What is Azuro? Azuro is an infrastructure, liquidity layer for online betting. It uses a new liquidity pool design, Liquidity Tree to create and maintain market liquidity. Azuro is an online betting project that raised $7.5M, an extremely large number for a project in this field.
So What is Azuro? What’s special about it? Let’s find out all the details about Azuro in this article!
What is Azuro?
Overview of Azuro
Azuro is an infrastructure, liquidity layer for online betting. It uses a new liquidity pool design, Liquidity Tree, that creates and maintains market liquidity. Azuro supports thousands of sports and other gaming markets, along with a rich feature set that anyone can use to create a variety of applications, embedded integrations or derivative products.
The following components are built on Azuro:
- Azuro Protocol: A set of upgradeable smart contracts that together create a protocol that can be used without permission to create applications and products for staking with ERC-20 tokens on chains EVM compatible block.
- Azuro Components: Web components make building applications quick and easy on the Azuro Protocol. Interfaces are just one of many ways one can build a dApp.
- Azuro KNIFE: A governance system to manage the Azuro protocol. The system is expected to transition and be activated by the AZUR token once the token is launched.
UIs can be apps, widgets, tools, integrations, or even standalone products that use the Azuro liquidity pool and provide a UI for users to interact with. Although some user interfaces may copy existing products and create new user interfaces. But more sophisticated developers can go further and create new products entirely, building new teams and other overlays on top of Azuro’s underlying infrastructure and liquidity.
User interface operator earn a percentage of profit do nearly autumn Okay. Each frontend operator provides their address to the smart contract with their users’ bets and the contract LP distribute a portion of the profits to the front-end address.
Mechanism of action
3 main components participating in the betting market:
- Bettors: A betting participant who can access the market through websites, applications or widgets (so-called Frontends) that connect to Azuro to provide betting services to end users.
- Liquidity Providers: Those who provide liquidity to betting markets and create liquidity for bettors. The person adding liquidity will receive the difference in player odds.
- Data Providers: Lis an entity with rights access needed in the group to create and cancel events, resolve or cancel themconditions and updated odds. Data providers are entities that ensure the conditions for betting and the probabilities for these conditions are such that the pool generates profit from betting over time.
Development Roadmap
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Core Team
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Investors
- January 19, 2022: Seed round successfully raised $3.5M led by Gnosis, Flow Ventures, Polymorphic Capital and with the participation of a number of other funds such as Arrington XRP Capital, Delphi Digital, Alliance DAO, Merit Circle, Ethereal Ventures, MetaCartel Ventures, Clever Advertising.
- June 27, 2022: Strategic Round successfully raised $4M from Arrington XRP Capital, Delphi Digital, Alliance DAO, Hypersphere Ventures, Merit Circle, Mask Network, Ethereal Ventures, Formless Capital, Gnosis, SevenX Ventures, OP GAMES, PathDAO, Quiet Capital, Red Beard Ventures, NxGen.
Tokenomics
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Exchanges
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Azuro’s Information Channel
- Website: https://azuro.org/
- Twitter: https://twitter.com/azuroprotocol
- Medium:
Summary
Azuro is targeting the betting segment, an extremely potential segment with very little competition in the Web 3.0 environment. With the plan and the amount of money raised from investors, Azuro will probably make many really good products in the betting market.
So I have clarified what Azuro is? Azuro cryptocurrency overview. Hope this article provides you with a lot of useful knowledge!
