BetProtocol AMA Recap

BetProtocol AMA Recap

CryptoDiffer team

We are glad to meet here 

Justin Wu (@theJustinWu), COO and Co-Founder of BetProtocol

Miguel Leite (@mikegameiro), CMO and Co-Founder of BetProtocol

What was your motivation to build BetProtocol, and what is your mission now?

Justin Wu
COO and Co-Founder

Hello everyone!

Super happy to be here!

Our motivation to build BetProtocol was to enable entrepreneurs to launch online gaming apps with no coding required. We wanted to increase adoption of blockchain and crypto in a proven use case, which is gaming. 

We are excited to be launching our first operator clients live in early 2020 and branching out into Esports and Sportsbook

CryptoDiffer team

Can you tell us about your token economy and utility?

 

Justin Wu
COO and Co-Founder

So our token has many use cases, but primarily it is for gas fees in a staking model. It works just like gas in a car. You have to fill the tank first before you can go. 

BetProtocol operators will have to acquire and then stake BEPRO tokens inside their gaming app to start operations. Then, as they have gaming volume, a 0.5% gas fee is applied denominated in BEPRO tokens. Operators will then have to go back to the secondary markets to refill their gas tanks. 

So the more gaming volume across the entire BetProtocol ecosystem, the more demand for BEPRO.

We also have an amazing announcement regarding that!

Miguel Leite
CMO and Co-Founder

We have thrilling news today! We are announcing a 2-year lock on BetProtocol ($BEPRO) tokens that will be effective today. 

Join our CryptoDiffer AMA to know more!

Read more: http://bit.ly/BEPRO2yearlock

Join AMA: https://t.me/joinchat/Brbs51k5cWoRBKtsgmb6Ew

Speaking of token economy. We just announced this token lock mechanism for gas tokens.

CryptoDiffer team

Can you expand on your scholarship program and what it entails?

 

Justin Wu
COO and Co-Founder

So we are giving out 4 scholarships to intrepid online gaming entrepreneurs who want a fully regulated and licensed online gaming platform, built on top of Matic and BetProtocol technologies.

Our motivation for this is to seed innovative projects in the blockchain online gaming space, so they can become a success with our support. 

The scholarships are open now, you just have to visit our website www.betprotocol.com and click the scholarship link. 

Winners will be announced in early 2020.

 

Cryptodiffer Community

Why online gambling needs Blockchain? How will BetProtocol solve that problem? What are the attraction of game developers of BETProtocol?

 

Justin Wu
COO and Co-Founder

This is a great question.

Currently it takes a half million dollars and a big team of developers to startup in the online gaming space. This is due to the huge costs associated with security, uptime, payments, etc. With blockchain and smart contracts, these costs are extracted, and we can pass those cost savings to our clients. 

That’s why we can offer such attractive pricing to our clients. 

Blockchain also brings a higher level of transparency to end users due to the open nature of blockchain.

 

Cryptodiffer Community

Why do you decide not to open source so that other developers can contribute to the development of project?

Justin Wu
COO and Co-Founder

We are closed source for now because in this initial phase we need to protect our IP and company, but soon we will release public developer tools and ways to submit games to BetProtocol for deployment with our operators.

 

Cryptodiffer Community

Q1- Regarding what Bet protocol is, What kind of games users will see and can create? Can you tell us some 🙂

Q2 – Can you share more of your marketing plans and who is Bet Protocol marketing target?

Miguel Leite
CMO and Co-Founder

Q1 – Casino, Esports and Sports betting games. For casino you have examples like Wheel, Roulette, Baccarat and others. Esports and Sports booking is pretty much the traditional betting dynamics. We are also going to have a developer marketplace for any developer in the world to publish their own games.

Q2 – We are a B2B company and we do B2B marketing. Direct sales, content marketing, events are some of the strategies we are following. We also have strategies in place to community with instituional and retail investors for $BEPRO awareness.

 

Cryptodiffer Community

Good day! Listing Bet Protocol on one of the best exchange Kucoin is a good start. What steps you will be taking to stay ahead in the run. What’s the next 12 months look like for the #BetProtocol team development wise?

