BX is a global peer-to-peer betting exchange, where users can create or join public and private betting markets by using the BX crypto token. With the implementation of the blockchain power of the Ethereum smart contract technology, BX can cut out the middleman and give its users full control over their funds and betting transactions at all times. The BX ecosystem is secure, tamper-proof, trustless and completely
transparent.
BX aims to become the leading platform for all decentralized betting and prediction applications. Unlike its centralized competitors, BX counters all the problems and weaknesses of the current betting industry. At the same time, BX can harness smart contract technology to significantly cut transaction and other operational costs, which leads to the low and fair fees which are set solely to keep the ecosystem running.
PROBLEMS
Lack of Trust
Traditional betting operators require a high degree of trust - which is sometimes exploited by the bookmakers, to the detriment of their users. On the other hand, this responsibility results in high procedural and financial expenditures for the bookmakers as well.
Lack of Transparency
The processes of traditional bookmakers remain hidden, giving no insights into what information led to specific odds and making it impossible to ascertain whether the odds are fair or set too far in the bookmakers' favor.
Interference of Providers & Limitations
Within the current sports betting landscape, the players are very limited in their freedom of betting. Bookmakers can limit the players in their betting behaviour and even penalize players who frequently win, by banning or restricting them.
High Costs
High costs are required to run a traditional betting operator safely and efficiently for both the players and the company. These costs are reflected in high margin odds and directly charged to the players.
SOLUTION
The decentralized, blockchain based approach eliminates non-distributed processes and allows players to benefit from full transparency and total control over their betting experience. They remove the middleman and hand control back to the user.
BX neutralizes all problems and weaknesses from the current betting market, by introducing a powerful and distributed ecosystem running on self-executing smart contracts, which significantly cuts transaction and operational costs.
THE ECOSYSTEM
Betting Exchange
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.
WHY DECENTRALIZE?
BX is convinced that the future will be decentralized. With the continued rise of blockchain technology, it is possible to revolutionize the way the internet is structured today. In recent years, large companies have taken control over huge parts of the internet.
Most of the things done online are controlled by a single company — a
middleman who holds all the power. Users have no option but to trust this company to act in their best interests and not just the interest of their own bottom line. A similar scenario was seen in the online sports betting industries, when the big players took over and created a centralized betting environment with all its associated negative characteristics.
Token Sale and ICO
This platform issues Ethereum based utility tokens called “BX”, this can be used in the internal ecosystem of the platform for the services like creating betting markets and rewards claiming.
Token Details
Token symbol: BX
1 BX = 0.19 USD
Token Type: ERC20
Total supply of tokens: 200,000,000
Blockchain used: Ethereum
Token type: Utility
Soft cap: $5,000,000
Hard cap: $20,000,000
Pre-Sale: 03rd Sep to 17th Sep 2018
Main Token Sale: 08th Oct to 05th Nov 2018
Country: Malta
Whitelist/KYC: KYC & Whitelist
Restricted Areas: Algeria, Bangladesh, Bolivia
TOKEN SALE DETAILS
Pre-Token Sale start date : 3rd September 2018
Pre-Token Sale end date : 17th September 2018
Main Token Sale start date : 8th October 2018
Main Token Sale end date : 5th November 2018
Total token supply : 200,000,000
Total tokens offered : 120,000,000
TOKEN DISTRIBUTION & FUND DISTRIBUTION
ROADMAP
TEAM
For more information, please visit:
Website: https://bx.bet
Whitepaper: https://bx.bet/en/whitepaper
ANN Thread: https://bitcointalk.org/index.php?topic=4641799.0
Telegram Group: https://t.me/joinchat/Gvx5m0lTk2MXpG9AGR1JzQ
Twitter: https://twitter.com/BXBETico
Facebook: https://www.facebook.com/BXBET/
Medium: https://medium.com/bxbet
YouTube: https://www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw
Bounty: https://bitcointalk.org/index.php?topic=4751716.0
Author: Crator Touch
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1612381
My Ethereum Address: 0x4883E31Bb22ec89Dd8ddbf24C7F57C1317C58F7d