Ecoer Logo

@wagerr

39

Revolutionary Blockchain Sports Betting Network

steemit.com/@wagerr
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS74.87%
Net Worth
2.493USD
STEEM
0.003STEEM
SBD
4.985SBD
Effective Power
5.001SP
├── Own SP
0.630SP
└── Incoming Deleg
+4.371SP

Detailed Balance

STEEM
balance
0.003STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.630SP
Delegated Out
0.000SP
Delegation In
4.371SP
Effective Power
5.001SP
Reward SP (pending)
1.642SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
4.985SBD
{
  "balance": "0.003 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "1025.291147 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7118.368659 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "4.985 SBD",
  "conversions": []
}

Account Info

namewagerr
id504545
rank456,034
reputation33700625441
created2017-12-18T05:14:42
recovery_accountsteem
proxyNone
post_count4
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2018-01-12T08:02:18
last_root_post2018-01-12T08:02:18
last_vote_time2018-01-12T10:12:30
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.003 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares1025.291147 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares7118.368659 VESTS
reward_vesting_balance3365.471364 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update2017-12-18T05:23:24
minedNo
sbd_seconds2,582,010
sbd_last_interest_payment2017-12-19T15:43:18
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 504545,
  "name": "wagerr",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM75jzgDrngpNzTxtXyc3ZW64dEz81ZNsNqecsyEAmm6dcVNPv2C",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM7Y14Q2wisKVGSetyF688pqCS7ucxPgEGgm6HpkhWC73jLsA2BC",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8XD3w9a2htvKL6ZJuDg9whsjQwUdJiRKVqpCE6anXzEam2WsCq",
        1
      ]
    ]
  },
  "memo_key": "STM75xyPnegG5YhRvaLxHB28qnVXzSwBiw2UXjzkbByAUa9ie7h53",
  "json_metadata": "{\"profile\":{\"profile_image\":\"https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmap4qGaTukp2qyQG3a3HZkM73xEKnUacstkQEN4GmRkSD\",\"cover_image\":\"https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/U5dtjWdyTdBjwiCKHWz77zzsMU5gt3R_1680x8400\",\"name\":\"Wagerr\",\"about\":\"Revolutionary Blockchain Sports Betting Network\",\"website\":\"http://www.wagerr.com\"}}",
  "posting_json_metadata": "{\"profile\":{\"profile_image\":\"https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmap4qGaTukp2qyQG3a3HZkM73xEKnUacstkQEN4GmRkSD\",\"cover_image\":\"https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/U5dtjWdyTdBjwiCKHWz77zzsMU5gt3R_1680x8400\",\"name\":\"Wagerr\",\"about\":\"Revolutionary Blockchain Sports Betting Network\",\"website\":\"http://www.wagerr.com\"}}",
  "proxy": "",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_account_update": "2017-12-18T05:23:24",
  "created": "2017-12-18T05:14:42",
  "mined": false,
  "recovery_account": "steem",
  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 4,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": "8143659806",
    "last_update_time": 1779091527
  },
  "downvote_manabar": {
    "current_mana": 2035914951,
    "last_update_time": 1779091527
  },
  "voting_power": 0,
  "balance": "0.003 STEEM",
  "savings_balance": "0.000 STEEM",
  "sbd_balance": "0.000 SBD",
  "sbd_seconds": "2582010",
  "sbd_seconds_last_update": "2017-12-19T18:49:39",
  "sbd_last_interest_payment": "2017-12-19T15:43:18",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_sbd_balance": "4.985 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "3365.471364 VESTS",
  "reward_vesting_steem": "1.642 STEEM",
  "vesting_shares": "1025.291147 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7118.368659 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "curation_rewards": 0,
  "posting_rewards": 3283,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2018-01-12T08:02:18",
  "last_root_post": "2018-01-12T08:02:18",
  "last_vote_time": "2018-01-12T10:12:30",
  "post_bandwidth": 0,
  "pending_claimed_accounts": 0,
  "vesting_balance": "0.000 STEEM",
  "reputation": "33700625441",
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 456034
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
steemdelegated 4.371 SP to @wagerr
2026/05/18 08:05:27
delegatorsteem
delegateewagerr
vesting shares7118.368659 VESTS
Transaction InfoBlock #106152814/Trx 26d243532217b021b45ade355750288b512feea1
View Raw JSON Data
{
  "trx_id": "26d243532217b021b45ade355750288b512feea1",
  "block": 106152814,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-18T08:05:27",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "7118.368659 VESTS"
    }
  ]
}
steemdelegated 2.706 SP to @wagerr
2026/05/13 11:40:27
delegatorsteem
delegateewagerr
vesting shares4406.158254 VESTS
Transaction InfoBlock #106013823/Trx b528654e3f3e00406442699e0aecf8c5656a2394
View Raw JSON Data
{
  "trx_id": "b528654e3f3e00406442699e0aecf8c5656a2394",
  "block": 106013823,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-13T11:40:27",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "4406.158254 VESTS"
    }
  ]
}
steemdelegated 4.379 SP to @wagerr
2026/04/26 07:14:42
delegatorsteem
delegateewagerr
vesting shares7130.884415 VESTS
Transaction InfoBlock #105520249/Trx ffccd60a94bbcccc9b7eaccd4461f3e18b79702d
View Raw JSON Data
{
  "trx_id": "ffccd60a94bbcccc9b7eaccd4461f3e18b79702d",
  "block": 105520249,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-04-26T07:14:42",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "7130.884415 VESTS"
    }
  ]
}
steemdelegated 2.731 SP to @wagerr
2026/01/24 04:52:36
delegatorsteem
delegateewagerr
vesting shares4447.705073 VESTS
Transaction InfoBlock #102877048/Trx be38467a0c7f4569ec670e2ea9aa0e0fbf005c91
View Raw JSON Data
{
  "trx_id": "be38467a0c7f4569ec670e2ea9aa0e0fbf005c91",
  "block": 102877048,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-01-24T04:52:36",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "4447.705073 VESTS"
    }
  ]
}
steemdelegated 2.832 SP to @wagerr
2024/12/18 00:01:21
delegatorsteem
delegateewagerr
vesting shares4611.924270 VESTS
Transaction InfoBlock #91323241/Trx 371b52d7927ebce056294fece8298a5b4a39ebc7
View Raw JSON Data
{
  "trx_id": "371b52d7927ebce056294fece8298a5b4a39ebc7",
  "block": 91323241,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-12-18T00:01:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "4611.924270 VESTS"
    }
  ]
}
steemdelegated 2.936 SP to @wagerr
2023/11/14 15:40:18
delegatorsteem
delegateewagerr
vesting shares4781.057802 VESTS
Transaction InfoBlock #79877336/Trx 3635400263a87b83eb624baea2bab61d5cb8c396
View Raw JSON Data
{
  "trx_id": "3635400263a87b83eb624baea2bab61d5cb8c396",
  "block": 79877336,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-11-14T15:40:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "4781.057802 VESTS"
    }
  ]
}
steemdelegated 4.740 SP to @wagerr
2023/09/22 12:31:18
delegatorsteem
