Detailed Plan
Vision
To be the world’s go-to trusted destination for all types of wagering in an all-in-one easy-to-use app. The token holders will act as the house and share in the profits. Along with other types of functions and perks for holding our token and being part of the ecosystem.
How It Works
ALLIN Token - The token that you hold and can use to make bets, by holding this token it represents your share of the profits based on your tokens relative to the outstanding supply. This token comes with the volatility of the crypto markets.
ALLIN Stable Token - This token is pegged to fiat currency such as US Dollar or Euro so that you separate your bankroll from the volatility of the crypto markets but do not receive a portion of profits for holding this token.
Bet Types
Bet vs. Chain - You can place a bet similar to a sportsbook but instead of betting the house you are betting against the blockchain. Everyone that owns tokens in the ecosystem acts as the house.
When someone wins a bet, the system will mint that amount of tokens to payout the bet and the reverse if someone loses a bet, the system will burn that amount of tokens that was bet.
Every bet and Mint/Burn transaction is recorded on the blockchain to make sure there’s no foul play.
By holding the token there will be fluctuation in terms of minting and burning of the tokens due to the bets but also of the supply and demand of the price of the token.
This is how we’re able to turn the ecosystem of token holders into “the House” and have a sustainable ecosystem that brings change to an industry that is ready for it.
Person-to-Person - You can place a bet controlling the subject, odds and terms through blockchain smart contracts and have another person accept that bet with no middleman.
Pools - You can start a pool with friends/co-workers or join a pool with people from around the world in a variety of pool types across all sports and other subjects that use smart contracts to validate results. Some examples are survivor pools, bracket pools, Pick’em tournaments, celebrity pools, etc.
Esports/Video Games - You can bet on professional esports teams or you can play someone in your favorite video game, card game or other games.
Sports Index Tokens - It’s the stock market for the sports world. Replace companies with players or teams. Trade team/player performance tokens that create an algorithmic score or rating based on many different factors (stats, salary, media/popularity, etc.) that is unique to a specific sport. These performance ratings generate dividends for token holders. It’s a free and open market to trade these tokens where the price will be based on supply and demand.
Casino Games - You can play online casino and card games with trust and transparency that the outcomes are fair through the use of blockchain technology.
Fantasy Sports - You can start a league with friends/co-workers or join a league with people from around the world in a variety of fantasy types across a variety of sports. Some examples are daily fantasy, season-long leagues, keeper leagues, playoff leagues, etc.
Development Overview
We are using agile development practices and development is underway.
Our goals for this funding round are:
Backend - Completion of the backend models and APIs for the Person-to-Person (P2P) and Bet vs Chain (BvC) bet offering and accepting, fund management, and social media and news data integration.
Frontend - Development of the frontend web application with P2P and BvC bet offering and accepting, fund management and social media and news data integration.
Design - Initial UI / UX designs for MVP functionality.
Prediction Outcome Verification (POV) - Integration of POV technology.
Person-to-Person - Plutus smart contract.
Bet vs Chain - Plutus smart contract.
We will deliver web and mobile applications for Windows / Linux / Mac / Android / iOS with the same functionality, using React and React Native. The React web application is the target platform for this funding round.
Milestones Achieved
Backend models and APIs specified and implemented for basic bet offering and accepting.
Plutus Pioneer participation.
Recruited CEO with substantial experience in the gambling industry and entrepreneurship.
Networked with a team about how to get sports betting industry private funding
Roadmap
2022 Q2 - MVP with Prediction Outcome Verification (POV), Person-To-Person (P2P) Bets and Bet vs Chain (BvC).
2022 Q3 - Pools
2022 Q4 - Esports / Video Games
2022 Q4 - Sports Index Tokens
2023 Q2 - Casino Games
2023 Q4 - Fantasy
Success Metrics
In 3 months:
Frontend prototype.
Specifications for MVP functionality of backend and smart contracts.
1,000 Social Media Followers (Twitter, Facebook, etc.).
100 community members (Discord, Telegram, etc.).
In 6 months:
MVP Web Beta Available.
100 Beta Testers.
3,000 Social Media Followers (Twitter, Facebook, etc.).
300 community members (Discord, Telegram, etc.).
In 12 months:
Web and Mobile Apps Available.
1,000 Registered Users.
10,000 Social Media Followers (Twitter, Facebook, etc.).
1,000 community members (Discord, Telegram, etc.).
At least one partnership or investment from within the sports betting industry.
Use of Funds
Funding necessary to get to MVP launch in addition to the POV system.
Ask - $67,000
Design - $6000
Backend - $18000
Frontend - $12000
DevOps - $6000
Infrastructure Services - $5000
Data Services - $8000
Marketing - $6000
Legal - $6000