These challenges have not only stripped away the fun from betting but has also created a sinister, illegal market estimated at over $400 billion annually, and isolated a large number of potential players.
DogRacing is here to remedy the situation.
INTRODUCING! DogRacing! World’s first cryptocurrency value betting platform! The ultimate cryptocurrency betting platform based on Ethereum Smart Contract. Visit the website: https://dogracing.io/
DogRacing is not only eliminating these challenges but also upping the fun by a thousand degree through its novel cryptocurrency value index betting. The platform stands at the exciting intersection between the growing online betting industry, the most disruptive technology known to man - blockchain, and the most secure medium of exchange - cryptocurrency.
The DogRacing platform will enable players to join a race of cryptocurrency index change during the selected period of time and place a bet on any coin of their choice. The platform offers a frictionless and direct betting network for users to bet on their favorite cryptocurrency against others. Through an intuitive and easy-to-use interface, our platform will facilitate various tournaments and games based on value change of cryptocurrency. Due to the nature of blockchain and cryptocurrency technology players can rely on the safe betting environment via Ethereum Smart Contract.
DogRacing not only leverages blockchain technology to record all data, winnings, and transactions but also backs every exchange through its proprietary smart contracts. The smart contracts ensure that winnings are paid instantly, secures all bets, and no third-party interference can occur - only the finish line matters! Which cryptocurrency will outperform the other by the end of the day?
DogRacing’s intuitive platform enables players to join a race of cryptocurrency value change during the selected period of time (1 hour, 1 day or 1 week) and place a bet on the coin of their choice. The platform’s proprietary smart contracts ensure safety, transparency, and anonymity for every bet placed and the game played, and its utility token, the DGR, offers additional features and betting options. Token holders will be entitled to monthly dividends from a pool generated by the 5% commission off every bet on the platform. 10% of all tokens are designated to Jackpot pool and only token owners can compete for Jackpot winnings. Token holders are also entitled to voting right.
Vision
To become the biggest and most accessible cryptocurrency value betting platform with the simple-to-use interface, exciting games, and seamless liquidity options
Goal
Innovative and industry-standard, the user-friendly betting platform for cryptocurrency enthusiasts, investors, traders, and anyone looking to put their crypto knowledge and assets to work by betting on their favorite coin.
Objective
DogRacing will unite cryptocurrency enthusiasts, investors, and specialists unto a secure and transparent platform where everyone can bet on their favorite coin and win exciting rewards. Developed by a highly-talented team, we are building the largest and the most popular cryptocurrency index betting platform.
Finance
Revenue is generated from a bankroll pool that collects 5% from every bet placed. This is later paid as dividends to token holders. 10% of all tokens are assigned to a Jackpot pool exclusive to DGR token holders.
How DogRacing Works?
DogRacing is a parimutuel betting system based on percentile cryptocurrency value change during a selected period of time. For example, 5 players bet on 3 different cryptocurrencies for a week-long race as follows:
> Player 1 bets 1 ETH for cryptocurrency #1
> Player 2 bets 10 ETH for cryptocurrency #1
> Player 3 bets 1 ETH for cryptocurrency #2
> Player 4 bets 0,5 ETH for cryptocurrency #3
> Player 5 bets 1 ETH for cryptocurrency #1
The total pool of money is 13.5 ETH when the 5% fee for the bankroll is removed, the pool total becomes 12,825 ETH and the race kicks off as soon as the admittance period for bet placement is closed. The players’ funds are locked into a smart contract for the duration of the race.
With the race set, our proprietary smart contract protocol kicks in tracking the value index change of the cryptocurrencies bet on (racers) and calculating the delta, commission and winners at the end of the race. Let’s say the hypothetical winning odds for each cryptocurrency bet on is as follows:
> Cryptocurrency #1 – 1.052
> Cryptocurrency #2 – 12.825
> Cryptocurrency #3 – 25.65
Cryptocurrency #2 had the largest percentage increase during the stipulated period, making player 3 the money pool winner. In case of service errors, players will have their deposited funds returned back to them via smart contracts.
