JustBet is the first ever fully self-contained, community-owned online gaming protocol and lottery system. The project is built not only to create a completely fair gaming experience, but also to share most of its winnings with its users.
Contents:
Description of the JustBet project
The JustBet protocol works autonomously with the pre-built algorithms for each game - based on the amount, which the player has bet, the user will automatically mint native WINR tokens on the platform at a speed, predetermined by the smart contract for each period, until the token reaches the maximum supply. Each time the user bets, their total stake will be converted into a series of WINR tokens.
By offering an unprecedented level of transparency in the gaming industry, the JustBet protocol can better provide autonomy and support itself without the need for a central authority. Just Bet uses cryptographic hash functions to ensure that neither game providers nor users can cheat the game process.
Some features:
| Firstly | Each game has a distance between a predetermined set of numbers. For example, for a dice, the protocol limits the number from 1 to 100. |
| Secondly | For each bet, the protocol accepts the hash of the blockchain bet transaction. The protocol combines block hash, time stamp and transaction complexity lock. |
| Thirdly | Players can check the fairness of each game through transparency. |
The built-in Just Bet protocol algorithm will dynamically adjust the minimum and maximum bets every 10 minutes, depending on the average size of recently placed bets, and the amount and liquidity of reserves that a particular game protocol has at that time. In this way, the reserves of JustBet games retain their solvency.
Additional information
So far, White Paper and RoadMap are absent on the site. The developers provide only a small description of the games and other features. To stay up to date with all innovations, subscribe to the community on these social networks:
- twitter;
- telegram.
You can also leave your email address on the site to receive a newsletter with project news. The platform doesn’t have an audit.