For those of you that follow what we do here at CryptoFizz, you know that we’re big fans of FunFair, and other betting platforms built on a blockchain. The gaming industry is ripe for disruption – enabling a fair and trustworthy environment by way of smart contracts.
I recently wrote about UKG, an eSports token backed by Mark Cuban, Ashton Kutcher, and many other high-profile names. While their focus is eSports, they intend on moving into the sportsbook arena in the near future. So, why do I bring all of this up? There are many projects out there attempting to tackle the gaming sector, and as an investor (I hodl UKG and FUN), I like to stay informed about that respective sector.
Enter Wagerr. According to their website, “Wagerr is a decentralized sportsbook that changes the way the world bets on sports”
When considering an investment in a given coin, it’s important to identify their proprietary technology, or some sort of competitive edge. On Wagerr’s website, they made it easy enough to spot by titling one of their Vimeo videos with “What makes Wagerr Different?” – clicks title.
As soon as you press play, almost immediately, they tell you what that feature is: Value Coupling. Value Coupling is “linking the value of Wagerr to the usage of Wagerr”. Essentially, there is a relationship between number of bets using Wagerr and the value of the Wagerr coin.
When you place a bet with Wagerr, you are charged a small fee of 0.0001 WGR, and depending on the type of bet (Head to Head, Multi-User, Peerless Direct Chain), you may pay 2%-6%. Then, Wagerr burns aka destroys almost 50% of that fee, thereby creating a deflationary economy.
Many other features not available across other well known betting/prediction platforms, namely Gnosis and Augur, include an Incentivized Oracle Masternode, ASSC Smart Contracts, and Partnerless Direct Chain Betting. While each of these features deserves it’s own moment in the limelight, that is slightly outside the scope of this article. If we have enough demand, I will absolutely do a deep dive on these topics, but for now, we’ll keep it high-level. More information is also available in their whitepaper.
The most amazing idea in the world means nothing if we don’t have the resources to bring it to life. So, how does the Wagerr team stack up? Let’s take a look..
David Mah, CEO: Former Darcrus Project team member focused on secure decentralized data replication
Jason Tauriello, Director of Operations: Involved in the sports betting industry for the last 18 years – specifically for “TheRX”, the first sports handicapping information website/forum on the internet
Wagerr has a total of 8 team members, including 3 advisors, 2 developers, and a Support Admin. Their full bios are available here.
Mainnet Release + Testnet: Jan 15, 2018
Head-to-Head: Late Q1 2018
Affiliate Referral System: Early Q2 2018
eSPORTS: Late Q2 2018
Challenge Rematch: Late Q2 2018
Multi-User: Mid Q3 2018
In-Wallet Currency Interchange: Late Q3 2018
Direct Chain: Late Q4 2018
Dynamic Odds: Q1 2019
Fantasy Sports: Mid Q2 2019
Live Betting: Late Q2 2019
This is where I give my opinion about the project. And it is merely that – an opinion. So, in what is shaping up to be a competitive market, where everyone is trying to disrupt the eSports/betting industry, Wagerr has their work cut out for them. At the moment, they have a solid whitepaper, robust roadmap, and competent team. It looks like their Mainnet Release (masternodes) had a few hiccups which are being resolved. The community appears to be happy with the progress being made and are understanding that there will be curves thrown at them.
Outside of their current progress, I would like to mention that the coin is primarily available on the Waves Decentralized Exchange with a total 24h volume of about $250k. This is a small community for now but they are truly decentralized – which, is actually not as common as you’d think! Most coins are available on centralized exchanges like Bittrex, Binance, etc. It’s refreshing to see a decentralized project on a decentralized exchange.
What do you guys think? Is it worth opening a position?
This article was originally posted here:
https://cryptofizz.com/wagerr-a-coin-you-can-bet-on/