Records reveal that in 2008, a pseudonymous person named Satoshi Nakamoto released detached details that gives the detailed of an idea for a new protocol for a peer-to-peer electronic cash system based on advanced cryptography. This opened the door to a new era. It took almost ten years for this breakthrough technology to become widely accepted, and today, developers have begun to apply the core principles of Bitcoin to many other applications. Blockchain technology opens up various possibilities to disrupt the world at so many different points. The future is decentralized.
Some recent cases over the years has been characterized by strong growth in online sports betting industry. Records show that there is a present increase I market since 2009 and currently an increment in volume, however despite this prodigious growth the online betting industry has experienced decreasing levels of trust and diminished return and reputation in recent occasion. They face problem including lack of trust, lack of transparency, strict regulations and high operational costs resulting in high margin odd. Some of the big centralized companies are in charge of the outcomes, odds and player fund which ends up in a lack of transparency and trust as perceived by the end user.
The recent innovation concept of block chain technology platform has projected a decentralized betting process known as BX.BETTING, this platform with the help of block chain technology its will allows the players to benefit from full transparency and total freedom in their betting experience by providing a better ecosystem that utilizes block chain technologies including the smart contracts in giving the users full control over their funds as well as the betting transactions at all times.
BX.BETTIG OVERVIEW
BX is a block chain-based betting and prediction market ecosystem, designed to change the way the world bets. With BX, there will be 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 BX ecosystem will provides its users the unique opportunity to trade bets in three different types of markets: sports prediction markets and financial markets. They will use an interactive approach to develop each market type with full attention to their individual characteristics and requirements. Their main vision is to create an ecosystem which fully supports each of these vertical markets, and provides a truly unique and engaging experience for all players.
Through the use of blockchain technologies, BX has the ability to disrupt the centralized betting industry, and create a new decentralized betting ecosystem with neither middlemen nor centralized structures. BX will focus on the following three key values:
POWER BACK TO THE USER BX will allow betting markets to function
DECENTRALIZATION
FAIRNESS
NO LIMITATION
The BX Exchange 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, trust less and completely transparent.
The BX ecosystem is made up of the following below:
BETTING EXCHANGE
MARKET OWNER
BET MARKET SMART CONTRACT
BETTING MARKET
FEE STRUCTURE
ORACLE
The BX token sale will introduce BX to the world in a fair, secure and efficient manner. As an integral part of the ecosystem, BX plans to establish the BX token as the central token within the betting industry. The public token sale is divided into two phases: A pre token sale and a main token sale, creating two opportunities for contributors to participate in the success of the project. Both periods contain substantial bonus offers, depending on the contributed amount in the respective phase.
Among other purposes, the BX token will mainly be used to:
● Place bets
● create betting markets
● determine outcomes of a market
● claim rewards and betting profits
Token specification
BlockchainEthereum
Token Standard ERC20
Token Symbol BX
Token Decimals 18
Total Supply 200.000.000 BX
Token Type Utility
Token for Sale 120.000.000 BX
Token Exchange Rate 1 BX = 0,19 USD
Soft Cap 5 million USD
Hard cap 20 million USD
Unsold Tokens Burned
Pre token sale minimum contribution amount 300 USD
Main token sale minimum contribution amount 100 USD
Accepted Currency ETH, BTC, FIAT
Investors Exclusions
Algeria, Bangladesh, Bolivia, Democratic people’s republic of Korea, Ecuador, Ethiopia, Indonesia, Iran, Iraq, Jordan, Kyrgyzstan, Morocco, Nepal, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, USA, Vanuatu, Yemen.
TOKEN DISTRIBUTION
TOKEN PRICE
The price per BX-token during the token sale will be 1 BX Token = 0.19 USD.
The payment for the token shall be made, at the Buyer’s discretion, in either:
● Crypto currency, namely ETH, BTC, by transferring the crypto currency to the unique wallet address, which the buyer receives after the successful KYC/AML check procedure.
● FIAT currency via Wire Transfer, by transferring the contribution to the bank account of BX, which will be in the investor backend.
BX BETTING ROADMAP
The BX team is highly experienced in launching and operating traditional online betting offerings and has worked at the C-Level of well-known brands such as Betsson, Betfair or Bwin, as well as highly successful own brands like Mobile bet, Wetten.com and esportsbetting.com. they will be ready for the next level and determined to realize the vision of creating a decentralized betting ecosystem that reinvents the betting industry, and offers an unique and unprecedented experience for its users. BX is the future of betting.
Conclusively, If you take a look at the current sports betting market, you will quickly discover the many disadvantages of concentrating resources within central structures and services. With Bxteam of industry and technology experts, they are going to change that. BX believes that, with the continued rise of blockchain technology, the betting industry can be decentralized and replaced with a self-regulating, fair, secure and reliable way to place bets — effectively eliminating all the disadvantages of the current centralized market at the same time. BX THE FUTURE OF BETTING.
FOR MORE INFORMATION AND DETAILS ABOUT BX.BETTIN CLICK ON THE LINK BELOW:
Website: https://bx.bet/en/
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
Author: Adan jumphoih
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1355924