Problems and Solutions
Problems
Even though there are a few extreme sports betting sites, there is still no bookmaker for most sports involved.There is still no bookmaker for most sports involved;
Lack of visibility;
The few bookmakers that exist for extreme sports are all centralized, which means that the house retains a portion of the profits. We already know right? After all, betting is always a game of luck, and the only one who always wins is the bookmaker, through the fees.The problems mentioned are some of the main ones , there are many more and we are very aware of this and we want to change all of them in a positive way.
Extreme Sports still lack visibility compared to other traditional sports and are late in the involvement with the blockchain universe.
Because practicing extreme sports involves higher risk, the athletes can easily suffer injuries during their careers. Unfortunately, there is not much support for athletes in physical rehabilitation. Ironically, even though they have high risks, the conditions and incomes of these professionals are far from being at the level they deserve.
All over the world, there are many social causes in need of help, and even with the support of some NGOs, it is not enough. Still, some NGOs receive funds that are not applied to the causes they are intended for, lacking transparency, and with various forms of corruption.
Solutions
Creating the first betting house entirely dedicated to extreme sports, Rabid DAO will provide them greater visibility, giving power to the DAO community to vote on the next sports to be introduced on the platform, while inviting new fans to get to know the CORE side of each sport.
Unlike traditional bookmakers, the Rabid DAO sportsbook will retain 0% of the profits, distributing them to the community, such as to, NFT holders and Social Projects.
Not only the sportsbook, but the entire Rabid ecosystem will help, bridging the extreme sports to the blockchain universe, and bringing huge benefits to the community with a transparent and secure system.
With the creation of NFTs, another component of the DAO, the Rabid athletes will be able to earn a passive income, from the Pre-sale value to lifetime Royalties on every transaction.
Besides that, Rabid will create a foundation, to be able to support the athletes and former athletes who need medical care such as surgical treatment or physical rehabilitation, and also, to help their reintegration into the sports community by being actively present in our DAO's social interventions.
To support various social interventions, a portion of the profits from the betting house and casino will be automatically allocated to NGO partners, who will be chosen through a voting process by the DAO. The system will also allow the community to follow the entire process of delivery and application of the funds, in order to have transparency.
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