Wagerr (WGR) a revolutionary betting blockchain
Wagerr is a decentralized sportsbook that changes the way the world bets on sports.
What is Wagerr?
Features and functions of Wagerr
Wagerr is a two tiered network comprised of standard wallets and Oracle Masternodes
Standard Proof of Stake wallets
● The first layer is the standard transactional layer in which basic wallets earn rewards for block formation. ● Provide network security and confirm blocks of transactions that constitute the blockchain, the ledger of immutable transactions.
● Maintain a full copy of the blockchain.
Oracle Masternode intranet
● Oracle Masternodes, a second layer of the Wagerr network, function as consensus agents, forging betting contracts, retrieving sporting events outcomes data, and consensually validating results that trigger contractual payouts.
● Oracle Masternodes also mediate decentralized governance of the Wagerr network, as discussed in greater detail in section 7.10
2. Betting functions
The Wagerr system facilitates three modalities of sports betting
1. Peer to peer betting
Peer to peer betting (or “head to head” betting) requires two partners to take opposite sides of a betting contract. The players agree on the betting line and the total amount at stake. One player initiates the bet by posting it to the blockchain from their wallet. When the partner sends coins for the complementary side of the bet, the blockchain tags them as transactions with dispositions contingent upon the outcome of the specified event. Once the event is completed, the Oracle Masternode network records the performance result on the blockchain, triggering a payout to the winner. If the event never happens, the coins, minus fees, are returned to the original transactors. This feature is great for casual players, friends who live apart, colleagues, etc. They can make a plan, forge a contract on the blockchain, and leave the rest to the Wagerr network.
2. Multi user betting
Multi User betting is like peer to peer betting, but in this case multiple users can take the complementary position against a larger bet until the total value of the bet is met. Since this mode of betting requires less specificity about the size of the bet, the blockchain can perform the work of matching multiple bets until an equally weighted or minimum contract is achieved.
3. Peerless direct chain betting
Peerless betting does not require a complementary transaction to forge a contract. Any bettor can initiate a contract on chain, which the Wagerr network is programmed to pay out if the bettor wins. Peerless betting maximizes flexibility for bettors. How does Wagerr balance the risks of peerless betting? The blockchain pays out winning bets that are confirmed by the Oracle Masternode network, by minting coins for the payout. This means that the blockchain does accrue some risk of coin supply expansion though forging such contracts, but the risk is balanced by several factors. Losing bets systematically destroy coins, creating a balance over time. That’s because 48% of all betting fees are destroyed, tipping that balance in favor of net coin destruction from direct chain betting. In fact, because losing bets destroy more coins than winning bets generate coins on the network, an intrinsic advantage is created for all WGR holders in terms of coin supply. Specifically, on a losing bet of 100 WGR, 96.88 WGR would be destroyed; by contrast, on a winning bet of 100 WGR, only 94 WGR would be generated. This imbalance constitutes the house edge of approximately 3%. The final technological balance is a development called, “dynamic odds balancing.” When peerless betting creates an imbalance in risk, where the payout liability is higher for winning than for losing, the network dynamically adjusts odds to encourage complementary betting that will balance the network liability. Peerless betting is by far the simplest solution for sports bettors because it requires no planning, and eliminates the risk of finding complementary partners. Peerless betting also attracts traditional sports betting operations that routinely manage their own payout liability by placing bets with peer organizations. Now, instead of relying on their peers to take the other side, major sports betting outfits can enjoy low fee betting on the trustless Wagerr system instead of entrusting assets to competitors. That’s important because regulated competitors are subject to regulatory insecurity and unregulated competitors have no legal obligation to honor agreements. Wagerr, a decentralized technological system, does not require sports bettors or sports betting organizations to trust any one party whose trustworthiness cannot be verified. Users instead entrust verifiable open source code that they can inspect for themselves.
