Funfairis a developer of the platform,protocol, technology and games. We license the games toaffiliates and whitelabel casinos. They are the onesthat market it around the world to players.
Atthe moment in the online gaming industry, players don't alwaystrust the online casinos.
FunfairTechnologies is approaching the problem with trust in online gamingby building games that can't cheat.
There are two specific areas that we thinkwe can bring to this that no one else is. The first one is in the presentation of thegames. We've been working with video games for years, we know how to make thingsfun, exciting,fast, engaging.
The second area is around the actualunderlying way in which we interact with the chain.
The blockchain is a publicledger that is completely transparent, that anyone is allowedto see. Because all our games run on the blockchain,we get the fairness and the ability to be able tosee the game isn't cheating them.
One of the problems with blockchaingames is that they have a transaction fee,a gas cost for every transaction. The technology we've pioneeredis called fate channels. These all thegames to run in realtime at faster than blockchainspeeds and yet they don't have a gas cost for each transaction.
In the conventional online casino world, people have to makedeposits with credit cards into the casinos' ownaccount. So the players lose control of their own funds.
In our games the player keeps control of their funds at all times.They don't make a deposit, they don't need to make a withdrawal. Theyjust play the games directly from their owncash wallet.
In order to play the games, people use FUNtokens. FUN tokens are also used inside the game for variousservices like random numbers and they are used outside thegame to reward affiliates and whitelabeledcasinos.
We are building a broad range of products. Everything fromslot machines to table games, blackjack,baccarat, roulette.
We are building it all on top of thissystem.
Our players want games that lookgood. That sound good. That play well. That are competitivewith anything else that's out there and yet they are provably fairand lower cost which meansplayers can win more.
We built a great team and I'mreally excited about what we'll beable to do in thefuture.
With the sports betting market being sofragmented and the fact that sportsbooks are centralized authorities thatcan take weeks to pay or even take your money entirelyin case of default, it's no wonder why anyone wouldn'tmove to blockchain prediction markets.
But even theystill may take days to confirm the result ofevents.
Onthe other hand, scanning several markets for thebest odds is a time consumingprocess. You could look foradvice but risk being misled lying about theirrecords and employee unethical tactics.
The BlitzPredict aggregatoris constantly scanning themarket. You can be sure to always get the best odds availableon the time of your wager.
With our auditableliquidity reserve, you could be certain that you'll always get paidimmediately at the conclusion of an event.
Weapply techniques from the financial markets, givingusers the opportunity to execute smart contracts whencertain criteria are met such as a positive linemovement.
Last but not least,we reward our communittee'sparticipation. Users can take advantage of our staking options through ourexpert analytics portal, we can encourage andensure collaboration and contributions to theplatform.
Learn more atwww.blitzpredict.io and follow uson our social media channels forupdates.
Hieveryone,I wanted to spend a little bit of time withyou going through the web app that we've developed atBetr.bet because I think it's fantastic and I don't think wetalk about it enough. And you are probably missing out on a bunch offeatures that we all know as we'vebeen very close to it from the start.
Basically what you've gotis a fast, easy to use access to oddson sporting events.And a method of placing a bet on the blockchain, using peer to peer bets. As you know we are all aboutpeer to peer bets.
So using the blockchain to make sure it's all fair andhonest for individual betting for individuals.
Let's see all sports.Solet's go to Football, let's lookat some of the games coming up. Maybe the Bundesleaguegame with Bayern Munichfor example which is on Saturday.There are lots of things you can bet on there. We'll stick to something simple, who is going towin the game? Munich, drawor Frankfurt?
It has to be Bayern Munichto win. And the odds reflect that.
Here we have theodds that are being offered by abunch of players.
Theother players are the part of the peer to peer...
Individualsare risking their money and laying thesebets. So they are essentially taking the other side of the bet. Inthis particular case they are taking the draw orFrankfurt bet.
Thats[inaudible] better odds [inaudible]you can then layany bet.
And these are arranged by the bestodds for the point of the bettor or thepunter, that's me in this particular case.
