# 1.0 Abstract Winc is a decentralized sportsbook that brings trustless sportsbetting to the entire world. Due to its strict use of Application Specific Smart Contracts (ASSC) and 2nd layer network controlled by Oracle Masternodes, WINC solves the security, scaling and incentive issues that have plagued smart contracts since their inception. Additionally, WINC combines leaps in technical design with an economic linkage that creates a deflationary, and self regulating economy. Through decentralized governance and contract fees, structural mechanisms balance Winc's token value by dynamically adjusting supply based on the current exchange rate and betting volume within the Winc network. Winc does this all while avoiding single points of failure and implementing a network and system that is fully decentralized --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://winc-whitepaper.gitbook.io/winc-whitepaper-1/1.0-abstract.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.