Betrium is the solution developed by group of entrepreneurs and MIT & MIPT graduates offering the first partly decentralized worldwide betting service (betting exchange & sportsbook) with zero-commissions accepting crypto-currencies and offering platform for event organizers, developers and thirdparty service providers.
As 2017, the global regulated gambling market is about $533b. The betting market accounted for $70b in global gross yield. The unregulated sector is many times larger.
Today’s online betting services have a several disadvantages:
Some of the today's decentralized solutions have the following problems:
The solution is Betrium:
Moreover, we are the first to offer a powerful betting API for developers, third party apps and betting bots. In future, Betrium may become a worldwide betting processing center providing its core to the huge number of services.
So, to make the world’s largest betting service, Betrium is doing an initial coin offering and issuing its tokens on a public blockchain. Betrium is a project, where a real business meets new generation technologies.
At the very beginning of Betrium, our Team analyzed few ways of realizing of Betrium functionality. The important thing was worldwide availability and the risk of institutional processing. With the one voice, after a solid research, the Team decided to build Betrium on a blockchain technology.
The Ethereum blockchain allows the creation of smart contracts that run business logic autonomously in the blockchain. The smart contracts enable secure and reliable processing of the events created and the transaction structure behind them. Payouts are processed automatically by the smart contract on the Ethereum blockchain.
The blockchain gives opportunity to developers and third-party betting services providers to run their own solutions based on Betrium core.
Moreover, all transactions are publicly verifiable, counterfeit resistant, and not subject to the risk of institutional processing.
Platform for Organizers
Betrium provides special partner solution for event organizers that want to earn money. Each owner of the Betrium Network account is able to create custom event and earn on betting just in few clicks. For example, e-game organizer (or player) can create the match on the Betrium, add potential outcomes and publish it. Betrium will automatically adjust the odds to make it profitable.
Moreover, Betrium will provide special marketing tools for promoting of such activities.
Powerful API
Betrium is the first to offer advanced Open API for developers, bots, third-party apps and betting service providers. Our Team develops Betrium Framework for the most popular software platforms.
In future, Betrium can become a world's betting processing center.
Profit Sharing
Profit share: 50% of annual profit. Each BTRM token holder regularly receives a half of Betrium's profit and that is the key element of our token growth mechanism. Therefore, the Betrium token is directly backed by Betrium financial success and has a real increasing worth.
No Volatility / Hedging
We offer crypto-currencies volatility stabilization for users. In Betrium, balances will be fixed in the virtual USD/EUR, so users are protected from losing in regular dumps. We're going to achieve that by integrating some exchange functionality (USD/BTC/ETH) and future partnerships with different local and worldwide exchanges.
Legal Activity
Despite the fact, that Betrium's nature can't be regulated, our goal is to make our platform as legal as possible. We will act fully within the law under Curaçao license for online gambling. Curaçao is the most popular offshore and e-zone for such purposes and it is used by many current biggest betting providers, online casinos and poker. Moreover, in future we plan to get licenses in: Malta, UK, Germany, Australia, USA.
The gambling industry is developing and moving towards. Gambling already takes a part in most people lives and the Market Review illustrates this. We do not respect traditional betting services due their unfair conditions and other problems described in "Problems" section. Our mission is to change that.
Also, we think that every single event organizer like private Austrian box league should have an opportunity to earn money on bets. Betrium will give that opportunity to everybody, including individuals such as e-sports streamers.
In Betrium bets happen off-chain and only added when the event happens and the outcome is undeniable. However the bets are broadcasted all over the network instantly for the odds to be recalculated.
That means, in contrast to competitors, we are able to provide high-speed betting service built on decentralized IT architecture. Any solution powered just by Ethereum blockchain simply can't provide the speed required for professional betting/trading on sports.
Finally, we will provide a powerful Public RESTful API, so developers may create as much betting bots as possible and build their own betting services using Betrium core.
To achieve Betrium's goals, we are launching an Initial Coin Offering to issue Betriums tokens B T R M on the public blockchain. BTRM is an ERC-20 token build on Ethereum. A total of 140m BTRM will be issued only. The tokens will be issued during the pre-ICO and ICO.
Pre-ICO
Within the pre-ICO stage, Betrium puts up for sale 14 million tokens (10% of all tokens to be issued). The pre-ICO launches to prepare the initial version of Betrium in its best before the full ICO. We'll spend raised funds on:
Tokens Allocation
Gambling online market and particularly betting market is growing dynamically year after year. The share of online betting is growing.
The regulated gambling market is $500B+, and the unregulated market much larger and is estimated to $1T. The betting is the major field of gambling sector.
Also, there are some territories in the world, where online betting is disallowed.
For the last few years, users actively transit to mobile devices and prefer using mobile applications.
The betting has the following key-parameters:
Bringing all these factors together, it is understood that sports betting is one of the biggest and most perspective international markets on Earth. Online betting is the market, where decentralized crypto-based solutions are fully substantiated. Moreover, the gambling, like all others sectors, is undergoing transformation due the new available technolog
