The decision to launch on inEVM was strategically made with growth and support in mind. The Relative team has eagerly awaited the launch of inEVM to introduce real-money wagering to its community. The INJ Ecosystem has displayed promising signs of adoption and is poised for continued growth.

About Relative’s Peer-to-Peer Wagers:

Relative’s Peer-to-Peer wagering market allows users to predict whether one asset will outperform another within a given time frame. This helps market participants by allowing them to hedge current spot or future positions, while also profiting during a negative market environment where both assets depreciate.User’s can create public/private wagers in the form of multi-user mode (nvn) or challenge mode (1v1) across 150+ assets and 10,000 different combinations.

About Injective-EVM (InEVM):

InEVM marks a groundbreaking achievement as the first-ever Ethereum Virtual Machine capable of achieving true composability across Cosmos and Solana. Developed in collaboration with Caldera, a L2 rollup infrastructure platform backed by Sequoia, the inEVM network offers Ethereum developers unprecedented access to Injective's global network and user base, presenting a multitude of opportunities to expand the reach of their protocols.

InEVM boasts several significant benefits for developers, including ultra-fast speeds facilitated by a parallelized structure, instant transaction finality, a modular toolkit, shared liquidity, and composability across the Cosmos IBC universe alongside Solana.

About Injective:

Injective is a lightning-fast interoperable layer-one blockchain optimized for building premier Web3 finance applications. Providing developers with powerful plug-and-play modules for creating unmatched dApps, Injective is incubated by Binance and backed by prominent investors such as Jump Crypto, Pantera, and Mark Cuban. INJ, the native asset powering Injective and its rapidly growing ecosystem, plays a pivotal role.

About Relative Finance:

The crypto markets have experienced exponential growth in recent years, with increased adoption from both retail participants and tech giants. While this growth was catalyzed by developments in DeFi and NFTs, we believe the next significant change will stem from the mass adoption of decentralized, community-owned platforms across various verticals such as finance, social media, and gaming.

With this philosophy in mind, we are building Relative—an ecosystem of applications focused on derivatives and wagering.


Twitter: @relative_fi
Injective Twitter: @injective
Website: https://relative.fi

We are thrilled to announce the launch of Showdown at the Linea Entertainment festival (Phase 2), commencing this week (final date to be confirmed).

Users must register HERE on Degame in order to be eligible and receive rewards.

Join by connecting your wallet to the Guild

For the first time, users from a Web3 ecosystem can earn Web3 rewards through a fully decentralized platform while enjoying world class Web2 eSports titles. Linea festival participants can earn rewards for their participation based on quest completed.

As we approach the end of the year, keep an eye out for the launch of Relative's native token, RLTV. Until then, we are distributing rewards in the form of xRLTV tokens (IOU). Suffice it to say, investing your time in earning these rewards will pay off handsomely as Relative continues its journey.

Supported Game Modes

• Competitive 5v5 (Clan Battle)

• Arena 1v1

• Deathmatch FFA (Free for All)

• Executes/Retakes

Point System and Rewards

• 10 points = 1 xRLTV

• 1v1 Arena: 1 kill = 1 Point; 100 Kills = 10 xRLTV (Minimum 2 players required)

• Free For All Death Match: Top 3 per match earn 50, 20, and 10 points respectively (Minimum 4 players required to incentivize the server)

• Executes/Retakes: Each round MVP gets 5 points

Following is the reward breakdown for the Linea entertainment festival (Phase 2). In order to be eligible, users must be placed on the Showdown Gaming Community Leaderboard with a minimum of 1 quest completed.

Leaderboard Rewards: (75,000 xRLTV + $650 USDT)

• 1st Position: 5,000 xRLTV + $100 USDT

• 2nd Position: 4,000 xRLTV + $100 USDT

• 3rd Position: 3,000 xRLTV + $100 USDT

• 4th Position: 2,500 xRLTV + $50 USDT

• 5th Position: 2,250 xRLTV + $50 USDT

• 6th Position: 2,000 xRLTV + $50 USDT

• 7th Position: 1,850 xRLTV + $50 USDT

• 8th Position: 1,650 xRLTV + $50 USDT

• 9th Position: 1,500 xRLTV + $50 USDT

• 10th Position: 1,250 xRLTV + $50 USDT

• 11th - 15th Position: 1000 xRLTV each

• 16th - 20th Position: 500 xRLTV each

• 21st - 100th Position: 300 xRLTV each

• 100th - 200th Position: 185 XRLTV each

Who Should Participate?