delegateewagerr
vesting shares7717.966588 VESTS
Transaction InfoBlock #78365413/Trx 7079ee87c4f83e71e0fc533a9513a80903f3fbce
View Raw JSON Data
{
  "trx_id": "7079ee87c4f83e71e0fc533a9513a80903f3fbce",
  "block": 78365413,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-09-22T12:31:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "7717.966588 VESTS"
    }
  ]
}
steemdelegated 4.876 SP to @wagerr
2022/11/03 19:43:09
delegatorsteem
delegateewagerr
vesting shares7940.018026 VESTS
Transaction InfoBlock #69122836/Trx 283d6ff93f75e5a05ba1d059a8f45fd4f74123dc
View Raw JSON Data
{
  "trx_id": "283d6ff93f75e5a05ba1d059a8f45fd4f74123dc",
  "block": 69122836,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T19:43:09",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "7940.018026 VESTS"
    }
  ]
}
steemdelegated 5.011 SP to @wagerr
2022/01/18 00:44:36
delegatorsteem
delegateewagerr
vesting shares8160.125627 VESTS
Transaction InfoBlock #60825875/Trx 435caad88de01a75172eda8f0bf7c0cfedd7d636
View Raw JSON Data
{
  "trx_id": "435caad88de01a75172eda8f0bf7c0cfedd7d636",
  "block": 60825875,
  "trx_in_block": 20,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-01-18T00:44:36",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "8160.125627 VESTS"
    }
  ]
}
steemdelegated 5.124 SP to @wagerr
2021/06/14 07:50:54
delegatorsteem
delegateewagerr
vesting shares8344.319915 VESTS
Transaction InfoBlock #54616102/Trx b2e0e1ed17782ac7814b52c079937cbfb23f9ac9
View Raw JSON Data
{
  "trx_id": "b2e0e1ed17782ac7814b52c079937cbfb23f9ac9",
  "block": 54616102,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2021-06-14T07:50:54",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "8344.319915 VESTS"
    }
  ]
}
steemdelegated 5.239 SP to @wagerr
2020/12/11 18:01:24
delegatorsteem
delegateewagerr
vesting shares8531.741889 VESTS
Transaction InfoBlock #49363307/Trx dd885c3d646593b30e3c9f26a38951b7b3fa07a9
View Raw JSON Data
{
  "trx_id": "dd885c3d646593b30e3c9f26a38951b7b3fa07a9",
  "block": 49363307,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-11T18:01:24",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "8531.741889 VESTS"
    }
  ]
}
steemdelegated 1.174 SP to @wagerr
2020/12/06 11:36:33
delegatorsteem
delegateewagerr
vesting shares1912.543513 VESTS
Transaction InfoBlock #49214822/Trx 2d88d3b1d50709c66cead6039339577548a48191
View Raw JSON Data
{
  "trx_id": "2d88d3b1d50709c66cead6039339577548a48191",
  "block": 49214822,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-06T11:36:33",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "1912.543513 VESTS"
    }
  ]
}
steemdelegated 5.243 SP to @wagerr
2020/12/05 21:39:12
delegatorsteem
delegateewagerr
vesting shares8537.949743 VESTS
Transaction InfoBlock #49198392/Trx 408607d0836008958014ea8fc5f41a549ed736e7
View Raw JSON Data
{
  "trx_id": "408607d0836008958014ea8fc5f41a549ed736e7",
  "block": 49198392,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-05T21:39:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "8537.949743 VESTS"
    }
  ]
}
steemdelegated 1.179 SP to @wagerr
2020/11/03 05:57:42
delegatorsteem
delegateewagerr
vesting shares1920.017158 VESTS
Transaction InfoBlock #48274666/Trx cf5c5330157f673124178f43bca93cf029bcc208
View Raw JSON Data
{
  "trx_id": "cf5c5330157f673124178f43bca93cf029bcc208",
  "block": 48274666,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-11-03T05:57:42",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "1920.017158 VESTS"
    }
  ]
}
steemdelegated 5.368 SP to @wagerr
2020/05/09 12:41:15
delegatorsteem
delegateewagerr
vesting shares8740.755102 VESTS
Transaction InfoBlock #43225177/Trx 314712840289e9dc0a9c2402561d4b04787bf937
View Raw JSON Data
{
  "trx_id": "314712840289e9dc0a9c2402561d4b04787bf937",
  "block": 43225177,
  "trx_in_block": 15,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-09T12:41:15",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "8740.755102 VESTS"
    }
  ]
}
steemdelegated 1.200 SP to @wagerr
2020/05/08 17:20:00
delegatorsteem
delegateewagerr
vesting shares1953.311140 VESTS
Transaction InfoBlock #43202494/Trx 8e4ec35c4e100ad0a7c956afd4720ef93a22f112
View Raw JSON Data
{
  "trx_id": "8e4ec35c4e100ad0a7c956afd4720ef93a22f112",
  "block": 43202494,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T17:20:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}
steemdelegated 5.376 SP to @wagerr
2020/04/16 04:17:33
delegatorsteem
delegateewagerr
vesting shares8753.642550 VESTS
Transaction InfoBlock #42570313/Trx a45477a1e0b1299fac705cc89a43beb02fcaef09
View Raw JSON Data
{
  "trx_id": "a45477a1e0b1299fac705cc89a43beb02fcaef09",
  "block": 42570313,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-04-16T04:17:33",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "wagerr",
      "vesting_shares": "8753.642550 VESTS"
    }
  ]
}
2019/12/18 06:55:06
parent authorwagerr
parent permlinkwagerr-value-coupling-and-the-deflationary-economy
authorsteemitboard
permlinksteemitboard-notify-wagerr-20191218t065506000z
title
bodyCongratulations @wagerr! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@wagerr/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@wagerr) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=wagerr)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #39138143/Trx 28b44a02c1c985d1d23ecfa5094c14ae1ebbe415
View Raw JSON Data
{
  "trx_id": "28b44a02c1c985d1d23ecfa5094c14ae1ebbe415",
  "block": 39138143,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-12-18T06:55:06",
  "op": [
    "comment",
    {
      "parent_author": "wagerr",
      "parent_permlink": "wagerr-value-coupling-and-the-deflationary-economy",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-wagerr-20191218t065506000z",
      "title": "",
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steemdelegated 5.496 SP to @wagerr
2019/05/12 21:25:24
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2018/12/23 22:40:48
voterkevinzittlau
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2018/12/18 06:11:39
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parent permlinkwagerr-value-coupling-and-the-deflationary-economy
authorsteemitboard
permlinksteemitboard-notify-wagerr-20181218t061138000z
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bodyCongratulations @wagerr! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@wagerr/birthday1.png</td><td>1 Year on Steemit</td></tr></table> <sub>_[Click here to view your Board of Honor](https://steemitboard.com/@wagerr)_</sub> > Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
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2018/07/12 19:05:03
parent authorwagerr
parent permlinkoracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018
authoramitibikram
permlinkre-wagerr-oracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018-20180712t190501161z
title
bodySounds like a very interesting project. Being "the House" on a global betting platform. But what is the status of the project now?