Justin Wu
COO and Co-Founder

Indeed Kucoin is a great listing, and we are very excited to be on their exchange. 

The next 12 months are going to be great for us. We have our first clients launching in early 2020 with casinos, and we are building out our Esports and Sportsbook modules. 

Keep an eye out for our Developer Marketplace where devs can submit their games to us for consideration to be added to our games store. 

Many other surprises await, so stay tuned!

Cryptodiffer Community

What is your business model? What is the potential of BEPRO to hold in the long-term?

Justin Wu
COO and Co-Founder

Business model is that we are a Business to Business, software as a service company. 

You can think of us even as the “Shopify for Online Gaming Apps”

We make it easy to launch your online gaming app with no coding required.

Setup fees start at 1k USD

Monthly subscription fees start at 1k USD

and we take 0.5% of the monthly gaming volume in BEPRO tokens as a gas fee

 

Cryptodiffer Community

What are the reasons game developers choose BETProtocol?

What are the advantages of building a game on BETProtocol over traditional platforms?

Miguel Leite
CMO and Co-Founder

Game developers are going to enjoyr an healthy ecosystem of dozens of operators that are eager to get their hands in new an exciting games. This means that developers will be able to sell their games to an existing wealthy userbase. 

For clients / operators BetProtocol is the quickest way to enter in the market. It’s cheaper and fully customisable. You can have your own casino in less than one day.

 

Cryptodiffer Community

Why not use Dai or other cryptocurrencies like ETH for gas?

Justin Wu
COO and Co-Founder

That’s a really really good question, and it can be answered in depth here:

https://medium.com/@betprotocol/betprotocol-bpro-token-utility-and-economy-a3925240ba0b

But in summary:

Independence: We don’t want to be dependent on any particular blockchain or crypto for our success. We control our own destiny

Kickstarting network effects: Doing things like scholarships and other giveaways would be prohibitively expensive if we used ETH or Dai

Gas fees: It would be too complex to try to shoehorn another crypto into our gas fees model. We needed a custom smart contract to make it all work elegantly

 

Cryptodiffer Community

1: What are the major milestones Bet Protocol want to achieved on 2020?

2: Could the community be useful in any way regarding marketing, or somehow spreading the word around to potential clients/businesses that would benefit from Bet Protocol?

Miguel Leite
CMO and Co-Founder

Securing investment from NGC Ventures and the other amazing group of institutional investors. We are now fully funded and have +2 years of runway will a full team of developers. This is a huge accomplishment in one of the most difficult periods of the crypto market. We are starting from the bottom in relation to 2019 market cycle, but have the FULL toolset to be succesful very when the market turns. And we even managed to list and to stabilise the price very quickly! So things are going well.

Also, let’s not forget that are product is ready and that we are now able to launch 1000 casinos in one day if we want. More than 10 clients are ready to launch and just waiting for final regulatory approval. Ready in early 2020. 

 

Cryptodiffer Community

How does BETPROTOCOL realize its mission and vision? And what mission is being planned now?

Justin Wu
COO and Co-Founder

Our way forward is to make sure that our first clients are a huge success, and have those clients speak for us. 

Just like Shopify in the early days, which later became synonymous with eCommerce, we want to enable our clients to become success cases that we can point to as proof that our tech is good. 

We plan on expanding to other gaming verticals and become the de facto standard for the new blockchain based online gaming market. 

I like what Buckminster Fuller said, something like, you don’t beat the competition by taking them on directly….you beat them by creating something new that makes them obsolete.

 

Cryptodiffer Community

Why is the online gaming industry broken? What is the vision of BetProtocol for online games?

Justin Wu
COO and Co-Founder

Online gaming industry right now is broken because the rules are not transparent for the players, and the industry is dominated by a handful of huge incumbents that take the lion’s share of the profits. 

BetProtocol is here to democratize online gaming by drastically lowering the barrier to entry with our tech. 

