Bet. DeFi. Win. Decentralised Sportsbook & Casino powered by DeFI 2 contents Foreword Betting markets PlaTform Offering $LNA ECOSYSTEM Adoption & accessibility PlaTform INcentives ProTOcol mechanics Tokenomics Road map team & advisors 3 5 7 8 9 10 15 18 20 21 So what exactly is Lunabets? 3 Lunabets is the world's first decentralised, peerless sportsbook By harnessing the power of DeFi, and allowing users to place bets on-chain through a fully automated, trustless and non-custodial platform, Lunabets is revolutionizing the sports betting industry by empowering communities to place bets on the events they want, safe in the knowledge that they’ll be paid in-full and on time everytime. By combining high APY yields and substantial token emissions, Lunabets’ liquidity pool incentivises users to “become the house” and provide deep pools of liquidity to fuel the Automated Market Maker protocol. Lunabets gives ownership of its platform directly to its end- users through the governance rights which native $LNA token holders possess, and fosters an owner’s mentality by distributing a percentage of the platform’s profits to token holders as a dividend. Size of global gambling industry $465.76 billion 2020 2021 $516.03 billion FOREWORD we're the best in the world 4 Section T itle what is our Mission? Foreword Lunabets harnesses the power of DeFi liquidity pools to make fair betting accessible to all The protocol provides a highly rewarding environment for those wishing to stake their assets and earn return yields by providing liquidity to the Automated Market Maker. This provides a highly functionable and scalable betting platform giving users an unrivalled betting experience. We also firmly believe that profits should be distributed amongst the community. 5 Betting markets What are the existing problems? MANIPULATION Often when you lose you lose and when you win bookmakers void bets, charge high fees for withdrawals and take weeks to pay citing their unfavourable terms and conditions USER FUNCTIONALITY There are countless examples of sports betting platforms that have leveraged the potential use case of blockchain technology but are lacking any user functionality and crucially, to date, any competitive offering LIQUIDITY PROBLEMS Sportsbooks and exchanges require large amounts of volume and reserves to function properly COUNTERPARTY RISK With traditional bookmakers, users have to trust the data available is correct which can lead to incorrect resolutions, voided bets and financial loss ACCESSIBILITY GLOBALLY Users may not have access to fair and properly regulated bookmakers and are forced to use unnecessary middlemen 6 Betting markets What are the possible solutions? MANIPULATION Smart contracts ensure there is no chance to manipulate / void bets. Transactions are permanently recorded on the blockchain USER FUNCTIONALITY Our core focus is on ensuring the UX on offer provides a seemless experience LIQUIDITY PROBLEMs DeFi allows the creation of publicly verifiable liquidity pools that act as the “layer” i.e., the bookmaker which ensures pay out COUNTERPARTY RISK Creating an on chain betting solution with audited smart contracts allows for a trustless system, in which users can bet with confidence that the platform is fair and winnings will be paid ACCESSIBILITY GLOBALLY Worldwide access to fair and properly regulated bookmakers 7 platform offering platform offering ETH & BTC PREDICTION User friendly design, focused on a simple user interface that allows betting on hourly, daily & weekly ETH & BTC closing prices. LIQUIDITY POOLS Stake your assets and earn rewards. Earn both passive $LNA rewards for participating in the pool and profits. SPORTSBOOK Blockchain-based sportsbook secured by a global decentralized network. Bet anywhere without depositing. CASINO With the best slots and card games available Lunabets has you covered safe in the knowledge the platform will always meet payouts. we're the best in the world 8 $LNA ECOSYSTEM token economy BETTING $LNA $LNA can be used to participate in betting & entering tournaments. MINING $LNA For the first 12 months, those who participate in the platform will be rewarded with a percentage of the $LNA tokens distributed by the platform. The community can vote on further rewards after this period ends. These tokens are automatically staked in the $LNA pool. ACCESS $LNA may provide holders and users access to special games, tournaments or products. GOVERNANCE/ VOTING With the introduction of $LNA Council, holders of $LNA will have the voting/governance rights to decide on the future of the platform. THE NATIVE $LNA TOKEN HAS A NUMBER OF USE-CASES WHICH REWARD HOLDERS As well as granting access to the Lunabets platform, $LNA holders are able to exercise voting right to participate in the project’s on chain governance, as well as a benefitting from a host of additional features EARNING $LNA Lunabets House Pool The House Pool is assigned an amount of $LNA tokens and these are distributed to participants proportionate to the size of their stake in the pool. Initial pools are incentivised for twelve months after launch. Lunabets House Pools charge withdrawal fees and revenue shares, which go towards purchasing $LNA from decentralised exchanges. These $LNA tokens are an extra reward on top of the yield the pool generates. Staking $LNA in the vLNA Pool Users can deposit $LNA to the vLNA pool. After withdrawal and commissions are collected from the house pool (USDC, USDT, DAI) they go to the Treasury Box and are used to buy back $LNA on QuickSwap. This $LNA is delivered to vLNA pool participants as a yield on their deposit. Liquidity Provision In addition to $LNA farming on the two lunabets pool, liquidity providers to LNA-ETH market pairs can also earn $LNA rewards. 