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Author Topic: UPDATE 6/26: Wagerr Tokens Launching on WAVES Platform This Week.  (Read 7099 times)
Dr Charles (OP)
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May 22, 2017, 08:40:05 PM
Last edit: June 27, 2017, 12:54:27 AM by Dr Charles
 #1

So I recently came across the Pre-Annoucement thread for Wagerr ICO (https://bitcointalk.org/index.php?topic=1911583.0) and it immediately sparked my interest. I participate heavily in the sports better realm, lately through FanDuel and Draft Kings but I have been searching for somewhere that accepted Bitcoin (Legally) for bets. Reading through the announcement thread I think the wagerr (http://www.wagerr.com) team is really onto something.

Thread and website states its a $400,000,000,000 uptapped market but I am willing to bet it is much higher (poor pun intended Smiley ) . I have opted to participate in the signature campaign but I would like to get some thoughts and feedback from other forum members regarding the potential success (or failure) they see with this project. Historically I have not been a huge fan of the ICO process but I think this one could be interesting

What I like...

A system for trustless betting and removal of most traditional third parties.
An "Oracle masternode" system. Like that of DASH, which really interests me.
Solid announcement and roadmap laid out (Still waiting on the whitepaper though)
By all appearances it doesnt seem to be an idea that was just quickly thrown together to launch right away and make some money.


Now for the question.... We all know that Bitcoin/blockchain technologies are getting hot right now but there are still large numbers of people who do not like the idea of the lack of regulation in the systems. I see in the sports betting or really any betting industry, there is some negative connotation with the lack of current traditional regulations as well. Do you think the combination of both blockchain AND a betting system will draw some negative responses from general public and/or regulators?

I have not decided whether or not I will be buying during the ICO yet. What are your thoughts?


EDIT:

The Wagerr White paper has finally been released... we have roughly 17 hours as of posting this update until the ICO launch.

White Paper: https://wagerr.com/wagerr_whitepaper_v1.pdf

EDIT 6.26:

Here is a link to the newsletter that just went out from the Wagerr team about the WAVES Platform.

http://mailchi.mp/2aac22b2b99b/wagerr-issuance-update?e=d9b9a9cd73

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May 22, 2017, 10:19:21 PM
 #2

another gambling project just like edgeless,,
the website is preety cool and look promissing

but ,my questions about this
what is " Oracle Masternodes " ?
and what is the Requirements for this ?

thank you


Dr Charles (OP)
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May 23, 2017, 12:02:17 PM
 #3

another gambling project just like edgeless,,
the website is preety cool and look promissing

but ,my questions about this
what is " Oracle Masternodes " ?
and what is the Requirements for this ?

thank you



Hey, did you have a chance to take a look at their website or pre announcement? They have a nice little video that explains the oracle masternodes. They are basically network nodes except they retain 50% of all betting fees generated. They are essentially the backbone of the network and the people who run them get rewarded in wagerr token for doing so.

My understanding from joining the wagerr slack is that the MAX requirement for running a node will be 25,000 wagerr.  The have not released the whitepaper yet and I was told that they cannot determine the exact amount of wagerr needed as collateral to run the node until the ICO ends but absolutely no more than 25,000.

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May 23, 2017, 12:37:51 PM
 #4

Betting is a pretty good  project,
so I will use my ETH to join this ,it;s a big opportunity to invest,
just join it
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May 23, 2017, 12:51:39 PM
 #5

Well yea I like the betting aspect of it but I am more interested in your feedback regarding the overall development and backbone of the coin itself haha I am not looking at it as a short term play but rather something that can actually be pretty substantial and it looks like there is a decent team behind it to aid in the structuring of the coin.

I wouldnt use up all of your ETH right now though... it looks like ETH is on a nice little upwards trajectory for the time being lol I would ride that way for a little bit and maybe just shave off some of the profit to participate in the Wagerr ICO.

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May 23, 2017, 01:10:30 PM
 #6

I think Wagerr will be a very good project, so I will exchange my bitco to ETH and then I will invest there.

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Dr Charles (OP)
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May 23, 2017, 01:15:40 PM
 #7

I think Wagerr will be a very good project, so I will exchange my bitco to ETH and then I will invest there.


