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Create Your Own Bets

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Peer-to-Peer Decentralised Betting Platform

No Middle Agency. Everything By Smart Contracts.
Code is the Rule!!!

Abstract

welcome to Betaverse

Online Betting refers to wagering on sports-type or any other type where in decision is involved which can attract prediction on the internet.
Currently, these online apps or websites comprise a wide-ranging variety of games. The players can bet on these live games/sports or other related games for winning prizes or money in return. The transaction made on these apps or websites is done via electronic data exchange, which can be either real-time or through internet or intranet networks.

Betaverse prediction deals in

Nature
Sports
Nature
Politics
Nature
Global Events
Nature
Movies
Nature
Crypto

Process

How it Works

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Distribute Reward

  • Winners get all the money from the pot (winners + losers contribution) in proportion of the pot contribution.
  • 3% commission is charged from the contribution of losers contribution.
  • (1% is distributed to arbitrators and 2% is used to buyback BET tokens and burn)

Wrong Challenge

  • User Platform Deposit tokens are collected and burned.
  • When arbitrators give different result than reported/challenged result.

No Result

  • Arbitrator Deposit tokens are collected and burned.
  • When there is no agreement between arbitrators, such bets are recorded.
  • Arbitrators in minority are flagged. 3 times flagged arbitrators deposit tokens are forfeited and burned.

Dispute & Arbitration

  • When there is dispute amongst users for the outcome, market is referred to Arbitrator.
  • Everyone receives their money back.

Video

Association

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