 100 in terms of market capitalization. Fingers crossed!
Not investment advice by any means. There are a lot of competitors out there and you also need to have faith that the Wagerr team will deliver.
Really liked Wagerr, thought the branding was excellent and the vision was very good. Then like you said we have hit some problems, first the Mayweather payout fiasco, which I thought was a big distraction to do anyway. Then the delays, I was really thinking they couldn't deliver. We got the main net launched but it really is just a clone of PIVX, I know they have said there is more to it than that. They constantly miss deadlines and the World Cup is not far away, I think they will have to have centralised Oracles for that, because I believe Oracles will be hard to actually get working, well the number they are proposing to have. The new token isn't on any Exchanges I believe, so you can't trade out unless you haven't done the swap, so still very worried about this project, but hoping it will come good.
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Yeah there have been a lot of screw-ups and not enough communication along the way. I was worried when that mail about Belize came, that they were going to do a McAfee.
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Perfectly summed up this project, the team is really an issue and it feels like all they do is come out with temporary distractions while they are still far off from an actual product. I'm still hoping though.
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Nice to see more sports betting related content here on steemit @numpypython, the community has really been growing after @beat-the-bookies set up a Discord Channel. We hope to make this platform much more attractive for Sports Bettors by providing some support with the launch of the @sbcbot
make sure to check it out!
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With all the things that are going on, you must have missed it :-)
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Things are spreading fast indeed, great to see !!
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Thanks @costanza. Yes, i need to get on Discord.
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I think wagerr is a brilliant idea keep the hard work
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