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2018/07/12 19:02:42
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steemdelegated 5.618 SP to @wagerr
2018/05/17 03:40:03
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2018/05/08 14:01:39
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steemdelegated 18.124 SP to @wagerr
2018/05/06 06:35:03
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postresteemsent 0.001 STEEM to @wagerr- "Hi @wagerr! Follow this account for the chance to have your post resteemed! This bot randomly selects a follower's post every hour to be resteemed! Good luck!"
2018/03/01 23:13:42
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2018/02/04 20:43:30
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2018/02/03 12:23:54
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2018/02/03 12:22:30
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wagerrreceived 0.095 SBD, 0.029 SP author reward for @wagerr / wagerr-value-coupling-and-the-deflationary-economy
2018/01/19 08:02:18
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2018/01/13 02:47:57
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parent permlinkwagerr-value-coupling-and-the-deflationary-economy
authorcheetah
permlinkcheetah-re-wagerrwagerr-value-coupling-and-the-deflationary-economy
title
bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://medium.com/@WagerrSports/wagerr-value-coupling-and-the-deflationary-economy-144056c8075
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2018/01/13 02:47:27
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2018/01/12 16:04:39
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2018/01/12 10:12:30
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2018/01/12 10:12:24
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2018/01/12 09:54:36
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parent permlinkwagerr-value-coupling-and-the-deflationary-economy
authorvalderrama
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bodyLong time supporter here. Very curious to see how the platform will do! And I would love to know a bit more about MN setup.
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2018/01/12 09:53:45
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2018/01/12 08:20:24
parent authorwagerr
parent permlinkwagerr-value-coupling-and-the-deflationary-economy
authors3nk0ng
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bodyYou should check Fast Invest ICO http://bit.ly/2DiZlTt
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2018/01/12 08:20:12
parent authorwagerr
parent permlinkwagerr-value-coupling-and-the-deflationary-economy
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permlinkre-wagerr-wagerr-value-coupling-and-the-deflationary-economy-20180112t082009582z
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bodyYou should check Fast Invest ICO http://bit.ly/2DiZlTt ![](https://steemitimages.com/DQmcrDVufcuC7EUdXwoutkf5AzhTfi3UFfkHrmpUh3tv6jn/image.png)
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2018/01/12 08:15:21
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2018/01/12 08:10:51
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2018/01/12 08:10:36
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permlinkre-wagerr-wagerr-value-coupling-and-the-deflationary-economy-20180112t081035122z
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2018/01/12 08:02:18
voterwagerr
authorwagerr
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2018/01/12 08:02:18
parent author
parent permlinkblockchain
authorwagerr
permlinkwagerr-value-coupling-and-the-deflationary-economy
titleWagerr: Value Coupling and the Deflationary Economy
body![EEF90DF4-6863-489A-9950-C5F46F914509.jpeg](https://steemitimages.com/DQmU2u1HXdroat1C6Tnb5Ciq8ioXuor6RoPfesku49zrH5d/EEF90DF4-6863-489A-9950-C5F46F914509.jpeg) Wagerr is a revolutionary decentralized sportsbook, which brings trust-less sports betting to the entire world. Using a decentralized blockchain, Wagerr will elevate the sports betting industry, and usher in a new trust-less era of fairness, availability, and security. The Wagerr main and test networks will launch simultaneously on Jan 15th, 2018. ## Be The House You know how they say, “The House always wins?” That’s because bookkeepers bet on a sure thing: fees. Bettors win and lose, but steady fees provide a reliable income. As much as people may enjoy the thrill of betting, it sounds kind of nice to be the House, doesn’t it? Well, Wagerr allows everyone involved to win in two compounding ways. The most straightforward way to “be the house” is by operating an Oracle Masternode, a network component (or consensus agent) which earns half of Wagerr’s service fees for performing bookkeeping services. Oracle operators collect fees and systematically win, just like traditional bookkeepers. Read more about Wagerr’s Oracle Masternodes [here](https://steemit.com/blockchain/@wagerr/oracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018). Additionally, there is a second protocol which allows any member of the Wagerr economy to win, by means of simply holding Wagerr tokens in their wallets. This system is accomplished through a mechanism we call “value coupling” and the deflationary mechanism built into the ecosystem. Any solution to the problems of the sports betting industry must serve the interests of sports bettors and satisfy the needs of the contributors who maintain the security and functionality of the network. Such a solution must include mechanisms which stabalize the value of the network’s underlying token of exchange, whether adoption dramatically rises or falls. Wagerr combines complex technical designs with a circular economic model, which creates a deflationary, and self-regulating economy. Structural mechanisms balance Wagerr’s token value by dynamically adjusting its supply based on the current exchange rate and betting volume. This built in functionality ensures the value of the token is tied to the usage of the system. The mechanisms built into the Wagerr model will have a powerful and positive effect on its economy, as well as on the token’s long-term value. This results in an overwhelming value proposition available to all users. ## Value Coupling The term “value coupling” refers to a systematic linkage between the usage of the token, with the market value (price) of said token. In the case of Wagerr, value coupling refers specifically to the linkage between the betting volume over the network, and the price of the Wagerr token (WGR). The Wagerr blockchain achieves this linkage through the destruction of a portion of the betting fees. Simply put, the value of WGR token is systematically tied to the use of the sports betting blockchain. Wagerr charges a modest fee for betting services, just like traditional bookkeepers. But unlike mainstream bookkeepers, the Wagerr blockchain systematically destroys almost half of every fee. Since this reduces the coin supply, increased adoption of Wagerr as the sports betting blockchain of choice, gradually drives up market value. What's good for bettors is great for investors; it's a simple matter of supply and demand, determined by the rate of burning versus the rate of minting. The price of WGR dynamically affects the burn rate. High priced WGR means a declining burn rate and therefore, market stabilization. Meanwhile, low priced WGR means an accelerating burn rate, which mitigates inflation, and ensures price declines are temporary. Nearly half of all fees are systematically destroyed — and destroying fees diminishes coin supply. Again, it’s a matter of supply and demand: Given steady demand, free markets tend to respond to a dwindling supply with rising asset price. Holders of the asset will only sell it for the highest price the market will bear. This is illustrated below: ![A094DFC9-AE35-44E0-88A6-893B6FE05D1C.jpeg](https://steemitimages.com/DQmWvmpEWijTiGy5AJ8CpBNfxEjYGMEZgTY7hjDZrDL7rX5/A094DFC9-AE35-44E0-88A6-893B6FE05D1C.jpeg) The value coupling mechanism is extremely important in facilitating peerless direct chain betting. Peerless betting does not require a complimentary transaction to forge a bet contract. Any bettor can initiate a contract on chain, which the Wagerr network is programmed to pay out if the bettor wins. Peerless betting maximises flexibility for bettors. However, this risk must be balanced. The blockchain pays out winning bets which are confirmed thanks to Oracle Masternodes, by minting coins for the pay-out. This means the blockchain does accrue some risk of coin supply expansion through forging such contracts, but such risk is balanced by several factors. Losing bets systematically destroy coins, creating a balance over time. That’s because 48% of all betting fees are destroyed, tipping that balance in favor