Solution

GamblifyMe proposes solving all these problems by using blockchain and decentralized applications architecture as a technological enabler to improve transparency and security in all in-game transactions. Additionally, it will also allow players from around the world to be included.

How will they allow players from anywhere in the world to interact?

The DApp (Decentralized Application) will have a mobile-responsive web interface that will allow placing bets on different sports forecasts directly from the wallet to the blockchain. Initially, the Binance Smart Chain will be used as the main blockchain, but further developments will add more EVM blockchains.

How can you ensure transparency of bets and results?

The bets will be anonymous since no user information will be required other than the wallet address. All transactions, matches, results, rewards, and price distribution will be recorded in the blockchain ledger. As a result, all transactions can be potentially audited.

How will it be safe?

In addition to good development practices, both betting and crowdfunding contracts will be audited by entities that guarantee their security. These audits will be published on the site as they are issued.

How is it safe for the investor?

To minimize investment risk, developers will have their shares locked until the end of the World Cup. The capital rounds of funds will be opened as the site has users and cash flow.his prevents raising more capital than the potential earnings. The source code of the auction will be publicly accessible and audited. In addition, there will be several investment instances to reduce the risk of capital losses. Additionally, a percentage of the capital will be reserved for potential buybacks.

How does the platform generate income?

For each bet made, a fee is taken. For example, 10% of a u$s 10 bet is the equivalent of one u$s fee. The investors will own a percentage of the fee, proportional to the equity. Dividends will be released on a scheduled basis to be defined.