Topic: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties - page 115. (Read 237365 times)

Maybe some early sellers 

Without even testnet. No way. I bigger exchange means nothing when there is no product yet. Keep calm, forget you actually bought the coin, come back in a year and celebrate your 300% increase. But don't forget to move your coins into your wallet

The price went up to the ICO price from the last round. At this point no early buyer has made a loss.

I think that Wagger could hit even $10+ when it goes to bigger exchange.

Maybe after main net launches... right now it doesnt make sense to get the temp token added to exchanges.

No. Roadmap says Mainnet will start in Q4. Testnet wird start Q3. But you never know for sure. You can join the slack. The wagerr team is usually present there and can answer your questions. Our just subscribe the newsletter for confirmed information. Last mail they were confident preparing the testnet.

Is there a specific date when the mainet will launch?

What about new exchanges to be added?

Just bought a fair share of wagerr, hope it does well

aggred with you ,i hold some WGR,hope will rocket soon.

WAGERR is contributing to a niche market and if executed rightly, we see much bigger gains in the future.

3.7x i guess

Only a tiny percentage of new WGR is minted every year, so burning fees is not 'decorative circulation'. It will likely result in rapid appreciation which is also good for bettors and they may well become WGR investors & speculators too as a result.  

However for bets that are over a longer horizon, it's true that greater stability is valuable. However the solution to that is not to dump WGR to maintain the price but rather to introduce a stable token backed by WGR.

Also most sportbooks have to jump through a big amount of hoops to serve particular markets. This is much easier and cheaper for a blockchain based solution so profits are higher while still being cheaper for bettors.

The Wager Dollar

(Based on BitUSD by BitShares)

For the example and simplicity let's say the current market price is 1 WGR = $0.1

If a bettor wants to bet $10 on a fight, he needs to buy 100 WGR to get 10 WGR Dollars.
Unbeknownst to the bettor, whales, masternodes & WGR holders are able to short that 10 WGR dollars with 100 WGR. Both amounts go into a pool containing all WGR Dollar bets and those shorting them.
If WGR goes up in value let's say to $0.2 then it will only cost 50 WGR to return $10 USD worth of WGR to the bettor. The other 50 WGR is profit to the person who shorted the WGR dollar.
Conversely if the value of dollar rises vs WGR then the person who shorted it will lose.
Also because all the WGR collateral is pooled it should be able to maintain dollar payouts even where WGR loses 90% of its value.

The example of this is BitUSD & BitCNY by BitShares. (BitCNY has an $11 million CAP https://coinmarketcap.com/assets/bitcny/

They have both maintained their respective currency pegs for 3 years+ I believe, even with BTS falling 80%+ at times.

https://cryptofresh.com/a/USD
https://cryptofresh.com/a/CNY

So as a medium term goal I would reccomend emulating currency stable assets in order to provide stability without whales ever needing to sell WGR. It would probably be best to employ a BitShares developer if this is something you were interested in.

Value-coupling is just a decorative circulation to refresh the token so that it looks seemingly active in the eyes of bettors. Very tiny percentage of the token will get burned while 2million new tokens are being minted each year.

You know sportsbook bussinesses are too competitive these days. It's like there are too many toilets in the shopping mall so that everyone must clean his own toilet bowl to attract the shoppers. Value-coupling is like cleaning the old shit that stuck everywhere in the toilet covering it up with new paint.

A long list of whales are holding huge amounts from 4 million to 500 thousand WGR respectively. All of us are housers and masternode owners. We have to keep the token price looks standard to bettors therefore we can't let it surge too much. Every time when it goes up a little, we'd have to dump a small amount of our tokens to maintain it back to standard again.

The new update didn't even mention a single word of 'investor' unlike what other investment coins would normally do. We mentioned everything only about betting and bettors.

They'll cry for selling early and then they'll be spreading FUD to bring price back to current levels so they can rebuy. Rinse and repeat. Only@Crypto™

Haha if that works out Wagerr is x5 in 2018.

The ATM thing is a smart move.

Masternodes are loved by the community as well.

Congrats to everyone invested in round 1-10 , and congrats later to them who invested in 10-20.

The usual initial wave of impatient morons. In three months they'll sing another song.

I love receiving Dev-updates via mail...

The parts I like most:

"Nearly ¾ of a million wager have been put on the line, which means one thing….

Wagerr. Will. Be. Burned.

As it will be on the live chain, Wagerr will be burning the fees. Should the bet result in Wagerr.com carrying a loss, the team will cover it out of the funds allocated to compensate the original developers of Wagerr. "

and

"We are working on a partnership with a Bitcoin ATM company that would make wagerr integrated into every BTM they deploy, this would make it easier for normal users to get fiat in and out of the wagerr network."

I´ll hold my WGR for quite a while...

thanks for the cheap coins, whoever dumped on me. These sub ICO prices are worth a go. Just mark my words.

This just out from the Wagerr team...

http://mailchi.mp/bff70f654c3b/wagerr-issuance-update-67303?e=d9b9a9cd73

I'm sure that this coin will get a value of 3x when arrives to Bittrex.Next floor 0.00008 BTC.Be warned