BX.BET - Decentralized exchange of Betting on Blockchain

Sports betting is the activity of predicting sports results and placing a wager on the outcome. The online betting is industry is growing in recent year due to advancement in technology. This has also increased the control of bookmakers and betting operators around the world. These middlemen control the activities of users in different ways offering them a complete autonomy on how the odds and how the betting market is operated
However, it is unfortunate that most traditional sporting industry are outdated and cannot provide maximum desires of their various publics as players has been faced with several setbacks and problems participating in ѕроrtѕ bеtting аnd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 BX.BET has come to incentivize the ecosystem.

The BX.BET project will turn the world of betting into something new and unique. The project will solve many current problems and become a single platform for players!

What is BX.BET?
BX.BET is a blockchain-based betting and predictive market ecosystem, designed to change the way the world is betting. BX has a vision to create a new betting experience, where each user can take over the role of betting, create their own market, place and offer bets with self-determined opportunities, and even participate in determining market results.
BX.BET will be a decentralized betting market without intermediaries and our aim is to disrupt and redefine the traditional betting industry by offering its users unique and enhanced experiences.
BX is the solution to all the problems and weaknesses of the current betting market, by introducing a strong and distributed ecosystem that runs on smart contracts that execute on their own, significantly reducing transaction and operational costs.

Problems that the BX.BET project will solve:

• Lack of trust: Traditional betting operators require a high degree of trust - which is sometimes exploited by the bookmakers, to the detriment of their users. On the other hand, this responsibility results in high procedural and financial expenditures for the bookmakers as well.
• Lack of transparency: The processes of traditional bookmakers remain hidden, giving no insights into what information led to specific odds and making it impossible to ascertain whether the odds are fair or set too far in the bookmakers' favor.
• Interference of providers & limitations: Within the current sports betting landscape, the players are very limited in their freedom of betting. bookmakers can limit the players in their betting behaviour and even penalise players who frequently win, by banning or restricting them.
• High costs: High costs are required to run a traditional betting operator safely and efficiently for both the players and the company. These costs are reflected in high margin odds and directly charged to the players.

The BX.Bet ecosystem

• BETTING EXCHANGE : The exchange of BX bets forms the nerve center for its users to accept or offer bets on the results of the markets.
• CHARGE STRUCTURE : BX will establish a fair and transparent tariff structure, designed exclusively to keep the ecosystem functioning. The general rate will be significantly lower than industry standards.
• BX SMART CONTRACTS : All BX bet transactions, as well as payments, will be executed in a secure, autonomous and transparent manner in the block chain through the use of Smart Contract technology.
• MARKET OWNER : Becoming a bookmaker has never been so easy. In the BX ecosystem, each user can become a market owner and receive a portion of the market he has created.
• MARKET BETS : BX will offer two types of betting markets within the ecosystem: private and public markets.

Main advantages of BX.bet are following:

PEER-TO-PEER betting – Each user can place bets without a middleman. Every betting transaction is user against user, no central bookmaker in place. The BX ecosystem is transparent, fair and highly secure
DECENTRAL betting – Whole betting process is given back into the hands of the users. All betting transactions run autonomously, securely and transparently on the blockchain and the players remain in full control of their betting actions and funds at all times
FAIR betting – Without a centralized authority, everyone can become the bookmaker and offer odds. The odds represent solely the probability of occurrence of a specific outcome, resulting from the aggregated opinions of the players
NO LIMITATION betting – BX provides its users the unlimited freedom of creating own markets, acting as bookmaker, accepting bets or offering their own odds at any time. There are no restrictions on the type and number of bets, as the community decides whether a bet or a market gets accepted.
Online gambling industry is huge with an estimated size above 50billion USD in 2018, with annual growth rate above 10%, covering sports, but also esports games. Prediction market is also booming, with Augur, Stox, Bodhi, Gnosis as primary examples.

BX.Betting ecosystem comprises from following:
Betting Exchange – Bx betting exchange forms the central hub for its users to accept or offer bets on the outcomes of the markets
Market Owner – in the BX ecosystem, every user can become a Market Owner and receive a share of the market they have created
Bet market smart contracts - all betting transactions as well as payouts will run safely, autonomously and transparently on the blockchain
Betting markets – two types of betting markets within the ecosystem: private and public
Fee structure – BX will establish a fair and transparent fee structure, which is solely designed to keep the ecosystem running. The overall fee will be significantly lower than industry standards
Oracle – B outcome voting system will be developed, as a decentralized Oracle to determine the outcomes of the bets securely and reliably

Ico details

Token symbol: BX
Token sale price: 1 BX = 0.19 USD
Platform: Ethereum (ERC20)
Soft cap: $5,000,000
Hard cap: $20,000,000
Total token supply: 200,000,000 BX
Total tokens offered: 120,000,000 BX
Pre-token sale: 3rd September 2018 - 17th September 2018
Main token sale: 8th October 2018 - 5th November 2018
BONUS PRE-SALE: 300 USD - 2,000 USD = 15%; 2,000 USD -
15,000 USD= 20%; ABOVE
15,000 USD = 30%

Road map

For more information visit the link below:
Website: http://www.bx.bet/
Whitepaper: https://bx.bet/static/files/whitepaper.pdf
Telegram: https://t.me/bxbet
Twitter: https://twitter.com/BXBETico
Facebook: https://www.facebook.com/BXBET/
Medium: https://medium.com/bxbet
Youtube: https://www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw
ANN thread: https://bitcointalk.org/index.php?topic=4641799.0

Author: JonyAce
Username bitcointalk: JonyAce
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1886490;sa=account
ETH address : 0x95295a487AC1Ca8516c6ddb055C0361D504ea43e