of net coin destruction from direct chain betting. In fact, because losing bets destroy more coins than winning bets generate coins on the network, an intrinsic advantage is created for all WGR holders in terms of coin supply. Specifically, on a losing bet of 100 WGR, 96.88 WGR would be destroyed; by contrast, on a winning bet of 100 WGR, only 94 WGR would be generated. This imbalance constitutes the house edge of approximately 3%. Through this value coupling mechanism, betting activity over the Wagerr network fuels supply destruction. This deflationary engine drives the value of WGR over time. Thanks to this powerful engine, anyone who holds WGR potentially benefits from Wagerr’s “house advantage” — meaning that the Wagerr token has great potential to rise in value. As a result of value coupling, betting volume drives WGR token value. The enormity of the existing sports betting industry suggests that when Wagerr’s disruptive technology succeeds in securing only a fraction of the sports betting market share, the betting volume would be enough to drive a deflationary economy, one in which the rate of coin destruction exceeds the rate of coin generation. Watch our small presentation about value coupling [here](https://www.youtube.com/watch?v=-gttA9o7s4k). ## Deflationary Economy In the Wagerr system, when price declines, deflation accelerates and corrects the price. Following is a brief break down: Since bettors tend to bet consistent amounts in their local fiat currency (e.g., USD or Euros), when the price of WGR declines, the local currency buys more WGR. So, the user who usually bets $100 USD gets more WGR for $100, and the service fee — a percentage of the bet — is also a proportionally larger number of WGR coins. Since about half of that fee is burned, even more WGR are being destroyed when the price of WGR is depressed. This built-in adjustment is like a self-correcting mechanism for the economy, and it allows WGR to function as a consistent store of value, **not** merely a token of *transient* or *speculative* value. The Wagerr network reduces the risk to value ratio and protects holders of the WGR tokens by linking betting volume to coin supply. This value coupling, between usage and supply, creates a built in deflationary mechanism which destroys 48% of the fee from every bet. With fees of 2%-6%, the net result is nearly 1%-3% of every bet permanently removed from the network. For example, if price falls dramatically, significantly more outstanding supply is destroyed with every bet, because bets now require more WGR. Conversely, if the price rises drastically, significantly less supply is destroyed. Over time, this leads to less market volatility and an asset value which more accurately reflects both adoption and usage. Wagerr’s systematic destruction of fees thus creates supply scarcity over time. As the average volume of betting activity over the Wagerr network rises, the value of WGR rises alongside it, enabling all investors to participate in its continuous growth potential by simply holding WGR tokens. At any point in time, the price of WGR combined with the volume of bets, defines how much deflation takes place on the Wagerr blockchain. See for yourself how these three variables determine a specific output with the calculator [here](https://wagerr.com/economics). One example is shown below: ![155DA02F-6E7D-4AB6-8E79-537DD2002A97.jpeg](https://steemitimages.com/DQmf56NiWfbZAVSVnFmEfYbLQGKUsGJ4K6BUQLThBKCGtQ4/155DA02F-6E7D-4AB6-8E79-537DD2002A97.jpeg) Wager is designed to be more than a blockchain, it is designed to be a responsive and price linked economy. For users to feel safe holding the token, and to bet with it, they need to have confidence in the value backing the token. In Wagerr’s case, the method of ensuring that the value grows over time is by creating a deflationary economy. This allows a bettor the potential to ‘win’ just by holding their bankroll, or a portion of it, in WGR. For recreational bettors who see a loss over time caused by the house edge, this has the potential to offset such loss and create an environment where a player can bet for fun, lose marginally over time, but have the loss counteracted. You don’t have to be a bettor, an investor, a trader, or even an Oracle Masternode operator, for a high probability chance to win by obtaining and holding WGR. Wagerr is optimized for growth. The mechanisms for controlled scarcity of the token supply, mean that as Wagerr adoption rises, systematic destruction of fees puts upward pressure on the price of the token. Those who hold WGR, and operate a standard staking wallet, will accrue newly minted WGR in exchange of securing the network. As a result, it is much safer to hold WGR over the long term, because even if the price goes down, there’s protection for the holder. The deflationary engine makes WGR a great store of value. The Wagerr team didn’t set out to make a “currency”. Instead, we have engineered an economy. The key to the model’s design has been the structuring of incentives to reward and maintain behaviors which add value to the Wagerr network, and devising subsystems which translate the Wagerr network value to the WGR tokens value. As long as a modest fraction of the trillion-dollar sports betting industry adopts the Wagerr network for betting, the value of the central token, WGR, will systematically be sustained in a relatively stable growth trajectory with dynamically moderated volatility. Feel free to get in touch with us via any of our official social media outlets mentioned below. * Website: https://www.wagerr.com/ * Twitter: https://twitter.com/wagerrx * Facebook: http://www.facebook.com/Wagerr * Discord: https://discord.gg/a9XRG43 * Telegram: https://t.me/wagerrcoin * Medium: https://medium.com/@WagerrSports * BitcoinTalk: https://bitcointalk.org/index.php?topic=1911583.0 * SteemIt: https://steemit.com/@wagerr * Reddit: https://www.reddit.com/r/Wagerr/ * Whitepaper: https://wagerr.com/wagerr_whitepaper_v1.pdf
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Transaction InfoBlock #18907605/Trx c2b90c919718c97fa348a35dcf3c72287819fe52
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      "parent_permlink": "blockchain",
      "author": "wagerr",
      "permlink": "wagerr-value-coupling-and-the-deflationary-economy",
      "title": "Wagerr: Value Coupling and the Deflationary Economy",
      "body": "![EEF90DF4-6863-489A-9950-C5F46F914509.jpeg](https://steemitimages.com/DQmU2u1HXdroat1C6Tnb5Ciq8ioXuor6RoPfesku49zrH5d/EEF90DF4-6863-489A-9950-C5F46F914509.jpeg)\n\nWagerr is a revolutionary decentralized sportsbook, which brings trust-less sports betting to the entire world. Using a decentralized blockchain, Wagerr will elevate the sports betting industry, and usher in a new trust-less era of fairness, availability, and security. The Wagerr main and test networks will launch simultaneously on Jan 15th, 2018.\n\n## Be The House\n\nYou know how they say, “The House always wins?” That’s because bookkeepers bet on a sure thing: fees. Bettors win and lose, but steady fees provide a reliable income. As much as people may enjoy the thrill of betting, it sounds kind of nice to be the House, doesn’t it? Well, Wagerr allows everyone involved to win in two compounding ways.\n\nThe most straightforward way to “be the house” is by operating an Oracle Masternode, a network component (or consensus agent) which earns half of Wagerr’s service fees for performing bookkeeping services. Oracle operators collect fees and systematically win, just like traditional bookkeepers. Read more about Wagerr’s Oracle Masternodes [here](https://steemit.com/blockchain/@wagerr/oracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018).\n\nAdditionally, there is a second protocol which allows any member of the Wagerr economy to win, by means of simply holding Wagerr tokens in their wallets. This system is accomplished through a mechanism we call “value coupling” and the deflationary mechanism built into the ecosystem.\n\nAny solution to the problems of the sports betting industry must serve the interests of sports bettors and satisfy the needs of the contributors who maintain the security and functionality of the network. Such a solution must include mechanisms which stabalize the value of the network’s underlying token of exchange, whether adoption dramatically rises or falls. \n\nWagerr combines complex technical designs with a circular economic model, which creates a deflationary, and self-regulating economy. Structural mechanisms balance Wagerr’s token value by dynamically adjusting its supply based on the current exchange rate and betting volume. This built in functionality ensures the value of the token is tied to the usage of the system.