BEPRO Network is Live as a new codebase for DeFi, Gaming, Prediction Markets, and more.
We are thrilled to rebrand BetProtocol to BEPRO Network as our company evolves to the next level. Our roadmap to deliver scalable technology and code for decentralised gaming apps and ecosystems is still on-track, with new streamlined processes and operating methods that reflect the deep learnings we have acquired in the last two years. In this post we will share our rationale for this rebrand and talk about the future of our company.
The new BEPRO Network logo reflects both the infinite possibilities of what can be built with our codebase, as well as a return to our decentralised roots and original vision.
When we began our company two years ago, we envisioned building technology for the decentralised future of betting, gaming, and prediction markets. Our initial roadmap had us going deep into the decentralised world and being the tech behind many Dapps and on-chain systems. However, at the time fully on-chain systems were not possible due to a number of scalability and usability reasons, so we were forced to adapt. Our full turnkey solution for launching Esports and Casino gaming apps was a result of this. Although this is a hybrid product (combining on-chain and off-chain architecture) we nonetheless learned a lot about building fully on-chain systems.
Brands such as TKN.COM and Bistox Games chose to build on us because of our technology. However long sales cycles and heavy technical debt due to dealing with 3rd party integrations hindered scalability and long term viability. At the same time, decentralised blockchains like Ethereum and Polkadot have advanced to where fully on-chain systems are now possible. The opportunity is now here for us to fulfil our original decentralised vision while restructuring our business model to be more scalable for the future.
Rebranding to BEPRO Network allows us to get closer to the BEPRO Token in the public awareness while building in more use cases and more reasons for people to interact with our token. Our new business model will revolve completely around the BEPRO Token, and those that wish to use our technology will need to be stakeholders in BEPRO.
Operators will now need to stake BEPRO to get access to our codebase. This will replace the standard setup fee we were charging in the past in fiat currency. Additionally, the monthly fees Operators pay us will also be charged in BEPRO. They will have to purchase BEPRO on the markets and add it to their stake.
From the perspective of branding, BEPRO Network is much larger than the narrow "betting" sector that we were attached to with our previous name. Before we were simply a protocol for betting apps; BEPRO Network is much, much more. BEPRO Network is a codebase for building decentralised apps for DeFi, gaming, prediction markets, decentralised exchange, and many other products. Entrepreneurs will rent our code by staking BEPRO, and given the wider application of our tech, we predict larger and larger portions of our token will be locked in staking as new operators join our network.
BEPRO Network aims to be the most useful codebase for building decentralised apps on Ethereum, Polkadot, and other blockchain based ecosystems. Our job is to focus on building technology that adds value to entrepreneurs and product builders, so they can focus on making their startups a success. Our aim is to build a network around the BEPRO token and make it into a thriving decentralised economy.
Stay tuned because we will already be releasing our first showcase product on BEPRO Network in Q1 of this year.
In closing, we'd like to thank our supporters and token holders for their on-going support. This rebrand and refinement of our business and technology is ultimately to bring more value and excellent products to you.
Thank you for your support!
BEPRO Network is a codebase for DeFi, Gaming, Prediction Markets & More. We are a Code-as-a-Service protocol providing technology and support for blockchain-based applications. By staking BEPRO Tokens, companies can get access to our code to launch an infinite number of apps.