Review ICO Betrium, Platform Gambling

wiepers (25)in #cryptocurrency • 6 years ago

Gambling online market and the particular betting market is growing dynamically year after year. The share of online betting is growing.

The regulated gambling market is $500B+, and the unregulated market much larger and is estimated to $1T. The betting is the major field of gambling sector.

Also, there are some territories in the world, where online betting is disallowed.

For the last few years, users actively transit to mobile devices and prefer using mobile applications.

Overview Betrium
Betrium is the solution developed by the group of entrepreneurs and MIT & MIPT graduates offering the first partly decentralized worldwide betting service (betting exchange & sportsbook) with zero-commissions accepting crypto-currencies and offering platform for event organizers, developers, and thirdparty service providers.

In Betrium bets happen off-chain and only added when the event happens and the outcome is undeniable. That means, in contrast to competitors, we are able to provide high-speed betting service built on decentralized IT architecture. Any solution powered just by Ethereum blockchain simply can't provide the speed required for professional betting/trading on sports.

Platform Betrium
Betrium Organizers Platform is the unique creation platform for event organizers. The platform gives opportunity to create events and add to the Betrium betting platform (and particularly cyber sports streams). The event organizers receive 80% of net income earned from betting.

The usage is simple: organizer opens a Betrium Organizer Account, creates a game (match, stream, fight, etc.), adds the description, adds schedule and time of the event, adds opponents and possible outcomes, setups some betting parameters and click a big "submit" button. That's it.

BTRM Token
The Betrium tokens (BTRM) are decentralized ERC20 tokens based on Ethereum blockchain. A total of 140m BTRM will be emitted and no tokens will be issued after.

Token - BTRM
Platform - Ethereum
Type - ERC20
Pre ICO - 1 ETH = 6000 BTRM
ICO - 1 ETH = 1200 BTRM
Soft cap - 5,000 ETH
Hard cap - 125,000 ETH

ICO
The Betrium's ICO starts on April, 05, 2018, ends on May,14, 2018.

63 000 000 (45%) Betrium tokens (BTRM) will be distributed during the ICO. The price of BTRM tokens will depend on the number of tokens issued during the ICO:

Profit Shares
50% of Betrium's profit will share between tokens holders. The rest 50% will be spent on platform developing and support. This means, that if a holder has a 1% of all issued Betrium tokens, he will receive 0.5% share of all net profit.

Example. In the 2017 the investor contributed Betrium and bought tokens for $10 000. He actually received 0.02% share of the overall Betrium company. Later in 2020, Betrium has $200M in annual profit. The investor receives $20 000 as "dividends".

The profit share is paid in ETH only to wallet addresses, which hold BTRM tokens. Payments to bank accounts are not planned.

Roadmap