Key Features of WakandaBets 

• Chiliz Chain Integration: The platform operates on Chiliz Chain, a Layer-1 blockchain specifically designed for sports and entertainment applications. This means that users can place bets using CHZ tokens, Chiliz’s native cryptocurrency, bringing the benefits of blockchain technology – such as lower transaction fees and faster processing times – to the world of sports betting.

• Azuro Protocol’s Liquidity Layer: By leveraging Azuro’s infrastructure, WakandaBets ensures an efficient, scalable betting experience without the need for upfront liquidity. This infrastructure powers over 25 decentralized apps, enabling WakandaBets to operate with reduced operational costs while focusing on user engagement.

• Mobile-First Design: One of the standout features is WakandaBets’ mobile-first progressive web app (PWA). The PWA doesn’t require downloads via app stores, making it accessible to a broader audience. The interface is intuitive, designed for a seamless mobile experience, and provides one-click sign-up with no Know Your Customer (KYC) requirements. Simply connect your Web3 wallet, and you’re ready to bet.

• Broad Range of Sports: Users can place bets on various sports, including football, basketball, tennis, MMA, and even esports events like Counter-Strike 2. This broad coverage appeals to both traditional sports fans and the newer generation of esports enthusiasts.

How to Use WakandaBets 

Use your mobile to access the app: https://app.wakanda.bet/events

First add the app to your Home Screen.

Connect your web3 wallet. 

If you don’t have the Chiliz chain added to your MetaMask, simply add as a custom network.

Once your wallet is connected and switched to the appropriate network, you can proceed to fund the wallet with the Chiliz native ecosystem token $CHZ which is used for transaction fees and converted to wrapped CHZ (wCHZ) used for wagering on WakandaBets.

The easiest way to fund is to purchase some CHZ on a major crypto exchange such as Gate.io and sending the $CHZ to the WakandaBets wallet.

Now that we have some funds, we can proceed to place bets but first, we have to convert $CHZ to $wCHZ.

Confirm the transaction and pay the gas fee. 

You can select from a range of different markets including Basketball, Baseball, Football, Cricket, Boxing and so much more. 

In this demonstration, we’ll bet on a boxing match. 

Choose the event and outcome.

Confirm and pay the gas fee. 

Once your bets are placed, you can easily track them in your Bet History.

You can also view your transaction info such as event name, teams, bets placed, results, transaction hash, payout status, etc.

Advantages of Using WakandaBets 

• Non-Custodial, Decentralized Setup: WakandaBets is fully non-custodial, meaning that users retain full control of their funds at all times. This model eliminates the need for middlemen, making the betting process more transparent and secure. There’s no risk of platform-held funds being mishandled, and users can bet directly from their web3 wallets.
• Secure & Transparent: Built on the back of Chiliz’s Proof of Staked Authority (PoSA) consensus mechanism, WakandaBets guarantees faster block times and lower fees while maintaining security. This mechanism is known for its energy efficiency and enhanced governance, benefiting users with a smooth and cost-effective betting experience.
• No Hassle with Deposits or Withdrawals: Traditional betting platforms often require users to deposit funds into an in-app wallet, adding unnecessary friction. WakandaBets eliminates this hurdle by allowing users to place bets directly from their connected wallets without needing to move funds in and out. Redeeming your winning is easy and straightforward.

The Future of Smart Contract Betting 

WakandaBets, with its powerful blend of blockchain security, mobile-first accessibility, and seamless betting processes, is set to capture the attention of modern sports bettors. The backing of industry giants like Azuro and Chiliz only strengthens its position in the market. For anyone looking to experience the future of sports betting in a decentralized, secure, and user-friendly way, WakandaBets is a platform to watch closely.