Sporting activities are no doubt, a unifying activity that brings even enemies together. The sporting industry is booming especially that of soccer. A research into soccer tournaments such as FIFA, UEFA Champions League and La Liga reveals that club sides spend numerous funds in funding these tournaments.
Aside this, fees paid for players during transfers and club maintenance is enough to posit the potentiality of the industry. As a supporter or fan of any club, you get rewarded for your optimism. Through the system known as betting, supporters are allowed to pitch their tents with club sides they tout to have the win. Though many have become financially-independent through this sports reward system (betting), others are licking their wounds from its downside.
Existing Problems
The traditional sports industry regulated by bookmakers and middlemen is illegal. Despite its illegality, the industry as at 2016, was worth $45.86 billion USD and is touted to hit $56.05 billion USD by 2018.
Though seemingly positive, the current sports reward (betting) industry is not transparent as players cannot say for sure, how conclusions were arrived at with regards to the touted winner of the bet.
To compound the problem, bookmaker organizations that players thought to be safe havens turned out to be unworthy of players’ trusts as they churn-out low coefficients. To make the matter worse, these bookmakers have hands I virtually all bets placed through them.
Hence, they literally handpick the winner and this result in trust issues in the global sports reward (betting) system in entirety as players find it hard to continue in the light of this shortchange and overt favoritism.
To add salt to injury, funding your account is delayed as it take hours before funds reflect in your account. In the same vein, if you were able to win, your payout is delayed and when approved, transaction fees are charged and you cannot withdraw above fixed threshold.
Registering on these bookmakers sites is strenuous as the process is quite long just as you can place bets with limited amounts. The current sports reward (betting) system is perhaps encountering these issues because of its centralized approach that fuses powers to few bookmaker organizations.
A Solution
The core issue in the current betting system is largely stemmed from trust. To solve the issue, transparency must be brought to the system and that’s what Bitgoals is here to do. Powered by the blockchain technology, Bitgoals is sure to bring the core feature of the technology – decentralization to the sports reward (betting) system.
It breeds transparency through a cryptographically verifiable code that is vested with the authority of verifying transactions on its ecosystem. Bitgoals might perhaps facilitate the acceptance of sports rewards (betting). The major reason for its limited acceptance is basically because players’ interests were not covered. By decentralizing the system and bringing transparency, Bitgoals might just make sports betting acceptable.
While harmonizing the parts key players such as bookmakers and players themselves play in the industry, Bitgoals also solves other problems such as delayed payouts. You get to withdraw your earned funds almost immediately just as you can keep track of transactions on the platform.
A Working Product
I advise you port to Bitgoals for absolute betting experience. On Bitgoals you get access to what you might have missed on other platforms and bookmaker sites. Even in the illegality of the system, players find it hard differentiating between few legal operators and others who bank on using their wits in outsmarting players.
Bitgoals is a great project. On the platform you get facilitated access to place bets after getting easily registered. Bitgoals uses an efficient smart contract technology that helps you sign up for a wallet on Bitgoals. That’s it! Your registration is quite easy.
The icing on the cake is that Bitgoals is independent; hence, no regulations can stop its activities and players can have full access to their funds without thoughts of losing it. In the same vein, you can withdraw as many funds as you want just as your data is secure.
Also you don’t incur transaction fees when you withdraw your funds and there’s no limit to how much you can add to your wallet and place on games. To avoid multiple accounts by players, Bitgoals supports mono accounts for players on its platform.
Token Economics
Bitgoals utilizes the utility token known as STP. The token will feature as incentives for players and also when you want to place bets on your favorite team and sporting activity. You can also use the STP toke in purchasing additional features on the Bitgoals platforms.
Wrapping Up
Bitgoals is indeed a great approach to the sports reward (betting) industry. The platform offers incentives through its token to prospective players that merit such. There is seemingly no way for fraud on the platform as you get access to one account and nothing more.
Using the blockchain and smart contract technologies, Bitgoals brings decentralization, efficiency and security to its ecosystem. On the other hand, you have access to place bets on multiple sports and games such as FIFA, NFL, NBA and COFEDCUP.
If you’re looking for a platform that’ll reward your passion for sports, Bitgoals stands better chance. Bitgoals is perhaps, the first blockchain platform to offer sports rewards/betting and from its prospects, it has lots to offer to the betting industry.
The Journey
Token Distribution
Token Specifications
Token Name: Bitgoals
Ticker: SPT
Platform: Ethereum
Token Standard: Hybrid
Soft Cap: $500, 000 USD
Accepted: BCH, BTC and ETH
Country: Israel
Bitgoal’s Team
For more information visit the links below
Website : https://bitgoals.com/
Whitepaper: - https://bitgoals.com/wp-content/uploads/2018/05/Bitgoals_WP.pdf
ANN Thread :- https://bitcointalk.org/index.php?topic=4428882
Telegram: - https://t.me/BitGoals
Facebook :- https://www.facebook.com/BitGoalsSTP
Twitter: - https://twitter.com/BitGoals
Author: CynthiaLM
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1990889