📀6.4 Value to investors
● Market share + value coupling = [burn rate > mint rate] = deflationary economy ● Rewards for contributions that increase and maintain Winc network value ○ Oracle Masternodes ■ Forge smart contract with multiphase transactions ● Phase 1: Initiate conditional contract ● Phase 2: Validated conditions trigger payouts ■ Retrieve and validate data ■ Collect, distribute, escrow, and burn fees ■ Be the house Because of value coupling, betting volume drives WINC token value. The enormity of the existing sports betting industry suggests that when the disruptive technology of Winc wins even 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. Investors have three key options for investing in WİNC. Buying and holding WINC, staking WINC in standard staking wallets, or acquiring enough WİNC to operate an Oracle Masternode. The last option, Oracle Masternodes, offer the most to investors because they win ongoing staking awards, and they also earn fees for forging betting contracts and updating real life event outcomes on the blockchain. While all who hold WİNC can benefit from the house advantage described under Peerless direct chain betting (Section 5.3), the Oracle Masternodes’ function is analogous to the house: 50% of fees players pay for betting services go directly to Oracle Masternodes Smart incentives Oracle Masternode rewards are strategically designed to promote behaviors that add value to the Winc network. To recap the rewards: Oracle Masternode operators win in three ways: ● Earn a percentage of block rewards (direct, static reward) ● Earn sports betting fees (direct usage-based reward) ● WİNC value improved by network ecodynamics (indirect, usage-based rewards) The system of rewards incentivizes Oracles’ crucial role as consensus agents, retrieving and consensually validating sporting event outcomes, a crucial role in the sports betting blockchain. Static block rewards incentivize node operators to hold WINC and operate wallets with 24/7 connectivity. Failure to consistently retrieve and post data that aligns with consensus results in deactivation. Because the rewards for operating Oracle Masternodes is 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 keeps coins in active use in the network, and keeps their holders from adding sell pressure to the market. Oracle Masternodes are also vehicles of blockchain governance. Since no one has more invested in the wellbeing of the Winc network that drive the value of the WINC token, Oracle operators exercise governance through the distributed network of Oracle Masternodes.
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