Economics: Structural dynamics of Wagerr’s economic system
Sports betting market context:
The estimated scale of the traditional sports betting market (including bothlegal and illegal bets, internationally) is in the trillions of USD. An estimated $400 billion dollars illegal bets are placed annually in the United States alone. China’s illegal betting market is even more extensive. Traditional sports betting in many locales is driven underground, leading to corruption, unfairness, and violence. Wagerr offers this untapped market the opportunity to choose a safe, private, and accessible way to bet through decentralized blockchain technology. Because Wagerr is (better) decentralized, private, and lower-fee with a compelling value proposition, Wagerr has the potential to win substantial market share in the long run. However, even if Wagerr only captures a fraction of the trillion dollar market, the world will be a little safer and the mechanisms built into the Wagerr model will have a powerful and overwhelmingly positive effect on the Wagerr economy, and long term token value. “Value coupling,” in particular, creates an extraordinary value proposition for sports bettors, the sports betting industry, and for investors at every scale.
6.1 Value coupling: Price tied to usage
● Value coupling: price tied to usage
○ Basic: supply and demand; burning vs minting
○ Advanced: Price dynamically affects burn rate
■ High priced WGR = declining burn rate (market stabilization)
● Stable price helps bettors predict potential winnings
● Higher prices are always a win
■ Low priced WGR = accelerating burn rate (mitigates inflation)
● Self-balancing system
● Price declines are temporary
“Value coupling” defined:
The value of the Wagerr token (WGR) is systematically tied to the use of the sports betting blockchain.
The Wagerr network reduces the risk to value and protects holders of WGR tokens by linking betting volume to coin supply. This “value coupling” between usage and supply is a built-in deflationary mechanism that destroys 48% of the fee from every bet. With fees of 2%-6%, the net result is nearly 1-3% of every bet permanently removed from the network. For example, if price falls dramatically, significantly more outstanding supply is destroyed with every bet, because bets now require more WGR. Conversely, if price rises dramatically, significantly less supply is destroyed. Over time, this leads to less market volatility and an asset value that more accurately reflects both adoption and usage. Wagerr’s systematic destruction of fees thus creates supply scarcity over time. As the average volume of betting activity over the Wagerr network rises, the value of Wagerr rises with it, enabling all investors to participate in its strong growth potential simply by holding WGR tokens.
At any point in time the price of Wagerr combined with the volume of bets defines how much deflation takes place on the Wagerr blockchain. See for yourself how these three variables interact with the Interactive Value Calculator on wagerr.com. Wagerr is designed to be more than a blockchain, it is designed to be a responsive and price linked economy. For users to feel safe holding the token and to bet with it, they need to have confidence in the value backing the coin. In Wagerr’s case the method of ensuring that the value grows over time is by creating a deflationary economy.
Why not make Wagerr an asset backed coin?
Asset backed coins are powerful and have proven to be valuable in the crypto space. Wagerr, however, was designed to be fully decentralized. Since ownership and control by a central authority are required to back the value of an asset, the requirements are incompatible with the function of the Wagerr network.
2.Value proposition for sports bettors
● Lower fees
○ Wagerr incentivizes bettors to use the network and to acquire, use, and hold WGR
○ Use: lower fees inherently better
○ Better margins for players: higher probabilities through lower fees
○ Potential to win bigger value
○ Potential to win just by holding
Wagerr is custom built for sports bettors and the sports betting industry. For a low fee, players can place their bets in secure escrow. Winners get automatic payouts after the event outcome is confirmed on the blockchain through consensual validation.
The Wagerr network confirms real world gaming results accurately because of strict enforcement of the requirements for Oracle Masternodes participation. The penalties for Oracles that attempt to feed bad data to the network are prohibitive. Supermajority (75%) consensus among the Oracle Masternode network is required in order to post game results on the blockchain, making result security extraordinarily robust.
There's no risk of overleveraged betting in the Wagerr system because no one can bet more WGR than they have. Loan sharks and associated violence are excluded from the Wagerr network.
