Every industry that has been brought on-chain never remains the same.
Insurance. Options. Payments. Predictions. You name it.
@JustBetOfficial aims to disrupt the casino and betting industry with a superior on-chain model. Here's how👇
Insurance. Options. Payments. Predictions. You name it.
@JustBetOfficial aims to disrupt the casino and betting industry with a superior on-chain model. Here's how👇
In this thread, I'll cover
- Overview
- How it works
- Liquidity Pool
- Staking & NFT Rewards
- Testnet
- Roadmap
- Overview
- How it works
- Liquidity Pool
- Staking & NFT Rewards
- Testnet
- Roadmap
- Overview
Built on @arbitrum, JustBet is a decentralized and provably fair on-chain casino built using @WINRProtocol.
The platform leverages on the power of community, transparency and decentralisation.
Built on @arbitrum, JustBet is a decentralized and provably fair on-chain casino built using @WINRProtocol.
The platform leverages on the power of community, transparency and decentralisation.
JustBet uses @SupraOracles to ensure that all payouts are tamper-proof and the platform runs seamlessly.
- How it works
Players can either make single or multiple bets on the platform.
Multiple bets increases the user's chances of wining by enabling them to place more bets on a single transaction.
Some games even allows as much as 60 bets per transaction.
Players can either make single or multiple bets on the platform.
Multiple bets increases the user's chances of wining by enabling them to place more bets on a single transaction.
Some games even allows as much as 60 bets per transaction.
Also, users allows players to set their profit and loss targets before kickstarting a betting session.
This functionality lets users to optimize their chances for winnings and gives them control.
It's similar to how derivative exchanges work.
This functionality lets users to optimize their chances for winnings and gives them control.
It's similar to how derivative exchanges work.
Best of all, every bet on JustBet comes with an instant cashback reward from vWINR tokens.
These VWINR tokens can be exchange for WINR - the utility token on the platform.
These VWINR tokens can be exchange for WINR - the utility token on the platform.
- Liquidity Pool
JustBet runs a single-sided liquidity pool (only accepts ETH) powered by WINR Protocol.
In the pool, the contribution weight of LPs deposits are recalculated to ascertain how the losses of gamblers will be distributed.
JustBet runs a single-sided liquidity pool (only accepts ETH) powered by WINR Protocol.
In the pool, the contribution weight of LPs deposits are recalculated to ascertain how the losses of gamblers will be distributed.
A percentage of all bets are allocated to the staking pool.
This % is determined on the daily change rate (usually 0.1% to 0.5%) of the amount in the bankroll (LP).
This % is determined on the daily change rate (usually 0.1% to 0.5%) of the amount in the bankroll (LP).
- Staking & NFT Rewards
Players can lock their vWINR to earn real yields on the platform for as long as it remains locked.
This is an opportunity for passive stakers to earn rewards without placing bets or games on JustBet.
Players can lock their vWINR to earn real yields on the platform for as long as it remains locked.
This is an opportunity for passive stakers to earn rewards without placing bets or games on JustBet.
Similarly, JustBet offers multiple NFT rewards by participating in the ecosystem. The NFTs are:
- Lootbox NFTs
- Referral Rank NFTs
- Minting Booster NFTs
- Badge NFTs
They all have various benefits & utilities.
- Lootbox NFTs
- Referral Rank NFTs
- Minting Booster NFTs
- Badge NFTs
They all have various benefits & utilities.
- Testnet
JustBet's Testnet went live on 15 January, and it's still on.
You can interact with it here: beta.just.bet
Here's the process below:
JustBet's Testnet went live on 15 January, and it's still on.
You can interact with it here: beta.just.bet
Here's the process below:
- Roadmap
Here's their roadmap:
Their team is super-charged for 2023
Here's their roadmap:
Their team is super-charged for 2023
Online casinos and betting is running on the back of the predictions market, which i threaded on earlier this week.
Can't wait to see the future of JustBet.
That's all for today.
Can't wait to see the future of JustBet.
That's all for today.
Disclosure: Not financial advice. DYOR.
Follow me @ViktorDefi for more alpha on DeFi primitives and narratives.
Follow me @ViktorDefi for more alpha on DeFi primitives and narratives.
One more thing. Retweet.
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