LunaFi unveils betting protocol with decentralized house pools

2022-3-22 16:54

LunaFi has taken blockchain technology to another level after launching a betting protocol with decentralized house pools. Anyone can provide liquidity to the pools and ‘become the house’ to earn a share of the profit generated from betting activities on the protocol.

Betting has been an attractive front for crypto developers with most wanting to offer solutions to the countless problems in depositing and withdrawing fiat money from the betting platforms and also the lack of transparency on how the platform operates.

LunaFi first tackles the issue of transparency by being a decentralized protocol; meaning the users have control of how the platform is operated. Anyone can join and provide liquidity for bettors.

Bets on LunaFi

Best are programmed to report the outcome of every event using smart contracts and decentralized oracles. This provides maximum transparency on all bets. All the involved parties have a clear picture of the terms of payouts with both bettors and liquidity providers having the option of choosing between BTC, USDC, ETH, and LFI.

LunaFi also has a unique bet mining and reward system that helps to bootstrap the initial liquidity and reward those involved in betting by first removing the house edge with LFI rewards. Lunafi’s treasury department collects 1.5% of the revenue from betting and converts it into LFI after which a portion of it is burnt.

LunaFi Crash game

LunaFi Crash is a crypto-based game that features on the LunaFi betting platform and it involves betting on when an ever-rising rocket might crash which is determined by rather random smart contracts.

According to George a former professional gambler and serial entrepreneur and one of the founders of LunaFi:

“With LunaFi, we want to bring our experience in traditional gambling platforms to the crypto world, whilst removing the incentive problems you face with a centralized house. The most important thing is that players now have a chance to own part of the ecosystem they are involved in, much like the spirit of DeFi. This is why we enable anyone to become the house and have a passive way of earning income.”

The post LunaFi unveils betting protocol with decentralized house pools appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

BlockMason Credit Protocol (BCPT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.04 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0195725 (-100%)

protocol betting lunafi house pools unveils decentralized

Источник: coinjournal.net

protocol betting → Результатов: 28


Фото:

Vietnamese Government Throws Weight Behind akaChain to Lead Country’s Digitization

The Vietnamese Ministry of Information and Communications is betting on enterprise-grade blockchain platform akaChain to spearhead its national program for digital transformation. akaChain to Lead Vietnam’s Digitization In a press release issued on August 17, Vietnam’s Ministry of Information and Communications announced the launch of akaChain, a scalable blockchain protocol developed by one of theRead MoreRead More.

2020-8-18 01:00


Flux Changes its Core Business, Allows Developers to Build Betting Apps on its Market Prediction Protocol

Flux, a German startup that had tapped into the online betting space through blockchains like Ethereum and NEAR Protocol is changing its business model. The firm announced through its CEO, Peter Mitchell that it will shift its core business from managing an App to leasing out its protocol. Initially, the Flux main target market were […]

2019-10-28 20:58


TrustDice Announce Release of Groundbreaking Trust Protocol, Accelerating Decentralized Game Development with dGames

Bitcoin Press Release: Decentralized EOS-based betting game TrustDice has announced the release of Trust Protocol, accelerating decentralized game development, and eliminating in-game cheating. 16th April 2019, Cayman Islands – TrustDice is an EOS based decentralized game that launched in late October 2018, and it is now one of the most popular online games.

2019-4-19 10:41


Фото:

TrustDice Announce Release of Groundbreaking Trust Protocol, Accelerating Decentralized Game Development with dGames

Bitcoin Press Release: Decentralized EOS-based betting game TrustDice has announced the release of Trust Protocol, accelerating decentralized game development, and eliminating in-game cheating. 16th April 2019, Cayman Islands – TrustDice is an EOS based decentralized game that launched in late October 2018, and it is now one of the most popular online games.

2019-4-18 14:44


ZenSports ICO

ZenSports is a peer-to-peer sports betting marketplace where anyone can create and accept sports bets with anyone else in the world, without the need for a centralized bookmaker. Bettors can fund their accounts, place bets, pay commissions, and cash out their winnings via cryptocurrencies (including ZenSports' own SPORT token) Through the utilization of smart contract technology via ICON’s blockchain protocol, as well as a defined token economy, ZenSports is able to offer a fully decentralized betting platform.

2018-11-10 13:11


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

More US states expected to follow Wisconsin’s lead by investing in spot Bitcoin ETFs

Marquette University professor emeritus David Krause told PBS Wisconsin on May 31 that other US states could follow Wisconsin in investing in spot Bitcoin ETFs. Krause called Bitcoin a “good investment” for state pension funds, emphasizing its role in diversification, its high potential upside returns, and its use as a hedge against inflation.

Bitcoin active addresses plummet to five-year low

Onchain Highlights DEFINITION: Bitcoin’s active addresses are the number of unique addresses that were active in the network, either as a sender or receiver. Only addresses that were active in successful transactions are counted.

The Ultimate Guide to Web3 Gaming in 2024

Step into the future of gaming with Web3. Learn how blockchain technology is reshaping the gaming industry and empowering players with true ownership of virtual assets. The post The Ultimate Guide to Web3 Gaming in 2024 appeared first on NFT News Today.