Online betting platforms must address concerns about transparency and fairness, as users fear manipulation of bets and odds. Notably, experienced bettors suspect hidden bets and personalized odd adjustments, raising doubts about the platforms' integrity. Moreover, the substantial control wielded over user funds, including the potential for blockage, exacerbates these concerns. A pressing need exists for solutions ensuring equitable practices, user empowerment, and financial security.
Proposed solution
Using flow and cadence it provides users with increased control and transparency over their bets, as the decentralized nature ensures trust and eliminates reliance on centralized authorities. Additionally, the odds are calculated algorithmically, reducing the potential for manipulation.
Also we aim to create a easy user experience to non-crypto users for atract more users.
Impact
In what ways does this benefit the broader Flow developer ecosystem?
By introducing a betting platform on the Flow blockchain, we expand the ecosystem to new areas, offering diverse opportunities for users to engage and participate in decentralized finance activities. This expansion strengthens the Flow ecosystem and promotes the adoption of blockchain technology in the betting industry.
Milestones and funding
Note: Please consider adoption and/or maintenance milestones at the end of your project.
Milestone
Deliverables
Timeline
Risks
USD proposal
1 - Adapt to non-crypto users
Introduce fiat payments and friendly experience to interact with flow blockchain on our site and the deployed contract on flow blockchain for non-crypto users
2 weeks
-
2500
2 - Automate bets
Create architecture that create bets and set the results automatically
2 weeks
-
2500
3 - Users actraction
Introduce gaming bets for atract another big audience
2 weeks
-
2500
4 - App deployment to serverless
Study wich platform is cheapier and better for our application & deploy the app to it server
1 week
-
0
4 - Marketing Design
Create advertisements and keep innovating
3 months
-
2500
X - Marketing / Adoption
Colaborations with streamers to reach people
-
Low user atraction
25000
X - Marketing / Adoption
Twitch ADS
-
Low user atraction
10000
X - Serverless services & Bets API Plan
Pay the products for 3 months
3 months
-
1000
X - Maintenance
Resolving issuing and fixing bugs
3 months
-
1000
Total funding proposed: 47.000USD. Open to negotiate
Team
Name
Role
Bio
Contact
Joel Pegueroles
Full-Stack & Blockchain developer
Passionate Fullstack and Blockchain Developer aiming to revolutionize with web3 technology and betting ecosystem
joelpepa2@gmail.com
Iñigo Zepeda
UX Designer
Fascinated by creating efficient user experiences and engaging interfaces in the Web3 industry
inigis@hotmail.com
Diego Zepeda
Frontend Developer
Enthusiastic Fullstack Developer with a focus on Frontend, dedicated to pioneering web3 technologies.
FlowBetPalace
Grant category
Description
Problem statement
Online betting platforms must address concerns about transparency and fairness, as users fear manipulation of bets and odds. Notably, experienced bettors suspect hidden bets and personalized odd adjustments, raising doubts about the platforms' integrity. Moreover, the substantial control wielded over user funds, including the potential for blockage, exacerbates these concerns. A pressing need exists for solutions ensuring equitable practices, user empowerment, and financial security.
Proposed solution
Using flow and cadence it provides users with increased control and transparency over their bets, as the decentralized nature ensures trust and eliminates reliance on centralized authorities. Additionally, the odds are calculated algorithmically, reducing the potential for manipulation. Also we aim to create a easy user experience to non-crypto users for atract more users.
Impact
Milestones and funding
Total funding proposed: 47.000USD. Open to negotiate
Team