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Author Topic: INTRODUCING STAKEO!!!  (Read 154 times)
STAKEO
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July 14, 2019, 11:40:53 AM
Last edit: July 17, 2019, 09:29:14 PM by STAKEO
 #1

In order to address the most profound challenges of conventional gambling, we are developing an end to end wagering ecosystem by shifting power away from the centralized betting market providers and bookmakers into the hands of the player community.
The Stakeo platform adopts blockchain technology to create an overt, reliable and transparent betting experience. With no brokers involved, players initiate the bets, set the rules and provide the funds for executing pay-outs. Smart Contracts protect funds and automatically distribute winnings based on bet conditions and outcomes.

Traditionally, prediction markets have been centralized. The regular way to cummulate transactions in a prediction market is for a dependable entity to maintain a register. Equally, the easiest way to determine the outcome of an event and distribute pay-outs to traders is for a neutral and trusted umpire to determine the result of the markets. However, centralized prediction markets are plagued of risks and short comings including:

· Lack of transparency and existence of unfair betting conditions
· They do not allow global participation.
· They limit what types of markets can be created or how much can be traded.
· They require traders to trust the market operator to not steal funds and to resolve markets correctly.

We have created the STK token, to solve the problems associated with the centralized betting ecosystem. The benefits include; improved trust and transparency through decentralization, elimination of staking ceilings, enhanced liquidity through global player pools, reduced fees, and incentives for active market creators and participants in the community. As an ERC20 token built on the Ethereum blockchain, STK will be the unit of exchange within the ecosystem.

The Stakeo platform will engage in the swap of STK tokens alongside top ERC20 cryptocurrencies, to ensure immediate utility for token holders. Thus, we are transitioning the STK platform to a decentralised, licensed, P2P gambling platform on the blockchain, with the STK token as the sole unit of exchange, to enter contests, place bets, and collect winnings. Further utility may be available in the near future as the blockchain and internet gambling ecosystem evolves.

Stakeo aims for the creation and resolution of gambling markets in a decentralized manner by eliminating the risk of self-interest which degenerates into corruption or theft. The only task of the Stakeo oracle is to triple authenticate the market resolution source, resolve the outcome of settled markets and to publish smart contracts to the Ethereum network. Stakeo addresses the most profound challenges of conventional betting by shifting power away from the centralized betting market provider and into the hands of the player community.

The Stakeo smart contracts are totally automated; the oracle is incapable of accessing funds held in escrow on-contract, does not control how markets resolve, do not authorize or reject trades or other transactions on the network, cannot undo trades and cannot modify or cancel created markets. The Stakeo oracle allows information transmission from the real world to blockchain via a decentralized community interaction without relying on any individual broker.

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July 16, 2019, 07:56:21 PM
 #2

All links to the website, WP, telegram, twitter and medium are broken. Can you please correct it. You can not get any info.

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Sergei.Gerasimenko
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July 17, 2019, 05:24:10 PM
 #3

Links are still broken. Are you planning to fix it? You can't hope for any support without them, so you should start to think about it.
STAKEO
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July 18, 2019, 09:17:18 AM
 #4

All links to the website, WP, telegram, twitter and medium are broken. Can you please correct it. You can not get any info.
All links have now been restored, thanks
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