I would have listed many attempts at gambling on the blockchain in recent times which have failed woefully, or say suddenly gone cold for undisclosed reasons or probably for really no good reasons at all. I am in shock as to why the fail rate is that high but then again it's beyond the scope of this article, time and space constraints me also. Today I write on Orbit, Join the Discord group here
It's quite an interactive group with active support by the team, a very rare working relationship we can find today around businesses most especially businesses that have got to do with the blockchain technology. In the discord channel you can clearly see how the team responds to users need and welcome users with feeling of warmth and pleasantness not found in the cold world of gambling.
About Orbit
Orbit will change peer-to-peer gaming forever, by allowing users to choose their own odds and bet against each other through smart contracts, with no limits at all. No system manipulations of any kind by either support or admin of the blockchain. Since it's going to operate on a open ledger, transparency is very much guaranteed as well as security of funds.
There is never anytime the house takes the funds of participants; The following are ensured by the team moving forward,
- Peer2Peer - Users are not gambling against the house or any automated system, its against fellow users, the Ethereum built of the Orbit blockchain allows for this.
- User Control - Users are able to control their chances of winning, its really up to users to determine how they win and are always in control of their funds too.
- Limitless - Users are allowed to bet with no-limits on win potential, a limit of 250 amount of participants is adopted in the system for a good measure of participants control.
- Decentralized - Directly interacting with smart contracts built on the Ethereum blockchain with no intermediary
- Fair Play - Users are provided a truly fair chance of winning, no mischievous attempt by the house or hanky panky any time, its the user against other users.
How does it work?
Orbit revolves around the idea of rings. As a user, you can create or join a ring, by committing ETH to the smart contract. Each ring has a buy-in amount set and a maximum number of sectors (player slots) available. When creating a ring, you are able to set these parameters and then commit the ETH for the first sector. When the ring limit is met, the ring spins and a winner is randomly selected. See the typical ring below;
However it should be noted that the Orbit team retains a small fee on each ring which is won (0.5% to 2%) to maintain the platform and grow the community. The unique aspect of the Orbit platform as gambling come alive in the blockchain is the fact that it is the first of its kind in area of limitless winning potentials. In a typical Casino Royal game the game is played with up to seven players and a player/dealer for a total of eight seated positions. The house dealer deals the game. Players must make an Ante wager and pay a collection to be dealt in. In Orbit, players are maximum of 250 which is great hit as per the total amount of potential winning in the pot, with the players sending Eth in the dedicated contract address and the house having no such control on the winning.
Community Rewards
Typical of a new platform growth through referrals remains key, Orbit is taking no chance on that as there are good rewards for users who successfully refer new users into the platform.
Constantly over time the system will go into maintainance, to upgrade and optimize system usage as well as security, since the platform deals with money and sometimes lots of money, the risk of not maintaining is bigger than the risk of going offline for sometime due to maintainance (by risk here I mean, risk of game being paused - however there will be future maintenance announcement made to that effect) Join the Discord Channel so you won't be caught off guard.
As maintenance is carried out so also is product development side by side, in fact there is a planned bug bounty for developers out here who are willing to ensure the platform is ridden off bugs.Planned promotions from time to time is also in the secret bags of the team in a bid to keep players using the platform, time and time again, making the platform rock steady and solidly attractive.A lot to talk about the platform and a lot more discussions are on going.
Discussions are ongoing here
Website: https://orbit.bet/
Medium: https://www.medium.com/orbit-hq
Discord: https://discord.gg/Jzfk8Wa
GitHub: https://github.com/orbit-hq/orbit-contracts