[ANN] DEGENS.com - The Blockchain Sports Betting Exchange

[Degens]

WEBSITE | TWITTER | REDDIT || TELEGRAM | MEDIUM| GITHUB

What is DEGENS?

Degens is the first non custodial betting exchange to be built on the blockchain utilizing audited smart contracts. No KYC, no bookies, no censoring. This is betting turned upside down.

Degens is a P2P sports betting exchange using the stablecoin DAI and operating on the ethereum blockchain. Degens has been on the mainnet since 2017 with over $20,000,000 DAI exchanged.

IN-GAME TRADING

Do you think Donald Trump is going to crush Biden in the debates? Similar to the stock market, Degens offers the ability to buy/sell their position to realize a profit as the odds change. So you don't need to accurately predict who will win the election to profit, just predict the direction on polls/odds will move.

This ability to trade also means that if your favorite team is winning at half time, you can sell your position to realize profits.

TRANSPARENCY

All bets are recorded on the blockchain in a transparent manner. This allows the player to piggy back onto the bets that the most successful bettors are making.

INDUSTRY'S LOWEST FEES

Degens is proud to offer the industry's lowest fees. We are able to offer such low fees because Degens leverages the Ethereum blockchain and cryptocurrency, which eliminates many costs that affect legacy sports exchanges.

We charge 0.25% on the claimed amount. The claimed amount is the sum of your stake plus your winnings. So, at even odds (+100), our 0.25% fee will be 0.5% of your winnings. Trades at different odds will have fees that are a different percentage of the winnings:

NON CUSTODIAL / NO KYC

Degens utilizes a smart contract which means your funds are always in your control. One of the leading smart contract auditing firms Quantstamp performed our audit and the smart contract is verified on Etherscan.

Leveraging the power of building on the blockchain, no personal information is ever required. You bet directly from MetaMask with the smart contract distributing funds auotmatically to the bettor on the winning side of an event.

BET WITH DAI/ETH

Degens supports betting using the stablecoin DAI which MakerDAO released. We also support WETH, which is a wrapped version of ETH.

VC BACKED

Degens is a proud portfolio company of Draper Goren Holm which is one of the leading blockchain VC funds backed by billionaire investor Tim Draper. Degens also has received financial backing from the MakerDAO Community Development Fund.

JOIN THE DEGENS!

   

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[YOSHIE]

The current odds for the Superbowl: San Francisco 49ers +114 vs. Kansas City Chiefs -119 on https://Degens.com

Sorry, we have the worst phenomenon we have ever experienced in 'exchanging on other sites, while betting gambling here .

We trust the gambling platform that provides direct exchanges.

There are many cases that afflict members here at the time of asset exchange.

example:

Topic: The Rock Trading Scam www.therocktrading.com Exchange Review fraud opinion

Topic: Scam exchange: ovextrade.com

Topic: Report Scams and Frauds Exchangers by Edgar

It's not that I don't trust or doubt about your exchange, but we trust direct exchanges with the gambling sites that we play.

[Degens]

I'm not understanding, it's peer to peer sports betting and all bets are conducted using a public viewable smart contract that has been audited by Quantstamp. So when you bet, you are betting against someone else and never against the house.

Over $15,000,000 of bets have been placed so far since 2017.

The current odds for the Superbowl: San Francisco 49ers +114 vs. Kansas City Chiefs -119 on https://Degens.com

Sorry, we have the worst phenomenon we have ever experienced in 'exchanging on other sites, while betting gambling here .

We trust the gambling platform that provides direct exchanges.

There are many cases that afflict members here at the time of asset exchange.

example:

Topic: The Rock Trading Scam www.therocktrading.com Exchange Review fraud opinion

Topic: Scam exchange: ovextrade.com

Topic: Report Scams and Frauds Exchangers by Edgar

It's not that I don't trust or doubt about your exchange, but we trust direct exchanges with the gambling sites that we play.

[hello_good_sir]

I like the name.

