Today I am writing a very interesting project called BX.BET. This project seems more interesting after reading the whitepaper. The project has a very good concept. I know this project will get high success. Consider investing. I am very happy with this project. I will explain a few more details below about this great project to be easily understood by everyone.
BX is a blockchain-based betting and prediction market ecosystem, designed to change the way the world bets. BX has the vision to create a whole new betting experience, where any user can take over the role of the bookmaker, create their own markets, place and offer bets with self- determined odds, and even participate in the outcome determination of a market. All by using the BX Token, which is conceived to become the global standard for all betting transactions
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.
PROBLEMS IN THE BETTING INDUSTRY THEY HOPE TO SOLVE
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.
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.
THIER 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.
BENEFITS
• 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.
• 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.
ADVANTAGES
• PEER-TO-PEER betting – Each user can place bets without a middleman. Every betting transaction is user against user, no central bookmaker in place. The BX ecosystem is transparent, fair and highly secure
• DECENTRAL betting – Whole betting process is given back into the hands of the users. All betting transactions run autonomously, securely and transparently on the blockchain and the players remain in full control of their betting actions and funds at all times
• FAIR betting – Without a centralized authority, everyone can become the bookmaker and offer odds. The odds represent solely the probability of occurrence of a specific outcome, resulting from the aggregated opinions of the players
• NO LIMITATION betting – BX provides its users the unlimited freedom of creating own markets, acting as bookmaker, accepting bets or offering their own odds at any time. There are no restrictions on the type and number of bets, as the community decides whether a bet or a market gets accepted.
DETAILS OF THE ICO
Token symbol: BX
Token sale price: 1 BX = 0.19 USD
Platform: Ethereum (ERC20)
Soft cap: $5,000,000
Hard cap: $20,000,000
Total token supply: 200,000,000 BX
Total tokens offered: 120,000,000 BX
Pre-token sale: 3rd September 2018 - 17th September 2018
Main token sale: 8th October 2018 - 5th November 2018
BONUS PRE-SALE: 300 USD - 2,000 USD = 15%; 2,000 USD -
15,000 USD= 20%; ABOVE
15,000 USD = 30%
THIER APP
The BX app offers the full joy and functionality of the BX ecosystem
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.
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.
TOKEN AND FUND DISTRIBUTION
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
SUMMARY
Dear reader, this is just a brief overview of the purpose, benefits and opportunities that can be gained from this innovative project. After reading this briefing, I am sure you will want to know more
For more information about this great project kindly click on the links below;
Website: http://www.bx.bet/
Whitepaper: https://bx.bet/static/files/whitepaper.pdf
Telegram: https://t.me/bxbet
Twitter: https://twitter.com/BXBETico
Facebook: https://www.facebook.com/BXBET/
Medium: https://medium.com/bxbet
Youtube: https://www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw
AUTHORED BY:
Bitcointalk Username: Kcokoo2
https://bitcointalk.org/index.php?action=profile;u=2270442
Eth Address: 0xE9a3c6d8e79901243e5D1ADEC46d11F27E4E61d9
