JustBet - Where Everyone is a WINR - PLAY, STAKE, LEND, EARN.

[JustBet]

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BE A WINR WITH JUSTBET

Both completely decentralized and autonomous, JustBet is incentive-driven to encourage long-term engagement and customer loyalty.

JustBet is the first-ever completely self-sustaining, community-owned, online gaming protocol, and lottery system. JustBet is built not only for creating a completely fair playing experience but also for sharing the majority of its winnings with its users in order to create a self-sustaining, long term, engagement model that no other platform can offer.

HOW DOES JUSTBET WORK?

The JustBet protocol operates autonomously with pre-built algorithms for each game - based on the amount a player has wagered the user will automatically mint native WINR tokens on the platform at a rate predetermined by the smart contract for each period until the token reaches max supply. Each time a user wagers, their total amount wagered will be converted into a number of WINR tokens. This concept is called Proof-of-Wagering.

While playing JustBet games, platform users simultaneously and automatically mine WINR tokens!



Provably Fair


The use of blockchain technology creates an easily auditable and totally transparent online ledger, while the JustBet platform dynamically displays the reserve, the amount wagered, and the amount won for each game in the current period. By offering an unparalleled level of transparency in the gaming industry, the JustBet protocol can better ensure autonomy and sustain itself without the need for a central authority.

The JustBet provably fair feature uses cryptographic hash functions to ensure that neither game providers nor users can cheat before the game starts - in addition to the most commonly used fairness solutions, JustBet’s provably fair system uses a blockchain hash as the number randomizer.

All JustBet games and protocols are open sourced and transparent - anyone and everyone can examine and audit JustBet’s fairness, autonomy, and random calculations.



Revenue and Reserve Algorithms


Every smart contract should have enough money in it before it lets people bet and before it can issue winnings. Further, winning settlements should be made instant through blockchain-based money handling protocols. This is just the ecosystem JustBet offers.

The built-in algorithm of the JustBet protocol will dynamically adjust the minimum and maximum bets every 10 minutes depending on the average size of bets made recently and the amount of and liquidity of reserves the specific game protocol has at that time. In this way, JustBet game reserves maintain their solvency, and winnings can always be paid, even max bets.

The built-in algorithm of each JustBet game protocol assesses the total amount of money that is being played in order to determine the minimum reserve that must be held to retain liquidity.

JUSTBET GAMES

In JustBet, built-in algorithms continuously calculate and then select and settle on the best mathematically available operational decisions. Every JustBet game contract is connected to the router contract. When a game is played, a win or lose function is triggered depending on the game result (winr.mint function and winr minting). Each game has a spacing between a predetermined set of numbers. For example, for dice, the protocol limits the numbers between 1 to 100. For every bet, the protocol takes the transaction hash of the bet on the blockchain. The protocol combines the block hash, timestamp, and block difficulty of the transaction. The protocol then gets the integer of this combination as the random number. The protocol then uses this random number as the winning number for the game result.

JustBet games are built using the minimum public house edge and players can test the fairness of every game transparently!

JustBet will be offering a large line of games that all users will be able to play in a fully decentralized and autonomous environment with no human intervention. Here is a list of some of the games you will eventually get to play. Don’t forget that USDT (Tether) is directly playable on the JustBet platform alongside TRX (Tron token). The USDT WINR minting formula is exactly the same as the TRX WINR formula.

Dice
Moon
Slot Machine
Flip Coin
Roulette
Poker
Baccarat
BlackJack
Minesweeper
Keno
Sic Bo

HOW DOES WINR TOKEN DISTRIBUTION WORK?

Proof of Wagering


Users are able to mint WINR tokens as they play on the JustBet platform. WINR tokens are generated (minted) by Proof of Wagering. At each minting period, there is a certain predetermined amount to be minted. There will be 3 unique waves and a total of 3 phases within each wave making a total of 9 total unique waves of token distribution. Each wave and phase will have different amounts of tokens allocated to them.

The tokens that are available for the minting should be minted to our developer address with a 1:1 ratio as users are minting. So, once users have minted 2,887,500,000 WINR our developer address should by then receive the same amount in real-time. In the mining page, the Progress bar is the general mining progress for all the tokens available for minting.


Nine Unique Token Distribution Phases


There are a total of nine phases where tokens will be minted with a decreasing number of tokens minted in each subsequent phase. Therefore, players who participate in early phases can anticipate more tokens than those participating in later phases. WINR will continue to mint and be distributed until all tokens have been disbursed. After the 9th phase of token minting has occurred, any tokens stored in reserve from lottery purchases will be minted every time the token reserve pool hits 1M tokens. This will keep players highly engaged, as there will constantly be more tokens to win for participation.


