Kryptium is a user-friendly, decentralised, peer-to-peer betting platform.
PEER-TO-PEER
Kryptium cuts out traditional bookmakers and allows players to bet against each other on their own terms.
NO LIMITS
There are no limits on winnings, no taxes and no limits on withdrawals.
DECENTRALISED
The betting platform is based on the Ethereum blockchain network. Kryptium team does not run any servers.
COMMUNITY-POWERED
Anyone can act as a player, house or data service provider. Kryptium is designed to support a global betting ecosystem.
POOL BETS
Players bet on their predicted outcomes and all stakes go into a single pool. Winners share the pool. The odds are dynamic and depend on the number of participants and the amounts they wagered.
HEAD-TO-HEAD BETS
The purest form of peer-to-peer betting. One player opens the bet and defines the odds and another player matches the bet. Players are not bound by unfavourable, centrally-defined odds.
MULTI-PLAYER BETS
High rollers can wager large amounts by offering bets that can be partially matched by multiple players. Similar to head-to-head bets, the odds are defined by the player who opens the bet.
SAFETY
Kryptium uses the Ethereum blockchain network, to securely store players’ bets and funds. Ethereum leverages advanced cryptographic technology and a proven decentralised architecture to safeguard information assets.
TRANSPARENCY
All bets are placed and settled in a fully automated and transparent way based on Ethereum smart contract applications. These applications are practically immune to downtime, censorship, fraud or third-party interference. Their code is publicly available for review!
SIMPLICITY
Players bet using an intuitive application available for Windows, macOS, Linux and soon for Android and iOS. The application abstracts and manages all complexity of blockchain mechanics, allowing players to focus on creating and seizing the best betting opportunities.
EXTREMELY LOW COMMISSIONS
Bookmakers and betting exchanges incur a lot of expenses for network and server infrastructure, software maintenance, experts calculating odds etc. Betting houses on the Kryptium platform do not pay for such costs and hence are able to charge a very low or even zero commission.
PLAYER IS KING
Players are free to choose the betting house they will play with, the odds that suit them and the amounts they wish to wager. There are no limits like those imposed by traditional bookmakers and betting exchanges.
BECOME THE HOUSE!
Roadmap – Any player will be able to launch their own betting house and publish their own events and outcomes on the platform. This will create a vast number of betting opportunities for other players and democratise the whole betting ecosystem.
ANY CRYPTOCURRENCY
Kryptium currently allows players to wager in Ether, the second most popular cryptocurrency in the market. Roadmap – ERC20-compatible tokens and cryptocurrencies of other blockchain networks will be supported through integration with major decentralised exchanges.
PRIVACY
Players do not have to open an account with a third party or provide Know-Your-Customer details. The only information that identifies them is the automatically produced address of their betting wallet. Roadmap – To protect players from tracking, the betting app will additionally provide support for anonymous communication via the open Tor network.
DECEMBER 2018
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