Graz: Blockchain betting platform


http://graz-ico.com/

Product description

Graz is a unique platform that makes it possible for people all around the globe to make wagers without worrying about getting their winnings. The platform offers users a set of various events in different domains including betting lines, politics, economics, science, film industry etc., within which users can make bets and win money. At the same time the coefficient is proposed by the one who initiates the bet, and that makes the platform more advantageous and interesting than placing bets in betting stores on predefined coefficients. Therefore, users can propose either their own wagers or choose appropriate wagers proposed by other users.


Graz will change usual conception of bets taking it to a new level. Many people dreamed of such a platform, and now thanks to blockchain and smart contract technologies it can be qualitatively implemented. Graz has a number of advantages over competitors :

  • Clear and simple scheme of operations
  • Completely decentralized structure. Direct interaction between users
  • making bets with each other.
  • No risk of non-payment due to smart contracts
  • Low fees ( 1% of winnings )
  • Broad range of events within which you can propose any bet with
  • higher coefficients

  • No Mediator

A truly decentralized structure. The block structure makes it easy for users to interact directly with using smartcontracts.
  • No limits

Various events. Users can choose various events to bet and set their own coefficients.
  • There is no shortage
Graz charges a small operational cost compared to the betting service - 1% of the winning GRZ coins.

Market analysis

Global online gambling market is growing very fast among many other global industries. For the period 2010-2016 the amount of gross profit of companies operating in this field increased by 16.6 bn euro, and the average growth rate was 9.5%. During the outlook period such tendency will hold, and it is expected that by 2020 the market size will have increased by additional 13.2 bn euro, and the average growth rate will be 7.5%. Therefore, it is clear that the market is growing rapidly and, naturally, emergence of new players is fairly reasonable

Figure 1. The global online gambling market growth rate in 2011- 2020, bn euro


  • All bets in Graz are only made in grazcoins ( GRZ )
  • The number of tokens is limited, therefore their prices rise along with the increase in demand
  • Most of the funds raised will be used for marketing and new user engagement, so GRZ demand will only increase
  • We plan to attract up to 4 million active users by the end of 2020.
Almost the half of the online gambling market (49,2%) is formed by the online betting market which amounts to about 19.2 bn euro according to the data for 2016 Wherein, on the offline market betting is in only fourth place.

For the majority of large betting services going online is the main development strategy. The situation on the offline market is already highly competitive, but the Internet still has unoccupied niches, especially on the markets in development. The main growth factor of the online segment is high-technology development. New devices and technologies are getting more people involved into “online” than any of the marketing campaigns of bookies. Furthermore, high interest to different gadgets and emergence of innovative gambling services make it easier for betting stores to attract more young people that are more likely to make a bet with their smartphone other than visit a gambling place.

Figure 2. The global online gambling market gross profit distribution among segments


The bulk of gross profit from online betting is accounted for by : 
  • Asia and the Middle East - 46%
  • Europe is in second place with 35%.
Online betting are intended to broaden coverage of users and make it possible to accept bets from any part of the world. However, supervisory authorities of some countries, e.g. the Russian Federation, restrict access to foreign betting services for their own reasons. Blockchain technology can solve such issues. It should be noted that Graz is not a betting store. 

Graz is a platform for making bets between users from different corners of the planet, which guarantees the payment of the winnings. With regard to that it is necessary that the marketing campaign should be targeting the biggest markets that is Asia, Europe and USA. These markets are the most prepared ones for introducing new technologies.

Figure 3. Distribution of gross profit from online betting among world regions in 2016, bn euro


Figure 4 is quite relative as the amount of bets on a specific sport depends on the seasonality which is characterized by large tournaments. But, regardless of that, football is clearly the leader on the betting market. Besides standard sports betting lines, Graz offers its users to bet on major events in the field of politics, economics, science and other interesting world news. In addition, it will be possible for users to make bets on cybersport events. This fact allows to enlarge the target audiences and attract new users who are not interested in sports bets. Many betting services do not accept bets on certain events because of a high risk to themselves. In Graz users themselves propose the subject of a bet ( within a particular event ) and set the coefficient, which is a big advantage over typical betting stores.

Figure 4. Top 5 sports by the amount of betting


According to the results of the online gambling market analysis, it can be clearly said that the market is growing and will keep up the same pace the next few years. It has to be noted that the emergence of the online segment and mobile applications has a great influence on the industry ( especially it concerns the online betting market ).

Even though Graz is not a betting store, positive dynamics of the market will have a positive impact on the development of the platform. Furthermore, we are sure that we will manage to attract also neutral audiences that like to bet but has no gambling experience.

The key factors when choosing a betting store are :
  • the credibility of the organization and guaranteed payment
  • betting odds
  • coverage of events
  • fee of the winnings.

By all abovementioned accounts Graz has a great advantage, allowing us to quickly capture the necessary audience.

Figure 5. The share of mobile platforms on the online gambling market


GRZ Token
  • 100 million grazcoins ( GRZ ) according to the ERC20 token standart will be created using the Ethereum blockchain.
  • 1 200 GRZ = 1 ETH* ( 1GRZ ≈ 1USD )
  • Minimum amount of 30% of the tokens will be held by the project team.
  • No more than 0.1% of all tokens will be allocated to Bounty campaign.
  • During the pre-ICO maximum amount of 3 mln tokens will be offered.
  • During the ICO 82 mln tokens will be offered.
  • Unsold tokens will remain with the project team and, if necessary, will be offered at the stock exchange further.
  • Soft cap = 7 mln GRZ ( ≈5 mln USD ).
  • Hard cap = 85 mln GRZ ( ≈60 млн USD ).
  • Upon completion of the ICO we are planning to transfer the tokens to the main cryptocurrency
  • exchanges in order for our users to buy them freely and make bets.
  • Token redemption is not expected. Either is burning or additional emission. We expect the price of grazcoin to be rising constantly without any kind of artificial manipulation.
  • Tokens are not securities, they do not grant the right to vote or the right to receive a part of the company’s profit.
Figure 10. GRZ tokens distribution


Pre ICO and ICO



ROADMAP


All bets in Graz are made only in grazcoins ( GRZ ). Therefore, to take part in any bet on the platform the user must have an Ethereum wallet and grazcoins that can be bought during ICO or on a cryptocurrency exchange. Such bets imply that there can only be one winner so some users will always have to buy tokens additionally on an exchange, which will create a stable demand for grazcoins. Furthermore, most of the collected funds will be spent on marketing and involvement of new users that will have to buy grazcoins. That is why, the long-term demand for grazcoins will only grow. Based on the statistics and performance of the world’s biggest betting services, we are planning to attract up to 4 million active users by the end of 2020.

Projection of user number growth, million users



The project team



ADVISORS


for detailed information you can also visit our website address below so from me and thank you :

Author Article : xiomynote04
BitcoinTalk : https://bitcointalk.org/index.php?action=profile;u=11486971
ETH : 0x6Aa76052521184f5a3adcfD24BaB274b0D811A86

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