Introduction
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Decentralized Finance
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving on, the project I'm going to present you is Albertage (https://albetrage.com), an ingenious and intelligently planned prediction platform that offers only arbitrage betting options to bettors.
Definition
In more detail, Albertage (https://albetrage.org/index.html) is an anonymous betting platform for Arbers that offers bettors and individuals a blockchain based platform where they are able to bet on sports without the fear of losing, trying to distrubute the way gambling industries operate by putting the power in the hands of bettors.
Goals
Albertage's main goal is to disrupt the gambling industry using cryptocurrency and blockchain technology. Being an anonymous sports betting platform for arbers, it makes use of ATE Token (its own token), which is a community-driven decentralized cryptocurrency based on TRC-20 smart contract on the Tron blockchain to enable global access to its markets.
Features
Bounty program
The project gives the opportunity to earn ATE tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5322992.0), where you can access the link in order to see what are the conditions to become an early Albertage contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (Albertage_WP). You can also stay tuned in their official Telegram Channel (https://t.me/albetrage). I hope you liked the post and soon I'll send you new ones.
Token details
Symbol: ATE
Max supply: 5,000,000,000,000 ATE
Type: TRC-20
Network: TRON
Roadmap
Q4 2020
- Creation of Ate token
- Website launch
- Presence on social networks
Q1 2021
- Airdrops and rewards
- Translation campaign
- Social media campaign
Q2 2021
- Gamification platform (dice, casino, lottery, etc.)
- More airdrops
Q3 2021
- Private sale
- Listing on exchanges
- Betting campaign
- Launch of the Albetrage platform
- Advertising / marketing
- Search engines organic SEO and paid marketing
- More exchange listings
Q4 2021
- Migration to Albetrage blockchain
- Team expansion
- Full decentralization
- Mobile and desktop wallet
- More partnerships
- Venture capital fund
- More implementation of ideas
Social Media Links
Facebook: https://facebook.com/albetrage
Youtube: https://www.youtube.com/channel/UCQf_NyVTwzoqpnXG2NtIhfw
Twitter: https://twitter.com/albetragebet
Telegram: https://t.me/albetrage
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Author Details
Email: [email protected]
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Albertage username: adriaparcerisas
Bitcointalk Proof of Authentication link: #1076 (https://bitcointalk.org/index.php?topic=5322992.msg56704596#msg56704596)
