Imagine being part of the estate of top bookmakers like William Hill or Bet365. For most of us, this will remain just a thing of the imagination. Well, not for long. Not with blockchain technology – with the newly launched decentralized betting platform, chips – Continuing its great turmoil in the betting and gambling sector.
Chipz will allow users to become sports bookmakers and own part of the platform once it becomes fully decentralized.
How will Chipz work?
The Chipz ecosystem will be powered by the utility token ERC-20, otherwise known as CHPZ. The CHPZ token will be used to generate sportsbooks and stock auctions on the platform through smart contracts. Besides, all winnings of tied bets will be deposited in the users’ wallets at CHPZ.
Once a user already has CHPZ in their favorite ERC-20 wallet, Chipz provides multiple ways to earn more CHPZ on the platform. For starters, you can become a bookmaker, creating events with different outcomes and allowing bidders to participate in their favorite outcome. Dealers will pay you a set fee at CHPZ.
On the other hand, the user can share CHPZ in sports and sports events listed on the platform through Chipz oracle explorer. If the tied score wins, the smart contract distributes your CHPZ winnings to your wallet automatically.
To be a part of Chipz Governance
Based on Chipz’s road mapThe ultimate goal of the developers is for the platform to achieve true decentralization. The CHPZ token will be used as a governance token. Here, users who purchased CHPZ tokens in the early stages of the platform, as well as authorized bookmakers, will become part of the decision makers of the Chipz platform.
As a CHPZ holder, you are allowed to post and vote on future platform proposals and fees. Furthermore, certified bookmakers – highly rated and trusted Chipz users who have built a reputation for creating trustworthy bidding cases based on Chipz oracle explorer sports events – will be allowed to generate multiple scores on almost anything beyond oracle data.
Thus, certified bookmakers will participate in the governance of Chips and create events at all with an uncertain outcome that the bidders can participate in.
Even better, Chipz developers claim that the bookmaker’s verification does not include requiring users to KYC. Instead, the platform will attach the user’s wallet address to their bookmaker’s profile and then monitor the profile based on the bidding statuses they set. Furthermore, bidders will be able to vote or vote for a bookmaker thus maintaining accountability in the Chipz community.
Where to buy CHPZ today
Early users of Chipz – both bidders and bookmakers – will be rewarded with CHPZ tokens once the platform achieves true decentralization.
Fortunately for interested investors, Chipz is still in its first version; Hence, today’s CHPZ contract makes it an early adopter. Currently, You can buy CHPZ tokens on Bounce As a pre-sale investor at $0.03 per token. There are 15.000.000 CHPZ listed for pre-sale to the public.
You can also wait for the CHPZ public listing on Uniswap scheduled for 6 PM UTC on August 6, 2021 and purchase the token at $0.05 per token. The platform plans to list 10,000,000 CHPZ on Uniswap.