Overview
What is Sakka?
Sakka is a Binance Smart Chain (BSC) and Klaytn-based comprehensive prediction matching and Defi platform. Unlike previous-generation prediction platforms, Sakka, a fundamental innovation, guarantees alternative applications using blockchain technology. Sakka is to provide a one-stop forecasting service with a built-in revenue-sharing mechanism supporting liquidity staking and deflationary token economics.
Sakka's Product Line
Defi
Sakka's Defi (Decentralized Finance) is a financial service open to anyone with Internet access. Staking crypto assets is a simple and secure way to earn interest income in return. Sakka tokens can be obtained from the staking pools based on real-time APR. In addition, Sakka Finance will provide users with BETA rewards through airdrops. Salka Token will also serve as a fee discount and governance token of Sakka Dao after related updates. Deposit income (interest) from the staking pools is generated according to Sakkaβs tokennomics.
Sports Betting
Sports betting or sports gambling is the activity of predicting the outcome of a sport and betting on the outcome. Sports betting is a fair bet on the win or loss of various sports characterized by exhaustion. The game of the sport is being played by a third party regardless of the party involved in the gamble. Betting on sports is officially recognized by national law in many countries, but many people cannot openly participate in it.
eSports Betting
Esports refers to stereotyped video games where top players compete. In recent years, eSports, and eSports betting, have grown in popularity. Esports encompasses a variety of games and genres. The most popular genres are first-person shooters (FPS) and multiplayer online battle arenas (MOBAs), fighting games and real-time strategy (RTS) games, typical examples are Dota 2, League of Legends (LoL), Counter-Strike: Global Offensive ( CS: GO ). A great number of spectators worldwide have been betting on the results of these games for long. Players and teams can compete online or over LAN. Large tournaments such as Dota 2 The International (TI) and LoL World Championship are held in stadiums and attract more than 5,000,000 online audiences through streaming services such as Twitch.
NFT
In many respects, NFTs are not very different from traditional digital currencies such as Bitcoin, Ethereum, and Dogecoin. Because NFTs are also digital assets and operate on top of a blockchain network, NFTs are ideal for digitally storing real-world asset values. On the other hand, cryptocurrencies such as Bitcoin may be replaceable. For example, there is nothing wrong with exchanging one bitcoin for another. Even after this exchange, one Bitcoin in the wallet retains its original value. However, the case of NFT is different. No NFT has any relationship with the coins circulating in the market and therefore has its value as non-fungible. Many people want to buy NFT tokens because they emerge as a new store of value. It is now possible to easily mint various assets into NFTs, for example, to record sports moments.
Dao Governance
DAO is a rough working method of decentralized autonomous organization. The idea of ββthis management model has been around in the cryptocurrency community ever since Bitcoin succeeded in eliminating intermediaries from financial transactions. Similarly, the main idea of ββa DAO is to establish a fully functional company or organization without hierarchical management. For DAO to work, members need a set of rules that must be followed. These rules are encoded into smart contracts, essentially computer programs that exist autonomously on the Internet but require people to do things they cannot do on their own. There must be tokens that can be used as rewards for activities. By investing in a DAO, users have the right to vote, allowing them to influence how the organization operates. Once the funding period is over and the DAO is deployed, it will be fully autonomous and independent of its developers and anyone else. Since it is open-sourced, the code can be viewed by anyone. Besides, all rules and financial transactions are recorded on the blockchain. Therefore, DAOs are entirely transparent, immutable, and cannot be corrupted. Once a DAO is in operation, all decisions about how and where the funds will be used are made by consensus. Anyone who has purchased a stake in a DAO can make an offer about its future. However, you may need to deposit to propose to avoid flooding the network with proposals. Council members then vote on the proposal. To come into force, a majority must agree to the notion. The percentage required to reach this majority may vary from one DAO to another, which may be specified in the DAO's code.
Advantages of Sakka
Fully Peer-to-Peer
Sakka is committed to creating a complete peer-to-peer platform for decentralized betting, which has completely revolutionized the once shady and centralized space.
Open & Transparent
Anyone can vote to list public sporting events and use a clearly defined and visible risk and reward algorithm to provide liquidity or bet on match results.
Better Odds
The decentralized nature of the probability network allows investors to receive higher payouts as risk is distributed across pools rather than a single centralized entity.
Sports and eSports
Anyone can list the eSports they are interested in, so you don't have to go through multiple platforms to pinpoint them.
Immediately Payment
Direct P2P matching is possible without restrictions or long and complicated withdrawals.
Liquidity Mining
Defi investors can receive Sakka tokens through liquidity mining whether they participate in Sakka Dao governance or earn profits.
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