Changes in Power and Interests
There has been plenty of involvement by the gaming and betting industry integrating cryptocurrency into their casinos, but none of them have considered the ethos that has developed around the historical blockchain technology.
The continued exploitation of Players by the few owners in control of the online gambling industry has allowed for widespread corruption and duped many into thinking they were playing fair games while in actuality they were rigged from the beginning.
ChainBet will solve this by Chainlink’s VRF, which will provide verifiable on-chain results. This means every game played on the ChainBet protocol is fair, random, and transparent. When your favorite streamer is playing on ChainBet you don’t have to worry that they’re getting favored odds, everyone is playing on the same level in a trustless system.
Typically a Player could never hope to own a casino or sports betting business as the cost of entry is just too high. We solve that problem and give all our Players and retail investors the ability to own a portion of the ChainBet Betting Platform by either providing Bankroll Liquidity or by staking veBET on our dApp.
With a majority of profits going to Bankroll Providers and veBET Stakers the incentives of ChainBet align perfectly with its users. With Web 3 changing the world, the biggest and best betting platform should benefit all its users and Players and not a tiny group of individuals. This is how we’ll grow exponentially and disrupt the status quo of the gambling industry.
Entertainment & Utility & Community, Oh My!
Entertainment
We understand the need to provide an entertaining place for our Players to spend their hard-earned tokens. ChainBet hosted games will feature custom animations that make it fun to play and bet, win or lose! We’ll feature Player vs Player games where trash-talking and camaraderie both can be on full display. There will be the most popular Player vs House games where you can test the odds and really win big!
Beyond the featured games we’ll launch and add to our Web 3 dApp, we’ll quickly enable Esports and Sportsbetting. Featured matches and games will be embedded so every bettor can watch and cheer for our favorite teams and outcomes together. Our native chat will allow every Player to discuss games and outcomes, live!
Utility
In the real world, the gambling industry plays a large part in the financials of millions of individuals. More often than not it’s a negative impact ChainBet will allow those individuals to not only risk their tokens for big wins but also partake in the steady and lucrative profits that a betting platform is capable of producing.
Providing House Bankroll, staking veBET, and even earning collectible NFTs as an early adopter will grant Diamond Player’s Club Access and provide the user with competitive yields and other perks and rewards for our loyal Players.
Community
We’re building a decentralized betting platform and a strong community is essential to the performance of our governance and platform as a whole. We need your input to build the best product out there. We’re not just talking about our Players having access to us via a Discord channel, but a true influence on the success and path forward of the ChainBet Betting Platform.
We can’t get into too many details as far as our plans to involve and grow our community, just know we’re in our inception stage and most of our efforts will go to ensuring that there is a never-ending supply of fun and degen activities for everyone.
Long Term Vision and Growth
There have been many fly-by-night projects that have focused on short-term profits and unsustainable growth methods. For example, many new tokens have no issue devaluing their tokens without much concern for their investors and holders that put their trust in their product. Constantly minting new tokens to pay out rewards isn’t a sustainable business model. It devalues the dApp and punishes long-term holders and believers in the project.
We’ve seen this occur recently with projects such as Polyroll. ChainBet is first a decentralized betting platform with DeFi functionality built-in that separates us from the typical casino. We will constantly add value and utility to our token and platform. Our marketing efforts will be collaborative never at the expense of our token holders and Players. All decisions are made with the idea of increasing the value of the token for our community. With plans for expanding ChainBet to multiple supported Web 3 chains like Fantom for example, and soon after different Metaverse platforms.
We’re excited to embark on this journey with you. ChainBet isn’t planning on stopping this wild ride anytime soon, and we’ve structured our protocol, team, and token to ensure that…
