🏅RECAP AMA EPID COMMUNITY x WAGERR

🕖AMA Timing : 19th March 2:30 PM UTC | 9:30 PM (GMT +7)
🏚Venue For AMA: @EPID_Community_VN
💰Reward Pool : 100$

➡️Part 1: Project Introduction.

MCK ở Circle K:
Q1:
Could you briefly introduce about yourselves as well as your project?

David Mah | wagerr.com:
My name is David Mah, and I am the founder of the Wagerr project. Wagerr is a decentralized sports betting blockchain which focuses of user privacy , bet transparency and unlimited betting liquidity

MCK ở Circle K:
Q2:
What makes the Wagerr project stand out more than the projects in the same direction at the moment?

David Mah | wagerr.com:
Glad you asked, Wagerr runs on its own blockchain, therefore we are able to keep transaction fees low and also allows us to develop the application specific contracts that allows what we do possible

In wagerr, when bets are placed the amount are burned, winnings are minted and losing bets stay burned

with this mechanism bets do not have to be matched against another party, and instead the blockchain will be the other party, hence unlimited betting liquidity

the burning mechanism over time aims to drive supply down and increase scarcity

also the masternode system allows users to lock in an amount of coin to receive block rewards as well as a clip of betting fees derived from winnings

In the near future, masternodes will be feeding sporting information from connected data feeds via a superconsensus system

we will also have an on-chain affiliate system where by those who refer others to place bets will get a cut of the action

MCK ở Circle K:
Q3:
What are the memorable milestones of Wagerr in the research and development process?

David Mah | wagerr.com:
We were initially planning to launch a head to head betting system , however we had to back track create a system where users could bet against the chain. That caused us some delay in launching our initial product

We are glad to have done that as there would significant liquidity issues.

MCK ở Circle K:
Q4:
What does Wagerr plan to do to attract more users in the upcoming time?

David Mah | wagerr.com:
We want to appeal to sports bettors as well as crypto enthusiast alike

We have alot of interest from sports bettors who want to bet on Wagerr

but have not used cryptocurrency before, we are looking into a frictionless on and offramp

I believe the affliate system we will launch is a big piece of the puzzle

On top of that bettors will be able to share their bets and brag about their wins on social media, and this will certainly attract attention

And finally ongoing development and bringing Wagerr closer to centralized books in terms of betting options

Not to mention, casino games is also on the roadmap

For crypto enthusiast, we are confident our tokenomics and reduced circulating supply from masternode operations will be very attractive

MCK ở Circle K:
Q5:
Who are some business partner/clients for Wagerr?

David Mah | wagerr.com:
Good question, we have recently partner with the Zed project, soon Wagerr users will be able to bet on virtual horse races that run on ZED

We are in the process of partnering with a traditional sportsbook operator to help them off load liability. How does this work ? Books are usually unable to accept large bets as they may not have the liquidity to pay the potential winnings

With Wagerr, those books can buy Wagerr and place the same bets made by the big bettor to reduce their liability. This works because Wagerr has unlimited liquidity

We have a couple of books that are already interested in this feature

➡️Part 2: Question From Twitte

MCK ở Circle K:
Q1. Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to Your platform and keep them long term? @daddy113k

David Mah | wagerr.com:
As Wagerr is a decentralized blockchain, the Affliate system will be crucial in attracting users to refer other users to Wagerr, while earning a clip of the action. The Wagerr blockchain is not for profit hence it is able to offer the best odds / price in the world. There is no KYC, anybody who has an internet connection will be able to place bets

Users create a non custodial account secured by a 12 word seed on wagerr.com/sportsbook

and there is no email sign up etc

Funds are in full control of the user at all times

We are also working on translating all our assets in to other languages and Vietnamese is a priority !

MCK ở Circle K:
Q2. DEFI is growing too fast and the likelihood of it being interrupted is very high. What do you think about this and can you be sure that your project product will be in demand in the long term? WAGERR are there any plans to contribute to DeFi’s development? @sangdz12

David Mah | wagerr.com:
So, DeFi (or Decentralized Finance) refers to financial applications that use blockchain technology to disrupt financial intermediaries.

Wagerr is a great example of DeFi because it’s a sports book that removes the intermediaries. They are essentially an extractive force that takes without giving back.

So how is Wagerr disruptive?
Because it’s decentralized, it’s private, with no KYC, no regulatory interference. It has very low overhead. Wagerr offers the best odds in the world.

Wagerr also turns the corporate model on its head.
Holding Wagerr has some parallel with being the owner of a sportsbook. It’s different from being a bettor. If you’re a better, you have to be right more often than not. But if you hold Wagerr, you get rewards from betting trasnactions — in fact, the more betting action there is, the more rewards you get. So if you want to grow your Wagerr supplies, you don’t have to pick a particular team to win. You just have to pick Wagerr.

