BETFORM: MAKING SPORT BETTING UNIQUE VIA A DECENTRALIZE PLATFORM.

nedbee (46)in #blockchain • 6 years ago

The advent of blockchain technology and cryptocurrencies is gradually transforming the global economy and adding value to lives in general. A lot of projects in different sectors of the global economy such as health, sports, finance, power etc are represented on this disruptive technology. The betting and gaming industries are not left out.

The Betting industry has been reported from statistics to have a huge market capitalization over the years, with a lot of game lovers being part of it, either for fun or to make money.

Irrespective of the benefits of betting industries, there are many challenges which do not allow effective and efficient management of these industries, hence the need for the creation of BETFORM.

WHAT BETFORM IS ABOUT

BETFORM is an innovative social betting platform which is integrated in to the blockchain technology to leverage on the unique features of blockchain which include Transparency, safe, secured, Decentralize, trustworthy and without fraud With BETFORM there is a peer to peer mode of operation which uses smart contract and avoid the interferences of intermediaries or any third party authority.
However, BETFORM project consists of a team of seasoned professionals and experienced developers who are working very hard to see to it that gambling on BETFORM platform is carried out effectively and efficiently without hitches. BETFORM developers are aimed at providing so many blockchain interesting games to users with maximum security measures in place.

BETFORM BETTING USING A DECENTRALIZE APP ON YOUR SMART PHONE

SOME CHALLENGES FACED BY EXISTING ONLINE BETTING PLATFORMS WHICH BETFORMS HAS BEEN DESIGNED TO HANDLE.

High cost of transactions fees: the fees paid for transaction is usually high.
A few games to choose: there are limited games on the platforms.
Fraud in the system: No transparent accountability.
Delay payment of winning rewards due to intermediaries.
Restrictions to some games: some players are restricted from betting on some games.
Complex interface which makes it difficult for a new user to understand.

THE UNIQUE FEATURES OF BETFORM AS THE SOLUTION.

BETFORM platform is designed with some great features which make it stand out from other existing online Betting platforms thereby offering unique benefits to gamblers globally. Some of the unique features are:

Transparency: With BETFORM there is transparent mode of generating outcome of games on the platform. There is therefore a fair and trusted experienced enjoyed by the gamblers and players on the platform.
The transaction fees are relatively low because of the use of smart contract and cryptocurencies.
With BETFORM a new user can easily use the platform to bet on any game of his choice due to a user friendly interface provided.
BETFORM offers secure, fun and a safe way of gaming using a unique decentralize application.
BETFORM provides decentralize applications that can be downloaded from either Google play or App store.
To increase the value of the Betform coin the team will carry out token burning program.
There will be room for jackpot 3 times in a year.

ICO DETAILS

The team has created a utility token (Betform coin) on the ERC20 protocol which will serve as the main driver of the Betform ecosystem. Pre ICO has ended.

ICO date: 8th Jan, 2019
Token name Betform coin
Token symbol: BFC
Accepted currency: Eth
Total supply: 240,000,000
Token price: $0.10/coin
Minimum purchase: 500 betform
Compatible wallet: ERC20 wallet
Soft Cap: 1,500000
Hard cap: 16,900000

USES OF TOKEN
-BFC token will be used for all betting activities on the betform platform

Every transaction on the betform platform will be done using the coin
-The BFC will serve as a globally standard in the betting industries.
BFC will be used as means of payment for Application developing and games.

THE ROAD MAP

CONCLUSION

The idea of creating a decentralize gambling platform using a smart contract is a great idea by the team and that will attract so many players and gamblers to the platform. The transparent and trusted nature of the platform is one of the features that will make BETFORM to stand out among all other existing betting platform. Since this article will not capture all the unique benefits of Betform project, I advise you to read the self explanatory white paperhttps://www.betformcoin.io/Betform-White%20paper%202018_03.pdf and a well designed websitehttps://www.betformcoin.io/ for a comprehensive information on how to be a part of this unique project.

ONE OF THE GAMES ON BETFORM PLATFORM