Higher probability play through lower fees
Since Wagerr’s fees are lower than traditional sportsbooks, the probabilities of success over
time improve because the bettor doesn’t need to win as often to make their sports betting
practice profitable long term.
Buy low, use high
Sports bettors who buy Wagerr when its price is low may choose to use it for betting when
the value is high to get even more value per token. By buying low and spending high,
bettors leverage Wagerr’s advantageous ecodynamics to amplify their betting power
because they can place larger bets with smaller amounts of initial capital.
Bet high, win higher
Since returns on betting is a matter of probabilities, buying low and spending high
increases the likelihood of profit, by first reducing the initial investment and, second,
increasing the value of the payout.
Win higher, bet higher still
Actually, if the price continues to rise, successful bettors can repeat the process: waiting
until the winnings increase in value again before placing a new bet would mean that the
initial capital at stake remains nominal while the reward potential continues to grow.
3. Value proposition for holders of WGR
You don’t have to be a bettor or an investor or even a trader for a high probability chance to win simply by obtaining and holding Wagerr. Wagerr is optimized for growth. The wallet will accrue newly minted WGR as the wallets contribute to network security. The probabilities of winning stake rewards increase with the amount of WGR held in the wallet
4.Value proposition for the sports betting industry
Arbitrage through peerless direct on chain betting
Traditional sportsbooks frequently find that they have taken on too much payout liability when their customers’ bets are unbalanced, strongly favoring one side. If the overweighted team wins, the sportsbook has to carry that cost against their bottom line. They typically manage their liability by placing bets, themselves, with competing sportsbooks. Wagerr offers lower fees, automated payouts, and strong security against manipulation. Even though Wagerr will function as a competitor to traditional sportsbooks, the blockchain also offers a potent solution at a competitive price.
For additional information on mechanisms that safeguard the network for arbitrage
functions, please see discussion of “dynamic odds balancing,” under, “ Peerless direct chain
Value to investors
● Market share + value coupling = [burn rate > mint rate] = deflationary economy
● Rewards for contributions that increase and maintain Wagerr network value
○ Oracle Masternodes
■ Forge smart contract with multiphase transactions
● Phase 1: Initiate conditional contract
● Phase 2: Validated conditions trigger payouts
■ Retrieve and validate data
■ Collect, distribute, escrow, and burn fees
■ Be the house
6. Value to the field of digital currency
Standing on the shoulders of giants
Wagerr integrates core technology developed by brilliant teams. The Wagerr team stands
on the shoulders of giants. That’s partly possible because open source technology
facilitates asynchronous collaborations that can advance technological capacities. Even
before the idea of Wagerr, the core technology that Wagerr has been using to build its
sports betting network already existed. The existence of the core technology should
reassure potential investors of the feasibility of fully achieving the Wagerr network vision.
So, what does Wagerr bring to the table that’s relevant to the field of digital currencies?
While the components, like “smart contracts,” are familiar to those who stay current with
blockchain technology, it is what Wagerr does with the components that contributes to the
7. Betting Engine & Technical Architecture
The innovation and technical leaps that Wagerr makes is contained in its simple but
powerful Smart Contracts and powerful 2nd layered consensus agents known as Oracle
The Wagerr network has two layers. The first layer is the standard Proof of Stake (POS)
blockchain that allows users to send coins from one standard address to another. The
second layer of the network is comprised of Oracle masternodes. This layer allows players
to place bets on events that the Oracle masternodes confirm and post as real world
There are three types of betting transactions on the Wagerr network.
● Head to Head Betting Process
The blockchain mediates bets between two players taking opposite sides on upcoming processing Oracle and 1% gets burned. Here is the flow of a head to head bet from start to finish.
Wagerr System Allows
1. Step 1 Oracles actively searching for new events inside supported leagues, always
trying to build consensus for upcoming events. Consensus for a new event requires
a supermajority; Of the 2000 possible Oracle Masternodes, 1500 need to report the
same event defined by the Event’s UTC Time, and their unique identifying codes.
