BX.BET - the new decentralized betting exchange

Most likely, you have already noticed how recently there has been a lot of advertising by bookmakers, both on television and on the Internet. Interest of ordinary viewers to the rates is steadily growing, so that the market of bookmakers is very promising. The authorities of many countries seek to control it. Because of the introduction of various restrictions, taxes, and so on, many players gradually stop playing, which prevents the industry from developing.
The era of blockade technology gives the industry a second wind. Introducing the project BX.bet – this unique decentralized exchange is created for sports betting.

Ecosystem

The system of rates is in the private and public kinds of markets, any user can choose what he likes best.

Private. This section is good opportunity to invite the user to a closed group of all whom he wishes. Invitations work through an API or platform. There is no commission within the market, however, a small contribution is made for the creation of the market.
Public. In such a market, there are no borders for users, all can create betting markets. But here there is a commission, 4%. It is distributed as follows:
– 1% for the creation of the market gets the owner;
– 1% receives the developer (or owner) of the interface software or application, through which the bet was made;
– 1% of funds for further technological development;
– 1% encouragement of active users. Activity affects income – all users are divided into 4 rank.

How does the voting system work?

After you make a bet on the market, by voting you expect the confirmation of other users.
The system sends a win, all participants will know who won. For example, you bet with a coefficient of 3.0 hundred BX, for some sporting event. After the game is over, you tell everyone that your bet is correct. But to get a win, you must wait for confirmation of opponents.
Users will receive points for each honest vote. These points can be used to increase rank. The loser will be able to vote for his win only 3 times, each time a warning will come, and after the third the account will be blocked.

How the result is determined:

The first option is in the opinion of the SuperUser. If the user always honestly puts votes and fulfills all obligations taken on him, the system periodically awards him with points for which you can raise the rank. Higher rank – stronger than the power of voice for the final results of bets.

The second option is when the society votes. The market is declared complete when the Supervisor’s opinion coincides with the aggregate opinion of the community. However, in the event of disagreement, the voting will start again.

Token

In total, the system conceived 200 million tokens (BX), of which 120 million will be sold. 1 coin will be set at $ 0.19.
You can buy coins for both ETH and BTC, and for fiat currencies. The lower fee is $ 5 million, the top is $ 20 million. The project is registered in Malta.

General distribution of tokens

– 60% will be sold;
– 10% share of the team;
– 10% will be divided by advisers;
– 5% is allocated for bounty;
– and another 15% will go into the reserve.

Distribution of invested funds

– 50% will go for development;
– 25% share of marketing;
– 15% operating expenses;
– 5% legal expenses;
– 5% other expenses.

Pre-sale. The stage is scheduled for October 15-29. The minimum investment is $ 300. During the period, the bonus program will operate depending on the amount of investment – when making from 300 to 2 thousand dollars – 15%, from 2 to 15 thousand dollars – 20%, more than 15 thousand dollars – the buyer receives a discount in thirty%.

ICO. The stage will be held from November 19 to December 17. The minimum amount for the deposit is $ 100.

Team

12 specialists and 3 advisers are listed on the website. About each here is a detailed description and there is a link to the profile in social. network.

Social networks

At the moment (August 19), the project has not yet managed to gather around itself a proper level of popularity. In the Telegram group – 5596 subscribers, twitter – 1693, Facebook – 1297, reddit – 2. Youtube has so far only 2 videos and 12 subscribers. At the same time, the team laid out its development on Github in July in 2 repositories and started an active blog in Medium.

Bounty

A total of 3.600.000 coins are allocated for the campaign. Distribution of funds:
– 20% subscription campaigns;
– 25% of the campaign’s content;
– 10% of the translation campaign;
– 10% support pool on Twitter;
– 10% Telegram;
– 15% FB;
– 10% reserved for future campaigns.

Benefits

– Henceforth, any user can easily and quickly become a bookmaker. It’s very simple – within the system you can bid without intermediaries. Anyone interested in the system will be able to see them and take them if they want.
– Formation of coefficients is akin to the stock exchange – they are formed depending on demand and supply;
– The platform unites users into a community within which you can actively interact;
– Here, users completely autonomously control the situation at all stages;
– Users will be able to trade 3 different types of the market – not only sports, but also finance and forecasts;
– There are no restrictions on the number of bets.

Roadmap

The project was launched in the third quarter of 2017th. The active development of the product began, and MVP was introduced in the first quarter of this year. After carrying out sales, at the end of this year the token will be released to the stock exchanges. In the 1 st quarter, a public beta version of the platform will be released and the system wallet will be launched. Further, for 2019 all the main declared technologies will be finalized and launched. In 2020, the project plans to expand into offline.

Conclusion

The project attracts strong training, a powerful technical base and a confident team of experienced specialists. A high level is also noted on all major expert sites (icobench – 4.5, trackico – 5.0, icomarks – 8.7, foundico – 9.6).

Site: https://bx.bet/en/
Whitepaper: https://bx.bet/static/files/whitepaper.pdf

Twitter: https://twitter.com/BXBETico
Facebook: https://www.facebook.com/BXBET/
Github: https://github.com/BXBET
Reddit: https://www.reddit.com/r/BXBET/
Bitcointalk: https://bitcointalk.org/index.php?topic=4641799
Medium: https://medium.com/bxbet
Telegram: https://t.me/bxbet
Youtube: https://www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw

Author:

Bitcointalk username: Goldendragon67
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1750295