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Author Topic: [ANN] 🌐 UBET - A Web3 Decentralized Sportsbook 🌐  (Read 99 times)
asonganyi (OP)
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February 02, 2023, 05:12:52 AM
Last edit: February 08, 2023, 08:18:50 AM by asonganyi
 #1

GrinUBET A DECENTRALIZED SPORTSBOOKGrin








         





GrinWHAT IS UBET?Grin





UBET
is a decentralized web3 sports betting platform that enables sports trading using USDC.

UBET is distinct from traditional sports bettings sites in a way that we approach sports betting as peer-to-peer trading instead of gambling.  

UBET is Peer2Pool model where each bet is between a bettor and a group of
liquidity providers.

Anyone can become a bettor and a liquidity provider on UBET!

The betting odds are determined by our
own automated market maker.

By having automated market makers, we eliminate centralized market makers and you do not have to worry about liquidity.





GrinUBET'S MISSION!!Grin





Our objective
is to enhance the existing classic sports betting business into a modern, cutting-edge,
 
and worldwide scalable model from both business and technology innovation perspectives.

We view sports betting as another type of financial instrument that can be traded just like other derivatives.
 
We envision sports betting to be fairly traded over the marketplace, digitized using smart contracts, and stored in a public ledger.





GrinGOALS!!Grin







At UBet, we envision a
future
where sports fans have better access to betting services.

An open sports betting system that is
secure and transparent to users.

Bettors can wager on their favorite sports with peace of mind without the need to worry about issues peculiar to traditional sportsbooks such as,

>Banning
>Bet limits
>Poor Odds / Prices
>Poor Product Experience, especially when live betting
>Slow payout process
>Bad customer service




GrinWHAT ARE THE PROBLEMS!!Grin





1. Gambling operators are the boss. which often attach manipulations.

2. Gambling operators are often time-consuming.
 
3. Bettors need to open accounts giving away their personal details, like banking information, social insurance, etc.

4. The absence of any tangible way to audit the historical gaming data questions the legitimacy and fairness of centralized casinos.

5. Withdraws entail waiting for a series of formalities. Bettors may be asked for additional documents.

6. Frequently, bettors cannot get their money out when they win big.



GrinTHE SOLUTIONS!!Grin





1. With UBET, there are no central authorities or third-party intermediaries.


2. Bettors bet through their unique wallet addresses directly, Therefore UBET does not hold your money and you can withdraw your winnings directly from the blockchain.


3. The innovation of the immutable blockchain technology has made it possible to maintain a public ledger that is open to all to provide transparency.


4. Withdrawals are immediate, without going through third parties for a stablecoin to fiat conversion.



GrinCompetitors in Crypto, Blockchain, Betting Space
!!
Grin





Grin WHERE WE NEED YOU!! Grin







         





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