So [inaudible]best odds you are going to get[inaudible]
Typically what you'll find is thehigher the odds, the lower the bets becausethey'll risk less money.
Let's bet on that. So I'llput 1000 BETR onto Bayern towin.
It's not just BETR you can place bets on? You can doETH as well and hopefullyEOS very soon?
I don't have the Etherin this account, so I'll do BETR.
But as yousaid you can see your currency box down here ifyou want to bet Ether which savesyou one step from getting BETR tokens.
And of courseas you said EOS very soon now which is amassive addition to our product.
96%of their apps are gambling based. Agreat market for us.So looking forward to that.
So that bet is placed.You can go to my bets here and seethe bets that have closed.
[inaudible]click the little icon there and it will take you to etherscan. Andthat's the public record.
So that's that transaction. Theactual bet itself.
Andon the other side for the layor,the risk [inaudible]
So when you place abet, the bettors money goes into a pot andthe layors risk goes into thepot and it's there and it's in escrow andno one can touch it.
That's pretty much how thething works.
There you have it. Thankyou for watching our sneak preview of all the good thingson offer at BETR.bet and we look forwardto welcoming you there to place a few bets andtry it out in real life.
Hello.SoI'm goingto beshowing you Yolorekt.It's Yolorekt.comand it's like a betting site that's on the price.
Right nowit's determining the game's strike pricewhich has kind of fluctuated. It's goingto land on 190.62.
So that's going to stay right there in the centerof the screen.And the red will turn green when it goes up, stays red when itgoes down. But you are going to bet whether it's goingto go up or down.
I'lljust throw $2 that it's going to staydown. And then you wait. Itmatters how fast you get your bet in. Itmatters how much you bet as far as what you are goingto get in the return.
Thelast time I was on herethere was like 7 people combined in the betdown and bet up and everyone was betting changeand dollars and I was losing alot. It's a game of chance really.
It's pulling thenumbers fromthe Coinbase price websocketAPI I guess. So it'susing real time price and there is no way topredict it. You kind of guess and hope. I guess if you are watchingthe markets you can assume which wayit's going to go.
Now we hit the waitingphase. And this is where I likedoing this at work while I'm doing something else becauseyou can peek over and you don't have to watch itand get real stressed aboutit.
You just kind of wait it out. I will probablyspeed this up so youdon't have to listen tometalk.[silence][silence][silence]
I don't know if I mentioned this earlier but it's using theprice of ethereum to gauge it.
Thereyou go. I got rektagain. It seems tohappen on the regular for me.
Ido find this entertaining. Iwin occasionally and it does make it worthwhile. I had a littlerun there that was pretty sweet. I just threw somethinglike $15 in and havebeen watching it slowly dwindle awaysince.
Like I said, you got this cool downperiod where you can get your emotionsright and get over yourlosses and get backintoit.[silence][silence][silence]
A prediction market enablesusers to leverage their unique knowledge by buying andselling shares in the outcome of an event. If theevent results in the direction that you predicted, they earn aprofit.
Otherwise, a loss is incurred.
This incentivizesusers to only participate in marketsthat they believe they possess unique insight into.
Markets can be based on any future event that is clearly resolvable,such as the outcome of an election or a sportsmatch. The outcome of an upcoming news event, or the priceof a stock.
Gnosis enables the creation of thesemarkets on a decentralized financialplatform. For you this means there is no risk ofmarkets being removed, funds being lost, orwebsites being inaccessible.
Odds are not set by a centralizedbookmaker as they are will traditional betting,but through peers participating with a market scoring role.
Marketsfollow a life-cycle from initial creation to aparticipation period, during which shares can be boughtand sold to a resolution where oracles are usedto close the market in the direction corresponding to thereal world outcome.
The Gnosis platform makescreating [inaudible] for a topic you careabout, as easy as setting up a Facebook page.
Forexample, a company could benefit from a predictionmarket to guide their decision making. Or a school could create a custommarket for their sports events.
Interested to see what Gnosiscan do for you? Sign-up and trade now.
Earn in weekly data science competitions
A lot of the worlds'information is trapped and unused. We are building a protocol tochange that.
