BITGOALS: A Revolutionary Decentralized Sports Platform

capableuwa (44)in #sports • 6 years ago (edited)

Sports is an entertaining game that allows one team to compete against another. It has become an important part of every humans life that create fun and excitements. It is an activity that has the power to unite two or more Nations together irrespective of their differences and most times it generate vibrant moments among its supporters globally.

Sports have also serve as a platform that reward its supporters around the world. Alright, this is how it works. As a supporter you are expected to place a bet against all odds that your team will emerge the winner and if that happens considering the total accumulated odds and the amount you stake with, that is what you are expected to received. It is no longer a surprise that betting can be done either offline or online.

Offline betting have been in existence even before the development of technologies like the internet platform and blockchain platforms. Offline betting involves a group of friends or family members coming together and put their funds in any particular team of their choice. But with the development of the internet it create more opportunities for supporters to place bet online irrespective of their position and location. As far as you have access to the betting site you can easily place your bet on any teams and get your reward when your team wins.

This has been working fine for both parties involved, but despite the success and progress achieved thus far. Online betters still experience some setback ranging from minimum deposits and withdrawal issues, lack of trust and integrity to complex rules and regulations guiding the platforms.

Different platforms have come with different concepts to addressed this issues but none have been able to provide an extensive solutions to the existing problems as they have failed to live up to the expectation of its users. Hence, Bitgoals was birthed to eradicate the problems that have been a pain in the ass for sports players, supporters and the sporting industry in general.

BITGOALS The Solution
Bitgoals is a well structured platform aim to provide a revolutionary solution to the existing problems that were a born of contention in the traditional system over the years by incorporating online betting into the blockchain and its infrastructures.

Bitgoals will provide solutions to the following issues:

In the Bitgoals platform, trust will be a thing of the part as it will be completely eradicated by the platform. This has been a challenge in the sporting industry as different agencies have completely monopolized the system giving little or nothing to its players. Since the blockchain is widely recognized for its transparency, accountability, reliability and maximum security. Bitgoals will deployed this technology together with its smart contracts to decentralized the existing system and introduce maximum integrity, transparency and guarantee trust to its users.
The platform will ensure that there is no limit to the amount that can be deposited or withdraw. In the existing system, it has become a norm that you can not withdraw a certain amount from the platform and even if you are allowed to withdraw, delays becomes the next issue as users experience delays whenever the withdrawal button is being clicked. With the help of the blockchain technology and its smart contracts the withdrawal and deposited issue will become a thing of the past.
Bitgoals will eliminate rules and regulations that have to do with paper work and submitting of personal bank details to the betting site. This is usually experienced whenever a participants wants to register and in some cases make withdrawal. Instead of the paper works and banking details, Bitgoals platform will used the smart contracts to process all transactions.
Bitgoals will create additional benefits for its users and community members by incentivizing with Bitgoals tokens.

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