JustBet

JustBet

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The JustBet protocol operates autonomously with pre-built algorithms for each game - based on the amount a player has wagered the user will automatically mint native WINR tokens on the platform at a rate predetermined by the smart contract for each period until the token reaches max supply. Each time a user wagers, their total amount wagered will be converted into a number of WINR tokens. This concept is called Proof-of-Wagering.
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To be announced
Token Details
Ticker
WINRS
Additional Details
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Platform

About JustBet

In JustBet, built-in algorithms continuously calculate and then select and settle on the best mathematically available operational decisions. Every JustBet game contract is connected to the router contract. When a game is played, a win or lose function is triggered depending on the game result (winr.mint function and winr minting). Each game has a spacing between a predetermined set of numbers. For example, for dice, the protocol limits the numbers between 1 to 100. For every bet, the protocol takes the transaction hash of the bet on the blockchain. The protocol combines the block hash, timestamp, and block difficulty of the transaction. The protocol then gets the integer of this combination as the random number. The protocol then uses this random number as the winning number for the game result.

JustBet will be offering a large line of games that all users will be able to play in a fully decentralized and autonomous environment with no human intervention. Here is a list of some of the games you will eventually get to play. Don’t forget that USDT (Tether) is directly playable on the JustBet platform alongside TRX (Tron token). The USDT WINR minting formula is exactly the same as the TRX WINR formula.

Users are able to mint WINR tokens as they play on the JustBet platform. WINR tokens are generated (minted) by Proof of Wagering. At each minting period, there is a certain predetermined amount to be minted. There will be 3 unique waves and a total of 3 phases within each wave making a total of 9 total unique waves of token distribution. Each wave and phase will have different amounts of tokens allocated to them.

The tokens that are available for the minting should be minted to our developer address with a 1:1 ratio as users are minting. So, once users have minted 2,887,500,000 WINR our developer address should by then receive the same amount in real-time. In the mining page, the Progress bar is the general mining progress for all the tokens available for minting.

JustBet Roadmap

  • Q1, 23:

  • January: An incentivized testnet is launched, allowing users to test the platform and provide feedback before the mainnet release.

    February: The audit process begins.

    March: The official launch of JustBet on the mainnet will be enabled, allowing users to place bets and earn rewards using real assets.

    March onwards: New games will be released bi-weekly, providing a constantly evolving and exciting betting experience for users. New games include but are not limited to Degen Perp (500x, 1000x longs and shorts), multiplayer Roulette, multiplayer Sic Bo, Keno, Mines, Horse Racing, Video Poker, Baccarat, and many more.
  • Q2, 23:

  • Transition into a smart account system using MetaMask Snaps will be implemented, enabling easy and secure access to the platform. This will replace one-click betting with a decentralized version.

    Optimism and zkSync will be deployed, providing increased scalability and faster transactions.

    An incentive program for liquidity providers will be launched, encouraging users to contribute to the platform's liquidity and growth.

    0xsportsbet testnet will be launched, allowing a test phase during the summer to collect feedback and for the mainnet release in Q3.

    The platform will be constantly updated and improved based on user feedback and market trends to ensure that JustBet remains at the forefront of the decentralized betting space.
  • Q3, 23:

  • Introduction of real-time card games, such as Poker and Blackjack, powered by the SupraOracles dVRF (distributed VRF), which will allow smart contracts to fetch multiple random numbers in less than a second.

JustBet Last News

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