Erasure let'syou predict the more valuable things that you know. And as youbuild a reputation predicting things, you canearn cryptocurrency by selling your predictions.
These could bestockmarket predictions, predictions about bitcoin or sportsor anything.
We think there are brilliant peopleout there with unique information andErause is going to set that informationfree.
Erause is an unstoppabledecentralized data market.[silence]
When I started Numerai,I knew there was a way to crowdcoursemodels. I knew that people would contribute models todatasets that we gave them. But I didn't think it was possibleto crowdsource data.
I don't think a true informationmarketplace has worked yet because it has been challengingto prove to people that if they submitvaluable data, they are guaranteed to be rewarded forit.
More over, there hasn't been an immutableledger that everybody can look backto to see for sure that somebody has made accurate predictions overtime. It turns out that cryptocurrenciescoupled with blockchain solve both of thoseproblems. And that is the root of what Erasuse is getting at.
Ineconomics, there is this term called marketcollapse. Market collapseis when there is no way to discern thequality of somethingand there ends up being nomarket for it.
That's what is happening with financial data at themoment especially prediction data.
If someone sends me anemail, I have all these predictions, I'm really good atpredicting the stock market, I would immediately delete the email.I can't trust that that personhas anything that's anygood.
But there probably is someone in theworld who could send me an email likethat and would actually be legitimate.
So if you can use a technologyto solve this problem of market collapse,you can get the people who are very good to actuallyearn the full price for theirpredictions.
Without staking, your incentive would beto submit a million predictions and on the offchance that three of them hit and you got apay out, then why not submit as many as you could?
Staking makes it so that there are not onlypositive economic incentives but alsonegative economic incentives.
This is one of the main problems with theinternet right now. There really are no negative economic incentives.It costs next to nothing to send anemail. So if you want something that is very highquality, it turns out there has to be some cost and orpunishment.
Erasure is a decentralizeddata marketplace and it uses Numeraireas its token. So what Numeraire has done over the lastyear is show that people want tostake Numeraire tokens onpredictions. And when they do stakethem, it's a sign that those predictions are going to workreally well.
Now if we could extend this to otherfinancial data, for example predictions on cryptoand extend it to other hedgefunds so that other hedge funds can use Numeraireto buy data feeds, then that'sa whole different game. It willtotally decentralize Numeraire and allow anybodyto use it. Any hedge fund to buydata with it and any data provider to submit toit.
Hero is introducingreward based peer to peer betting on the blockchain.The odds in current systems are alwaysin favor of the betting providers and bookmakers,making conditions unfair for the player.
Social dynamics are lost as interferingmiddlemen prevent direct peer to peer interactions.
Most centralized systems are non transparent,so it's difficult to follow what's going on behind thescenes, making it impossible to know who you aredealing with.
All of those issues can be traced backto the middleman.
What if instead ofone middleman, the whole community takes chargeof the moneyflow and the conditions of the bet. Everyonecan join the network, making it possible tocreate a variety of games. These games can be ofany type, limited only by the imagination of the community.
Players can bet on the outcome of thesegames. Winners are rewarded for theircorrect predictions, leaving a small pot for the hero network.
Part of this pot enables providers to create moregames and enhance the overall gamingexperience.
Another pot is used as a general dividend for alltoken holders.
Hero's economyis built to expand the network, creating a huge variety ofnew games and organic growth of the herocommunity, putting the community first as well as makingbetting transparent and enjoyable again is Hero'smission.
We are living in revolutionarytimes. The blockchain technologychanges everything.
It distributes power amongmany instead of centralizing it in the hands of theelitest few.
Invest.com chose blockchain as itsbusiness ideology. The immediate result was the birth ofStox, an open source ethereum basedprediction market platform where people can trade the outcomeof events in almost any imaginable category --sports, celebrity marriages,election results and even the weather.
Set yourprediction and trade it.
It is a peer to peer,decentralized global platform built on the samesystem of trust that is the core of the blockchainvision.
The power behind the Stox platformis the STX digital token, a trading currency that willincrease in volume with each and every trade anywhere on theglobe.