9 ADOPTION & ACCESSIBILITY Considered design equals fast adoption LUNAbets will be licensed within months of the Token Generation Event of $LNA. Unlike other sports betting platforms, your funds are non custodial and payouts are guaranteed. Players will bet directly from their metamask or private wallet, while wagers are held in escrow by smart contracts until the outcome is determined by the oracle data fees. The initial liquidity pools will launch on the Polygon network alongside a fully functional sportsbook and casino that will be user friendly to the non-crypto and native crypto community. This approach allows the platform to focus around the UX and understand what the community wants. 10 PLATFORM INCENTIVES Provide liquidity. Earn yield. Generate emissions. Provide liquidity to the Lunabets Automated Market Maker. The AMM acts as the counterparty to all platform bets. The AMM is the beating heart of the platform, offering strong liquidity and fair prices. The AMM expects to make a profit as there will be an in built over round in the odds provided on both sports book & casino. Initially AMM yield will be supported by the emissions of $LNA tokens for the first 12 months. become the house bet.defi.win become the house 11 bet.defi.win KEY Casino Bitcoin predictions Football Tennis Cricket Other Total Supplied Capital 15,000,000 USDT | DAI | USDC Your Supplied Capital 15,000 USDT No. of Markets #25 APY 77% (26% + 51% LNA) Outstanding Bets 3,000,000 Exposure 3,000 USDT Lunabets House Pool 50% 10% 15% 5% 15% 5% Weekly Betting Volume 56,000,000 PLATFORM INCENTIVES 12 the longer you stay the more you win! CASINO 1 month - 3 months in the LP 30% of revenue + LNA rewards Withdrawal Fee 1.25% BOOKIE 14- 28 days in the LP 25% of revenue + LNA rewards Withdrawal Fee 2.5% RUNNER 0-14 days in the LP 15% share of revenue + LNA rewards Withdrawal Fee 5% PLATFORM INCENTIVES house tiers VEGAS 3 Months + in the LP 35% of revenue + LNA rewards + Lottery Airdrop Withdrawal Fee 0.625% we're the best in the world 13 Section T itle platform ecosystem Lunabets Platform Fuelled by DeFi The Lunabets platform harnesses the power of DeFi, and applies the principles of decentralisation to its ecosystem. Through Lunabets’ innovative protocols, users are able to interact with the platform interface, the liquidity pool and the AMM in a process which is seemless, peerless and, most importantly, trustless. vLUNA Pool vLUNA Staker Fee Splits 35% 65% Widrawal Fees + Revenue Splits house Pools Pool user Pool user treasury box Airdrop + Rewards Revenues Bet mining rewards we're the best in the world 14 Strike Gold Rather than reward free bets, bet mining is an incentive to further distribute ownership of the platform to the users. For the first 12 months 200,000 $LNA will be allocated on the last day of each week and distributed to users based on their gross winnings. The $LNA distirbuted weekly will be automatically staked and held for 30 days so users can vote on future incentives. Other incentives will run after this period and can be voted on from the staking protocol. PLATFORM INCENTIVES we're the best in the world 15 Protocol mechanics Unlike peer-to-peer betting (P2P), users are able to initiate any bet offered on the platform. Peerless betting is by far the simplest solution for bettors because it eliminates the risk of having to find a complementary partner to oppose a bet. The platform takes decentralised oracle data feeds to offer selections and corresponding odds which feed into the AMM. This allows users to place their wagers in the knowledge of a fair and transparent market. As shown in the diagram players enter into a smart contract via the automated market maker. Protocol mechanics Lunabets AMM Lunabets AMM Sign in Scraping Data Feeds Sports & Match Data Market offering Match outcome posted Oracle Network confirms final payouts Data received STEP 1 Users place bets for unique event STEP 3 Event results posted and verified STEP 4 Smart contract escrow resolved on outcome Sports Betting API Oracle Network Oracle Network Oracle Network STEP 2 Smart contract created for matching bet to AMM we're the best in the world 16 It is important to note that this is not similar to a typical AMM design seen on the likes of e.g. Uniswap. The formula behind these sports betting pools has to take into account the significant jump risk and impermanent loss associated with