About EtherSport Platform
Tags: Sports, Smart Contracts, Blockchain, Sports Betting, Ethereum

The uniqueness of the project lies in the fact that the ETHERSPORT lottery (www.ethersport.io) includes the determination of the results of sporting events, which cannot be influenced. Including the organizers. The main difference from traditional lotteries and bookmaking is that EtherSport is a decentralized system in which the processes of relations between users-forecasters and organizers are regulated exclusively by miners who confirm the integrity of information and transactions of smart contracts occurring in the blockchain.

The work of the platform is based on the Ethereum blockchain technology and smart contracts, which makes it possible to bring the Ethersport lottery as close as possible to bookmaking, as in bookmaking, providing users with an unlimited number of tickets with sports events taking place in the world every day. At the same time, there is no influence of the organizers on the payments of winnings, prize money and Jackpot. Ethersport solves the problem of trust between network participants. Smart contracts (smart contracts) in the Ethersport protocol eliminate the shortcomings of classic lotteries and betting organizations in relation to forecasters-users, such as:

1. MANDATORY DEPOSIT TO THE COMPANY’S ACCOUNT TO START THE GAME. WHICH IN THE FACT IS А LENDING OF THE ORGANIZERS.

2. PROHIBITED ACCESS TO THE ORGANIZERS TO THE ACCUMULATED AMOUNTS OF PRIZE, PAYMENT OF WINNINGS AND JACKPOT.

3. SMART CONTRACTS OPERATE IN AUTOMATIC MODE ACCORDING TO THE «CODE IS A LOW» PRINCIPLE. They are essentially an escrow-element inside the network. All betting information is stored on the Ethereum blockchain, which makes the reward system 100% clear.

Thanks to the latest technologies on which the platform is developed and operates, users-players do not depend on the subjective rules and desires, prescribed by the organizers and arising in the course of the work of traditional lotteries and bookmaker companies, quite often with the aim of delaying or not paying out winnings at all. Namely —

Not payment of winnings, prize money, jackpot, using often fictitious reasons, by the organizers. (thisisgambling.com) Payment of winnings in installments, with deferred payments that occur for a long time. Requirements from the organizers, the provision of all kinds of documents by the players, without which the payment of winnings is not carried out, despite the registration already passed and the provision of the same documents by the users-forecasters earlier. Players-users of the EtherSport platform have complete information on the accumulation of prize money, payout of winnings and jackpot, which they can check and calculate at any time, unlike traditional platforms, where information about winnings, jackpot is provided to players only in the form of amounts published by the organizers lotteries. The player-user cannot actually verify the reliability of these amounts.

Of course, for such openness, honesty and complete independence from manipulation and arbitrariness of the organizers, user-players have to pay some commission to the blockchain and miners. Since miners practically work for user-players. And often this commission is significant, relative to the cost of the ticket itself and in the future rates. Often, even more than the price that EtherSport charges for a ticket and the amounts that come from the ticket price for the prize pool of the raffles. But we repeat, THIS IS THE PRICE OF GAME HONESTY FOR THE PLAYERS, THE FULL TRANSPARENCY OF WINNINGS, AND THE MAIN THING IS THE FULL INDEPENDENCE OF PLAYERS FROM THE ORGANIZERS. We are sure that players will quickly appreciate these advantages of new technologies and understand that playing on the blockchain and on smart contracts is much more profitable for them, even despite the high commission.

We also pay your attention to the fact that the EtherSport platform is practically Ethereum mining, and not just a game. Where users, due to their knowledge, analytical thinking, have the opportunity to win-receive ethereum and without the cost of energy for mining.