In the world we live in today, we see that the online sports betting industry has been characterized by strong growth which has been obvious. the market has doubled in size, and currently has a volume of nearly 60 billion USD ever since 2009. However, it is observed that the online gambling industry has experienced decreasing levels of trust and diminished reputation in recent years. So many traditional online bookmakers face many problems, which includes lack of trust, lack of transparency, strict regulations, and high operational costs resulting in high margin odds in favor of the bookmaker and all stemming from their centralized structures. Big centralized companies are in charge of the outcomes, odds, and player funds, which ends up in a lack of transparency and trust as perceived by the end user.
A blockchain based platform that has been created to solve or to tackle these problems that the online sports betting industry is facing. Have you heard of BX?
BX is a blockchain based betting and prediction market ecosystem that is designed to change the way the world bets. 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 by using the BX Token, which is conceived to become the global standard for all betting transactions.
BX will change the current situation by eradicating all of these issues. With a decentralized blockchain solution, these centralized processes will be replaced by a trustless and distributed ecosystem running on self-executing smart contracts that is powered by state-of-the-art blockchain technologies. Players will benefit from full transparency, while gaining total control of their betting experience.
The BX platform will provide a betting ecosystem that utilizes blockchain technologies, especially smart contracts, to give its users full control over their funds and betting transactions at all times. BX allows the players to benefit from full transparency and total freedom in their betting experience, and neutralizes the aforementioned problems and weaknesses of the current betting industry. All these things are done as the betting process is decentralized. It is amazing to know that the BX ecosystem provides its users the unique opportunity to trade bets in three different types of markets: sports (including esports), prediction markets and financial markets.
BX is convinced that the future will be decentralized and it is possible to revolutionize the way the internet is structured with the continued rise of blockchain technology today.
TOKEN DETAILS
The vision of BX is to create an ecosystem which fully supports each of these vertical markets, and provides a truly unique and engaging experience for all players.
BX is indeed the decentralized Betting eXchange and it is a betting ecosystem that fulfills all of the Srequirements to act in the best interest of its users, by giving them full control of their actions and funds at all times.
ROADMAP
BX is the future of betting! Go For It!
For additional Information about BX, please visit the following:
Website : http://www.bx.bet/
Whitepaper : https://bx.bet/static/files/whitepaper.pdf
Telegram : https://t.me/bxbet
Twitter : https://twitter.com/BXBETico
Facebook : https://www.facebook.com/BXBET/
Medium : https://medium.com/bxbet
Youtube : https://www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw
ANN thread: https://bitcointalk.org/index.php?topic=4641799.0
My BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1759573
Authored by fireman2001
My ETH address: 0x997098D0Ff8d0C0124aA0690e1c764B420691301