The bets are relevant today and tomorrow.
Recently, the popularity of online sports betting has increased very much. From 2009 to date, the market volume has grown to almost 60 billion US dollars. But even despite such indicators, the level of trust in online games and their reputation have declined. Today, online bookmakers meet with a number of problems, among them: high operating costs, strict rules, there is no trust and transparency and much more. All this is the result of centralized online betting.
The BX project is designed to eliminate such problems. This is an ecosystem of bets on the Blockchain platform, using intellectual contracts, and acting in the interests of users. Such a system helps to have control over actions and funds and the ability to bet at any time. BX guarantees free and transparent practice of bets and elimination of those deficiencies that were mentioned above.
Differences of the BX project
The market will lose liquidity if:
- There are no available BUY orders for the result on the betting market
- There are no available SELL orders to enter the betting market
- There are no available BUY or SELL orders for the result of bets
The BX project is a bet exchange, which means that players make equal bets. You can compare it to a stock exchange, since players can sell or buy bids, and also publish purchase orders.
One part of people believe in one scenario, another part - in another one. The same bulls and bears, the same fight against each other. Just like at the crypto exchange, the purchase order means a belief in price growth, and the sell order is a belief in the price drop.
The buying process is a traditional style of betting. The player puts on the result, expecting just such an outcome. BUY in the BX system is similar to BACK on traditional betting exchanges. The player either makes a quick bet, taking odds, or places his own order.
The BX project will offer users cash. Players will be able to cash out winnings by selling their bet to another player.
BX Application - clear and functional with a completely new interface:
- Users will monitor all operations and results, any actions in the ecosystem.
- Users can create their own betting markets, invite relatives and friends.
- The application will have a user-friendly interface.
- A large number of markets and the decision on which of them to bet.
- Voting system to be able to determine the results of bets and receive a reward for fair results.
Conclusions
The main task of BX.BET is to provide participants with the best experience in the market. With this decentralized bet exchange, players will enter a completely new level of rates. Since the BX project is based on Ethereum, it relies on performance and scalability. These 2 factors will become central to the development. It is also planned to create a new single-purpose block circuit, which will be used only in the BX system.
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ETH: 0x899206FB01244D2bb9258c4817f0dfb6b16B2C1a