Everyone likes to come out the winner in the dispute. During communication people argue on trifles and on-large. Often, during a dispute, people turn on the excitement and they are ready to put their own money on an event. In order for the dispute to be resolved fairly at the end of the event and the winner to receive his / her prize, the third party not interested in any particular result (except for the cancellation of the event) is involved in the bet. This is how bookmakers appeared. They earn a percentage of each event, regardless of the result of the event. Bookmaking has developed over the centuries, at different times it has been outlawed in many States. Now sports betting is officially allowed in most countries of the world, and bookmaking continues to develop. A new step in the development of bookmakers is the emergence of blockchain technology and cryptocurrencies, and the main player in this area in the near future plans to become a new company from professionals in this field ZenSports.
The current situation in the sphere of bookmaking
With the development of television, digital technology and the Internet, sports betting has become available to the majority of the world's population. Since 1999, more than a thousand online bookmakers offer their services. At the same time, for those who like to bet on sports and get their winnings in this area, there are still inconveniences. Here are some of them:
- Difficulties with registration and entering money. Different sites belong to different countries, often they do not accept those types of payments that are convenient for players. For example, only 48 online bookmakers accept cryptocurrency for entry.
- Limited number of events and bets inside the event. Most likely, you will not find a bet on your district team in the intracity championship.
- Big hidden commissions. For example, if you want to bet on the result in an event where the chance of the outcome is 50:50, instead of the expected doubling of the bet you will get only 1.80-1.90, i.e. the bookmaker's Commission is up to 10% of each bet.
- The betting odds are determined not by the player, but by the bookmaker. A player cannot create his / her own odds on an event and place his / her bet on that odds.
- Difficulties with the withdrawal of winnings. Bookmakers do not like to give money that is stored in their accounts. Withdrawal time can be 1-2 weeks, during which there may be additional difficulties.
- Risk of losing your entire Deposit in the event of termination of the site. So happened already many times. The bookmaker's website simply stops withdrawing deposits, and then completely closes, and the organizers stop responding to any calls and letters.
This is not the whole list of available problems in the field of online sports betting which ZenSports successfully solves .
ZenSports allows you to win more without risking your Deposit
For any experienced betting lover all these inconveniences have long been known and do not cause doubts. Let’s see how ZenSports resolve all of them.
- Easy and convenient registration. It is enough to download the mobile application from PlayMarket or AppStore, which are already available. You do not need to enter funds, all funds are stored on your personal secure wallet in the SPORT cryptocurrency, which you can buy either during the current ICO or later on the exchanges.
- There are no restrictions in creating events. The ZenSports platform is designed so that everyone can create a bet, make his own bet and wait for the answer to this bet from any participant of the system.
- The Commission is less than any other bookmaker. The Commission on the bet is from 2% to 4% depending on whether you are the Maker of the bet or the Taker. In addition, the entire Commission is fairly distributed within the system, as will be discussed below.
- The player determines by what coefficient he is ready to bet on the event. This brings us back to those bets that were before the appearance of centralized bookmakers. And now anyone can agree to your bet, even from another continent!
- No difficulty with the withdrawal. The withdrawal is simply not necessary. After confirming the outcome of the event, the winnings are automatically credited to the winner's wallet. Crypto currency can be immediately sold on the exchange, although it is more profitable to keep it at wallet, about this a little further in the article.
- No risk of losing the Deposit. Cryptocurrency is created once and does not disappear. All SPORT tokens are stored on users ' wallets and no one will run away with them.
It should also be noted that the whole ZenSports platform based on blockchain technology. This allows us to say that all the results of events, money transfers and other important information will be securely stored in the blocks of the chain. This gives guaranty of honesty and openness in the work of the service.
SPORT token: why it is needed and where to get it
All financial transactions within the platform will be performed using the SPORT token. This token is built on the ICON Protocol (#31 in the top-100 Coinmarketcap), which is more modern than the ERC-20 tokens from the Ethereum platform. ICON is also an important investor and partner of ZenSports, which once again confirms the prospects of this project. The first stages of Private Sale have been successfully completed. Private Sale ends in Novemver, 30. Dates of the main sales stage: December, 1 – December, 21. The only way to purchase SPORT tokens is to buy them using ICX cryptocurrency from ICON. 1 ICX = Approx 125 SPORT ($0.0048). For early sales participants there are bonuses of up to 50%.
The distribution of commissions among the holders of SPORT
And finally, all 100% of the commissions from the bets are distributed among the holders of SPORT tokens depending on the number of tokens on a particular wallet. Distribution occurs once a month. The company ZenSports earns as the largest holder of SPORT tokens. At the same time, the company intends to spend most of the profits on improving the quality of service and product promotion. About these and other plans of the team ZenSports, as well as learn more about the team, you can read the White Paper, as well as on the official website of the project.
Conclusion
It is too early to say that with the advent of ZenSports, the entire online sports betting market will turn upside down, but the prospects of this fact should not be underestimated. The blockchain will probably change this market. The application from ZenSports, which currently works with only Fiat currencies is already available in the Play Market and AppStore, and you can make your own bet with any smartphone owner using this service right now.
Official website: https://www.zensports.com
Whitepaper: https://docsend.com/view/4urtzeg
Telegram: https://t.me/ZenSportsICO