INTRODUCTION
The innovation of change and advancement which is the cryptocurency technology has brought good tidings to the digital world already and it is not relenting in its oars because it still hopes to take over the entire system of the world without any setback in its operations. However, as it is that no other innovation has been found to be more effective and able to deliver in the shortest possy time as it, it has been set apart for distinction and has its place at the top. It is very easy for users to use it and is respected for providing permanent Solutions where other Innovations cannot. It has a high range of use and potential and the market is known to ve a vast one with new solutions to revolutionize as many sector as it comes in contact with so that the whole world can easily switch to using and dealing in the digital world with digital currencies. But as it plans to achieve that, it also plans to eradicate all forms of complexities and the traditional way of doing things such that everyday operations like payments and the ability to add value to the world system can be enhanced through easy application that won't require people going out of their Comfort zone to do things such bettings and in a bid to have that done, BETBOX is arranged by the team.
The betting industry also called the gambling industry didn't just into existence today, it has been in play for a very long time.
THE SETBACKS IMPEDING THE BETTING INDUSTRY
Lets take a close look at a few of the problems that has limited the gambling industry......
UNFAIRNESS
Over the years, one of the most important features of the betting industry (fairness), has been taken away.... leaving it meaningless.
The users or gamblers are now made to bet or gamble, with unfair advantages or odds, this is aimed at enriching the betting platform involved, at the detriment of the user.
LACK OF TRUST
This has been another issue, due to the unfairness which has set in, into the betting industry.
In response to that, the users do not trust the industry anymore, and believe me, it has really reduced the number of participants in the system, as it is difficult to deal with a person one does not trust.
LACK OF TRANSPARENCY
Absence of transparency is another issue in the betting industry, as the users does not know how the operations are carried out in the betting platforms, and the platforms are not lucid about their operations, because their is to bleed the gamblers of their possessions.
But a great news is here, a platform that will bring back the rapidly deeming light into the betting industry.
INTRODUCING BETBOX, A BETTER BETTING SYSTEM
Betbox is a fully decentralised platform, created to work on different varieties of decentralized apps (dapps).
It is directed at restoring the transparency and fairness, which has been missing in the betting industry.
Betbox as a gambling platform also facilitates competition in the gambling industry.
I know, this bags a big question of "how?".....
How will betbox achieve all these?
Here, to give answer to that question.....
BETBOX 'S APPROACH TO RESTORING TRUST, LUCIDITY AND FAIRNESS
With the use of the blockchain, Betbox will achieve a great level of efficiency in the gambling industry.
It will utilize the blockchain technologies such as, smart contracts, to run the betting operations, in order to ensure that the betting odds are fair, and that all the winnings of every user are allocated to them.....
This will bring back the trust, transparency and fairness that has been absent from the betting industry for a long time now.
In order to ensure wide adoption, Betbox will run a system that facilitates wide device coverage as well as an efficient user support system, to help the users.
So yea, you can now bet as much as you want, Betbox will always have your back.
THE BETBOX TOKEN
The OX coin is the betbox official currency, which is recognized and accepted in the platform.
It is designed based on the ERC - 20 standard and has a lot to offer in terms of utility, as it can be used to stake during betting and also used for payments.
CONCLUSION
Betbox is here for all, bringing with it, great opportunities for the users to alot from the betting practice.
It will rekindle the already quenched flame in the betting industry.
Roadmap
Team
To Learn More Kindly Visit The Following Links
Website: https://betbox.app/
Technical paper: https://betbox.app/required/lightpaper-v1-betbox-decentralized-betting-app.pdf
Telegram: https://t.me/betboxGlobal
Twitter: https://twitter.com/@betbox_OX
Writer Details
Bountyox username: aminaayodele1