If you are a traditional gamer (Web2/Web3) or part of a Web3 gaming guild, Showdown Gaming is the platform for you!

Gas Fees

Participants DO NOT require gas to earn xRLTV rewards from the 'Win to Earn' mode. Participants who want to earn even more rewards can do so by participating in the 'Clan Battles' which will require X amount of ETH as gas on average that has to be bridged into the Linea chain. At this time there is no gas rebate functionality for 'Clan Battles'.

How to Start?

Showdown is the ultimate WIN TO EARN platform for eSports enthusiasts! We are first launching with CS:GO (CS2 coming soon). Here, we'll take you on a step-by-step walkthrough of the platform, from logging in to launching your CS:GO game.

Sign Up and Profile Page

Enter - https://showdown.relative.fi/

Let's begin with the homepage. To get started, simply click the "Sign In with Steam" button. Make sure your steam profile is set to public and chain set to Linea mainnet on top right.

Showdown values your security. That's why we use Steam authentication. Once you're logged in, you're all set to dive into the action.

Next, you'll be directed to the game mode selection page. We offer two exciting categories: "Free to Play" and "Clan BATTLE"

Free to Play

Win to Earn Page

In the "Win 2 Earn" section, you can choose from a variety of free game modes like Arena, Free For All Death Match, Executes, and Retakes. The users who top the scoreboard in these game modes will be rewarded showdown points.

Once you've chosen your game mode, it's time to select your server region. Whether you're in South East Asia, the Middle East, East Asia, Europe, North America, or beyond, we've got you covered.

Select your preferred server and click on play now. Compete in Daily and weekly leaderboards for a chance to win incredible rewards.

Rewards for 1v1 Arena:

1 kill = 1 Point, only the winner of the arena server can claim point. minimum 4 players needed to incentivize server. 10 points = 1 xRLTV

Rewards for Free For All Death Match:

Top 3 per match- 50 pts, 20 pts, 10 pts. Minimum 4 players needed to incentivize server. 10 points = 1xRLTV

Rewards for Executes/Retakes:

Each round MVP gets 5 points. 10 points = 1xRLTV

Clan Battles

Create/Join a Clan

For those seeking the thrill of competitive gameplay, our "Clan vs. Clan" mode lets you create and join clans, and wager against others in intense 5v5 CS:GO matches.

You can create clans in your profile page or use invite codes to join already created clans. Once you have created or joined clans, you will need to bridge eth to Linea for gas.

Once you have enough gas on Linea, click on the faucet button on the top right of the showdown page to get RUSD test token, which will be used as collateral for wager.

Now you are loaded up to play clan battles, on the clan challenges page, you can challenge rival clans for a 5v5 CS:GO competitive game.

Challenge Clans

Set the parameters of your challenge which includes- Map, number of rounds, game start time, server for preferred region and proposed wager. Once all parameters are set, confirm challenge and the Arcana wallet will pop up asking you to approve the challenge.

Create Clan Challenge

Once the challenge is approved you will be taken to the lobby, here each players accepts and readies up for the game, approves the accept challenge on the wallet pop up and the platform prompts the user to launch the game on the decided time.

Now, it's all about skill, strategy, and determination as you immerse yourself in the world of CS:GO. Dominate the map, claim victory, and earn your wager rewards.

Conclusion

Showdown is not just another gaming platform; it's the ultimate win-to-earn ecosystem for eSports enthusiasts. Skill, strategy, and determination are your tickets to victory and fantastic rewards. So why wait? Dive into the world of CS:GO and start dominating today!

