The booming #GambleFi market on @arbitrum has a new player π²
In fact, it's been up for almost 2 weeks now
It's not a regular casino though, but a PvP bettor system βοΈ
Check this thread to know all about @thebetgg and $BET
ππ§΅
In fact, it's been up for almost 2 weeks now
It's not a regular casino though, but a PvP bettor system βοΈ
Check this thread to know all about @thebetgg and $BET
ππ§΅
@arbitrum @thebetgg 1/
What is this thread about? π§΅
@thebetgg is a PvP bet wagering dApp on @arbitrum
The odds are calculated by the players wagering on the site without a middleman
The Bet will launch CoinFlip on the 24th and has an experienced team behind it
What is this thread about? π§΅
@thebetgg is a PvP bet wagering dApp on @arbitrum
The odds are calculated by the players wagering on the site without a middleman
The Bet will launch CoinFlip on the 24th and has an experienced team behind it
@arbitrum @thebetgg 2/
A quick $BET overview:
Price: $0.1751
Market Cap: $1.75M
Liquidity: $330K
Total Supply: 10m $BET
Holders: 1k+
A quick $BET overview:
Price: $0.1751
Market Cap: $1.75M
Liquidity: $330K
Total Supply: 10m $BET
Holders: 1k+
@arbitrum @thebetgg 3/
Here is what the thread covers:
1οΈβ£ What is @thebetgg?
2οΈβ£ How the odds are calculated
3οΈβ£ $BET tokenomics
4οΈβ£ Extra info
Here is what the thread covers:
1οΈβ£ What is @thebetgg?
2οΈβ£ How the odds are calculated
3οΈβ£ $BET tokenomics
4οΈβ£ Extra info
@arbitrum @thebetgg 4/
Β
1οΈβ£Β What is @thebetgg?
The Bet is a new #GambleFi protocol on @arbitrum
Instead of creating another casino (high competition), they made something different
A PvP system where odds are calculated without middlemen βοΈ
Β
1οΈβ£Β What is @thebetgg?
The Bet is a new #GambleFi protocol on @arbitrum
Instead of creating another casino (high competition), they made something different
A PvP system where odds are calculated without middlemen βοΈ
@arbitrum @thebetgg 5/
It creates 3 teams with a pool each and calculates odds based on their volumes
Players choose a team and bet on the outcome of a sport match
No need for bookmakers on The Bet π
It creates 3 teams with a pool each and calculates odds based on their volumes
Players choose a team and bet on the outcome of a sport match
No need for bookmakers on The Bet π
@arbitrum @thebetgg 6/
The system is fully transparent and fair
The API used to check matches outcome is a worldwide proven one
The team checks anyway before updating on the site
The system is fully transparent and fair
The API used to check matches outcome is a worldwide proven one
The team checks anyway before updating on the site
@arbitrum @thebetgg 7/
2οΈβ£ How the odds are calculated
There are 3 teams with a pool each
Team A, Team B, Team Draw
Players deposit bets on the team they think will win (or draw pool)
2οΈβ£ How the odds are calculated
There are 3 teams with a pool each
Team A, Team B, Team Draw
Players deposit bets on the team they think will win (or draw pool)
@arbitrum @thebetgg 8/
The value of the winning is viewable and volatile until 10 min before match π
Players can only bet on one outcome, after betting they can only increase their bet
Odds are calculated on the amount of tokens on each Pool
The value of the winning is viewable and volatile until 10 min before match π
Players can only bet on one outcome, after betting they can only increase their bet
Odds are calculated on the amount of tokens on each Pool
@arbitrum @thebetgg 9/
After the game ends and the result is confirmed the team updates the site
The winning pool distributes rewards proportionately minus a fee πΈ
You can bet either in $ETH or $BET, the winnings are in the same token
After the game ends and the result is confirmed the team updates the site
The winning pool distributes rewards proportionately minus a fee πΈ
You can bet either in $ETH or $BET, the winnings are in the same token
@arbitrum @thebetgg 10/
3οΈβ£ $BET tokenomics
$BET has a 10m capped supply
βͺοΈ 6.5m for Initial Supply
βͺοΈ 1.75m for Presale
βͺοΈ 1m for Marketing
βͺοΈ 750k for Reserves
3οΈβ£ $BET tokenomics
$BET has a 10m capped supply
βͺοΈ 6.5m for Initial Supply
βͺοΈ 1.75m for Presale
βͺοΈ 1m for Marketing
βͺοΈ 750k for Reserves
@arbitrum @thebetgg 11/
Liquidity got locked to ensure trust in the team
It will be locked currently for the next 6 months π
This doesn't mean that the team can't lock it for longer when the time is up
team.finance/view-coin/0x9eβ¦
Liquidity got locked to ensure trust in the team
It will be locked currently for the next 6 months π
This doesn't mean that the team can't lock it for longer when the time is up
team.finance/view-coin/0x9eβ¦
@arbitrum @thebetgg 12/
There's a revenue-sharing model as well (#RealYield? π)
Every winning bet has a platform fee applied to it
2.5% if wagered in $BET
5% if wagered in $ETH
There's a revenue-sharing model as well (#RealYield? π)
Every winning bet has a platform fee applied to it
2.5% if wagered in $BET
5% if wagered in $ETH
@arbitrum @thebetgg 13/
50% of the generated revenues will go back to $BET holders
This will align stakeholders with the success of the platform
And it will attract more users to the platform and the token
More than simple bettors π²
50% of the generated revenues will go back to $BET holders
This will align stakeholders with the success of the platform
And it will attract more users to the platform and the token
More than simple bettors π²
@arbitrum @thebetgg 14/
4οΈβ£ Extra info
Coinflip is about to launch on the platform as well
And the Team is planning to release more fun ways to pit betttors against each other
Horse betting and more sports and eSports will be added π
4οΈβ£ Extra info
Coinflip is about to launch on the platform as well
And the Team is planning to release more fun ways to pit betttors against each other
Horse betting and more sports and eSports will be added π
https://twitter.com/thebetgg/status/1638680167223525377
@arbitrum @thebetgg 15/
There's a useful Balance feature to optimize gas on the site
A The Bet DAO will be built for $BET holders
And an audit by @SolidProof_io has been done on the contracts
If you want to look up the team you can at the link below π
docs.thebet.gg/the-bet/team
There's a useful Balance feature to optimize gas on the site
A The Bet DAO will be built for $BET holders
And an audit by @SolidProof_io has been done on the contracts
If you want to look up the team you can at the link below π
docs.thebet.gg/the-bet/team
@arbitrum @thebetgg @SolidProof_io 16/
Some useful Links π»
Twitter: @thebetgg
Discord: docs.thebet.gg
Telegram: thebet.gg/community
Arbiscan: arbiscan.io/token/0x9eb629β¦
Docs: https://t.co/WiULdtOVq8
Website π
thebet.gg
Some useful Links π»
Twitter: @thebetgg
Discord: docs.thebet.gg
Telegram: thebet.gg/community
Arbiscan: arbiscan.io/token/0x9eb629β¦
Docs: https://t.co/WiULdtOVq8
Website π
thebet.gg
@arbitrum @thebetgg @SolidProof_io That's it for this thread, thanks for tuning inπ§΅
Follow my account @MoonKing___ to stay updated π΅οΈββοΈΒ
If you want to support me drop a like and a RT on the 1st tweet of the thread πͺ
Follow my account @MoonKing___ to stay updated π΅οΈββοΈΒ
If you want to support me drop a like and a RT on the 1st tweet of the thread πͺ
https://twitter.com/MoonKing___/status/1639293784071471113
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
γ
