BX.BET - The Decentralized Betting Exchange

PROBLEMS OF THE CURRENT BETTING MARKET

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 penalize 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.

SOLUTION

BX.BET 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.

BX neutralizes all problems and weaknesses from the current betting market, by introducing a powerful and distributed ecosystem running on self-executing smart contracts, which significantly cuts transaction and operational costs.

The decentralized, blockchain based approach eliminates non-distributed processes and allows players to benefit from full transparency and total control over their betting experience. They remove the middleman and hand control back to the user.

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.

VISION

BX has a vision of how to build a platform that will give its users a completely new betting experience. Thanks to the unique ecosystem BX_BET, users will be able to feel themselves bookmakers by creating rates for specific events. The lack of direct intermediaries is an excellent opportunity to avoid fraud, time and money costs.

This means that platform users will not only be able to create their own unique markets but will also be able to offer and bid using their own odds. In addition, users can also participate in the definition of markets.

FEATURES OF THE BX.BET PLATFORM

Oracle

BX will introduce the BX outcome voting system as a decentralized Oracle to determine the outcomes of the bets securely and reliably.

Betting Exchange

The BX betting exchange forms the central hub for its users to accept or offer bets on the outcomes of the markets.

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.

BX Smart Contracts

All BX betting transactions, as well as payouts, will run safely, autonomously and transparently on the blockchain by using Smart Contract Technology.

Market Owner

Becoming a bookmaker has never been so easy. In the BX ecosystem, every user can become a Market Owner and receive a share of the market they have created.

Betting Markets

BX will offer two types of betting markets within the ecosystem: private and public markets.

BX APPLICATION

BX App is designed both for Android and iOS. Though the functionality of the mobile application will be restricted to essential features at the initial stage, its scope will be extended in the future.

ADVANTAGES OF BX.BET

Betting Exchange Functionality on the Blockchain

BX will bring the full functionality of a betting exchange to the blockchain and revolutionize the way betting will take place in the future.

Become the Market Owner

With our Market Owner concept, BX eliminates the problem of illiquid betting markets by giving a robust incentive model for the Market Owner to ensure liquidity in every market at every time.

Peer-to-Peer

On BX all users bet against each other without having to interact with a central authority or bookmaker. The BX ecosystem is transparent, democratized and all winnings stay within the community.

Decentralized

The whole betting process is given back into the hand of the users with BX. All betting transactions run on the blockchain, and are completely autonomous, secure and transparent, and the players remain in full control of their betting actions and funds at all time.

Fair

Without a centralized authority, on BX everyone can offer (SELL) and accept (BUY) bets. The odds solely result from the demand and supply and therefore represent the probability of a specific outcome, based on the aggregated opinions of the players

No Limitation

BX provides its users the unlimited freedom of creating their own betting markets, acting as a Market Owner, accepting bets or offering their own odds at any time. There are no restrictions on the types and amount of bets, as the community decides whether a bet or a market gets approved.

Low Fees

BX creates a fee structure that is fair and transparent. Furthermore, our fee is significantly lower than the industry standard and is solely designed to keep the ecosystem running.

Social Betting

BX offers the possibility to create private betting markets for closed groups. This gives users a level of freedom that they have never experienced before. To further enhance the social betting experience, users have the possibility to leave thoughts and comments in each market.

TOKEN AND ICO DETAILS

The BX token is designed to enable the full functionality of BX, which makes it an integral part of the ecosystem. It is tradeable and can be divided into smaller fractions, thus fully serving the complex requirement profile of the BX ecosystem.

The BX token will be the enabler for all BX betting applications. It will be utilized to conduct all transactions inside the BX ecosystem. The token is based on the ERC20 Ethereum token standard, which has become a widely accepted and highly secured token implementation standard.

Token: BX
Price 1 BX = 0.19 USD
Bonus: Available
Total supply of tokens: 200,000,000
Platform: Ethereum
Accepting: ETH, BTC, Fiat
Minimum investment: 100 USD
Soft cap: 5,000,000 USD
Hard cap: 20,000,000 USD
Country: Malta
Whitelist/KYC: KYC & Whitelist
Restricted areas: Algeria, Bangladesh, Bolivia, Democratic people’s republic of Korea, Ecuador, Ethiopia, Indonesia, Iran, Iraq, Jordan, Kyrgyzstan, Morocco, Nepal, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, USA, Vanuatu, Yemen.