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STAKEO CLOSES NEW $30000 INVESTMENT FROM LINEAR CAPITAL

Major boost for Stakeo project with the announcement of a $30000 investment. Our second largest institutional investment was confirmed yesterday by Chan Kunthong (Stakeo Marketing Executive).

This is a massive development for the Stakeo Project following the previously confirmed $50000 investment over ten days ago. With four days left till the end of Stakeo IEO investment round on Chainx, we can confirm that institutional investments now accounts for a total of 16% of Stakeo softcap.

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Expect more announcements about partnerships and updates on short term plans, post-IEO events and listing plans and milestones. Read more…


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Proof of Burn: (https://etherscan.io/tx/0xa3d6d8c96b26e2109712d9167c7f40201a7d50ab26241b3df798f20d228c100c)

Stakeo team is set to commence its token burn on 1–11–2019. Token burning is usually a deflationary mechanism aimed at maintaining a stable value and keeping incentives for investors and traders to hold their coins.

The 15% token burn which is set to be done at a monthly interval rate of 5% of total supply, is designed to marginally boost the value of each STK token by reducing existing supply. In theory, fewer STK tokens available for sale and on exchanges means that each individual STK will be more valuable.

This mechanism was adopted because it is beneficial to both the Stakeo team and investors as burning tokens will help stabilize a coin’s value and curb potential price inflation. The stability gives investors a greater incentive to hold the coins and keeps prices at more favorable rates, which therefore keeps network up-time and bandwidth healthy. This token burn is also aimed at projecting a sense of transparency, confidence, and reliability, especially at these early stages of the Stakeo platform development. …


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Massive investment push for Stakeo. Our top one-time Institutional investment so far by this fund management group will expand partnerships across all levels of Stakeo project as we aim to deliver our goals within a shorter time frame. This $50000(280ETH) worth of STK accounts for 10% of Stakeo Softcap.

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Stakeo is developing an end to end wagering eco-system by shifting power away from the centralized betting market providers and book makers into the hands players community. We are bulding a unified gambling world on the blockchain with a complete eco-system for casual and regular bettors. This will finally become a crtitical solution for all kinds of real life betting activities to enable p2p betting, speedy transactions and over-all cost reduction; through the provision of an integrated gambling gateway module, a secured transaction environment and real time data processing using STK token, our puposefully desigend ERC20-Token.

Join STAKEO IEO here


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Cyprus based betting startup, Betgate, has listed STK as one of a few cryptocurrencies to be used during the Betgate test-run phase and beyond. This new partnership highlights our design of incentives modeled to ensure the continuous demand and usage of STK by all the betting ecosystem stakeholders. The STK token is not designed as a simple settlement or payment token. The design of Stakeo is centered around the access/work token model and critical to the adoption of this model is its efficiency in token circulation and reduction in price volatility which are imperative to its success as a decentralized ecosystem for prediction. More details to follow…


STAKEO PROTOTYPE TO PRODUCT: ENSURING OUR SOLUTION IS FEASIBLE

The end goal of a Design Thinking work process is to create a solution that is desirable, feasible, and viable. This means that our product or solution should not only satisfy the needs of our users but be easy to implement and have a commercial model as well. …


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Stakeo P2P prediction platform, announced today their latest partnership with ASMX Group, a global player in the blockchain revolution, operations research and business development. Built specifically for research, training and development of blockchain start-ups, ASMX Group conducts analysis on disruptive technology with the capacity to efficiently deliver the benefits of blockchain technology to decentralized or centralized applications, systems, businesses and corporations. Stakeo community is proud to announce this strategic business partnership with ASMX Group as it will offer a thorough guide to the successful deployment of Stakeo P2P decentralized prediction Platform on the Ethereum blockchain.

Details of the Partnership

As an ecosystem for real-life predictions, the Stakeo platform will certainly experience a vast portion of the app’s users engaging in market creation and promotion using smart contracts and market codes respectively. ASMX Group recognizes and values the efforts made by its market creators and thus offers them a means to be rewarded as they attract more peers to their proposed event market. …


Stakeo is building a robust ecosystem for all users and investors to enable efficiency and profit optimization as we launch a global solution to peer to peer betting on the blockchain. At the core of our solution is the STK token, the energy that powers the stakeo ecosystem. Outlined below are the basic designs and attributes of our token economy.

A successful token economy revolves around the correct design of incentives to ensure the use of the native token is desirable by all ecosystem stakeholders. To elaborate this, we focus on the following key considerations. …


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MARKET CREATION AND SETTLEMENT

Basically, market creation involves creating a complete set of trad-able bonds. Every STK holder can create a set of bonds for any real-life event by correctly completing our user friendly market creation template. This involves pegging financial rewards to the probability of the occurrence of an event and providing a specific API end point as the market resolution source. Once this template is completed and submitted, it is automatically deployed on the blockchain, making it available for community members to view and participate. Market participants are required to approve the market resolution source before participating in any given market. Markets here are categorized into public and private markets. Public markets are open for participation by all community members while private markets require invitation from the creator for participation. Winnings are split to all the winners of a set of bonds via smart contract and according to their stake. …


In order to address the most profound challenges of conventional gambling, we are developing an end to end wagering ecosystem by shifting power away from the centralized betting market providers and bookmakers into the hands of the player community.

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@Stakeo_Official

The Stakeo platform adopts blockchain technology to create an overt, reliable and transparent betting experience. With no brokers involved, players initiate the bets, set the rules and provide the funds for executing pay-outs. Smart Contracts protect funds and automatically distribute winnings based on bet conditions and outcomes.

Traditionally, prediction markets have been centralized. The regular way to cummulate transactions in a prediction market is for a dependable entity to maintain a register. Equally, the easiest way to determine the outcome of an event and distribute pay-outs to traders is for a neutral and trusted umpire to determine the result of the markets. …


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Stakeo, Player Perception and the Limitations of Responsible Gaming Features

As always, stats are a matter of perspective, so when you look through the list of global gambling losses, you’re also looking at the gambling wins for operators. With that in mind, here’s a breakdown of the top 10 places for gambling revenue based on visitors.

It’s interesting that Macau tops the list of per-head revenue. But Chinese nationals don’t register on our top list of gambling losses. Macau’s tourist business has struggled recently, but visitors still ensure that the former Portuguese colony keeps Macau way on top.

Australia seems to rank highly in terms of losses and revenue. The country boasts more “pokies” (slot machines) than most countries, and that’s in a country that only has 22 million people. …

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Stakeo_Official

Smart P2P Betting Platform

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