Cryptobookie Whitepaper

Cryptobookie.app - the one and only blockchain bookmaker.

Core idea and vision

Our global mission is to offer users the best experience and satisfy the most demanding desires of our customers by introducing modern technologies of Web3 and new services to expand the blockchain functionality of the service.

Kill features

  • Complete lack of verification. No any personal data and selfies with documents needed. Also we do not store any data.
  • Work only with MATIC. No hidden fees. Only network fees for transactions**.
  • No ads. Completely. At all.
** - there will be special bonus campaign soon (transaction fees = same amount tokens back)

Industry problems

Centralized online betting platforms face several problems:

  • Trust issues — Bettors have to trust the market operators in order to play.
  • Centralisation — Limits where users can participate and in which markets they can bet in.
  • Lack of transparency — Operators could steal funds and commit fraud.
  • Movement of money — Deposits and withdraws might take days due to electronic fund transfers and wire transfers.
  • Fairness — Odds are in favour of the bookmakers.
  • High fees — Betting operators normally charge high fees due to high operation costs.

Solution

Public decentralized blockchain technology has several important characteristics that can bring revolutionary change to the existing betting industry:

  • Transparency — Code is 100% open source and can be viewed on Github. This enables anybody to do his or her own due diligence to examine the code. Funds are stored in public blockchain wallets and payments can be tracked on a block explorer.
  • Trust-less — Participants do not have to trust a central authority, payouts will be guaranteed by smart contracts.
  • Peer to peer — Participants bet against other players directly, without the need of a central operator.
  • Decentralization — This will result in the removal of central operators, which leads to lower fees due to reduced operating costs. Thus, the platform can offer better margins for players, fairer games and better chances for players to win.

Market possibilities

The global sports betting market reached a value of nearly $58,073.11 million in 2021, having declined at a compound annual growth rate (CAGR) of -7.59% since 2016. The market is expected to grow from $58,073.11 million in 2021 to $185,265.98 million in 2026 at a rate of 26.1%. The market is then expected to grow at a CAGR of 5.85% from 2026 and reach $246,146.39 million in 2031.
The sports betting market is segmented by platform into online and offline. The online market was the largest segment of the sports betting market segmented by platform, accounting for 57.9% of the total in 2021. Going forward, the online segment is expected to be the fastest growing segment in the sports betting market segmented by platform, at a CAGR of 31.6% during 2021-2026.
Attraction of investments will allow to expand the staff and solve tasks much faster. At this stage we are in dire need of a Solidity Dev, dotNET Dev and QA. Also we are looking for BA and UI/UX. We are launching token sale to get ~1_000_000 USDT. This will strongly help us to strengthen our team and reach our first goal — 1% of Market cap in Q1-2025.

Product features

  • Name: Cryptobookie.app
  • Chain: beta on Mumbai Testnet 0x13881 (Polygon Mainnet further)
  • Contract: 0x56315807776442a60ca9b7388f647b1e70f26e70 (Mumbai Testnet 0x13881).
  • Sports available: Soccer, Basketball, Ice Hockey, American Football, Baseball, Rugby League. (Coming soon: MMA, Tennis, Golf and other).
  • All odds will be fixed when the match starts.
  • Bettor can bet singles and multiples (up to 256 billion outcomes :).
  • All winnings will be paid back the same wallet address by smart contract.

Roadmap

  • [Q3 2022] Contract development (MVP features)
  • [Q3 - Q4 2022] Frontend development (MVP features)
  • [Q1 - Q3 2023] MVP on Testnet alpha
  • [Q3 - Q4 2023] Token sale
  • [Q1 - Q2 2024] MVP on Testnet beta
  • [Q3 2024] MVP on Mainnet
  • [Q3 2024] Smart contract Audit
  • [Q4 2024] Implementing tokens to betting system
  • [Q4 2024] Own API development
  • [Q4 2024] Sports enlargement
  • [Q1 2025] Own casino games development (Roulette, dice, predictions and so on)
  • [Q2 2025] Own marketplace (spending tokens)

Token utility

Cryptobookie token (ticker symbol - BOOKIE) is a utility token which plays an important role for our Web3 Platform for both bettors as well as investors. Such utility token fuels all important activities in such ecosystem and can be used by users to receive significant benefits.
By Q4 2024 you will be available to buy FREE BETS for Cryptobookie token.

Before Q4 2024 token usage:

  • Polygon Network fee per transaction (cashback)
  • Royalty refund (3% extra bonus to your winnings in tokens)
  • First bet bonus (be first bettor and get the same amount bet bonus in tokens)
You can also provide liquidity. Become investor or buy token and make LP on any DEX platform and start earn!
BNB-chain: bscscan.com
Polygon-chain: polygonscan.com

Team

  • Founder / Business Dev
  • Frontend Dev
  • Backend Dev
  • Solidity Dev
  • QA