INTRODUCING BXBET
In recent years the online sports betting industry has been characterized by strong growth. Since 2009 the market has doubled in size, and currently has a volume of nearly 60 billion USD. However, despite this prodigious growth, the online gambling industry has experienced decreasing levels of trust and diminished reputation in recent years. Traditional online bookmakers face many problems, which include the following;
i. Lack of Trust
ii. Lack of Transparency
iii. Strict Regulations, and
iv. High Operational Costs resulting in high margin odds in favor of the bookmaker, all stemming from their centralized structures.
Big centralized companies are in charge of the outcomes, odds, and player funds, which ends up in a lack of transparency and trust as perceived by the end user.
BX is being put in place and set to tackle these problems, by providing a betting ecosystem that utilizes blockchain technologies, especially smart contracts, to give its users full control over their funds and betting transactions at all times.
By decentralizing the betting process, BX allows the players to benefit from full transparency and total freedom in their betting experience, and neutralizes the aforementioned problems and weaknesses of the current betting industry.
BX is a blockchain-based betting and prediction market ecosystem, designed to change the way the world bets. The BX solution has the ability to disrupt and redefine the traditional betting industry by offering its users a unique and enhanced experience.
HOW BX.BET WORKS
BX.BET Smart Contracts: All BX.BET betting transactions, as well as payouts, will run safely, autonomously and transparently on the blockchain by using Smart Contract Technology.
Betting Exchange: The BX.BET betting exchange forms the central hub for its users to accept or offer bets on the outcomes of the markets.
Fee Structure: BX.BET will establish a fair and transparent fee structure, which is designed to keep the ecosystem running. The overall fee will be significantly lower than industry standards.
Oracle: BX.BET will introduce the BX outcome voting system as a decentralized Oracle to determine the outcomes of the bets securely and reliably.
Market Owner: Becoming a bookmaker has never been so easy. In the BX.BET ecosystem, every user can become a Market Owner and receive a share of the market they have created.
Betting Markets: BX.BET will offer two types of betting markets within the ecosystem, which are; private and public markets.
The BX token will mainly be used to;
i. Place bets
ii. Create betting markets
iii. Determine outcomes of a market
iv. Claim rewards and betting profits
Every betting transaction within the BX ecosystem is running on the Ethereum blockchain. With the creation of special single-purpose smart contracts for every betting market, BX ensures a fully secured and highly scalable betting process. The BX platform allows its users to take on both sides of a particular betting market which is the offerer (sell/lay), as well as the bettor (buy/back).
TOKEN INFORMATION AND INITIAL COIN OFFERING
Token symbol: BX
Blockchain: Ethereum
Token Type: ERC20
Total Supply: 200,000,000 BX
Token Price: 1 BX = 0.19 USD
Payment Gateway: Bitcoin (BTC), Ether (ETH) and bank transfers.
Hard cap: $20,000,000
Soft cap: $5,000,000
Pre-Token Sale start date: 15th October 2018.
Pre-Token Sale end date: 29th October 2018.
Main Token Sale start date: 19th November 2018.
Main Token Sale end date: 17th December 2018.
There are several bonuses available, depending on the respective phase and the contributed amount.
ROADMAP
By definition, Roadmap is a plan or strategy intended to achieve a particular goal. That is to say the Local Token Exchange Roadmap is step-by-step means by which the mission of the project is to be fully achieved.
Below is a pictorial representation of the BX.BET Roadmap:
CONCLUSION
BX.BET can change this situation of online betting and predictions for the better. The online platform built on the blockchain will enable ease of betting that can be trusted and predictions which are transparent, minimized discrimination and increased trust, lower fees and, importantly, facilitate immediate winning, eliminating losing which is something of immense benefit to online gamblers all over the world. The BX.BET team has proven to be capable of actualizing the stated vision of this project. It will not be out of place to tell individuals and companies to partner with BX.BEX.
For more information about the project, kindly connect through any of the link below:
WEBSITE: https://bx.bet/en/
WHITEPAPER: https://bx.bet/static/files/whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=4641799.0
TWITTER: https://twitter.com/BXBETico
FACEBOOK: https://www.facebook.com/BXBET/
MEDIUM: https://medium.com/bxbet
YOUTUBE: https://www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw
TELEGRAM: https://t.me/bxbet
WRITER'S DETAILS
BitcoinTalk Username: cryptoblezin
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2178561;sa=summary
ETH Address: 0xC89b8Dd7e3E137DB108575EeAe301E52b6C72d9F