Growing up I and my close pals do engage in lots of gaming activities of which sometimes we try to make it more fun by staking something significant, of course, we had no money, so things like our lunch during school days was quite valuable. We mostly play cards once someone has the smallest figure once the game ends emerges as the winner. As time when by everyone drifted to different direction thus the end of our little gambling section. All these thoughts were triggered as I was reading about Orbit platform as the manner at which the platform operates reminded me of what I and my pals had going on when I was but a boy. One will ask what Orbit is all about.
Orbit is the first no limits peer-to-peer gambling dApp; it'll be built on Ethereum which offers a unique experience through smart contracts with no central controlling entity. The team brings a different approach to the gambling industry, on their platform, there is no house or bankroll, there are no limits on the size of the prize money which can be won exciting yeah? I'm sure I've got your attention, and the question on your mind is how does this platform work.
Orbit revolves around the idea of rings, as a user you can create or join a ring, by staking ETH to the smart contract. Each ring has a buy-in amount set and a maximum number of sectors available. The good thing is you can increase your chances of winning on any ring by simply buying more than once; one player could purchase 75% of a ring, given you a better chance of higher returns. When creating a ring, you'll be able to set these parameters and then commit the ETH for the first sector. When the ring limit is met, the ring spins and a winner is randomly selected. The Orbit team retains a small fee on each ring which is won (0.5% to 2%) to maintain the platform and grow the community.
So in a nutshell Orbit was developed so that players can;
Always gambling peer-to-peer against other people, not the house.
Able to control their chance of winning.
Allowed to bet with no-limits on win potential.
Directly interacting with smart contracts built on the Ethereum blockchain with no intermediary.
Always in control of their funds.
Provided a truly fair chance of winning.
To get the party on the road, Orbit has an ongoing event which will be their first ring and will be for a chance to win 10 ETH! You can know to enroll for this by checking out their social media outlets below.
Website: https://orbit.bet/
Medium: https://www.medium.com/orbit-hq
Discord: https://discord.gg/Jzfk8Wa