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Oh, Bet
How It Works
Our Methodology
01
Agreement Proposal
User 1 sends a proposed agreement to User 2, let the games begin!
02
Agreement Acceptance
User 2 reviews and accepts the agreement. Both parties are ready to compete!
03
Escrow Lock
Once accepted, funds are secured in a tamperproof blockchain escrow, preventing the loser from reneging without risking their credit score. Now you can compete with your friends and ensure payment!
04
Credit Score Impact
Both users' credit scores are affected, based on their transaction history (ratio of completed vs incomplete transactions).
05
Escrow Release
The task or games are complete! Now, escrow remains locked until both parties reach consensus on who should be paid out.
Final Credit Score Adjustment
06
Upon consensus, the escrow is released, and both users' credit scores are updated accordingly. Enjoy your winnings!
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