Wagerr’s first event burns 125,000 WGR.
On September 15, 2018, The Wagerr Team launched the world’s first “Direct-Chain” betting protocol, creating an unrestricted, decentralized and globally accessible betting application, available on both Android and PC. With a “Direct-Chain” betting fee of just 6% on winnings, Wagerr users worldwide can securely place bets against the blockchain and get paid without a centralized authority.
The first weekend of action on the WGR betting market saw over 400,000 WGR bet. Because bets are burned up front and new coins are automatically created (minted) to pay winners, an underdog win for Canelo resulted in a net burn of over 107,000 WGR. Below is an example of a betting result on the Wagerr blockchain, transparently accessible via a blockchain explorer.
In total for the event, 125,000 WGR was removed from the total coin supply. This is just one of the many ways WGR holders can benefit from “being the house” without even betting.
With the flawless release of its blockchain based “DApp,” The Wagerr Team aims to disrupt one of the world’s largest industries. During its next phase of development, ongoing marketing and user adoption efforts seek to gain a significant share of the world’s global betting revenue and establish Wagerr as a frontrunner in the sports betting industry, and a leading decentralized blockchain application.
We sincerely thank all of you for continuing to support us through the highs and lows of development. We could not be prouder of what we have achieved, and none of it would be possible without you!
To quote Wagerr's Founder, David Mah, on the release of the betting protocol:
“We are just getting started.”
Stay tuned to our social media channels for updates and do not miss out on history in the making!
The Wagerr Team
- Website: https://www.wagerr.com/
- Twitter: https://twitter.com/wagerrx
- Facebook: http://www.facebook.com/Wagerr
- Discord: https://discord.gg/a9XRG43
- Telegram: https://t.me/wagerrcoin
- Medium: https://medium.com/@WagerrSports
- BitcoinTalk: https://bitcointalk.org/index.php?topic=1911583.0
- SteemIt: https://steemit.com/@wagerr
- Reddit: https://www.reddit.com/r/Wagerr/
- Whitepaper: https://wagerr.com/wagerr_whitepaper_v1.pdf
- Find WGR on the Blockfolio app for up to date notifications.