BX is a blockchain-based betting and prediction market ecosystem, designed to change the way the world bets. With BX, we are making a decentralized betting exchange without a middleman and centralized structures, that can disrupt and redefine the traditional betting industry by offering its users a novel and enhanced involvement.
BX – the decentralized Betting eXchange – is a betting ecosystem that satisfies all prerequisites to act to the greatest advantage of our users, by giving them full control of their activities and funds constantly. The decentralized structure of the BX betting exchange takes out the likelihood of a solitary purpose of disappointment. In mix with the betting exchange model, the BX framework will encourage a completely straightforward and easy-to-use betting background. We trust that centralized betting models will turn out to be immediately outdated, as users start to completely understand the huge advantages of a decentralized model.
The BX betting exchange forms the central hub for its users to accept or offer bets on the outcomes of the markets.
FEE STRUCTURE
BX will establish a fair and transparent fee structure, which is solely designed to keep the ecosystem running. The overall fee will be significantly lower than industry standards.
BX SMART CONTRACTS
All BX betting transactions, as well as payouts, will run safely, autonomously and transparently on the blockchain by using Smart Contract Technology.
MARKET OWNER
Becoming a bookmaker has never been so easy. In the BX ecosystem, every user can become a Market Owner and receive a share of the market they have created.
BETTING MARKETS
BX will offer two types of betting markets within the ecosystem: private and public markets.
ORACLE
BX will introduce the BX outcome voting system as a decentralized Oracle to determine the outcomes of the bets securely and reliably.
BX.BET Feature
BX is a blockchain-based betting and prediction market ecosystem, designed to change the way the world bets. With BX, we are creating a decentralized betting exchange without a middleman and centralized structures, that has the ability to disrupt and redefine the traditional betting industry by offering its users a unique and enhanced experience. On BX, users can take over the role of the bookmaker, create their own markets, place and offer bets with self-determined odds, and even participate in the outcome determination of a market.
Ultimately the community decides whether a new market or a bet gets accepted or not. The usage of the bespoke BX token as the key component to enable all betting transactions on BX, together with a strongly community-driven ecosystem, creates a unique and unprecedented betting experience with a strong focus on transparency, fairness and decentralization - without any limitations and restrictions.
The Solution
BX is seeking to neutralize these problems as well as the weaknesses currently plaguing the gaming industry through the introduction of its BX ecosystem. The ecosystem will make it possible for all the players to enjoy total freedom, as well as full experience when betting.
Its ecosystem is powerful and properly distributed making it one of the best prediction and betting ecosystems currently using smart contracts. All the transactions executed on the platform, as well as the payouts that are to be made, will be run in a safe and autonomous manner.
This will take place via its Ethereum blockchain. It will also be done through the use of smart contracts. The solution being proposed by BX is one that seeks to do away with the middleman. It will, therefore, be providing its users with total control over all their betting transactions, as well as the funds being held in their digital wallets.
BETTING INDUSTRY ISSUES:
Traditional betting operators require a high level of trust — sometimes used by betting makers, to the detriment of their users. On the other hand, this responsibility results in high procedural and financial expenditures for bookmakers as well.
Traditional betting process processes remain hidden, giving no insight into what information causes special opportunities and making it impossible to ascertain whether the opportunity is fair or too far on the other.
In today’s sports betting landscape, players are severely limited in freedom of betting. bets can restrict players in their betting behavior and even punish players who often win, by banning or restricting them.
High costs are required to run traditional betting operators safely and efficiently for both players and companies alike. This cost is reflected in the high margin opportunities and directly charged to the players.
Betting Markets:
The BX platform will consist of two types of markets:
• Private market: Private markets will be for those who want to carry out betting in small groups mainly within their family and friends’ group. A person can access this market only if he/she gets invitation from the market creator.
• Public Market: Public markets will be accessible to all the users of the platform.
Decision:
BX takes care of all current problems, decentralizing the existing biological betting system. BX will bring the customers to full control over their store. Blockchain offers complete simplicity and greater security for players. Stage BX will begin to exchange common rates, which will allow customers to create markets, deal with results and make bets. The costs at this stage will be reduced to the current.
Assets will remain in interesting contracts at any time when a bet occurs. In the end, the one who wins the assets, exchanges directly with the purse of customers on these lines.
The scenario will use the voting framework as a decentralized prophet to find out the results of the rates.
Roadmap
TOKEN DISTRIBUTION
60% Token Sale
10% Team
10% Advisor
5% Bounty
15% Company Reserve
FUND DISTRIBUTION
50% Development
25% Marketing
15% Operations
5% Legal
5% Miscellaneous
More informations :
Website : http://www.bx.bet/
ANN Thread : https://bitcointalk.org/index.php?topic=4641799.0
Whitepaper : https://bx.bet/static/files/whitepaper.pdf
Telegram : https://t.me/bxbet
Facebook : https://www.facebook.com/BXBET/
Twitter : https://twitter.com/BXBETico
Medium : https://medium.com/bxbet
YouTube : https://www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw
Written By Helal
BTT Username : helal24
BTT Profil URL : https://bitcointalk.org/index.php?action=profile;u=1866785
ETH Address : 0xed5bF9D6Da651de5014167B2e949e7335AceB71D