Business model

Blockchain social entertaiment.

We build a platform that help people to be able to create new their own betting pool, related to a particular match, with a fixed staking amount for all joiners.

Then, pool 's creator can share it to their friends or community to join. Participants have to stake the same token amount to this pool. When one match completed, winners can claim all tokens from this pool.

For example:

Step 1: Alice created a pool "Home handicaps 1.5" of the match "Argentina - Saudi Arabia" in TingBet website via metamask. The staking amount of this pool is 0.1 BNB.

Step 2: This pool is public in TingBet website, people see it and click to join. Alice can also share this pool to his friends. The more people join this pool, the more TBET reward token Alice can earn.

Step 3: Bob, Carol, Dave join this pool, staking 0.1 BNB to place bet in this pool via Metamask. Bob placed Spain; Carol and Dave placed Costa Rica. Total amount this pool are 0.3 BNB. By placing any bet; Bob, Carol and Dave earn 10 TBET of their pool participating.

Step 4: When the match ends, the result automatically updated to blockchain. At that time, Bob can claim all amount in this pool 0.3 BNB (exclude TingBet fee - of course, insignificant)

Step 5: When the pool completed, Alice will earn 3 TBET as a reward for his pool creation.