BX.BET | Innovation On Bets That Are Unique To The Global Betting Market

afdalsarta (30)in #bitcoin • 6 years ago

Hello meet again with me sarta afdal, i will explain Blog i will introduce about BX.BET project, and for more detail let' s go to the following discussion :

What is BX.BET

BX.BET is a global, decentralized peer-to-peer betting and prediction market ecosystem that will allow its users to place bets on any market created by the community using the BX token.

With the smart contract power of the ethereum blockchain, BX is able to cut out the middleman and give its users full control over their funds and betting transactions at all time.

BX aims to completely disrupt and redefine the traditional betting industry by offering its users a unique betting experience.

Whatch this video.

PROBLEMS OF THE BETTING INDUSTRY

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 penalise 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.

THE SOLUTION

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

BX neutralises 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.

HOW IT WORKS

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.

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

TOKEN SALE DETAILS

Pre-Token Sale start date : 3rd September 2018

Pre-Token Sale end date : 17th September 2018

Main Token Sale start date : 8th October 2018

Main Token Sale end date : 5th November 2018

Total token supply : 200,000,000

Total tokens offered : 120,000,000

TOKEN SALE

Hard cap : $20,000,000

Soft cap : $5,000,000

Token symbol : : BX

Token sale price : 1 BX = 0.19 USD

Blockchain used : Ethereum

Token standard : ERC20

Token type : Utility

TOKEN DISTRIBUTION And FUND DISTRIBUTION

Based on the road map that has been created, the project BX starts in Q3 2017 and has been running in Q3 2018 for personal sales and pre-token offers, then the target will continue to run according to the road map that has been made so that the objectives can be achieved.