Hey guys, the project am about to present to you is one that that will go down in history as a major breakthrough in the sports industry. As a sports lover I can tell you that at the end of this article you will understand why I am this excited about the BITGOALS’ project.
OVERVIEW
I have seen friends and family members lose money in sports betting week in week out. The reason is not because the sports betting industry generally is bad but because the existing platforms are faced with trust and transparency challenges which is as a result of the fact that they are centralized.
The sports betting industry as you know is a multi-billion dollar industry and there are millions of sports lovers across the globe that are sold out to sports betting and I think they deserve a better experience. Integrating the blockchain technology which is the most transparent technology on earth will go a long way to making the sports betting industry trustless, secure and transparent; this is exactly what the BITGOALS project is out to do.
Before we go into details on what the BITGOALS project is all about, it is important that we look at the challenges that the existing sports betting platforms are facing; this will help us appreciate the solutions provided by the BITGOALS platform.
CHALLENGES FACED BY EXISTING SPORTS BETTING PLATFORMS
My nephew is an addicted sports lover and also a lover of sports betting. He once signed up with a sports betting platform and after series of betting he decided to withdraw and the withdrawal took weeks. You can imagine using a split second to make deposit in a platform but staying weeks to get your withdrawal processed. This is one of the major challenges faced by most “sports betters”. In some cases you might even click on withdrawal and you will never get your money back.
This has led to a major challenge of not knowing the sports betting platform that is genuine. Trust has become a scarce commodity amongst “sports betters” because the existing platforms are not transparent and also secure. We have heard of cases where sports betting platforms were hacked and the platform shuts down with participant’s money developing wings!
Another major challenge facing the sports betting industry is legalization. I most countries sports betting is illegal, in some countries you need to obtain license before you will be allowed to run a sports betting platform. This poses a major restriction to sports lovers in those countries from participating in this multi-billion dollar industry.
THE BITGOALS SOLUTION
The BITGOALS platform is a blockchain based sports betting platform designed by a team of professionals with several years of experience in the sports betting and blockchain industry with the aim of making the blockchain industry an industry that can be easily accessible by all, transparent, trustless and highly secure.
Users of the BITGOALS platform will enjoy hitch free deposit and withdrawal of funds unlike the traditional sports betting platforms. Being a platform that is built on the blockchain technology, BITGOALS is a transparent, trustless and a highly secure decentralized platform. As a decentralized platform it can be accessed by sports lovers across the globe irrespective of the laws because it does not require a license to run.
Also because this platform is built on the blockchain network, betting odds cannot be manipulated because of the transparency of the blockchain technology. The platform has a token known as STP; the token will be used for all transactions on the platform and one advantage this token has over other tokens is that it can be swapped with bitcoin; it’s not that kind of token that gets stocked in your wallet because of it not having real time value.
This is a platform to be part of because it is set to revolutionize the sports industry; you can get more information about this platform from the links below:
Website: LINK
Announcement Thread: LINK
Whitepaper: LINK
Writer: Sorento
ETH ADDRESS: 0x27D90C131D8C7b19107f9200857337F1dB1CfEf3
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1910177