For the end user due to blockchain things like house edge and game rules will be transparent for all

Cryptodiffer Community

How many partners currently have trusted BetProtocol technology and what benefits do these partners bring to BetProtocol and vice versa?

Miguel Leite
CMO and Co-Founder

We are partnered with:

Matic – For scaling our tech

Ankr – To decentralise our data storage

Nexo – To provide liqudity for our clients

Utrust – To access fiat on ramps

Kucoin – To open a new utility gateway for $KCS and to serve as an example for other exchange tokens 

For this last one, we can basically launch a $KCS only betting application so Kucoin Shares investor can have  anew way to use their token.

 

Cryptodiffer Community

Which types of Different Gaming Applications can be created on Bet Protocol Platform ? & Can we create each & every type of gaming App without any coding knowledge?

Miguel Leite
CMO and Co-Founder

Casino, Esports and Sports betting for now. Prediction markets later in the roadmap. And yes, you can launch your own application with 0 coding knowledge. A little bit like Shopify, but for betting apps. You can become a gaming entrepreneur by just creating a strong brand and community.

Cryptodiffer Community

Augur has been the trailblazer of the crypto betting industry. While it has enjoyed its fair share of success, still many don’t use it. What are you going to do different to achieve more revenue than them?

Justin Wu
COO and Co-Founder

Augur is great, we think that prediction markets will be huge in the next 5 – 10 years, but so far I don’t think the traction is there just yet. 

BetProtocol is focusing on more proven use cases like Casino, Sportsbook, and Esports (an online gaming vertical that is growing by double digits CAGR each year) first, and then when the public is more aware of prediction markets, and oracles become more robust, then we will service the prediction market sector.

Cryptodiffer Community

What do you think is the biggest problem BetProtocol will solve that no other project is solving now, and why is the problem important to solve?

Is the world ready for a qualitative leap in dapps technology? Will it is a turning point or should we not expect quality growth in the coming years? Are you going to support absolutely all blockchains with dapps or have a vision of which way the industry is going and support only certain ones?

Miguel Leite
CMO and Co-Founder

We believe we can solve adoption much faster. As I said, we can now launch 1000 casinos in one day if we want. With different branding, languages, wagering tokens, games, etc. If we give the right tools for entrepreneurs to thrive, adoption will explode.

Cryptodiffer Community

You will agree with me that ADOPTION and UTILITY is very key to project survival and success, what’s being done to drive global adoption of Bepro amidst crypto regulations, legislation and competition? 

With all I read about BETPROTOCOL I believe you would build your own Chain, how long till you build your chain and why did you launch initially on ETH blockchain

Justin Wu
COO and Co-Founder

Blockchain will eat more and more market share from the non-blockchain gaming industry. We are building the standard for the new blockchain based industry. Superior technology comes along and disrupts an old and entrenched industry, this happens all the time. Uber, Airbnb, Shopify, etc, all did that. They brought new tech to an old industry and made huge moves. 

 

We are doing the same thing

Cryptodiffer Community

What are your unique features, which make you differ from other betting projects in non-crypto world?

Justin Wu
COO and Co-Founder

Most other betting projects are B2C, or business to consumer projects. They build their own individual silos and try to get people to play their one casino. 

BetProtocol is business to business, and we aim to have a stake in thousands of casinos launched on top of our technology. This vision is way bigger and we’ve been building our tech to make that a reality since day one.

Cryptodiffer Community

Betprotocol

1) How do you expect to integrate the betting economy in a safe and regulated way?

2) What happens if the value of the Betprotocolj token goes down? How do you expect to position yourself again?

Miguel Leite
CMO and Co-Founder

1) All of our clients are 100% regulated. We don’t provide tech to clients that don’t own their own licenses and if they don’t have a license we give them the tools to contact regulators. We have clients that are able to provide betting to 95% of the countries in the world, so we don’t see regulation as a problem, we see as an advantage. 

The thing here is that we might go slower than other projects sometimes, but we will be 100% legal and that’s huge for the success of Betprotocol and $BEPRO.

Cryptodiffer Community

Q. Is the security technology that #betprotocol uses to protect its users, is there anything more special than other projects?

