jabrik edan: GRAZ - Blockchain Betting Platform

Hello to all the community, this time I will discuss a project that is very waiting by the investors of Graz project.

Graz is a unique platform that allows people around the world to make bets without worrying about winning them. The platform offers users a range of events across multiple domains including betting lines, politics, economics, science, the film industry, etc. where users can make a bet and win money. At the same time, the coefficients are proposed by the person starting the wager, and it makes the platform more profitable and attractive than placing a bet in the betting store on a predetermined coefficient. Therefore, users can propose their own bets or choose the appropriate bet proposed by other users.

Graz will change the 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

Problem
- Coefficient of betting service is not profitable for the customer.
- People can not bet on each other because there is no guarantee to get your profit

Idea
Creating a decentralized platform that allows people to make bets on their own conditions. With smart contract technology, you do not have to worry about your winnings. Graz will change the gambling market.

View
Token costs will continue to increase through increased number of users and increased demand.

Interface and functionality For creating a bet you have to:

1. Find an event you are interested in.

2. Choose a subject of the bet (e.g. Manchester United win).

3. Choose the most suitable offer for you by the amount and the coefficient.

If you have not found an interesting offer for you, you can easily create your own bet.

Graz and Ethereum

Why Ethereum was chosen for Graz?

1. Ethereum blockchain has a technology of smart contracts that serve as independent judges (arbitrators) in every bet and nullify every possible way of deception or fraud. Smart contracts are independent programming algorithms that are impossible to be violated by its owner.

2. Ethereum blockchain gives an opportunity to create your own token for betting, and the key part is that you can place it on different cryptocurrency exchanges.

"Smart contracts solve the problem of intermediary trust between parties to an agreement, whether executing decisions between two parties in a betting contract"

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.