Why not just invest your Bitcoin directly rather than exchanging it to ETH? I am not sure why the exchange would be beneficial to participate in the wagerr ICO. Unless I missed something and the wagerr ICO will only accept ETH as payment?

Can you share what makes you say that the wagerr ICO will be a very good project? I am interested in soliciting legit feedback not just some hype so I would appreciate a detailed response Smiley

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May 23, 2017, 09:48:14 PM
 #8

another gambling project just like edgeless,,
the website is preety cool and look promissing

but ,my questions about this
what is " Oracle Masternodes " ?
and what is the Requirements for this ?

thank you



Hey, did you have a chance to take a look at their website or pre announcement? They have a nice little video that explains the oracle masternodes. They are basically network nodes except they retain 50% of all betting fees generated. They are essentially the backbone of the network and the people who run them get rewarded in wagerr token for doing so.

My understanding from joining the wagerr slack is that the MAX requirement for running a node will be 25,000 wagerr.  The have not released the whitepaper yet and I was told that they cannot determine the exact amount of wagerr needed as collateral to run the node until the ICO ends but absolutely no more than 25,000.


thank, already see the announcement thread about this wagerr,, and the website is very elegant,,
also watching the video explanation too ,
and look like this gambling project will be huge,, Hope i can be apart of this project

Dr Charles (OP)
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May 24, 2017, 04:58:03 PM
 #9


thank, already see the announcement thread about this wagerr,, and the website is very elegant,,
also watching the video explanation too ,
and look like this gambling project will be huge,, Hope i can be apart of this project

Agreed. I would suggest that if you have not already joined their slack channel then to go ahead and do it. It will be an easy way to keep up-to-date on all the upcoming project updates. I am also happy to hear that they are considering releasing their white paper a little earlier than planned.

They initially mentioned releasing the white paper at the same exact time that the ICO launched which I and I am sure many other did not like. Right now at the very least we will get a couple hour window from the white paper dropping to the launch of the ICO or at the very most, maybe a day or two prior to the first round launch.

Anyone else have some feedback/thoughts on this upcoming project?

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May 24, 2017, 05:06:54 PM
 #10

There are a lot of competitors for this project like Vdice and Edgeless which is all same gambling type ICO. I will just watch first for now see what will be action of investors.

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May 24, 2017, 05:48:57 PM
 #11

There are a lot of competitors for this project like Vdice and Edgeless which is all same gambling type ICO. I will just watch first for now see what will be action of investors.

I know there is some competition on the betting front but I dont think I would quite put Vdice or Edgeless on the same level as Wagerr at this point. Both of those are betting platforms but I feel like both of those platforms do not offer the same kind of innovation or service as the Wagerr project seems to. Wagerr is also geared only towards the sports betting industry rather than traditional gambling casinos. They do not offer a masternode type program or the "value coupling" that wagerr does. Both of which I feel like can be a huge benefit for the project. Although... since the white paper is not out yet, it is kind of hard to determine or discuss exactly how those particular systems will function on a code level haha


Are you involved in either of those other two platforms? What do you like about them? I have no experience with them up to this point.

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May 24, 2017, 07:04:19 PM
 #12

You can also check www.onehash.com. It is a betting site that accepts bit coin.
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May 24, 2017, 07:30:47 PM
 #13

You can also check www.onehash.com. It is a betting site that accepts bit coin.

Thats not quite the same either. That appears to just be a betting platform. I am talking about the innovation behind Wagerr and the ability to tie betting directly into the blockchain. It looks like onehash is just a traditional better system that has been integrated into a nice UX platform. I am not interested in placing bets, I am interested in collecting feedback about the technology behind the upcoming Wagerr system. I do appreciate your input though Smiley

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May 26, 2017, 12:11:43 PM
 #14

I just shared this on the official Wagerr thread but I thought I would share it here as well in case anyone is still pondering whether or not they want to join the ICO. Wagerr officially launched their website less than a week ago on May 20th... In 6 days time, their home page is already in the top 2.5 million websites in the world and about to break the top 500,000 websites in the world in terms of rank for website traffic. I pulled these statistics directly from Alexa.com

What this tells me is that there has to be some major interest in the ICO or at least the concept behind it. I am thinking that the ICO will most likely sell out but I guess we will have to see what happens. It will really all be determined on the specs available in the white paper.


