Post
Topic
Board Gambling
Re: DeFight.io - Decentralized Sportsbook - Create, Promote, Get Paid. - No KYC!
by
mlotis
on 10/11/2019, 20:45:08 UTC
How much more these individuals can scam us! It is a scam. Try it! My friend.
Um, do you have any proof that this website is scamming people? Perhaps you are right, I don't deny it, but to me, it sounds like an interesting idea the op offers. Moreover, it seems that the financial operations are performed via smart contracts, so it might be that it's not even possible for the owner to scam people. Although what seems suspicious to me is that it's unclear what's the profitable part for the website's owner. I mean, people can bet on events or offer their own events and get the percentage of the pot. What about the website? What are the fees it takes or something?

There is a 5% fee on all events, the site takes fees on 2% of each event and the event creator gets 3%, unless the collateral used is BXY token (Beaxy.com), then the event creator takes all 5%. All actions are done via smart contracts and a 3rd party sports API to populate the event names and images. The only intervention allowed is disputes, which will be settled by the site admin if any of them arise.

I'd recommend looking into the site FAQ as most of the questions asked here are there (https://app.defight.io/#/faq)
Is there any way they can lower rates a bit? It is only a suggestion, to make people more attractive, when he is the creator of the event, there is an incentive, but seeing it from the player's point of view is a bit strong. Have you considered thinking about implementing Lightning Network to the platform to include payments with BTC? Many players prefer to use BTC.

The incentive goes to the event creators because they do the leg work to promote the events, if anything, I would probably increase the percentage that goes to them since without event creators no events would get created. The inevitable payout of winning is the incentive for players, they don't need to do anything but buy in. Regarding Bitcoin, it's not possible, as this is 100% decentralized platform running on the Ethereum network, we have no back-end to create BTC deposit addresses or even hold Bitcoin. The site is non-custodial, meaning the site never holds your funds. Each event is a unique smart contract and smart contract holds the funds for each event.