BX.BET: IMPLEMENTING THE POTENTIALS OF BLOCKCHAIN-TECH IN THE SPORTS/BETTING INDUSTRY

adaoramma (46)in #blockchain • 6 years ago

The global sports industry has now become an entity with daily and limitless expansion. This industry has been around for years, and it keeps waxing. It is surprising as many individuals now get involved in sports as it has proven to be more than a mere engagement for fun, it is now been used as profession and source of income. Sports Betting and gambling is engaged in this ecosystem. However, one of the most important features that should be of the sporting ecosystem is their incentivity and the ability to capture all their public's interest. However, it is unfortunate that most traditional sporting industry are outdated and cannot provide maximum desires of their various publics as players has been faced with several setbacks and problems participating in ѕроrtѕ bеtting аnd ѕроrts casual activities on traditional рlаtfоrmѕ. This is why BX.BET has come to incentivize the ecosystem.

WHAT IS BX.BET?

BX.BET is a sporting platform empowered by blockchain technology. It
uses the potentials of smart contracts, and also realign and revolutionize the global sport and gambling marketplace through a more reliable,credible and autonomous transactions. It seeks to revolutionize the traditional sporting industry by bringing into limelight more convenient and conducive ways for sports industry in decentralized ways.

BX.BET is a decentralized global peer-to-peer betting exchange powered by blockchain technology, where gamers/players can create public and
private betting markets by utilizing the BX.BET token. Powered by
blockchain power of the Ethereum smart contract technology, BX platform will eliminate middleman structures in the betting/gambling ecosystem by giving its users full access and control over their funds and betting transactions at
all times. The BX.BET ecosystem is secure, tamper-proof, trustless and completely
transparent.
The platform aims to become the best leading platform for all decentralized betting and prediction platform.

STATEMENT OF PROBLEMS

Powered by Blockchain -tech , BX.BET therefore seeks to solve the major problems which bequeath the industry such as TRUST and COST devoid of middleman and centralized structures.

Others includes;

Transparency
Rigourous registration process
Delayed payouts.
Delayed payins/fundings.
A limitted amount in betting.
System requirements & data
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SOLUTIONS TO THE PROBLEMS FACING THE SPORTING INDUSTRY BY BX.BET.

It is often touted that, there can never be a problem without a solution as every solution emerges to solve a burning problem. Relating this to the sport industry, the BX.BET becomes a game changer that has come to sanitize, revolutionize and incentivize sports ecosystem such as;

Incentivizing the sports industry and it's players and fan base.
Ensuring fair rewards in the ecosystem by making adequate use of the blockchain protocol.
Developing a feasible and organized
marketing strategies to bringing BX.BET to every sport and gamble fan.
Developing a platform that uses one currency for rewards in all the sport activities to build an economy among its users.
Creating a worldwide Sports Blockchain to entrust a fair payment/cost in the industry.
Developing an instant payout system.
Eradicating the limited amount in betting and ensuring a non-limit amount for betting
Building a transparent/trust reward system
Etc.

In conclusion, BX.BET is implementing the great potentials of the blockchain technology in the sport/gambling industry. Yes! this will be the next big thing happening in the crypto space.

BX.BET TOKEN SALE INFORMATION

The BX.BETPlatform will be based on its BX tоkеn.The BX token has been designed to enable the full functionality of BX, which invariably makes it a core aspect of the BX system. The BX token will be tradeable on exchanges for other currencies and can be divided into smaller fractions.

The BX token will be the enabler for all BX betting applications. It will be utilized to
conduct all transactions inside the BX ecosystem. The token is based on the ERC20
Ethereum token standard, which has become a widely accepted and highly secured
token implementation standard. Above all, the BX token will be useful in other aspects because it will:

Be used to place bets.
BX token will used to create betting markets.
BX token will also determine outcomes of a market.
The tokens will serve as a medium to claiming rewards, incentives and betting profits in the ecosystem.