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How CHPZ Token is Powering Decentralized Sport Betting

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Find a Betting Pool on Chipz Platform to Satisfy Your Thrill for Gambling
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The online betting industry has seen many innovations in the last few years as most bookmakers move from traditional sportsbooks to crypto betting. Even better, blockchain technology is catching up with the industry as new decentralized platforms enter the market. One such platform is Chipz, a decentralized betting platform powered by its own CHPZ token.

The CHPZ token will give users the access they need to participate on the Chipz platform as either bookmakers or bidders. According to the Chipz Whitepaper, the current Chipz Beta version will allow users to bet on any sports event provided by the platform’s oracle explorer. Although Chipz Beta only provides for NFL elements, Chipz’s developers claim that future versions will allow CHPZ holders to become bookmakers who create their own events.

Let’s look at how the CHPZ token powers this decentralized betting platform and opportunities for sports fans.

The Chipz Betting Platform

Before looking at the decentralized betting token, it is wise to understand the basics of the Chipz platform. As enthusiasts of gambling would have it, the future of betting is the ability to bet on anything.

Features of the Chipz platform that make it a pioneer of decentralized betting include:

  • No limits on the bets.
  • Absolutely no KYC procedure is required.
  • Betting on sports and any other events with uncertain outcomes.
  • Chipz is also introducing NFTs.
  • Lending protocol for fans who have run out of CHPZ.
  • Users can join the platform as bidders or as independent bookmakers.

The CHPZ token will come in handy as the currency that fuels transactions made by sports betting fans in the ecosystem.

How to Use the CHPZ Token

CHPZ is an Ethereum blockchain-based ERC-20 token that is circulated by the Chipz platform. The token will power all the betting processes on the platform. There are a total of 100M CHPZ tokens to be supplied – 20% of the total is locked for the Chipz team, with 5M to be released every 6 months.

Early adopters of the Chipz system can obtain CHPZ from Uniswap through the upcoming public sale. You will also be able to get CHPZ as a loan using your ETH or other Chipz partnered cryptos as collateral in later Chipz versions.

Once you have access to CHPZ, you can start participating in the betting ecosystem at any time and from anywhere.

You can use the CHPZ token in the following ways:

  • Stake on a bid
  • Create a booking instance
  • For governance in future versions

Staking using CHPZ

Chipz platform will only allow bids to be set using its CHPZ token. Once you stake on a bid, the smart contract will execute, and earnings will be deposited into the accounts of the winning bids.

If you stake using loaned CHPZ, you only earn if your bid wins. In case your stake loses, the loan will be executed and distributed to the winning bidders.

Staking using CHPZ will allow users to participate in global gambling markets without restrictions on staking amounts like most current bookmakers.

Using CHPZ to Create Booking Rooms

CHPZ gives you the option to participate as a bookmaker on the Chipz platform. You’ll use the token to pay for the room creation fees and any other fees pertaining to the smart contract.

When a smart contract is finalized, all earnings will be paid to the bookmaker in CHPZ token. Even better, despite being a host of betting rooms, you can also participate in other rooms as a bidder –  provided you have enough CHPZ.

In conclusion, the ability for sports betting fans to make good earnings using their CHPZ tokens – more so without limits and KYC demands – will only get better as the platform’s developers add more features.

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Cryptocurrency

TRON and APENFT partner with Decentral Games to take GameFi to the next level

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TRON and APENFT partner with Decentral Games to take GameFi to the next level
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TRON, one of the leading cryptocurrency projects by market cap with a valuation of over $6B, has partnered with Decentral Games to unlock GameFi’s potential to help more ordinary people as it currently has in many regions worldwide.

“I believe that the partnership with Decentral Games will unlock more potential for GameFi,” said TRON CEO and Founder Justin Sun. “It’s fascinating to see how GameFi facilitates a player-owned economy with ownership transfer and additional revenue generation. That has already benefited many ordinary people, especially in South Asia.”

TRON’s investment in $DG represents a strong endorsement of Decentral Games’ cutting-edge play-to-earn innovations. It also follows several high-profile partnerships and collaborations with Binance Smart Chain, Polygon, Theta, Grayscale, Decentraland, and Hashkey, among several others.

TRON launched a $300-million investment pool together with APENFT in August dedicated to advancing GameFi related technology, a space in which Decentral Games has become a prominent player. “GameFi is going to be the next big thing that makes the DeFi, NFT, and larger crypto space easy to understand and be involved in,” Sun said recently.

“The Decentral Games and TRON teams share the belief that play-to-earn will play an outsized role in shaping the broader gaming sector and the future of entertainment and work,” Decentral Games CEO and Founder Miles Anthony said.

“We are excited to work with TRON to accelerate the adoption of NFT and EV-positive gaming technologies for the long-term,” Mr. Anthony added.

GameFi has taken the blockchain game industry by storm as it combines decentralized finance (DeFi), bringing new dimensions to crypto games. For example, players may use and delegate assets to generate yield.

Decentral Games recently launched ICE Poker, an unrivaled play-to-earn (P2E) ecosystem that financially rewards users for their participation. DG’s gameplay mode boosts daily and monthly recurring players on the $DG platform and creates an EV-positive (expected value positive) environment for all players.

