BETFORM: IMPLEMENTING THE POTENTIALS OF BLOCKCHAIN-TECH IN THE SPORTS/BET INDUSTRY

in betform •  6 years ago  (edited)

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The global sports industry has now become an entity with daily and limitless expansion. This industry has been around for years, and it keeps waxing. It is surprising as many individuals now get involved in sports as it has proven to be more than a mere engagement for fun, it is now been used as profession and source of income. Sports Betting is engaged in this ecosystem. However, one of the most important features that should be of the sporting ecosystem is their incentivity and the ability to capture all their public's interest. However, it is unfortunate that most traditional sporting industry are outdated and cannot provide maximum desires of their various publics as players has been faced with several setbacks and problems participating in ѕроrtѕ bеtting аnd ѕроrts casual activities on traditional рlаtfоrmѕ. This is why BETFORM has come to incentivize the ecosystem.

INTRODUCTION

BETFORM is a sporting platform empowered by blockchain technology. It
uses the potentials of smart contracts, and also realign and revolutionize the global sport marketplace through a more reliable,credible and autonomous transactions. It seeks to revolutionize the traditional sporting industry by bringing into limelight more convenient and conducive ways for sports industry in decentralized ways.

WHAT IS BETFORM?

Betform is a platform that strives to offer the user access to as large as possible a range of blockchain games at a
maximum degree of convenience, while adhering to the highest security standards in the ecosystem. This is done by connecting blockchains, leveraging on the smart contracts, and Payment Channels, which works in a completely secure, instantaneous and low-cost manner.

STATEMENT OF PROBLEMS

Powered by Blockchain -tech , BETFORM therefore seeks to solve the major problems which bequeath the industry such as SECURITY, TRUST and COST.

Others includes;

  • Rigourous registration process

  • Delayed payouts.

  • Delayed payins/fundings.

  • A limitted amount in betting.

  • System requirements & data

ѕtоrаgе

SOLUTIONS TO THE PROBLEMS FACING THE SPORTING INDUSTRY BY BETFORM.

It is often touted that, there can never be a problem without a solution as every solution emerges to solve a burning problem. Relating this to the sport industry, the BETFORM becomes a game changer that has come to sanitize, revolutionize and incentivize sports ecosystem such as;

  • Incentivizing the sports industry and it's players and fan base.

  • Ensuring fair rewards in the ecosystem by making adequate use of the blockchain protocol.

  • Developing a feasible and organized

marketing strategies to bringing Bitgoals to every sport fan.

  • Developing a platform that uses one currency for rewards in all the sport activities to build an economy among its users.

  • Creating a worldwide Sports Blockchain to entrust a fair payment/cost in the industry.

  • Developing an instant payout system.

  • Eradicating the limited amount in betting and ensuring a non-limit amount for betting

  • Building a transparent/trust reward system. Etc.

In conclusion, BETFORM is implementing the great potentials of the blockchain technology in the sport industry. Yes! this will be the next big thing happening in the crypto space.

TOKEN SALE INFORMATION

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The BETFORM Platform native token is Betform Coin. In the platform, all gaming activities on the Betform will utilize Betform Coin. The
Betform Coin will be implemented as ERC20-compatible token over the public Ethereum blockchain, which has
now become the common practice for projects issuing their custom digital assets. It will work as any other Ethereum
token within the Ethereum ecosystem.
Players will be able to acquire the Betform Coin during the token sale and afterwards on various crypto exchanges or
directly via the Betform Wallet.
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The token will primarily serve as means as utility token.

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PROJECT'S TIMELINE/ROADMAP
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For more information, kindly visit the following websites below:

Website: https://www.betformcoin.io/

Whitepaper: https://www.betformcoin.io/#

Twitter: https://twitter.com/Betform2

Facebook: https://www.facebook.com/Betform-725138864516556/

Telegram: https://t.me/BetformOfficial

Medium: https://medium.com/betform

Bounty thread: https://bitcointalk.org/index.php?topic=5042909.0

Author: Annexia
Bitcointalk username: Annexia
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2014957;sa=summary

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