Also, the non-custodial deposits/withdrawals are really nice given the fact that a lot of people recently are having issues with sportsbooks holding withdrawals without any reason. This gives the peace of mind back to the punters who can know for sure that they're going to get fairly paid out.

My main concern is that how you're going to guarantee liquidity in markets for all events, and how the selection of what markets are open will be made. Liquidity is the main concern of most decentralized exchanges, sportsbook or otherwise.

[Ucy]

Why the name "degenerates"if I may ask? Probably casino thing? https://www.urbandictionary.com/define.php?term=Degen 
I would not use or visit a site with that name to be honest. Guess casinos that use the name are not interested in how their customers will feel when they know what the word means. Interesting features, but bad name unfortunately.

[Haunebu]

Why the name "degenerates"if I may ask? Probably casino thing? https://www.urbandictionary.com/define.php?term=Degen 
I would not use or visit a site with that name to be honest. Guess casinos that use the name are not interested in how their customers will feel when they know what the word means. Interesting features, but bad name unfortunately.

You are misunderstanding the meaning of degens here. Op provided the definition of degen in the title with reference to sports betting and its meaning is different when compared to its original definition.

The name could be a problem and it is a risky move since many people would misunderstood its meaning for something else which is why I do agree that its name needs to be changed asap to something more customer friendly.

[The Cryptovator]

I would not use or visit a site with that name to be honest. Guess casinos that use the name are not interested in how their customers will feel when they know what the word means. Interesting features, but bad name unfortunately.

I am not getting what is the wrong on the name of this platform. Since every domain is unique then they can't duplicate others, also did you found any other casino by Degens name? The link your referring it's a dictionary and showing meaning of 'Degen'. For more transparent their platform name is Degens. They had their own thoughts during select name. I don't think this is any major issue.

[YOSHIE]

I'm not understanding, it's peer to peer sports betting and all bets are conducted using a public viewable smart contract that has been audited by Quantstamp. So when you bet, you are betting against someone else and never against the house.

Over $15,000,000 of bets have been placed so far since 2017.

Why didn't you explain it from the start, that the Degens.com site is a Football bet, which can be exchanged for the ETH provided on your site's platform.

Your topic title with topic content is too convoluted, people understand it is an exchange site, not a football bet.

You are misunderstanding the meaning of degens here. Op provided the definition of degen in the title with reference to sports betting and its meaning is different when compared to its original definition.

You're right, defining misleading understanding.

OP, change the title and contents of the topic, direct your goals, so people don't misunderstand him about your Degens.com site.

[Taskford]

Why the name "degenerates"if I may ask? Probably casino thing? https://www.urbandictionary.com/define.php?term=Degen
I would not use or visit a site with that name to be honest. Guess casinos that use the name are not interested in how their customers will feel when they know what the word means. Interesting features, but bad name unfortunately.

Well if you have issue regarding to that then maybe it's your own perspective but actually there's no issue regarding on that since there are some vital aspect that we need to look on it and the most important thing here is the transparency of the platform with a clear information about them but overall it's up to them on what name they select but if you don't want to play/bet then it's your decision.

[nelson4lov]

I've checked out the website (degens). It's quite impressive but I'd to make a suggestion. Please add more markets, options and support more leagues. I believe that one area that your platform is lacking. Since I'm talking about support, I'd like you to add more payment options for other cryptocurrencies – BTC, LTC etc as opposed to using only ETH and DAI stablecoin.

I don't know if it's just me or anyone else but I had problem finding your mobile menu just because you used a gorilla picture on it. Looks odd. You might want to use the good ol hamburger icon.

[Degens]

I've checked out the website (degens). It's quite impressive but I'd to make a suggestion. Please add more markets, options and support more leagues. I believe that one area that your platform is lacking. Since I'm talking about support, I'd like you to add more payment options for other cryptocurrencies – BTC, LTC etc as opposed to using only ETH and DAI stablecoin.

I don't know if it's just me or anyone else but I had problem finding your mobile menu just because you used a gorilla picture on it. Looks odd. You might want to use the good ol hamburger icon.

