JustBet AMA Recap

JustBet AMA Recap

CryptoDiffer team

Hello, everyone!

We are glad to meet here 

Ali Ömer Horzum (Founder and CEO at Extra Watts which is behind JustBet)  @TokenSuiteOmer

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

Hello everyone.

CryptoDiffer team

Let`s move to the introduction questions

Q1: Can you introduce yourself to the community? What is your background?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

I am the founder and the CEO of TokenSuite, and I am involved in cryptocurrencies since 2013. We, as a group, also have several companies. JustBet is our first and only DApp that we created with years of experience from our clients, and generally in crypto space.

CryptoDiffer team

Q2: Can you briefly describe what is JustBet in 3-5 sentences?  What technology stands behind JustBet and why it’s better than the existing one?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

Simply put, JustBet is the first ever truly decentralized casino because there is no one that can control nor drain the bankroll. Users are mining WINR tokens through what we call Proof of Wagering. They are able to stake these tokens to be able to get daily winnings from the platform, or buy tickets for weekly lottery. The token mining doesn’t stop because when we reach the total supply, the WINRs spent to buy lottery tickets will be distributed just like mining rounds.

CryptoDiffer team

Q3: What are the major milestones you have achieved so far?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

We have started drafting ideas for the project in the beginning of 2019. We have gotten our seed investment, got also partnered and invested by Bitmart. We also already built the platform, with final private tests going on gearing up for a launch on 28th of August. I would say the major milestone was to figure out a learning algorithm that manages the bankroll as it took us more than 12 months to come up with a working formula. We ran countless hours of simulations to make the the autonomous manager of the bankroll does distribute correct amount of  winnings every day, also keeping it’s reserve healthy for the bets next day.

CryptoDiffer team

Thank you for such detailed and interesting answers!

Let’s move to the Telegram community questions part.

Cryptodiffer Community

1) What’s the relationship/partnership between JustBet and TokenSuite?

2) How transparent are you, and can we track/verify results? Because casinos are not transparent.

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

1) The management team is the same but we have a completely separate development and marketing team

.2) We have a fairness pop-up for users to prove fairness of the platform. The lottery smart contract draws 20 numbers from a random Bitcoin block hash every week at the time of the draw. Games on the other hand, are purely built on-chain, so randomizers are also taken from the chain. We have taken extensive security measures against a miner possibly cheating the system.

Cryptodiffer Community

•  JustBet claims to be the first-ever fully decentralized, do you mean in your country or the entire blockchain ecosystem? There are other casino projects on the blockchain, what is different in JustBet?

•  To play on Justbet, do I need to send my funds to my JustBet account or can I do it directly from my wallet?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

* The other so-called decentralized platforms are not really decentralized because there is a humen interference to the bankroll. Which means the platform can let you play an amount it cannot pay or the owner of the platform can just take away the bankroll one day to his address, and your platform tokens  that you use to get daily winnings would be worthless. On JustBet, an algorithm manages this process, so no human interference is possible.

* You can directly play through your wallet, but we will implement a soft account system on next releases for those who doesn’t have a wallet.

Cryptodiffer Community

Being a Prolific gambler, am interested in CASHING OUT, so what Gateways other than Cryptocurrency is available to Processing my winnings and profits

Traditional Casinos are serving me and in my opinion more Trusted, why should I switch to Blockchain Casinos which can be manipulated and I have no direct power on the outcome

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

Traditional casinos are controlled by an entity. An entity could go bankrupt, an entity could exit scam, an entity could be poorly managed. JustBet isn’t an entity, it’s an autonomous ray of smart contracts, with an interface. No one can alter nor interfere with the contracts.

Cashing out is easy, as you can bet with USDT which we will later connect with instant exchanges for even average Joe to play on the platform.

Cryptodiffer Community

One of the major things people check and verify before using a blockchain platform is the SUPPORT for handling Queries and Issues. Is your support well Robust 24-7 or automated Bot reply?

