Topic: Tor Token is a unique web3 project that will be pre-sold on January 19, 2024 (Read 84 times)

It is a unique project in the advanced global betting industry that runs on its own cryptocurrency, the tor token. Tor Bet Project could be the shining star of 2024. Now I would like to tell you about the project content.

1- Introduction
2- Tor Bet Introduction
3- What features will be in TOR BET Version 02?
4- What is betting with TORBET?
5- What is Tor bet lottery working logic?
6- What is Tor Bet Referral System?
7- What is TORBET Partnership?
8- FAQ

Torbet Official: https://torbet.bet/

Tor Bet Project WebSite: https://torbet.casino

Telegram: https://t.me/torbetglobal

TorBet video footage: https://www.youtube.com/watch?v=Xu2Fd3DcQBg

Note: You can only place bets and lotteries on the TorBet website with Tor Token. The system will be actively running after the pre-sale.

Introduction

TOR BET is a pioneering web3 project that opens the door to betting on its own platform with its own cryptocurrency for the first time in the world.

TOR BET is a transparent betting platform created for decentralized betting in the gambling sector. Users place bets on the Tor Bet platform using the Tor token.

The online betting industry continues to grow day by day around the world. In

2022, the registered global market size reached (legal sportsbooks handled) $93 billion. It is expected

that this number will reach $182 billion by 2030.

TOR BET is a platform created to revolutionize the global betting industry, introducing innovations and aiming to claim a share in the betting sector with tor token.

Tor Bet Introduction

The tor bet project, which we started developing in March 2023, is web3 based and uses blockchain technology. As a first in the world, the TORBET platform allows users to bet and participate in sweepstakes with its own cryptocurrency, tor token. Users only need to connect their metamask wallets to the TORBET website and bet anonymously with tor tokens in their wallets. We continue to work on integration with Trust wallet and other wallets on our website.

The Tor Bet platform includes many betting games such as football, basketball handball and handball, as well as live bets, and also has a betting feature with lottery and NFTs. It is planned to include casino games in the Tor Bet Platform towards the end of 2024. Version 1 of the TORBET platform has been completed.

Features of the TOR BET platform ready for use for version 1: Football betting, Lottery, Referral system, connecting to tor bet with meta mask wallet. These features are currently operational.

With the launch of Pinksale, our investors and users can bet with tor tokens and participate in raffles. Users can also earn tor tokens through our referral system. Influencers and community leaders can get a chance to earn 10% tor tokens by sharing their own torbet referral links.

What features will be in TOR BET Version 02?


We have two important updates and developments as TORBET Version 2 and TORBET Version 3.

The main features that will come with TORBET Version 2 are as follows:

Live betting: We want to give betting lovers a more exciting betting experience with the ability to bet live.

Increasing betting options: In our currently active betting system, there are 5 betting options for a match. We will include new options such as mutual goals, which half has the most goals.

Integration of new crypto wallets: TORBET Platform is currently integrated with metamask wallet. In our version 2 update, we will also support Trustwallet, coinbase and ledger wallets.


What is betting with TORBET?


TORBET betting platform has a much more advanced structure than traditional betting sites. Many users are faced with the situation of giving private information such as credit card information, credentials to central betting sites where they bet. Freezing of their accounts on illegal betting sites can encounter many problems such as not getting their money back.


TORBET platform, on the other hand, thanks to its decentralised structure and blockchain technology, paves the way for safe betting by eliminating the central structure wherever you are in the world. Thanks to the decentralised structure of TORBET, users bet anonymously. In addition to users betting anonymously, all bets (data) made thanks to TORBET's use of blockchain technology are digitally encrypted. Thus, it provides a transparent and fair betting experience compared to centralised betting sites. Thanks to the TORBET platform, users experience an anonymous and transparent betting experience without being connected to any central authority.

What is the logic of Tor bet lottery?


Let's explain the TORBET lottery logic with an example.

The first user buys 1000 coupons with a tor token worth 1000 dollars. The second user buys 500 coupons worth 500 dollars, the third user buys 300 coupons worth 300 dollars and the fourth user buys 200 coupons worth 200 dollars. According to the table, a total of 2000 coupons were purchased. The user who buys 1000 coupons has a chance to win 1000 in 2000. The user who buys $200 vouchers has 200 chances to win in 2000.

When the draw is made, the First Winning user wins 80% of the tokens in the pool. The second user wins 10% and the third user wins 5% tokens. The remaining 5% of the tokens will go to the TorBet platform and will be used for the development of the Tor bet platform.

What is the Tor Bet Referral System?



When you connect to the Tor Bet platform with your wallet, there is a uniq referral link that belongs only to you. When you give this referral link to another user. When the user you have given the link to click on this link and connect to the tor bet website, you will earn tor tokens up to 10% of the first bet amount that this user will make.

For example, you gave your tor bet referral link to 30 users. These users made a total of $5000 worth of bets. 500 dollars worth of tor tokens are automatically sent to your wallet.