Additional Games
The following are the additional game modes will be implementing on the DogRacing platform:
- LAST MAN STANDING: A monthly Tournament will be launched once the entrance fee of 0.1 ETH is paid. Players have 7 days to observe the market and choose their bets before the tournament starts. The tournament is started and lasts for 1 week. After the race is over, 50% of players with best results proceed to the next stage and remaining players are eliminated. Each round 50% of players proceed to the next stage. Winner of week 4 collects 70% of the funds and remaining players share 30%.
- P2P DUEL: This is a peer-to-peer between two players that allows you to create your own token/ coin race between two cryptocurrencies. Once a player chooses two coins/tokens from TOP 10 lists and the betting amount is confirmed and any opponent can accept the challenge by choosing different token/coin. For example, if player bets that token’s A value increases the most during the set period of time, another player can bet against it by selecting token B and betting on its value increasing more. Token/coin with the highest increase in percentage wins the race.
- MYSTERY BET: This is an additional feature when placing a bet. A pop-up will appear asking if the player wants to choose a mystery bet for an extra cost (0.01 ETH). Based blockchain-based RNG, the player will have the opportunity to win 1 ETH. Funds for this pool is generated from the mystery bet entrance fee.
- JACKPOT: Entrance fee is paid in DGR tokens only. The amount will be specified. The player picks X cryptocurrencies that will finish the race from 1st to a particular position determined by real-time variables. Upon selecting the winning sequence order, the player will be rewarded by 10% of current Jackpot funds. After ICO is complete, 10% of all tokens are assigned to jackpot funds.
DGR TOKEN
DogRacing is a DApp, built and developed on Ethereum Blockchain Protocol and powered but its utility token, DGR.
DGR token holders will be entitled to monthly dividends from a pool generated by the 5% commission off every bet on the platform (5% of the total betting amount) and can participate in exclusive Jackpot games and compete for winnings.
Dividends Payout
Upon DogRacing reaches its goal of 1000 ETH turnover per day, 50 ETH will be transferred to a bankroll and token holders will share monthly dividends proportionally. Considering a moderate average betting amount of 100 ETH daily, token holders will receive an annual return of 20%. When average daily betting amount reaches 1000 ETH annual dividend payout is estimated at 200%.
Jackpot
10% of all tokens are assigned to Jackpot funds. Token owners will have the unique option to bet on a special Jackpot race. Picking a determined amount of currencies in ranking order will unlock 10% Jackpot winnings. Jackpot tokens are not entitled to dividends while they are in the house.
Voting
DGR Token owners will have the right to vote regarding dividend payment, race duration and other important features as we announce, implement, and deploy them.
CROWDSALE
Token Information: DogRacing will mint 326.250.000 DGR tokens and issue a limited amount of tokens, 212.062.500 DGR (65%), to whitelist members and the public.
Token holders will be entitled to monthly dividends from a pool generated by the 5% commission off every bet on the platform.
10% of all tokens are designated to Jackpot pool and only token owners can compete for Jackpot winnings. Token holders are also entitled to voting right.
Jackpot tokens are not entitled to dividends while they are in the house, therefore token holders will share Jackpot’s dividends proportionally.
DGR tokens will be offered at 18,000 per ETH.
ICO Schedule
- Pre-sale launch (2018.04.20): 24-hour priority sale to whitelist members. 23400 DGR tokens will be available per 1 ETH (30% bonus).
- Stage 1 (2018.04.21 to 2018.04.24): Unsold tokens will be available for public purchasing at the rate of 1 ETH – 23400 DGR tokens.(30% bonus).
- Stage 2 (2018.04.25 to 2018.05.02): DGR Tokens will be available at 21600 per 1 ETH (20% bonus).
- Stage 3 (2018.05.03 to 2018.05.15): DGR Tokens will be available at 19800 per 1 ETH (10% bonus).
- Stage 4 (2018.05.16 to 2018.05.22): DGR Tokens will be available at 18000 per 1 ETH (standard price).
> The Soft cap for The Crowdsale event is 500 ETH.
> The Hardcap is set at 9100 ETH.
> All unsold tokens will be burnt within 7 days after the ICO.
> Founder’s tokens will be unlocked every quarter in 5% installments.
For more information, Visit the link below:
Website: https://dogracing.io/
Twitter: https://twitter.com/DogracingIO
Facebook: https://www.facebook.com/DogRacing.io/
Medium: https://medium.com/@DogracingIO
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1238604;sa=summary
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