Chipz

We are decentralized sports betting platform, designed to modernize and democratize the way people engage with sports betting through blockchain technology. This platform aims to harness the transparency, security, and accessibility afforded by decentralization to create a sports betting ecosystem that is open, fair, and beneficial to all stakeholders, from casual bettors to content creators and sports teams. Here’s a detailed look at its core components and functionalities:

Unique Features Customizable Betting Pools: Users can create their own betting pools, setting their own rules and fees. This not only allows for personalized betting experiences but also opens up new revenue streams without direct exposure to betting outcomes.

Lossless Betting Options: A novel feature where users can participate in betting pools without the risk of losing their initial bet. This is made possible by using the pooled funds to generate yield through decentralized finance (DeFi) mechanisms, with profits distributed to the winners.

Verifiable Outcomes: The use of IPFS for recording outcomes ensures that all bets are settled fairly and transparently, with the data easily accessible for verification.

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Integration with Web2 Data Providers: The platform sources event data and betting odds from established sports betting providers in the Web2 space, ensuring that users have access to reliable and timely information for making informed bets.

IPFS for Verifiable Results: Outcomes of events and the corresponding bets are recorded on the InterPlanetary File System (IPFS), a decentralized storage solution. This ensures that results are tamper-proof and can be independently verified by anyone, enhancing trust in the platform.

Abstraction Layers: To simplify user experience, the platform abstracts away the complexities related to licensing, platform management, and gambling regulations. This is achieved through strategic integrations, such as miniPay for payment processing and Chiliz Fan tokens for enhancing fan engagement and team interactions.

EVM Compatibility: The platform is built to be compatible with any Ethereum Virtual Machine (EVM) compatible network, ensuring wide accessibility and flexibility for users across different blockchain ecosystems.

We also deployed in Base for the low cost of the fees future abstract accounts integration