The more people you distribute referral links to, the more tor tokens you earn. Thanks to the referral system, the Tor Bet platform gains new users. Thanks to the tor tokens purchased by new users, the tor token value increases and the number of torbet platform users increases.


What is TORBET Partnership?



At Tor Bet, we’re on a mission to take Tor Token beyond our platform and into the global betting arena, alongside the USDB stable token. We recognize that many global websites aren’t yet part of the web3 ecosystem, and we’re committed to bridging this gap by developing an essential feature – AUTH.


1. AUTH Feature: Bridging Web3 and Traditional Betting Sites



We understand that most global betting sites don’t operate on web3 platforms. To enable seamless integration and empower these websites to function like web3 platforms, we’ve been hard at work on our AUTH feature. This innovative addition allows non-web3 betting sites to easily facilitate bets using Tor Token.


2. How AUTH Works



Betting websites interested in utilizing Tor Token for bets can apply through the Tor official website. Upon approval, we will provide them with a unique key for integration. This key, combined with a postback URL from their end, enables a smooth and secure integration with the TOR platform, allowing users to bet with Tor Token effortlessly.



3. Empowering Partners and Anonymity

Through the Tor Partnership feature, we aim to not only expand Tor Token’s user base but also empower partner betting sites. These sites can offer a broader range of betting options to customers who value anonymity.

4. Revenue Sharing

Betting sites using Tor Token will only have 1% of their earnings deducted as a commission by Tor Bet. The remaining 99% will be transferred to the wallet address specified by the betting site within our system. This fair and transparent revenue-sharing model ensures that our partners benefit directly from their Tor Token-based betting activities.


FAQ


What are the main features of Tor Bet platform?



Tor Bet is a cutting-edge platform that currently offers four main features. Firstly, it allows users to place sports bets using the Tor token in a decentralized and Web3 technology-supported environment. Secondly, it offers lottery draws, providing users with even more opportunities to win big. Thirdly, it enables users to place bets using NFTs, offering a unique and innovative way to bet. Finally, the platform allows for partnerships with global betting sites, enabling users to bet on those sites using the Tor token. With these features, Tor Bet is at the forefront of the blockchain betting industry, providing a secure and innovative platform for users to engage in exciting betting experiences.



What is decentralized betting? Why is Torbet important?



Decentralized betting, unlike traditional platforms, operates without a central intermediary, utilizing blockchain technology and smart contracts. Tor Bet project embraces this concept, offering users a transparent, fair, and secure betting environment.



Tor Bet is a decentralized betting platform that leverages these advantages. It functions through smart contracts, allowing automatic execution of agreements among bettors without the need for a central authority. This minimizes risks of fraud and manipulation, providing users full control.



The significance of Tor Bet lies in the transparency, fairness, and security inherent to decentralized betting. Traditional platforms often determine outcomes and winners at the discretion of the platform owner or intermediary. In contrast, decentralized platforms use smart contracts to transparently manage this process, ensuring bettors' trust in results.



By embracing the benefits of decentralized betting, Tor Bet aims to offer a more equitable and secure betting experience. This approach empowers users to control their assets while reflecting the potential for the platform to introduce innovations to the betting industry through its future developments and adopted technologies.


Why are there 2 different tokens on the platform?



The value of unstable tokens in the crypto market can fluctuate greatly. To mitigate this risk for our users, we have implemented a system where users can trade their Tor Tokens for USDB stable tokens when placing their bets. This allows them to participate in the betting without being affected by any fluctuations in the value of Tor Tokens. For instance, if a user places a bet with 10 USDB stable tokens today, they will receive the same value and odds regardless of any changes in the Tor Token's value in the following days.


What is the working mechanism of Tor Token?



Users connect to the platform with a wallet such as Metamask or Trust Wallet. They give Tor tokens to the platform and receive USDB tokens in return. In the background, the system uses the Tor tokens received from the user to purchase USDT Tether. This way, the Tor tokens received from the user are reserved with Tether by the platform. For example, if a user gives Tor tokens to the platform worth 10 USDT, the platform gives the user 10 USDB and the system swaps the Tor tokens received from the user with 10 USDT. This allows users to make bets on the platform without being affected by the fluctuations of Tor tokens.



Tor Bet Partnership: What is it and How Does it Work?



Our goal with Tor token is to enable its use not only on the Tor Bet platform but also on global betting websites by partnering with them. We understand that most global websites aren’t on web3 platforms. To make them compatible with us and behave like a web3 platform, we’re developing an AUTH feature. This AUTH feature will allow non-web3 betting sites to easily accept bets with Tor tokens. Betting websites interested in using Tor tokens can apply through the Tor official website. After the application, we will provide a key for their existing websites and enable them to integrate seamlessly with the TOR platform using a postback URL.


With the Tor partnership feature, we aim to expand the reach of Tor tokens to a wider audience. Partnered betting sites will be able to offer betting opportunities to a broader audience, especially those looking for anonymity.


For betting sites using Tor tokens, 1% of the revenue generated will be deducted as a commission by Tor Bet, and the remaining 99% will be transferred to the wallet address specified by the betting site in the system.