Kryptium - A truly decentralised, community-powered betting platform

[traderethereum]

The first thing that I read on your website is How It Works because this is my first time to see a betting platform. It's like we have a platform that we can use to place a bet but I don't download the apps right now, and maybe later I will try to download, installed and see what the inside of the apps is. But I hope that the apps can provide as much as information for the user so they can get another benefit from the apps itself besides they search by themselves.

[davis196]

I like your company name.It stands out,but why it's Kryptium with K instead of C?
Having lots of social media accounts kinda proves that you want to build trust and authority.
Good luck with this project.

[ykaralis]

I like your company name.It stands out,but why it's Kryptium with K instead of C?
Having lots of social media accounts kinda proves that you want to build trust and authority.
Good luck with this project.

Thank you davis196!
“Kryptium” is a made-up name, so I’m not sure that grammar and etymology rules apply that much  
“Kryptonite” also starts with a “K” and can even kill Superman!
Or, according to this link https://comicvine.gamespot.com/kryptium/4055-55835/ , Kryptium is the strongest metal on Krypton (but we found out about this, after we had picked the name!).
Anyway, we like it more with a “K” 

[Twinkledoe]

Just a heads-up that we have updated the description of the topic with all the important URLs for downloading the betting app, getting help, reviewing our smart contracts and staying updated with the latest news about Kryptium!

This really make betting easier as I go through it.  I will do more research on how this works as I have not fully understand it.  I will click all the URLs in other to study what the pages said.  However the websites really look very genuine to me.

They need to be authentic and genuine so people will use their betting platform. As a beginner in this industry, they need to gain trust from these gamblers.

[JeromeTash]

I commend you for working so hard towards putting up this platform however I have a couple of questions.
1. Do you have any plans of extending to game friendly blockchains like EOS and TRON?
2. We very well know Ethereum network can get clogged at times and fees can also spike in no time(as witnessed in 2017 when cryptokitties brought a lot of problems) what solutions do you have i case such a scenario comes up again?

[rdbase]

I like your company name.It stands out,but why it's Kryptium with K instead of C?
Having lots of social media accounts kinda proves that you want to build trust and authority.
Good luck with this project.

Thank you davis196!
“Kryptium” is a made-up name, so I’m not sure that grammar and etymology rules apply that much  
“Kryptonite” also starts with a “K” and can even kill Superman!
Or, according to this link https://comicvine.gamespot.com/kryptium/4055-55835/ , Kryptium is the strongest metal on Krypton (but we found out about this, after we had picked the name!).
Anyway, we like it more with a “K” 

This is what I first thought of when I saw their name. Sort of clever and is catching to the eye.
Their marketing department is a smart group of people and having it mobile makes their technical team the same.

[ykaralis]

I commend you for working so hard towards putting up this platform however I have a couple of questions.
1. Do you have any plans of extending to game friendly blockchains like EOS and TRON?
2. We very well know Ethereum network can get clogged at times and fees can also spike in no time(as witnessed in 2017 when cryptokitties brought a lot of problems) what solutions do you have i case such a scenario comes up again?

Regarding your 1st question, as we’ve previously mentioned in this discussion, “we do have plans for Kryptium to support additional blockchains and cryptos but it’s really too early to take such decisions at the moment”. There are many important features to deliver in the coming months (e.g. launching & managing your own betting house using the app) and we need to be laser-focused in order to deliver quality results on time. If you would like to read about the reasons that led us to choose Ethereum instead of another blockchain network, you can have a look at this post: https://bitcointalk.org/index.php?topic=5099740.msg49406694#msg49406694

Coming now to Ethereum’s weaknesses, you are right, based on previous experience, it can get clogged at times. This is a known issue for Ethereum but it is also known that Ethereum developers are actively working on various solutions (Plasma, State channels, PoS) in order to fix tps and scalability issues. So, we expect that these issues will gradually fade away but, nevertheless, we are carefully monitoring Ethereum 2.0 progress.

By the way, we are also considering the usage of IPFS as additional decentralised storage for our Dapp. This could allow us to add more rich content (e.g. images) without sacrificing our truly decentralised architecture (note: when you use Kryptium, everything is happening on the blockchain, we are not running a single server!).

