In recent years, the popularity of betting on the results of sporting events on the Internet is growing rapidly. From 2006 to the present day, the total volume of this industry has increased to 60 billion dollars. However, despite such a rapid growth in popularity, the industry has a number of disadvantages, including:
- the decline in confidence;
- restrictions on the freedom to choose bets;
- lock often winning players;
- limit the amount of winnings;
- a low level of security of financial transactions;
- lack of transparency.
The new decentralized platform BX.BET will change this situation and provide players with more opportunities.
Project objective
Among the main objectives of the creation of this decentralized platform, the developers highlight the elimination of Unallocated processes in order to ensure transparency and full control over the rates, as well as reducing the costs of financial transactions and ensuring the protection of customer funds.
Principle of operation
For its work, the platform will use Ethereum smart contracts, allowing to ensure the honesty of bets, as well as transparency of the payment process.For bets, players will be offered 2 types of markets:
- private;
- public.
Private markets will be available only at the invitation of the Creator of the market. Such markets can be created by a group of friends or family, in which all participants are familiar with each other. This decision will be a new word in the world of sports betting and will attract more players to the industry. Moreover, in private markets, players will be able to bet without an intermediary and not to use any fees.Public markets will be available to everyone. At the same time, the level of Commission fee will not exceed 4 percent. Bets are allowed to do absolutely everything.
It is important to note the fact that almost every person who is a member of this platform will have the opportunity to create their own market and become a bookmaker.To attract the largest possible audience, the new decentralized platform BX.BET will have the following features:
- easy and convenient creation of markets and inviting participants using applications, plugins or the platform itself;
- a wide variety of configurations of market rates;
- the low level of fees, designed to cover the costs of the Blockchain;
- ability to create private groups;
- providing access to all public markets through the platform.
In addition to all the above, the platform will have a unique voting system that will eliminate the possibility of falsification of results. In addition, this system will provide a reward to users for a fair vote, which in turn will form a rating of the most honest and reliable bookmakers.
To use BX.BET will be possible with the help of a specialized mobile application, plug-ins or through a browser.
The main component of the ecosystem will be the ERC20 standard BX token, which can be used for:
- making bets;
- creating betting markets;
- determine the outcome of the market.
Also, this token will be paid as a reward for a successful prediction. BX coins can be purchased at a bargain price during the ICO period.
Dates and details of the ICO
As part of the ICO, the developers intend to sell 120 million coins. The cost of the 1st BX will be 0.19 USD. Pre-sales will take place between the 15th and the 29th of October this year, and official sales will start on the 19th of November and end on the 17th of December 2018.Softcap of the project is $ 5 million, hardcap – $ 20 million.
The distribution of tokens and funds is as follows:
Conclusion
Given the constant growth in the popularity of sports betting on the Internet and a number of problems associated with this industry, the creation of an honest platform with a transparent system is a very relevant idea that can attract millions of players from all over the world.In addition, this platform is able to attract investors and entrepreneurs, as it allows everyone to become the owner of their own bookmaker.
Following more information;
WEBSITE: https://bx.bet/en/
TELEGRAM: https://t.me/bxbet
WHITEPAPER: https://bx.bet/static/files/whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=4641799.0
FACEBOOK: https://www.facebook.com/BXBET/
TWITTER: https://twitter.com/BXBETico
MEDIUM: https://medium.com/bxbet
YOUTUBE:https://www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw
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