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

    1.Transaction functions 

    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
    betting
    .”

    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 hous
    e

    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
    field.



    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
    Masternodes
    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
    matches.
    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.












    Supported Leagues

    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.



    Basketball
    ○ NBA, NCAA Men's, EuroLeague,
    ● Baseball
    ○ MLB, NCAA Baseball, World Series of Baseball
    ● Hockey
    ○ NHL, KHL, AHL
    ● AM Football
    ○ NFL, NCAAF
    ● Soccer
    ○ FIFA, UEFA, COFEDCUP, EPL, MLS, ELO, ELT, FACUP
    ● Rugby
    ○ NRL, RFL, EPSHIP, TRC, RWC
    ● Cricket
    ○ ICC, CWC, INTC
    ● Golf
    ○ PGA, ETOUR, RYDRCUP
    ● Tennis
    ○ ATP, DAVISC, ITF, GST
    ● MMA
    ○ UFC, BEL
    ● Boxing
    ○ International
    ● Olympics
    ○ Winter, Summer


    Sport Leagues supported for Peerless Direct Chain betting
    ● Horse Racing
    ○ International
    ● Motor Sports
    ○ NASCAR, FORMULA-1, INDYCAR

    Competitive Analysis
    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
    betting.







    Roadmap

    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
    random bonus.

    Example 1

    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.

    Example 2

    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.

    ICO Milestones

    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.

    ICO Contingencies

    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.



    ICO Distribution


    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
    follows.
    ● 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.


    Links:


    Website:

    Github:

    Reddit:

    Slack:

    Twitter:

    Facebook:

    News:

    White paper:



  • Wagerr (WGR) Twitter Campaign.

    Purpose

    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.

    1. Have a twitter account with more than 15 followers
    2. Follow @wagerrx@wagerrx and receive 5 WGR (limit 2 per day, at least an hour apart)
    3. Sign up for an account on wagerr.comwagerr.com email (the one you signed up with)l to @wagerrx on twitter.
    4. 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! 

    Demo Wallet

    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.



    Guaranteed development

    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
    conversions!

    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!“    

    Buy Now:

    Good luck!

    Wagerr.com



  • Wagerr ICO closes in less than 36hrs.

    Wagerr Crowdsale closes on 25. Jun 2017.

    Buy Now:



  • Wagerr Issuance Update - Withdrawal on Waves

    ✅ Wagerr Withdrawal on Waves update ✅

    Genuine Wagerr tokens have a check mark indicating verification

    The Wagerr Team has created and verified the Wagerr asset token with Waves!

    The Waves network proved to be an extraordinary match with the needs of the Wagerr community compared to other asset token issuance blockchains because it features a built in exchange, fiat gateway, fast and reliable transfers, and lightweight, user friendly wallets on all devices. We are excited to issue intermediary Wagerr tokens on this groundbreaking platform.

    Only Trade Verified Tokens  You will know that the Wagerr token is authentic when your Waves client shows a green check mark ✅ next to the token name “Wagerr” with the official token ID 8t8DMJFQu5GEhvAetiA8aHa3yPjxLj54sBnZsjnJ5dsw.

    The “verified” status will reflect in all Waves wallets, pending a Waves system update which propagates the verification across the Waves network. Only after this verified status displays in all wallets will Wagerr tokens be available to withdraw to personal Waves wallets.

    Verification is a precautionary step the Wagerr team is taking for the security of ICO participants, potential new investors, and the community.

    Round bonuses and bounties  Round bonuses will be credited to accounts within the next 24 hours. Bounty coins will be handled shortly after.

    We’ll be sending out an email with detailed instructions for accessing your Wagerr tokens over Waves as soon as they are available for withdrawal.

    Stay tuned!  The Wagerr Team



  • Wagerr (WGR) Developmental and Roadmap Updates

    It has been a whirlwind since the completion of the Wagerr crowdsale, the team has had their heads down churning away on development, this has led to a bit of a communications vacuum. Moving forward we expect regular communication and Monthly news updates to show progress and major news.


    Developer Hiring
    Wagerr has successfully hired 2 new capable developers, and is currently seeking a third. The qualified Developers  are talented in C++ and has previous blockchain experience, this should ensure we keep on target with our projected timeline, as well as planned feature implementation.

    Developmental progress
    On our internal private testnet we have tested a head to head blockchain bet, successfully embedding betting information into the transactions. Additionally, the Wagerr roadmap will be updated over the weekend with new features to be implemented for reaching our crowdsale stretch goals.


    Whats next
    We have been focused on finalizing the atomic pairing of Head to Head bets. This is critical for us to ensure that the chain does not process bets/transactions that do not have pairs.  After we finalize that code we will be moving on to decentralizing the oracle network.  The process for that includes us unifying the posting language and allowing the checkpoint blocks to determine consensus.

    Mayweather vs Mac
    The response on Mayweather vs McGregor has been tremendous. Nearly ¾ of a million wager have been put on the line, which means one thing….

    Wagerr. Will. Be. Burned. 

    As it will be on the live chain, Wagerr will be burning the fees. Should the bet result in Wagerr.com carrying a loss, the team will cover it out of the funds allocated to compensate the original developers of Wagerr. 

    PS.

    We are working on a partnership with a Bitcoin ATM company that would make wagerr integrated into every BTM they deploy, this would make it easier for normal users to get fiat in and out of the wagerr network.

    Stay tuned for a future update



  • Wagerr Coin [WGR] New Exchange 

    Wagerr Coin [WGR] is listed: https://t.co/SbKPKYJpSS
    Wagerr Coin Dice: https://t.co/hy28tg5Eg6



  • Wagerr (WGR) Lite wallet available


    New Wagerr branded Waves Lite wallet

    Try out the new Wagerr wallet for Wagerr-over-Waves tokens. Wagerr is
    the featured token, making it easy to track your balance and
    transactions from the front page. Trading Wagerr on the decentralized
    exchange is also featured. When you import your Waves Lite wallet, your
    balances and complete transaction history carry over automatically since
    it's the same blockchain.

