Annotation Sports Events Club is a community based on an interest in sports events, where participants can earn rewards for various activities: predicts, analytics, and discussions of sports events, participation in "match pools," "partner pools," and more. The key feature of the project is the use of NFTs, which grant users access to the community, and RP tokens, which serve as a reward for active community members. All values are created and distributed within the community, making the participants the primary beneficiaries.
IntroductionSports Betting: History and Modernity
Sports betting has existed for centuries, from simple wagers between spectators in Ancient Greece on the outcomes of the Olympic Games to modern-day bookmakers. This evolution has come a long way—from direct agreements between players to large international companies known as bookmakers, which have become the dominant actors in the industry.
Why Traditional Betting Models Don’t Work for Players
From a player's perspective, modern bookmakers, despite their convenience and accessibility, have several significant drawbacks:
- High margins: The bookmaker’s commission is embedded in the odds at an average of 5% (and sometimes 20–25%), which practically guarantees losses in the long run for the vast majority of players.
- Restrictions for winning players: Many companies limit maximum bets or close accounts of successful players to minimize their own risks.
- Verification and centralization: Companies control all processes, making players fully dependent on the platform’s rules.
Psychological Aspects: Why Players Lose
Sports betting is not only economically disadvantageous for the average player but also involves psychological factors:
- Illusion of control: Many players mistakenly believe they can predict event outcomes and stay "in profit" over time, ignoring the mathematical advantage bookmakers have due to their margins.
- Desire to "win back": Losses provoke a desire to recover lost funds, leading to reckless bets and even greater losses.
- Addiction:. Gambling can turn into an addiction, causing financial and personal problems.
These and other aspects make sports betting a one-sided process where the interests of players and bookmakers rarely align. In this scenario, the only permanent beneficiary is the bookmaker.
Modern Alternatives and Their Drawbacks
Cryptocurrency platforms and decentralized projects already offer new formats and approaches. However, their business logic remains the same—extracting profit from user actions. We have decided to take a different path…
Problems of Existing Digital (Crypto) Assets
Cryptocurrencies and blockchain allow for new forms of interaction based on decentralization, security, and transparency. However, not all projects meet these expectations:
- Meme tokens and speculation: Many digital assets have no real value and exist solely due to speculative interest.
- Lack of transparent connection to real value: Most tokens are issued without a clear link to any economic process or activity.
- Complexity of understanding: Newcomers often struggle with the variety of cryptocurrencies, technologies, and complex project mechanics, limiting their interest and engagement.
One of the key issues with many crypto projects—often existing for just a few days—is not only the lack of economic justification but also the overall distrust in the crypto industry due to past fraudulent schemes.
Community as a New Paradigm
Sports Events Club offers a model that connects the worlds of sports and digital assets: tokens and NFTs, creating value for these assets based on sports events.
Core Principles:
- Community-driven participation: There are no intermediaries—all values are created and distributed among the participants.
- Real token value: Tokens reflect the success of community members' sports predicts and are backed by royalties from NFT trades
- Accessibility and simplicity: Participation is easy, using familiar tools like Telegram and NFTs.
How It Works
Voting and Predictions.
Every day, sports events are selected based on priority—the most popular from several major sports—and are put to a vote in the community’s Telegram group.
Community members make collective predicts on sporting events through a voting (poll) mechanism. Once voting ends, matches are randomly assigned to pools (Match Pool), with one match per pool. Predicts consist of two voting stages:
1.
Predict Market: Participants vote on the Predict Market for each match. For example:
- Home Win | Draw | Away Win
- Total Goals Over/Under
- Individual Team Totals
- Corner Totals (in football)
The Market with the most votes is chosen
2. Outcomes and Odds: Participants vote on a specific outcome within the chosen Predict Market. For example, if the market chosen was "Home Win | Draw | Away Win," the second vote will determine the predicted outcome:
Based on the voting results, match quotes are formed — indicators of growth (in percentage terms) for each possible match outcome, which indicate how the pool rating will change depending on the event result (success of the predict). The formula for calculating the quotes:
Growth = (C - 1/P) * V
Where:
- V = Volatility factor
- C = Number of possible outcomes
- P = Probability of the outcome (percentage of votes for the outcome).
Match Pools and NFTs
Each "match pool" is a conditional resource consisting of sports events included in the pool, whose results determine the pool rating. The pool rating increases or decreases depending on event outcomes.
Every "match pool" has its own NFT—a crypto asset functioning on the
Polygon blockchain. This NFT grants access to the pool (and the group for new participants) and enables reward distribution. Holders of these NFTs are participants in the "match pool" and the community.
RP Tokenomics
RP Distribution:
- Match Pools: Based on their rating.
- Partner Pool: Based on its rating.
- Group Members: 10% of the total rating of all "match pools."
Example: If a "match pool" has a rating of 100 RP and 100 participants (NFT holders), each participant will receive 1 RP. The same applies to the "partner pool," where rewards are divided among all participants.RP Utility and Backing
All NFT transactions on marketplaces generate royalties (2% of sales), which are periodically distributed among top RP holders. To qualify, a user must hold at least 0.1% of the total RP supply at the time of distribution.
RP essentially functions as an in-game point system, driving demand for NFTs. However, as a blockchain-based token, RP holders have full ownership and can sell, transfer, or burn their tokens. Additional community mechanisms can further increase RP’s value.
Conclusion
This model offers a transparent and straightforward community-based approach where members interact through a simple process, collectively creating value via sports predicts: "mined" RP through "match pools," earning rewards in the "partner pool," and more.
Access to the community is decentralized, granted through NFTs that can only be acquired from other members.
One of the core principles of this model is "fair play," eliminating the concept of margins, which are the cornerstone of traditional betting, casinos, and lotteries—serving as the main revenue stream for their creators. In Sports Events Club, there is no "third party," no margins, and none of the key disadvantages of traditional betting models. The only true beneficiary is the community member.
Join the
Sports Events Club community, invite friends, predict and follow sports events, and earn rewards based on the community’s collective predictions.