How it works?

Using Degengamble.xyz is straightforward and intuitive:

  1. Sign Up: Users can access our platform through our Telegram app. To get started, they need to enter their Solana private keys. (Note: We do not store this data, and users must enter their keys each time they access the app.)

  2. Place Bets: Once logged in, users can browse "active bets" and place wagers on available events. There are two types of bets:

    • Winner Takes All: If, for example, 10 people bet on "No" and 2 people bet on "Yes," and the correct answer is "Yes," the 2 winning users share the entire pool.

    • Shared Risk: In this mode, the 2 winning users would simply double their money, while the 10 losing users would each lose an equal share of the total pool.

  3. Payouts: If a user wins a bet, the winnings are automatically transferred to their Solana wallet.

The platform is built on Solana, ensuring smooth and secure transactions. With a strong technical team supporting the platform, we are confident that Degengamble.xyz will operate seamlessly.

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