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Quottery

The Quottery betting app launched its IPO on August 30, 2023, marking a major step in the Qubic ecosystem. This event burned 0.725% of the circulating $QUBIC supply. Bet on anything. Anytime. Join the P2P betting revolution—safe, secure, and exciting, with various active bets on key events such as the next US President and college football games. The Quottery app is live, but under continuous development. More features will be introduced soon.

Quottery in a Nutshell​

Quottery allows decentralised betting on a range of events, offering a secure platform powered by smart contracts. Key highlights:

  • Decentralised and Transparent: All bets are executed using self-executing smart contracts, ensuring a fair, trustless betting environment.
  • Scarcity Mechanism: Each bet burns 2% of the total $QUBIC used, further reducing the circulating supply and benefiting $QUBIC holders.
  • First-Mover Advantage: Quottery stands as the first decentralised betting platform in the Qubic ecosystem, though it remains open for future competitors pending Quorum approval.

Current Examples of Active Bets Next US President Bet closes: Nov 4, 2024 Slots taken: 28 3% fee, 2% burning 168,000,000 $QUBIC staked 9-21-24 CFB USC @ Michigan Bet closes: Sept 21, 2024 Slots taken: 3 3% fee, 2% burning 8,816,760 $QUBIC staked Additional college football games include Georgia vs Alabama (Sept 28, 2024), Ole Miss vs LSU (Oct 12, 2024), LSU vs Texas A&M (Oct 26, 2024), Alabama vs LSU (Nov 9, 2024), and Auburn vs Alabama (Nov 30, 2024).

Quottery Fees​

The Quottery platform is sustained through several service fees:

Execution Fee​

This fee is set by Computors and regulated by the Quorum, ensuring secure and fair bet processing.

Betting Service Fee​

A 3% service fee applies to all winning bets, supporting the operation and maintenance of the platform.

Burning Fee​

For every bet, 2% of the total amount staked in $QUBIC is burned, reducing the circulating supply and benefiting the ecosystem.

Asset Transfer Fee​

A fixed $QUBIC fee applies to asset transfers, ensuring minimal friction in moving assets between accounts.

Storage Fees​

Bets and assets on Quottery require storage on the Qubic network. The smart contracts cover storage fees, ensuring users aren’t charged for network maintenance.

Looking Ahead​

As Quottery continues to develop, additional features and betting options will be introduced, enhancing the user experience and ensuring a sustainable, decentralised ecosystem. Future updates will provide even more functionality, aiming to position Quottery as an essential part of the Qubic ecosystem.