Phase 1: Initial Launch

Phase 1: Initial Launch

Objective: Establish a secure and functional base for the BetBTC platform, integrating Rune technology for unique digital asset identification and incentivizing early users through strategic airdrops.

Here are the Key Activities in Phase 1:

Market Creation

• Curated Markets by BetBTC Team: Initially, all markets on BetBTC will be created and managed by the platform's team. This control allows for:

  • Ensuring market integrity and stability.

  • Testing various market structures and dynamics.

  • Fine-tuning the market creation process based on real-user interactions.

Betting Mechanism

• Use of ckBTC for Transactions: Participants will place bets using ckBTC, which ensures that all transactions are processed within the secure framework of the blockchain.

• Outcome-Based Payouts: Payouts are directly tied to the outcomes of the events. The accuracy of these payouts is critical and will be closely monitored to guarantee fairness and transparency.

Runes Token Integration

• Airdrop to Engage Early Users: Introduction of Runes tokens through an airdrop to reward early adopters

• Governance and Voting Rights: Runes holders may also participate in the governance of the platform. This includes voting on various proposals related to platform updates, feature enhancements, and policy changes, promoting a decentralized governance structure that aligns with the ethos of blockchain technology.

Phase 1.5: Introduce "Blinks" (Coming Soon)

Objective: To enhance the platform's interactivity and engagement by allowing betting integration on existing platforms.

• Platform Integration: Implement "Blinks", a feature that allows seamless betting directly on platforms like X, potentially referring to a social media or another third-party platform.

• User Experience: Aim to enhance user experience and engagement by making the betting process more integrated and less intrusive, encouraging frequent use and interaction.