gambling markets. The LP pricing is determined by the assets and liabilties of the AMM. There will be a risk management system in place to ensure there are no disproportionate losses to the size of the pool i.e. 1% of losses to any event. The AMM will also be able to hedge exposure with other sports betting firms. House pool mechanics LPs mint new LP tokens when they provide liquidity to the AMM. Liquidity at t+0, they mint LP tokens at t+7 based on the following formula: [LP tokens t+7] = [Liquidity t+0] / [LP token price t+7]. [LP token price t+7] = [AMM NAV t+7] / [Total # LP Tokens t+7] [AMM NAV t+7] = [AMM Liquidity t+7] + [AMM Pending t+7] Similarly, LPs burn LP tokens and receive USD liquidity in return when withdrawing from the AMM. LPs receive Liquidity at t+7, when they burn LP tokens at t+0, based on the following formula: [Liquidity t+7] = [LP token price t+7] * [LP tokens t+0] [LP token price t+7] = [AMM NAV t+7] / [Total # LP Tokens t+7] [AMM NAV t+7] = [AMM Liquidity t+7] + [AMM Pending t+7] This delay is to avoid any front running. Price of LP tokens Protocol mechanics we're the best in the world 17 Oracle network Best-in-class prices The oracle feeds retrieve real world sporting event data and post event outcomes.The oracle feeds are designed to be completely independent of the protoocol. It is our opinion that a lot of platforms have too many incentives for too many feeds that makes the process inefficient and costly. Given the nature and complexity we believe It is best for the platform to outosurce this. Chainlink, UMA, and API3 are the leading Oracle data providers and we will be working closely with them to ensure these decentralised feeds become available. Protocol mechanics 18 Staking Rewards - 22% LNA rewards will be released through the audited staking smart contracts via the vLNA house pools as rewards are earned. Community Fund - 22% This lna will be frozen in a secure wallet and released over a 4 year period in equal monthly instalments with the aim of rewarding the lunabets community and contributing to the progression of the project. Items to be included are: · Promotional events e.g. Mining rewards, airdrops, referral programmes · Marketing · Exchange listings · Fund further development of the project Team Allocation - 15% The tokens which are granted to the team are locked for 6 months, and then released linearly over 4 years according to the schedule below. Strategic Round - 12.5% Creating partnerships with industry leading venture capital firms to provide support for the long term vision and growth of the project. Tokens will be released over 6 months from listing. Private Sale - 10% Further investment in return for tokens to further the progress of the project. Tokens will be released over 6 months from listing. Seed Investment - 7% The primary investment in return for tokens which helped fund development and preliminary activities to support the launch of the project. These will be locked for 3 months from listing and distributed over the next 6 months, as per the schedule below. Liquidity Pool - 5% Initial liquidity will be provided on the decentralized exchange upon listing to promote initial transactions occurring without major disruption and price spikes. This liquidity will be locked in a vault for a year. Auction / IDO - 2.5% The amount of tokens available for sale via a launchpad ahead of listing date. Advisors - 4% The tokens which are used to fund our expert based advisory panel, this allocation will be distributed over 6 months from listing and released via the schedule below. Tokenomics allocations, circulating supply and release schedule KEY Seed Strategic Round Private Sale Auction / IDO Team Advisors Staking Community Fund Liquidity 7% 5% 15% 4% 22% 12.5% 22% 10% 2.5% 19 Tokenomics The graph opposite corresponds to the vesting schedule for $LNA $LNA tokens allocated to the liquidity pool and the public sale will be fully unlocked on TGE. Strategic round and private sale tokens will be 12.5% unlocked on TGE, and staking and community reserve tokens 2.08% each. All other token allocations will be locked up in a linear vest for the periods illustrated in the graph opposite. vesting graph Vesting Schedules 0 200,000,000 400,000,000 600,000,000 800,000,000 1,000,000,000 1,200,000,000 Liquidity Community Staking Advisors Team Public Private Seed Strategic Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 20 road map Seed & Strategic funding Team Expansion Platform development Assembled advisory board Marketing & Sponsorship Q3 2021 Q4 2021 Private sale Sportsbook & Casino Beta Launch TGE DEX Liquidity Pools Token Smart Contract Audit Public Sale Liquidity Pools Launch on Ethereum & Polygon Q1 2022 3rd party integration for traditional Betting Markets Lunabets & e-sports TV English, Chinese and Indian languages Q2 2022 Crypto Prediction platform integrated Smart Contracts settled on oracle data House Pools integrated with DeFi lending platforms Q3 2022 Platform feeds fully decentralized Extensive platform offering KYC Integration Community Governance DAO road map