You know how they say, “The House always wins?” That’s because bookkeepers bet on a sure thing: fees. Bettors win and lose, but steady fees provide a reliable income.As much as people may enjoy the thrill of betting, it sounds kinda nice to be the House, doesn’t it? Well, Wagerr allows everyone involved to win in two compounding ways.
The most straightforward way to “be the house” is by operating an Oracle Masternode, a network component (or consensus agent) that earns half of Wagerr’s service fees for performing bookkeeping services. Oracle investors collect fees and systematically win, just like traditional bookkeepers.
But there’s a second way that any participant in the Wagerr economy can win, simply by holding Wagerr. That’s accomplished through a mechanism we call, “Value Coupling.”
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Total WGR Destroyed Yearly
Price of Wagerr
Total WGR Minted Yearly
Total USD bet yearly
In general terms, “value coupling” refers to the systematic linkage between the usage of a token with the market value (or price) of that token. In the case of Wagerr, Value Coupling refers specifically to the linkage between the betting volume over the Wagerr network and the price of the Wagerr token (WGR). The Wagerr blockchain achieves this linkage through the destruction of a portion of the betting fees.
Wagerr charges a modest fee for betting services, just like traditional bookkeepers. But unlike mainstream bookkeepers, the Wagerr blockchain systematically destroys almost half of every fee. Since this reduces the coin supply, increased adoption of Wagerr as the sports betting blockchain of choice gradually drives up the market value of Wagerr. What's good for bettors is great for investors; it's a simple matter of supply and demand.
Through this “Value Coupling” mechanism, betting activity over the Wagerr network fuels supply destruction. This deflationary engine drives the value of WGR over time.
And thanks to this powerful engine, anyone who holds WGR potentially benefits from Wagerr’s “house advantage” — meaning that the Wagerr token has great potential to rise in value.
In the Wagerr system, when price declines, deflation accelerates and corrects the price. Here’s how:
Since bettors tend to bet consistent amounts in their local fiat currency (e.g., USD or Euros), when the price of WGR declines, the local currency buys more WGR. So, the user who usually bets $100 USD gets more WGR for $100, and the service fee — a percentage of the bet — is also a proportionally larger number of WGR coins. Since about half that fee is burned, even more WGR are being destroyed when the price of WGR is depressed. This built-in adjustment is like a self-righting mechanism for the economy and it allows WGR to function as a consistent store of value, not merely a token of transient value.
As a result, it’s much safer to hold Wagerr over the long term because even if the price goes down, there’s protection for the holder. The deflationary engine makes Wagerr a great store of value.