WGR will be available for purchase this Fall, via Netcoins OTC Private Brokerage Services business and retail locations around the world.
Netcoins is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. Netcoins currently enables crypto transactions via 21,000+ retail locations in Canada, Europe, and Australia and an Over-The-Counter (OTC) trading desk.
Wagerr is a technology company focused on providing a revolutionary sports betting network built on a decentralized blockchain with advanced privacy features, creating a system for users anywhere in the world to bet on their favorite sports securely and reliably. Wagerr is committed to decentralization, freedom, and privacy.
Wagerr launched a publicly-traded cryptocurrency token, ‘WGR’, in 2017. WGR is a new and unique type of digital currency for use on the Wagerr blockchain. Users can send, receive, bet, stake, host Masternodes or Oracle Masternodes with the token. There is a total of 200,000,000 WGR tokens in existence.
With the release of “Direct-Chain” betting, Wagerr created the world’s first unrestricted, decentralized and globally accessible betting application, allowing users to bet against the blockchain itself which automatically burns and mints WGR as required.
Oracle Masternodes provide a second layer to the Wagerr network. They function as consensus agents providing game data and executing smart contracts to facilitate reliable betting and predictable pay-outs.
Oracle Masternodes earn half of the 6% Direct Chain betting fee in the process. 48% of all betting fees are burned, with the remaining 2% going to a development fund.
This means that the more bets users place, the more valuable WGR becomes. This is because burning 48% of betting fees shrink the coin supply, meaning scarcity will drive the price of WGR. Wagerr calls this “value-coupling”. The use of the blockchain is systematically tied to the value of WGR.
According to Wagerr’s Director of Operations, Jason Tauriello, “The Wagerr system is decentralized and self-regulating, and these qualities allow Wagerr to deliver secure, private, and safe sports betting to the entire world. Users avoid the high fees, corruption, limitation, restriction, legal repercussions, and violence prevalent in today’s industry. Using Wagerr is accessible, fair and safe for everyone in the world. Say goodbye to risk and regulation, and say hello to Wagerr, an asset optimized to grow in value as the Wagerr economy absorbs pent-up demand for secure, trustless betting.”
“Wagerr is a blockchain based sportsbook that changes the way the world bets on sports. The blockchain is designed with all types of users in mind – recreational bettors, professional bettors, centralized sportsbooks who themselves may leverage the blockchain in order to manage their liability, bettors in restricted areas, and of course investors. Wagerr has something to offer to everyone. I believe Wagerr is the future of betting, and that the future of betting belongs on the blockchain!” – Wagerr Founder, David Mah.
Two days following Wagerr's listing on Netcoins Platform, on September 16th, 2018, Netcoins announced their expansion plans. They signed a definitive agreement with a global voucher partner which will expand the Netcoins outreach to over 171,000 retail locations in over 65 countries across 6 continents. Integrating the platform with Netcoins is expected to be complete by November 2018.
Cash vouchers enable the purchasing of cryptocurrency with ease and security via Netcoins. Given their partner’s footprint, over 1 billion people now have access to cash vouchers and to date, they have been responsible for over 40 million payments placed safely. Their offering also includes a digital wallet which enables customers to purchase vouchers online via credit card, which will then be redeemable via Netcoins for cryptocurrency.