Invest.com is a real company, makingreal business with 200 employeesworldwide. Top programmers and marketing specialists,we generate over $50M in revenue.
Our 3 million registered users will become the initial drivingforce behind the STX token.
We open thedoor for other industry leaders to join ourecosystem and enjoy the benefits of the STX token.
Together we can grow into the largest decentralizedmarket in the ethereum ecosystem.
Fire Lotto is an internationalblockchain lottery with a guaranteed prizepool of more than $1 USD. The lotteryis based on the blockchain of ever rising price of cryptocurrencies.
The interface of the program resembles traditionallotteries and is clear even with peoplewith little computer knowledge.
A player can choose betweenthree kinds of lotteries with drawing taking place every sixhours. And the [inaudible] instant lottery,an analog of the traditional Fortune's wheel inethereum and bitcoin.
The prize pool varies between$7000 and $1M depending on the type oflottery.
The prize drawing is guaranteedby the smart contract algorithm which gives fullanonymity and transparency in the distribution of funds.
The principle of blockchaintotally rules out anybody's intervention. The drawing andcrediting of funds to the wallets of winners takes placeautomatically and is controlled by the algorithm of the programonly.
The source code of which is put on the web and isavailable to the public for checking.
70%of the funds received from the sales of tickets is contributedto the prize fund which is a recordfigure for these types of lotteries.
The maximum amount of winning is notlimited and can reach multi millionamounts.
The winner receives money instantly and the entireamount of winning is not taxed.
In additionto the usual participation in lottery, the players have an opportunityof buying tokens and being a co-ownerof Fire Lotto by receiving a percentage ofprofit from each drawing.
The smart contract guaranteesan investor a bonus of 10% of ticketsales. 15% of funds are invested by its creators inthe promotion of the lottery.
The cost of tokens willcontinue to increase, so the bonus paymentwill become for their holders an almost never ending sourceof income yielding from 20% to 50%per annum.
You can buy Fire Lottotokens at the lowest price at the start of preliminarysales inearly January.
What are the chances of winning thelotery? About the same as meeting an astronaut in thestreet. And it's even more likely that hegets struck by lightening at the very samemoment.
Stop. Lottery needs a revolution.
Lotteries like any form ofgambling can be manipulated against itsparticipants. Despite the high degree ofregulations claimed bythe organizers.
Due to the high degree of centralization of the lotterysystem, organizers wielda considerable amount of power that's liable to be abuseddue to the current lack of transparency.
Moreover,fees, delayed payments forwinners and the trouble in opening global access for players andalmost impossible chances of winning are issues that needto be addressed.
Let's move to thedigital era with Loteo and make a revolution inevery possible way.
In Loteo you onlybet against other purchased tickets. So yourchances to win are much higher than in standardlotteries.
There is a winner in every drawing.
Thanksto the blockchain, the system is secure,transparent and you can track all transactionsthat are executed by smartcontract rather than having to do it individually.
Your winning amount is instantly credited to youraccount and you can withdraw it withinseconds.
Loteo is the first lottery of its kindto connect players from all around the world, eventhose on places with low bank infrastructure.
We change untrusted organizationto trust it and we make 100% availability ofour service for all playerswith fast and secure paymentoptions.
Loteo operatesin a 100%fair, trustworthyand transparent way.
The lotteryrevolution starts today. Come to join me onmy mission to the moon.
Blockchain for casinos
Hi my name is Michael and I'm DAO.Casino'sCTO.
I have two decades of versatile experience inIT as a software developer,architect and delivery manager in such companiesas [inaudible] etc.
AtDAO.Casino I'm responsible for the delivery of the casino platform.And all the detailssuch as blockchain integration, the wallet andso on.
I previously spent several yearsworking for Russian iBanking software developmentcompany and during this period I watched the industrybecome increasingly centralized and state owned.
By 2017 I had become fascinatedby decentralized solutions and firstexplored the blockchain space with attempts atcreating start-ups related to crypto exchanges.
Astime has moved on, I've evolved into venturingdeeper into blockchain technology.
