Winerz is a blockchain technology that introduces skill-based betting mechanics to competitive games. By utilizing a token-based economy, the platform rewards players who emerge victorious in skill-based games against other opponents. This web-based solution allows players to place bets and submit their battle results to compete for the prize pool. The main currency within the Winerz ecosystem is the $WNZ token, which serves as a means of value transfer. This is driven by three key aspects:
1. Head-to-Head platform: This technology facilitates one-on-one matches in traditional head-to-head games through an online platform.
2. Staking & Rewards: Participants who choose to lock their $WNZ tokens in staking are incentivized with rewards from the staking reserve. This arrangement not only benefits the participants but also provides much-needed liquidity to the DEX pool.
3. NFT Marketplace: Users have the opportunity to trade and collect Winerz NFTs, which offer additional bonus payouts within the Winerz ecosystem. The $WNZ token finds utility in various functions, including:
- Paying entry fees (bets) for players
- Buying and selling Winerz NFTs
- Rewarding players for their victories (play-to-earn)
- Participating in platform profit sharing
- Engaging in staking activities to earn additional $WNZ tokens.
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