What is Hero?
HERO radically changes todays centralized way of online betting. The token enables you to join or create games on the ethereum blockchain.
The design of HERO enforces active and passive income streams for all participants in the ecosystem. This transparent and decentralized way of betting breaks the traditional "the house always wins" paradigm.
ABOUT HEROSPHERE
Since starting our project in 2014 – née ‘thesocialbet – bet friends. not bookies’ – we’ve
pursued the objective to change the nature of online betting. The original and inherent
social character of a bet is lost when it comes to online betting. With online betting providers
a sports fan is set up against a professional: the bookmaker. Our aim is to cut out the
middleman and provide a system that enables users to challenge other sports enthusiasts
head to head, without the interference of bookmakers.
In July 2016 we‘ve rebranded our project to herosphere.gg (‘herosphere’) solely focusing
on prediction games for esports. So far over 200,000 users registered on herosphere and
more than 1,000 users stream in every day. herosphere provides the possibility for esports
enthusiasts all over the world to compete against the community or their friends and prove
their knowledge about professional esports games.
With a passionate team and lead investors from the payment and online entertainment
sector behind herosphere, we are ready to take our platform and the online betting community
to the next level by introducing our cryptocurrency: HERO (PLAY).
The mission of HERO is as simple as it is powerful: establishing a new level of trust, transparency
and security, yet unknown in the world of online betting
ABSTRACT
At herosphere.gg we love gaming. Our team consists of (e)sports enthusiasts, that‘s why
we enjoy com-peting and challenging like-minded people. Therefore, we developed an
innovative betting platform for esports events.
Nowadays, sports betting has a bad reputation. One reason for the bad reputation is the
existence of fraudulent providers. Another one is that bookmakers operate on high margins,
taking money out of the users’ pockets. Their revenue stream is their users’ loss. For
more than 15 years the system of online betting has not changed and the market suffers
from a lack of innovation. A high amount of untrustworthy and off-shore providers has lowered
the trust of people in the current betting market. It is never completely guaranteed
that users receive their winnings. All these problems have one common ground—centralization.
Centralized systems create excessive risks for users like exploitation of user
data, prohibitive legal regulations, vulnerability to manipulation and denial of withdrawals.
That is where the blockchain and the HERO (‘PLAY’) come into place. HERO´s solution is
a decentralized betting system that will bring transparency and trustless betting to all
sports fans around the world. HERO is designed as a decentralized ERC20 token on the
Ethereum blockchain, which supports point-based pooling systems. Different to today’s
online betting, HERO creates a fully transparent network, allowing a natural expansion by
its own community. Single users can become providers and are rewarded for their effort
in HERO. On top of that, all HERO holders will receive a general reward of every pot that is
played. A win-win situation. The smart contracts of HERO are designed to not only enable
decentralized betting, but to manage whole contests without a middleman. With HERO,
there is no need of bookmakers anymore.
The first use case of a HERO-implementation will be herosphere, but HERO is intended to
far beyond our own platform. It is designed so any existing provider can implement HERO
and emerging providers can build their systems on the HERO network and community. In
addition to the fact that this system creates new revenue streams for everyone in the community
and helps to grow the network, it enables also a natural increase in the value of
HERO due to its limited supply. There is a reason why betting persisted throughout societies
for hundreds of years—it is a lot of fun! WE bring it to the next level with HERO.
official platform: https://www.herocoin.io/