Product

Product Development

The 'v1' of our predictions market is set to launch in Juni 2024, ahead of the release of our native currency on the Ethereum Mainnet ($BLITZ). However, development won't stop there. Below are some of our near-term development plans.

Please note that these plans are preliminary and may shift or change based on internal or external discussions with the team, community, and advisors.

1. Implementation of Reduced Fees for Holders

Initially, all users on our platform will pay a market average fee of 3% on every prediction. However, four weeks after the launch of the platform and ERC-20 token, we will implement reduced fees for $BLITZ holders, lowering their fees to just 1%. All fees collected will fund a revenue-sharing program, which is a crucial aspect of our ERC-20 token and an important reason to hold $BLITZ.

2. Support for Other Currencies

At launch, users of the blitzspectra platform will be able to bet on real-world events using Ethereum, our native blockchain. Shortly after launch (2-3 weeks), we will enable $BLITZ payments, allowing holders to use $BLITZ for predictions. Following this, we plan to introduce support for other cryptocurrencies, including BNB and Solana, based on community demand.

3. UI Upgrade

While the backend of our platform (e.g., how bets are created, settled, and how odds are formulated) requires minimal additional upgrades after launch, we will start with a v1/MVP platform UI. We aim to significantly enhance the platform's look and feel, with the first major UI upgrade expected within the first month after launch.

4. Future Developments

Blitz Spectra, the organization and team behind the blitzspectra platform, aims to build additional products under the same brand and with the same native $BLITZ cryptocurrency. As blitzspectra reaches maturity and stable growth, we plan to introduce other platforms, such as a Sports Betting platform and Live Casino, in the medium- to long-term future. The initiation and progress of any future Blitz Spectra products will depend on the development and adoption of blitzspectra, with priorities determined by community and team discussions.

As stated above, these development steps are initial and preliminary priorities. Given the unpredictable nature of Web3 development, we are realistic about the possibility of shifting or accelerating priorities in different areas of the project.