BATBET LITEPAPER
1. Introduction
The BatBet project is an innovative decentralized platform for esports betting, case opening, participation in lotteries, and trading in-game items via a P2P marketplace. We offer users a unique betting experience integrated with popular gaming ecosystems such as Steam, ensuring low fees, maximum security, and transparency using the Solana blockchain. The mission of our project is to create a safe, transparent, and inclusive platform where every user can not only place bets but also actively participate in the governance of the project through a DAO (Decentralized Autonomous Organization). We strive to create a community where users have a voice in decision-making and opportunities for earning valuable bonuses and rewards.
2. Problems with Current Platforms
There are several significant problems in the current betting and gaming market that our project aims to address:
High fees: Modern platforms for esports betting and trading in-game items often charge high fees, which reduces profitability for users and makes the exchange process inefficient.
Lack of transparency: On centralized platforms, it is difficult to verify how bets and payouts are processed, which leads to dissatisfaction among users.
Lack of innovative features: Many platforms do not offer features such as AI-based result prediction, P2P item trading, and gamified betting, which could make the betting process more engaging and profitable for users.
3. Solutions by BatBet
BatBet addresses the above-mentioned problems by offering the following innovative solutions:
Low fees: On our platform, bets, purchases, and sales of Steam items will occur with minimal fees, allowing users to save money.
Decentralized system: All operations on the platform are conducted via the Solana blockchain, ensuring transparency, security, and fast transactions.
Innovative mechanics: We offer unique opportunities such as an AI agent for match predictions, a P2P marketplace for trading in-game items, and NFTs for exclusive privileges. Cases with various Steam items.
4. Tokenomics
Total token supply: 1,000,000,000 (1 billion) tokens.
• Token Distribution:
20% (200,000,000 tokens) - NFT Genesis Mint: These tokens will be sold through the Genesis NFT mint, which will raise funds in the early stages of the project and create liquidity for users.
13% (130,000,000 tokens) - Rewards for Active Users: These tokens will be used to reward active platform users for their participation in bets, lotteries, case openings, and other activities.
15% (150,000,000 tokens) - Team: These tokens will be allocated to the project team, including developers, key participants, and partners. These tokens will be subject to a 4-year vesting period with a 1-year cliff.
17% (170,000,000 tokens) - Marketing: These tokens will be used for marketing activities, including advertising campaigns, collaborations with influencers, sponsorship deals with esports teams, and other initiatives aimed at attracting new users.
15% (150,000,000 tokens) - Liquidity: These tokens will be used to ensure platform liquidity, allowing users to exchange tokens for cryptocurrency and participate in betting and in-game activities.
10% (100,000,000 tokens) - Seed Round (early investors): These tokens will be offered to early investors who support the project at its launch. The terms of the Seed Round may include a short vesting period (e.g., 6 months).
5% (50,000,000 tokens) - Treasury (Reserve): These tokens will be kept in reserve to fund future development, manage risks, and cover unforeseen project expenses.
5% (50,000,000 tokens) - Research and Development: These tokens will be allocated to fund scientific research, innovative technologies, and other strategic initiatives aimed at improving and developing the platform.
5. Products and Services
We offer users not only traditional esports betting but also unique and innovative features that make the platform both engaging and profitable.
Esports Betting: Support for betting on the most popular games such as Dota 2, CS 2, League of Legends, Valorant, and others. Users can bet on match winners, exact scores, handicaps, and in-game events.
Case Opening: Users can open cases with a chance to win exclusive items, skins, and tokens.
P2P Marketplace: Trading Steam items using smart contracts for transaction security.
NFTs and Privileges: Exclusive NFTs that provide users with special benefits on the platform, such as reduced fees and enhanced chances of winning.
6. Betting Mechanics
• Bet Types:
- Bets on match winners
- Exact score bets
- Handicap betting
In-game event betting (e.g., first kill, tower destruction)
Gamification: Introduction of loot boxes, bonuses, and lotteries for users.
AI Agent: Match outcome predictions based on statistical analysis.
7. DAO and Decentralized Governance
We are implementing a DAO (Decentralized Autonomous Organization) to give users real influence on the project's development:
Voting: Token holders will be able to vote on changes to betting mechanics, platform functionality improvements, and the introduction of new game disciplines.
Transparency: All decisions will be made based on community voting, making the project open and inclusive.
8. Development Plans
Stage 1 (2025): Prototype and MVP launch
Stage 2 (2026): Feature development, integration with Steam, launch of the AI agent
Stage 3 (2026-2027): Scaling to new markets, attracting partners, and esports teams
9. Conclusion
The BatBet project is a unique platform for esports betting, offering innovative mechanics such as P2P trading, AI predictions, and NFTs for exclusive privileges. We aim to create a decentralized community where users can actively participate in project governance through the DAO and earn bonuses for participation.
BatBet is a safe, transparent, and engaging betting platform that addresses key issues with existing services and brings unique opportunities for players and investors.