EtherSport involves determining the results of sports competitions that cannot be influenced. The platform is developed and exists on the Ethereum blockchain.
What is special about EtherSport?
The main difference from traditional lotteries and betting is that EtherSport is a decentralized system, where the processes of relationships between predictor users and organizers are regulated exclusively by miners who confirm the integrity of information and transactions of smart contracts, occurring on the blockchain.
At the same time, there is no influence of the organizers on the payment of winnings, prize money and the jackpot. Ethersport solves the problem of trust between network participants.
Thanks to the latest technologies, where the platform is developed and operates, users-players do not depend on the subjective rules and desires, prescribed by the organizers and arising during the work of traditional lotteries and betting companies, often with the aim of delaying or not paying out winnings at all. Namely:
| 1. | Non-payment by the organizers of winnings, prize money, jackpot, often for fictitious reasons. |
| 2. | Payment of winnings in installments, with deferred payments that occur over a long period of time. |
| 3. | Requirements on the part of the organizers, the provision by players of all kinds of documents, without which the payment of winnings is not carried out, despite the already completed registration and the provision of the same documents by users-forecasters earlier. |
Users of the EtherSport platform have complete information about the accumulation of prize money, the payout of winnings and the jackpot, which they can check and calculate at any time, unlike traditional platforms where information about winnings, jackpots is provided to players only in the form of amounts, published by lottery organizers.
For such openness, fairness and complete independence from the manipulations and arbitrariness of the organizers, users must pay a certain commission to the blockchain and miners. Since the miners practically work for user-players. And this commission is significant, relative to the cost of the ticket itself and future rates.
Members of the system
The EtherSport protocol contains certain roles, their rights and responsibilities in the system. As a player, you can buy lottery tickets from lotteries to participate in “Lottery 11”, as well as play peer2peer on the conditions, offered by other players.
You can create and host "Lottery 11". In fact, this is a player who fulfilled some requirements and got the right to publish his version in “Lottery 11”. Each lottery participant receives a percentage of the amount of bets, collected from the line, provided to them. The requirements for participation in the lottery will be described in the rules, published in the EtherSport system.
After the launch of the main features, the development team will continue to improve the system, add new features and remain active members of the EtherSport community. This guarantees the development of the product and the growth of demand for tokens. Token holders - system users who will store EtherSport tokens on their wallets.