DAO.Casinohas a very interesting project with a capacityto create a whole new generation for the gambling industryusing revolutionary solutions forgambling 3.0
Starting my job at DAO.Casinoafforded me the opportunity to be a part of thatjourney.
Aside from blockchainbeing a very technically interesting and challenginglycomplex technology, I'm interested in it for wider reasonstoo. I'm driven by the capacity ofblockchain to provide humanity with a chance tobuild more democratic societies, harnessing and leveragingdecentralization and censorship resistance.
DAO.Casino's platformconsists of several high level components. The blockchainitself is designed to enable high speed transactions withfinality and on chain random beacon smart contracts thatincrease transparency and calculations[inaudible] gambling process. Casinos,game developers, affiliates,gamers.
[inaudible] customization,preferences, game files and all the things forwhich there is no way to store in blockchain.
Compared to existing casino models,DAO.Casino [inaudible]. The main benefitsof our tech include depositlessgaming as casinos on our platformdon't own player's assets for any period of time. Insteadtokens are reserved only during the gamesession and are locked into smart contracts on theblockchain.
That way platform owners need notworry about custody management which players can restassure they won't have accountsblocked.
Provably fair, our technology provides immutablemathematical proof of fairness in the gamealong with game results which send proof thatall processes from the random numbers to the gamelogic are truly fair and have not been tamperedwith.
Transparent revenue share calculations. Allcalculations concerning distribution of[inaudible] affiliates, game developers,casino owners, are made on the blockchain for completetransparency.
Transactions are validated and submitted to the blockchain byvalidators or block producers. On most blockchainsvalidators receive a reward for creatingblocks through transaction verification.
To become a validatorin proof of work protocol such as bitcoin or ethereum,you need high performance computing devices,graphic cards or ASICs.
Howeverin delegated proof of stake protocol, youalso need to own a certain number of tokensclassed as your stake. The number of blocks that you canproduce is proportional to your stake.
You can run your own node, server with blockchainand delegate your tokens to it. Or you candelegate tokens to someone else's node.
So to become aDAO.Casino blockchain validator, you have to run ablockchain node and stake some bets to it.
Theblockchain node code is open source. You canfind it on our DAO.Casino gitrepository.
The near term goal is to launch testnet 2.0with governance implemented. Governance for those whodon't know is basically a set of rules for the futureevolution of the blockchain and itsinternal management.
Currently our testnet work has passed aseries of benchmark tests which confirm it having the higheststandards of reliability and performance. In ourlatest load test it was 1000 transactions persecond. With that load we have achieved [inaudible]finality. This shows that our[inaudible] finality algorithm is not sensitive to the amount oftransactions per second and can give extremelyquick finality under enormouspressure.
We have issued an article on our website answeringthis question in detail. But brieflywe need an established working blockchainwith high performance and sureblock time that scales.
We need deterministicfinality and we've implemented it withthe [inaudible] on chain random beacon. We know that we can implement it,[inaudible] fork.
We need[inaudible] mature virtual machines. [inaudible]that assembly and[inaudible]
There will be a tokenbridge. You freeze [inaudible] in ethereum andreceive the same amount of tokens on theDAO.Casino blockchain.
All previousgames were developed using our SDK. We[inaudible] backwardcompatible as we possibly could with afew little changes, all JS code will continue working.
Either way game developers will have to rewrite the code that waswritten in Solidity language [inaudible]
PoolTogether is arevolutionary no loss lottery. Buy a ticket for a chance towin and if you don't win get all your moneyback. Here is how it works.
In a traditionallottery, many people buy lottery tickets.All of the money goes into an institution and a winner israndomly chosen.
One person gets a lotof money, everyone else losesmoney.
But here is how PoolTogether works. Peoplebuy a PoolTogether savings ticket and all of the moneyfrom the ticket goes into a smart contract.Our smart contract stores the money in an interest earningaccount and at the end of the pool everyone gets their moneyback.
But one lucky person also gets all theinterest earned on all the money. Everyone has a chance towin but no one loses.
This isa big idea because it turns the most popular moneylosing game in the world into a savingsgame and that will help all people achieve financialsecurity.