With peer-to-peer gaming platform, people do not need to depend on centralized entities to play games or to receive game rewards. On top of this, the game result that could be verified by anyone and accessible to everyone would bring true "fair play". Utilizing the high throughput and negligible transaction cost of Zilliqa blockchain, we propose a solution to bring decentralization into gaming platform. Anyone can engaged to host a game by using the RedChillies token and anyone can participate to play the game using ZIL token (will be replaced by stablecoin in future). Results can be verified in smart contracts. And reward claims are distributed from stored Zil and REDC used in each game adding fresh RedChillies token from Reward Wallet. Rewards are distributed to hosts, winning players, developers and governors. As long as there remains majority of honest hosts, players and voters, system remains safe from attackers.
Peer-to-peer Sports Prediction Games are "live real sport events" played by users using ZIL tokens (in future to be replaced by ZRC-2 stablecoin). The launch of December 2020 included English Premier League (EPL) and UEFA Champions League game events. There are 3 sections in these Games: Games Available for Hosting, Games Ready for Prediction and Live Games Happening/Completed Games.
Example: To predict "Manchester United Vs Chelsea" game, WIN pool represents "Game Win By Manchester United"; DRAW pool represents "Game Drawn" and LOSS pool represents "Game loss by Manchester United"
Host's Reward = 10% of ZIL from Losing Pools
Winner's Reward = Prediction Amount + (80% of ZIL from Losing Pools) * (Prediction Amount/Total ZIL amount of Winning Pool)
If no one predicts in a hosted game or if no one predicts against another prediction, rewards are distributed under same logic of 80% to Winning Pool's wallets, 10% to Game Host, 5% to REDC Holders and 5% to Game Oracle. If there is no Winning Pool to receive 80% of Prize Pool, funds will remain in REDC wallet & undistributed ZIL will be used to grant developers or buy back REDC tokens from the exchanges to refill Locked Reward Wallets in future.
Host's Reward = 10% of ZIL from Game Pool
Winner's Reward = 80% Pool Amount distributed based on player's ranking.
Host's Reward = 5% of ZIL from Game Pool.
Winner's Reward = 80% Pool Amount distributed.
ZCH Team's Reward = 5% of ZIL from Game Pool.
REDC/ZCH Governor's Reward = 5% of ZIL from Game Pool.
Oracle's Reward = 5% of ZIL from Game Pool.