\n\nThe mechanisms built into the Wagerr model will have a powerful and positive effect on its economy, as well as on the token’s long-term value. This results in an overwhelming value proposition available to all users. \n\n## Value Coupling\n\nThe term “value coupling” refers to a systematic linkage between the usage of the token, with the market value (price) of said token. In the case of Wagerr, value coupling refers specifically to the linkage between the betting volume over the network, and the price of the Wagerr token (WGR). The Wagerr blockchain achieves this linkage through the destruction of a portion of the betting fees. Simply put, the value of WGR token is systematically tied to the use of the sports betting blockchain.\n\nWagerr charges a modest fee for betting services, just like traditional bookkeepers. But unlike mainstream bookkeepers, the Wagerr blockchain systematically destroys almost half of every fee. Since this reduces the coin supply, increased adoption of Wagerr as the sports betting blockchain of choice, gradually drives up market value. What's good for bettors is great for investors; it's a simple matter of supply and demand, determined by the rate of burning versus the rate of minting. \n\nThe price of WGR dynamically affects the burn rate. High priced WGR means a declining burn rate and therefore, market stabilization. Meanwhile, low priced WGR means an accelerating burn rate, which mitigates inflation, and ensures price declines are temporary.\n\nNearly half of all fees are systematically destroyed — and destroying fees diminishes coin supply. Again, it’s a matter of supply and demand: Given steady demand, free markets tend to respond to a dwindling supply with rising asset price. Holders of the asset will only sell it for the highest price the market will bear. This is illustrated below:\n\n ![A094DFC9-AE35-44E0-88A6-893B6FE05D1C.jpeg](https://steemitimages.com/DQmWvmpEWijTiGy5AJ8CpBNfxEjYGMEZgTY7hjDZrDL7rX5/A094DFC9-AE35-44E0-88A6-893B6FE05D1C.jpeg)\n\nThe value coupling mechanism is extremely important in facilitating peerless direct chain betting. Peerless betting does not require a complimentary transaction to forge a bet contract. Any bettor can initiate a contract on chain, which the Wagerr network is programmed to pay out if the bettor wins. Peerless betting maximises flexibility for bettors. However, this risk must be balanced.\n\nThe blockchain pays out winning bets which are confirmed thanks to Oracle Masternodes, by minting coins for the pay-out. This means the blockchain does accrue some risk of coin supply expansion through forging such contracts, but such risk is balanced by several factors.\n\nLosing bets systematically destroy coins, creating a balance over time. That’s because 48% of all betting fees are destroyed, tipping that balance in favor of net coin destruction from direct chain betting.\n\nIn fact, because losing bets destroy more coins than winning bets generate coins on the network, an intrinsic advantage is created for all WGR holders in terms of coin supply. Specifically, on a losing bet of 100 WGR, 96.88 WGR would be destroyed; by contrast, on a winning bet of 100 WGR, only 94 WGR would be generated. This imbalance constitutes the house edge of approximately 3%.\n\nThrough this value coupling mechanism, betting activity over the Wagerr network fuels supply destruction. This deflationary engine drives the value of WGR over time. Thanks to this powerful engine, anyone who holds WGR potentially benefits from Wagerr’s “house advantage” — meaning that the Wagerr token has great potential to rise in value. \n\nAs a result of value coupling, betting volume drives WGR token value. The enormity of the existing sports betting industry suggests that when Wagerr’s disruptive technology succeeds in securing only a fraction of the sports betting market share, the betting volume would be enough to drive a deflationary economy, one in which the rate of coin destruction exceeds the rate of coin generation.\n\nWatch our small presentation about value coupling [here](https://www.youtube.com/watch?v=-gttA9o7s4k).\n\n## Deflationary Economy\n\nIn the Wagerr system, when price declines, deflation accelerates and corrects the price. Following is a brief break down:\n\nSince bettors tend to bet consistent amounts in their local fiat currency (e.g., USD or Euros), when the price of WGR declines, the local currency buys more WGR. So, the user who usually bets $100 USD gets more WGR for $100, and the service fee — a percentage of the bet — is also a proportionally larger number of WGR coins. Since about half of that fee is burned, even more WGR are being destroyed when the price of WGR is depressed. This built-in adjustment is like a self-correcting mechanism for the economy, and it allows WGR to function as a consistent store of value, **not** merely a token of *transient* or *speculative* value.\n\nThe Wagerr network reduces the risk to value ratio and protects holders of the WGR tokens by linking betting volume to coin supply. This value coupling, between usage and supply, creates a built in deflationary mechanism which destroys 48% of the fee from every bet. With fees of 2%-6%, the net result is nearly 1%-3% of every bet permanently removed from the network.\n\nFor example, if price falls dramatically, significantly more outstanding supply is destroyed with every bet, because bets now require more WGR. Conversely, if the price rises drastically, significantly less supply is destroyed. Over time, this leads to less market volatility and an asset value which more accurately reflects both adoption and usage.\n\nWagerr’s systematic destruction of fees thus creates supply scarcity over time. As the average volume of betting activity over the Wagerr network rises, the value of WGR rises alongside it, enabling all investors to participate in its continuous growth potential by simply holding WGR tokens.\n\nAt any point in time, the price of WGR combined with the volume of bets, defines how much deflation takes place on the Wagerr blockchain. See for yourself how these three variables determine a specific output with the calculator [here](https://wagerr.com/economics). One example is shown below:\n\n \n![155DA02F-6E7D-4AB6-8E79-537DD2002A97.jpeg](https://steemitimages.com/DQmf56NiWfbZAVSVnFmEfYbLQGKUsGJ4K6BUQLThBKCGtQ4/155DA02F-6E7D-4AB6-8E79-537DD2002A97.jpeg)\n\n\nWager is designed to be more than a blockchain, it is designed to be a responsive and price linked economy. For users to feel safe holding the token, and to bet with it, they need to have confidence in the value backing the token. In Wagerr’s case, the method of ensuring that the value grows over time is by creating a deflationary economy.\n\nThis allows a bettor the potential to ‘win’ just by holding their bankroll, or a portion of it, in WGR. For recreational bettors who see a loss over time caused by the house edge, this has the potential to offset such loss and create an environment where a player can bet for fun, lose marginally over time, but have the loss counteracted.\n\nYou don’t have to be a bettor, an investor, a trader, or even an Oracle Masternode operator, for a high probability chance to win by obtaining and holding WGR. Wagerr is optimized for growth. The mechanisms for controlled scarcity of the token supply, mean that as Wagerr adoption rises, systematic destruction of fees puts upward pressure on the price of the token. Those who hold WGR, and operate a standard staking wallet, will accrue newly minted WGR in exchange of securing the network. \n\nAs a result, it is much safer to hold WGR over the long term, because even if the price goes down, there’s protection for the holder. The deflationary engine makes WGR a great store of value.\n\nThe Wagerr team didn’t set out to make a “currency”. Instead, we have engineered an economy. 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2018/01/10 04:46:42
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2018/01/05 03:38:39
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2018/01/01 12:02:57
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2017/12/31 16:37:03
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2017/12/27 21:14:54
delegatorsteem
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2017/12/27 16:32:00
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2017/12/26 02:29:00
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2017/12/26 01:20:45
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2017/12/25 20:57:33
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2017/12/25 20:31:12
voteradriansky
authorwagerr
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2017/12/25 20:30:33
parent authorwagerr
parent permlinkoracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018
authoradriansky
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title
bodyYES CANT WAIT FOR THE LAUNCH!!!!!!!!!!!