Great comments but note that Degens is never in custody of anyone's funds, as we utilize ethereum smart contracts. Because is imperative to us to never have custody of a customer's funds, we cannot accept BTC, LTC or anything that doesn't run on the ethereum platform.

If you want to use BTC and give custody of your funds to someone random, check Nitrogensports.eu as they have a pretty legit reputation

[Degens]

Why the name "degenerates"if I may ask? Probably casino thing? https://www.urbandictionary.com/define.php?term=Degen
I would not use or visit a site with that name to be honest. Guess casinos that use the name are not interested in how their customers will feel when they know what the word means. Interesting features, but bad name unfortunately.

You are misunderstanding the meaning of degens here. Op provided the definition of degen in the title with reference to sports betting and its meaning is different when compared to its original definition.

The name could be a problem and it is a risky move since many people would misunderstood its meaning for something else which is why I do agree that its name needs to be changed asap to something more customer friendly.

Yes, it is a fun use of the word 'degenerate'

Also our slogan is, 'Where losers win'

Are these good branding decisions? I don't know, we will find out.

[LUCKMCFLY]

I have explored the platform, it is a good website for football betting, however I would like to know if they have plans to be Exchange? Is it the part that has not been clear to me if they have plans to place bets with Bitcoin? A good proposal can be through betting using Ligthning Network if what they want is to work with Smart Contracts, Ligtning is the best option, with that they attract more potential customers.

[Degens]

I have explored the platform, it is a good website for football betting, however I would like to know if they have plans to be Exchange? Is it the part that has not been clear to me if they have plans to place bets with Bitcoin? A good proposal can be through betting using Ligthning Network if what they want is to work with Smart Contracts, Ligtning is the best option, with that they attract more potential customers.

No, the Degens.com Sportsbetting Exchange is built on the ethereum blockchain, and uses smart contracts and ETH/DAI as its currency.

If you want to use Bitcoin, I'd suggest you use a centralized sportsbook such as Nitrogensports.eu

[pleasureteam]

It looks pretty nice. But for me personally the volume isn't high enough and lack of enough markets. If at some day there appears a crypto betting exchange with the quality and all features of Betfair than I switch emmidiatelly. I personally like trading on a betting exchange but with no decent volume it isn't possible to do some trading and then the betting exchange just works as a regular book and you gamble. the only difference is that it is peer to peer.
But Most people that want to use a betting exchange search for exchanges where they can trade the sports markets (scalp, swing trading,....) in play cashouts (very important for traders), ....

So I do appreciate your work and site after having a look at it but it does not require what a betting exchange needs for me personally. Cause you only give opportunity to bet peer 2 peer. this is one very important part of a betting exchange but seems lot of crypto betting exchanges entirely forget to implement the trading opportunities and all features that are necessary. And that's one of the main reasons most betting exchanges do not attract the mass.

But again, nice site, good job, but not sufficient for me

[sunsilk]

It might be great as well if you could also compete with other sportsbook by providing bets for esports.

Degens is a peer to peer sports betting exchange that uses the popular cryptocurrencies ETH and DAI. We've been operating on the Ethereum blockchain since 2017:

Wow, you have been operating this for a long time? But, I guess everyone didn't even heard you out since 2017 even when we're into the bullish trend. This is one of the few sportsbook that I've seen to accept eth and dai.

[nelson4lov]

I've checked out the website (degens). It's quite impressive but I'd to make a suggestion. Please add more markets, options and support more leagues. I believe that one area that your platform is lacking. Since I'm talking about support, I'd like you to add more payment options for other cryptocurrencies – BTC, LTC etc as opposed to using only ETH and DAI stablecoin.

I don't know if it's just me or anyone else but I had problem finding your mobile menu just because you used a gorilla picture on it. Looks odd. You might want to use the good ol hamburger icon.

Great comments but note that Degens is never in custody of anyone's funds, as we utilize ethereum smart contracts. Because is imperative to us to never have custody of a customer's funds, we cannot accept BTC, LTC or anything that doesn't run on the ethereum platform.

