OVERVIEW
Betting have been in existence for quite some time, even since the era of our forefathers, the roman empire, they bet on gladiators, picking their favourite and placing bets, the winner of the fight determines the outcome of the bet. Till this moment we have seen betting taken different dimension, different conditions for the stakes and how winnings and proceedings are shared. With all aforementioned gamblers do end quarrelling and fighting many a times as the opportunity arises loosing party doesn't want to agree or doesn't clearly understand the terms and conditions of the bets.
Fast forward to this present times, betting have taken different turn as there have been the rapid advancement in technology worldwide, many people have leverage on this to boost their business such is the online betting industry. The bookmakers and betting operators have increased rapidly over the years as a result of technological advancements making online betting easier for them to make autonomous decisions on deciding/awarding of stakes/odds to bets. With all these monopolistic powers and decision making given to these middlemen, the betting industry faces different challenges, such that bettors/gamblers feels dissatisfied, hence making them not to trust the system, with people not trusting the system, it has led the reduce in the growth of the betting industry. But BX-BET comes with a lasting solution to tackle the aforementioned problem with it unique peer to peer betting and prediction market eco-system . BX-BET is a decentralized platform built on the Ethereum blockchain. It a platform that solves all the aforementioned problem and issues facing the betting industry. It operates in such a way in which the bettors/gamblers have little control on the odd and general operation since the platform is designed on a peer to peer betting. It also make gamblers have trust in the development of system and removes the third party option which the previously betting industries faced.
ABOUT BX-BET
BX-BET is a decentralized blockchain based betting and prediction market eco-system keenly on changing the future of betting, prior to series of challenges faced in the previous betting industry. BX-BET helps to eradicate the middleman(bookmakers) effect plans enables the bettors/end users the right to determine odds/stakes on bet. BX-BET makes use of the bx-token to achieve this goal, of which the token serves as means of payments/transactions, hence eliminating the middlemen that we previously can't be avoided, making betting easy, convenient and trustworthy to the end user.
BX-BET comes with a much more flexible and promising packages on the platform which are
Peer to peer: Bx enables users to bet against other users without prior knowledge of who they are betting with, which eradicates the chances of misunderstanding occurring between players.
Blockchain-based platform: Bx enables users to have full control and power of the betting process as all transactions are being run on the Blockchain technology. Which makes the platform very secure, transparent and autonomous as the users have control of all they do.
Fairness: With the full understanding of the platform(community) ethics, users can offer(sell) and accept(buy) bets, as there is no centralized authority or hierarchy. What mainly determines the odds is the demand and supply based on the aggregated opinions of players.
Also BX-BET platforms makes it easySocial betting
Low fees. Etc.
PROBLEMS OF THE BETTING INDUSTRY
- LACK OF TRUST
- LACK OF TRANSPARENCY
- INTERFERENCE OF PROVIDERS & LIMITATIONS
- HIGH COSTS
SOLUTION BX-BET BRINGS
BX-BET being a decentralized platform, with the help of blockchain technology solves all the problems of the betting industry, it eradicates Centralization of power and decision making, it creates a peer to peer betting method allowing players to have full control over their betting experiences. BX-BET also removes the middleman and enables users to have full control to themselves, hence creating trust to the community.
BX-BET solves all the problems and weakness from the present betting industry, by introducing a powerful and distributed ecosystem which is run on a self execution smart contracts which will significantly cuts transactions and operational costs.
BX-BET ECOSYSTEM
BX-BET TOKEN
This is the token used as a means of transaction and placing of bets on the Platform, it built on the Ethereum blockchain technology platform which is Erc20 compatible.
TOKEN DETAILS
Token: BX
Price: 1 BX = 0.19 USD
Platform: Ethereum
Accepting: ETH, BTC, and Fiat
Minimum investment: 100 USD
Soft cap: 5,000,000 USD
Hard cap: 20,000,000 USD
TOKEN ALLOCATION
ROADMAP
TEAM
ADVISORS
For more information and participation visit
Official website : http://www.bx.bet/
ANN thread : https://bitcointalk.org/index.php?topic=4641799.0
Telegram channel : https://t.me/bxbet
Twitter : https: / / twitter .com / BXBETico
Facebook : https://www.facebook.com/BXBET/
Whitepaper : https://bx.bet/static/files/whitepaper.pdf
Medium : https://medium.com/bxbet
Youtube : https://www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw
Article written by : Ogungbayi Busayo
Bitcointalk username : topiskybaba
Bitcointalk Profile link : https://bitcointalk.org/index.php?action=profile;u=2295461
Telegram username :
Ethereum Address : 0xA8eA20A8372e97EAE3b333F1063676a4412f7F04