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2017/12/25 16:01:42
parent authorwagerr
parent permlinkoracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018
authorlamario
permlinkre-wagerr-oracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018-20171225t160142779z
title
bodyI have my 25k wagerr ready to go! Super excited to be apart of this project from the beginnnig!
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2017/12/25 15:05:00
votersplice
authorwagerr
permlinkoracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018
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2017/12/25 14:51:39
parent authorwagerr
parent permlinkoracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018
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title
bodyI am so eager to run an Oracle masternode for you guys... long time supporter here ever since the ICO. But I'm afraid those 25k coins are way beyond my price level :(
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2017/12/25 14:50:24
votervalderrama
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2017/12/25 13:30:03
votermarkjackson1989
authorwagerr
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2017/12/25 13:29:48
parent authorwagerr
parent permlinkoracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018
authormarkjackson1989
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title
bodyprice will moon
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2017/12/25 12:31:36
voterfollowbtcnews
authorwagerr
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2017/12/25 12:30:03
votermarcrapf
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2017/12/25 12:02:57
voterwagerr
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2017/12/25 12:02:57
parent author
parent permlinkblockchain
authorwagerr
permlinkoracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018
titleOracle Masternodes on the Wagerr Network Could Become One of the Hottest Properties in Cryptocurrency in 2018
body![C6260B88-5292-4EA2-891F-CA8AE59D2BE8.jpeg](https://steemitimages.com/DQmbcodjLc2L26J3eDCXZ6sge9ke1vUbxxvcsyn35m2whwa/C6260B88-5292-4EA2-891F-CA8AE59D2BE8.jpeg) Wagerr is a revolutionary decentralized sportsbook that brings trust-less sports betting to the entire world. Using a decentralized blockchain, Wagerr will elevate the sports betting industry, and usher in a new trust-less era of fairness, availability and security. The Wagerr main and test networks will launch concurrently on Jan 15th, 2018. # What is an Oracle Masternode? Typical cryptocurrency masternodes are nodes running the same wallet software on the same blockchain to provide extra services to the network, usually fulfilling the roles of transaction verification and governance. A Wagerr Oracle Masternode fulfils these roles, and much more. Oracles act as consensus agents that retrieve real world sporting event data, and records the outcomes on the blockchain. This is then used by the network to determine winning bets. They also act as masternodes in that they exclusively forge betting smart contracts backed by their collateral. They form a strong second tier network backbone that efficiently processes bets and events. A strong second tier network ensures distributed consensus and reliable operation. Each betting type has its own unique type of transaction, and by having bets take place on the second tier of the network, this allows us to ensure scale when it comes to creating consensus for determining winners and losers. Oracles not only collect 50% of the betting fees for their work, but also win a portion of the fixed periodic block award. What’s more, the Wagerr tokens earned can increase in value as the Wagerr economy grows. Their status is so prestigious that the number of Oracle Masternodes is limited to only 2,000. This ensures fair compensation for their unique type of work. # What Does an Oracle Masternode Do and How Does it Function? Oracle Masternodes’ primary function is to regularly post new upcoming events in the sporting world so users can bet on their outcomes. Once events are finished, Oracles post the outcomes to allow for all bets to be resolved. Oracle Masternodes form a second layer of the Wagerr network and function as consensus agents, forging betting contracts, retrieving sporting events outcome data, and consensually validating results, which are able to execute contractual pay-outs. Wagerr is dependent on Oracle Masternodes to accurately report real match data, allowing for bets to be published and resolved correctly. There are multiple ways Oracle Masternodes can gather sports information. Regardless of the source, the information must be formatted correctly to ensure the publication reaches consensus with the rest of the network. **There are three ways to gather sports data:** - Sports betting APIs - Sports website scrapes - Manual entry To ensure not all Oracles are pulling data from the same source, Wagerr requires the Oracle to report its data source to the network, and if required the network can force a limit on each source. Event outcome is confirmed only after 75% of all Oracles achieve consensus on the results. Once the outcome is confirmed and published, the Wagerr network recognizes fulfilment of the contract, and the winning user is paid out accordingly. Activating an Oracle is the process by which an individual chooses to promote their node, engage in a 30-day contract of service, and become a consensus agent. This contract ensures that owners must maintain a level of service, and agree to lock collateralized tokens to a simple smart contract which initiates a timed release. **The requirements for running a Wagerr Oracle Masternode are as follows:** - 25k Wagerr tokens collateralised over a 30-day service contract - Uptime over 99% (measured weekly) - Retrieve and input sporting event outcomes data - A public IP address with a forced network port number - Bandwidth to accommodate the total number of API calls **Causes for demotion of a Wagerr Oracle Masternode are as follows:** - Network connectivity uptime (Less than a 99% weekly average) - Less than 50% participation on submission in all leagues - Results submission inaccuracy - Non-renewal of 30-day collateral contract When all 2,000 Oracle slots are filled, anyone wishing to operate an Oracle Masternode will have to join a queue, and will be awarded a slot as they become available, on a first come, first served basis. A visual representation of a typical bet on the Wagerr network is embedded below, along with steps detailing an Oracle’s function during each stage of the process. ![D8051188-A373-491A-AF67-317E6F6C428B.jpeg](https://steemitimages.com/DQmUS4bhMyA6jhufU1BPZgxjUBtxhhfov1fvDFdy7ybXY85/D8051188-A373-491A-AF67-317E6F6C428B.jpeg) Step 1 – Oracles actively searching for new events inside supported leagues, always trying to build consensus for upcoming events. Consensus for a new event requires a supermajority; From the 2000 possible Oracle Masternodes, 75% need to report the same event, defined by the event’s UTC time, and their unique identifying codes. Step 2 – Users can view published events, and place bets against existing bets, or set a new line and match amount (for a take or bet partner to fill). Once betting pairs are determined to be complementary, a smart contact can be created and initiated on the Wagerr blockchain. Step 3 – Now that a smart contract is initiated, half of the fees within that bet contract are distributed and burned. (48% destroyed, 2% to Wagerr development fund) The Oracle Masternodes create transactions dependent on the two opposing bets’ predicted outcome. Step 4 – After the event concludes, the network relies on supermajority consensus to determine the outcome of the event. This posting allows the contract to be signalled for