Wallfair — The Ultimate Social Speculation Experience
Introduction
Sports, music and games have been the main leisure activities in every society around the world. In addition, a fan rooting for a favorite team, player or singer has rallied different people in a collective call. Attending live events has fostered massive social interaction and general excitement in many societies. In our current decade, live streaming has taken a significant place in the online entertainment industry. Viewers can watch and reflect on live content from the comfort of their home, communicating through audio chats and messaging platforms. We’re getting closer to a lucrative virtual reality in the next decade or two, leaving no time to waste.
Betting has a long history over the centuries, giving viewers the opportunity to interact with each other about the outcome of events. The combination of risk, reward, and predicting desired outcomes has provided a beneficial release of adrenaline and dopamine for human pleasure receptors. Is there a better way to revolutionize this perennial pastime than cryptocurrency and the blockchain industry? The answer is no!
We present Wallfair, a social events platform that takes betting and speculation to a higher level. The interface allows users to create, speculate, trade and profit from live streaming results in a decentralized creative economy, bringing together an engaging environment for audiences and content creators.
Based on the Ethereum virtual machine, Wallfair is an interoperable Ethereum smart contract system that allows important centralized implementations to operate in a decentralized and transparent manner on the Polygon (formerly MATIC) network. Wallfair also maintains an automated market creation engine that provides liquidity to selected speculative markets, reducing slippage and allowing new markets to trade efficiently.
Content creators using Wallfair will create immersive interactions for their subscribers that turn viewers into active participants. Plus, content creators will get more revenue from collecting interest commissions earned from their audience trading.
Wallfair’s goal is to make organizing live events as convenient as possible with a quick dive into the platform. Viewers of live broadcasts and events can exchange bets, and players and creators can choose the rules and procedures for the event and outcome.
WFAIR, the platform’s own token, will provide liquidity and act as the digital currency used to create events, participate and settle. Holders of WFAIR tokens can also participate in the DAO governance model to vote on new and existing improvement proposals. Finally, the creators will provide NFTs that give access to limited events, personalized avatars, and personalized privileges to their audience and owners.
Transparency and excitement return to speculation through Wallfair.
Challenges in the current industry
The growth of the content creator economy has created a new environment in which companies create many tools to produce content but lack a good incentive model for content creators due to the limitations and outdated models on these platforms. As such, content creators have a hard time waking up to the full potential income from their streams.
The live streaming and content creation industry grew 99% from 2019 to 2020, which proves significant growth and potential. YouTube and Twitch dominate the live streaming scene, and the industry could generate over $ 200 billion in the next couple of years. Content creators have noticed tremendous growth in the way they engage with their followers, capitalizing on their followers to generate income.
However, most of this income comes from promotions, brand deals, and tips. The speculation market offers great earning potential, but is currently limited by centralization, regulation, and old models that cannot keep up with younger interested audiences.
Challenges with current speculation platforms
Traditional platforms offering speculative betting and social trading currently require high fees, have limited social participation and discussion, and operate with bias. Current crypto platforms also offer terrible user experiences, lack community incentives, and lack sufficient liquidity.
Wallfair believes the industry requires three developments to take social commerce to the top: democratization, simplification, and immersive entertainment.
Democratizing Wallfair will provide creators, players and traders with a fair system and constitutional communities through a decentralized and deregulated platform. With a simplified user interface, the intricacies of blockchain networks are hidden behind a sleek and simple interface that is easy to use from a smartphone.
Plus, immersive entertainment provides unrivaled fun and competition for users. With these key ideas in mind, Wallfair has created the ideal trading platform for social events with the interests of creator users in mind.
Wallfair is great for content creators and subscribers:
● Users create live streams of events so audiences can instantly microbet, chat, and integrate with Twitch, YouTube, and other streaming sites.
● Simple user interface, registration and hotspot compatible with Web3 wallets.
● Great reward systems and tools for content creators will allow them to monetize their subscribers. Event creators will be ranked based on overall performance, earning higher percentages as they rise in the rankings.
● NFT Marketplace offering Season Passes and Achievement NFTs.
● Mobile platform with platform token utility, gambling license, fast bet duration and event rooms.
● Robust and transparent with democratic governance through DAO creating platform meritocracy.
Key features in the WFAIR token
● To create events as part of the initial liquidity of the events, bets must be placed on WFAIR.
● WFAIR can also be used as collateral for liquidity loans. The platform will charge a percentage fee to the event creator after the event is successful.
● Participants in Wallfair events need WFAIR Tokens to place bets and receive winnings.
● WFAIR can be placed in the platform’s liquidity pools to generate percentage returns based on trading volume.
Conclusion
Wallfair is dynamic and exciting, which will be a great addition to what the blockchain industry is becoming. Their mantra is to create, play and earn. The ability to bet on live events on the jump distance of the motocross motorcycle and whether the first-person shooter commits his second in-game kill within the next 30 seconds will create new excitement for the audience. Instant gratification and rewards from speculation and risky events, live streaming along with active chats will allow users to give their opinion on the outcome of events. WFAIR will be highly utilized as demand for betting, trading, and liquidity staking grows in the Wallfair platform.
Wallfair will also target mass audiences, keep them engaged and motivated with an optimistic and simple mobile-centric platform interface. Key venture capital groups, including Signal Ventures, have already partnered with Wallfair.
A number of select content creators have also joined Wallfair: Game Influencer, HEET, and popular Twitch streamer Niikoletaa. Signal Ventures is proud to be part of the growth and launch of Wallfair, making a great bet that will result in huge rewards.
Twitter: https://twitter.com/joinwallfair
Telegram: https://t.me/wallfairians
Website: https://wallfair.io