MMA / Бокс
Новости
24.07.2024
Welcome to VoteSport!
How the platform works, how to vote, what vts is used for, and what to do with them.
VoteSport.io is an innovative platform where you don’t just place bets, but become part of a global sports community. A community where each participant influences the formation of the market.
On our prediction platform, only users determine the odds for fights/matches, and the winners (who correctly predicted the result) take the tokens of the losers. You can read more about the project in the article .
VUSD account. Farming VTS tokens.
Each user receives 100 VUSD points upon registration and then every week . By participating in VUSD voting , users can earn VTS if they have a positive bank balance at the end of the month. By competing with each other, users who are the best at predicting tournament results get to the top of the PnL and IQ ratings and receive VTS as a prize . Read more about PnL and IQ ratings here .
At the end of the month, VTS from the bank are transferred to the connected MetaMask wallet as full-fledged VTS tokens in the blockchain network - Arbitrum * in a ratio of 1 to 1. Playing on VUSD, you can farm VTS tokens for free.
VTS-account. Prediction contest for $1000.
To vote in VTS account mode, you must have VTS tokens on Metamask.
VTS tokens can be obtained for free by participating in airdrop votes (see above) or by trading in the Uniswap pool .
Voting takes place via the Ethereum blockchain in the Arbitrum network using VTS tokens. The top performers in the rating at the end of the month will win prizes in the form of USDT .
On the PARI voting page (by default) each pair has basic information.
1. Timer (see image above)
Shows when the fight/match starts and the acceptance of votes is completed.
2. Volume
Displays the amount that all users have bet on this fight/match.
3. Coefficient
Based on the distribution of VTS points/tokens, an up-to-date\coefficient is created.
4. VTS percentage distribution
Additional demonstration of the percentage distribution of votes.
VoteSport is not a bookmaker and does not set odds, they are determined by users during voting/trading. Each user of the platform can influence the odds, which are calculated using a simple formula.
Where does the coefficient come from and how is it calculated?
1. Voting (mobile version in the example)
After choosing a "side", you enter the desired VTS amount in the "Voting" section. Even before your points/tokens are accepted, you can see:
a) how they will affect the overall odds;
b) winnings while maintaining the current odds.
2. History
Shows how the coefficient changed from the very beginning of the event creation, when the pot was empty and the coefficient was, respectively, 1.00 vs 1.00.
3. Events
Here you will find information about when, how much, who voted and for whom.
P1 - fighter on the left. P2 - fighter on the right.
In the example above, the total pot is 5833 VTS . Edwards has 67% of the user votes, or 3908 VTS , and Muhammad has 33% , or 1925 VTS . The percentages are converted to classic odds, in this case 1.50 vs 3.00 .
The simplest example: with an equal distribution of the bank, let's say the total number of votes is 200 VTS . Each fighter has 100 VTS (50% vs 50%), then the odds will be 2.00 vs 2.00 .
It is worth noting that you will never see bookmakers with odds of 2.00 vs 2.00, since all classic bookmakers include a margin (their commission) in the odds, which is 4-10% . That is why you often see odds of 1.90 vs 1.90 and similar, although the mathematically correct equality should be 2.00 vs 2.00. This commission "cuts" all the odds, and with equality its influence is easier to display.
Our platform takes its fixed percentage of winnings - 1% . At the same time, due to simple logic, the winners take the tokens of the losers, and there is no case when there is not enough for the "payment". The platform does not care at all who wins - it will receive its percentage of winnings in any direction, so it always remains neutral, only providing the necessary service. This solves all the accumulated problems of outdated betting models.
If you are an experienced player and want to use a more advanced voting mode, then you can use the LIVE market.
For more information about the LIVE voting mode, see the instructions
What is VTS?
*Arbitrum is a second-layer solution for the Ethereum network that allows developers to build decentralized applications with low transaction fees. Arbitrum helps solve *Ethereum's problems such as high gas costs and low performance.
*The VTS token is a unique digital asset that represents a certain value, operates on the blockchain and guarantees the company's obligations to its owner.
Why do I need vts tokens and what is their special feature?
VTS tokens will be issued in limited quantities (more details: VoteSport Tokenomics ).
Ethereum blockchain technology ensures security and transparency of transactions for all participants. Even we, as creators, will not be able to control users' tokens: block them, take them away or do something illegal, since we are subject to the general rules of Arbitrum*.
AirDrop (Airdrop) — distribution of tokens for activity on the platform. By participating in voting on VUSD , you farm VTS tokens . In our case, 1 to 1 with the bank in your personal account.
Tokens can also act as shares, and owners can receive a percentage of the platform’s commission, participate in bonus programs, and enjoy all the benefits of blockchain technology.
What are the conditions for participating in AirDrop?
To participate in the airdrop, you don't need any investments. All you need is to regularly vote and guess the results of the competitions better than others. That's all.
Every month, the VTS tokens accumulated in the bank are transferred to the MetaMask wallet connected in your personal account.
Article: VoteSport Tokenomics.
Article: Intro. Barefoot on Hot Coals.
Competition with Cash Prizes.
Connecting the MetaMask Wallet.
The article will be updated.