Watch the Showdown introduction video here:

Table of Contents

• Introduction

• Clan Battles

• Win2Earn

• Platform Flow

• Back-end Architecture

• Closed Beta Sign-up Form

Introduction:

Showdown Gaming aims to revolutionise the eSports and competitive wagering landscape by bringing the benefits of the Web3 ecosystem to Web2 gaming. This involves creating a bridge between the two ecosystems and allowing gamers to use decentralised financial tools within the traditional gaming environment. The goal is to provide a platform where gamers can seamlessly wager, transact, and compete using a secure and transparent blockchain-based system.

The gaming industry is a significant contributor to the global economy with its revenues surpassing that of the global movie industry, and its continued growth presents a unique opportunity for DeFi integration. However, the slow adoption of Web3 payment solutions in Web2 gaming platforms has prevented gamers from experiencing decentralised finance's many benefits such as reduced fees, increased security, and financial autonomy when participating in Web2 gaming platforms. The initially slow adoption of Web3 payment solutions represents a significant gap in the market that needs to be addressed to ensure a seamless transition between the two ecosystems.

Key pain points

1. As of now, tournaments and wagering in Web2 gaming are primarily offered by centralised platforms that are trust-based, opaque, and custodial.

2. All game wagering and eSports platforms that currently exist either focus on speculative betting on professional matches or if focused on skill-based wagering for recreational gamers, are not scalable, as they require users to manually report the result of games played.

3. Lack of win 2 earn solutions integrated with existing web2 games, leading to reduced web2 user acquisition for the web3 gaming ecosystem.

Relative’s unique smart contract architecture will be used to power the first game-agnostic application that will facilitate automated and instantaneous settlement of wagers and tournaments by querying the game server directly for match results and posting them onto the blockchain. The platform's smart contracts automatically manage the distribution of winnings based on predetermined rules, providing a fair, transparent and trustless environment for players to operate in.

Until now, the ability to earn a monetary reward for hours of hard-work and dedication has only been available to eSports teams or top-ranked players and professionals. Showdown will democratise the gaming industry by giving players the opportunity to bet on their own skills and unlock a new paradigm for gaming. Showdown will launch with wagering and win 2 earn for CSGO while also focusing on other popular multiplayer games which have an open source server architecture that is compatible with Showdown.

Web3 games had over 1.15 million daily active wallets in 2022, but this constitutes only 0.03% of the total gamers worldwide (3 billion). The potential market is massive - with the majority of projects in the GameFi sector failing to attract the web2 gaming community. With recent advancements in fiat on-ramps, account abstractions, and gasless transactions, Showdown can benefit from the removal of significant barriers that previously existed to onboarding web2 users onto the blockchain.

Clan Battles

Players can either wager in a 1v1 mode or in a clan v clan mode, and can determine game type, mode and rulesets of their choice. Game parameters include variables such as; the map, number of rounds, restricted weapons, wager per player, and the scheduled time of wager.

Once the game is over, the smart contract queries the game result directly from Relative’s web2 gaming oracle which is directly integrated with the CSGO servers and the platform initiates a payout to the winning team.

Win-to-Earn

The Showdown platform introduces the first ever win-to-earn game modes for Web 2 gaming titles. Win to Earn ensures a fair and logical distribution of rewards as a player must win against others in order to receive a reward as opposed to the conventional play to earn model which incentivizes participation over merit. These rewards can be accumulated and utilised to wager on Showdown allowing for a skillful gamer to first generate capital that can then be compounded through successful showdown victories.

Platform Flow

The user interaction flow on Showdown is designed to be as intuitive and user-friendly as possible:

• Players log-in to the Showdown platform using their Steam IDs after which a Web3 wallet is instantly generated and linked to their Steam ID.

• Showdown will integrate with payment gateways to provide players with a convenient way of converting their fiat money to crypto and vice versa.

• After logging in through Steam, players can browse through various games, create or join clans, challenge other players, compete for rewards in our public servers, and place their wagers using cryptocurrencies.

Clan Management:

After logging into Showdown with their SteamIDs players have the option of either creating or joining a clan. The creator of a Clan is assigned the Clan leader role and will have admin control on adding players, assigning players role and permissions, and initiating challenges/ wagers. Each Clan will have its own unique id with the platform tracking match stats and wagering history record. A clan can have an unlimited number of players.

