BetProtocol AMA Recap

BetProtocol AMA Recap

CryptoDiffer team

Hello, everyone!😁

We are glad to meet here 

Justin Wu (COO and Co-Founder at Bet Protocol)

Migule Leite (CMO and Co-Founder at Bet Protocol)

COO and Co-Founder at Bet Protocol, Justin Wu

Hello everyone!

CMO and Co-Founder at Bet Protocol, Migule Leite

Hey. Awesome to be here.

CryptoDiffer team

Q1: Guys, Can you introduce yourself to our community ?

COO and Co-Founder at Bet Protocol, Justin Wu

I’m Justin Wu, COO and co-founder of BetProtocol. I handle operations for the company and I’m glad to be here!

BetProtocol is a fully customisable white label for launching and managing Esports betting and online casino platforms, no coding required.

CMO and Co-Founder at Bet Protocol, Migule Leite

I’m Miguel, CMO and co-founder of BetProtocol. Been in the tech scene for almost 10 years now and in crypto since 2016. I handle marketing, sales, funding, communication, etc. Awesome to be here!

CryptoDiffer team

Q2: Can you briefly tell us what is Bet Protocol in 3-5 sentences?

COO and Co-Founder at Bet Protocol, Justin Wu

Imagine how difficult it was to launch and manage your own blog before WordPress, or how hard it was to have an eCommerce store before Shopify.

BetProtocol is the Shopify/Wordpress for online betting apps (Esports, Casino, Sports) that lets you manage your online gaming business with no coding required. We are a full white label solution that lets you customise your online gaming brand wherever you are. You can literally be poolside and manage your betting app as long as you have your smartphone or laptop connected to the Internet. 

We have live casinos and live Esports betting apps already, and lots more clients going live in the very near future!

CryptoDiffer team

Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

COO and Co-Founder at Bet Protocol, Justin Wu

So, awesome question. 2020 has been quite a big year for us. 

✅ We launched Esports

✅ We launched 2 new clients and more are coming

✅ We announced DeFi on BetProtocol

✅ We are going to be rolling out a new product that complements our business with DeFi as a service features (🚨🚨🚨CryptoDiffer Exclusive!🚨🚨🚨)

CryptoDiffer team

Awesome, a lot of updates to come out!

Thank you for great answers!

I think it is time to start community questions round!

Cryptodiffer Community

The first client to run Esports on BetProtocol is TKN. What are the earning opportunities for players and fans?

CMO and Co-Founder at Bet Protocol, Migule Leite

Hey Serg. Amazing question. We’re actually really excited with the Esports launch, specially because TKN.com have their own token ($TKNT) and you can mine that token by betting. 

This mining by betting mechanism is huge, has their token is already listed on several exchanges and has real value. So it works like token-based gamification, with real value!

Cryptodiffer Community

One of the best known obstacles in the world of casinos is the complicated regulation in different parts of the world. How do you deal with clients from different countries? is the FIAT ramp available to everyone?

COO and Co-Founder at Bet Protocol, Justin Wu

So our operators have gaming licenses that allow them to offer to specific jurisdictions in the world. Our back office has RegTech integrated where the operator can click on countries to restrict them depending on their gaming license requirements. 

Also we are integrated with Moonpay as a fiat on-ramp for Visa Credit and Debit

Cryptodiffer Community

How are the results captured by the protocol? do you use a layer or oracle? Can you tell us how this technology works and why we should trust it?

COO and Co-Founder at Bet Protocol, Justin Wu

So I think you are talking about Esports betting match results. We are integrated with Chainlink to pull Esports data from various Esports Data providers, as well as direct API integration with leading providers like Pandascore and Abios Gaming for odds and data.

Cryptodiffer Community

Does #BEPRO TOKENS have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of tokens and attract investors to participate in investments?

CMO and Co-Founder at Bet Protocol, Migule Leite

We don’t have coin burns. That would make $BEPRO a security.

Cryptodiffer Community

1. Esports is now live on BetProtocol. What do I need to do to become an Esports betting operator and what are the benefits that comes with it?

2. After creating a betting app on the platform, will it be launched immediately or it will take some time before launch?

COO and Co-Founder at Bet Protocol, Justin Wu

So get in touch with us by visiting our website www.betprotocol.com and scheduling a demo.

It takes 5-6 weeks to launch an fully licensed Esports betting app using our white label system

Cryptodiffer Community

Gambling can get boring at times playing solo, is there an active multiplayer game or activity to enjoy socially?

CMO and Co-Founder at Bet Protocol, Migule Leite

Yes. 🙂 We have a dedicated chat AND Twitch chat / stream integration. So you cna bet while interacting with other players.

Cryptodiffer Community

Will Bet Protocol have a plan to have an agreement with PGL or ESL to sponsor an Esport Tournament that uses BEPRO token as rewards in the near future?

COO and Co-Founder at Bet Protocol, Justin Wu

It’s possible, do you want to intro us to anyone at GSL or ESL?

