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SpicyBets

SpicyBets is the hottest betting platform for sporting Fans!

SpicyBets

Created At

ETHGlobal Istanbul

Winner of

Chiliz - Pool Prize

Prize Pool

Arbitrum - Pool Prize

Prize Pool

Worldcoin - Pool Prize

Prize Pool

Project Description

Introducing SpicyBets – a groundbreaking betting platform designed to engage sporting enthusiasts and empower them to contribute to charitable causes. Our platform brings together the thrill of match predictions, the excitement of a lottery game, and the fulfillment of supporting both your favorite football club and environmental sustainability.

Key Features:

Predict and Win: Users with fan tokens of football clubs like Barcelona, Arsenal, and more can leverage their loyalty by predicting the outcomes of their favorite team's future matches. Successful predictions earn users rewards, providing an immersive and rewarding experience for fans.

Lottery Game: Once users make their predictions, they have the opportunity to participate in a lottery game, where they stand a chance to double their rewards. The lottery game adds an element of unpredictability, enhancing the excitement for users as they await the results.

Transparency and Security: The platform ensures transparency in lottery results and charity fund allocation, utilizing blockchain technology to secure transactions and maintain the integrity of the betting and donation processes.

Community Engagement: Foster a sense of community among sporting fans by providing a shared platform for predictions, discussions, and collaborative efforts towards charitable goals.

Charity Donations: Every user has the option to contribute a portion of their fan tokens to a charitable cause. By supporting charities, users not only express their dedication to their football club but also make a positive impact on the environment by contributing to tree planting initiatives.

How it's Made

Gated access:

  1. Token Gated access: By fetching data from the Chilliz API a list of tokens can be displayed that give the holder access to the unique fan token page. The forwarding process changes the URL but also entails a security mechanism that checks for the availability of that specific fan token again.
  2. WolrdID verification: A server based orb approach was chosen for the verification process. Only users above the age of 18 can verify their iris via the orb, which would align with the betting property of this betting platform. Further, another security aspect was added to this backend approach. A timestamping mechanism was introduced that is verified in the backend to prevent replay attacks from happening.

Interaction opportunities:

  1. Betting on future football games
  2. Flipping a coin to win additional money
  3. Tree-planting-donation interface

Seamless interaction:

  1. Placing multiple bets offloads the burden to verify every single betting interaction.
  2. Backend paymaster: A paymaster was implemented to pay for the random number oracle generator with gasless fees.

Donations: Self designed Nouns were produced to match the intention of planting trees. A smart contract will be paid that is directly linked to funding the tree planting process.

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