The betting industry also called the gambling industry didn't just come into existence today, it has been in play for a very long time. In the industry, a user or gambler who wishes to gain more, can put their possession on the line, and if successful, profits greatly from the bet.
Even in the medieval times, betting took different forms, but ends up at making the winner richer.
The good thing today is that, betting has not been forgotten, in fact the great benefits of the betting industry, makes it difficult for it to be forgotten.....
Rather, today's betting has been rebranded and made in such a way that it can suit the user. Therefore, it is safe to say that the great benefits that gamblers or users enjoyed in the past, has been amplified, in such a way that the users can now stake little in order to gain more.
However, for a very long time now, the betting industry has been crippled by a lot of setbacks and limitations, and has made it an industry, which is no longer living up to it's name.
THE SETBACKS, IMPEDING THE BETTING INDUSTRY
Lets take a close look at a few of the problems that has limited the gambling industry......
- UNFAIR ODDS
Over the years, one of the most important features of the betting industry (fairness), has been taken away.... leaving it meaningless.
The users or gamblers are now made to bet or gamble, with unfair advantages or odds, this is aimed at enriching the betting platform involved, at the detriment of the user.
- LACK OF TRUST
This has been another issue, due to unfair betting which has set in, into the betting industry.
In response to that, the users do not trust the industry anymore, and believe me, it has really reduced the number of participants in the system, as it is difficult to deal with a person you do not trust.
- LACK OF TRANSPARENCY
Absence of transparency is another issue in the betting industry, as the users do not know how the operations are carried out in the betting platforms, and the platforms themselves are not lucid about their operations, because their aim is to bleed the gamblers of their possessions.
But a great news is here, a platform that will bring back the rapidly deeming light into the betting industry.
BETBOX IS HERE TO UNVEIL A BETTER BETTING SYSTEM
Betbox is a fully decentralised platform, created to work on different varieties of decentralized apps (dapps).
It is directed at restoring the transparency and fairness, which has been missing in the betting industry.
Betbox as a gambling platform also facilitates competition in the gambling industry.
I know, this bags a big question of "how?"..... How will betbox achieve all these?
BETBOX 'S APPROACH TO RESTORING TRUST, LUCIDITY AND FAIRNESS
With the use of the blockchain, Betbox will achieve a great level of efficiency in the gambling industry.
It will utilize the blockchain technologies such as, smart contracts, to run the betting operations, in order to ensure that the betting odds are fair, and that all the winnings of every user are allocated to them. This will bring back the trust, transparency and fairness that has been absent from the betting industry for a long time now.
In order to ensure wide adoption, Betbox will run a system that facilitates wide device coverage as well as an efficient user support system, to help the users.
So yea, you can now bet as much as you want, Betbox will always have your back.
THE BETBOX TOKEN
The OX coin is the betbox official currency, which is recognized and accepted in the platform.
It is designed based on the ERC - 20 standard and has a lot to offer in terms of utility, as it can be used to stake during betting and also used for payments.
CONCLUSION
Betbox is here for all, bringing with it, great opportunities for the users to profit a lot from the betting practice.
It will rekindle the already quenched flame in the betting industry.
For more information about betbox, kindly visit:
Website: https://betbox.app/
Telegram: https://t.me/betboxGlobal
Twitter: https://twitter.com/@betbox_OX
BountyOx Username: Crypto4ruby
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