2. Step 2 User are able to view the posted events and place bets against existing
posted bets or set a new line and matched amount (for a taker or bet partner to fill).
Once betting pairs are determined to be complementary, a smart contract can be
created and initiated on the Wagerr blockchain
3. Step 3 Now that a smart contract is initiated, the development and burn portion of
the fees within that bet contract are distributed and burned. (48% destroyed, 2% to
Wagerr development fund) The Oracle Masternodes create transactions dependent
on the two opposing bets predicted outcome.
4. Step 4 After the event concludes, the Oracle network relies again on supermajority
consensus to determine the outcome of the event. This posting allows the contract
to be signaled for resolution.
5. Step 5 Once the bet has been signalled for resolution the winning bets are
processed and paid out accordingly. All non-resolved events in the issue of a tie or
event never occurring the contract is resolved via the Oracle masternode network
and both sides receive their bet back minus the fee. Once the smart contract is
resolved the oracle who processes the bet receives their portion of the fee.
Multi User betting
To make it easier to find and fulfill more bets on low volume events, the system allows
multiple players to be paired against a single bettor. This ensures that large bets do not
require an exact match to forge a contract. The fee for this transaction is 4 percent. 2% of
the fee goes to the Oracle processing the transaction and 2% gets burned. Here is the Flow
of a multiple user bet from start to finish.
Peerless Direct Chain betting
In the final phase of major development of the token, Wagerr gives the player the option to
forgo looking for a match and bet directly against the chain, using the chain itself to take
their bet automatically. The fee for this transaction is 6 percent. 3% of the fee goes to the
Oracle that processes the request and 3% is automatically burned. Here is the Flow of a
multiple user bet from start to finish.
When Wagerr fully launches the teams and leagues that are supported are critical. The
more leagues that are supported the larger the potential user base becomes. The larger
Sport Leagues supported at launch.
○ NBA, NCAA Men's, EuroLeague,
○ MLB, NCAA Baseball, World Series of Baseball
○ NHL, KHL, AHL
● AM Football
○ NFL, NCAAF
○ FIFA, UEFA, COFEDCUP, EPL, MLS, ELO, ELT, FACUP
○ NRL, RFL, EPSHIP, TRC, RWC
○ ICC, CWC, INTC
○ PGA, ETOUR, RYDRCUP
○ ATP, DAVISC, ITF, GST
○ UFC, BEL
○ Winter, Summer
Sport Leagues supported for Peerless Direct Chain betting
● Horse Racing
● Motor Sports
○ NASCAR, FORMULA-1, INDYCAR
The digital currency space is quickly becoming saturated with projects that create new
tokens and ecosystems. Wagerr stands out more than most of these projects due to the
fact that the network is dedicated to a large single use function: Sports betting. The market
for this single purpose is overwhelming and the demands that it puts on the network and
chain are significant.
Scalability and security are therefore paramount. The only way to achieve this kind of scale
is to be a single purpose blockchain — very good at one thing. For Wagerr to ensure that it
can process and payout thousands of bets on thousands of events a day, Wagerr has to be
efficient and powerful, and not overloaded with functions and features.
In this comparison chart you can see two projects that also use Ethereum technology —
Gnosis, and Augur. Both of these projects differ dramatically from Wagerr in that they rely
exclusively on complex peer to peer (P2P) prediction markets, whereas Wagerr offers
simple and efficient P2P contracts while taking it to the next level with peerless Direct Chain
The Wagerr team has been hard at work since September of 2016. Large portions of the
betting engine are complete as well as the ASSC contract system. The Oracle Masternode
posting mechanisms for how they collect and post data is also near completion.
The development of Wagerr is critical to the project's future success. Even though Wagerr is
an open source project and anyone can assist or help build it in the future, the launch team
is committed to the long term vision of the project and will deliver on launch commitments.