As a result of DG’s P2E success, a growing, loyal community of players have collectively provided the project with a formidable moat and dependable cash flows to the platform’s DAO. Year to date, the DG DAO treasury’s total assets have increased exponentially from $500,000 to over $12 million.

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Cryptocurrency

Announcing The Crypto Gaming United Public Token Sale

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Announcing The Crypto Gaming United Public Token Sale
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The Crypto Gaming United (CGU) token sale will open on TimeX at 2:00 PM UTC on 18 October 2021. (5:00PM Moscow MSW / 10:00PM China Standard Time CST / 1:00AM Sydney AEDT Oct 19)

The emergence of play-to-earn blockchain games has created many opportunities for gamers and crypto investors alike. Crypto Gaming United (CGU) seeks to both leverage and drive the growth of the sector over the coming years through a series of initiatives that will increase access and earnings for players.

 

CGU tokenomic model

The main source of revenues for CGU is rental of valuable DAO-owned NFTs (like Axies) in return for a proportion of daily income, enabling players to participate in the most lucrative gaming opportunities and NFT owners to monetise their assets. As CGU scales, the influx of new users into play-to-earn games will also have a meaningful impact on the market price of these NFTs.

The CGU token will be distributed to DAO members in return for undertaking a range of activities that promote the initiative and grow the community, including referring friends, creating educational resources, streaming gameplay, and exceeding earnings targets, as well as staking. Demand for CGU is driven by its utility as the native token of the DAO and the means of purchasing different services and upgrades, and by the flow of revenues from gamers into the currency.

Public token sale details

CGU has a total supply of 1 billion tokens, with 26% allocated to investors. A further 40% are allocated to the community, 18% to the project treasury, and 16% to CGU’s founders and advisors. 

A $5 million seed round and $10 million pre-IDO round have already been completed, both with locking periods and 3-year vesting schedules.

The sale will take place on TimeX, starting at 2:00 PM (UTC) on 18 October 2021.

25% of the funds collected will be used for developing and bootstrapping the CGU community and DAO, with the remaining 75% being allocated to a Treasury of digital assets, collectively owned by the DAO.

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Cryptocurrency

Kinguin partners with Bitcoin Vault bringing NFTs to its global marketplace

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Kinguin partners with Bitcoin Vault bringing NFTs to its global marketplace
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Kinguin, the world’s first digital marketplace for gamers, has announced that it is bringing Non-Fungible Tokens (NFTs) to its marketplace for the very first time through a partnership with Bitcoin Vault (BTCV), a cryptocurrency trading platform. The partnership will see a selection of SkillzVault Ethereum NFTs available to purchase on Kinguin marketplace.

Bitcoin Vault is a cryptocurrency trading platform that provides an extra level of security based on a three-private-key security software – mobile GoldWallet, desktop Electrum Vault and the Key Generator app. As well as featuring all the standard Bitcoin aspects, the extra layer of features provides users with extra transparency and freedom to purchase products using cryptocurrency.

SkillzVault is a gaming talent show created in partnership between Bitcoin Vault (BTCV) and ESE Entertainment. The gaming talent show is running from July 28 to November 21 in five countries: Brazil, China, Japan, South Korea and Vietnam, with gamers taking part in one of the two fastest growing games in the industry – Peacekeepers Elite and PlayersUnknown Battleground Mobile (PUBGM). Viewers can also experience the excitement through SkillVaults’ Twitch profile and game.tv.

Kinguin users will be able to purchase three different types of static SkillzVault competition card NFTs exclusively through the Kinguin website using both cryptocurrency and fiat payment options. Each NFT represents one of the three heroes who feature in the SkillzVault gaming talent show, which includes a Japanese Samurai, a Brazilian footballer and a South Korean K-Pop star. Both Kinguin and Bitcoin Vault ensure each NFT sold is unchangeable and tamperproof.

Mateusz Mach, Director of NFT marketplace at Kinguin said: ‘We’re really excited to partner with Bitcoin Vault, bringing our customers the opportunity to purchase an exclusive set of NFTs for the first time in our history. We’ve progressively been introducing more cryptocurrency payment solutions to our platform and for some time now, we’ve been working towards providing our customers with NFT offerings. We’re looking forward to continuing our roll out of NFTs on Kinguin marketplace and will soon be revealing even more exciting, exclusive NFT partnerships.’

Piotr Kozłowski, Chief Growth Officer at Bitcoin Vault said: ‘Kinguin is a global marketplace that’s leading the way in its industry when it comes to integrating blockchain based solutions onto its platform, services that are becoming increasingly popular amongst the digitally native gaming community. Partnering with Kinguin’s marketplace will also provide gaming fans with the easiest, most convenient and safest way to purchase our SkillzVault NFTs.’

NFTs are verifiably unique (non-fungible), digital assets. The data of an NFT is stored on a digital ledger called a blockchain, meaning that the digital asset can be certified as unique and therefore, not interchangeable. NFTs have risen in popularity in the past year, with a range of types of NFTs being sold including digital art, videos and trading cards.

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