The First-ever fully decentralized and autonomous gaming platform and lottery system which has no human interaction, where payouts can not be tampered with at any time and “where everyone is a WINR”.
JustBet is the first-ever completely decentralized, self-sustaining, autonomous playing platform. It is community-owned and incentives-driven to encourage long-term engagement and passive income. The JustBet platform (distributed gaming platform, smart contracts, and protocols) have no owner or operator. The protocol operates autonomously with pre-built algorithms for each game. The algorithms built into each protocol calculate the necessary reserve held during each period while determining maximum allowed bets to ensure a healthy and stable reserve. All remaining winnings are distributed to the players.
All the games on the platform are “provably fair”. Games are built using the minimum public house edge. All of the games are open-sourced thus transparent for anyone to examine and audit. JustBet is not only the first-ever self-sustaining playing platform but it is also completely open-source for anyone to verify its fairness and autonomy.
With the help of blockchain technology, the platform’s game transparency is endorsed by an online ledger that everyone may audit. Although there are many online games, most of them are not open-sourced or not safe at all. Having open-sourced and provably fair features provides verification of the randomness and fairness of all game results. On the other hand, a self-sustaining playing protocol is developed to maintain games perfectly as soon as the protocol launches. Each game protocol stabilizes the necessary reserve for each subsequent and future projected period. Therefore, the protocol is both able to pay all winnings and is optimized for future payouts and managing the reserve. All of the games on the platform are built with these essential features with the minimum required house edge.
The Games
JustBet will be offering a large line of games that all users will be able to play in a fully decentralized and autonomous environment with no human intervention. Here is a list of the some the games you will eventually get to play
- Dice
- Moon
- Slot Machine
- Flip Coin
- Roulette
- Poker
- Baccarat
- BlackJack
- Minesweeper
- Keno
- Sic Bo
What is WINR?
WINR token is a proof of wagering token. What this means is that while you spend time wagering on the variety of games JustBet has to offer we will reward you with WINR Tokens. Basically you are mining our tokens automatically as a reward for spending time wagering on the JustBet Platform.
WINR tokens are generated (minted) by Proof of Wagering. At each minting period, there is a certain predetermined amount to be minted. There will be 3 unique waves and a total of 3 phases within each wave making a total of 9 total unique waves of token distribution. Each wave and phase will have a different amounts of tokens allocated to them.
How are WINR Tokens used?
Minted WINR tokens can be used for several incentives-focused activities, such as staking for the daily airdrop and purchasing JustBet lottery tickets.
While game contracts are tied to winnings for airdrop and lottery contracts, both the airdrop and lottery contracts are standalone, self-sustaining, and autonomous smart contracts.
At the end of each period (24h), the algorithm decides what amount of tokens to send to the lottery contract and winnings airdrop contract. After this, the staking contract distributes the daily winnings to those who stake automatically. The lottery contract sends the amount it has in a week to the weekly ticket winners.
WINR Staking Highlights
Users lock their desired amount of WINR to receive daily winnings (winnings) airdrops
Users share the amount of TRX and USDT depending on their weight in the staking contract. For example, if a user is staking 100 WINR out of 1000 WINRs in the contract, he gets 10% of the winnings pool
This is an automated system and winnings automatically airdropped to users
A user must stake WINR for at least 24 hours to be eligible for staking
The JustBet Staking page has the daily countdown timer; users are able to stake/unstake from this page
Unstaking: There is a function for unstaking in Staking.sol. If a user has accrued rewards when this function is called, the smart contract sends the accrued rewards to the user’s address. All stakes on activeStakes and passiveStakes will be canceled and transferred to a user’s address
The WINR staking statistics show much WINR is being staked out of the circulating supply
The JustBet Lottery System
On Monday every week at 17:00 UTC, the lottery will draw 5 numbers from 1 to 20
Users are always able to buy lottery tickets with 1/1,000,000,000 of the WINR circulating supply, so the ticket price is dynamic
Tickets are valid only for one period
20% of the winnings daily are sent to the lottery contract
If there is no winner this week, the amount in the jackpot will be forwarded to next week’s jackpot
WINR spent to buy lottery tickets will, later on, be distributed as bonus mining rounds after the initial mining ends
Token Supply
Total Supply: 10,000,000,000 WINR
Total Minting Rounds: 9
Total WINR Available for Minting: 6,000,000,000 WINR
Pre-Minted for Seed Investors: 500,000,000 WINR
Pre-Minted for Partners: 600,000,000 WINR
Pre-Minted for Promotions & Future Partners: 128,000,000 WINR
Pre-Minted for Development Team: 2,700,000,000 WINR
Pre-Minted for IEO: 56,000,000 WINR
