Crypto Stake - Decentralized Gambling Ecosystem

 Overview

Bitcoin went mainstream in the last four years, and with it, many betting and casino services began to accept cryptocurrencies. Current escrow services follow an unfavorable trend of utilizing cryptocurrency in a centralized manner, creating counterparty risk. The key advantage of blockchain technology being used in the online betting and casino sector is that it provides transparency in database transactions. And while players are typically skeptical, possibly assuming it was a scam site, by using blockchain they can see exactly how the transactions are processed, solving this problem.

To counter the above problem, the solution of sports betting exchange is introduced which solves this issue by means of decentralization, removing central points of failure to allow the use of cryptocurrency without counterparty risk. A sports betting exchange is a marketplace for the trade of sporting outcomes. Sports betting exchange eliminates the need for a central bookkeeper and instead enables users to place bets against one another

In the coming years, the use of blockchain in online betting will accelerate and become even more mainstream. We are already seeing projects that are disrupting the space by basing their infrastructure entirely on blockchain payments. This gives complete peace of mind to their players and is proving increasingly popular. Amongst such projects, Crypto Stake is creating a decentralized and trusted framework for sports betting and providing a rich user experience through an off-chain service layer.

What is Crypto Stake?

Crypto Stake is creating a decentralized and trusted framework for sports betting utilizing the waves blockchain, a solution is proposed which integrates a decentralized oracle consensus network with a series of smart contracts, allowing users to place bets on sporting outcomes with waves.

Aim of Crypto Stake

The aim is to be the best sports betting platform creating a decentralized global bookmaker, sports betting platform, and business, Creating the largest user base of crypto Gambling worldwide by 2024.

Advantages for Crypto Stake

Cryptostake.jpg

Transparency - When playing online games, the player has no way of verifying the randomness of the method used to determine the winner. Crypto stake addresses this issue through the use of blockchain and smart contract technology. Algorithms for generating random numbers are publicly available and auditable. The generation of random numbers and distribution of winnings takes place not on Crypto stake servers but in a decentralized blockchain environment. As a result, neither party is permitted to intervene in this process.

Trust - The majority of online Gaming industry websites are unable to provide the user with sufficient transparency to ensure the player's complete trust in the site's administrators' integrity. The player has no way of knowing how many people playing who won, or how much money was won. Our platform operates in an entirely transparent manner, as all transactions are recorded on the blockchain. Anyone can monitor and track the progress of all our drawings on an independent platform.

Resilience - Whatever security measures the site's owner takes, the risk of hacking always exists. Crypto stake is a program that operates on a decentralized basis. If the website is compromised, the attacker will be unable to interfere with the drawing process or get access to the Jackpot. Website is merely an interface to the infrastructure that Crypto stake built.

Efficiency and Ease - Crypto stake transaction has no complicated formalities. In fact, the user only needs to create a wallet address to send and receive coins. This means personal or bank information is not required.

What is Crypto Stake Token ( CST )?
The Crypto Stake token is an essential part of the sportsbook and future casino platform. It is used as the exclusive currency on the Crypto Stake platform both for sports bets and casino games.

Tokonomics

Token Name: Crypto Stake
Token Ticker: CST
Blockchain Platform: Waves
Total Supply 200,000,000

Token Utility

  1. Through the usage of the Crypto Stake token as a digital currency, players from all around the world can profit from the low transaction and administrative costs.
  2. Placing bets is simple, fast, and inexpensive.
  3. If a client wants to transfer funds to or from his account, this can be done with little time spent on administrative procedures and checks
  4. Transactions can be processed efficiently and at minimal cost using the swap icon.
  5. Crypto Stake as the operator profits from the ability of a global transfer of funds.
  6. Players can receive fast payouts at any time by exchanging the tokens in their Crypto Stake account for a cryptocurrency of their choice and demand a payout of funds.

Stakes.jpg

Token Sale Details
Crypto Stake token will be offered in two different stages the Pre Sale and the Public ICO.

Pre Sale offers will be 2,000,000 tokens at a fixed cost of $ 0.15 with an airdrop of 3%
Public ICO in 10 rounds at the fixed price from 0.20 to 0.65 with an increase of 0.05 in every round
During Pre Sale and the Public ICO, each investor will receive a 3% Airdrop of the total amount they have invested
How to Buy CST Token?

ICO coming on 31-Jul-2021, You can buy tokens here https://ico.crypto-stake.org/buy

Roadmap

Roadmap.jpg

Conclusion
World gambling statistics show that around 26% of the population gamble. That means around 1.6 billion people worldwide gamble and 4.2 billion gambles at least once every year. The global online gambling market is anticipated to be valued at more than 92.9 billion U.S. dollars in 2023. The current size of the market is almost 59 billion U.S. dollars, meaning the size is forecast to double in the upcoming years.

Online gambling consists of playing casino games, poker, and sports betting via the internet. Due to factors such as the advancement of technology available higher trust of gamblers paying online, and the increasing digitization of the world due to blockchain, Crypto Stake able to grow their sports betting platform, thereby further supporting the market’s growth.

For more Info check below Links :

Twitter: https://twitter.com/cryptostake1

Telegram: https://t.me/cryptostakechat

Facebook: https://www.facebook.com/cryptoStake1/

Telegram bounty: https://t.me/cryptostakebountychat

Reddit: https://www.reddit.com/r/crypto_Stake/

Author: Tonoarwana

https://bitcointalk.org/index.php?action=profile;u=219353

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