A clan can whitelist which players it wants to participate in a specific wager, league or tournament.

Alternatively clans can recruit players based on filters such as language, skill level and role to find and attract new players.

Players themselves will be able to search for clans and request invites into their preferred clans.

Anti-Cheat and Dispute Resolution

Showdown will use two mechanisms to prevent and mitigate aimbots and cheating:

• Hotguard Anti-cheat which uses heuristic and signature based detection to identify known and unknown cheats by scanning for anomalous objects in memory and on the file system. Players that are caught using aimbots / cheats will be blacklisted and their wallet addresses and steamIDs banned from Showdown servers.

• Dispute Resolution Governance (coming soon): After the completion of a game, players have the ability to raise a dispute and raise a red flag if they suspect another player of cheating. The dispute resolution period for competitive matches initially will be set for 1 hour, where the first-person view screen capture of all players is available for review. The initial phase of the dispute resolution process is the ‘whistleblower’ phase where players have the ability to report one of their opponents for cheating by staking a predetermined amount of RLTV (Relative’s native token) to initiate the dispute - a dispute only moves to the second phase if voted for by the majority of players on the opposing team. The second phase consists of an independent review by arbitrators, who go through the video footage captured from the disputed game and make a final and binding decision on the dispute. Players found guilty of cheating or hacking are banned with their SteamIDs blacklisted from all Showdown servers. If the player in question is found to be innocent then the ‘whistleblowers’ are penalised by having their staked tokens slashed and transferred to arbitrators.

Showdown NFTs and Steam Airdrop

Players will be able to mint and claim a Showdown Dog Tag at launch. These NFTs will serve as the player’s customizable profile and decentralised identity in the Showdown ecosystem. Players and clans can personalise their profiles, showcase their achievements, statistics, and personal information. Showdown Dog Tags will be free to mint, are soul-bound (i.e. non-transferable) and will be upgradeable based on player progression on the platform. Players are offered greater customization features as they progress through tiers and ranks, and can update their dog tag to reflect records and stats they want to showcase. As the Showdown Dog Tags record all in-game progress made by a player they will serve as an effective tool to prevent smurfing and also curate token gated matches, tournaments and competitions.

Early adopters of the Showdown platform will also be eligible to claim a token airdrop - with eligibility and allocation linked to a player’s history and statistics on Steam and CSGO. Additional information and details on the minting process, NFT rarity and utility will be shared in due course.

Back end structure

The smart contract architecture is extremely simple and is designed to facilitate autonomous scheduling and resolution of wagers for open-source web2 games.

Components:

1. Showdown-contract

2. Showdown-subgraph

3. Showdown-api

4. Showdown-game-server (Example - CS Go servers)

Smart Contract Flow:

1. A user creates a match using the createMatch function on the Showdown-contract. They enter match-parameters like mapName, round time, startTime, prize and the 2 team names.

2. 10 users individually join the specified match on either teamA or teamB (5 users per team) and place the wager using the joinMatch function on the Showdown-contract. Every user has to enter his/her steamId in the joinMatch function.

3. All this information is saved in the Showdown-subgraph as it reads events from the Showdown-contract.

4. Showdown-api has a function getMatches which checks for matches in which all 10 members have joined and the startTime of the match is in 1 minute range of the current time, then it queries all the match related information from the Showdown-subgraph like steamIds, mapName etc.

5. Showdown-api then initialises the match on the CS-go server, sets the match variables and whitelists all the 10 steamIds provided using the queried data from the Showdown-subgraph.

6. Users must have Steam and CSGO installed on their machine. There will be a Launch-Match button on the frontend which will link to "steam://connect/IP:PORT(game-server)" and on clicking it, if the user's SteamId is whitelisted the game will start.

7. Once the game is completed, the CS-go-server will send a POST request to the Showdown-api with the statistics for the match. Showdown-api will determine the winner and call the resolveMatch function on the Showdown-contract with the result.

8. After that users can withdraw their claim using the withdrawClaim function on the Showdown-contract.

Showdown Beta Program

Showdown will be launching in September - sign up here for early access to the closed beta.

