BX.BET (THE DECENTRALIZED BETTING EXCHANGE)

BX is a blockchain-based betting and prediction market ecosystem designed to revolutionize the future of betting
INTRODUCING
BX 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.

THE MARKETS
Our vision is to create an ecosystem which fully supports each of the following market types, to provide a truly unique and engaging experience for all players

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
THE ECOSYSTEM
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.

BX APP
The BX app offers the full joy and functionality of the BX ecosystem

EVERYTHING IN ONE PLACE
The BX app makes it easy to keep track of all your betting activities and results, from one simple place. With the BX mobile App players will have the whole BX ecosystem in their pocket - anytime, anywhere.

DESIGNED WITH YOU IN MIND
We strive for excellence in UI/UX design, and so we have ensured that the BX powered apps are simple and easy to use.

PLACE BETS
Search through the huge variety of different betting markets created by the community, to decide which ones to bet on.

BECOME A MARKET OWNER
Create your very own betting markets to become a market owner and receive your share of your market - the community is in control of what to bet on.

CREATE PRIVATE MARKETS
Create your own private betting market and invite friends, family and other BX users to join your private betting community.

DETERMINE OUTCOMES
Use the BX outcome voting system to determine the outcome of bets and receive a reward for every honest outcome vote.

WHAT MAKES BX DIFFERENT?
BX combines betting on the blockchain with the most advanced and transparent betting concept: a betting exchange with the goal to create a whole new experience for our users.

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 LIMITATIONS
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 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
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
60% Token Sale
10% Team
10% Advisor
5% Bounty
15% Company Reserve

FUND DISTRIBUTION
50% Development
25% Marketing
15% Operations
5% Legal
5% Miscellaneous

BONUS SCHEME
PRE-SALE

15% (300 USD - 2,000 USD)
20% (2,000 USD - 15,000 USD)
30% (ABOVE 15,000 USD)

ROADMAP
Q3 2017
Project kick-off

Q4 2017
Product / concept development

Q1 2018
Token Offer Development and MVP development

Q3 2018
Private sale and Pre-Token Offer

Q3 2018
Public Token Offer

Q4 2018
Development
First Exchange Listings

Q4 2018
Release of the private alpha version of BX.
Regulations and Licensing

Q1 2019
BX Public beta and BX Wallet release

Q2 2019
API / Mobile app release

Q3 2019
BX roll out with full functionality

Q4 2019
Implementation of financial markets & all eSports features

2020+
Offline presence and other great expansion in the BX ecosystem

More information please visit at:
WEBSITE
WHITEPAPER
ANN THREAD
TELEGRAM
FACEBOOK
TWITTER

Author: erupsi
Bitcointalk:
https://bitcointalk.org/index.php?action=profile;u=1903033
ETH :
0x72E798d7EAdc4272701B7cB17B30e6942919F83a