PROFFERING SOLUTIONS TO CHALLENGES OF SPORT REWARD-BITGOALS
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Statistically, the sport reward industry is one of the biggest industry globally. According to statistical.com the sector just surpass the $500 billion mark and could reach $1 trillion mark by 2025. However, there are underlying issues inhibiting the progress of this sector and which is of serious concerns to every stakeholders in the industry especially loyal fans that have continuously been exploited over the years by unregulated reward operators in the industry. Consequently, the industry suffers from lack of trust and transparency. Aside trust and transparency issues some other challenges bedevilling the sport reward industry are :
Users often face complicated and exhausting registration process
The possible betting amount is usually capped.
The transaction charges for most platforms are usually exorbitant
Betting companies are often subjected to harsh governmental regulations.
Some betting companies take forever to pay reward to winners.
There are issues with deposit and withdrawal of funds into players account.
The good news is that there's a solution on the horizon. Blockchain technology is disrupting virtually all sectors globally and is high time that sport reward industry embrace this technology. It is based on this milieu that a team of experts with requisite experience of both sectors-blockchain and sport betting industry came up with a game changing project to proffer solutions to problems in global sport betting industry. The project is tagged BITGOALS
BITGOALS BLOCKCHAIN PROJECT
A closer looks at the highlighted issues above shows that they arises as a result of centralisation. Bookmaker organisations makes all the rules and most time to their advantage. Therefore to solve the challenges, there's a need for decentralisation. Bitgoals powered by blockchain technology brings decentralisation to the sport betting reward industry.
Bitgoals eliminates the role of third-parties by relying on smart contract capabilities of blockchain technology, this ensures that agreed terms between parties are written into a line of code which is self executing in nature and can never be tampered. This no doubt would increase the confidence of players in the industry.
The competitive advantage of Bitgoals over traditional sport reward operators are :
Hassle free registration process with friendly user interface
The demand of other operators especially to participate in draw games often discourage players and subsequent, loss of interest by affected players. Bitgoals caters for these players as they can play anonymously with their registered wallet, the fraud tendency is completely eliminated by smart contracts system of Bitgoals.
No Limit on Betting Amount
Bitgoals smart contracts system automatically track individual players financial capacity and distribute the reward accordingly. This is present huge advantage over other traditional operators where betting amount is usually capped.
Seamless Payout of Winnings
Payout are almost instant with Bitgoals unlike other operators where big winnings often prove difficult to withdraw with some even preferring to pay instalmentally.
Bitgoals is completely DECENTRALISED
Bitgoals is completely decentralised which means that it is not subjected to any government control or regulations.
And finally, Bitgoals will continuously be improved upon to address attract new players into the industry.
THE BITGOALS TOKEN
The Bitgoals token is denoted with STP. STP tokens serves as the currency of the platform and have the following use cases
A sport gaming and betting currency
- The reward for players
- As an incentive for the platform participants
- Holders of STP tokens would have access to several services and game available on the platform.
VERDICT
Bitgoals Project is a much needed solution in the sport reward industry and would no doubt exceed all expectations. Also, the project has a client already in King Scorer while others would come onboard. Bitgoals solution covers virtually all sport be it football, tennis, basketball betting and many more.
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Writer's Details:
Bitcointalk username: Daseento
Bitcointalk profile link:
https://bitcointalk.org/index.php?action=profile;u=1544370
Eth Address
0xB6C9C406112C1BB7977193DaC83d5B6Fd9d0cA60