How is Revenue Distributed?


Winnings from revenue are distributed into two pools: 80% of the winnings go to the winnings airdrop pool and 20% of the winnings go to the lottery pool. The token amount distributed at each period will be determined by the following equations (note that TRX and USDT both mine from the same WINR contract):

The amount of TRX bet/total TRX bet yesterday * Pool formula
The amount of USDT bet/total USDT bet yesterday * Pool formula

See our whitepaper the section Gaming Platform Management Systems for more information on the pool formula and winnings calculations.

HOW ARE WINR TOKENS USED?

Staking For The Daily Winnings Airdrop


Approximately 60 minutes after the JustBet protocol determines the daily winnings, the airdrop pool will automatically distribute winnings to eligible addresses that were staking from the previous period.

Tokens must also be staking for a full 24 hours to be eligible for rewards. This is the aging period. Addresses that unlock staked tokens before the distribution are not eligible for winnings airdrop payout. Every stake waits at least 1 day in _passiveStake. There is no earning in this period of time. When winr.tick() is executed (it executes every day, by router.tick), passiveStakes forwards funds to activeStakes.

Addresses that successfully staked within the period will automatically earn their share of winnings proportionally. When a user withdraws WINR tokens, their address loses it’s the eligibility for winnings airdrop for that period immediately. Users have to stake their tokens for a full 24 hours to be eligible for winnings airdrop the following day. Thus, if a user starts to stake within one period, his or her tokens will be eligible for the airdrop in the next period.

Every 24 hours (a day), 80% of the platform winnings will be shared to users that stake their WINR tokens within that period.


Buying Tickets for the Weekly Lottery


Users buy tickets by sending WINR tokens to the lottery smart contract. The more tickets a user purchases the more chances he/she has to win the lottery. On each Monday, every week at 17:00 UTC, the smart contract will automatically generate a set of 5 random numbers, from 1 to 20, for the lottery for that period. If there are one or more winners, those winners will receive an equal share of the total amount held in the smart contract.

If there are no winning tickets, then the amount held in the smart contract for the lottery will automatically roll over to the next period. Tickets are only valid for the lottery period in which they are purchased. Players can then participate again by purchasing additional lottery tickets with WINR tokens to purchase new tickets for the next draw.

At the end of each period (24 hours), 20% of all the winning generated by the platform is sent to the lottery smart contract.


Trading (Buying and Selling) on an Exchange


Users can sell their minted WINR tokens on exchanges to other people who want to speculate, buy a ticket for the weekly lottery or be a part of the periodic winnings airdrop. Users who want to participate in the lottery but who do not own any WINR tokens can buy their WINR tokens from an exchange and then
send them to a lottery smart contract in order to participate, where everyone can be a WINR!

JUSTBET TOKEN INFORMATION

Token Supply


Total Supply: 10,000,000,000 WINR
Total Minting Rounds: 9
Total WINR Available for Minting: 6,000,000,000 WINR
Pre-Minted for Seed Investors(unlocked over a 1 year period): 500,000,000 WINR
Pre-Minted for Partners: 600,000,000 WINR
Pre-Minted for Promotions & Future Partners: 144,000,000 WINR
Pre-Minted for Development Team(unlocked over a 1 year period): 2,700,000,000 WINR
Pre-Minted for Sale: 56,000,000 WINR

[LimLims]

Welcome to the Forum another Cool site.
According to me the site's UI is pretty cool.
The site also has a variety of games to play upon, which i think a very good feature for any Gambling site.
Moreover i can also see that we can place bet anonymously, which is another cool feature that is loved by the Gamblers.

But one thing that is confusing is about the Token system.
Aren't you guys accept BTC to place a Bet?

Please if possible clarify this to me Op.

[JustBet]

Welcome to the Forum another Cool site.
According to me the site's UI is pretty cool.
The site also has a variety of games to play upon, which i think a very good feature for any Gambling site.
Moreover i can also see that we can place bet anonymously, which is another cool feature that is loved by the Gamblers.

But one thing that is confusing is about the Token system.
Aren't you guys accept BTC to place a Bet?

Please if possible clarify this to me Op.