Justin Wu
COO and Co-Founder

Yes, good question. 

Our smart contracts are audited by Consensys Diligence and Certik. 

Our backend systems that support the gaming engines and all the technical guts that make BetProtocol function in the background are audited and tested by iGaming industry standard auditors, and we will be receiving their seal of approval shortly.

Cryptodiffer Community

Q. How does BEPRO tokens prevent wash trading?

Justin Wu
COO and Co-Founder

Great question!!!

Probably one of the biggest problems in online gambling in the blockchain space is a practice known as “wash trading” or “wash bets”, whereby an operator fakes betting volume by playing its own casino games.

Why would they do this? Simple, it makes them look more popular than they actually are. No one wants to play in a physical casino if the place is a ghost town, and it’s the same online. Volume brings credibility, and encourages people to play. The problem with wash trading is that it fakes volume in hopes of bringing real players with real volume. So how does BEPRO solve that?

Make Operators pay BEPRO for each bet. The bigger the wager, the bigger the BEPRO amount due.

The solution is not to prohibit wash trading — that would be impossible.

The solution is to make wash trading expensive by associating a real cost to it, which scales with the amount of volume.

That’s out gas fee, 0.5% of the underlying USD value of each bet.

Denominated in BEPRO

Cryptodiffer Community

In some countries, gambling is illegal. So is the market of BetProtocol not potential? How has the technology of BetProtocol been applied?

What are you better at Wink, which has already shown itself?

Justin Wu
COO and Co-Founder

Wink is TronBet, they just pivoted from Tronbet B2C platform and they almost tried to copy what we are doing, but tech can’t just be copied like that. We are a B2B SaaS from the beginning and our tech is built from the ground up to be like that. 

Wink also explicitly promised “dividends” and returns to investors in their whitepaper and use puffy promotional language, so if you know anything about the Howey Test or how regulators are looking at that kind of behavior, I mean these guys literally referrenced the “moon” in their whitepaper. 

And they ain’t building rocket ships. 

So we aren’t afraid of Wink. They’ve made other structural mistakes such as making their token the wagering token and there is no clear use case or transparency.

Cryptodiffer Community

“BetProtocol is launched a secure, scalable and regulated online casino fast — with No Coding Required”How it is possible and which technology used by your team for implement these all factors.

@mikegameiro

@theJustinWu

In the eyes of investors, the factor proving whether a project has long-term sustainable development and practicality is the specific application by business users or individuals, so who has really used the BETPROTOCOL solution yet?

Justin Wu
COO and Co-Founder

So we have clients that are in closed beta testing already. We haven’t launched with them yet due to this testing phase. Expect to see in early 2020 our first clients.

Cryptodiffer Community

How many games are available?

 What token are available on your platform?

Justin Wu
COO and Co-Founder

So we create games in house, currently we have about a dozen games, and we are developing more and will be releasing more games regularly. These are the casino games and some new twists on some classics. 

As for wagering tokens, we can support literally any ERC20 token. 

We are offering Dai and USDT stablecoin support inititally, as well as $KCS with our partnership with Kucoin.

Cryptodiffer Community

To be successful, community building is a must on any projects. So, how will BetProtocol expand your impact and actract more users/developers to use your protocol while they are familiar with tradtional technology?

While many on-chain solutions still have problems with multi-chain + scalability, will BetProtocol use layer 2 solution for platforms which are built on your protocol?

Justin Wu
COO and Co-Founder

So we are focused on supporting our first clients to the maximum. Our strategy is to make them very successful so they will speak for us. Word of mouth is the best type of marketing. Proven success is contagious and people want that too. 

Imagine having your own casino that you can control and manage via laptop anywhere in the world with an Internet connection. No huge dev team. No coding required. That’s what we offer. 

Matic helps us with achieving on-chain scale

Cryptodiffer Community

After official listing on Kucoin and Digifinex, BetProtocol seem to be focusing on new exchange listing. Its good step for $BEPRO liquidity. Beside this, what will be your next step? Is your team building a completed ecosystem for Bet Protocol or expanding your customers/partners right now?

