Crypto Stake: Bringing crypto to a dedicated betting ecosystem where using CryptoStake token guarantees you the best odds.
There has been a recent rise in crypto currency-based betting services to meet the demand of a market that prefers its use over fiat currency. While popular, these escrow services follow an unfavourable trend of utilizing cryptocurrency in a centralized manner, creating counterparty risk that did not previously exist. This occurs as users entrust the ownership of their cryptocurrency to services which are susceptible to hacks and leave little recourse to victims of theft. We propose a sports betting exchange which solves this issue by means of decentralization, removing central points of failure to allow the use of cryptocurrency without counterparty risk. A sports betting exchange is a marketplace for the trade of sporting outcomes. Unlike a traditional sports betting platform, a sports betting exchange eliminates the need for a central bookkeeper and instead enables users to place bets against one another. This paper details Block Sports, a decentralized sports betting exchange that approaches the concept of a blockchain-native sports betting platform with two key objectives Crypto Stake is creating a decentralized and trusted framework for sports betting and providing a rich user experience through an off-chain service layer. Utilizing the waves blockchain, a solution is proposed which integrates a decentralized oracle consensus network with a series of smart contracts, allowing users to place bets on sporting outcomes with waves. The result is a platform that solves the issue of counterparty risk while still remaining competitive with traditional sports betting exchange.
World gambling statistics show that around 26% of the population gamble. That means around 1.6 billion people worldwide gamble and 4.2 billion gambles at least once every year. When it comes to online gambling and demographic statistics, a UK study concludes that 17% of the population gamble online, resulting in £5.3 billion revenue for the online market alone. The market size of the sports betting and lottery sector worldwide consistently increased in the past four years, after a sharp decline in 2014. In 2019, the sector was valued at 218.49 billion U.S. dollars, reflecting an increase from the previous year. However, massive reductions in global operations and decreasing demand in the sports betting and lottery sector was forecast to drive the industry’s market value by as much as seven percent in 2020.Set to Top $635 Billion-casino marketplace What’s immediately apparent is the astounding value of the casino industry in 2017, with its predicted value set to reach $635 billion in the coming years. Breaking this stat down further, it’s worth looking at the two key components in casino gaming’s growth — that being the United States and United Kingdom. In the United States, predicted cash revenues are expected to hit $21.14 billion, while in the UK predicted online gambling revenue should reach $4 billion. These two figures alone make up what should be a 5.7% growth of the global gambling market before 2022 The growth related to casino play, in general, is huge, but practically all of this has occurred in the online domain. Land-based casino play is still on the downturn — apart from within a few select regions — much like it has been in recent years. As new online markets open up, we can only assume that online casino industry will continue to dwarf land- based operation.
Crypto Stake Ecosystem
Crypto Stake eco system is a decentralised gambling platform giving players all over the world an opportunity to place bets on sports, book events from every corner of the globe. We believe that people should be able to place bets using crypto currencies without limitations of what they can choose to bet on. Any player using our eco system can use any top 100 crypto currency and exchange it for our exclusive token Crypto Stake Token, this will give our users enhanced odds on any wager they choose to place on any event be it Horse Racing, Football, Boxing, MMA ,Grey Hound Racing, Baseball, American Football ,Basketball and many many more making us the biggest and best gambling eco system online eclipsing any other platforms available for crypto betting giving our punters the best returns for their stake.
Crypto Stake will also offer users the ability to play Casino Games like Roulette, Black Jack, Poker, Jackpot Slots, Baccarat, plus several others. Any of our casino style games using Random Number generation (RGN) will all be Blockchain Technology giving transparency, Security and trust when playing any of the forementioned casino games, and using Crypto Stake Token will again enhance any winning returns. Players will be able to easily exchange their crypto currencies that are currently in the top 100 Coin Market Cap list for the exclusive Crypto Stake Token using our on platform exchange which will be cost effective efficient and simple. Any users that do not have crypto currencies will be able to exchange their native fiat currencies for Crypto Stake Token also enabling them to benefit from the enhanced betting odds. All players will have their own secure private wallets and can transfer any crypto currency they hold to a wallet of their choice.
What is Crypto Stake Token ?
The Crypto Stake token is an essential part of the future sportsbook and casino games ecosystem. It is used as the exclusive currency on the Crypto Stake platform for increased betting odds — both for sports bets and casino games. Crypto Stake token is a digital currency, players from all around the world can profit from when using to place their bets.
Crypto Stake Token gives its users many advantages on top of increased odds, placing bets is simple, fast, cost effective, and increases your profits when winning. Any winnings can be efficiently processed due to the eco systems A.I and on platform exchange.
Their exchange will also make transferring funds to other personal wallets streamlined and efficient. If an account holder would like to exchange Crypto Stake to any other crypto currency this can also be achieved using the Crypto Stakes exchange and the funds can be withdrawn at any time into a wallet of their choice. All our transactions will be carried out in a cost effective and timely process
Token Information:
Blockchain Platform: BSC
Total Supply 200,000,000
Token Standard: Bep-20
Type : Cryptocurrency
Ticker: CST
Roadmap
Conclusion
I know that it is not easy to find a good project in this market, but that does not mean we do not find new quality and potential projects. To be the hub of the world’s most creative talent in the film and video industry by empowering everybody from grass roots to ivory towers to create powerful, jaw dropping and magical experiences. Online gambling consists of playing casino games, poker, and sports betting via the internet. Due to factors such as the advancement of technology available higher trust of gamblers paying online, and the increasing digitization of the world due to blockchain, Crypto Stake able to grow their sports betting platform, thereby further supporting the market’s growth. I think that over time people are probably happy in the crypto market, with the development of the entire market since the beginning of this year that has brought a lot of opportunities to make money for many people.
More Information
- Website: https://crypto-stake.org/
- Telegram: https://t.me/cryptostakechat
- Twitter: https://twitter.com/cryptostake1
- Reddit: https://www.reddit.com/r/crypto_Stake/
Author
- Bitcointalk Username: Gerda Sky
- Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2769243
- Wallet Address: 0x68db22f8d7f52522a6de10a3ecb3a7f61a04e492