Wagerr (WGR) ICO Review & Analysis – Wagerr (WGR) Token Review

Wagerr

The Betting Blockchain

Network Token

Wagerr uses distributed blockchain technology to execute betting contracts. It escrows stakes, verifies results, and pays out winners. By eliminating central authorities, Wagerr solves the most pernicious problems in the industry. Reducing corruption and risk results in predictable operation. You can bet on Wagerr.

Built for Everyone – Experienced and casual players alike appreciate the easy to use wallet that integrates advanced options like sports entertainment and setting the line for head to head bets. Investors large and small can hold a stake in the system by operating Oracles or simply holding Wagerr.
Value Coupling – Nearly half of all fees are systematically destroyed — and destroying fees diminishes coin supply. It’s a simple matter of supply and demand: Given steady demand, free markets tend to respond to a dwindling supply with rising asset price. Holders of the asset will only sell it for the highest price the market will bear.
Oracles – Oracles act as consensus agents that retrieve real world sporting event data and record the outcomes on the blockchain. This is then used to by the network to determine winning bets. They also act as Masternodes in that they exclusively forge betting smart contracts backed by their collateral. They form a strong second tier network backbone that efficiently processes bets and events.

“The Wagerr system is decentralized and self regulating. These qualities allow Wagerr to deliver secure, private, and safe sports betting to the entire world. Players avoid the high fees, corruption, legal repercussions, and violence prevalent in today’s industry. Using Wagerr is accessible, fair and safe. No more worries about changing regulations or crooked bookmakers. Say goodbye to risk and regulation, and say hello to Wagerr, an asset optimized to grow in value as the Wagerr economy absorbs pent up demand for secure, trustless betting.”

Positives

Wagerr is tapping into the multi-billion dollar market that is betting. The main issue we see with betting today is the unnecessary middlemen that stand in the way of betters and the events. A fragmented industry that forces users to swap and change between apps/agencies to place a bet on the event they want is causing many to simply bet in underground circles which is not only illegal but full of potential hazards. Wagerr presents itself as a decentralized alternative to the traditional model, allowing everybody in the ecosystem the ability to earn. We love seeing projects target industries that harbor useless middlemen who only stand to make as much money as possible and Wagerr is cutting the middleman out completely.
Wagerr utilizes Oracles as a way to “verify” an event. Oracles are there to provide the network with accurate information about how an event occurred. Without accurate data input, Smart Contracts are useless. Wagerr has not only integrated Oracles into their business model but offered those Oracles up to 50% of the contract fees for their service while burning a percentage of the remaining fee. Decreasing circulating supply through usage of the platform which theoretically should see the WGR token rise in value. Two birds with one stone.
Taking a look at Wagerrs Roadmap, we can that their focus is to make using a decentralized alternative to the traditional betting app as seemless as possible. We’ve always said that the best way to garner adoption is by designing a decentralized model which users do not need to be aware of. Wagerr looks like they’re aiming to create just that. An in-wallet currency exchange, Dynamic Odds, Fantasy Sports and Live Betting features are all coming over the next 12 months. If Wagerr is successful in their Roadmap we believe they’ll do very well in this space.
The community behind Wagerr is something we must address simply due to the nature of the industry they’re working in. During out Community Vote we saw an enormous amount of support to review Wagerr (WGR). Branding and Marketing is extremely important to a platform that is targeting such a huge population in a heavily saturated industry but Wagerr is looking pretty strong in this department. Their Team features members who are well versed in the betting scene and their community is relentless. Coupling a very strong community with some stand-out branding, we believe this is just one reason why Wagerr is standing out above newer competitors.
Looking at Wagerr from an investors perspective, the token economics behind WGR look great. A recent coin burn is evidence of the deflationary model behind the token, showing just over 180k WGR being burned from the circulating supply. When you look at how much money flows through betting apps/agencies and combine that with a token that consistently decreases in supply through network usage, WGR has some huge upside potential.

Concerns

Wagerr does have some fair competition that has been around for some time. Gnosis and Augur are similar in model but for very different industries. While Wagerr is concerned with sports and traditional style betting, Auger and Gnosis are focused more on prediction markets, allowing users to bet on anything that can be reported and verified. Very different target audiences, very different business models, same industry (more or less). Wagerr boasts a fair few other technical differences when compared to their competitors, check out this comparison chart. We don’t see any absolute direct threats to Wagerr, just other players in the same space. Investors should keep an eye on competitors but as of right now it isn’t a huge concern.
In regards to progress & development. Through some browsing of social media we were able to see concerns surrounding the development progress Wagerr has made over the past year. Things seem to have picked up over the past few months (see Github) with the release of their Mainnet but from what we can see, the Mainnet was originally scheduled for January 2018. Delays are expected in this space as projects march into uncharted territory, just something to keep an eye on if you’re a long-term investor. Wagerr has been around for a while now (ICO was in June 2017) but it looks like the bulk of the development progress has been made over the past few months/quarters.
As for major red flags in Wagerrs business model, we don’t see any. You could point out the Team size being a bit on the small side and other bits and pieces but if you’re after a fundamental flaw in Wagerrs model, it’d be hard to find. Despite Wagerr being around since mid-2017 the progress they’ve made has been somewhat on the slower side but if they keep going the way they’ve been going during the past few months, they’ll make up ground quickly.