Hey LimLims, Thanks for the kind words about the platform. We really love the UI

Unfortunately you cant play with BTC on the platform at the moment because everything works on Tron Chain. You can play with TRX and USDT(TRC20). JustBet is a baby we will of course improve it and add more games and more features. in q1 2021 we will add VET as a second layer. Find more information in the article below


https://medium.com/@Just_Bet/justbet-announces-vechain-vet-plair-pla-integration-a9c610f6b9a1

[Natalim]

You are offering a lot of games, WELCOME TO THE FORUM!.

The crypto gambling industry is getting bigger, more casinos are already getting into the space, and this one though I haven't played yet, I am already impressed with the site's UI, and they have a good ANN Thread too unlike other gambling site where they look like not spending some effort in making a good ANN thread.  

COOL SITE!


@fara darani, you could just PM OP, you are ruining the purpose of an ANN thread.

[Erumo]

Do you plan to run a promotional program on the forum? If you intend to do it - check yahoo62278 or Hhampuz profiles. They are best of the best and select best candidates for signature promotion.

[rhomelmabini]

Was the project has relationship with Tron foundation or Justin Sun? Good thing is that it's allows Tronlink integration, I just used the wallet app recently and it's really fast to use and with Tron cheap fees, just amazing.

Most of the games are still under development or you have any ETA of all those games still under development? The UI is really awesome, kudos to your devs.

[Insanerman]

Unfortunately we cant accept BTC on the platform at the moment because everything works on Tron Chain. You can play with TRX and USDT(TRC20). JustBet is a baby we will of course improve it and add more games and more features. in q1 2021 we will add VET as a second layer. Find more information in the article below

Now I'm much curious, you already know that most gamblers preferred either BTC, LTC, DOGE in gambling right? Yes TRX is good, but then again if you want to have more clients, better broaden your capabilities as well in the cryptocurrencies you support. Also, why not include the VET in your roadmap? AFAIK roadmap are your future pathway of plans yet it is finished in 2020 but you still have unfinished plans to make.

Do you plan to run a promotional program on the forum? If you intend to do it - check yahoo62278 or Hhampuz profiles. They are best of the best and select best candidates for signature promotion.

This would be a bounty project. The system is still under testing and a lot needs to improve, and they also prefer using their own coin in which is a 5050 risk whether or not they would be successful or not. If that so, Hhampuz and yahoo aren't really onto bounties if they wouldn't pay with listed crypto.

[sujonali1819]

Unfortunately we cant accept BTC on the platform at the moment because everything works on Tron Chain.

Then This ann thread is not for this section IMO. As far as I know only gambling site which accept bitcoin can create an ann thread in this gambling section. If does not support bitcoin then this thread should be moved to the altcoins service section.

[JustBet]

You are offering a lot of games, WELCOME TO THE FORUM!.

The crypto gambling industry is getting bigger, more casinos are already getting into the space, and this one though I haven't played yet, I am already impressed with the site's UI, and they have a good ANN Thread too unlike other gambling site where they look like not spending some effort in making a good ANN thread.  

COOL SITE!
 

Thanks for the kind words Natalim 

Was the project has relationship with Tron foundation or Justin Sun? Good thing is that it's allows Tronlink integration, I just used the wallet app recently and it's really fast to use and with Tron cheap fees, just amazing.

Most of the games are still under development or you have any ETA of all those games still under development? The UI is really awesome, kudos to your devs.

No relationship with Justin or Tron Foundation but JustBet contracts are working on Tron chain We will update the roadmap as soon as possible but I can say that we have at launch are Dice and Coin Flip, which will be followed by Wheel of Fortune (we already built it, doing tests), Moon (already built, doing tests), Poker, Roullete and Slots (all three coding 50% done). All games are built in-house, on-chain. We are not using third party providers.

Now I'm much curious, you already know that most gamblers preferred either BTC, LTC, DOGE in gambling right? Yes TRX is good, but then again if you want to have more clients, better broaden your capabilities as well in the cryptocurrencies you support. Also, why not include the VET in your roadmap? AFAIK roadmap are your future pathway of plans yet it is finished in 2020 but you still have unfinished plans to make.

We will update the roadmap as soon as possible. and of course we will improve the platform, will accept new payment systems, will add more games.

[notblox1]

Welcome to bitcointalk forum.
Your website theme is familar and similar to other betting websites, but as you are not accepting bitcoins this topic should probably be moved to Altcoins section, or just add bitcoin

[glider101]

Welcome to bitcointalk forum.
Your website theme is familar and similar to other betting websites, but as you are not accepting bitcoins this topic should probably be moved to Altcoins section, or just add bitcoin

Yes you must move your topic or just except everyones favorite Bitcoin
Welcome to the forum
 

[VanityWallets2015]

I must say that you really have a nice website here, the user interface is also commendable.
I could see that you also have a good game lineup although some are not yet accessible.
Nonetheless, I’ll be watching out and wait to have a full experience of your site.

