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

[Degens]

It's not that unique. It's basically a blockchain version of Betfair/Matchbook which have been around for 10 years.

Main advantage of Degens is it is non custodial and requires no KYC.

[Degens]

Do you have airdrop or bounty campaign?

No, Degens didn't do an ICO, so we don't have a coin. Also no bug bounty as Quantstamp has audited our smart contract.

Bets on Degens are made in DAI which is an ERC-20 token that tracks the US Dollar.

[Butern Butler]

Do you have any article I can read?

[Degens]

Do you have any article I can read?

The following article is regarding a recent equity investment that Degens received - https://www.crowdfundinsider.com/2020/07/164634-draper-goren-holm-invests-in-degens-the-blockchain-betting-exchange/

Also there might be some good stuff here if you are a bit technical - https://medium.com/@Degens

[futterlod]

 I really don't understand how this works.can you help me to know more?

[TimeTeller]

Do you have airdrop or bounty campaign?

No, Degens didn't do an ICO, so we don't have a coin. Also no bug bounty as Quantstamp has audited our smart contract.

Bets on Degens are made in DAI which is an ERC-20 token that tracks the US Dollar.

I am curious since you are  a decentralized sports betting platform, have you got sufficient customers since 2017?
We all know that a lot of players are more into bitcoin sports betting, but do you think you can survive in this business just by sticking with ETH/DAI?
One advantage that I'm seeing here is you don't require KYC as it is eth-based and you just need to login via your wallet.

[Degens]

Do you have airdrop or bounty campaign?

No, Degens didn't do an ICO, so we don't have a coin. Also no bug bounty as Quantstamp has audited our smart contract.

Bets on Degens are made in DAI which is an ERC-20 token that tracks the US Dollar.

I am curious since you are  a decentralized sports betting platform, have you got sufficient customers since 2017?
We all know that a lot of players are more into bitcoin sports betting, but do you think you can survive in this business just by sticking with ETH/DAI?
One advantage that I'm seeing here is you don't require KYC as it is eth-based and you just need to login via your wallet.

Attracting customers is challenging for most dApps. Looks like we've had 73 unique users in the past month - https://dappradar.com/ethereum/gambling/degens

We need to stick to ETH/DAI as we are a non custodial sports betting exchange. Bitcoin does not support smart contracts.

Correct, there is no KYC needed. There is no need to login. You just connect via MetaMask 100% anonymously.

[Elsop]

Who grades the bets?

[Degens]

Who grades the bets?

Good question.

Currently the grading is centralized and conducted by the Degens team. We are working on a decentralized grading solution that we hope to release in the coming months.

Sports are a bit tricky as users tend to demand super fast grading times. For example, there is the 1PM NFL game which bettorr tend to want graded so that their funds are released before the 4PM NFL game.

Current decentralized solutions such as Augur with its REP token, takes 24+ hours which our users find unacceptable.

So we understand the desire for a decentralized solution and are working on figuring out the best solution.

Thanks for your question.

[Uikjuysd]

Why do I need to unlock Dai?

[Cryptoenthusbusa]

Are there live bets?

[fukajiyus.sa]

Do you have airdrop or bounty campaign?

No, Degens didn't do an ICO, so we don't have a coin. Also no bug bounty as Quantstamp has audited our smart contract.

Bets on Degens are made in DAI which is an ERC-20 token that tracks the US Dollar.

I am curious since you are  a decentralized sports betting platform, have you got sufficient customers since 2017?
We all know that a lot of players are more into bitcoin sports betting, but do you think you can survive in this business just by sticking with ETH/DAI?
One advantage that I'm seeing here is you don't require KYC as it is eth-based and you just need to login via your wallet.

Attracting customers is challenging for most dApps. Looks like we've had 73 unique users in the past month - https://dappradar.com/ethereum/gambling/degens

We need to stick to ETH/DAI as we are a non custodial sports betting exchange. Bitcoin does not support smart contracts.

Correct, there is no KYC needed. There is no need to login. You just connect via MetaMask 100% anonymously.

Easiest way to bet?

[XEFUZ]

Can anyone create a market?

[Degens]

Why do I need to unlock Dai?

To communicate with any smart contract, you need to give the appropriate persmissions to MetaMask.

You want to be careful to ensure that the dApp that you use has an audited smart contract. You can see the Quanstamp audit of Degens here - https://certificate.quantstamp.com/full/degens

[Degens]

Can anyone create a market?

Actually at the contract level anybody can create a market.

However, our website only posts markets with trusted grader addresses. Which in practice of course means that users can't add markets to degens.com (which is the client most of our users use). Just pointing out that at the contract level degens has no special privileges.

[Degens]

Are there live bets?

Live bets are a little tricky due to the latency involved with transacting on the blockchain. You can trade in and out of your position before a game, but it's likely not wise to make bets during a game unless it's at half time.

Ethereum 2.0 seeks to solve these issues. So we are optimistic that when 2.0 is launched, we'll be able to facilitate in-game trading similar to Betfair etc.

[Degens]

As seen in the San Fernando Valley Business Journal..

[Degens]

Are there parlays?

No, there are not parlays. Parlays don't really work with a betting exchange model as there are infinite possible parlay combinations and you'd need to find a counterparty.

[Degens]

Do you have airdrop or bounty campaign?

No, Degens didn't do an ICO, so we don't have a coin. Also no bug bounty as Quantstamp has audited our smart contract.

Bets on Degens are made in DAI which is an ERC-20 token that tracks the US Dollar.

I am curious since you are  a decentralized sports betting platform, have you got sufficient customers since 2017?
We all know that a lot of players are more into bitcoin sports betting, but do you think you can survive in this business just by sticking with ETH/DAI?
One advantage that I'm seeing here is you don't require KYC as it is eth-based and you just need to login via your wallet.

Attracting customers is challenging for most dApps. Looks like we've had 73 unique users in the past month - https://dappradar.com/ethereum/gambling/degens

We need to stick to ETH/DAI as we are a non custodial sports betting exchange. Bitcoin does not support smart contracts.

Correct, there is no KYC needed. There is no need to login. You just connect via MetaMask 100% anonymously.

Easiest way to bet?

Degens has two views, sportsbook mode and exchange mode. For most users, sportsbook mode will be most familiar as it just displays what bets are available for you to take.

So the easiest way to bet is to use sportsbook mode, then just click the odds you'd like to take.

For more advanced users, you can switch to exchange mode which acts like Betfair. It allows you to place your own odds, effectively acting as a market maker/bookie.

[Degens]

FOOTBALL IS BACK!