Whitepaper and Token Information
Introduction
EPIC PARLAY is a special cryptocurrency that operates on the Ethereum network, designed for sports betting.
Our goal is to use the expertise of top sports bettors to create value for everyone who holds our token.
These experts focus on NFL, MLB, soccer, and more.
When they place winning bets, our token holders
share in the success.
Tokenomics
Token Name: EPIC PARLAY
Token Symbol: EPAR
Network: Ethereum (ERC-20)
Total Supply: 200,000,000 EPAR
Transaction Tax: 2% on all transactions, which goes directly into the Bankroll.
Initial Token Distribution:
Presale: 60% of the total supply
Liquidity Pool: 30% of the total supply
Marketing & Development: 10% of the total supply
How It Works
Betting Strategy
EPIC PARLAY’s main purpose is to create a community-driven sports betting fund. Three experienced sports bettors, who are experts in NFL, MLB, soccer, and NHL, will manage this fund. Each week, they’ll select parlay bets, which are bets on multiple games at once. These bets will be placed using the funds raised from the presale and the transaction taxes.
Winnings Distribution
Whenever a bet wins, the money earned will be split accordingly:
Initial Bet paid back to bank
45% of the profit will go back into the Bankroll to keep the fund growing.
45% of the profit will be used to buy back EPAR tokens and then burn them
10% of the profit will go to the team.
Burning Tokens: This reduces the total number of tokens, which could make the remaining tokens more valuable.
Team Payment: Team only gets funding by bets won. Its going to be a lot to keep keep this firing on all cylinders!
Example: ( bet slips will vary )
Bet slip cost: 1500
Bet slip win: 5000
1500 straight to bankroll to cover initial cost
45% (1575) goes to buyback and burn
45% (1575) goes to bankroll
10% ($350) goes to the team for work and marketing
Bankroll Management
Funding the Bankroll
The initial funds for betting will come from the presale of EPAR tokens. Also, a 2% tax on every transaction will continuously add money to the Bankroll. We believe in being transparent—every time a bet wins, we will take a 3% cut from the winnings. This is important because we want to make sure our team is also motivated to succeed.
Selecting Bets
Each week, the three sports bettors will independently analyze upcoming games and choose the best parlay bets. Their combined knowledge will guide the betting strategy for the week.
Transparency and Community Involvement
We will share the details of each week’s bets and the results with our community. This way, everyone can see how the Bankroll is performing and how it affects the token supply. We’ll provide regular updates through social media, and the community will be able to engage with the bettors and offer their input.
Token Distribution and Presale
Presale
We will hold a presale to raise money for the initial Bankroll, liquidity pool, and marketing. Early investors will be able to buy tokens at a lower price.
Liquidity Pool
30% of the total tokens will be set aside to ensure smooth trading on exchanges. This will help stabilize the price of EPAR and provide liquidity for investors.
Marketing & Development
10% of the tokens will be reserved for marketing and development to promote the project and keep it growing.
Roadmap
Phase 1: Launch & Presale
Finalize smart contract development.
Launch our website and social media channels.
Conduct the token presale.
Distribute tokens to presale participants.
Establish the initial Bankroll.
Phase 2: Betting Begins
Start weekly betting based on expert picks.
Provide regular updates on betting performance.
Begin buyback and burn process.
Phase 3: Expansion
Increase marketing to reach more people.
List EPAR on more exchanges.
Explore new betting opportunities beyond MLB, NFL, and NHL.
Introduce community-driven features like voting on bet selections.
Get listed on higher-tier exchanges.
Conclusion
EPIC PARLAY isn’t just a token; it’s a platform that combines the excitement of sports betting with the security of blockchain technology. By using the skills of top sports bettors and creating a transparent, community-focused environment, we aim to bring consistent value to our token holders. Join us on this exciting journey where sports, betting, and blockchain come together.09:49 AM