ParlayChain


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“I will beat you in Minecraft this weekend,” is an example of a challenge on Parlay app. The challenged friend can then choose to accept the parlay and pick a wagered item: a “defeat” pic, a charitable donation or money.

The “defeat pic” wager? The loser must submit a sad selfie after their moment of defeat. If “charity” was chosen, wagered money is donated to an organization like Watsi, Girls Who Code, or charity: water. And if the wager is just good ol’ fashioned money, the winner takes all–the Bitcoin, that is. The loser is not compelled to pay up by the app–he could technically choose not to. But as the Sands-Ramshaws say, no one would want to do that “’cause, you know, respect. . .”

BC: Where did the name “Parlay” come from? I’ve only ever heard it on the movie “Pirates of the Caribbean.”
SSR: “Parlay” also means to take something and turn it into something with greater value. The term is often used in reference to money, but can also be used in reference to situations, and we liked its connotations. However, if people aren’t familiar with that meaning and associate us with Keira Knightley instead, we don’t really mind. She’s badass.

BC: Did you test the app on your friends? Do you use it yourselves?
SSR: We did and we do! One of the most fun things about building a project is studying how other people use it and comparing that to how you use it, or thought they would use it. Doing that with friends is easier because they normally feel obligated to answer all your questions. I think it’s fair to say we use it for goal-setting and motivational challenges most with each other. It has become a fun way to get one another to do things.

BC: Might Parlay accept any other cryptocurrencies in the future? Any particular ones you like aside from Bitcoin?
LSR: We’re trying to keep the app simple, and there are many other apps that allow you to quickly exchange other currencies for BTC, so we don’t have any current plans for adding other cryptocurrencies to Parlay. Certainly if any other currency comes to rival Bitcoin in market adoption, then we would consider it. In terms of what we like, we’re hopeful about Stellar.


Prediction Through PAR
The platform runs its own token, the PAR for transactions within the system. The Parlay token uses a Scrypt algorithm that gives it an average 90 second block time and a 20 PAR reward per block, with the wallet already available on their website. To find out more about what Parlay will bring to the market, check out the links below.

Visit the Website – https://www.parlaychain.io/

Connect on GitHub – https://github.com/parlaychain 

BitcoinTalk ANN – https://bitcointalk.org/index.php?topic=3652595

Contact the team on Discord – https://discord.gg/CK38myY


Author: loockup45

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