Wagerr is a decentralized sportsbook built on blockchain technology. Due to its peer-to-peer structure Wagerr brings trustless sports betting to the whole world while avoiding single hacks, scams and server downtime. Wagerr is able to escrow user stakes, verify results and pay out winners automatically, eliminating the need for third party services which charge higher fees.
In Wagerr ets are executed through the use of Application Specific Smart Contracts (ASSC), while a network of Oracle Masternodes update game results and execute smart contracts to facilitate reliable betting and payouts and receive 50% of the bet's fee while doing so. 48% of the fees are destroyed, reducing the total supply of WGR while demand is created by users who buy WGR to gamble with. The current Wagerr token is a transitionary token issued on the Waves Platform. It's a provisionary token that can be exchanged freely on the Waves decentralized exchange before the Wagerr mainnet launches.