Sports Betting Blockchain Project | Xwin Cryptobet

in #cryptocurrency • 6 years ago (edited)

XWIN.jpg

Another Blockchain project that focusses on Sports Betting crossed my radar last week (Xwin.io) and I took some time today to take a look at it. The ICO is allready over and they raised around 3.5 Million dollars which is less than what they hoped for ($7.5M) but enough to continue the project. There seems to be quite some activity in their Bitcointalk forum post

Many of these projects talk in their whitepaper mainly about the advantages blockchain and smart contracts can bring to the sports betting industry and how their token gives you part of the collected fees. To serious sports bettor like myself this is not interesting whatsoever, all we care about is the odds and if they crush what is currently available on the markets in a reliable, safe and secure way.

From what I unsderstand, xwin will act as a bookmaker and set their odds with an artificial intelligence. Their bets will be offered in smart contracts on the ethereum network and they will be a centralised oracle who input the match results which settle the bets. (don't quote me on all this)

Right now I don't really take them serious. There are some red flags as they are allready talking about price increase predictions of 1.2x to 4x in the first year after the ico and their referral system works like a pyramid scheme with many levels. I'm not wrining them off completely, but it's unlikely that it will be something I will ever use.

List of Available Blockchain Sports Betting Projects

(The ones I look to try out myself are on top)

ProjectTypeWebsite
WagerrSports Bettingwagerr.com
BookieSports Betting Exchangebookie.exchange
(^Peerplays)(^Bookie Platform)Peerplays
BlitzpredictBetting Brokerblitzpredict.io
AugurPrediction Marketsaugur.net
GnosisPrediction Marketsgnosis.pm
StoxPrediction Marketsstox.com
decent.betSports Betting - Casinodecent.bet
FansuniteSports Bettingfansunite.io
BetriumSports Bettingbetrium.co
Xwin CryptobetSports Betting & Casinoxwin.io
BetterbettingSports Betting ExchangeBetterbetting.org
Heroesports Bettingherocoin.io
Gimliesports Bettinggimli.io
Unicoingoldesports Bettingunikoingold.com
Goal Bonanza ***Correct Score Lotterygoalbonanza.com
Betmaster ***Sports Bettingbetmaster.io
*** Scam Alert

Let me know If there are any new or old project I overlooked and what you think about xwin cryptobet in the comments.

#blockchain #ico #gambling #busy
6 years ago in #cryptocurrency by
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     6 years ago 

    I agree with your observation that the lack of any mention of odds is strikingly deficient... This advertisement is aimed squarely at investors of cryptocurrency which is fine, but without any players, there won't be any profits...

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     6 years ago 

    Yes indeed, many seem to be attempts with an eye on making quick money.
    I'm still looking out for a really serious project that's aimed towards completely crushing current market leaders in the odds they offer.

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