resolution. Step 5 – Once the bet has been signalled for resolution, the winning bets are processed and paid out accordingly. Once the smart contract is resolved, the oracle who processes the bet receives their portion of the fee. # Why Would I Want an Oracle Masternode? Oracle Masternodes offer the most incentive to investors because they win ongoing staking awards, while also earning fees for forging betting contracts, and updating real life event outcomes on the blockchain. In the Wagerr system, the Oracle Masternode gives you the opportunity to be the house. The system of rewards incentivises Oracle’s crucial role as consensus agents, retrieving and consensually validating sporting event outcomes, arguably the most crucial role on a sports betting blockchain. Static block rewards incentivise node operators to hold Wagerr tokens and operate wallets with 24/7 connectivity. Failure to consistently retrieve and post data that aligns with the consensus results in deactivation. Because the rewards for operating Oracle Masternodes are predictably far greater in the long run than liquidating them, investors will be loath to give up the residual income they generate. Masternode and staking rewards keep coins in active use in the network, and keeps their holders from adding sell pressure to the market. If Wagerr can obtain just 1% of the $400 billion that is illegally wagered on sports in the United States alone each year, according to NBA commissioner Adam Silver, each Oracle Masternode would gain over $40,000 in fees each year (assuming a full masternode pool and 4% multi-user betting fee). # The Future Oracle Masternodes will become vehicles of blockchain governance. Since no one has more invested in the wellbeing of the Wagerr network, Oracle operators will exercise governance through the distributed network of Oracle Masternodes. Once the distributed network is established and stable, the original Wagerr development team will fully relinquish control of the github and distribute the role of governance to the network. The Wagerr network achieves decentralized governance through a voting system in which each Oracle Masternode holds a vote. This second tier of the network extends the principles of proof of stake to the most heavily invested Oracle Masternodes which perform the essential functions of the sports betting blockchain. Types of governance required includes resolving pay-out disputes, managing the penalisation and demotion of underperforming nodes, and perhaps most importantly, voting. A decentralized voting mechanism within the Wagerr wallet allows network and protocol changes to be proposed. Voting will also allow proposals for future features or functions to be added to the ecosystem. Oracles will even be able to propose and vote on major fixes or proposed economic changes like increasing the maximum Oracle count, fees’ structure and raising or lowering block rewards to name a few. From there, the Oracle Masternodes vote on the proposal. Each change or modification passed with two thirds majority Is deployed to the main network automatically. Oracle Masternodes will perform many pivotal roles for the Wagerr network. From providing fixtures and resulting, forging smart contracts and ensuring pay-outs, to voting on network and protocol changes and the evolution of the platform. They will be rewarded in kind, receiving not only block awards but 50% of all betting fees. At a limited number of 2,000 Oracle Masternodes, sharing 50% of the betting fees from the only truly global sportsbook in the world, you may be looking at one of the hottest properties in all of cryptocurrency in 2018 and in years to come. *Detailed information on how to set up and activate your Oracle Masternode will be available on launch of the main and test networks on Jan 15th, 2018.*
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      "permlink": "oracle-masternodes-on-the-wagerr-network-could-become-one-of-the-hottest-properties-in-cryptocurrency-in-2018",
      "title": "Oracle Masternodes on the Wagerr Network Could Become One of the Hottest Properties in Cryptocurrency in 2018",
      "body": "![C6260B88-5292-4EA2-891F-CA8AE59D2BE8.jpeg](https://steemitimages.com/DQmbcodjLc2L26J3eDCXZ6sge9ke1vUbxxvcsyn35m2whwa/C6260B88-5292-4EA2-891F-CA8AE59D2BE8.jpeg)\n\nWagerr is a revolutionary decentralized sportsbook that brings trust-less sports betting to the entire world. Using a decentralized blockchain, Wagerr will elevate the sports betting industry, and usher in a new trust-less era of fairness, availability and security. The Wagerr main and test networks will launch concurrently on Jan 15th, 2018.\n\n# What is an Oracle Masternode?\n\nTypical cryptocurrency masternodes are nodes running the same wallet software on the same blockchain to provide extra services to the network, usually fulfilling the roles of transaction verification and governance. \n\nA Wagerr Oracle Masternode fulfils these roles, and much more. Oracles act as consensus agents that retrieve real world sporting event data, and records the outcomes on the blockchain. This is then used by the network to determine winning bets. They also act as masternodes in that they exclusively forge betting smart contracts backed by their collateral. They form a strong second tier network backbone that efficiently processes bets and events.\n\nA strong second tier network ensures distributed consensus and reliable operation. Each betting type has its own unique type of transaction, and by having bets take place on the second tier of the network, this allows us to ensure scale when it comes to creating consensus for determining winners and losers.\n\nOracles not only collect 50% of the betting fees for their work, but also win a portion of the fixed periodic block award. What’s more, the Wagerr tokens earned can increase in value as the Wagerr economy grows. Their status is so prestigious that the number of Oracle Masternodes is limited to only 2,000. This ensures fair compensation for their unique type of work.\n\n# What Does an Oracle Masternode Do and How Does it Function?\n\nOracle Masternodes’ primary function is to regularly post new upcoming events in the sporting world so users can bet on their outcomes. Once events are finished, Oracles post the outcomes to allow for all bets to be resolved.\n\nOracle Masternodes form a second layer of the Wagerr network and function as consensus agents, forging betting contracts, retrieving sporting events outcome data, and consensually validating results, which are able to execute contractual pay-outs.\n\nWagerr is dependent on Oracle Masternodes to accurately report real match data, allowing for bets to be published and resolved correctly. There are multiple ways Oracle Masternodes can gather sports information. Regardless of the source, the information must be formatted correctly to ensure the publication reaches consensus with the rest of the network.\n\n**There are three ways to gather sports data:**\n-\tSports betting APIs\n-\tSports website scrapes\n-\tManual entry\n\nTo ensure not all Oracles are pulling data from the same source, Wagerr requires the Oracle to report its data source to the network, and if required the network can force a limit on each source.\n\nEvent outcome is confirmed only after 75% of all Oracles achieve consensus on the results. Once the outcome is confirmed and published, the Wagerr network recognizes fulfilment of the contract, and the winning user is paid out accordingly.\n\nActivating an Oracle is the process by which an individual chooses to promote their node, engage in a 30-day contract of service, and become a consensus agent. This contract ensures that owners must maintain a level of service, and agree to lock collateralized tokens to a simple smart contract which initiates a timed release.