We’ve all heard of sports betting, some of us are even considered experts in the matter because of all the money we’ve lost. But with the momentum at which technology moves, it is only right that a shift in this flawed system occurs. The shift in the way sports lovers accentuate their love for their team is not in the creation of new traditional betting platforms but in the development of something new, user-friendly, and user-serving.
Scorefam calls it “sports staking.”
Sports staking with the Locked Gaming feature to us is bulletproof betting because your assets are safe and secure even when you make a wrong prediction. Staking on sports matches in the 21st century shouldn’t be one-sided like win or lose. There are systems in place that insures you from the uncertainty of betting. Your finances and assets should be set up for consistent progressive growth.
I’m talking about the buzzword “Cryptocurrency.” We all know what this is and if we don’t, here’s a quick recap: Cryptocurrency, as it relates to us, is any form of currency that exists digitally. They don’t have an issuing or centralized authority, instead, they use a decentralized system to record transactions and issue new units. Cryptocurrencies are split into coins and Tokens. While crypto coins are essentially digital versions of money, tokens can stand for assets or deeds. You can buy tokens with coins, but some tokens can carry more value than any of them.
Scorefam makes its own in-app token called the $SFT. It allows you to make transactions on the platform and is Scorefam’s unit for staking and earning. To own SFT you first have to purchase it and register on the platform. But before you do that, understand the concept of staking and how we flipped the script to make it even more enjoyable and profitable.
What is Staking and how did we evolve it?
In simple terms, Staking cryptocurrencies is a process that involves committing your crypto assets to support a blockchain network and confirm transactions. Staking can be very lucrative because potential yields can skyrocket for a number of reasons. Here’s how we flipped it. Instead of committing your crypto assets to a blockchain network, you’ll be supporting your favorite football club. With one of Scorefam’s features “Locked Gaming,” you can stake on matches with the calculated odds margin and wait for the outcome. Now here’s the kicker, your stake serves as an investment that has a WPY (weekly percentage yield) of 20% when you hold it in addition to your calculated potential win from the stake.
This means you get 100% of your win and an additional 20% weekly when you hold with us. Honestly, betting on your favorite team shouldn’t leave you heartbroken when you make a wrong prediction. It doesn’t mean you are bad at betting or your team sucks. Traditional betting is designed to win 99% of the time and even when you do manage to win, you soon realize that the profit pales in comparison to the truckload you spent chasing that dream. Also, the traditional betting platform and designed with too many options. Win or draw, correct score, over 4, etc. all these are designed to hit you with overchoice.
“Overchoice is a cognitive impairment in which people have a difficult time making a decision when faced with many options. The phenomenon of overchoice occurs when many equivalent choices are available. Making a decision becomes overwhelming due to the many potential outcomes and risks that may result from making the wrong choice.”
When faced with overchoice, it’s fight or flight, and if you’re lucky, you win. If not, then it’s a crashlanding in a pool of pain. We fixed that. With Locked Gaming, you’re faced with 3 choices – Win, lose or draw. Here we completely eliminate the difficulty of having too many options and make decisions much more streamlined for you. This is the epitome of playing and earning.
Our Evolution of P2E
You may be wondering, for something as novel as the P2E industry, how is it already evolved. Here’s an explanation of what it means to play and earn. In basic terms, it means earning from playing crypto games. This is because these games use the blockchain technology of cryptocurrencies to allow people to receive payments from their gameplay. Naturally, when you hear the words you instantly think of your high-octane video games with guilds and scholars and all that. But play to earn is expansive in its forms.
From Apex Legends to Scorefam, as long as you participate you earn! And as the game increases in recognition, users, and monetary value, you do your earnings as they translate to actual income. Scorefam has evolved the industry in terms of the innovative style it brings. Users who value a more reserved but calculative and predictive model will find Scorefam a solace for passive income.
In any P2E game, the more you play the more you earn. No, if, and, or buts about it. The same goes for Scorefam. With the lossless model implemented, users can rest assured that their assets are safe, secure, and will scale. Locked Gaming is truly the evolution of staking that connects with a particular kind of bettor. As we continue to grow, we’ll roll out the Multiflex and Flexible Gaming features. Read more about them here.