ALLIN is a community driven decentralized betting ecosystem where the token holders earn profits and have a say in governance.
Existing betting apps are centralized and designed to exploit players. ALLIN will have the best atmosphere and most wagering options but in a way that is more fair and gives the profits and governance to the token holders. By engaging the community, we can create a realistic plan to assist bettors with addiction issues and encourage a more knowledgeable and friendly environment. The ALLIN Betting DAO and ecosystem are built on 2 tokens: The ALLIN token and the ALLIN Stable token.
The ALLIN token is used within the betting ecosystem for bets, services, and NFTs. It is also the governance token and represents your share in operating profits. The ALLIN Stable token is pegged to fiat currency such as the US Dollar or Euro. You can use this token to make bets so that you separate your betting results from the volatility of the crypto markets. The ALLIN Stable token does not receive a share of operating profits and has no voting rights.
Blockchain technology allows us to provide two bet types that eliminate the middlemen and make betting more fair. They are Bet-vs-Chain (BvC) and Person-to-Person (P2P). With either bet type, every bet and transaction is recorded on the blockchain for transparency and auditability to make sure there is no foul play.
Bet-vs-Chain - You can place a bet similar to a sportsbook or casino but instead of betting the centralized house / bank you are betting against the treasury held on the blockchain. In this way, ALLIN token holders act as the owners of a decentralized house / bank.
Person-to-Person - You can place a bet controlling the subject, odds and terms through blockchain smart contracts and have another person accept that bet with no middleman.
Casino Games - You can play online casino and card games with trust and transparency that the outcomes are fair through the use of blockchain technology.
Sports Betting - You can place bets on your favorite teams and players in a variety of sports.
Pools - You can start a pool with friends/co-workers or join a pool with people from around the world in a variety of pool types across all sports and other subjects that use smart contracts to validate results. Some examples are survivor pools, bracket pools, pick’em tournaments, celebrity pools, etc.
Esports/Video Games - You can bet on professional esports teams or you can play someone in your favorite video game, card game or other games.
Sports Index NFTs/Tokens - It's the stock market for the sports world. Replace companies with players or teams. Trade team/player performance tokens that create an algorithmic score or rating based on many different factors (stats, salary, media/popularity, etc.) that is unique to a specific sport. These performance ratings generate dividends for token holders. It's a free and open market to trade these tokens where the price will be based on supply and demand.
Fantasy Sports - You can start a league with friends/co-workers or join a league with people from around the world in a variety of fantasy types across a variety of sports. Some examples are daily fantasy, season-long leagues, keeper leagues, playoff leagues, etc.
Prediction Markets - Place bets on pop culture and political events.
DeFi - We are exploring possibilities that will allow new ways to earn yield from your sports knowledge, including sports based liquidity pools.
ALLIN Betting DAO is community focused and community driven with principles of fairness, transparency, auditability and care.