Peer-to-peer
Kryptium cuts out traditional bookmakers and allows players to bet against each other on their own terms.
Kryptium is a user-friendly, decentralised, peer-to-peer betting platform.
Kryptium cuts out traditional bookmakers and allows players to bet against each other on their own terms.
There are no limits on winnings, no taxes and no limits on withdrawals.
The betting platform is based on the Ethereum blockchain network. Kryptium team does not run any servers.
Anyone can act as a player, house or data service provider. Kryptium is designed to support a global betting ecosystem.
Cutting out bookmakers, opens a new betting experience for players.
Players bet on their predicted outcomes and all stakes go into a single pool. Winners share the pool. The odds are dynamic and depend on the number of participants and the amounts they wagered.
The purest form of peer-to-peer betting. One player opens the bet and defines the odds and another player matches the bet. Players are not bound by unfavourable, centrally-defined odds.
High rollers can wager large amounts by offering bets that can be partially matched by multiple players. Similar to head-to-head bets, the odds are defined by the player who opens the bet.
The Kryptium platform consists of 5 components:
Betting app
Using the app, players can check upcoming events and very easily open, match or join bets. The app also allows users to select their favourite betting house and even upvote/downvote houses in order to help the community choose the best. In addition, it includes wallet functionality so that players can easily manage their betting funds without having to install complex, third-party wallets. The betting app is currently available for Windows, macOS, Linux and soon for Android and iOS. Roadmap – A simplified administration environment will be included to let any player deploy and manage their own oracle and house smart contracts. All administration functionality will be based on an API which will also enable integration with third-party systems for automated publishing of events and their outcomes.
Oracle smart contract
An Ethereum application that allows publishing events and their outcomes on the blockchain. It can support events from various sectors, including sports, politics, e-sports, stock markets etc. Oracle smart contracts are independent from the rest of the platform, since they can be deployed by anybody and provide their event data to any other smart contract or app. Roadmap – Owners of oracle smart contracts will be able to transparently charge other users or smart contracts for the provided event data. Check the code
Oracle storage
Roadmap – This component will provide the betting app with additional rich metadata for registered events, such as images, descriptions and statistics. Due to cost- and performance-related reasons, Oracle storages will be off-chain and based on the IPFS network. The deployment of this component will be optional.
House smart contract
An Ethereum application which functions like an escrow agent for the players of any bet on the Kryptium platform. It registers bets, receives stakes and transfers funds to winners’ betting wallets based on the outcomes of the corresponding events. The “trusted source of truth” for all event data is an oracle smart contract. House smart contracts can be fully autonomous or managed and might charge a commission for their services. The “managed” version allows its owners to cancel bets which they might consider as “unfair”. Check the code
Tracker smart contract
It functions as a “registry” of Kryptium-based houses on the Ethereum blockchain and keeps track of users’ upvotes/downvotes. Tracker smart contracts can be fully autonomous or managed. The “managed” version allows “controlled” registration of houses by the owner of the smart contract. The deployment of this component is optional. Check the code
Roadmap – The betting app will be extended to support easy deployment and management of oracle and house smart contracts and will also provide a simple interface for publishing and updating event data. The goal is to remove technical know-how limitations and enable all players to set up and maintain their own betting houses.
The Kryptium platform can be deployed on any Ethereum-compatible network, such as Binance Smart Chain, Polygon, Avalance, Arbitrum, Optimism, Ethereum Classic, etc. The betting app already supports easy switching from the default (Ethereum) to other compatible networks.
There is a passionate team behind Kryptium, with the goal to change the betting world!
Giannis is a seasoned software architect and team leader with more than 20 years of experience. Before Kryptium, he led the design, development and successful deployment of the Parkgene token and its ICO platform.
Yiannis has more than 20 years of versatile experience, covering product management and marketing, delivery of software products and services, IT consulting and technical sales. Before Kryptium, he managed the delivery of a white-labelled music streaming service in 4 African countries.
George is a talented web developer with a keen interest in cutting-edge technologies. Dapps, progressive web apps and front-end architectures are his latest passions. Before Kryptium, he worked on a business intelligence platform and the upgrading of a booking platform.
Ready to BET?
.exe
file you downloaded to install the app. Ignore the warning “The publisher could not be verified”..dmg
file you downloaded to install the app. Depending on your security settings, this may prompt a pop-up with an error message which says that it can’t be opened because it was not downloaded from the App Store. In that case you will need to do the following:
.AppImage
file.You are ready to bet!