On a betting platform, fairness, security, transparency are standard requirements. However, on centralized betting platforms, these requirements are not ensured, espcially fairness. So, how this will be improved/fixed by BetProtocol technology?

Miguel Leite
CMO and Co-Founder

Listing is just the first step to get our token economy working. $BEPRO needs to be on liquid secondary markets so our clients can buy and launch their own betting applications. These guys buy on the secondary market and stake on our operator dashboard. 

The more clients we have, the more demand there is for $BEPRO. We have +10 clients now ready to launch. So you have an idea, one of these clients had 3M daily betting volume on their last platform. This represents a potential 500k monthly buy pressure on the secondary market.

Therefore, our strategy is SALES + SALES + SALES. With direct marketing, content marketing, events and affiliate program that will enable anyone here to also make revenue by bringing us clients.

Cryptodiffer Community

There are many form of gambling on platforms like dapp is kinda dangerous because they hold the key of user, bring us to having the problem of lack of transparency, so as bet protocol provider how do you Can you manage the transparency of your betting protocol?

In order we are sure that the bet are Fair there is no manipulation!

Justin Wu
COO and Co-Founder

So we never hold user’s private keys.

Cryptodiffer Community

Q. What is #Bet Protocol core technology? What makes your solution unique & why does it require blockchain technology?

Justin Wu
COO and Co-Founder

I would say our core tech is our GUI for launching and managing your online gaming app. 

This admin panel lets you be mobile and run your casino. You don’t need a team of devs and you don’t need to pay SBTech or someone like that 500k a year for backend and security. 

We are constantly upgrading our tech so expect it to get better over time

Cryptodiffer Community

In most of casino platforms ! The main & common main problem is Wash Betting for generating Fake volume in their platform for attractive users !! So, How Bet protocol can solve this problems from their platform?

Miguel Leite
CMO and Co-Founder

If anyone wants to wash trade, they will have to pay fees in $BEPRO. So that’s a clear incentive to avoid wash trading. It costs them.

Cryptodiffer Community

I see much potential in Bet Protocol project and it will attract more users over time for sure. How will you handle a huge amount of users playing on your platform at the same time without network congestion?

Justin Wu
COO and Co-Founder

Our gaming engine is based on a hybrid model of on-chain value assets and off-chain settlement. There are many things that you simply can’t put on chain because it is too slow or expensive. Fully smart contract on-chain systems require you to wait a full block to do anything. That user experience sucks. 

We want fast gameplay AND the security guarantees of blockchain, and as blockchain infrastructure becomes more robust we will transition more and more on-chain

Cryptodiffer Community

Why have you decided to build on Matic and not the others?

Justin Wu
COO and Co-Founder

Their tech works and works well with our technology. They are a natural complement to our ecosystem.

Cryptodiffer Community

What the challenges do you have and the plan to make betProtocol project strong popular? Are you see it as an opportunity while the current market decline?

Justin Wu
COO and Co-Founder

So gaming has always been one of the strongest use cases in blockchain and crypto, despite overall market conditions. People still want to be entertained and they still want to play. That’s not going to change because of the price of BTC.

Our goal is to enable the launch of many gaming apps from a bunch of passionate entrepreneurs with good ideas on how to bring more value to online gaming.

Cryptodiffer Community

A) In few words, bet protocol can be described like a SaaS, that mean than you token is a utility token right? Do you have plans to expand the token outside the platform? 

B) In your white paper you express your opinion about the KYC and their many hours of verification,  bet protocol skip all of that I just center of the user experience, but how secure is the platform against scammers and multi accounts?

Miguel Leite
CMO and Co-Founder

A –  $BEPRO is an utility token and it’s used as gas and also for oracle purposes. The token demand increases with number of clients in our eccosystem, so we are working to scale the number of clients.

B – We are using the same UX / UI strategies as exchanges do in terms of KYC. Example: you have to KYC for withdraws above “x” amount.

Cryptodiffer Community

In Q1 2020, BetProtocol will present SportsBooking & Esports, what’s the picture? What is the difference between SportsBooking & Esports from BetProtocol and what is available now?

