Introduction
BX is a blockchain based betting and prediction market ecosystem, which is created to revolutionize the way of betting world. They are creating a decentralized betting exchange by eliminating a middleman and centralized structures, that has ability to redefine the traditional betting industry by offering a unique experience to its users. Through decentralized, BX allows the players to get benefit from full transparency and fully freedom in their betting experience. The BX ecosystem provides a unique opportunity to its users to trade bets in 3 different types of markets – Sports, Prediction Markets and Financial Markets. For the betting transactions, BX token is being used as a utility token under the BX ecosystem.
Problem
The problem where online gambling industry has experienced lower lever of trust and reduced reputation in recent years. Online sports betting customers and bookmakers are facing several problems. They are:
Trust Issues – The current situation in the sports betting market, anyone who wants to place a bet online needs to become a customer at a sportsbook and transfer funds from their own bank account into the hands of the operator. The funds will stay in the central authority of the bookmaker which leads to higher risk of trust.
Cash Withdrawal – In this, players get delay in payment funds which took several days for their funds to be transferred from the bookmakers to their bank accounts.
Limitations – Players are getting limitations in their freedom of betting and there is no influence on the selection of betting markets available for them.
Lack of Transparency – In traditional betting industry, the whole process remains hidden because operators are not providing any information about the market segments, no insights about a positioning of bettors for each bet.
Solution
The solution where BX is eradicating all the above problems with their decentralized blockchain based ecosystem. A platform which allows players to get benefit from full transparency and total control over their betting experience.
They are removing the middleman and giving full hand control to the user. Users can place a bet without having any middleman.
They are running their powerful and distributed ecosystem on a self-executing smart contract which simply cuts down the transaction and operational costs.
They provide its users the unlimited freedom of creating own markets, where they can act as a bookmaker, accepting bets or offering their own odds at any time. They also remove the limitation of amount in bets, as the community can decide whether a bet or a market gets accepted.
The Team
Christian Heins – Co-Founder and Management & Execution Expert – He’s a digital pioneer and innovator. He’s having 20 years of experience in the advertising industry and 14 years as entrepreneur. He is a frontrunner with passion for disruptive thinking, validated learning and data driven business models.
Gabriel Vollmann – Co-Founder and Operations & Marketing Expert – He’s having 12 years of experience in running business operations for iGaming groups such as bwin.com, betsson group and comeon.com. Previously, he was a COO at Mobilebet.com.
Christian Lenz – Co-Founder and Blockchain & Project Management Expert – He’s a tech enthusiast with having more than 7 years of experience in leading big IT projects in the telco industry. He’s in Cryptocurrencies since 2010 and wrote an essay about cryptography.
Token Matrix
Token – BX
Total Supply – 200 Million BX
Price – $0.19 USD
Soft Cap – $5M USD
Hard Cap – $20M USD
Pre-Sale – 3rd to 17th September 2018
Crowd Sale – 8th October to 5th November 2018
Social Media Reach
Facebook – 465+ Followers – https://www.facebook.com/BXBET/
Twitter – 720+ Followers – https://twitter.com/BXBETico
Telegram – 2830+ Members – https://t.me/bxbet
Verdict
The Social Media hype is low, but they are very much active on their Telegram Group.
The Website and Whitepaper both explained very-well in detail and easy to understand.
There are 9 core members in an executive team who are having experience in Online Gaming Industry, Financial Industry, Marketing, Computer Science, Software, Game Designing, IT etc. Only one member is having a Blockchain and Cryptocurrency experience.
They have 2 advisors on board who are having expertise in Digital Marketing, Law, IT and Gaming Industry.
The Roadmap is well-explained in structured with their milestones till 2020. Currently, MVP is not available.
They have partnered with 2 companies named Wh.Partners and What.
For Detailed Information
Website – https://bx.bet/en/
Whitepaper – https://bx.bet/static/files/whitepaper.pdf
ANN Thread – https://bitcointalk.org/index.php?topic=4641799
Bitcointalk Username – ritikagupta
Bitcointalk URL – https://bitcointalk.org/index.php?action=profile;u=1375471
ETH Address – 0xA6119b0AF2EC4A3e8A64f8ADA1dBF152f06eC392