[Natalim]

Unfortunately we cant accept BTC on the platform at the moment because everything works on Tron Chain.

Then This ann thread is not for this section IMO. As far as I know only gambling site which accept bitcoin can create an ann thread in this gambling section. If does not support bitcoin then this thread should be moved to the altcoins service section.

I'm not sure if there's a rule regarding that, I read the sticky thread specifically the "one thread per site only", it was created last 2011 and there was no altcoin at that time yet if I am not wrong. There's no specif rule about that, but I'm sure if Mods find  this thread not at the right section, they will surely move it.

[iv4n]

It's something like wink and betfury! I like tron projects, but in the same time I am aware of some not so successful tron apps, so I can only hope that you plan to run a legit business here! I am on your site already, just two games for now, it's how wink and betfury started too, with just few games, and now they have many games, they accept bitcoins too, so I believe you will follow their footsteps, but to draw people to your site you will need to offer something unique. I already have winnings tokens, but I must say that "TypeError: Cannot read property 'result' of undefined × Sorry, something went wrong. Please try again." is confusing and it happens all the time on dices! By the way strange dice design, I am not sure I am like it or not.

[kkaroul4]

Great project Justbet I like the design of your website. Just a question for everyone I just noticed that some people are asking this thread to move to altcoin section I assume the gambling section needs to be bitcoin based or at least have bitcoin on the platform am i right?

[GeorgeJohn]

First i applaud you for a well designed site,you are welcomed, I read through the stanzas of this message and I confirmed that the site is really interesting.
But I really want to know if the bet site used to accept btc because I have noticed that some gambling sites don't accept bitcoin betting, i want  to use this medium to recapitulates by saying that, is the app of this site necessary to installed in laptop.

[JustBet]

It's something like wink and betfury! I like tron projects, but in the same time I am aware of some not so successful tron apps, so I can only hope that you plan to run a legit business here! I am on your site already, just two games for now, it's how wink and betfury started too, with just few games, and now they have many games, they accept bitcoins too, so I believe you will follow their footsteps, but to draw people to your site you will need to offer something unique. I already have winnings tokens, but I must say that "TypeError: Cannot read property 'result' of undefined × Sorry, something went wrong. Please try again." is confusing and it happens all the time on dices! By the way strange dice design, I am not sure I am like it or not.

Hey iv4n. Thanks for the feedback. We have fixed that issue. Can you please try again if you don't mind?

Great project Justbet I like the design of your website. Just a question for everyone I just noticed that some people are asking this thread to move to altcoin section I assume the gambling section needs to be bitcoin based or at least have bitcoin on the platform am i right?

First i applaud you for a well designed site,you are welcomed, I read through the stanzas of this message and I confirmed that the site is really interesting.
But I really want to know if the bet site used to accept btc because I have noticed that some gambling sites don't accept bitcoin betting, i want  to use this medium to recapitulates by saying that, is the app of this site necessary to installed in laptop.

Thanks for your kind words. In gambling section there are only 2 rules;

- One thread per site ONLY
- Giveaways/promos/etc do not belong in this forum!

As you see the rules are really clear and we can publish our ANN thread on this section. Second, we will of course integrate more payment system including BTC. JustBet is a baby, pls let him grow step by step

[Ryker1]

Well, upon visiting on your site at a first glance the user interface looks good, --the color is very friendly to the user with the color combination of black, red, and gold color, it is indeed looking professional. By the way, welcome to the forum and waiting for some improvements that we can just try to test the site, it looks like I did not found a faucet or something to try your site. There are various games I saw there and I think, it is interesting to try your site.
Just one question, your site, and bitmart exchange are the same owner?

[JustBet]

Well, upon visiting on your site at a first glance the user interface looks good, --the color is very friendly to the user with the color combination of black, red, and gold color, it is indeed looking professional. By the way, welcome to the forum and waiting for some improvements that we can just try to test the site, it looks like I did not found a faucet or something to try your site. There are various games I saw there and I think, it is interesting to try your site.
Just one question, your site, and bitmart exchange are the same owner?

Thanks, Ryker1. BitMart is not the owner of the platform. We did IEO on BitMart. Actually community is the owner of the platform because all profit goes to the WINR holders via staking.

[LoyceV]

Sorry, I posted this on the wrong board. See here.