Justin Wu
COO and Co-Founder

So in 2020 we will go live with Esports and be doing testing for Sportsbooks. Esports will be all about betting on popular Esports events like League of Legends and others. Right now we have casino deploying

Cryptodiffer Community

$bepro Are making some movement at Game on betprotocol,

Nowdays There is alot of Competitor also works in Blockchain gaming.

My Question Is How $bepro will outstand the competition?

Miguel Leite
CMO and Co-Founder

We are not a betting platform. We are an ecosystem builder, the platform to launch new platforms. So we are enabling entrepreneurs to launch their own businesses in a very quick and simple way. That’s the main differentiation.

Cryptodiffer Community

Recently, there are many scandals about data leaking event like Facebook–Cambridge Analytica data, Binance KYC data-leaking, etc… How will Bet Protocol ensure security of users data while making sure they are right information to be used in system operation?

Can KYC/AML tools on Bet Protocol be robust to counter the funding of terrorism, underage betting, assassination markets, and money laundering? If yes, which specific technology does your project have to do this?

Justin Wu
COO and Co-Founder

We have KYC integrations that the operator must use in order to prevent the problems that you just mentioned. One of the main reasons why non-regulated blockchain gaming apps don’t have much *real* volume and *real* users is that simply no one trusts them. No license, no KYC, no thanks. 

We believe that being compliant is much more scalable and secure. 

The CEO of Revolut once said :

“Being compliant is expensive; not being compliant is even more expensive.”

Cryptodiffer Community

What do you think about E-Sports?? and any plan to adoption or add E-Sports to BeTProtocol???

Justin Wu
COO and Co-Founder

We love Esports! When we were in Seoul for Korean Blockchain Week, Miguel and I stumbled into an Esports arena and we were blown away by how popular it was. 

Esports is a priority for us and we think it is going to be so huge for online gaming.

Cryptodiffer Community

I heard that fund from this private sale will be used for Scholarship Program for operators. So, who are operators? Which are conditions for them to receive a Scholarship?

Is it easy for a new user who doesnt have any experience with blockchain technology use Bet Protocol to create a betting platform and which advantages do these betting plaform have comparing to traditional ones or existing blockchain betting platforms?

Miguel Leite
CMO and Co-Founder

The $50,000 we raised with Matic Network are going to be used in our Scholarship program. 4 teams will win the scholarship and get a fully licensed betting platform. Anyone can apply here:

https://bit.ly/BEPROScholarship

Cryptodiffer Community

To what extent have been the effects of the recent kucoin market on BetProtocol ? Have the recent poor market conditions hindered or stunted the platform’s progression and goals to be achieved in the nearest future ?

Justin Wu
COO and Co-Founder

So we are currently trading above Matic’s sale price for our token price on Kucoin, despite the terrible market conditions yesterday, so we are happy with how the token was launched. 

So the market will not effect our clients and the tech we are BUIDL so we will be successful in any market conditions

Cryptodiffer Community

In a long term vision, i have no doubt about the potential of blockchain technology as well BetProtocol in the future since its technology is great. But, in short term, how will betprotocol team balance the conflict between investors’ profit and project ecosystem health as well as prevent pump-dump mechanism?

Miguel Leite
CMO and Co-Founder

We were actually able to sign very nice agreements with our private-sale investors in terms of tokens locks. And the price is actually stabilising now and we are able to focus on getting more clients. More clients, more demand for $BEPRO.

https://t.me/betprotocol_announcements/30

Cryptodiffer Community

1 ) Bet protocol is the kind of project than I love, the combination of blockchain with gambling, so my first question is very simple and direct:  How much fairer are the odds? The number generator is transparent? 

2) Which improvements you offer to attract users of the traditional gambling websites? Like poker star or other casino websites?

Justin Wu
COO and Co-Founder

Great questions!

So whatever the Operator chooses for the house edge on the back office will be displayed on the frontend of the gaming app. Most online gaming sites do not do this, and anyways you can’t really trust it. 

