Wagerr is a decentralized Sportsbook built on top of an open source blockchain that we call the Wager network. Many people from all over the world contribute to the WGR project and its success through code review, development, testing and more. I encourage you to audit our code and contribute!
What Is Value Coupling?
You know how they say, “The House always wins?” That’s because bookkeepers bet on a sure thing: fees. Bettors win and lose, but steady fees provide a reliable income. As much as people may enjoy the thrill of betting, it sounds kinda nice to be the House, doesn’t it? Well, Wagerr allows everyone involved to win in two compounding ways. First way is to operate an Oracle and earn fees for posting bet data. The second, is through value coupling, which is the systematic destruction of WGR through betting fees.
Example Of 100WGR Bet (& Win) At 2.5 Odds
Value Coupling in Depth
In general terms, “value coupling” refers to the systematic linkage between the usage of a token with the market value (or price) of that token. In the case of Wagerr, Value Coupling refers specifically to the linkage between the betting volume over the Wagerr network and the price of the Wagerr token (WGR). The Wagerr blockchain achieves this linkage through the destruction of a portion of the betting fees.
Wagerr charges a modest fee for betting services, just like traditional bookkeepers. But unlike mainstream bookkeepers, the Wagerr blockchain systematically destroys almost half of every fee. Since this reduces the coin supply, increased adoption of Wagerr as the sports betting blockchain of choice gradually drives up the market value of Wagerr. What's good for bettors is great for investors; it's a simple matter of supply and demand.
Through this “Value Coupling” mechanism, betting activity over the Wagerr network fuels supply destruction. This deflationary engine drives the value of WGR over time.And thanks to this powerful engine, anyone who holds WGR potentially benefits from Wagerr’s “house advantage” — meaning that the Wagerr token has great potential to rise in value.
How Oracles Work
What is an Oracle?
Oracles act as consensus agents that retrieve real world sporting event data and record the outcomes on the blockchain. This is then used to by the network to determine winning bets. They also act as Masternodes in that they exclusively forge betting smart contracts backed by their collateral. They form a strong second tier network backbone that efficiently processes bets and events.
Why do I want one?
Oracles not only collect 50% of the betting fees for their work, but also win a portion of the fixed periodic block award. What’s more, the Wagerr tokens earned can increase in value as the Wagerr economy grows. Their status is so prestigious, that the number of Oracle Masternodes is limited to only 2000. This ensures fair compensation for their unique requirements.
A strong 2nd tier network ensures distributed consensus and reliable operation. Each betting type has its own unique type of transaction, and by having bets take place on the second tier of the network this allows us to ensure scale when it comes to creating consensus for determining winners and losers.
For Direct on Chain betting, Wagerr incentivizes betting on the other side when one side gets overweighted. This feature allows the Wagerr chain to ensure that it exposes the network to the smallest amount of payout liability. This creates many arbitrage betting opportunities (simultaneously placing bets on all possible outcomes) that in turn encourages outside sportsbooks to use and adopt Wagerr.
Oracle Masternodes primary function is to regularly post new upcoming events in the sporting world so users can bet on their outcomes. Once events are finished, Oracles post the outcomes to allow for all bets to be resolved. Oracles can use three types of means to collect and post data; 1) a paid sport betting API, 2) a sporting site scrape script, and 3) manual entry. All data is converted to a submission format that allows consensus to be determined once posted.
Voting and Governance are important functions of Oracle Masternodes. These mechanisms safeguard the network from bad actors and help demote consistently inaccurate Oracles. Voting will also allow proposals for future features or functions to be added to the Wagerr ecosystem. Oracles will even be able to propose and vote on major fixes or proposed economic changes like increasing the maximum Oracle count or raising or lowering block rewards.
- Fully decentralized weekly masternode reward payouts
- Optimize database: more information; less storage
- Searchable betting analytics on Wagerr block explorer
- Masternode management via Electron Wallet
- In-wallet BTC/WGR purchasing
- wagerr.com: Betting on Wagerr blockchain. Any device, anywhere.
- Multisport on-chain parlays
- On-chain betting data optimization
- eSport betting market
- Head-to-Head bet exchange (alpha)
- WGR hardware wallet integration
- Consensus-based odds updating
- Launch H2H bet exchange
- Upgrade core Wagerr code
- Token-based betting code upgrades data handling
- Consensus-based event resulting
- Masternode network accelerates confirmation times
- Volatility-sheltered stable token on WGR blockchain