[gchristidis]

Following our listing on State Of The Dapps (https://www.stateofthedapps.com/dapps/kryptium),
and SuperDapps (https://superdapps.com/dapp/kryptium/), we are glad to announce
that Kryptium has also been accepted on the dapps directory of DappRadar!
You can find our entry, including screenshots, video and initial statistics, here: https://dappradar.com/app/1450/kryptium

[AmoreJaz]

I commend you for working so hard towards putting up this platform however I have a couple of questions.
1. Do you have any plans of extending to game friendly blockchains like EOS and TRON?
2. We very well know Ethereum network can get clogged at times and fees can also spike in no time(as witnessed in 2017 when cryptokitties brought a lot of problems) what solutions do you have i case such a scenario comes up again?

Regarding your 1st question, as we’ve previously mentioned in this discussion, “we do have plans for Kryptium to support additional blockchains and cryptos but it’s really too early to take such decisions at the moment”. There are many important features to deliver in the coming months (e.g. launching & managing your own betting house using the app) and we need to be laser-focused in order to deliver quality results on time. If you would like to read about the reasons that led us to choose Ethereum instead of another blockchain network, you can have a look at this post: https://bitcointalk.org/index.php?topic=5099740.msg49406694#msg49406694

Coming now to Ethereum’s weaknesses, you are right, based on previous experience, it can get clogged at times. This is a known issue for Ethereum but it is also known that Ethereum developers are actively working on various solutions (Plasma, State channels, PoS) in order to fix tps and scalability issues. So, we expect that these issues will gradually fade away but, nevertheless, we are carefully monitoring Ethereum 2.0 progress.

By the way, we are also considering the usage of IPFS as additional decentralised storage for our Dapp. This could allow us to add more rich content (e.g. images) without sacrificing our truly decentralised architecture (note: when you use Kryptium, everything is happening on the blockchain, we are not running a single server!).

i do agree with that kind of plan. they need to optimise their capability in a specific blockchain first before plunging to another one.
  once they are considerably confident with their system, they can always explore other blockchain. and it would be easy for them to adapt a new one.

but do you have the approximate number of registered users currently using your betting platform? curious about how many are on board already...

[ykaralis]

I commend you for working so hard towards putting up this platform however I have a couple of questions.
1. Do you have any plans of extending to game friendly blockchains like EOS and TRON?
2. We very well know Ethereum network can get clogged at times and fees can also spike in no time(as witnessed in 2017 when cryptokitties brought a lot of problems) what solutions do you have i case such a scenario comes up again?

Regarding your 1st question, as we’ve previously mentioned in this discussion, “we do have plans for Kryptium to support additional blockchains and cryptos but it’s really too early to take such decisions at the moment”. There are many important features to deliver in the coming months (e.g. launching & managing your own betting house using the app) and we need to be laser-focused in order to deliver quality results on time. If you would like to read about the reasons that led us to choose Ethereum instead of another blockchain network, you can have a look at this post: https://bitcointalk.org/index.php?topic=5099740.msg49406694#msg49406694

Coming now to Ethereum’s weaknesses, you are right, based on previous experience, it can get clogged at times. This is a known issue for Ethereum but it is also known that Ethereum developers are actively working on various solutions (Plasma, State channels, PoS) in order to fix tps and scalability issues. So, we expect that these issues will gradually fade away but, nevertheless, we are carefully monitoring Ethereum 2.0 progress.

By the way, we are also considering the usage of IPFS as additional decentralised storage for our Dapp. This could allow us to add more rich content (e.g. images) without sacrificing our truly decentralised architecture (note: when you use Kryptium, everything is happening on the blockchain, we are not running a single server!).

i do agree with that kind of plan. they need to optimise their capability in a specific blockchain first before plunging to another one.
  once they are considerably confident with their system, they can always explore other blockchain. and it would be easy for them to adapt a new one.

but do you have the approximate number of registered users currently using your betting platform? curious about how many are on board already...

