Wagerr (WGR) was initially developed as a token on Waves platform. Wagerr launched their own main net (Direct chain) on September 15, 2018. Wagerr (WGR) is now a coin used for paying transaction fees and other financial settlements on the blockchain. Not to be confused with Wager Game Token (WGT) which is an ERC-20 Ehtereum based token. Wagerr (WGR) is a decentralized single service blockchain for trustless sports betting accessible to the entire world. Wagger uses Application Specific SmartShow more [+] Contracts, which are a rigid class of contracts, allows the parties to access them if proven to be secure and resolvable. The standard proof of stake consensus mechanism is used to confirm block transactions. The second layer consists of Oracle master nodes which are operated on a dedicated hardware server.
The minimum requirements to be an Oracle master node are that the server must hold 25,000 WGR tokens over a 30 days period, Uptime 99% and high bandwidth to accommodate the network load.
Wagerr solves the problem of excessive fees taken by escrow services and third parties during betting. Wagerr offers three types of betting i.e. Peer to peer betting, Multi-user betting, and peerless direct chain betting. Winning the bet generates WGR coins on the network and losing a bet destroys the WGR coins. Wagger also incentivizes the bettors to hold, use and acquire the WGR tokens. Wagerr has a mechanism for resolving the payout disputes.
Wagerr was founded by David Mah, a doctor by profession, but has an extensive experience in IT solutions. He is also the director of Hydratech Solutions Austrailia. The team consists of Jason Tauriello-director of operations, Robert Christensen-lead developers and 5 other members including two advisors.