We are excited to announce that Relative’s first product - Peer-to-Peer Relative Value Wagers - has launched its Open Beta on Arbitrum this week!

So far, over 3500 wallets from the Polygon community have participated in the quest campaign live on zealy.io (check out the quest dashboard here) with more than 100,000 XP earned. Additionally, the first snapshot and distribution of the xRLTV token was successfully completed last week with over 2500 wallets receiving tokens for XP earned by completing daily quests on the Relative Polygon dApp.

The goal behind this open beta is to give community members a chance to explore the platform, provide feedback, and help the Relative ecosystem iterate and work towards a highly polished suite of decentralised derivative products to be released on dApp MainNet launch.

Why Arbitrum?

While Relative will continue building and growing on the Polygon chain, the plan has always been for all of Relative’s dApps to be multi-chain. Launching on Arbitrum is the first step in this direction.

Arbitrum’s thriving ecosystem, coupled with its active and passionate community of DeFi natives, makes it a perfect match for Relative’s SocialFi product, giving community members the opportunity to monetise their beliefs and speculate on the ‘relative value’ of their favourite projects.

Arbitrum also has a strong track record in onboarding some of the biggest DeFi projects, providing reliable infrastructure for builders, fast transaction speeds and low-costs for dApp users.

Community Incentives

5 Million RLTV (0.5% of total supply) has been initially allocated for the Arbitrum community. Early adopters of the Relative dApp on Arbitrum have the exciting opportunity to earn xRLTV (an IOU token for RLTV - Relative’s native token) by completing quests, participating in competitions and being actively involved on Relative’s social media channels.

Relative Finance already has a quest campaign running on Zealy for early adopters, which can be accessed here - community members can now complete quests on either the Polygon or Arbitrum chain and earn XP. Every 10 XP earned on Crew3 will be converted to 1 xRLTV (xRLTV can be swapped 1:1 for RLTV at TGE).

As Relative is still in beta, all wagers are made using RUSD - a non-transferable testnet stablecoin with no real value, created purely for the Relative beta users. Simply use the faucet available on the Relative website to mint RUSD and begin exploring the dApp.

What is the Peer-to-Peer (P2P) Relative Value Wager?

Detailed information on the Relative ecosystem and the P2P Relative Value Binary Wager can be accessed here.

P2P Relative Value Wagers allow speculators to predict whether one asset will outperform another within a given time frame. Users backing the winning asset receive double the amount they wagered with the opposite side losing the entire amount wagered.

There’s over 150 assets currently whitelisted on the dApp - allowing users to create over 10,000 combinations for asset pairs.

Check out the explore assets page on Relative to learn more about whitelisted assets.

Users can speculate across all asset categories in the peer-to-peer market - making Relative one of the first platforms to offer cross-asset speculation!

Numerous synthetic crypto indexes have also been created and listed on the platform, allowing participants to speculate on the relative strength of each index (for example: Metaverse index vs DeFi index, or Polygon ecosystem vs Avax ecosystem).

New assets and asset classes that meet prescribed criteria will be whitelisted for the peer-to-peer market, with the Relative DAO eventually being responsible for governing the platform.

There’s lots more planned for the Arbitrum community, so make sure to join Relative’s Telegram, Twitter, and Discord and get involved. Subscribe to our Mirror and stay tuned for more updates from Relative.

Current Market Limitations

The crypto community today has access to various spot, margin, and futures markets to speculate on their favoured cryptocurrency, albeit using a limited selection of token pairs (ordinarily BTC, ETH, and stablecoins). As capital continues to flow into and out of the crypto industry, market participants are deploying sophisticated and innovative trading strategies to profit off the volatility of and correlation between different assets. Despite this, the multi-billion dollar decentralized finance industry does not offer structured products that allow users to capitalize on the relative value of an asset.