Before answering your question, let me first explain that when it comes to user registration/identity management, Kryptium works similarly to the Ethereum blockchain network. Players do not have to register/open an account or provide Know-Your-Customer details. The only information that identifies you is the automatically produced address of your betting wallet (and even that, you can change). So there are no “registered” users as such.
That said, instead of registered users, it is easy to track the number of active users which is also provided by the dapp directories where Kryptium is listed (StateOfTheDapps, SuperDapps, DappRadar). This number is still not significant because Kryptium was launched only a month ago and we haven’t run any paid marketing campaigns yet. All our marketing activities have been “organic” (i.e. bootstrapped  ) but this is soon going to change. We are currently in the process of securing pre-seed funding and once this is completed we will start using “paid” marketing tools/services to execute a series of campaigns focused on growing the Kryptium community.

[Twinkledoe]

How this betting platform be a community-powered one? Sorry, I'm confused how this works. Never encountered a community-driven betting platform yet.

[AmoreJaz]

I commend you for working so hard towards putting up this platform however I have a couple of questions.
1. Do you have any plans of extending to game friendly blockchains like EOS and TRON?
2. We very well know Ethereum network can get clogged at times and fees can also spike in no time(as witnessed in 2017 when cryptokitties brought a lot of problems) what solutions do you have i case such a scenario comes up again?

Regarding your 1st question, as we’ve previously mentioned in this discussion, “we do have plans for Kryptium to support additional blockchains and cryptos but it’s really too early to take such decisions at the moment”. There are many important features to deliver in the coming months (e.g. launching & managing your own betting house using the app) and we need to be laser-focused in order to deliver quality results on time. If you would like to read about the reasons that led us to choose Ethereum instead of another blockchain network, you can have a look at this post: https://bitcointalk.org/index.php?topic=5099740.msg49406694#msg49406694

Coming now to Ethereum’s weaknesses, you are right, based on previous experience, it can get clogged at times. This is a known issue for Ethereum but it is also known that Ethereum developers are actively working on various solutions (Plasma, State channels, PoS) in order to fix tps and scalability issues. So, we expect that these issues will gradually fade away but, nevertheless, we are carefully monitoring Ethereum 2.0 progress.

By the way, we are also considering the usage of IPFS as additional decentralised storage for our Dapp. This could allow us to add more rich content (e.g. images) without sacrificing our truly decentralised architecture (note: when you use Kryptium, everything is happening on the blockchain, we are not running a single server!).

i do agree with that kind of plan. they need to optimise their capability in a specific blockchain first before plunging to another one.
  once they are considerably confident with their system, they can always explore other blockchain. and it would be easy for them to adapt a new one.

but do you have the approximate number of registered users currently using your betting platform? curious about how many are on board already...

Before answering your question, let me first explain that when it comes to user registration/identity management, Kryptium works similarly to the Ethereum blockchain network. Players do not have to register/open an account or provide Know-Your-Customer details. The only information that identifies you is the automatically produced address of your betting wallet (and even that, you can change). So there are no “registered” users as such.
That said, instead of registered users, it is easy to track the number of active users which is also provided by the dapp directories where Kryptium is listed (StateOfTheDapps, SuperDapps, DappRadar). This number is still not significant because Kryptium was launched only a month ago and we haven’t run any paid marketing campaigns yet. All our marketing activities have been “organic” (i.e. bootstrapped  ) but this is soon going to change. We are currently in the process of securing pre-seed funding and once this is completed we will start using “paid” marketing tools/services to execute a series of campaigns focused on growing the Kryptium community.

appreciate that clear explanation and being honest that you have no significant number of active users atm
 being transparent is one way of getting loyal supporters from the community.
it would take time to establish a good reputation but it can be shattered by a small mistake.
so wishing you a good journey ahead. all the best!

[ykaralis]

How this betting platform be a community-powered one? Sorry, I'm confused how this works. Never encountered a community-driven betting platform yet.

You have “never encountered a community-driven betting platform yet” because we are the first to build such a game-changing platform 
We use the term “community-powered” to communicate that Kryptium is not yet-another online betting site but a truly decentralised platform which allows anybody to set up their own betting house or event data service! And you won’t need to set up or run a single server because everything is happening on the blockchain.

