โ๏ธ4.0 Criteria for a solution
Distributed, decentralized, trustless, stable, private Any solution to the problems of the status quo for the sports betting industry must serve the interests of sports bettors and also satisfy the needs of the contributors who maintain the security and functionality of the network. To this end, we believe that any solution must: โ Be fairly and widely distributed to speed up adoption and reduce market risk. โ Be fully decentralized to remove single points of failure and individual control. โ Function in a trustless manner, so one partyโs dishonesty does not jeopardize the fairness of the entire systemโs performance. โ Include mechanisms that stabilize the value of the networkโs underlying token of exchange, whether adoption dramatically rises or falls. โ Guarantee user privacy. Winc satisfies all the above requirements: โ Its ICO and the related marketing efforts draw interested investors and bettors. โ A fully open source codebase attracts diverse technical interest and allows for anyone to have say in its development and future. โ Rigidly programmed contract rules and subroutines enforce trustless operation of the network. โ The destruction of 48% of total contract fees ties betting activity to Wincโs market value and reduces volatility. โ And finally, no personal information is required or stored to usage Winc. The network is available from any internet connection and is not subject to regulatory oversight. Wincโs open network does not reinforce centralized identities, freeing participants from any stigma associated with sports betting.
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