Tronbet was the first decentralized application to be deployed in the new, independent Tron main net. Several peculiarities bear mentioning this app. It’s community owned, for a start. Most importantly (and rare) is that it’s fair.
Most betting systems in the world are not fair. No, we’re not saying that betting websites are thieves. They’re not. But they calculate their odds in such a way that winners do not get a return that corresponds to the mathematical probability of winning. The house always offers odds that will allow it to win from 1% to 5% and there’s nothing wrong with that. If the house is not winning something out of every bet (won or lost), then it has no incentive to offer the service to users.
And Tronbet pays you accordingly to the fair mathematical probability, without taking away anything from you so the house can keep going. That in itself is quite extraordinary as online betting or gaming usually is. Also, there are no transaction fees in this app.
An amazing milestone for @TRONbet !!!
Nearly 1 BILLION #TRX volume over last 24 hours😲
And 13 MILLION #TRX dividends in ONE DAY
If you hold 18k ANTE, you'll get 10K #TRX everyday🤑@justinsuntron @TronNews_ @Tronfoundation pic.twitter.com/9ajYwCKxgL— DappReview (@dapp_review) December 13, 2018
It’s being a very successful gaming platform. A couple of days ago, it reached an important milestone by having more than a billion Tronix coins in volume in less than a day.
The community is exceedingly happy about the app because it works and it’s allowing it to earn new coins and having some fun at the same time. It has 2,213 users according to the app’s leadership’s last tweet.
This also shows how optimistic and bullish the Tron community remains about the token’s value, even as the market keeps its price down. The betting app’s volume has been growing exponentially since it came online and it’s gathering more and more interest from the Tron community as well as the crypto community as a whole.
The game is as simple as it is addictive. You just pick an interval from 0 to 99. Then the app will calculate for you the probabilities and odds that a random number will result in a win for you. You place your bet, you roll it, and you find out what happened. Bets are placed in Tron’s native currency (Tronix, TRX), and they are also paid in the said currency.
As Tron aims to decentralize the whole web by means of blockchain technology, the popularity it’s achieved in the community is quite relevant. Tron is now the biggest decentralized network in the world because it includes BitTorrent now. The full integration between Tron and BitTorrent (called Project Atlas) has not been finished in full, but imagine what could happen when it’s finally done.
BitTorrent has about a hundred million users scattered all over the world and, when Project Atlas does its job, each and every one of those users could become a member in the Tron community and also a player of Tronbet. In this context, the gaming app would not be reaching for the sky but the galaxy.
This kind of achievement shows why Tron has been able to keep moving forward even as the market keeps shrinking. Over the last couple of weeks, it’s beaten Cardano and Monero to become the world’s tenth most capitalized cryptocurrency.
Image courtesy of Pixabay.