Despite incredible innovation in the decentralized derivatives segment and robust platforms like GMX and Dopex taking off and seeing massive success - most DeFi products have failed to address various problems currently plaguing the decentralized derivatives space. These are:

• Restriction of Asset Speculation against Fiat: Most derivative and trading platforms only allow users to speculate on an asset’s fiat value - with the majority of trading pairs being denominated in stablecoins (and a limited number in BTC and ETH) - resulting in limited opportunities for market participants, especially during periods of a market downturn.

• Lack of P2P Social Wagering - No platforms for various communities to create a wager on the relative value of their preferred asset and another competing asset in either the same asset class or a different type of asset class (think stocks vs crypto or NFTs vs crypto).

• Lack of Relative Value Futures Products - There is an absence of relative value decentralized futures products and there are very few relative value centralized perpetual contracts, with almost 99% of available decentralized and centralized perpetual contracts restricting a user to speculate an asset’s value vs USD.

• Lack of Trusted Decentralized Binary Options/Futures Products - The decentralized binary options/futures market segment is still in its nascent stage with a lack of trusted open-source protocols. The decentralized options/futures space has tremendous potential as the centralized binary options/futures market is highly stigmatized as untrustworthy.

The creation of RSDs unlocks a new paradigm for speculators and can greatly benefit the average market participant:

• Agnostic to Market Conditions: Potential for gains in a bearish or negative market environment where assets depreciate in value

• Hedging Mechanism: Speculating on the ‘relative value’ of an asset is an effective hedge against an asset’s depreciation in fiat value

• Speculate using Fundamentals: Identify and profit off market trends based on fundamental analysis of correlated assets - independent of macroeconomic conditions

• Unlock New Opportunities: RSDs greatly expand the ‘trading pairs’ available to speculators through the creation of custom pairs across multiple asset classes

Relative’s unique offering is a suite of products that allow users to speculate on and profit off the relative price action of any two assets, simply by backing their favoured asset to outperform another within a given time frame. These are:

1. Peer-to-Peer Relative Value Binary Wagers

2. Peer-to-Pool Relative Value Binary Wagers (coming soon)

3. Short-term Expiry Relative Value Futures (coming soon)

Product 1: Peer-to-Peer Relative Value Binary Wagers explained

• Peer to Peer Wagers -  Ability for users to create peer-to-peer relative value binary wagers with their own flexible time period.

• Social Challenges - Users can speculate on the performance of their favoured asset against that of a competing asset and invite others on social media platforms for 1v1 challenges.

• Agnostic to Market Trend - This product can be profitable in bull, bear, or sideways markets and unlocks profitable opportunities independent of market conditions/sentiment.

• Cross Asset/Index Speculation - Users have the ability to speculate on the performance of their preferred asset class vs that of another asset class whereas previously they were restricted to speculating on the value of their asset class vs its dollar value

Here’s a snapshot of the asset categories that will be available on Relative at launch:

• Numerous synthetic crypto indexes have also been created and listed on the platform, allowing participants to speculate on the relative strength of each index (for example: Metaverse index vs DeFi index, or Polygon ecosystem vs Avax ecosystem).

• New assets and asset classes that meet prescribed criteria will be whitelisted for the peer-to-peer market, with the Relative DAO eventually being responsible for governing the platform.

Upcoming Relative dApp Drops

v1 of the Relative dApp is in open beta and has been deployed on the Polygon Mainnet. As part of the quest campaign, 1% of the supply of the RLTV token (10,000,000 RLTV) will be minted on Polygon and distributed to the community before the launch of the RLTV token on its mainnet. Other beta programs may be launched on Arbitrum or other chains in the future.

Join our crew3 guild here and participate in the quest campaign to earn XP. Users will also be able to view their own progress in a dedicated ‘Quest’ dashboard on the Relative website. Use the faucet available on our website to mint RUSD (a test stablecoin with no real value) to explore the dApp, create RSD wagers, and be eligible for the RLTV airdrop.

Not only do these beta programs allow the community to understand more about Relative - they also allow Relative to collect valuable user feedback and conduct widespread dApp stress testing.

We’ve got a big year coming up, and are excited to finally be able to launch Relative. Make sure you engage with us on Telegram, Twitter, and Discord to stay up-to-date on announcements and news. Subscribe to our Mirror and stay tuned for more updates from Relative.