Do I need KYC to enjoy all the awesome features and facilities and what  crypto is currently allowed to be used in playing in

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

You don’t need KYC, as there is no legal operator of the contracts. I have skipped some questions, as I have already answered them. JustBet is a pure array of smart contracts stacked on each other.

Cryptodiffer Community

The user community is important to a crypto project. How does JustBet evaluate the importance of the user community? In the near future, does JustBet have any special plans to attract and expand the community? 

 How did JustBet survive in during long bear market? what your team strategy to gain more adoption? Can you share us on recent achievement your team are most of?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

Since we had funding, we didn’t have issues with development during COVID-19. Instead, we got a huge interest as online gambling is having it’s golden era.

On the other hand, community is what we value most. We have been running user acquisation campaigns for several other crypto casinos, so we have massive experience on how to attract crypto gamblers.

Cryptodiffer Community

Which crypto can I use to play on JustBet?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

You can now use USDT and TRX. We will soon implement VET chain, and other chains. Since we DO really work on smart contracts, implementing a chain means duplicating our smart contracts onto another chain.

Cryptodiffer Community

Why are you better than centralised casinos?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

1. No one can ever run away with user’s funds.

2. No one can track your funds.

3. You are becoming an owner of the platform as you wager.

Cryptodiffer Community

What your plans in place for global expansion, are JustBet  focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

Nice question. We already are in talks with VET about partnership and implementing their chain. Our main market focuses are China, South Korea and Japan with Plinko games. We already have a substantial Chinese marketing team, and the platform will have multi-language option.

Cryptodiffer Community

Q1: Does AI do anything to restrict my winning if I am on winning steak? How legit is your your Ai system? Can we check code?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

All smart contrats will be visible for verification. Our AI is not completely an AI per say, it only manages the casino bankroll, and not the bets.

Cryptodiffer Community

I am already using other Blockchain Gaming platforms

Why should I Move to justbet Platform?

What Main benefits will I get on the justbet platform?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

On JustBet, when you mine, stake and start earning WINR, you will make sure that the TRX and USDT that are being distributed every day can only be controlled by an AI, so it can’t be altered and you can’t get scam. You can now be a true owner of a gaming DApp.

Cryptodiffer Community

Do you have any bounty program?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

We have an affiliate type of MLM and referral program. Affiliate MLM earns you part of the WINR your affiliate mines. Referral program gives your 3-months WINR mining multiplier.

Cryptodiffer Community

Can you give an overview of justbet tokenomics? Will the design of the token rise and fall with the success of the platform, does it include any scarce paths, such as equity, storage?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

The scarcity is there. 6 billon tokens that are mineable will be mined in a 10-year period according to our calculations and the mining difficulty changes everyday depending on the winnings and winning ratio of the platform.

Cryptodiffer Community

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 JustBet technology?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

One very important thing worth saying is that these so called decentralized gaming DApps are mostly HTML5 games. They are using blockchain just to process funds, but not the game itself. Some DApps even have live casinos. Extremely against the very nature of a DApp.

Cryptodiffer Community

What are the different between JustBet with others participants like Crypto.Games, Stake,…. Why we should chooseu ?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

You become an owner of the platform as you wager. And you can verify everything working on-chain for fairness, and security

Cryptodiffer Community

What have you learned from early versions of the product or service? What are some of the major #JustBet blocks along the way?

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

Two things took time: to come up with the bankroll formula, and the mining formula. We realized that tokens could be minted very fast, resulting in a very short mining period, which is not favourable for a long-term success.

Cryptodiffer Community

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

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

Actually, WINK, previously TronBet inspired us with their platform because as soon as we realized that were just using chain to process funds, we started to think we can do better, and fix their issues in a better way. And we have. Now it is time to let gamblers know of this.

Ali Ömer Horzum, Founder and CEO at Extra Watts which is behind JustBet

Thank you for your questions guys!

Cryptodiffer Team

Thanks for your time @TokenSuiteOmer  

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

 

Let’s finish the AMA

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