JustBet

JustBet is a decentralized and autonomous gaming platform/casino and lottery. Available games are built on-chain, and random number generators and price oracles are supplied by ChainLink.

JustBet's protocol works with pre-built algorithms for every game. According to the amount a user has wagered on the platform, the player will automatically mint native WINR tokens at a rate that is predetermined by the smart contract for every period until the token reaches maximum supply. Every time a player wagers, the overall amount wagered is converted into different WINR tokens. The term is referred to as Proof-of-Wagering. JustBet utilizes cryptographic hash features to ensure that players or game providers will not be able to cheat prior to the commencement of the game. Additionally, the system utilizes a blockchain hash that serves as the number randomizer.

JustBet's built-in algorithms calculate, pick, and settle on ideal and available operational decisions. Each game contract is linked to the router contract. A win or lose feature is triggered whenever a game is played, depending on the result. Every game possesses a spacing among predetermined sets of numbers. Illustratively, for dice, JustBet's protocol limits the numbers from one to one hundred. For each bet, it takes the transaction hash of those bets on the blockchain.

The block difficulty, block hash, and the time stamp of the transactions are combined by the protocol. It then gets the integer of the combination as the random number. For the game result, the random number is utilized as the winning number. The games are developed utilizing the minimum public house edge. The platform provides an array of games that users can play in a completely decentralized and autonomous environment, advertised to contain no human intervention. USDT (Tether) can be directly played on JustBet alongside TRX (Tron token). The TRX WINR formula is identical to the USDT WINR minting formula. The following are some games that players eventually get access to:

• Dice
• Moon
• Slot Machine
• Flip Coin
• Roulette
• Poker
• Baccarat
• BlackJack
• Minesweeper
• Keno
• Sic Bo

Its minting formula involves eight variables. Each of the variables is calculated or pre-set in order to generate the minting occurring at every gameplay. The primary principles for its mining formula include the following:

• The WINR tokens are minted, not linearly, on a standard logarithmic curve. This motivates users to gamble more in order to get more WINRS, and then curving to slow the increase down as users gamble more.
• The tokens are minted according to the amount a user gambles
• Every round mints a minimizing amount of WINR tokens for each gameplay
• There are nine rounds of minting the tokens

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