Cryptodiffer Community

Do you have a ambassador program or referral reward system? and what benefits for ambassador or referral program?

COO and Co-Founder at Bet Protocol, Justin Wu

Yes we do:

https://betprotocol.medium.com/affiliates-earn-more-than-3-000-per-month-by-referring-clients-to-betprotocol-7a7406988d5c

Cryptodiffer Community

Do you have any plans to bring well-known non-cryptocurrency esports players to BetProtocol? What actions need to be taken to raise awareness of BetProtocol’s capabilities in the non-cryptographic space?

CMO and Co-Founder at Bet Protocol, Migule Leite

Definitely. We are working with our clients to get more non-crypto Esports influencers to use our platforms.

Cryptodiffer Community

Why did you decide to call your project Bet Protocol ? Have you ever thought that due to the Bet Protocol name some investors would not trust $ BEPRO ?

CMO and Co-Founder at Bet Protocol, Migule Leite

We thought about it yes, but it’s what we do and so far everything is going great.

Cryptodiffer Community

How can I become an esport betting operator? Do I need coding experience before I can launch my esport betting app?

What kind of games are available on Esport?  Do you operate an NFTs marketplace and does NFTs have a future within the Defi space?

COO and Co-Founder at Bet Protocol, Justin Wu

No coding is required. We handle all tech requirements. Go to www.betprotocol.com to schedule a demo and we can talk about the process of getting started as an Esports betting operator.

NFTs are an area we are doing research into, yes

Cryptodiffer Community

One of the advantages of conventional sports betting sites is that they provide you with statistics that help you decide on which team to bet on, at BetProtocol can I develop my betting application with direct access to any number of sports statistics without problems?

CMO and Co-Founder at Bet Protocol, Migule Leite

Yes, we are integrated with several data providers (Panda Score, Abios, etc) so you can get all of the statistics updated. And if you don’t have the data you need, we make sure we get it.

Cryptodiffer Community

How are the results captured by the protocol? do you use a layer or oracle? Can you tell us how this technology works and why we should trust it?

CMO and Co-Founder at Bet Protocol, Migule Leite

We are connected to several centralized data providers and we are working with oracle providers like Chainlink and Band Protocol.

Cryptodiffer Community

Currently, what are the token supported on the Bet Protocol platform? What are the plans to add more coins?

CMO and Co-Founder at Bet Protocol, Migule Leite

We support all the major cryptocurrencies + fiat payments.

Cryptodiffer Community

Does Bet Protocol has any incentive program such as Farming, Staking, or even Liquidity Mining?

COO and Co-Founder at Bet Protocol, Justin Wu

Coming Soon™️

We will make a further announcement on this DeFi on BetProtocol topic

Cryptodiffer Community

Do you have any plans to attract non-crypto investors to #your project Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your in non-crypto space?

COO and Co-Founder at Bet Protocol, Justin Wu

Each one of our clients brings a bunch of awareness for BetProtocol. So our continuing sales efforts will be great for our awareness

TKN for example has a tens of thousands of registered users and they all know the site is Built on BetProtocol. They also have the Mining by Betting feature. Win or lose, as long as you bet you can earn TKNT token! (We built that for them of course)

Cryptodiffer Community

When I create my own betting platform with BetProtocol, do I have to pay a commission on the winnings to Bet Protocol? What do I need to create my own game?

COO and Co-Founder at Bet Protocol, Justin Wu

You do have to pay commissions to BetProtocol, we are a software as a service, so yes, there is a fee structure involved, but we are much much cheaper and more flexible than any other provider out there for white labels.

Cryptodiffer Community

What is the strategy for attracting users from outside the crypto space? How do you increase the understanding of crypto participants about the project BetProtocol?

CMO and Co-Founder at Bet Protocol, Migule Leite

So the way our platforms work is very user friendly. You don’t actually have to be a crypto expert to start betting. Everything is smooth and fast. That’s the only way of scaling fast.

Cryptodiffer Community

I care about incentivization, what incentives are in the Bet Protocol ecosystem for users and ecosystem providers? why should I use Bet Protocol?

COO and Co-Founder at Bet Protocol, Justin Wu

For incentivisation we can create custom platform tokens that are listed and have market value, that users can earn by betting on the platform, like TKN did with TNKT (now listed on BKEX).

Our upcoming DeFi on BetProtocol features are all about aligning incentives in our ecosystem, stay tuned

Cryptodiffer Community

What can BetProtocol offer to solve the scaling problem? And how does BetProtocol deal with the threat of centralization?

COO and Co-Founder at Bet Protocol, Justin Wu

We are doing research and development into fully on-chain systems with Polkadot and Matic

Cryptodiffer Community

According to BET protocol, we don’t need to hire a Great developers Team for creating Awesome DApp ! But how is it possible if any person doesn’t now about Codings and DApps creation ? Is BET Protocol can create wonderful Dapps without coding ?

CMO and Co-Founder at Bet Protocol, Migule Leite

Yes, you can just edit our templates on our backoffice. With BetProtocol you don’t need to know how-to code to become a betting mogul.

