Glossary
Definitions of key terms and concepts within the WorldCupBet ecosystem.
Core Concepts
- Team Sub-Tokens
- National team tokens (e.g., $BRA, $ENG) that are pegged to the $WCBET base currency and feature deflationary mechanics tied to tournament performance.
- Tribal Staking
- The act of locking $WCBET to support a specific nation's run through the tournament. Rewards are determined by the team's finishing position.
- Goal Pump
- A real-time deflationary mechanism where a goal scored by Team A triggers an immediate token burn for Team B's sub-token.
- Rival Wars
- Head-to-head match liquidity pools where rival fanbases stake against each other. The winning side captures the majority of the opposing pool.
Technical Terms
- Soulbound Loyalty Score
- A non-transferable on-chain reputation score that determines a user's reward multiplier and governance weight.
- Moment NFT
- An auto-minted NFT awarded to users who successfully predict high-odds outcomes (5x ROI or higher).
- Vig (Vigorish)
- The protocol fee (house edge), set at a flat 2% in WorldCupBet, with a portion being burned.
- 1X2 Betting
- A standard prediction market where 1 represents a home win, X a draw, and 2 an away win.