BX.BET - The Decentralized Betting Exchange
ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
So did I and during my research I found the project in which I really put my faith: BX.BET. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.
BX.BET is a blockchain-based betting and predictive market ecosystem, designed to change the way the world is betting. BX has a vision to create a new betting experience, where each user can take over the role of betting, create their own market, place and offer bets with self-determined opportunities, and even participate in determining market results. BX.BET will be a decentralized betting market without intermediaries and our aim is to disrupt and redefine the traditional betting industry by offering its users unique and enhanced experiences.
BX is the solution to all the problems and weaknesses of the current betting market, by introducing a strong and distributed ecosystem that runs on smart contracts that execute on their own, significantly reducing transaction and operational costs.
PROBLEMS ASSOCIATED WITH THE BETTING INDUSTRY
Lack of Trust
Traditional betting operators require a high degree of trust - which is sometimes exploited by the bookmakers, to the detriment of their users. On the other hand, this responsibility results in high procedural and financial expenditures for the bookmakers as well.
Lack of Transparency
The processes of traditional bookmakers remain hidden, giving no insights into what information led to specific odds and making it impossible to ascertain whether the odds are fair or set too far in the bookmakers' favor.
Interference of Providers & Limitations
Within the current sports betting landscape, the players are very limited in their freedom of betting. Bookmakers can limit the players in their betting behaviour and even penalize players who frequently win, by banning or restricting them.
High Costs
High costs are required to run a traditional betting operator safely and efficiently for both the players and the company. These costs are reflected in high margin odds and directly charged to the players.
SOLUTIONS BX.BET PROVIDES
The decentralized, blockchain based approach eliminates non-distributed processes and allows players to benefit from full transparency and total control over their betting experience. They remove the middleman and hand control back to the user.
BX neutralizes all problems and weaknesses from the current betting market, by introducing a powerful and distributed ecosystem running on self-executing smart contracts, which significantly cuts transaction and operational costs.
BX Application
BX App is designed both for Android and iOS. Though the functionality of the mobile application will be restricted to essential features at the initial stage, its scope will be extended in the future.
FEATURES OF THE BX.BET PLATFORM
Oracle
BX will introduce the BX outcome voting system as a decentralized Oracle to determine the outcomes of the bets securely and reliably.
Betting Exchange
The BX betting exchange forms the central hub for its users to accept or offer bets on the outcomes of the markets.
Fee Structure
BX will establish a fair and transparent fee structure, which is solely designed to keep the ecosystem running. The overall fee will be significantly lower than industry standards.
BX Smart Contracts
All BX betting transactions, as well as payouts, will run safely, autonomously and transparently on the blockchain by using Smart Contract Technology.
Market Owner
Becoming a bookmaker has never been so easy. In the BX ecosystem, every user can become a Market Owner and receive a share of the market they have created.
Betting Markets
BX will offer two types of betting markets within the ecosystem: private and public markets.
TOKEN AND ICO DETAILS
Token symbol: BX
1 BX = 0.19 USD
Token Type: ERC20
Total supply of tokens: 200,000,000
Blockchain used: Ethereum
Token type: Utility
Soft cap: $5,000,000
Hard cap: $20,000,000
Pre-Token Sale start date : 3rd September 2018
Pre-Token Sale end date : 17th September 2018
Main Token Sale start date : 8th October 2018
Main Token Sale end date : 5th November 2018
You can register here: https://bx.bet/en/signup/form
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
BX has a vision of how to build a platform that will give its users a completely new betting experience. Thanks to the unique ecosystem BX_BET, users will be able to feel themselves bookmakers by creating rates for specific events. The lack of direct intermediaries is an excellent opportunity to avoid fraud, time and money costs. Be a part of this tremendous project and follow these links for more information;
Website: https://bx.bet
Whitepaper: https://bx.bet/en/whitepaper
ANN Thread: https://bitcointalk.org/index.php?topic=4641799.0
Telegram Group: https://t.me/joinchat/Gvx5m0lTk2MXpG9AGR1JzQ
Twitter: https://twitter.com/BXBETico
Facebook: https://www.facebook.com/BXBET/
Medium: https://medium.com/bxbet
YouTube: https://www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw
Bounty: https://bitcointalk.org/index.php?topic=4751716.0
Author
nugezmils
BITCOINTALK PROFILE
https://bitcointalk.org/index.php?action=profile;u=1729621
ETH ADD
0xde7fB34D93f672A5D587Dc0f8a416b13eED8547d