Wagerr makes use of distributed blockchain technology to perform betting contracts.
Wagerr coins increase in value through value coupling process. This happens in such a way that, every time a bet is placed, the transaction fees are divided into three portions such that 48% of the coins are destroyed; 2% are kept for future development, and 50% is given to Oracle Master Nodes.
Wagerr is competing with other bookmakers worldwide with additional features such as creating fantasy leagues.
The platform is easy to use, and both small and large investors can hold a stake in the system by operating Oracles or merely holding Wagerr.
The concept of gambling has been there for quite some time, and the excitement of gaming has attracted uncountable players and made them feel more connected with the outcome of each game. However, illegal bookmakers have made it dangerous by failing to pay or tampering with results to their benefits. Having a right platform to place bets would make gambling safer and reliable.
There is now a reason to smile due to the invention of cryptocurrencies such as Wagerr. It is a decentralized currency that is not under the control of any government or any gambling laws. Wagerr has therefore presented an opportunity to operate legal betting platforms.
Wagerr operates using blockchain technology. The blockchain comprises the procedures that create each coin and monitor each transaction. It also contains the rules or contacts that rule over the transactions.
Its strict use of Application Specific Smart Contracts (ASSC) and second layer network controlled by Oracle Masternodes solve the security, scaling and incentive issues that have plagued smart contracts since their launch.
The Oracles act as consensus agents that retrieve real work sporting event data and record the results on the blockchain. This is then used by the system to decide winning bets.
Wagerr combines technical design with an economic connection that creates a deflationary and self-regulating economy.
By decentralization of its governance and contract fees, Wagerr has adjusted its supply based on the current exchange rate and betting volume within the Wagerr network
Wagerr eliminates approximately half of the fees through Value Coupling. This, in turn, diminishes coin supply which is a matter of supply and demand. With steady demand, free markets will respond to a decreasing supply with increasing asset price.
Approximately $400 billion is used to on illegal betting every year, and this is the main reason that Wagerr is needed. With Wagerr, these bets can be placed legitimately without any risks.
As branding and marketing are essential to a platform that is targeting a large population, Wagerr is however strong in its marketing. This is because its team entails members who are well versed in the betting industry and its community is unrelenting.
Wagerr is a project that understands the value proposition of their token model. Its major goal is to eliminate central authorities and reduce corruption completely. The platform is growing and has excellent plans underway. Upcoming projects include implementing a fork of the wave’s wallet. This will enable fee asset switching and wallet swap from token to mainnet coins. Additionally, a Wagerr mainnet gateway for waves will be established to allow Wagerr to be continually traded on the Dex.