A coin named Wagerr is getting some attention today as it soars 67%! Most of you wouldn’t have even heard of Wagerr or what it even is.
What is Wagerr?
Wagerr is a decentralized betting blockchain. A type of cryptocurrency built specifically for betting on Sports. Don’t get confused this is not UnikoinGold which specializes in E-Sports this is normal sports. An industry with a huge betting culture. This could be massive! Wagerr offers secure betting with lower fees than the conventional system. Normal bookmaker fees are around 10% whereas Wagerr offers as low as 2-6%. It aims to stop crooked bookmaking all over the world.
Seems pretty standard, doesn’t it? Well here’s where Wagerr changes it up!
Every time a bet is placed on Wagerr, the transaction fees are divided up into the following, 48% of the coins are destroyed, 2% are kept for development and 50% is given to what are called Oracles (This is the equivalent of miners for other cryptos). That means every bet that is placed increases the value of Wagerr. Value Coupling is what they call this process.
Wagerr will be available to use on any device to keep things easy to use and to appeal to the mainstream.
How are the Users Reacting?
The way Wagerr distributed the coins was through 10 initial rounds of 8,500,000 coins. After the 10 rounds, they distributed 10 more rounds of 8,500,000 because all of the coins were bought. Now if that isn’t a good reaction, I don’t know what is. If you are looking to invest like I was, you will have to wait until they are open on the public exchanges.
They currently have a demo wallet and it looks great! This is a fully fleshed out service and has huge potential to take over a huge market!
Source: Internet