Blockchain and cryptocurrency are technologies that have paved the way for the creation of different innovative solutions. These solutions span different industries and sectors, and they are causing disruptions to the tech space, including the gaming and betting industry. A decentralized platform called Chipz is launching a sports betting platform that offers a first-of-its-kind privacy-oriented infrastructure.
In the emerging digital economy, online betting markets continue to scale. Despite it offering lucrative opportunities, it has its shortcomings as well. One of them is the privacy of the bettor’s data. Privacy is a big deal, especially where the exchange of money is involved. We continue to see different scenarios where data breaches cost companies significant losses on a year-over-year basis.
Here Comes Chipz
Online betting is a massive business, but privacy may be a flaw for most online betting platforms. To enhance privacy in online betting, Chipz is coming out with a solution that will revolutionize the experience within the betting community.
— Chipzio (@MyChipzio) July 10, 2021
According to the founders, the platform will enable users to function as independent bookmakers; betting will be performed the traditional way, but with a system that is privacy-oriented.
It is important to note that Chipz is a web-based system where gamblers can engage in betting activities across different sporting events. Betting is performed with the CHPZ token. CHPZ is an ERC-20 token, and that means flexibility in its utility and exchange.
Another interesting part of Chipz is the introduction of smart contracts that will be used to facilitate the payment of fees when betting. Smart contracts make the process faster and transparent, hence, the user does not have to worry about the possibility of foul play or hidden charges.
Chipz seeks to make online betting more safe, secure, private, fast, and transparent for the users of the platform. Furthermore, adopters of the platform will not have to pay exorbitant fees to create books. However, it is important to note that betting amounts and gas fees will be paid. It is also important to note that your non-custodial wallet will be linked to the platform to facilitate seamless transactions.
There are two major players behind the Chipz idea, and these two people have garnered experience from different sectors and industries. They are working together to bring an amazing solution to fruition.
Josh Thompson and Joshua Joab Garza are the brains behind the Chipz platform, and they have contributed immensely to the technology space through their inputs and innovations in other projects.
Josh has been a major player from his time as CEO of Climax Jeans, through Climax Comfort, and up to the renewable energy company Climax Solar.
Joshua started as a UX designer and Information Architect and he has contributed his skills, talents, and knowledge to different tech companies including Gif.games, Outerslant Media, etc. Furthermore, he is the creator of the popular NFT game, Tezotopia, a Defi platform that is in the form of a game and created on the Tezos blockchain.
The presale of the CHPZ token began in June, and some CHPZ tokens will also get listed on Uniswap on August 6, 2021. You can get your CHPZ tokens from https://app.bounce.finance.
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