\n\n**The requirements for running a Wagerr Oracle Masternode are as follows:**\n-\t25k Wagerr tokens collateralised over a 30-day service contract\n-\tUptime over 99% (measured weekly)\n-\tRetrieve and input sporting event outcomes data\n-\tA public IP address with a forced network port number\n-\tBandwidth to accommodate the total number of API calls\n\n**Causes for demotion of a Wagerr Oracle Masternode are as follows:**\n-\tNetwork connectivity uptime (Less than a 99% weekly average)\n-\tLess than 50% participation on submission in all leagues\n-\tResults submission inaccuracy\n-\tNon-renewal of 30-day collateral contract\n\nWhen all 2,000 Oracle slots are filled, anyone wishing to operate an Oracle Masternode will have to join a queue, and will be awarded a slot as they become available, on a first come, first served basis.\n\nA visual representation of a typical bet on the Wagerr network is embedded below, along with steps detailing an Oracle’s function during each stage of the process. \n\n![D8051188-A373-491A-AF67-317E6F6C428B.jpeg](https://steemitimages.com/DQmUS4bhMyA6jhufU1BPZgxjUBtxhhfov1fvDFdy7ybXY85/D8051188-A373-491A-AF67-317E6F6C428B.jpeg)\n\nStep 1 – Oracles actively searching for new events inside supported leagues, always trying to build consensus for upcoming events. Consensus for a new event requires a supermajority; From the 2000 possible Oracle Masternodes, 75% need to report the same event, defined by the event’s UTC time, and their unique identifying codes.\n\nStep 2 – Users can view published events, and place bets against existing bets, or set a new line and match amount (for a take or bet partner to fill). Once betting pairs are determined to be complementary, a smart contact can be created and initiated on the Wagerr blockchain.\n\nStep 3 – Now that a smart contract is initiated, half of the fees within that bet contract are distributed and burned. (48% destroyed, 2% to Wagerr development fund) The Oracle Masternodes create transactions dependent on the two opposing bets’ predicted outcome.\n\nStep 4 – After the event concludes, the network relies on supermajority consensus to determine the outcome of the event. This posting allows the contract to be signalled for resolution.\n\nStep 5 – Once the bet has been signalled for resolution, the winning bets are processed and paid out accordingly. Once the smart contract is resolved, the oracle who processes the bet receives their portion of the fee.\n\n# Why Would I Want an Oracle Masternode?\n\nOracle Masternodes offer the most incentive to investors because they win ongoing staking awards, while also earning fees for forging betting contracts, and updating real life event outcomes on the blockchain. In the Wagerr system, the Oracle Masternode gives you the opportunity to be the house.\n\nThe system of rewards incentivises Oracle’s crucial role as consensus agents, retrieving and consensually validating sporting event outcomes, arguably the most crucial role on a sports betting blockchain. Static block rewards incentivise node operators to hold Wagerr tokens and operate wallets with 24/7 connectivity. Failure to consistently retrieve and post data that aligns with the consensus results in deactivation. \n\nBecause the rewards for operating Oracle Masternodes are predictably far greater in the long run than liquidating them, investors will be loath to give up the residual income they generate. Masternode and staking rewards keep coins in active use in the network, and keeps their holders from adding sell pressure to the market.\n\nIf Wagerr can obtain just 1% of the $400 billion that is illegally wagered on sports in the United States alone each year, according to NBA commissioner Adam Silver, each Oracle Masternode would gain over $40,000 in fees each year (assuming a full masternode pool and 4% multi-user betting fee).\n\n# The Future\n\nOracle Masternodes will become vehicles of blockchain governance. Since no one has more invested in the wellbeing of the Wagerr network, Oracle operators will exercise governance through the distributed network of Oracle Masternodes.\n\nOnce the distributed network is established and stable, the original Wagerr development team will fully relinquish control of the github and distribute the role of governance to the network. The Wagerr network achieves decentralized governance through a voting system in which each Oracle Masternode holds a vote. This second tier of the network extends the principles of proof of stake to the most heavily invested Oracle Masternodes which perform the essential functions of the sports betting blockchain.\n\nTypes of governance required includes resolving pay-out disputes, managing the penalisation and demotion of underperforming nodes, and perhaps most importantly, voting.\n\nA decentralized voting mechanism within the Wagerr wallet allows network and protocol changes to be proposed. Voting will also allow proposals for future features or functions to be added to the ecosystem. Oracles will even be able to propose and vote on major fixes or proposed economic changes like increasing the maximum Oracle count, fees’ structure and raising or lowering block rewards to name a few. From there, the Oracle Masternodes vote on the proposal. Each change or modification passed with two thirds majority Is deployed to the main network automatically.\n\nOracle Masternodes will perform many pivotal roles for the Wagerr network. From providing fixtures and resulting, forging smart contracts and ensuring pay-outs, to voting on network and protocol changes and the evolution of the platform. They will be rewarded in kind, receiving not only block awards but 50% of all betting fees. \n\nAt a limited number of 2,000 Oracle Masternodes, sharing 50% of the betting fees from the only truly global sportsbook in the world, you may be looking at one of the hottest properties in all of cryptocurrency in 2018 and in years to come.\n\n*Detailed information on how to set up and activate your Oracle Masternode will be available on launch of the main and test networks on Jan 15th, 2018.*",
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wagerrreceived 3.481 SBD, 1.414 SP author reward for @wagerr / sports-betting-could-bring-blockchain-tech-to-the-mainstream
2017/12/25 05:36:06
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2017/12/24 16:40:09
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2017/12/24 13:33:09
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2017/12/24 03:28:18
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2017/12/23 12:40:45
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2017/12/23 09:20:51
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2017/12/23 09:05:18
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2017/12/23 08:57:48
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2017/12/23 04:06:45
parent authorwagerr
parent permlinksports-betting-could-bring-blockchain-tech-to-the-mainstream
authormikeycolon
permlinkre-wagerr-sports-betting-could-bring-blockchain-tech-to-the-mainstream-20171223t040643670z
title
bodyVery good points indeed. I'm surprised as to the creativity as to what people are coming up with regarding the use of blockchains. You have my follow. https://media.giphy.com/media/3WY8qMF9l3ldK/giphy.gif
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      "permlink": "re-wagerr-sports-betting-could-bring-blockchain-tech-to-the-mainstream-20171223t040643670z",
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      "body": "Very good points indeed. I'm surprised as to the creativity as to what people are coming up with regarding the use of blockchains.\n\nYou have my follow. \n\nhttps://media.giphy.com/media/3WY8qMF9l3ldK/giphy.gif",
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No active witness votes.
[]