decentralized
bet exchange based
on smart-contracts
All the world's betting companies, lotteries and betting exchanges put forward very high requirements for identification of a player who wants to participate in drawings. This is justified by these companies by the fact that in this way they are trying to nullify attempts of unfair play on the part of players.
The smart contract system automatically eliminates the possibility of fraud by players, and therefore, to register and participate in the game, you only need to register your wallet and participate in the game anonymously.
The current centralized sports betting exchanges have a number of disadvantages, let's take a closer look at how SMARTBET solves this
Unlike traditional gambling companies, where large winnings are withdrawn in parts, a player can withdraw his winnings in the shortest possible time. No need for a billing system or payment cards. How the player will dispose of the winnings in the future will depend solely on him.
The opportunity for the player to withdraw winnings almost instantly
Easy registration for participation in sweepstakes.
The opportunity for the player to use the maximum amount of funds in the game
In the decentralized SMARTBET system, there is no need to limit players in the amount of the bet, which is present in centralized services. With the help of smart contracts, the system itself monitors the financial condition of players, the purity/honesty of bets and distributes winnings.
SMARTBET is completely independent of regulation, including state regulation, which often leads to material losses and all sorts of problems for players due to force majeure.
And our open source code will allow you to deploy your smart contract or user interface.
This is a smart contract that will work on the principle of classic lotteries. The smart contract collects tickets with a fixed rate of 100 RESP. No restrictions on the number of wallets and no restrictions on the number of tickets.
Upon completion of the ticket collection.
In a random way, the smart contract distributes participants according to the grid, where there are 5 prize places, 4 places for 10% of the collected prize fund and the first place is 50% + a possible super prize, which is accumulated from each past unplayed super prize fund (that's where the remaining 10% of the collected funds go).
The probability of getting a super prize is 49%. Almost like "Yes or no".
And a little about "SmartLottery"
A little bit about what is "SuperExpress"
All centralized bookmakers have one important drawback in similar draws - this is opacity. Blockchain solves this most important problem, no fraud - all information is publicly available!
First, players fill out lottery tickets with a fixed cost for everyone to predict the results of 15 sports events. The smart contract accepts the ticket and payment in RESP tokens and stores them in the blockchain. All bets are closed one hour before the first contest in the ticket.
After all the matches are played, the smart contract collects their results from several independent sources and starts paying out. If the player has guessed from 9 to 14 lines, he will receive the corresponding part of the lottery pot.
If the player has specified the results of 15 lines correctly, he wins the jackpot! The unpaid balances of all previous lottery banks go to the next draw.
At the same time, we realize that it is impossible to be an expert in all sports and have provided for sorting matches by sports in this mode.
The possibility of peer-to-peer betting also seems necessary for a decentralized betting exchange. The only nuance that should be remembered when using the p2p section is that the bet will be played only if you can find an opponent, and the payout coefficient will depend directly on the amount set by you/your opponent.
Not a product. Only planned.