● Late Q3 2017 -Testnet released. The Wagerr testnet deploys, allowing players to
preview Head to Head bet matching and general wallet functions. Oracle
Masternode owners can become familiar with their operation and test different
configurations for best results.
● Q4 2017 - Head to Head Betting is deployed and the chain goes live. The blockchain
mediates bets between two players taking opposite sides on upcoming sporting
events. The fee for an executed contract is 2% of the payout. 1% goes to the
processing Oracle and 1% gets burned.
● Q4 2017 - Event Chat Add-on. Every event will have its own chat room that will allow
those who are betting on the event to communicate with one another. Users can get
to know who they are betting against and talk about the event live while it happens.
● Q1 2018 - Multi User Betting. To make it easier to find and fulfill more bets on low
volume events, the system allows multiple players to be paired against a single
bettor. This ensures that large bets do not require an exact match to forge a
contract. The fee for this transaction is 4 percent. 2% of the fee goes to the Oracle
processing the transaction and 2% gets burned.
● Late Q1 2018 - Challenge/ Rematch Add-on. The Challenge and Rematch system
allows the player to message previous betting partners and issue challenges or ask
for rematches. This expands on the concept of an address book by allowing users to
see, track, and rematch past players and easily invite friends to use Wagerr to bet
against one another.
● Q2 2018 - Peerless Direct Chain Betting. Wagerr gives the player the option to forgo
looking for a match and bet directly against the chain, which takes the other side of the bet automatically. The fee for this transaction is 6 percent. 3% of the fee goes to the Oracle that processes the request and 3% is automatically burned.
● Q2 2018 - Dynamic Odds Balancing. For Direct on Chain betting, Wagerr incentivizes betting on the other side when one side gets overweighted. This feature allows the Wagerr chain to ensure that it exposes the network to the smallest amount of payout liability.
ICO Bonus Structure
Wagerr’s ICO bonuses are structured very differently than the average offerings. Wagerr
designed the bonus structure to incentivize participants that buy in to continue promoting
the offering even after they buy. Wagerr achieves this through having the bonuses be
dependent on the later rounds success.
With up to 20 rounds of sales, a progressive bonus system rewards early adopters while
encouraging word of mouth marketing and the complete sale of each round. Participants in
each round win a 1% bonus at the completion of subsequent rounds. For example, Round
1 participants win a total 4% bonus at the completion of Round 5.. Participants in Rounds
6-10 also have a chance to win Golden Tickets. 150,000 coins are allocated for this special
The ICO fully sells out, round one participants would receive a 9% bonus and round two
participants would receive a 8% bonus and so on.
The ICO only sells out 5 rounds and ends, participants in round one would receive a
bonus of 4%, participants in round two would receive a 3% bonus and so on.
Funding milestones secure the development of major features on the Wagerr road map.
With the completion of Round 1, Wagerr pledges to issue tokens, and build a Head to Head
bet matching system. Completion of Round 3 funds Multi User Betting; completion of
Round 5 secures Direct On Chain Betting.
If Round 1 is not fully funded by the end of the ICO, the ICO will extend or restart. If Round
10 successfully completes on or before June 14th 2017, the ICO will expand to maximize
distribution and capitalization for development. The ICO will extend by no more than 10
Rounds. The hard cap for maximum token issuance is 200 million tokens.
The amount of coins that are created for the Wagerr chain are all dependent on how many
coins sell during the ICO. Because we do not know the total that will be sold, the ICO
operates based off of percentages to ensure fairness for all. The ICO percentages are as
● 85% of Available coins are for sale open to the public
● 4% of Available coins are reserved for bonuses
● 8% of Available coins are escrowed for the Developers
● 3% of Available coins are allocated for marketing
ICO Fund Allocation & Future Development
● Development - Fund continued development of Wagerr, which is vital to the ability
to continue adding new leagues, maintain API advancement, integrate more
accurate results and deeper source pools, and implement new betting types. This is
the largest reserve of ICO funds, ensuring that talent can be attracted.
