BX.BET - Decentralized Exchange of Rates

in #blockchain6 years ago

Good day, friends. Today, let's talk about sports online bookmakers. 

You probably noticed that on TV screens often there is an advertisement of different bookmakers, especially before the start of sports matches. 

This is obvious, because the interest in online bookmakers from users has grown very much. At the same time, control over bookmakers from various state and centralized services grew. They are trying to take control of this market in every way. Because of this interference in the internal processes of bookmakers, the interest and trust of users decreases every year. Obviously, this creates tremendous problems for the online betting industry. They lose their potential customers, which leads to losses. It is necessary to look for a way out of a difficult situation.

Our world is changing every day and in the era of the blockbuster, new opportunities are emerging. 

At the moment, based on the blockbuster, the developers of the BX.bet project are launching a revolutionary decentralized exchange for sports betting. 

The project proposes to solve the problem of the influence of centralized services on the bookmaker, to increase the transparency of all transactions on the platform, using smart contracts Ethereum. Users will have full control over their money portfolio and carry out transfers whenever they like. These conditions will undoubtedly contribute to the return of interest in the industry, from which all will benefit.

 Benefits

  1. The uniqueness of the platform lies in the fact that every user is able to act as a bookmaker. What? Is it like that at all?
    Very simple! You will be able to offer your bids to the community, without any intermediaries. In the end, users will decide whether to accept this bet or not.
  2. The coefficients will depend on the supply and demand of the participants, similar to the stock exchange.
  3. Users will be able to participate in trading in three different types of market, such as sports, forecast and financial markets.
  4. Full control at all stages of the transaction between users - autonomously, transparently and reliably.
  5. There are no restrictions on the number of bets, at any convenient time.
  6. On the platform, users are united in a single community, where they actively interact with each other, participating in trades, without the influence of centralized structures.

 I want to highlight the opportunity to participate in both private and public market rates.Private. The market maker can selectively invite friends, friends, relatives to a group that is closed from the public. Easily and simply through the API or platform.
A symbolic fee is charged for the creation of the market. There are no commissions within the market.Public. Available for every user who has the right to create his own betting market and be the owner. Commission 4%, of which:

  • 1% goes as a reward to the owner for creating a market.
  • 1% for the development and improvement of the BX.bet platform
  • 1% is given to the developer or provider of the interface platform or application through which the bet was placed.
  • 1% is allocated to encourage users to participate in the voting system to determine the rate. Depending on the rank of the user, the percentage of compensation from the total allocated amount increases. (1 rank - 0.5%, 2 - 1%, 3 ranks -1.5% and 4 - 2%)

Oracle voting system.


If the user made a bet on a particular market, to approve the result of the bet, ie. whether they played or not, confirmation from other users is required, by voting.
Thus, participants determine winners and losers. The winnings are immediately sent to the winners. For example, you put 1000 BX tokens with a coefficient of 5.0 for some sporting event. The game is over, you are telling all market participants that they won. However, to win the prize, those who lost must confirm their loss.
The voting system is designed so that for every honest and fast voice, users receive points. They are needed to increase the rank on the platform. If the loser voted for his winnings, then after the voting ends, he receives a warning from the system. (3 warnings - account lockout)The voting system consists of 2 options for determining the outcome of a bet:

  1. By voting Superuser. The platform BX.bet has a system of rewarding the user for honest votes and the successful performance of all the duties of the owner of the market. Because of the number of points received, each participant has a rank on the platform. The higher the rank, the stronger the strength of the golas for the final result of the bet.
  2. Community voting system. 

 If the aggregate community vote and the Superuser vote coincide, the market is considered complete, but if there are disagreements, the voting process will begin anew. 

 Token BX 


The main currency for all transactions on the platform is the BX token, the ERC-20 standard based on Ethereum. It will be used to reward users for actively participating in the development of the platform, also when creating a betting market, to determine the outcome of the rate and to pay internal commissions.

Procedure for distribution of tokens - ICO 


At the moment there is a private sale of tokens for private investors.
✅ Private Sale 1: July - August, 2018
✅ Pre-ITO: September 3 - September 17, 2018
✅ Main Sales: October 8 - November 5, 2018
✅ Deposit: ETH, BTC, FIAT
✅ Token: BX
✅ Total will be issued: 200,000,000 tokens
✅ Highlighted tokens for major sales: 120,000,000 tokens
✅ Softcases: 5M $ USD
✅ Hard disk: 20M $ USD
✅ Price of the token: 0.19 $ USD
✅ Minimum investment on the pre-deposit: 300 USD
✅ Minimum investment on the main sale : 100 USD
✅ All unsold tokens are burned.
✅ KYC is required for participationSystem of bonuses on the pre-list

  1. From 300 USD to 2000 USD - 15%
  2. From 2000 USD to 15.000 USD - 22.5%
  3. More than 15.000 USD - 30%

Token distribution 

 Team 


The project team BX.bet has a tremendous experience in the development and launch of online bookmakers at the level of well-known brands Betsson, Betfair and Bwin. At the same time, she has her own neglected brands Mobilebet, Wetten.com and esportsbetting.com  

Roadmap


Conclusion


  Undoubtedly the online bookmaker market is going through hard times. Centralized services constantly establish new restrictions for conducting activities. The market for bookmakers requires drastic changes. Due to the highly qualified team of developers and the great experience, the project has all the prerequisites to take the leading positions in this field. 


Following more information;   

Official website: http://www.bx.bet/
ANN thread: https://bitcointalk.org/index.php?topic=4641799.0
Telegram channel: https://t.me/bxbet
Twitter: https: // twitter .com / BXBETico
Facebook: https://www.facebook.com/BXBET/
Whitepaper: https://bx.bet/static/files/whitepaper.pdf
Medium: https://medium.com/bxbet
Youtube: https: //www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw 


Keep Tabs On Me Daily articles on cryptocurrency and blockchain based projects. 

Steam || BitcoinTalk profiles   

ETH Address :  0x65510EA7bB0618d48c0Ac5a3941760c96ECcda3C

Coin Marketplace

STEEM 0.30
TRX 0.11
JST 0.033
BTC 64104.40
ETH 3148.52
USDT 1.00
SBD 4.25