How could Wagerr be disrupted? That’s a good question. How would you interrupt the Wagerr Network? That’s like asking How would you interrupt the Bitcoin Network? This is the genius of Wagerr. There’s no central point of weakness.

Wagerr doesn’t worry about being disrupted.

MCK ở Circle K:
Q3. Can you list some great features of WAGERR that makes it ahead of its competitors? And what problems do you see occurring in the blockchain industry nowadays and how does your project aims to solve these problems? @vinhnguvodoi

David Mah | wagerr.com:
For Wagerr bettors:
Wagerr has the best odds in the world
Unlimited liquidity — bet as much as you want
Private betting — no KYC, bet anywhere in the world

WGR holders
By owning a WGR masternode, anyone can “Be the House.” The more bets are placed on Wagerr, the more masternode owners earn.
Because more betting action also shrinks the coin supply, the deflationary effects improve the tokenomics — the reason to keep holding WGR.
As more people discover Wagerr, both bettors and crypto enthusiasts, demand for WGR grows and supply shrinks. You can do the math.

We have more betting volume then our biggest competitor Augur and a fraction of the market cap !, I’m sure you can do the math

In terms of Wagerr, the main challenge we are trying to over come is a frictionless way for users to buy in to Wagerr and then spend Wagerr easily like cash

We are working with a potential partner to solve this

Our aim is also to make Wagerr as easy to use as possible. Our best effort to date can be seen on wagerr.com/sportsbook

talking about competitors above, most run on ethereum and gas fees alone make them unusable for most bettors

MCK ở Circle K:
Q4. What makes you feel confident about the survival & sustainable success of Your project in the near future?While you build your project, do you take into account community feedbacks and demands? @isansyn

David Mah | wagerr.com:
Our project have been around since 2017, we have been through the crypto winter and emerged stronger than ever as we continue to push on with development and attracting more users to use Wagerr

Wagerr is one of the most usable and useful products in the crypto space. Most crypto projects don’t have any utility or products at all.

and they mainly survive on hype alone

Community feed back is very important , and we take them very seriously

As this product is destined to be used by the masses

MCK ở Circle K:
Q5. Security & User Interface are the Most Important Aspect that Users see on a platform. How has WAGERR worked on this? Is Platform suitable for Newbies in the crypto field? @minhdubaiz

David Mah | wagerr.com:
We have expert developers that ensure the security of the Wallet software. With blockchain technology , we give full control of crypto assets to the user

Therefore users are responsible to keep their seed phrases safely

Saying , that, we will be launching Wallets that support hardware wallets like ledger

Our aim has always been to create a product that people new to crypto can easily access and use

➡️Part 3: Free asking

Q1: @flotrantow
How do you plan to spread awareness about your project in countries/regions where English is not spoken well like Indonesia, Vietnam, India, Bangladesh and Iran, do you have local communities for them to make them better understand about your project?

A:
Complementing upcoming translation options to our wallets , Wagerr’s affiliate program creates great incentives to earn $WGR by introducing Wagerr platform to real bettors.

Since you earn passive income every time a bettor wins on Wagerr, the more people you sign up, the bigger your income. For the rest of your life.

That’s a great incentive to join Wagerr and spread the word in your language. You can tap into an untapped market and basically control all the affiliate income.

Q2: @beccaka
How do you intend to revolutionize the financial services? What is the long-term vision of WAGERR as a project???

A:
Wagerr completely revolutionizes sportsbetting. I’m not saying it’s going to. It already has.

Wagerr disrupts the corporate system and changes the incentives. WGR holders earn rewards as betting volume grows. And the coin supply shrinks as betting volume grows.

Wagerr’s tokenomics are brilliant because they drive value. There’s nothing else like it.

Q3: @Zafiya67
Token burn” is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does your great project have a plan about token burn?

A:
Yes! Wagerr burns tokens systematically. The network burns tokens every time a bet is lost and every time a bet is won. It also mints tokens, when bets are won, so there’s a bit of a balance. But the important thing is this:

As betting volume grows, the systematic destruction of the coin supply makes Wagerr a deflationary asset.

Wagerr was born because there was a need for open access betting without any restrictions. Blockchain technology just made perfect sense when coupled with sports betting and a deflationary tokenomics system. We are aiming for more people use Wagerr over time.

Q4: @daucatmoi05
Who are your potential customers and which market are you targeting? All project coins have Utilities and are used in real life! So can you tell us what the main role of coins in your ecosystem is? Explain its Utilities & Real life use cases? and Why should I invest long-term in your currency?

A:
The international sports betting community numbers in the BILLIONS.
The volume of global sports betting is in the TRILLIONS.

Wagerr’s user base is world-wide. We don’t need to get billions of users to make this project go parabloic. We just need a tiny fraction.

However the more awareness we get the more it attracts

Thank you for the support and enthusiastic participation of the community!
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