The FIFA World Cup is an exciting time for anyone who loves football (aka soccer, if you are an American). If you are someone that likes to bet on sports, the stakes could not possibly be higher, as this competition only happens every four years and the whole world basically stops to watch it.
Thinking about this opportunity, the developers who created Cryptocup decided to create a new game, one in which you could bet on the World Cup games by using the blockchain technology. It uses the Ethereum technology, as most altcoins these days.
How Does Cryptocup Work?
Cryptocup lets you buy tokens and then be able to customize your token with your predictions. What does that mean? It means that your token (which will be ERC-721-based, instead of using the ERC-23 technology, as most altcoins) will be unique because it will contain unique information about your bets. If you have more tokens, you can bet more.
After the World Cup is over, you will receive points from your tokens and they will be able to redeem these points for prizes. The tokens will be impossible to be replicated due to the ERC-721 technology, tradable and transferable, unalterable because only smart contracts will be used to basically forge the predictions on the token.
The smart contract used in Cryptocup has been audited by Coinfabrik. This company is specialized in blockchain software and vouches for the quality of the smart contracts that will be used to stamp the results on the coins.
If you win the bets alone, you will receive more points, while if many people predict the results, the points will be shared between all these people.
To know exactly how the rules of the game work and how many points you can get, you have to visit the company’s site and read their White Paper for specific information. The prizes will be distributed during July 23, after the World Cup has already ended. You can sell your tokens anytime that you want but a 5% commission will be charged by the company.
How Play Cryptocup?
To be able to play Cryptocup, you need a few requirements first. You have to use either Chrome or Firefox (sorry, Internet Explorer and Opera users) and install the Metamask app. After that, you have to get Ethereum and buy the tokens to participate.
Basically, you have to send ETH to buy “tickets”. These tickets will have your bets for the result of each game and their price will vary because they will be more and more expensive with time. The sale will start on March 10 and the price will increase weekly, going from 0.08 ETH (week 1) to 0.27 ETH (last week) per token.
The Cryptocup Verdict
If you are hyped about the FIFA World Cup and you are willing to bet, then it can be a great idea to invest in Cryptocup. These tokens are far from a long-term investment and more like some kind of game that you can play, cash out and stop to play, so bear that in mind while investing in this company.