Ulog: I am an early Adopter of BetTronLive
Hi, today I would like to share with you this earning opportunity that I think many of you will be interested in. The name of the project is BetTronLive and it is a gambling platform that uses Tron blockchain. Okay I know some of you Steem diehard fans here would say that we also have these types of the application here at Steem or EOS, ETH or etc. Rest assured that I am well aware of that and perhaps some of those steem-based gaming platforms will grace the pages of my blog but for now let us talk about BetTronLive.
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As I have already stated above BetTronLive (BTL)is a gambling platform that utilizes blockchain technology to create a whole new experience in online gambling. Through the use of blockchain technology, all transactions done in the site are recorded in Tron's blockchain which is immutable, transparent and can be audited. It also enabled the developers of Tron to execute all transactions in the site via smart contracts, leveraging the technology even further.
In doing so the dev was able to create a non-custodial gaming site where the funds of the players never leave the custody of the players. Funds in the platform are in Tronics or TRX, this is the main betting cryptocurrency used in the platform. You can buy and sell TRX in almost all major cryptocurrency exchanges in the world as it is one of the most widely accepted cryptos being in the top 15 rankings by market capitalization.
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Another Token is Rake which is not used to as rewards for all wagering activities if the players. What makes this amazing is the fact that all players wagering will receive Rake tokens whether they WIN or LOSE. Yes, you heard that right. That is the distribution mechanism of RAKE which the team calls the proof-of-playing. Rake is distributed at a pre-determined rate with increasing difficulty to minimize the risk of inflation due to increasing supply.
The process by which you wager and earn Rake is called bet mining since it a sense you are mining Rake each time you wager and it does not matter if you win or lose you will get a certain amount of RAKE. Its current rate is for every 600 TRX wagered you will receive 1 RAKE. You can wager a smaller amount but you will get the same proportion of RAKE each time. For example, if you wager 60 TRX then you will earn .1 RAKE. The same goes when you wager higher. Say you Wager 1,200 TRX then you will get 2 RAKE tokens.
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Now some of you might be thinking what is new since most of what I have already said is already implemented by another project. For one thing, if you look at their website it is perhaps one of the most beautiful gaming websites you will ever see in the online gaming space. A prime example of this its Lambo Dice, whose interface resembles a dashboard of a sports car.
Another feature that got me interested is the implementation of live dealers and gaming sessions. As I understand it not only do they plan to feature live professionally trained dealers in their platform but will include features that will enable players to interact with each other. This is definitely a level-up compared to the gaming platform offering a similar feature.
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There is also the feature where gamers can view ads in their dashboard while playing Lambo Dice. This feature enables BetTronLive additional revenue streams that they can share with RAKE token holders. Of course, this is not the first time we heard of this feature as another similar platform is already planning to offer this but has not done so even if the platform is more than a year's old.
It is of my opinion that BetTronLive team is well aware of the competition and has learned from the mistakes of the previous team who entered this type of industry and is now trying to improve upon the successes of older generation gaming platforms and incorporate innovative game and features to differentiate their project.
There is so much to say about this new project but I think I would not do it much justice if I discussed features that you can't already see or test. I'd rather discuss them later when they are deployed so that you can test them yourselves and not only take my word for it.
Nonetheless, I think this project has the same developmental trajectory as a similar project I shared on steemit almost a year ago. That project has become the first-ever gaming dapp that got listed on Binance despite some initial negativity and doubt in the first few months of its operations.