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Home Ico Review Zensports.com Ico Review : Peer-to-Peer Sports Betting using Cryptocurrencies

Zensports.com Ico Review : Peer-to-Peer Sports Betting using Cryptocurrencies
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Forest4 Investments LTD

About Zensports.com

ZenSports is a peer-to-peer sports betting marketplace where anyone can create and accept sports bets with anyone else in the world, without the need for a centralized bookmaker.

ZenSports is eliminating bookmakers by using a completely decentralized approach to sports betting. ZenSports does not get involved in the making of bets, settling bet results, or handling disputes. Makers can create ANY type of sports bet that they want, with the ability to self-report betting results.

ZenSports Takers can accept any bets offered by makers, as well as dispute results that they don’t agree with. Disputes are resolved by a voting marketplace, with penalties being assessed to the Maker or Taker if they’re on the losing end of a dispute.

Basic Information

Token NameZenSports
Token Symbol===
Social MediaZensports.com Ico Review : Peer-to-Peer Sports Betting using Cryptocurrencies
Token total===
LanguageEnglish
Token sale===
Country
Unspecified
RestrictionNo Restriction
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

ZenSports  Uses 

Create 

Create your own bets on your terms that others accept. Anyone can “become a bookmaker” without having to obtain a gaming license.

Decentralized platform

Decentralized platform with smart contracts built on ICON’s protocol for a trust-less system that lets the marketplace settle bet results and disputes.

Full token

Full token economy using our SPORT token that streamlines account funding, bets, payments, penalties, and rewards.

Betting fees

Betting fees are redistributed to the marketplace based on SPORT token ownership percentage. Earn passive income on a monthly basis while you hold token!

How does ZenSports work

    1. Anyone can create any kind of sports bet that they want with their own odds, payout, and wager amount. Those bet creators are called Makers.
    1. Anyone that accepts a Maker’s bet is called a Taker. Takers can accept the entire bet from a Maker or just part of a bet if they want to wager less than what the Maker is offering.
    1. When the bet is over, the Maker submits the results of the bet outcome. To prevent a Maker from submitting false results, Makers have an escrow fee equivalent to 10% of their bet set aside in case of a dispute by the Taker.
    1. If the Taker disputes the Maker’s submitted results, they have an escrow fee equivalent to 5% of their bet aside (to prevent the Taker from submitting false disputes).
  1. If a dispute is submitted, it goes to the marketplace for a vote. The marketplace is incentivized to vote correctly because they will receive half of the losing party’s escrow amount if they vote along with the majority of voters. The prevailing party in the dispute receives a refund of their full escrow fee, along with half of the losing party’s escrow fee. All bet winnings are paid out accordingly.
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Product

Most cryptocurrency and blockchain projects only have a napkin idea for what they want their product to be. ZenSports actually has a bonafide iOS and Android app that you can download today to begin using (current version uses fiat – crypto and smart contract version coming soon).

Please note that our betting platform is only available outside the United States, Canada, and Europe while we work on licenses in those jurisdictions.

Accept any kind of sports bet imaginable from others in the world.

If you don’t feel like coming up with your own bets and terms, simply accept anyone else’s bet with just a couple taps of a button. With a very creative group of bettors out there, you’re bound to find bets being offered that traditional sports books don’t have!

Makers submit results; takers can submit disputes; marketplace can vote on disputes

ZenSports is a fully decentralized marketplace that lets the Makers of bets submit their own bet results. Takers of bets can dispute the Makers’ results, with the marketplace getting to vote on disputed results. This token economy incentivizes all parties to act in good faith.

Manage funds and transactions all in one place

Transfer ICX or SPORT tokens within minutes directly into or out of your ZenSports account. They also offer fiat payouts back to your credit card or even ACH bank transfers. They make it safe, fast, and simple to view and access your funds.

Earn Passive Income

As a decentralized marketplace, ZenSports remits 100% of its betting fees collected back to SPORT token holders. Betting fees are paid out once per month, and are paid out to SPORT token holders based on the percentage of SPORT that they own. So the more SPORT you own, the more passive income you’ll earn each month!
Team
Member

Mark Thomas Co-Founder & CEO

Etan Mizrahi-Shalom Co-Founder & CTO

Adil Sher Chief iOS Engineer

So Choi Frontend Engineer

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 11 Jan 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

Disclaimer:

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Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid Much Lossing Online.

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Vernahttps://coinworldstory.com
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 2100+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.
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