The world loves football (or soccer) and crypto companies won’t let the craze expire without tapping into it. Fans can now make predictions and place bets on a blockchain-based platform with a prize fund in cryptocurrency. Unfortunately, not only legitimate businesses, but also scammers have been trying to take advantage of the emotions surrounding the biggest sporting event on the planet. Check the details in today’s Bitcoin in Brief and read to the end if you want to know why football is good for Telegram, too.
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Predictions and Bets on the Blockchain-Based Cryptocup
The FIFA World Cup is underway in Russia and crypto businesses are trying to make a buck on the back of the championship that captivates billions. Cryptocup is a blockchain-based game that allows football fans to make predictions and even bet on the matches. The team behind the project has even announced a prize fund of 28 ether.
Cryptocup is a platform based on the Ethereum blockchain and is reportedly among the first Dapps, or decentralized applications, letting users create their own ERC 721 tokens to represent the soccer teams which, in their opinion, would climb to the top of the 2018 World Cup final ranking.
Gamers can log into the Cryptocup system with Metamask to create their own tokens, or golden tickets, used to make predictions for the 64 games of the championship, the Russian crypto outlet Bit Novosti reported, quoting Forbes. Players must set a value for each of their tokens which they can trade among each other. The game also features an express mode in which they can bet only on the top four football teams.
