What is BX.Bet ?
This is a blockchain based ecosystem that is bent at resolving all the challenges faced in the betting industry. BX want to create a new betting industry that will eradicate middlemen (bookmakers) and place the odd determining power in the hands of the users. This will be possible with the use of BX token that will be the standard of the transaction in the platform and global betting industry. This will allow transparent payment and eliminate intermediaries the whole process of betting. The BX.BET will revolutionize the betting industry by offering the users a fantastic betting experience. Below are the features that make BX.BET exchange amazing.
BX has the vision to create a whole new betting experience, where any user 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. All by using the BX Token, which is conceived to become the global standard for all betting transactions.
PROBLEM OUTLINE
Lack of Transparency: The sentiments with which the odds of games are based are not ascertained and most time intransparent, with no clear insight on how bettors are placed for each bet. This most time only favored the bookmakers.
High Operational Cost: Bettors are often unduly face with high charges of fee due to the centralized structure of the traditional betting industry that gives room for many unnecessary operational fees imposed on the platforms by their various government.
Player’s Limitation: Bettors do not have any say in the running of the betting industry; they have no say in the selection of available betting market, no influence in odds selections and so on.
Provider’s Interference: The bettors that win more often most time face with the possibility of limiting their activities on the platform or worst still they can be totally banned. This is due to the centralized structure that allows traditional bookmakers to interfere and trying to regulate the player’s activities on their platform.
Lack of Trust: Due to the centralized nature of gambling industry, the bettor must transfer their funds into a central account control by the bet providers, which at time can lead to misappropriation of bettor’s money, leading to slow payment of withdrawal’s request or worst still not paid at all. Which in turn raised trust issue in the industry.
Solution
Bx bet has revolutionized the sporting industry. It is a decentralized ecosystem offering participants a secure, transparent, reliable and easy to use platform where sport-related activities managed by cryptographically verifiable code.The platform allows for users unlimited betting amount. The system records the financial status of players and distributes rewards fairly. Also, unlike the traditional system where big payouts are done in bits, players Enjoy instant payment rewards in no time and can decides whether to withdraw Bx.bet or how to use it.
BX Application
BX App is designed both for Android and iOS. Though the functionality of the mobile application will be restricted to essential features at the initial stage, its scope will be extended in the future.
TOKEN SALES DETAILS
For More Information Visit:
Website: http://www.bx.bet/
ANN: https://bitcointalk.org/index.php?topic=4641799.0
Whitepaper:https://bx.bet/static/files/whitepaper.pdf
Telegram : https://t.me/bxbet
Facebook: https://www.facebook.com/BXBET/
Twitter: https://twitter.com/BXBETico
Author details Bitcointalkprofile url : https://bitcointalk.org/index.php?action=profile;u=1302353