● Marketing - Continue advertising to encourage adoption and usage of Wagerr,
develop positive public relations, pursue partnerships with entities that advance
toward these goals, and promote the advantages of decentralized sports betting.
● Legal - Assist with navigating regulations where needed. The main focus will be on
advocacy and lobbying to promote open access worldwide.
● Consulting - Hire industry experts from a wide spectrum of sectors including:
Gaming, Business Strategy, Blockchain technology, and Marketing and
Communications to advise Wagerr development, messaging, and overall goals.
● Accounting - Ensure responsible management, allow for resources to improve
transparency and accountability, improve overall sustainability, and work with Legal
and Consulting to advance the project.
The funds that Wagerr raises during the crowdsale for the WGR token will be used
according to the chart shown below. Wagerr will be open and transparent about all fund
movements and sales to fund any portion of the plan.
This diagram shows the allocation of funds that are raised via selling WGR in the ICO.
Wagerr (WGR) Twitter Campaign.
Help us spread the word about the Wagerr ICO. If you have a Twitter following of people who would participate in a great ICO, we need you to retweet our content.
The structure of our campaign reflects our goal. We value your time and your effort and we intend to reward you accordingly.
We will not reward campaign participants who merely retweet to themselves or made up audiences. Participants who don't contribute to the goal will be dismissed from the program without pay.
In order to participate you must have at least 15 followers and be among the first 250 to sign up for the campaign.
Steps to join.
- Have a twitter account with more than 15 followers
- Follow @[email protected] and receive 5 WGR (limit 2 per day, at least an hour apart)
- Sign up for an account on wagerr.comwagerr.com email (the one you signed up with)l to @wagerrx on twitter.
- Get rewarded at the end of the ICO for every retweet (max 1 per day)
Campaign will continue at least until the ICO begins, June 1st. Check back then! We may renew it another week.
Twitter accounts must have legitimate traffic. Campaign monitors are authorized to remove non-contributing accounts without pay if they identify tweet farming.
Wagerr ICO raises $10,000,000 Last chance to enter Wagerr ICO
Hello Wagerr.com ICO participants,
If you bought the ICO early, congratulations!
If you loved the pitch, but wanted to see more evidence of the team’s
work, now’s your chance. The html5 demo lets bettors and ICO
participants experience the Wagerr system firsthand. And, the response
has been incredible. Excitement surrounding Wagerr’s revolutionary
sports betting blockchain and the wallet prototype has resulted in
raising over $10 million! Don't wait until it’s too late — download now
for Mac and Windows and see for yourself.
The more Wagerr raises in the ICO, the more features the team can commit
to building into the Wagerr network. That means more value for token
holders and more fun for everyone. Here’s what we’ve got so far:
- Head to Head betting
- Multi-user betting
- Peerless betting
- Fantasy betting
- eSports betting
- Live betting
- Multi-coin and fiat <--> WGR
We recently completed Round 19. With the completion of Round 18, Wagerr
now pledges to deliver a WGR exchange service directly in the wallet.
Connect your favorite exchange API, and the wallet handles any
Golden tickets — 15,000 Wagerr each!
For the Final Round, Wagerr will draw 10 (ten) Golden Tickets per Round,
each worth 15,000 WGR. That puts an Oracle Masternode a lot closer for
most winners. All you need to do is make a purchase — earn 1 ticket for
every 1000 WGR. Tickets are automatically posted in your account. Are
you feeling lucky?
Are you in?
Final Round! The last ICO coins are going fast. The ICO ends June 25th
— or when the Final Round completes — whichever comes first. At this
pace of selling, smart money’s on completing the ICO early. So don’t
miss out on your chance to “Be the House!“
Wagerr ICO closes in less than 36hrs.
Wagerr Crowdsale closes on 25. Jun 2017.