There is a small catch for the moment though: to deploy your own betting house or event data service, you would need to be fluent with deployment and management of smart contracts. If you are, you can find more information in this post: https://bitcointalk.org/index.php?topic=5099740.msg49428835#msg49428835

The next major version of the Kryptium betting app will include built-in functionality for the deployment and management of a betting house without requiring developer-level knowledge of the Ethereum blockchain.
If you find this concept interesting, there is more to read here: https://bitcointalk.org/index.php?topic=5099740.msg49453382#msg49453382

[jzarifis]

For those who have expressed concerns about Ethereum’s tps performance and scalability
as well as its suitability for Kryptium’s truly decentralised betting platform, there are some
good news after the Constantinople upgrade.
On 2nd March, Ethereum was the fastest it's ever been! 6,402 blocks and 13.35 second block times.

[prtty2gal2]

Yeah, that "no tech knowledge required" version would probably start to get a lot more attention, I mean people who know how to do "deploy" or whatever the developer words for it are probably like it already but for those of us who are not really wise enough in that topic this looks like a good opportunity to build up your own game and not in a scale maybe to become a huge casino but build a small game that you can play among your friends.

Think of me as someone who is looking into this and hope he can build something as small as 5 people gathering everyday during work hours and play here to have fun and basically make sure the tech behind it can support it without question, we are just that bored at work but we work at different places so we would love it when this gets to a simpler version.

[suzzypane]

Indeed the Gambling business is tormented by a huge gathering of issues and inefficient perspectives - the result, a need of trust between players, creators and organizations providers due to various go betweens, high charges and unintuitive customer experiences. There is a basic prerequisite for an overhaul of the whole online betting framework. Thankfully, this team has taken the chance to emancipate the gaming/betting industry. However, there is a team that has done so well in this regard too, they're building their blockchain for this, kindly take a look at faireum and you'll be amazed.

[ykaralis]

Yeah, that "no tech knowledge required" version would probably start to get a lot more attention, I mean people who know how to do "deploy" or whatever the developer words for it are probably like it already but for those of us who are not really wise enough in that topic this looks like a good opportunity to build up your own game and not in a scale maybe to become a huge casino but build a small game that you can play among your friends.

Think of me as someone who is looking into this and hope he can build something as small as 5 people gathering everyday during work hours and play here to have fun and basically make sure the tech behind it can support it without question, we are just that bored at work but we work at different places so we would love it when this gets to a simpler version.

Thank you for your interest in Kryptium and the upcoming “launch your own betting house from inside the app” feature! 

Taking this process from the hands of developers and making it available to everybody, will indeed make Kryptium a great solution for “social” betting among friends, co-workers, members of a club etc. Note that we have plans to launch specific bounty campaigns targeted at those who want to get the most out Kryptium by launching their own betting houses. It also goes without saying that we will be providing all necessary support via our Telegram channel https://t.me/kryptium

By the way, in the coming days we will release Kryptium v. 1.1.0 which will introduce support for head-to-head bets (in addition to the currently available pool bets).
The “launch your own betting house” feature will be included in version 2.0 of the Kryptium app which we have already started working on.

[jzarifis]

Product Update

Kryptium v.1.1.0 is out with support for HEAD-TO-HEAD BETS!
For those familiar with bet exchanges, Kryptium now supports both back and lay bets
without compromises on the intuitive user experience of the app.

You can download the latest version from: https://kryptium.io/#try_it

[jzarifis]

Product Update

Hey, social networks! We’re coming to you! Kryptium v.1.2.0 enables sharing of any open bet
on Facebook or Twitter or that private Slack channel at the office!
Go to Open Bets, find your bet, click its “…” button and then “Share”!

You can download the latest version from: https://kryptium.io/#try_it

(click on the image to open the sharing URL of a real bet!)

[MakeMoneyBtc]

I've noticed your betting app is available only in desktop version and for me that's not very convenient. That's because I spend most of my time on my smartphone and I usually place my bets from it and i am sure i am not the only one who does this. So, have you thought or planned to create a mobile version for your betting app? I think it will get the same interest as the desktop app.