    Due to changes in Google’s policy, we are unable to publish new web apps
    in the same manner as the Waves Lite App. Please follow these steps to
    add the Wagerr Lite Wallet to Google Chrome:

    1. Download  WagerrLiteWallet5.1.zip from the Wagerr Github.
    2. Unpack the contents into a familiar location (Note: Remember file location for future updates if you want to keep your account registered with the app).
    3. Open a new Chrome tab and enter the extension page by browsing to chrome://extensions
    4. Locate the extracted folder. Click and drag the folder into the Chrome extensions page. (If you hover, you’ll see the text, “Drop to install.”)
    5. The following should appear :
    6. Click on Details and then Create Shortcuts as needed
    7. Launch

    When updates are launched in future you will need to extract the
    new files in the same location as the previous files as mentioned in
    Step 2. Then click the “Reload” button in the extensions page. By doing
    this you will retain all your login information.

    Once you install the extension, import your Waves Lite wallet seed. You
    will be prompted to supply a new wallet name and password. Be sure to
    record your credentials securely because anyone who has your credentials
    can own your wallet.

    If you haven’t withdrawn your Wagerr tokens from wagerr.com yet, please follow the instructions posted in the Waves Guide. The process to withdraw using the Wagerr branded wallet is the same!

    Note: Transaction and trade fees must still be paid in Waves denominations. Paying transaction fees in Wagerr is not yet available, because the Waves network intermittently rejects transactions with any token denominated fees other than Waves. In the meantime, you can obtain Waves dust for free from wavesplatformfaucet.com and wavesdrop.com.

    Source code for the Wagerr Lite wallet will
    be published on github for transparency, security, and to contribute to
    the open source community.

    Internal testnet: active development

    The internal testnet is under active development. The Wagerr QA testing
    team surfaced a security vulnerability in the code for how betting
    transactions are processed. Due to this threat the team is hiring
    additional blockchain specialists to re-engineer the attack vector
    before we open the testnet to the public. Eliminating this vulnerability
    will allow the team to build on top of  a secure system so all future
    betting types will be secure so the team can start with a solid
    foundation that supports all projected developments.

    We have hired a new developmental project manager to oversee all new hires and coordinate efforts across our entire dev team.

    We will be releasing an updated timeline for our first open testnet that
    will be using centralized oracles at the end of this month.

    Upcoming: Betting events

    Wagerr will be announcing a series of high profile betting opportunities
    for a variety of sports betting markets. While the blockchain tech is
    still in development, the team intends to make betting with Wagerr fun
    for the community. At the same time, these promotional events reach new
    users and expand the user base. Wagerr is also negotiating sponsorships
    that will give Wagerr greater visibility. Stay tuned for more chances to
    win.

    Have fun and good luck!

    The Wagerr Team



  • Wagerr (WGR) Mainnet launch on track. Team expands.

    When
    Wagerr released the Wagerr-Lite wallet in the last update, we also
    reported that the dev team had identified a security challenge. To
    address it, we brought in one of the top blockchain security
    consultants. Following the review, Wagerr has revised the roadmap to
    make the necessary changes in design.

    The challenge

    The main challenge facing developers is that the original architecture
    was designed to accommodate a much narrower vision and scope for Wagerr,
    with a focus on P2P contracts of real-world events. The overwhelming
    enthusiasm during the ICO, however, afforded us the opportunity to
    expand our vision. Thanks to the additional resources and user base, we
    broadened the project scope to include fantasy leagues, e-sports, and
    live in-game betting.

    To achieve our new goals, the original prototypes for Wagerr must be
    discarded and replaced with more complex architecture. This change in
    design requires us to reboot development and make new hires, and we are
    currently in the process of onboarding two additional C++ blockchain
    developers.

    The road ahead

    Consequently, we anticipate a 3-6 month delay of some near-term targets.
    On the bright side, the team has reconceptualized the sequence of the
    roadmap, allowing us to achieve some components sooner than originally
    anticipated. Furthermore, we believe the overarching targets are still
    within reach.

    One crucial and exciting component we intend to launch on schedule is the Wagerr mainnet.
    This means Wagerr holders will be able to operate Masternodes and earn
    Wagerr for staking coins as soon as the mainnet starts! However, betting
    and Oracle functions will not be available, but will instead remain
    sandboxed in a limited testnet, which will launch and run in parallel.
    Our target for mainnet+testnet is January 15.

    "It took the madmen of yesterday for us to be able to act with extreme clarity today. I want to be one of those madmen. We must dare to invent the future." — Thomas Sankara

     

    Expanding public relations

    Wagerr is excited to announce it is seeking a Community Ambassador to
    develop and cultivate the Wagerr community and to build positive
    industry relationships. The position will foster a supportive and
    growing community, raise Wagerr’s profile across the media,
    cryptocurrency, and event forecasting industries, and promote Wagerr as
    it develops and grows.

    As we scan the regulatory environment, it becomes even clearer to the
    Wagerr Team how important a decentralized solution for sports betting
    really is. Rumors about China's regulation of digital currency
    exchanges, for instance, cracked the price of Bitcoin in days.

    Sports betting is one industry where government regulation always means a
    shift in the answer to the question of who is abusing the power. The
    Wagerr team is more committed than ever to delivering the secured
    trustless system that disrupts autocratic centralized abuses of power.
    Betting belongs on the blockchain for good reason.

    Have fun and good luck!

    The Wagerr Team



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