RNGs are certified by industry recognized and standard auditors, so they are fair.

Cryptodiffer Community

As our community continues to grow, what are some things you wish or hope to see from us?

Justin Wu
COO and Co-Founder

I would love to see you guys become operators on BetProtocol! Our scholarships are open for this very reason

Miguel Leite
CMO and Co-Founder

Side note:

If anyone wants to become a client NOW… You don’t have to wait to get a scholarship. You can apply here: https://bit.ly/BetProtocolOperators

Cryptodiffer Community

Where does Betprotocol see itself five year from now, since it has achieved a milestone is a short period of time

Justin Wu
COO and Co-Founder

We want to be the de facto standard for blockchain based gaming apps. We are building a “Shopify” like solution for launching gaming apps. 

Just lke Shopify became synonomous with eCommerce, we want BetProtocol and BEPRO to be just as successful and more.

Cryptodiffer Community

Can you show me your roadmap of upcoming years?

Justin Wu
COO and Co-Founder

We are planning on launching Esports and Sportsbook in 2020, as well as a Developer Marketplace. 

Prediction markets will come in the later years.

Cryptodiffer Community

If I understood properly you can provide different betting apps for customers. What features will be different and which ones will stay the same if I wanna get Unique betting app?

Miguel Leite
CMO and Co-Founder

You can create an unique app by:

– Changing branding

– Changing games images

– Launch in a different country with a different language

– Have games that noone else has

– Have an amazing support team

– Building a good community and trading competitions

It’s a bit like exchanges… They all look have the same basic interface, but many succeed for factors external to the tech

Cryptodiffer Community

To this kind of project the transaction speed is key, because the funds need to be on the account to bet in the next round, you have in mind improve your TPS over 1000?

Justin Wu
COO and Co-Founder

We use a combination of 2nd layer scaling solutions such as Matic, as well as a hybrid architecture that allow us to have gameplay that mimics or exceeds traditional centralized gaming apps in UI/UX

Cryptodiffer Community

1. What is the scalability and transparency of bepro??

2. Will bepro integrate with sites like bet365, betrally etc??

Miguel Leite
CMO and Co-Founder

Scalability = Matic

Transparency = Blockchain and public audits

We are working to close partnerships with big sites like Bet365, etc.

Cryptodiffer Community

1) What Benefits Betprotocol Offers to Developers ? 

2) What about staking, Is staking will be available for Bepro token holders?

Justin Wu
COO and Co-Founder

We will be putting out a public SDK in 2020. But the real benefit is for non-coders who still want to launch a betting app, but are priced out of the market because devs are expensive. 

Operators will have to acquire and stake BEPRO tokens to start operations. These BEPRO are then spent as gas once they get gaming volume.

Cryptodiffer Community

If I understood properly you can provide different betting apps for customers. What features will be different and which ones will stay the same if I wanna get Unique betting app?

Justin Wu
COO and Co-Founder

So great question!!!

We provide customizable frontend templates like WordPress does, for example. Each frontend will be highly customizable for operators to make their app their own. Also choice of games the choice of house edge, promotions, and affiliates will all add to differentiation between apps. Also geographies and language packs!

Cryptodiffer Community

What are your short-term goals and what are your plans to achieve these goals??

Justin Wu
COO and Co-Founder

Short term we want to launch our first operators live on the mainnet and support them as much as possible to be success cases for us

Justin Wu
COO and Co-Founder

Thanks everyone for being in the AMA, and thanks so much to CryptoDiffer for hosting!

Miguel Leite
CMO and Co-Founder

Guys. Thank you for these amazing questions! If you still have any doubt about our vision and ideas, please visit our Telegram group and we are able to answer everything. And I also want to thank CryptoDiffer team for organising this great AMA.

Thank you!

Cryptodiffer TEAM

It was a pleasure to conduct an AMA with BetProtocol!!!

Thanks for your time Justin Wu (@theJustinWu) and Miguel Leite (@mikegameiro)!

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
CryptoDiffer Admin
query2212@gmail.com

Leave a Reply

Your email address will not be published.