If you want to use BTC and give custody of your funds to someone random, check Nitrogensports.eu as they have a pretty legit reputation

Thanks for your swift response. I now understand why only ETH and ERC20 powered  tokens are allowed. I look forward to trying out Degens in the coming weeks when I have spare funds. I'm curious though, how does your platform earns revenue if you don't take custody of users assets. Tx fees maybe? Curious.

[Degens]

I've checked out the website (degens). It's quite impressive but I'd to make a suggestion. Please add more markets, options and support more leagues. I believe that one area that your platform is lacking. Since I'm talking about support, I'd like you to add more payment options for other cryptocurrencies – BTC, LTC etc as opposed to using only ETH and DAI stablecoin.

I don't know if it's just me or anyone else but I had problem finding your mobile menu just because you used a gorilla picture on it. Looks odd. You might want to use the good ol hamburger icon.

Great comments but note that Degens is never in custody of anyone's funds, as we utilize ethereum smart contracts. Because is imperative to us to never have custody of a customer's funds, we cannot accept BTC, LTC or anything that doesn't run on the ethereum platform.

If you want to use BTC and give custody of your funds to someone random, check Nitrogensports.eu as they have a pretty legit reputation

Thanks for your swift response. I now understand why only ETH and ERC20 powered  tokens are allowed. I look forward to trying out Degens in the coming weeks when I have spare funds. I'm curious though, how does your platform earns revenue if you don't take custody of users assets. Tx fees maybe? Curious.

Hello, we charge a 0.5% commission on all winning bets. This compares to Betfair that charges 4% I believe.

[Degens]

It looks pretty nice. But for me personally the volume isn't high enough and lack of enough markets. If at some day there appears a crypto betting exchange with the quality and all features of Betfair than I switch emmidiatelly. I personally like trading on a betting exchange but with no decent volume it isn't possible to do some trading and then the betting exchange just works as a regular book and you gamble. the only difference is that it is peer to peer.
But Most people that want to use a betting exchange search for exchanges where they can trade the sports markets (scalp, swing trading,....) in play cashouts (very important for traders), ....

So I do appreciate your work and site after having a look at it but it does not require what a betting exchange needs for me personally. Cause you only give opportunity to bet peer 2 peer. this is one very important part of a betting exchange but seems lot of crypto betting exchanges entirely forget to implement the trading opportunities and all features that are necessary. And that's one of the main reasons most betting exchanges do not attract the mass.

But again, nice site, good job, but not sufficient for me

Yes, we agree that volume could be better and we are working on that.

Though for the Superbowl starting in a few minutes, we've done about $25,000 in volume on that event alone.

[AmoreJaz]

It looks pretty nice. But for me personally the volume isn't high enough and lack of enough markets. If at some day there appears a crypto betting exchange with the quality and all features of Betfair than I switch emmidiatelly. I personally like trading on a betting exchange but with no decent volume it isn't possible to do some trading and then the betting exchange just works as a regular book and you gamble. the only difference is that it is peer to peer.
But Most people that want to use a betting exchange search for exchanges where they can trade the sports markets (scalp, swing trading,....) in play cashouts (very important for traders), ....

So I do appreciate your work and site after having a look at it but it does not require what a betting exchange needs for me personally. Cause you only give opportunity to bet peer 2 peer. this is one very important part of a betting exchange but seems lot of crypto betting exchanges entirely forget to implement the trading opportunities and all features that are necessary. And that's one of the main reasons most betting exchanges do not attract the mass.

But again, nice site, good job, but not sufficient for me

Yes, we agree that volume could be better and we are working on that.

Though for the Superbowl starting in a few minutes, we've done about $25,000 in volume on that event alone.

$25k is not bad but based from your website, you are here since 2017. you should have done much better than that. theres a lot of money in superbowl alone. but at least you are maintaining your site til now.
have you ran any promotional campaigns for your site? sometimes it would take only few marketing programs to be noticed by crypto enthusiasts who are into sportsbetting also