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Attention Gamblers‼️
Are you tired of slow withdrawals and rigged games on centralized gambling platforms?🤔
Why not join @JustBetOfficial , the decentralized and trustless peer-to-peer gambling platform that ensures fast, secure, and transparent betting experiences.
A 🧵🧵

In this thread I will be covering:
•Introduction
•The problem
•JustBet as a Solution
•Games
•Tokenomics
•Partnerships
•Conclusion
•Learn more
•WL giveaway announcement
•Tagging OGs

▪️INTRODUCTION
JustBet is an Arbitrum based decentralized casino developed by WINR labs on the WINR protocol that provides a fast, secure, transparent and tamper-proof gaming experience.

Users can participate in various games such as coinflip, range, dice, wheel, rock-paper-scissors e.t.c and earn rewards from playing.
Let's note that the public sale will be on 9th of March via @Camelotdex
Read to the end for a surprise 😮

WINR @WINRProtocol delivers the essential infrastructure to support the games while Supra VRF @SupraOracles generates tamper-proof, unbiased, and cryptographically verifiable random outputs, making the game Fair and Transparent.

▪️PROBLEM
The GameFi community which includes Decentralized casinos, which operate on blockchain technology, face several challenges which include:

• Lack of Trust and Transparency: Transparency is a key concern when it comes to decentralized casinos, as there is often a lack of clarity around the underlying code and mechanisms used to determine outcomes

• Security: One of the most significant challenges for decentralized casinos is proper security. The blockchain technology used by these casinos is decentralized, which means that there is no central authority to regulate transactions.

And so preventing fraud, and hacking can be a daunting task.

• User experience: The technology used in Decentralized casinos are still new and complex. Making difficult for users to understand and leading to poor user experience.

• Liquidity: The technology used in Decentralized casinos are still new and often struggle with liquidity. Since they operate on a decentralized network, they don't have the same level of liquidity as traditional casinos which can make paying players difficult.

▪️JUSTBET AS THE SOLUTION:
▪️Seamless Process:
JustBet has designed a system that allows users to bet directly from their wallets, saving them the time, energy and stress of the rigorous middleman, and KYC processes.

This system also reduces the costs from paying extra middleman fees making betting as seamless as possible.
▪️Security and Transparency:
JustBet has partnered with SupraOracles to make the game process very Fair, Transparent and Tamper-proof.

Random numbers are generated as Verifiable Random Functions (VRFs) and provided by the oracle service SupraOracles for the games on JustBet. The random number is generated upon receiving the request from each game contract.

The seed is created and broadcasted to the chain, resulting in the game.

Here's a breakdown of how it works:
1. Gamblers initiate the bet by approving the transaction.
2. The game's smart contract requests a random number (VRF) from the SupraOracles smart contract.
3. Supra Oracle creates an off-chain seed using the distributed VRF technology.

4. SupraOracles responds to the request, which prompts the WINR Protocol contract to start the payout transaction of the bet.
▪️ Simplicity:
JustBet is also developing a new feature named One-Click Betting (OCB) that aims to simplify the process of placing bets on the platform.

This new feature will eliminate the need for users to interact with their wallet each time they want to place a bet, thus reducing the time required to complete the transaction.
▪️Liquidity Provision:

Modern casinos are peer-to-peer by nature, as it's a bet between a gambler and a bankroll owned by the house.
However, JustBet is built on a decentralized house model using the WINR Protocol.

(WINR Protocol is a fully autonomous liquidity and incentive infrastructure explicitly built for on-chain games requiring a counterparty asset vault. )
Anyone can add funds to the WINR Liquidity Protocol and place themselves on the house side of the bets.

Liquidity providers are rewarded in 3 different ways:
• The price of $WLP appreciates as the gamblers lose.
• Liquidity providers are entitled to vWINR emissions.
• WLP holders are distributed additional WLP collected through the fees.

▪️HOW TO ADD LIQUIDITY
1. Go to the Earn page.
2. Select the token you want to add liquidity with. The tokens available initially will be DAI, wETH, and wBTC.
3. Enter the amount, and click "Deposit."

4. Approve your transaction, and you will receive a corresponding amount of $WLP token in your wallet.

(The $WLP token represents the underlying assets in the WINR Liquidity Pool and providing liquidity to the WINR Liquidity Pool mints the address proportional WLP tokens to the liquidity provided.)

▪️JustBet Games
The games on the Platform include:
• CoinFlip
• Range
• Moon
• Wheel
• Plinko
• Dice
• Rock-paper-scissors
To mention a few..
While earning from these games, Players can choose to earn in other ways like:

1. WINR (Real Yield): Where users can stake vWINR token and earn passive income in real yield.
2. NFTs: Players can purchase NFTs which grants them certain privileges and they also are rewarded through competitions and achievements.

▪️TOKENOMICS:
The JustBet casino is built on the WINR protocol which hosts a variety of games and platforms and hence has adopted the protocol's native token $WINR
It has a Total Supply of 1 billion $WINR tokens
The Token features majorly as:
1. A store of value

2. A Incentive mechanism with use cases in a number of platform like:
• Casinos - both Metaverse and DApps
• Sports betting platform
• Betting platforms for on-chain games
• Betting mechanisms inside the on-chain games

• Rewarding mechanisms such as purchasable loot boxes within the on-chain games
The token has Deflationary Mechanisms put in place to hedge against potential inflation, and also increase its value over time.
The image below shows the $WINR Token allocation

To get more information on the Tokenomics, such as the Vesting and Unlock schedules, check here. ⬇️
docs.winr.games

docs.winr.games

▪️PATNERSHIPS
The JustBet team has established partnerships and affiliations with various reputable and well-known cryptocurrency protocols, including:
@WINRProtocol
@SupraOracles
@CamelotDEX
@HallsofOlympia
@FactorDAO
@Arbitrum_Space
@ArbitrumNewDAO

▪️ROADMAP
The JustBet team has clearly outlined all the tasks, milestones, events and timelines that are necessary for the success of the JustBet casino.
From the addition of more games, incentivize testnet launches and audits in Q1 of 2023

To the implementation of the One-click betting, deployment of Optimism and zk e.t.c.
For a detailed look at the roadmap check it out here ⬇️
docs.just.bet

docs.just.bet

The platform will be constantly updated and improved based on user feedback and market trends to ensure that JustBet remains at the forefront of the decentralized betting space.

▪️CONCLUSION
JustBet has been able to revolutionize the concept of Decentralized Gambling and the GameFi space.
"The Web3 Casino You Deserve"
They have created an Autonomous and also Seamless gambling platform capable of making anyone a WINNER.