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May 26, 2017, 05:46:44 PM
 #15

Hello Charles, I am extremely interested in the ICO and have been tweeting about wagerr. Could I contact you for more information? I have some questions.

Thanks,
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May 26, 2017, 05:52:01 PM
 #16

Hello Charles, I am extremely interested in the ICO and have been tweeting about wagerr. Could I contact you for more information? I have some questions.

Thanks,

Well I do not have all of the answers but I will be happy to share what I know haha The whole purpose behind me creating this thread was to let people ask questions and figure out how they feel about the upcoming wagerr ICO. If you have a couple questions, I would be happy to answer them via private messages but I would appreciate it if you posted them in this thread instead. I am sure that some of the questions you have... several other people might have the same questions and we can address them all at the same time via this thread.

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May 27, 2017, 12:11:18 AM
 #17

"For example, if price falls dramatically, significantly more outstanding supply is destroyed with every bet, because bets now require more WGR. Conversely, if price rises dramatically, significantly less supply is destroyed. Over time, this leads to less price volatility and an asset value that more accurately reflects both adoption and usage."



So if supply increases due to chain betting then you lose money without even betting or if supply decreases due to chain betting then you can also lose money without even betting? No application ecosystem either?!?


I recommend to stay away from this project due to fundamental flaws. Sports Bettors want a stable coin this will not be stable. You can put funds in to Wagerr but automatically the value can drop, bad philosophy, someone will do it better and this will fail. Betting vs the chain keeps this coins value from being stable.
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May 27, 2017, 12:25:50 AM
 #18

"For example, if price falls dramatically, significantly more outstanding supply is destroyed with every bet, because bets now require more WGR. Conversely, if price rises dramatically, significantly less supply is destroyed. Over time, this leads to less price volatility and an asset value that more accurately reflects both adoption and usage."



So if supply increases due to chain betting then you lose money without even betting or if supply decreases due to chain betting then you can also lose money without even betting? No application ecosystem either?!?


I recommend to stay away from this project due to fundamental flaws. Sports Bettors want a stable coin this will not be stable. You can put funds in to Wagerr but automatically the value can drop, bad philosophy, someone will do it better and this will fail. Betting vs the chain keeps this coins value from being stable.

Oh man... you again...

I urge anyone else reading this thread to go take a look at the official thread and look at this fools comments. ANY crypto currency involves risks. Bookies make their money by the people who lose... what do you not understand? If more people won on a regular basis, why would anyone be a bookie? I mean shit... use your brain lol

In order for someone to win... there has to a be loser. If someone bets against the chain and wins.... then there is at least one person, if not more if it is a large bet, that lost. In both cases whether it is a win or loss, coins are getting destroyed to offset the coins that are being generated...


Again, go read the website about the deflationary mechanisms and value coupling theory.

Just like I mentioned... if you bought BTC yesterday at $2800 and the price dropped today to $2200... then you lost money as well. You cannot guarantee anything in the crpyto world. Ok... ok... USDT and a couple other small projects might apply but they are not in the same realm or have the same intent as what is being proposed as Wagerr..

There is more to wagerr than just chain betting... any time a bet gets made... coins get destroyed whether that's head to head bets or multi-user bets. Why you are fixated on the direct chain bets.... I have no clue.

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May 27, 2017, 04:12:04 PM
 #19

What is the percentage of profit sharing with the coin holders is very important. Edgeless's percentage is only %40.

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May 27, 2017, 10:06:45 PM
 #20

What is the percentage of profit sharing with the coin holders is very important. Edgeless's percentage is only %40.

Did you go to the official announcement thread or go to the Wagerr website? If by "profit sharing" you are talking about the rewards for the Oracle Masternode operators, that amount is 50% of all fees generated. It seems there will also be a staking system but I am unsure of your definitely of profit sharing though. Since there is no central organization running the platform, there is essentially no profit to share other than those operating the oracle nodes.

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