What Is Wagerr Token (WGR)?

Wagerr is a sportsbook platform based on blockchain technology and secured by a decentralized network globally. According to the whitepaper, the platform implements sports betting all around the world. Wagerr aims to introduce a market with a low-cost, safe, transparent, and reliable method to bet via blockchain across the globe.

There are certain problems involved with sports betting. One such issue is extreme risks for sports bettors that comprise exploitation of information or identity, irrecoverable fund loss, regulatory repercussions, and susceptibility to manipulation. Another problem is unpredictable risks for private and corporate bookkeepers such as security vulnerabilities, regulatory repercussions, frozen assets, and government seizure of funds. Also, centralization is considered the core problem with sports betting as it involves trust requirements, nondistributed systems, and centralization of control or power. Thus, Wagerr offers a global solution to a broad range of localized issues in the markets of sports betting.

In addition, Wagerr aims to provide bettors with various benefits and features not accessible elsewhere. Since the platform is a peer-to-peer network, it can be accessed from any part of the world and at any duration without any limitations. Users are not required to sign up to use the services or provide any personal information. Moreover, the blockchain of Wagerr does not require any third party to function completely on blockchain. Bettors have full control over money every time. The platform incentivizes bettors to utilize the network and obtain and hold its native token. It also provides better margins for players and the possibility of winning by holding WGR.

The native token of Wagerr is WGR. WGR is a cryptocurrency that has been designed with a deflationary mechanism, which is meant to help retain the value of the coin under different conditions.

The Wagerr platform is designed to incentivize the acceptance of WGR tokens through staking and masternodes rewards, wherein users can get more tokens to add value to the entire network. Masternodes are blockchain network operators who have greater responsibilities but also more rewards than regular node operators. The token holders of WGR and those operating a standard staking wallet increase freshly minted WGR tokens as the wallets contribute to the network of security. The chances of acquiring stake rewards are enhanced with the number of WGR tokens held in the holder’s wallet.

History of Wagerr Token (WGR)

The Wagerr platform was introduced in 2017. David Mah is the founder of the platform. David Mah is also a cofounder of Sigwo Technologies. He has a bachelor's degree in MBBS.

The total supply of WGR tokens is dynamic and depends on whether bettors lose or win.