U-BET DECENTRALIZED ONLINE SPORTS BETTING PLATFORM ON MASTERNODES AND SMARTCONTRACTS LIGHTPAPER

Transcription

1 U-BET DECENTRALIZED ONLINE SPORTS BETTING PLATFORM ON MASTERNODES AND SMARTCONTRACTS With Dedicated ios and Android Apps (U-BET wallets, exchange and payment gateways integrated) LIGHTPAPER Sports Betting on Blockchain 2018 U-BET

2 CONTENTS INTRODUCTION... 3 PROBLEMS REQUIRING A SOLUTION... 4 BENEFITS OF THE U-BET PLATFORM... 5 SOLUTION... 6 COIN SPECIFICATIONS... 7 ROADMAP... 8 VALUE OF THE U-BET PLATFORM AND THE U-BET COIN... 10

3 INTRODUCTION U-BET Online Sports Betting Platform is all about the Blockchain, Masternodes (MNs) and Smart-Contracts. U-BET brings a solution for the major online betting industry problems including the lack of transparency, trust, and absence of guaranteed profits for the users and investors. U-BET resolves it all. The U-BET blockchain keeps all the transactions safe and transparent and the U-BET blockchain brings trust to sports betting since all the transactions are recorded and can be easily tracked. Investments into U-BET coin (U-BET platform) are secure. When you purchase U-BET coins on the crypto exchanges, you invest into a constantly appreciating digital asset. You can use this asset to gain even more by placing bets using the U-BET Platform or the U- BET apps on the platforms of your choice (ios or Android). If you purchase a masternode, you keep your investments safe by locking in your collateral coins (2,500 U-BET coins are required to start up a U-BET masternode). You are guaranteed to receive the masternode owner rewards. It does not stop there as you can use your masternode rewards to place bets and gain even more. If you own a U-BET masternode, you can continue placing bets without investing any more of your fiat money on top of the fiat currency invested into the masternode. If you d like to get your investments back, you can always do so by selling your collateral U-BET coins on the exchanges. The potential for a blockchain based betting platform like U-BET is huge! The legal sports betting market in the U.S was only worth an estimated $270 million in with another $2.5 billion to $3 billion in black market betting, according to research firm Eilers & Krejcik Gaming, LLC. It estimates that the resulting market would be worth $6.03 billion in annual revenue - $7.1 billion to $15.8 billion after all 50 states of the US legalize sports betting. Just imagine what the numbers are on the global scale. Get a piece of that pie! U-BET is your lucky bet! 3

4 PROBLEMS REQUIRING A SOLUTION 1. Legislation Restrictions and Regional Restrictions. Sports betting is illegal in various countries because it is illegal to use the old outdated fiat currencies for sports betting. What if you don t use any fiat for betting at all? You simply download an app, purchase or receive your U-BET coins (digital asset) and you are all set! No more restrictions. U-BET is not a fiat! 2. Lack of Transparency. Can you verify any transaction you do, when you place a bet using conventional online betting platforms? The answer is MAYBE. The answer with U-BET is YES! YES, YOU CAN! 3. Comfort and Speed of Transactions. How much effort does it take to place a bet? With U-BET apps or U-BET online platform on the blockchain and smart-contracts it is just a matter of a couple of clicks or taps. 4. Cash in / Cash out. All your bets are placed using the U-BET coin (digital asset). You can purchase U- BET coins on the exchanges or right in the U-BET apps. You can then cash out your revenues using any ATM worldwide using the U-BET plastic card. You can order it directly in the app. Worldwide expedited shipping will be available (additional charges apply). You can choose between KYC verification and no KYC verification (daily and monthly cash withdrawal limitations apply with no KYC verification). 4

5 BENEFITS OF THE U-BET PLATFORM 1. Instant Deposits and Withdrawals. No more waiting for hours and days. Partnerships with payment processing gateways (CoinPayments is the first on the list) will enable investors and regular users to have the comfort of lightning speed deposits and withdrawals. 2. Transparency, Reliability and Trust Backed Up by our Blockchain. Every transactions is recorded into the blockchain. You can see every single one. You can trace every single one. No more worrying about if you ll receive your funds or not. You just get to enjoy your betting. 3. Constantly Growing Investment and Truly Passive Income. Limited supply, short POW period (up to block 10,000 only), and the constantly growing number of investors and user make the U-BET coin a perfect investment. You can leverage from U-BET POS system, masternode rewards, legal betting with U-BET coin (digital asset). 5