Cryptodiffer Community

What are the main differences between the BetProtocol and other platforms? Why is BetProtocol better?

COO and Co-Founder at Bet Protocol, Justin Wu

https://betprotocol.medium.com/7-reasons-why-betprotocol-is-better-than-the-competition-88d6421def5d

Cryptodiffer Community

What is the difference between BEPRO token and other gambling tokens? Like a holder and get a dividend pool?

COO and Co-Founder at Bet Protocol, Justin Wu

https://medium.com/@betprotocol/5-reasons-why-bpro-is-a-utility-token-23ee70e070d5

Cryptodiffer Community

Speed is an essential element in a lot of work, especially with bet transactions. So how do you guys ensure the best match in real time without delay? Is the BetProtocol mobile app limited in features or limited in real time speed?

COO and Co-Founder at Bet Protocol, Justin Wu

We are integrated with top Esports providers for real time data and odds

Cryptodiffer Community

What tools does BetProtocol offer for developers? Do you have SDK or ready-made shiblons? How easy is it to connect BetProtocol to an already working casino?

CMO and Co-Founder at Bet Protocol, Migule Leite

We offer an API that enables you to connect your own frontend to our backend and management features.

Cryptodiffer Community

What kind of games are available on Esport platform?

The esports industry is booming. Any plans to launch Virtual Reality Gameplay?

COO and Co-Founder at Bet Protocol, Justin Wu

League of Legends, CSGO, DOTA2, Overwatch, Rainbow 6, Rocket League and more games coming soon

Cryptodiffer Community

This project has something appealing to those who game definitely. 

Will there be some sort of “gaming” features as well? It would be good to have more options for the players

COO and Co-Founder at Bet Protocol, Justin Wu

we will be rolling out gamification features with our DeFi product to be announced shortly

Cryptodiffer Community

How easy is it to use BetProtocol?

How does BetProtocol plan to dominate the market?

COO and Co-Founder at Bet Protocol, Justin Wu

If you can attach documents to email, you have the technical skills to use our back office to manage your betting app. We plan on becoming the de facto standard for crypto online gaming and Esports betting

Cryptodiffer Community

How does BetProtocol meet legal procedures for online gaming applications? How do legal requirements work in this area?

Can your live casinos and live esports betting apps be used by other sources without permission?

CMO and Co-Founder at Bet Protocol, Migule Leite

We don’t accept clients / platforms that don’t own a valid gaming license. Every platform that you see on BetProtocol is fully licensed.

COO and Co-Founder at Bet Protocol, Justin Wu

Our systems have been certified by international gaming labs as per regulatory requirements, and we only work with licensed operators.

Cryptodiffer Community

I heard betprotocol will lock the betting fees collected from your clients.

Is this still the plan? 

Will their be transparency with this, as in displaying the tokens locked in real time on your website?

COO and Co-Founder at Bet Protocol, Justin Wu

Yes, it is, for BEPRO spent as gas for covering betting volume. Right now with the lack of privacy measures on Ethereum we can’t disclose actual numbers of how much is being locked due to confidentiality agreements with the operators.

Cryptodiffer Community

DeFi is one of the hottest topics in the blockchain field. Can you share your opinion about DeFi with us?

 Do you think DeFi will destroy the existing financial system?

 What’s your project Approach towards DeFi?

CMO and Co-Founder at Bet Protocol, Migule Leite

We love DeFi. DeFi is ALREADY changing the financial system and it opens opportunities to many non-financial market.

For betting for example, there are many great DeFi applications, like mining tokens while betting, etc. We are actually releasing some of these features soon. So stay tuned!

Cryptodiffer Community

How does bet protocol affiliate system works?

Could you share with us what is the benefit for user who have Refferal from his affiliate link..!?

COO and Co-Founder at Bet Protocol, Justin Wu

Each operator sets his or her affiliate structure. Check with the operator under Settings, Affiliates

Cryptodiffer Community

Many new projects made a good impression at first but were suddenly abandoned. My question is, how will you manage the project and token to gain a place in the market and become a best token in the blockchain world?

CMO and Co-Founder at Bet Protocol, Migule Leite

We have been building BetProtocol for 3 years now and BEPRO is going to be here for many years to come.

Cryptodiffer Community

As for the BetProtocol templates, if I decide to create my game with them, am I in charge of the whole development process or is the Bet team in charge of it, under my demands and needs?

COO and Co-Founder at Bet Protocol, Justin Wu

If you want to make a custom frontend and then link to our back office you can

Cryptodiffer Community

What’s your next development step? What do you want to achieve next year 2021?

COO and Co-Founder at Bet Protocol, Justin Wu

https://www.betprotocol.com/post/updated-roadmap-for-2020-and-2021

COO and Co-Founder at Bet Protocol, Justin Wu

thanks for the questions!

Cryptodiffer TEAM

Thank you for you answers, it was an insighfull session

Thank you everyone who participated, great questions as always!

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