The TOSS token is a standard ERC-20 token that is used in all operations of the system:

making a deposit when creating an event;

blocking an operator’s collateral;

making a bet;

making a deposit for judging;

withdrawal of prizes and returns of funds.

PROOF OF TOSS is a non-profit organisation — 12% of all tokes are reserved and used to set up a fund. The aim of the fund is project development, including code development, functional extension and ecosystem maintenance. Also the fund will work to expand the community, communicate with its members and attract new members.

PROOF OF TOSS road map includes several stages of the protocol development and of the White Label:

June 2018

MVP for protocol: a decentralized online betting system, a set of smart contracts

MVP for White Label: an online wallet working via MetaMask, placing bets on centrally created events

July 2018

MVP design for White Label: MVP layout markup and system setup

August 2018

1st version for protocol: smart contracts for wisdom of the crowd

1st version for White Label: peer-to-peer betting, judgement of the crowd

Autumn 2018

JavaScript API: an API making it easier to interact with smart contracts, for companies who want to integrate a protocol but don’t need the White Label

White Label: online wallet without MetaMask

December 2018

Protocol development: live-betting support

Year 2019

White label: open source mobile application

Solutions for Regulators: MVP

Have a closer look at our Technical Paper to learn more about PROOF OF TOSS project and it’s technical insights!