6 SOLUTION U-BET is an Online Sports Betting Platform based on the blockchain and Smart- Contracts. Masternodes will provide security and amazing speed of transactions for the Platform. Transparency, reliability and supersonic speed of transactions are the cornerstones of the U-BET masternode decentralized system. All the transactions are done using the U-BET coin. That removes all restrictions related to betting with the use of the old outdated fiat currencies. Masternodes owners and U-BET coin staking investors will never have to worry about investing more and more fiat into betting. They can simply use their rewards and have a chance to win repeatedly. Any time they want, they ll have the option to sell their collateral masternode coins and the coins they stake to get their investments back in fiat if they so choose. U-BET Online Sports Betting Platform will have integrations with major world sports betting providers. New partnerships and integrations are scheduled over the next six months. This process needs to be planned correctly. Everything should be covered with appropriate licensing. This is the major focus for the upcoming months. Partnerships with payment gateways (CoinPayments will be the first on the list) will provide the investors and users with the easy way to purchase U-BET coins to place their first bets and/or withdraw a fiat currency of their choice using any ATM with a branded U-BET plastic card worldwide (partnerships are defined, certain licensing and registration are required. These are properly scheduled and will done within 3 to 5 months). The integration and introduction of Smart-Contracts will bring even more transparency, reliability and trust to U-BET. All fees are charged in U-BET coin. This ensures the constant growing value of the coin for the investors and coin holders. The maximum supply is limited and ever growing number of players will result in one thing only continuous appreciation of the U-BET coin. Early U-BET coin and masternode holders will benefit the most from this. 6

7 COIN SPECIFICATIONS Coin Name: U-BET Coin Ticker: UBET Address Initial Letter: U Block Reward: 10 U-BET Coins Masternode Collateral: 2,500 U-BET Coins Block Reward: 20% / 70% / 10% (20% miners / 70% masternodes / 10% development, promotion & marketing fund the address will be public) BEFORE POS ACTIVATION AT BLOCK 10,000 PoW Algorithm: X16r Block time: 120 seconds Difficulty Retargeting: Every block Halving: 12 months P2P Port: RPC Port: Max Supply: 22,000,000 (22 million coins) Pre-mine: 3% POS Activation Block: 10,000 (10 thousand coins) Minimum amount of coins to POS: 1,000 (1 thousand) U-BET Coins Reward Structure After POS ACTIVATION: 30% - POS, 60% - MNs, 10% - Dev & Marketing Fund (the address will be public) 7

8 ROADMAP Q JULY 2018: U-BET Lightpaper formalization JULY 2018: Website development JULY 2018: Blockchain development JULY 2018: Media content creation JULY 2018: Marketing planning EARLY AUGUST 2018: U-BET website goes live EARLY AUGUST 2018: Marketing strategy implementation EARLY AUGUST 2018: U-BET Platform (early pre-alpha version) goes live EARLY AUGUST 2018: Bounties continued. An invitation campaign is launched LATE AUGUST 2018: U-BET blockchain goes live LATE AUGUST 2018: U-BET masternodes pre-sale starts EARLY SEPTEMBER 2018: First exchange listing ( will be the first exchange for U-BET. Exchange pairs with BTC, ETH, USD) E A R L Y S E P T E M B E R : Listing with Masternodes.Online ( masternodes.online/), Masternodes.Pro ( MNCN.Online ( MID SEPTEMBER 2018: Partnership with BITSCOIN Korean service provider ( bitscoin.co.kr/) MID SEPTEMBER 2018: Listing with the Blockfolio ( and with the DELTA ( LATE SEPTEMBER 2018: Partnership with GINCoin (GIN) platform LATE SEPTEMBER 2018: Listing with C2CX ( 8

9 Q EARLY OCTOBER 2018: Pre-beta apps and platform are presented to the community and the investors EARLY OCTOBER 2018: Public beta testing of the Android U-BET app (with in-built wallets and exchange to BTC and vice versa) MID OCTOBER 2018: CoinGate gateway activation MID OCTOBER 2018: Activation of CoinPayments gateway to accept altcoins, deposit fiat currency and withdraw fiat currency LATE OCTOBER 2018: Listing with INDODAX ( EARLY NOVEMBER 2018: Submittal of the required documents to register 2 offices one in Malta, the second one in the Isle of Man (two offices are needed to optimize the issue of payment processing services and gateways arrangements enabling features like fiat currency support and pre-paid cards support) EARLY DECEMBER 2018: Registration of the offices is complete. Applications submittal for acquisition of sports betting licenses MID DECEMBER 2018: Signing an agreement with entities issuing pre-paid cards (partners found, but official registration and licensing are required please ref. above) LATE DECEMBER 2018: Sports Statistics Service Providers integration (2 providers identified, contacted and agreed) LATE DECEMBER 2018: Activation of Smart-Contracts LATE DECEMBER 2018: Full-scale commercial launch of the betting platform and the apps for everyone LATE DECEMBER 2018: First batch of pre-paid cards get delivered to the investors and clients (all the related actions to get a card will be integrated and available in the U-BET app on the platform of your choice. Shipping costs will apply. International worldwide shipping will be possible. Two options will be available: KYC authorization and no KYC authorization with limitations on cash withdrawals) 9

10 VALUE OF THE U-BET PLATFORM AND THE U-BET COIN The U-BET platform based on our blockchain, masternodes technologies and Smart-Contracts are the main factors for continuous appreciation of the coin. Short POW duration (up to block 10,000) will protect the coin from existing and coming mining monsters. No ASIC threat. U-BET is a great investment for investors relying on POS and steady masternode income. This is the true passive income! As long as the U-BET Online Sports Betting Platform grows, the number of active user will only increase. The maximum supply is limited, which guarantees the constant appreciation of the coin, especially considering the number of the various sports activities available. U-BET is your lucky bet! Sports Betting on Blockchain 2018 U-BET 10