Azuro is an innovative platform for on-chain betting. It's designed to make betting easier and more accessible using blockchain technology.
What is Azuro
Here's how it works:
- Liquidity Tree: Azuro uses a unique design called the Liquidity Tree to create and maintain market liquidity, which helps in managing bets efficiently.
- Supports Many Markets: The platform can handle thousands of sports markets and games. It offers a wide range of features for creating various apps and integrations.
- Open and Trustless: Azuro is based on principles of openness and trustlessness, offering deep liquidity, many markets, and good odds. It's designed to be composable, so anyone can build on it, expanding its use and growth potential.
- Ecosystem Benefits: Different participants can earn from Azuro:
- Data providers get commissions for supplying odds and results.
- Frontend operators earn from running a betting interface.
- Liquidity providers earn high APY without relying on general DeFi market performance.
- Azuro Protocol: A set of upgradable smart contracts allows for creating betting applications and products with ERC-20 tokens on EVM-compatible blockchains.
- Azuro Components: These web components make it easy to build applications on the Azuro Protocol. The interface is just one of the ways to develop a dApp.
- Azuro DAO: A governance system for managing the Azuro Protocol, which will eventually be governed by the AZUR token.
In summary, Azuro offers a flexible and open platform for betting on blockchain, with opportunities for various stakeholders to participate and earn. It's user-friendly and designed for growth in the betting and blockchain space.
Team of Azuro
Paruyr Shahbazyan
Founder and CEO
Paruyr Shahbazyan - Founder and CEO. Paruyr has over 10 years of experience in the gambling and betting industry. He is also the founder of BookmakerXYZ, a leading sports betting platform.
Rossen Yordanov
Digital Consumer Products Leader
Rossen Yordanov - Digital Consumer Products Leader. Rossen has over 10 years of experience in the technology industry, with a focus on product management and marketing. He is also a co-founder of BetSwirl, a decentralized betting platform.
Funding of Azuro
$4,000,000
Funding Round
Investors like Hypersphere, Ethereal Ventures, Arrington Capital, Delphi Digital, AllianceDAO, Gnosis and Merit Circle.
$3,500,000
Seed Round
Led by Gnosis, Flow Ventures, Polymorphic Capital and other VCs like Ethereal Ventures, Arrington XRP Capital, AllianceDAO (a.k.a. DeFi Alliance), Delphi Digital, Meta Cartel Ventures, Merit Circle and Clever Advertising. Other VCs and Angels who have joined are SevenX, OP Crypto (lead by ex-Huobi David Gan), CitizenX, BR Capital, David Post (Chainlink), Alex Wearn (IDEX founder), Sergei Chan.
$3,500,000
Seed Round
Led by Arrington XRP Capital, SevenX Ventures.
Azuro review
Pros
Varied Betting Options
Offers sports, casino games, and poker.
Decentralized Betting
Ensures fair and transparent betting.
Competitive Odds
Provides good odds for various bets.
User-Friendly
Easy-to-navigate betting interface.
Live Betting
Allows betting during live events.
Mobile Access
Bet on-the-go with a mobile app.
Innovative Pool
Addresses issues in online and on-chain betting with deep liquidity.
Cons
Gambling Risks
High risk of losing funds quickly.
Early Pool Risks
Early liquidity pools may face hacking risks.
Network Limitation
Supports only three networks.
Adoption Dependence
Success hinges on user and liquidity provider participation.
Regulatory Challenges
Heavily regulated, legal changes could affect operations.