Can you explain to us about Web3 Bets?

Web3 Bets is an ecosystem of decentralized, p2p betting platforms that enables bettors to bet against each other instead of a bookmaker. Just as Bitcoin enabled p2p electronic transactions without the need for banks or other financial third parties, Web3 Bets will enable p2p betting without the need for bookmakers. The ecosystem is built on the BSC blockchain and powered by smart contract, being built on the decentralized web, it gives the bettors (players) anonymity, privacy, security and trust. Web3 Bets Coin is the native token of the ecosystem. It is used to pay vig/fees, participate in some governance votes and earn airdrop rewards in the ecosystem.

Please tell us about the “partnership” and supporters of the Web3 Bets project?

Web3 Bets has Kenzo Ventures (Who’s focus is the development of early-stage projects with good potentials) supporting us as a strategic partner Cristiano Acconci, the cofounder of WhoScored.com supports as a strategic advisor. Moving forward, he will assist us with strategies for marketing and user acquisition. Borderpay (Digital sssets and cross-border currency exchanger ) as a top investor Solidity Finance( smart contract security auditor) audits our smart contracts. And as well as a strong team, and the investors.

Can you explain how Web3 Bets and what kind of services it offers to users?

Web3 Bets Ecosystem offers an open-source, decentralised, p2p betting ecosystem, where players bet against each other rather than a bookmaker or bookie… All on a Decentralized platform powered by Smart contracts and whose transactions are recorded and secured on the Blockchain. Some of the services that Web3 Bets offers to its users are: _- Decentralization: Yes, it’s recorded on the blockchain and ran by smart contracts… Therefore it is not controlled by anyone or any central agency, thereby returning the power back to the bettors. _-Privacy: Unlike centralized platforms whereby players data are collected at registration and are most times used for external activities without the knowledge of the bettors including selling users day to advertisement companies… Web3 Bets offers a privacy centered usage, and since it’s a decentralised platform… Users can join without the need to provide any personal documents nor contact details. _-Trust: On Web3 Bets Ecosystem, transactions are being recorded and stored on the blockchain and therefore there is no cheating whatsoever and no one can feel cheated since all transactions are transparent. _- Anonymity: On Web3 Bets Ecosystem, players can bet anonymously even with the same kind of anonymity that comes with Bitcoin and Crypto transactions since all that’s needed is your wallet address and your wallet address does not have any relation to you as a person… Thereby, making you totally anonymous. _-Security: Data stored on centralized channels are vulnerable to hacks, attacks or manipulation. Once a block is successfully added in a blockchain network, the content of the block remains tamper-proof. _-Censorship Resistant: Traditional betting systems can restrict, suspend or even completely delete players’ accounts when bets are no longer very profitable profitable to them or when the player wins bets consistently… This cannot be seen on a decentralised platform like Web3 Bets where there are no central authorities to decide how things go. The ecosystem has two kind of games which are: i)Pari-bet games: where players bet on different possible outcomes and all are collected to form a pool, then the winning pool takes all. ii)The Fixed-odd games: one player offers odds through lay betting (betting of something not to happen) for another player to wager against.

Can you provide some information about your Roadmap and how is Web3 Bets progressing so far?

As stated in the whitepaper, Q1 of 2022, we aimed to achieve is i) Idea, Conceptualization and Roadmap ( All creation – achieved ✅ 2) Creation of white paper and tokenomics – achieved ✅ 3) Creating and deploying of BXB on BNB and Smart Chain network – achieved ✅ 4)Launch Website and social media platforms – achieved ✅ 5) Community building and Promotion – as we all know, this is a continuous stage, and still very much in progress both in promotion of the upcoming public sales and strengthening the community at large. Also note that there’ll be atleast 5 days break between the end of the token sale and exchange listing. This break is to enable us plan for marketing and promotion that will guarantee a successful token launch. Moving over to Q2 2022 1) Token Contract Audit ( BXB has been audited with Solidity Finance) – achieved ✅ 2) Seed Sale round (has been completed) – fundraising target achieved ✅ 3) Team KYC Report – achieved✅ All has been achieved as written on the road map and we head to the public sale on Monday and proceeding to the next, all in track to achieving the remaining target for the 2nd Quarter which ends next month so it’s safe to say there is huge progress, everything listed here can be rechecked, verified and accessed for confirmation. Q1 2022 was focused on getting the project started. Q2 is focused on a successful token launch. Q3 will be focused on beta products launch Q4 will be focused on full product launch, media marketing, and user acquisition campaigns. In the first quarter of 2022, we will create a new roadmap. The community will be involved in the new roadmap by participating in our on-chain governance.

Yes, we did not prepare for the current market condition. There has been a downtrend in the price of Bitcoin and most crypto assets. This led to a negative general market sentiment which made it more difficult to have a successful fundraising. Our response to this development is to reduce our fundraising goal from $3.2m to $320k. This also serve as a proof of our commitment to developing our utilities and not just raising funds. I have always said this and I will reiterate, we don’t really care much of we raise millions, we care most about developing our utilities, because it is going to make both our token and the entire ecosystem to be successful. This is a long-term focused project. We build our applications and acquire users that will use it everyday.