BETFORM - Smart contract powered social betting platform

About the project
This project is a social betting platform based on the Ethereum blockchain and is called – Betform. The main task of the platform is to provide high-quality and safe gambling services.

At the same time, Betform includes all the standard features for the payment of winnings and awards to strong participants, whose skills deserve special attention. But since the platform is based on the blockchain, all the relationships between the platform and the player become more reliable, namely, all actions are fixed by means of smart contracts. This principle allows all actions within the framework of the platform to be carried out at a high and transparent level, while excluding any fraudulent and illegal operations.

Betform mission is to establish ourselves as a top decentralized social betting platform that offer players wide range of multiplayers blockchain games at a maximum degree of convenience, while adhering to the highest security standards in the ecosystem. We are able to do this by connecting blockchains, leveraging on the smart contracts, and payment channels, which works in a completely secure, instantaneous and low-cost manner.

Betform Features

Provably fair gaming
Betform uses a transparent way of generating the outcomes of its games. Our PRNG is tested and certified by a reputable test lab. Players can anytime access and verify all the card games history.

Fun and social
Unlike other online casinos, you are able to join your friends, invite your friends or even joining a table to make new friends when you play in our platform.

Transparency and security
Betform employs the state of the art technology to provide its users highly secure and efficient environment to play their favorite games. The operations are powered by smart contracts. Smart contracts would immediately pay out the winnings after each round of game ended.

Regulated
Our platform operation is regulated by licensing jurisdiction.

ERC 20 token compliant wallet app
After the ITS, we will develop the Betform wallet which would allow players to easily obtain the Betform Coin, the App will be interlinked with third-party exchanges via their APIs.

Token burning
At the end of every quarter, our smart contracts will automatically burn 5% of the commission charged. This will result in a decrease of the token supply, driving up the value of the Betform Coin.

Token sale

Token symbol : BFC
Token price : 1 BFC = USD 0.10
Total supply : 240,000,000
Hard cap : USD 9,600,000
Presale : October 2018
Open sale : January 2019

The distribution of tokens and funds is as follows:

Conclusion
The gaming industry is developing from year to year at a very strong pace. Over the past year, it has doubled and reached a turnover of 51 billion us dollars. This project is a great alternative to all existing traditional online casinos, revealing to its user not only a wide range of functions, but also the number of games. Allowing a large number of players to find exactly what they love.

If you are very close to this topic of the project and you have been looking for this kind of platform, then all you need is to go to the official sources of the project and study it in more detail for further use.

Roadmap

Feb '18
Decision to launch ICO in Singapore by Dec 2018

Mar '18
Whitepaper concept finalization

Apr '18
Game Development
• Sourcing of reputable gaming company

Smart Contract
• Start of smart contract development

May '18
Game Development
• Concept finalization and gameplay planning
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Smart Contract
• Development of state channel smart contract

Jun '18
Game Development
• Gameplay finalization & design planning
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Smart Contract
• Development of wallet contract to hold our ERC-20 token
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Legal Advisory
• Whitepaper review by legal consultant

Jul '18
‍Smart Contract
• Development of wallet contract to hold our ERC-20 token

Obtain Legal Opinion

Aug '18
Game Development
• Alpha version ready

Smart Contract
• Development of crowd sale smart contract

Sept '18
Game Development
• Beta version of APP ready
• PRNG certification from Testlab
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Smart Contract
• Development of gaming smart contracts

Oct '18
Game Development
• Release candidate for APP version
• Finalization of development of CMS & webs
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Incorporation of operation company for gambling license application

ICO pre-sale start 1 October 2018

Nov '18
Game Development
• Launching of Lite version in Google and iOS store
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Smart contract
• Finalisation of gaming smart contract development

Launching of Bounty program

Dec '18
Smart contract
• All smart contracts are audited

Launching of Airdrops program

Jan '19
ICO Open sale
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Gambling license application

Integration of smart contracts and games

Feb '19
Application for listing in cryptocurrency exchanges

Mar '19
Target to obtain gambling license
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To release Full version of game after the license approval

Meet our team