• Latest
Decentralized Peer to Peer Sports Betting Marketplace

Decentralized Peer to Peer Sports Betting Marketplace

November 22, 2018
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

März 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

März 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

März 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

März 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

März 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

März 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

März 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

März 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

März 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

März 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home ICO

Decentralized Peer to Peer Sports Betting Marketplace

coinnewsdaily by coinnewsdaily
November 22, 2018
in ICO
0
Decentralized Peer to Peer Sports Betting Marketplace
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

ZenSports is a peer-to-peer marketplace, built on the ICON protocol, that lets anyone around the world accept or create sports bets. There is no need to use a centralized bookkeeper since everything is handled via the platform using Smart Contracts.

With ZenSports, you can create bets with your chosen terms and wait for others to accept them. Thanks to the use of ZenSports, it is possible for anyone to “become a bookmaker” without the need to get a gaming license.

ZenSports is a decentralized platform that uses smart contracts. It is built on the protocol from ICON that allows for a trustless system. The marketplace settles any disputes that arise in addition to the bet results.

The ZenSports token economy uses the SPORT token, which streamlines the rewards, penalties, payments, bets, and funding processes.

How Does ZenSports Work?

If you want to place a sports bet on your own terms, you can create a bet with those specific terms and wait to see if someone else accepts it. Due to the size of the platform, there is a good chance that your bet will be accepted, provided it has reasonable terms, with the chances increasing as the platform grows. Alternatively, you can look at the existing bets that other ZenSports users have created. If you see one that you like the terms of, go ahead and tap a few buttons to accept their terms. Due to the uniqueness of the marketplace and the varied interests of users, ZenSports makes it possible to find bets that you would never find in a traditional sportsbook.



The maker of the bet is the person who will submit the results of that bet. Takers can dispute the results if the maker was not honest or if there is a disagreement. The marketplace then votes on the disputed results, with the token economy incentivizing every single party to act honestly and in good faith.

Related articles

Here are 3 ways hodlers can profit during bull and bear markets

Here are 3 ways hodlers can profit during bull and bear markets

April 30, 2022
fans

Fungible Fan tokens: Day trading your favorite sports team

Oktober 8, 2021

What Is the SPORT Token?

SPORT is the token behind ZenSports. This token has its own economy and serves a range of functions, including funding accounts, placing bets, making payments, paying penalties, and earning rewards. The marketplace redistributes betting fees depending on the SPORT token percentage. This makes it possible to earn passive income each month just by holding the SPORT token.

The token allocation includes 1 percent of tokens given to each the PreSeed Round First Tranche and Second Tranche. In addition, 50 percent is allocated to the ICO sale and 17 percent to the founders, advisors, equity holders, and employees. Another 4 percent of tokens is distributed to ICO marketing, such as bounties and airdrops, and the final 27 percent is held in reserve.

What Should You Know about the Token Sale?

The presale for SPORT tokens runs until Nov. 30, 2018, with the public sale running from Dec. 1, 2018, to Jan. 5, 2019. The token price range is $0.0024 to $0.006, depending on the time during the sale. There is a minimum investment of $25 and a maximum investment of $8 million up to the hard cap, which is $12 million.

During Tranche 1, from Dec. 1 to 9, there is a 60 percent bonus with SPORT prices at $0.0024. During Tranche 2, from Dec. 10 to 18, there is a 33 percent bonus, leading to a price of $0.004 per SPORT. Tranche 3 is from Dec. 19 to 27 with a 17 percent bonus for a price of $.005 per SPORT. Finally, there is no bonus during Tranche 4, which is from Dec. 28 to Jan. 5, and a price of $0.006 per SPORT.

ZenSports Token Sale

Passive Income

As mentioned, you can earn passive income just by holding the tokens. Since ZenSports is a centralized marketplace, 100 percent of the betting fees that the platform collects are remitted back to the token holders. These fees are paid based on the overall percentage of SPORT tokens owned with payments once each month.

How Do You Manage your ZenSports Funds?

There is a single location in your ZenSports account for managing your funds and transactions. Via your account, you can easily transfer SPORT or ICX tokens in minutes. You can make a deposit via credit card or ACH transfer, both of which are also offered for fiat payouts. ZenSports ensures that viewing and accessing funds are fast, simple, and safe.

What Devices Can You Use with ZenSports?

To make ZenSports more accessible to a range of users, it is available for both Android and Apple devices in the Google Play Store and App Store, respectively. The fact that ZenSports already has a functional product places the project in sharp contrast to competitors since most blockchain and cryptocurrency projects only have an idea, possibly with very little development.

ZenSports App

While the product from ZenSports is already fully functional and available on both Android and Apple devices, the team is still working to expand availability across multiple jurisdictions. At the moment, you can only use the betting platform outside of Canada, the United States, and Europe. ZenSports is working to get licenses for those jurisdictions, so you should expect expanded availability in the future.

What Does the ZenSports Roadmap Look Like?

As mentioned, ZenSports already has functional platforms for Apple and Android devices. As such, a good deal of the roadmap has already been completed. September 2018 saw ZenSports launch the fiat version of its sports betting platform. In Q4 2018, ZenSports created the SPORT token, as well as smart contracts for the ICO. It is taking care of the PR and marketing for the ICO and conducting the ICO, which runs into Q1 2019.

Roadmap

Q1 2019 will also feature the integration of SPORT and smart contracts into the platform. Meanwhile, Q2 will feature a design refresh for the user experience and interface.

Conclusion

ZenSports is a peer-to-peer marketplace for betting on sports where users get to choose an existing bet to accept or create their own that other community members can then accept. The marketplace is decentralized, and those who hold SPORT tokens earn passive income via a percentage of the betting fees.

The ZenSports token sale is currently underway.

Useful Links

Credit: Source link

Share76Tweet48
Previous Post

Major Banks Sign Up for New EU Commission Blockchain App Association

Next Post

Norway Ends Power Tax Subsidy for Bitcoin Miners

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Here are 3 ways hodlers can profit during bull and bear markets
Ethereum

Here are 3 ways hodlers can profit during bull and bear markets

April 30, 2022
fans
Business

Fungible Fan tokens: Day trading your favorite sports team

Oktober 8, 2021
Crypto Listing and Delisting Announcements: Week 34
Alt Coin

Crypto Listing and Delisting Announcements: Week 34

August 24, 2021
LaneAxis: Revolutionizing the Freight Industry through their Blockchain Powered Platform
Business

LaneAxis: Revolutionizing the Freight Industry through their Blockchain Powered Platform

Juni 25, 2021
Proposes „Safe Harbor“ Period for Crypto Token Sales in U.S.
ICO

Proposes „Safe Harbor“ Period for Crypto Token Sales in U.S.

Februar 7, 2020
Token Sale for Novel Blockchain Healthcare Platform
ICO

Token Sale for Novel Blockchain Healthcare Platform

September 12, 2019
Load More
Next Post
Norway Ends Power Tax Subsidy for Bitcoin Miners

Norway Ends Power Tax Subsidy for Bitcoin Miners

Kategorien

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

Please enter CoinMarketCap Free Api Key to get this plugin works.
✕
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev