INTRODUTION
During my childhood days I remember we use to bet on small things for ex. will our class teacher arrive or will she check our homework and many more things. In return of these bets we had to bring food from our house or whatever they ask for. As time passed by and we grew older the definition of betting changed and the normal betting changed to official betting.
You may be wondering as to which are the industries where betting takes place, the official betting happens on the trading business called the stock exchange. Stock Exchange is a way of betting because there we invest our money on the various stocks which are listed with a particular exchange and based on the value of that particular stock on that day we get our returns.
Apart from this industry, the other industry where betting takes place is the sport industry. As the sports industry is growing widely and the number of games being promoted is increasing day by day. The betting on these sports also increases along with it.
However, without any doubt the biggest betting happens in the gambling industry. Initially people use to go to casinos and do gambling, but now with advance in technology there are various portals which host gambling games and people can bet through that online portal.
Along with the above mentioned industries even the esport industry involves betting on various games.
BX - THE BETTING EXCHANGE
This sector centralized meaning that there are few companies which make the betting platform, and they themselves select the players and decide the rate of that player. Even though it is centralized there is no way that one can find out the details of transaction. The betting industry has doubled its revenue since 2009, it has still not found ways in order to cover up the various loops in the industry.
In order to overcome the loops in the industry and in order to enhance the process of betting a group of developers have developed a portal called BX (Betting Exchange) with the vision of creating an ecosystem which fully supports each of the vertical market and provide a truly unique and engaging experience .
There are various advantages that this portal provides the biggest advantage that this portal has is that in order to bet you can create your own regulation and there are no set of rules that you need to follow. Hence making it a decentralized process. This advantage that it provides is also the highlight of this particular portal as this would be the first portal which would help people have a decentralized portal and giving one the advantage of creating ones own portal with personalized rules, regulations and prices which is in fact the most unique feature till date.
The biggest and the most severe issue that betting industry faces and the reason why people hesitate in order to bet are the trust issues. This is because the betting industry is a centralized process people usually fear that the money that they invest would not be safe guarded and it would be taken by someone as there is no proper clarity. However with the help of this portal these issues will be resolved as we have now understood that this portal would be a decentralized one and hence it would give you clarity on all the processes.
CONCLUSION :-
Along with the above advantage there is additional advantage which is that this portal will work on a block chain based technology and all the transaction done on this portal would be done by the BX token which is a special token for this portal itself.
Thereby you can see that by using this portal a bunch of advantages would be provided to the users, which makes it a sure bet to login in to this portal.
Website - http://www.bx.bet/
Whitepaper - https://bitcointalk.org/index.php?topic=4641799.0#post_
ANN - https://bitcointalk.org/index.php?topic=4641799.0
Telegram - https://t.me/bxbet
Published by- prince0200
Profile - https://bitcointalk.org/index.php?action=profile;u=1807689
