SPORTS TOKEN PROTOCOL - BITGOALS

In recent years, the global sports betting industry has been growing and evolving. According to research, the global sports betting market constitutes about 40% of the global gambling market, which is expected to grow at a CAGR of about 8.45% between 2018-2022.

Online sports betting is beginning to gain enough widespread and attract huge foreign investments, owing to the recent development in online gambling and continuous technology advancements. This has resulted in several economies legalizing it. However, in spite of its advantages such as the creation of job opportunities, there are still challenges with the current sports betting market.

The current gambling market is centralized, and disputes between participants and platform operators are on the rise. The security of funds during game transactions is not guaranteed despite the high fees being charged for transactions, and there is a lack of transparency and privacy. In addition, the registration process for new participants is quite cumbersome and there is a sort of limitation on the amount of bets users can place. Another major issue currently plaguing the traditional sports betting market is the issue of deposits and withdrawals. Users often experience transactional delays when depositing funds into their gaming platform. On the other hand, withdrawals are a major challenge because there's a clause on the minimum amount that can be withdrawn after.

All these challenges have further limited the growth of the sports betting industry. However, with the utilization of blockchain technology, the current issued faced with the can be addressed because blockchain is able to provide a secure, open, and transparent system due to its immutable and decentralized nature.

In the bid to provide fair, transparent and secure sports betting ecosystem for users, Bitgoals aims to leverage on blockchain to provide a platform that will not only address the current challenges but also fully meet all the needs of online sports betting. Bitgoals aims to provide a decentralized platform for all the concerned parties in the sports industry.

Bitgoals aims to provide a transparent and seamless ecosystem whereby all sports-related activities are carried out securely without the need for a middleman.

The objective of Bitgoals is to provide a platform that will:

• Abolish risk of fraud

• Ensure payments are made swiftly

• Ensure that there's transparency during the jackpot generation process

• Ensure that users own their data and not accessible by third-parties

BITGOALS PLATFORM

Bitgoals aims to utilize blockchain technology to build its base protocol simply because blockchain technology caters to a distributed and encrypted digital ledger that has the ability to bring forth a decentralized and transparent means for transactions, whilst still keeping up with the top-notch security. The Bitgoals platform will consist of an interaction protocol that easily enables players to communicate with each other securely.

Due to the fact that Bitgoals aims to leverage on the Ethereum Blockchain, it will utilize the power of smart contracts. This is because smart contracts can help to manage and execute agreements between users and also store information, thereby eliminating the need for human intervention.

The Bitgoal platform has been built to be ameliorate sporting related activities, and as such provides several sporting activities such as football, basketball, hockey, baseball, rugby, tennis, cricket, eSports, horse riding etc.

Below are some of the features of the Bitgoals platform.

Interface: Bitgoals will provide users with an easy-to-use interface that will enable easy navigations between menus. The interface will be built using HTML and JavaScript to ensure optimum security. The interface will consist of several modules that feature all sporting related events.

Data Storage: Storage of data is a key concern for most betting platforms and this has made them shut down due to the high cost associated with it. Due to this, Bitgoals is developing a different model for data storage. Bitgoals aims to utilize its protocols to publicize lottery tickets and rates in a P2P mode, such that all the links to the lottery tickets are recorded on the smart contract.

API: Bitgoals will provide powerful API protocols that will enable developers and third parties to easily integrate with the Bitgoals platform and develop their own applications. The base protocol and substructure of Bitgoals platform will enable third parties to provide services such as casino games, lotteries, statistics, odds, fixtures etc., in order to have a fully effective platform.

ADVANTAGES

• Active users on the platform will be incentivized and rewarded for their contribution

• Third parties will be rewarded for providing services on the Bitgoals platform

• Payouts are swift

• Highly secured and transparent platform

• All withdrawals fees are made transparent

• There's no human intervention to influence results

• A platform built to accommodate all the stakeholders in the Sporting industry.

TOKEN

The Bitgoals token (STP) will be the driving force of the platform. It will function as a multi-utility token that will be used to fuel the Bitgoals platform. The STP token can be used for activities such as the playing of games, used to reward and incentivize users for their contribution on the platform. etc.

Total tokens for sale: 55,000,000
Token symbol: STP
Soft cap: 500,000 USD
Current price: 1 STP = 1 USD
Accepted currencies: ETH, BTC, and BCH

Kindly visit https://bitgoals.com/ for more information.
Whitepaper: https://bitgoals.com/wp-content/uploads/2018/05/Bitgoals_WP.pdf
Twitter: https://twitter.com/BitGoals
Telegram: https://t.me/BitGoals

Writer: Sucre123456
Author's profile link: https://bitcointalk.org/index.php?action=profile;u=1820055;sa=summary
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