The global sports betting market continues to surge in popularity. In fact, it’s one of the fastest-growing sectors in world, offering tremendous potential for both sportsbooks and bettors. With the digital revolution in full swing, the sports betting industry continues to undergo dynamic changes, expanding in established markets and forging its way into new ones. However, due to lack of trust of some existing platforms and the use of middlemen and intermediaries to transact on such platforms, sports bettors are faced with challenges such as high transaction fee, registration issues, delayed deposits and withdrawals, to mention a few. In order to make the sport betting industry a safe haven for participants, and to instill trust and confidence into sports enthusiasts, a platform named BITGOALS was birthed.
WHAT IS BITGOALS
Bitgoals is a platform which leverages on blockchain technology to create a decentralized ecosystem for lovers of sports, taking sports gamblers, casual and fantasy gamers into consideration. It aims at affording them the opportunity to support their own favourite team as well as participate actively and benefit from rewards in the global sports industry. Bitgoals was built to reward sport lovers of sports who have the ability to predict results of games based on the analytic thinking capabilities as well as their knowledge of sports.
CHALLENGES IN THE SPORTS BETTING INDUSTRY
• Lack of Trust: People bet against faceless bookmakers instead of playing with friends and colleagues. In most case, these bookmakers are often the ones that dictate the pace of the games; hence players no longer have the confidence to play in their companies.
• Resort to the use of middlemen as a result of lack of trust. This often incurs higher costs on participants
• Delayed deposits and withdrawals: Due to the use of intermediaries and middlemen, players experience issues with deposits and withdrawal of their funds. This is because if the middlemen claims that money deposited did not reflect in his account, the player may end up losing his money. Thus players are not guaranteed safety of their funds. On the other hand, limits could be placed on payout amount during withdrawal, the player might incur extra charges in order to withdraw his full earnings
• Governmental control: this has made lots of sports bettors lose their hard earned money due to unforeseen events that occur as a result of governmental regulations
• Complex registration and interfaces: These compound the problem and can be overwhelming to casual players
• Inability to differentiate between legal and illegal operators: Players who are unfortunate to sign up and deal on websites of illegal operators gets deceived and end up losing their money.
BITGOALS FEATURES
• A transparent platform that does not require the use of middlemen, thus eliminating the risks associated with their involvement
• Offers players with rewards on all sport activities engaged in on the platform
• Simple registration interface and preservation of users data
• A platform free of manipulation of result as it is based on blockchain and smart contract rather than on human effort
• Guarantees fast reflection of deposits and facilitates quick anonymous payouts
• No Governmental regulation which often leads to loss of players’ funds
Summarily, bitgoals offers a decentralized platform that proffers lasting solution to the challenges experienced by sport enthusiasts, casual players and sports bettors in the global sports industry.
TOKEN
Token to be used on the platform is known as STP. It is an utility token that serves the following functions:
• Rewards for participants in the bitgoal platform
• Means of payment by players
• Means by which winnings are paid
• Gaming and betting currency
TOKEN INFORMATION
Name: Bitgoal Sports token protocol
Token Ticker: STP
Total token for sale: 55,000,000 STP
Token Sale: June 14th-July 15th 2018 (Token sales will take place during the 2018 FIFA Worldcup)
Soft Cap: $500,000
For more information about bitgoal, kindly visit:
Website: https://bitgoals.com/
Whitepaper: https://bitgoals.com/wp-content/uploads/2018/05/Bitgoals_WP.pdf
Twitter: https://twitter.com/BitGoals
Telegram: https://t.me/BitGoals
Facebook: https://www.facebook.com/BitGoalsSTP
Bounty Thread: https://bitcointalk.org/index.php?topic=4447485
Writer: Crypto4ruby
Writer’s bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1788350
ETH Address: 0xD99EF6C53409b43020BA0427e24b8682af8A9A59